Many Inventors trying to bring their product ideas to push are totally crushed by rejection. So, I thought I would provide a report on some of the reasons you can get gotten cast off. It does not cover every reason you can get rejected, but hopefully wanted something to.
You truly realize that inventing is fundamentally a numbers competition! Yes, you still need to enjoy a good idea but you will find that in spite of how good an idea you could imagine it is that you may still get rejected. Many marketable ideas are rejected all time. Even if it doesn’t make sense to you that they reject an example that they agree could be profitable. Here are some common explanations why even marketable ideas are rejected.
1. They may now have a complete collection of providers not seeking add somewhat more.
2. The product is outside their marketplace.
3. You sent your submission to the wrong an affiliate the company – don’t assume they’ll automatically send it off to the right one.
4. You sent the idea unsolicited without contacting the company first to observe their submission policy, to begin with rejected it solely on that essence.
5. You did not have proper contact regarding your entry. (That is one of the actual mistakes Inventors make. The company will not bother to track you decrease.)
6. They’ve got too many similar providers that companies are flooded plenty of.
7. Your idea appeals to a very little niche market and they want mass market items.
8. The cost to manufacture versus the return on investment as well high.
9. Income sheet don’t WOW them and lacked consumer benefits information or was overloaded with a lot information to sort because of.
10. Goods has recently been patented by someone else and don’t want to ascertain if they can go around it or risk infringement factors.
11. Your product or idea isn’t much better what has already been on the. This tells them you didn’t research your idea okay and won’t have a clue who competition is in the market.
12. You sent a service or product that is precisely 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 Your idea is outdated or maybe on the downswing in comparison to what is on its way out one year afterwards.
14. They have a better solution than yours in the 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, samples, penzu.com etc prior for the Inventor contacting the company about their idea. This happens a wonderful deal. Inventors forget that they are not the only ones creating.)
15. These have received a similar idea from another Inventor and are currently in negotiations with that Inventor.
16. You need to posted your idea unprotected online inside a of those InventHelp Invention Service posting sites where others vote on your products to see if there is interest. Your public disclosure makes the actual concerned whether any patent protection would be allowed and turns it down derived from that issue.
17. You posted your unprotected idea patent and video of the important 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, however they write a quick look up your patent they make it a point it has lapsed due to non-payment of fees and it has been lapsed significantly after due marry. Making the chances of it being reinstated unlikely.
19. You’ve got patent, but it was poorly written and does not cover the particular product. (This happens a lot)
20. You will have a design patent and designing around your patent is a simple task, so that they can get very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t look at outside ideas and does not publicize everyone. So you get a rejection letter, but which are explain they don’t really look beyond 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 are not open to taking on anything else at period.
23. The right amount . consider items with a sales history they can review and then your item by no means been in production or sold stores or online. So do not need to take the risk of being the first company advertising it.
As I stated above these are a few belonging to the reasons abdominal muscles 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 study part to make yourself as marketable as is feasible.