Many Inventors trying to give their product ideas selling are totally crushed by rejection. So, I thought I would supply a involving some belonging to the reasons you could have gotten cast off. It does not cover every reason you could get rejected, but hopefully it will give you something start thinking about.
You really have to realize that inventing is fundamentally a numbers on-line! Yes, you still need to own a good idea but you will find that regardless how good an inspiration you may think it that you may still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that would likely reject an idea that they agree could be profitable. Here are some common purposes why even marketable ideas are rejected.
1. They may already have a full line of products and not wanting to add more.
2. Product or service is outside their marketplace.
3. You sent your submission towards wrong part of the company – don’t assume they’ll automatically send it on the right one.
4. You sent one does this program unsolicited without contacting the company first to check their submission policy, to begin with rejected it solely on that agreement.
5. You did not have proper contact about your submission. (That is one of the highest mistakes Inventors make. Corporation will not bother to be able to you on paper.)
6. They have too many similar services that companies are flooded proper.
7. Your idea attracts a little niche market and they want mass market items.
8. The cost to manufacture versus the return on investment is just too high.
9. Income sheet didnrrrt WOW them and lacked consumer benefits information or was overloaded with significantly information to sort because of.
10. Your product has recently been patented by someone else and tend not to want to determine if they are around it or risk infringement elements.
11. Your product or idea isn’t much better what is on the marketplace. This tells them you did not research your idea very well and won’t have a clue who the competitors is thats available.
12. You sent a specific thing that is just like their current product and that current technique are a marginal seller. So yours will not fare much better.
13. Your idea is outdated or is on the downswing when what is on its way out a year later.
14. They have a better solution than yours involving works for release that coming yr. (This is also where Inventors may scream the company stole their idea whether or not the company has already invested in molds, engineering, innovation samples, InventHelp Company etc prior into the Inventor contacting the company about their idea. This happens a masse. inventors help forget that they are not the only ones creating.)
15. These have received the identical idea from another Inventor and are developed in negotiations with that Inventor.
16. A person posted your idea unprotected online in a of those invention posting sites where others vote on your products to find out there is interest. Your public disclosure makes an additional concerned whether any patent protection would eventually be allowed and turns it down in keeping with that ailment.
17. You posted your unprotected idea and video of the running prototype online and have a significant regarding 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, however they participate in a quick explore your patent they noticed that it has lapsed by way of non-payment of fees and has now been lapsed significantly over the due marry. Making the chances of it being reinstated unlikely.
19. You’ve a patent, and it was poorly written and will not cover the actual product. (This happens a lot)
20. You have a design patent and designing around your patent is an easy task, as a result they should expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t take a outside ideas and doesn’t publicize i’m not sure. So you get a rejection letter, but won’t matter explain they just don’t look right out of the company.
22. You sent them your product but these have decided about their line for the year together with following year and aren’t open to taking on anything else at period.
23. The right amount . consider items with a sales history they can review and your item never been in production or sold stores or online. So that they really do not require to take the risk getting the first company selling it.
As I stated above these are a few of the reasons you can have your idea/product rejected along with a company. Really take the time to yourself and understand your market, your place in that market and homework part to create yourself as marketable as possible.