Many Inventors trying to make their product ideas selling are totally crushed by rejection. So, I thought I gives a regarding some of your reasons you should have gotten cast off. It does not cover every reason you could get rejected, but hopefully plans and ideas something to think about.
You wish to realize that inventing is fundamentally a numbers game! Yes, you still need to undertake a good idea but you’ll find that in spite of how good a perception you might imagine it that you may still get rejected. Many marketable ideas are rejected all period. Even if it does not make sense to you that they reject a strategy that they agree is usually profitable. Here are a couple common reasons why even marketable ideas are rejected.
1. The company may surely have a full-line of services not desperate to add much more.
2. The product is outside their marketplace.
3. You sent your submission towards the wrong an associate 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 the company first to find their submission policy, plus they also rejected it solely on that source.
5. You did not have proper contact information on your the distribution. (That is one of the greatest mistakes Inventors make. The corporation will not bother to be able to you alongside.)
6. They’ve got too many similar services that market is flooded plenty of.
7. Your idea interests a small niche market and would like 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 significantly information to sort by simply.
10. Goods has recently been patented by someone else and they don’t want to find out if they should go around it or risk infringement issues.
11. Your product or idea isn’t much better what is on the market. This tells them you didn’t research your idea very nicely and won’t have a clue who your competition is thats available.
12. You sent a service or product idea that is strictly like their current product and that current product is a marginal seller. So yours will not fare much better.
13. Your idea is outdated or possibly on the downswing compared to what is coming out a year later.
14. They have a better solution than yours within works for release that coming yr. (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior to your Inventor contacting the company about their idea. Transpires a significant. Inventors forget that they aren’t ones creating.)
15. They have received to correct idea from another Inventor and are in negotiations with that Inventor.
16. A person posted your idea unprotected online inside a of those new invention ideas posting sites where others vote on your product to see if there is interest. Your public disclosure makes an additional concerned whether any patent protection would be allowed and turns it down in keeping with that ailment.
17. You posted your unprotected idea and video of the significant prototype online and have a significant quantity of hits. It can raises the concern whether any patent would be possible because of your public disclosure.
18. You stated which you’ve got an issued patent, whenever they do a quick search on your patent they make it a point it has lapsed resulting from non-payment of fees and allows been lapsed significantly beyond the due associate with. Making the chances of it being reinstated unlikely.
19. You’ve a patent, can be challenging was poorly written as well as cover the actual product. (This happens a lot)
20. You then have a design patent and designing around your patent is an easy task, to ensure that you they should expect very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t the outside ideas and does not publicize everyone. So you get a rejection letter, but websites explain they just don’t look away from company.
22. You sent them your product but they have already decided their very own line for that year or that the following year and aren’t open to taking on anything else at period.
23. Simply consider items with a sales history they can review your item by no means been being produced or how to file a patent sold stores or online. So they do not need to go ahead and take risk for being the first company advertising it.
As I stated above these are simply a few of the reasons you can have your idea/product rejected with company. Really take period to yourself and understand your market, your put into that market and plenty of research part become worse yourself as marketable maybe can.