Many Inventors trying to make their product ideas promote are totally crushed by rejection. So, I thought I offers a list of some of the reasons you can get gotten terminated. It does not cover every reason you could get rejected, but hopefully wanted something to.
You really have to realize that inventing is fundamentally a numbers game! Yes, you still need to own a good idea but you’ll find that it doesn’t matter how good an insurance policy you could imagine it is that you could still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that would likely reject an example that they agree that i see profitable. Here’s some common the actual reason why even marketable ideas are rejected.
1. They may now have a complete collection of products and not looking to add somewhat more.
2. Makes use of is outside their marketplace.
3. You sent your submission towards wrong person in the company – don’t assume they’ll automatically send it off to the right one.
4. You sent are interested to produce unsolicited without contacting corporation first to check their submission policy, and they rejected it solely on that trigger.
5. You didn’t have proper contact about your submission move. (That is one of the greatest mistakes Inventors make. The machines will not bother for how to pitch an idea to a company you to trace you down.)
6. They’ve got too many similar providers that companies are flooded plenty of.
7. Your idea interests a very small niche market and they want mass market items.
8. Price of to manufacture versus the return on investment is simply high.
9. Profits sheet in order to WOW them and lacked consumer benefits information or was overloaded with too much information to sort indicates of.
10. Your products has have been patented by someone else and they just don’t want to determine if they can go around it or risk infringement elements.
11. Your products or idea isn’t much better than what is on market. This tells them you didn’t research your idea okay and won’t have a clue who your competition is in the market.
12. You sent a service or product that is precisely like their current product and that current set up is a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or perhaps on the downswing when what is departing from out one year afterwards.
14. They already have a better solution than yours the actual world works for release that coming calendar months. (This is also where Inventors may scream the company stole their idea although the company has already invested in molds, engineering, samples, etc prior on the Inventor contacting the company about their idea. Takes place a masse. Inventors forget that they aren’t the sole ones creating.)
15. These have received a comparable idea from another Inventor and are in negotiations with that Inventor.
16. You need to posted your idea unprotected online in a of those invention posting sites where others vote on goods to find out there is interest. Your public disclosure makes the actual concerned whether any patent protection properly allowed and turns it down based on that send.
17. You posted your unprotected idea and video of the working prototype on youtube and have a significant connected with hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated need an issued patent, yet if they participate in a quick search on your patent they discover that it has lapsed due to non-payment of fees and it has 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 as well as cover far more product. (This happens a lot)
20. It is easy to design patent and designing around your patent is a simple task, as a result they should be expecting very little protection in the industry.
21. Sometimes the company you have approached just doesn’t with outside ideas Inventions and does not publicize individuals. So you get a rejection letter, but websites explain they just don’t look beyond the company.
22. You sent them your product but they have decided on their line for that year or go with the following year and aren’t open to taking on anything else at that time.
23. Sufficiently consider items with a sales history they can inventhelp review nicely item by no means been in production or sold stores or online. So do not want to take the risk for being the first company selling it.
As I stated above these are simply a few with the reasons your event may have your idea/product rejected the company. Really take time to on your own and understand your market, your put in that market and seek information part different yourself as marketable as we possibly can.