Many Inventors trying to bring their product ideas selling are totally crushed by rejection. So, I thought I gives a connected with some of your reasons you can get gotten terminated. It does not cover every reason you can get rejected, but hopefully as well as your something to look at.
You really have to realize that inventing is fundamentally a numbers gameplay! Yes, you still need to undertake a good idea but you’ll find that regardless how good a perception you could imagine it is that you could still get rejected. Many marketable ideas are rejected all time. Even if it doesn’t make sense to you that they would reject a strategy that they agree that i see profitable. Here are some common purposes why even marketable ideas are rejected.
1. They may presently have a complete collection of products and not wanting to add more.
2. Makes use of is outside their target market.
3. You sent your submission to the wrong part of the company – don’t assume they’ll automatically send it off to the right one.
4. You sent viewed as unsolicited without contacting the company first to observe their submission policy, in addition they rejected it solely on that essence.
5. You didn’t have proper contact information on your submission. (That is one of the greatest mistakes Inventors make. The corporation will not bother to you decrease.)
6. They’ve got too many similar providers that sector is flooded a sufficient quantity of.
7. Your idea interests a very little niche market and they want mass market items.
8. The price to manufacture versus the return on investment as well high.
9. Revenue sheet in order to WOW them and lacked consumer benefits information or was overloaded with great deal information to sort through.
10. Your product has already been patented by someone else and they don’t want to see if they can go around it or risk infringement problems.
11. Your product or idea isn’t compared to what is on the actual marketplace. This tells them you didn’t research your idea perfectly well and won’t have a clue who other sellers is looking.
12. You sent a procedure that is just like their current product and that current device is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or maybe on the downswing in order to what is departing from out one year afterwards.
14. They have a better solution than yours within works for release that coming annualy. (This is also where Inventors may scream the company stole their idea whether or not the company has already invested in molds, engineering, samples, InventHelp Patent Services etc prior for the Inventor contacting the company about their idea. Goes on a lot. Inventors forget that they aren’t the sole ones inventing.)
15. They have already received a comparable idea from another Inventor and are in negotiations with this Inventor.
16. You need to posted your idea unprotected online inside a of those invention posting sites where others vote on your product to verify that there is interest. Your public disclosure makes the company concerned whether any patent protection would eventually be allowed and turns it down in accordance to that situation.
17. You posted your unprotected idea and video of the running prototype online and have a significant connected with 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, but when they participate in a quick explore your patent they make it a point it has lapsed due to non-payment of fees and InventHelp reviews features been lapsed significantly following due date. Making the chances of it being reinstated unlikely.
19. You’ve got patent, nevertheless was poorly written and does not cover specific product. (This happens a lot)
20. You then have a design patent and designing around your patent an idea is an easy task, as a result they should be expecting very little protection for sale.
21. Sometimes the company you have approached just doesn’t look at outside ideas and does not publicize that fact. So you get a rejection letter, but permit you explain they cannot look away from company.
22. You sent them your product but they have decided on your line for that year or that the following year and aren’t open to taking on anything else at that time.
23. The right amount . consider items with a sales history they can review nicely item by no means been in production or sold stores or online. So they do not need to go ahead and take risk of being the first company to market it.
As I stated above these are just a few with the reasons you should have your idea/product rejected a new company. Really take time to yourself and understand your market, your invest that market and study part become worse yourself as marketable as possible.