Many Inventors trying to give their product ideas to push are totally crushed by rejection. So, I thought I would provide a list of some belonging to the reasons you could have gotten rejected. It does not cover every reason you could get rejected, but hopefully make a something to.
You wish to realize that inventing is fundamentally a numbers on-line! Yes, you still need to get a good idea but you will find that irrespective of 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 does not make sense to you that they will reject an example that they agree this would definately be profitable. Listed below are some common reasons why even marketable ideas are rejected.
1. The company may now have a complete collection of providers not looking to add alot more.
2. The product is outside their target market.
3. You sent your submission for the wrong part of the company – don’t assume they’ll automatically send it to the correct one.
4. You sent viewed as unsolicited without contacting vehicle first to find their submission policy, and they usually rejected it solely on that agreement.
5. You did not have proper contact about your division. (That is one of the greatest mistakes Inventors make. The company will not bother for you to trace you up.)
6. They’ve got too many similar services that companies are flooded a sufficient quantity of.
7. Your idea draws a very little niche market and desire mass market items.
8. Price of to manufacture versus the return on investment is too high.
9. Revenue sheet don’t WOW them and lacked consumer benefits information or was overloaded with a good deal information to sort by simply.
10. Your product has been really patented by someone else and they just don’t want to see if they are around it or inventhelp innovation risk infringement trouble.
11. Your product or idea isn’t compared to what has already been on the. This tells them you didn’t research your idea perfectly well and don’t own a clue who competition is in the market.
12. You sent a service or product that is strictly like their current product and that current strategy is a marginal seller. So yours will not fare much better.
13. Your idea is outdated or perhaps is on the downswing when what will be coming out the next year.
14. They already have a better solution than yours involving works for release that coming annualy. (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 to the Inventor contacting the company about their idea. This happens a significant. Inventors forget that they aren’t ones inventing.)
15. They have already received another similar idea from another inventor ideas and are developed in negotiations with this Inventor.
16. Include posted your idea unprotected online a single of those invention posting sites where others vote on your products to check if there is interest. Your public disclosure makes an additional concerned whether any patent protection will be allowed and turns it down derived from that send.
17. You posted your unprotected idea and video of the running prototype on youtube and market an Invention idea possess 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 own an issued patent, but when they write a quick look on your patent they make it a point it has lapsed due to non-payment of fees and has now been lapsed significantly following due the present day. Making the chances of it being reinstated unlikely.
19. You have a patent, can be challenging was poorly written and also cover a lot more product. (This happens a lot)
20. You have a design patent and designing around your patent is a simple task, so 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 doesn’t publicize i’m not sure. So you get a rejection letter, but won’t matter explain they never look right out of the company.
22. You sent them your product but they have decided their very own line for that year or go with the following year and aren’t open to taking on anything else at that time.
23. The right amount . consider items with a sales history they can review your item has never been being produced or sold stores or online. To ensure that do n’t need to take the risk becoming the first company advertising it.
As I stated above these are a few of the reasons abdominal muscles your idea/product rejected along with a company. Really take the time to research the offers completely and understand your market, your invest that market and do your part things yourself as marketable maybe can.