Many Inventors trying to make their product ideas selling are totally crushed by rejection. So, I thought I would provide a regarding some belonging to the reasons you can get gotten rejected. It does not cover every reason you have access to rejected, but hopefully make a something to look into.
You want realize that inventing is fundamentally a numbers game! Yes, you still need to get a good idea but you will discover that regardless how good an insurance policy you might think it that you may still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that they would reject an example that they agree is usually profitable. Below are some common purposes why even marketable ideas are rejected.
1. The business may have also a full line of services not desperate to add much more.
2. Make use of this is outside their marketplace.
3. You sent your submission into the wrong an associate the company – don’t assume they’ll automatically send it to the correct one.
4. You sent one does this program unsolicited without contacting firm first to find their submission policy, and they rejected it solely on that agreement.
5. You did not have proper contact about your entry. (That is one of the most effective mistakes Inventors make. The machines will not bother to you alongside.)
6. They’ve got too many similar services that sector is flooded adequately.
7. Your idea interests a small niche market and they want mass market items.
8. The cost to manufacture versus the return on investment as well high.
9. Income sheet did not WOW them and lacked consumer benefits information or was overloaded with a lot information to sort because of.
10. Your products has happened to be patented by someone else and want to see if they should go around it or risk infringement factors.
11. Your product or idea isn’t compared to what is already on the market. This tells them you didn’t research your idea perfectly well and don’t have a clue who competition is in the market.
12. You sent a service or product that is precisely like their current product patent and that current set up is a marginal seller. So yours won’t fare any benefit.
13. Your idea is outdated or perhaps on the downswing in comparison to what is coming out the year after.
14. They have a better solution than yours their works for release that coming . (This is also where Inventors may scream the company stole their idea whether or not the company has already invested in molds, engineering, samples, etc prior on the Inventor contacting the company about their idea. This takes place a entire lot. Inventors forget that they aren’t the sole ones creating.)
15. These have received to correct idea from another Inventor and are currently in negotiations with this Inventor.
16. You have posted your idea unprotected online in a single of those InventHelp Invention Stories posting sites where others vote on your product to check if there is interest. Your public disclosure makes an additional concerned whether any patent protection would be allowed and turns it down derived from that give.
17. You posted your unprotected idea and video of the working prototype online and possess a significant InventHelp Number of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you have an issued patent, yet if they begin a quick look up your patent they identify that it has lapsed due to non-payment of fees and allows been lapsed significantly past the due marry. Making the chances of it being reinstated unlikely.
19. There’s a patent, can be challenging was poorly written and will not cover specific product. (This happens a lot)
20. You then have a design patent and designing around your patent is a straightforward task, which means they should expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t from outside ideas and doesn’t publicize everyone. So you get a rejection letter, but permit you explain they don’t really look outside the company.
22. You sent them your product but they have already decided about their line for that year or that the following year and are not open to taking on anything else at that time.
23. Really don’t consider items with a sales history they can review nicely item never been in production or sold stores or online. So do n’t want to consider the risk getting the first company to market it.
As I stated above these are a few with the reasons you should have your idea/product rejected by a company. Really take period to yourself and understand your market, your put into that market and homework part to make yourself as marketable as is feasible.