Many Inventors trying to give their product ideas showcase 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 have access to rejected, but hopefully make a something to.
You want realize that inventing is fundamentally a numbers game! Yes, you still need to enjoy a good idea but you will discover that no matter how good an inspiration you might imagine it is you can still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that would likely reject a strategy that they agree could be profitable. Listed below are some common the actual reason why even marketable ideas are rejected.
1. The company may presently have a full-line of products and not seeking add more.
2. Urge for food is outside their target market.
3. You sent your submission towards wrong part of 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 firm first to find their submission policy, plus they also rejected it solely on that essence.
5. You did not have proper contact about your entry. (That is one of the actual mistakes Inventors make. An additional will not bother to you on paper.)
6. Include too many similar services that information mill flooded proper.
7. Your idea appeals to a very small niche market and would like mass market items.
8. The cost to manufacture versus the return on investment is just too high.
9. Your sales sheet never did WOW them and inventions ideas lacked consumer benefits information or was overloaded with too much information to sort because of.
10. Your product has recently been patented by someone else and they don’t want to ascertain if they can go around it or risk infringement factors.
11. Your products or idea isn’t much better what is on the marketplace. This tells them you didn’t research your idea well and do not need a clue who competitors is that are available.
12. You sent a specific thing that is exactly like their current product and that current device is a marginal seller. So yours won’t fare any better.
13. Your idea is outdated or perhaps on the downswing in comparison to what is departing from out the year after.
14. They 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 whether or not the company has already invested in molds, engineering, samples, etc prior for the Inventor contacting the company about their idea. This happens a masse. Inventors forget that they aren’t ones inventing.)
15. These have received a comparable idea from another Inventor and are developed in negotiations with this Inventor.
16. You have posted your idea unprotected online in one of those invention posting sites where others vote on your products to find out there is interest. Your public disclosure makes company concerned whether any patent protection may allowed and turns it down based on that situation.
17. You posted your unprotected idea and video of the functional prototype on youtube and have a significant regarding 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 write a quick search on your patent they identify that it has lapsed due to non-payment of fees and it has been lapsed significantly past the due encounter. Making the chances of it being reinstated unlikely.
19. There’s a patent, but it was poorly written and also cover a lot more product. (This happens a lot)
20. You will have a design patent and designing around your patent is a straightforward task, to ensure that you they can expect very little protection in the industry.
21. Sometimes the company you have approached just doesn’t from outside ideas and does not publicize individuals. So you get a rejection letter, but permit you explain they just do not look beyond the company.
22. You sent them your product but these have decided to the line for the year or that 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 nicely item never been in production or sold stores or online. So that they really do not require to take the risk for being the first company to offer it.
As I stated above these are only a few belonging to the reasons you should have your idea/product rejected a new invention ideas company. Really take time to do your research and understand your market, your put in that market and do your part different yourself as marketable as it can.