Many Inventors trying to get their product ideas to push are totally crushed by rejection. So, I thought I would provide a involving some of this reasons you really can have gotten terminated. It does not cover every reason you have access to rejected, but hopefully plans and ideas something to think about.
You wish to realize that inventing is fundamentally a numbers gameplay! Yes, you still need to own a good idea but you will discover that regardless how good an idea you could imagine it is that you could still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that would likely reject a strategy that they agree could be profitable. Here’s some common reasons why even marketable ideas are rejected.
1. The company may surely have a full line of providers not wanting to add very much more.
2. The product is outside their target market.
3. You sent your submission into the wrong part of the company – don’t assume they’ll automatically send it to the right one.
4. You sent viewed as unsolicited without contacting the company first to find out their submission policy, and they usually rejected it solely on that essence.
5. You did not have proper contact information on your entry. (That is one of the most effective mistakes Inventors make. The corporation will not bother to be able to you up.)
6. They’ve got too many similar services that companies are flooded a sufficient quantity of.
7. Your idea attracts a minimal niche market and they want mass market items.
8. Costly to manufacture versus the return on investment is too high.
9. Income sheet didnrrrt WOW them and lacked consumer benefits information or was overloaded with too much information to sort indicates of.
10. Your products has have been patented by someone else and tend not to want to see if they goes around it or risk infringement elements.
11. Your product or idea isn’t much better than what is on the actual marketplace. This tells them you did not research your idea well and don’t own a clue who your competition 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 won’t fare much better.
13. Your idea is outdated or possibly on the downswing in order to what isn’t too far off out a year later.
14. They already have a better solution than yours involving works for How To Get A Patent On An Idea release that coming annualy. (This is also where Inventors may scream the InventHelp Company stole their idea whether or not the company has already invested in molds, engineering, samples, etc prior into the Inventor contacting the company about their idea. Takes place a wonderful deal. Inventors forget that they are not the sole ones inventing.)
15. These have received to correct idea from another Inventor and are working negotiations with this Inventor.
16. An individual posted your idea unprotected online in a of those invention companies 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 be allowed and turns it down depending that send.
17. You posted your unprotected idea and video of the significant prototype online and have a significant quantity of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated which you’ve got an issued patent, but when they perform quick look on your patent they make it a point it has lapsed resulting from non-payment of fees and features been lapsed significantly over the due the present day. Making the chances of it being reinstated unlikely.
19. You’ve got patent, nevertheless was poorly written and also cover a lot more product. (This happens a lot)
20. You will have a design patent and designing around your patent is a simple task, so that they should expect very little protection that can be found.
21. Sometimes the company you have approached just doesn’t the outside ideas and does not publicize individuals. So you get a rejection letter, but which are explain they cannot look outside the company.
22. You sent them your product but these have decided on their line for the year or the following year and are not open to taking on anything else at that time.
23. Sufficiently consider items with a sales history they can review and your item by no means been in production or sold stores or online. So they do not want to consider the risk to become the first company selling it.
As I stated above these are a few belonging to the reasons you can have your idea/product rejected the company. Really take the time to plumbing service and understand your market, your invest that market and seek information part different yourself as marketable as we possibly can.