Many Inventors trying to give their product ideas to market are totally crushed by rejection. So, I thought I would provide a report on some belonging to the reasons you can get gotten cast off. It does not cover every reason you can get rejected, but hopefully it will give you something to.
You really have to realize that inventing is fundamentally a numbers gameplay! Yes, you still need to have a good idea but you will discover that in spite of how good an idea you might imagine it is that you may still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that they will reject an understanding that they agree this would definately be profitable. Listed below are some common the actual reason why even marketable ideas are rejected.
1. They may now have a complete collection of providers not looking to add very much more.
2. Make use of this is outside their marketplace.
3. You sent your submission towards the wrong person in the company – don’t assume they’ll automatically send it right one.
4. You sent are interested to produce unsolicited without contacting vehicle first to find their submission policy, plus they also rejected it solely on that basis.
5. You did not have proper contact about your entry. (That is one of the highest mistakes Inventors make. The machines will not bother to be able to you up.)
6. Possess too many similar products and that companies are flooded adequately.
7. Your idea attracts a little niche market and they want mass market items.
8. The price to manufacture versus the return on investment is simply high.
9. Revenue sheet did not WOW them and lacked consumer benefits information or was overloaded with too much information to sort indicates of.
10. Your products has already been patented by someone else and don’t want to ascertain if they goes around it or risk infringement elements.
11. Your product or idea isn’t much better than what is already on market. This tells them you did not research your idea perfectly well and don’t need a clue who your competition is in the market.
12. You sent a product that is just like their current product and that current strategy is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or is on the downswing when what is coming out one year afterwards.
14. They have a better solution than yours involving works reviews for InventHelp release that coming year. (This is also where Inventors may scream the company stole their idea regardless of whether the company has already invested in molds, engineering, samples, etc prior for the Inventor contacting the company about their idea. Goes on a significant. Inventors forget that they aren’t ones creating.)
15. They have received to correct idea from another Inventor how to get an idea patented and are in negotiations with that Inventor.
16. You need to posted your idea unprotected online in one of those invention posting sites where others vote on your products to see whether there is interest. Your public disclosure makes the company concerned whether any patent protection would eventually be allowed and turns it down derived from that ailment.
17. You posted your unprotected idea and video of the functional prototype online and have a significant number of hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you should have an issued patent, help to they participate in a quick look on your patent they identify that it has lapsed thanks to non-payment of fees and it has been lapsed significantly following due the present day. Making the chances of it being reinstated unlikely.
19. You’ve got patent, but it was poorly written and also cover specific product. (This happens a lot)
20. You have a design patent and designing around your patent is a simple task, so that they should expect very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t the outside ideas and invention ideas does not publicize everyone. So you get a rejection letter, but won’t matter explain they don’t really look away from company.
22. You sent them your product but these have decided to the line for that year or that the following year and are not open to taking on anything else at period.
23. Sufficiently consider items with a sales history they can review together item never been being produced or sold stores or online. To ensure that do not want to consider the risk of being the first company advertising it.
As I stated above these are only a few with the reasons you should have your idea/product rejected along with a company. Really take the time to yourself and understand your market, your commit that market and study part to create yourself as marketable as it can.