Many Inventors trying to give their product ideas to market are totally crushed by rejection. So, I thought I gives a report on some for the reasons you really can have gotten terminated. It does not cover every reason you can get rejected, but hopefully wanted something start thinking about.
You really have to realize that inventing is fundamentally a numbers competition! Yes, you still need to own a good idea but you will find that irrespective of how good a perception you could 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 would likely reject an understanding that they agree that i see profitable. Here’s some common the actual reason why even marketable ideas are rejected.
1. The business may already have a complete collection of services not wanting to add alot more.
2. Urge for food is outside their target market.
3. You sent your submission to the wrong person in the company – don’t assume they’ll automatically send it to the correct one.
4. You sent viewed as unsolicited without contacting firm first to find their submission policy, and they rejected it solely on that essence.
5. You didn’t have proper contact about your the distribution. (That is one of the highest mistakes Inventors make. The machines will not bother to be able to you up.)
6. Contain too many similar products and that sector is flooded adequately.
7. Your idea appeals to a little niche market and would like mass market items.
8. Costly to manufacture versus the return on investment is simply high.
9. Revenue sheet don’t WOW them and lacked consumer benefits information or was overloaded with a lot information to sort through.
10. Your product has recently been patented by someone else and tend not to want to determine if they goes around it or risk infringement problems.
11. Your product or idea isn’t better than what is definitely on market. This tells them you didn’t research your idea well and don’t need a clue who the competitors is thats available.
12. You sent a product that is just like their current product and that current technique are a marginal seller. So yours will not fare much better.
13. Your idea is outdated or possibly on the downswing whenever compared with what isn’t too far off out the following year.
14. They already have a better solution than yours the actual world works for release that coming year. (This is also where Inventors may scream the company stole their idea whether or not the InventHelp Company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. Takes place a entire lot. Inventors forget that they aren’t the sole ones creating.)
15. They have already received another similar idea from another Inventor and are developed in negotiations with that Inventor.
16. You have posted your idea unprotected online in a single of those new invention ideas posting sites where others vote on goods to see if there is interest. Your public disclosure makes the concerned whether any patent protection may allowed and turns it down derived from that give.
17. You posted your unprotected idea and video of the significant prototype online and possess a significant connected with hits. It can raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you should have an issued patent, whenever they begin a quick look on your patent they identify that it has lapsed resulting from non-payment of fees and it’s been lapsed significantly over the due associate with. Making the chances of it being reinstated unlikely.
19. You’ve got patent, and it was poorly written and will not cover the particular product. (This happens a lot)
20. You have a design patent and designing around your patent is a straightforward task, meaning that they can expect very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t look at outside ideas and does not publicize i don’t know. So you get a rejection letter, but it doesn’t explain they never look away from company.
22. You sent them your product but they have decided their very own line for the year or the following year and are not open to taking on anything else at that time.
23. They only consider items with a sales history they can review and then your item has never been being produced or sold stores or online. So they do n’t need to go ahead and take risk for being the first company selling it.
As I stated above these are just a few of the reasons you can have your idea/product rejected the company. Really take the time to do your research and understand your market, your put into that market and plenty of research part to make yourself as marketable as we possibly can.