Many Inventors trying to make their product ideas selling are totally crushed by rejection. So, I thought I would supply a regarding some of this reasons you can get gotten discarded. It does not cover every reason you have access to rejected, but hopefully as well as your 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 to pitch an idea to a company good a perception you might 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 they would reject an understanding that they agree is usually profitable. Below are some common reasons why even marketable ideas are rejected.
1. They may presently have a full-line of products and not wanting to add much more.
2. Product or service is outside their marketplace.
3. You sent your submission towards 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 vehicle first to find their submission policy, in addition they rejected it solely on that basis.
5. You did not have proper contact information on your entry. (That is one of the most mistakes Inventors make. An additional will not bother to be able to you down.)
6. Contain too many similar providers that market is flooded plenty of.
7. Your idea interests a little niche market and besides mass market items.
8. Price of to manufacture versus the return on investment is just too high.
9. Revenue sheet don’t WOW them and lacked consumer benefits information or was overloaded with great deal information to sort because of.
10. Goods has been really patented by someone else and want to ascertain if they goes around it or risk infringement trouble.
11. Your product or idea isn’t much better than what is on the marketplace. This tells them you didn’t research your idea very nicely and don’t own a clue who competition is thats available.
12. You sent a procedure that is exactly like their current product and that current device is a marginal seller. So yours will not fare much better.
13. Your idea is outdated or perhaps is on the downswing when what isn’t too far off out a year later.
14. They have a better solution than yours involving works for release that coming calendar months. (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 on the Inventor contacting the company about their idea. Takes place a entire lot. Inventors forget that they are not the only ones creating.)
15. They have already received a similar idea from another Inventor and are working negotiations with this Inventor.
16. An individual posted your idea unprotected online inside a of those invention posting sites where others vote on your product to find out there is interest. Your public disclosure makes company concerned whether any patent protection may allowed and turns it down derived from that issue.
17. You posted your unprotected idea and video of the significant prototype on youtube and have a significant quantity of hits. This again raises the concern whether any patent idea would be possible because of your public disclosure.
18. You stated which you’ve got an issued patent, but when they perform quick look on your patent they discover that it has lapsed resulting from non-payment of fees and allows been lapsed significantly past the due the present day. Making the chances of it being reinstated unlikely.
19. You have a patent, can be challenging was poorly written and doesn’t cover the actual product. (This happens a lot)
20. It is easy to design patent and designing around your patent is a simple task, to ensure that you they can expect very little protection for sale.
21. Sometimes the company you have approached just doesn’t with outside ideas and does not publicize that fact. So you get a rejection letter, but websites explain they just do not look right out of the company.
22. You sent them your product but they have decided their very own line for the year or go with the following year and aren’t open to taking on anything else at that time.
23. Simply consider items with a sales history they can review together item has never been being produced or sold stores or online. In order that they do not need to take the risk getting the first company to encourage it.
As I stated above these are only a few within the reasons you can have your idea/product rejected the company. Really take the time to yourself and understand your market, your put into that market and how do you get a patent your part things yourself as marketable maybe can.