Many Inventors trying to get their product ideas to market are totally crushed by rejection. So, I thought I offers a report on some belonging to the reasons you really can have gotten rejected. It does not cover every reason you have access to rejected, but hopefully plans and ideas for inventions something to.
You want realize that inventing is fundamentally a numbers competition! Yes, you still need to undertake a good idea but you will find that irrespective of how good an insurance policy you might think 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 certainly reject an image that they agree that i see profitable. Here’s some common reasons why even marketable ideas are rejected.
1. The company may have also a complete collection of providers not desperate to add much more.
2. Product or service is outside their marketplace.
3. You sent your submission into the wrong person in the company – don’t assume they’ll automatically send it off to the right one.
4. You sent one does this program unsolicited without contacting group first recognize their submission policy, and they usually rejected it solely on that source.
5. You did not have proper contact information on your submission move. (That is one of the greatest mistakes Inventors make. The company will not bother to you up.)
6. Include too many similar providers that marketplace is flooded adequately.
7. Your idea attracts a very small niche market and besides mass market items.
8. The cost to manufacture versus the return on investment is simply high.
9. Revenue sheet did not WOW them and lacked consumer benefits information or was overloaded with significantly information to sort by simply.
10. Your products has have been patented by someone else and they don’t want to see if they should go around it or risk infringement trouble.
11. Goods or idea isn’t much better than what to do with an invention idea is definitely on the actual marketplace. This tells them you did not research your idea perfectly well and won’t have a clue who competition is that are available.
12. You sent a specific thing that is strictly like their current product and that current product is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or possibly on the downswing in comparison to what is on its way out the next year.
14. They have a better solution than yours involving works for release that coming . (This is also where Inventors may scream the company stole their idea even when the company has already invested in molds, engineering, samples, etc prior for the Inventor contacting the company about their idea. Transpires a entire lot. Inventors forget that they aren’t ones inventing.)
15. They have received a comparable idea from another Inventor and are in negotiations with that Inventor.
16. You need to posted your idea unprotected online inside a of those invention posting sites where others vote on your product to check if there is interest. Your public disclosure makes the company concerned whether any patent protection will be allowed and turns it down in keeping with that send.
17. You posted your unprotected idea and video of the running prototype online and possess a significant involving hits. It can raises the concern whether any patent would be possible due to your public disclosure.
18. You stated which you’ve got an issued patent, however they do a quick explore your patent idea they discover that it has lapsed resulting from non-payment of fees and it has been lapsed significantly past the due the present day. Making the chances of it being reinstated unlikely.
19. You’ve a patent, nevertheless was poorly written and does not cover far more product. (This happens a lot)
20. There is design patent and designing around your patent is a simple task, as a result they can expect very little protection for sale.
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 permit you explain they don’t really look beyond the company.
22. You sent them your product but they have decided on your line for that year or 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 review and your item has never been in production or sold stores or online. So that they really do not require to consider the risk getting the first company selling it.
As I stated above these are a few of the reasons within the glass . your idea/product rejected by a company. Really take the time to on your own and understand your market, your put into that market and seek information part different yourself as marketable as we possibly can.