Many Inventors trying to make their product ideas inventions to market are totally crushed by rejection. So, I thought I gives you a report on some of your reasons you could have gotten rejected. It does not cover every reason you can get rejected, but hopefully as well as your something to think about.
You really have to realize that inventing is fundamentally a numbers on the net game! Yes, you still need to undertake a good idea but you’ll find that irrespective of how good an idea you could imagine it is that you may 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 understanding that they agree could be profitable. Here are some common reasons why even marketable ideas are rejected.
1. The business may surely have a full-line of providers not desperate to add very much more.
2. Product or service is outside their marketplace.
3. You sent your submission for the wrong an affiliate the company – don’t assume they’ll automatically send it to the right one.
4. You sent premise unsolicited without contacting corporation first to observe their submission policy, to begin with rejected it solely on that basis.
5. You did not have proper contact information on your submission. (That is one of the greatest mistakes Inventors make. The corporation will not bother for you to trace you up.)
6. They’ve got too many similar products and that sector is flooded enough.
7. Your idea appeals to a very small niche market and would like mass market items.
8. The price to manufacture versus the return on investment is too high.
9. Profits sheet didnrrrt WOW them and lacked consumer benefits information or was overloaded with a good deal information to sort with the aid of.
10. Your product has recently been patented by someone else and market an invention idea tend not to want to see if they might go around it or risk infringement elements.
11. Your product or idea isn’t better than what is definitely on the. This tells them you did not research your idea well and won’t have a clue who competition is in the market.
12. You sent a procedure that is precisely like their current product and that current set up is a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or perhaps is on the downswing in comparison to what will be coming out the year after.
14. They have a better solution than yours their works for release that coming annualy. (This is also where Inventors may scream the company stole their idea although the company has already invested in molds, engineering, inventhelp store products samples, etc prior on the Inventor contacting the company about their idea. This happens a entire lot. Inventors forget that they aren’t the sole ones creating.)
15. These have received a similar idea from another Inventor and are developed in negotiations with that Inventor.
16. An individual posted your idea unprotected online inside a of those invention posting sites where others vote on your product to see if there is interest. Your public disclosure makes an additional concerned whether any patent protection will be allowed and turns it down depending that issue.
17. You posted your unprotected idea and video of the running prototype online and possess a significant involving hits. This again 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 participate in a quick look on your patent they noticed that it has lapsed due to non-payment of fees and has now been lapsed significantly past the due associate with. Making the chances of it being reinstated unlikely.
19. You’ve a patent, can be challenging was poorly written and also cover far more product. (This happens a lot)
20. You will have a design patent and designing around your patent is a straightforward task, which means they should expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t the outside ideas and does not publicize that fact. So you get a rejection letter, but it doesn’t explain they just do not look right out the company.
22. You sent them your product but they have already decided their very own line for the year and therefore following year and aren’t 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 being produced or sold stores or online. So that they really do not require to consider the risk to become the first company to market it.
As I stated above these are simply a few belonging to the reasons your event may have your idea/product rejected a new company. Really take the time to do your research and understand your market, your put into that market and study part things yourself as marketable as is feasible.