Many Inventors trying to give their product ideas to market are totally crushed by rejection. So, I thought I gives a connected with some of this reasons you can get gotten terminated. It does not cover every reason you can get rejected, but hopefully wanted something start thinking about.
You truly realize that inventing is fundamentally a numbers competition! Yes, you still need to undertake a good idea but you will find that regardless how good understanding you may think it is you can still get rejected. Many marketable ideas are rejected all period. Even if it does not make sense to you that they will reject an idea that they agree could be profitable. Here are a couple common explanations why even marketable ideas are rejected.
1. The business may presently have a full-line of services not trying to add somewhat more.
2. Make use of this is outside their target market.
3. You sent your submission towards wrong person in the company – don’t assume they’ll automatically send it to the correct one.
4. You sent one does this program unsolicited without contacting group first to check their submission policy, and what to do with an invention idea they rejected it solely on that trigger.
5. You didn’t have proper contact about your submission. (That is one of the highest mistakes Inventors make. An additional will not bother for you to trace you up.)
6. Include too many similar products and that market is flooded adequately.
7. Your idea attracts a very small niche market and would like mass market items.
8. Costly to manufacture versus the return on investment as well high.
9. Revenue sheet did not WOW them and lacked consumer benefits information or was overloaded with a good deal information to sort indicates of.
10. Your products has recently been patented by someone else and they don’t want to find out if they can go around it or risk infringement problems.
11. Your product or idea isn’t compared to what has already been on market. This tells them you did not research your idea perfectly well and don’t have a clue who competition is that are available.
12. You sent a product that is just like their current product and that current set up is a marginal seller. So yours will not fare much better.
13. Your idea is outdated or perhaps on the downswing compared to what isn’t too far off out the next year.
14. They already have a better solution than yours the actual world works for release that coming . (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. This takes place a significant. Inventors forget that they are not the only ones creating.)
15. They have already received a comparable idea from another Inventor and are in negotiations with this Inventor.
16. Include posted your idea unprotected online a single of those invention posting sites where others vote on your products to see whether there is interest. Your public disclosure makes the company concerned whether any patent protection may allowed and turns it down based on that send.
17. You posted your unprotected idea and video of the important prototype on youtube and have a significant involving hits. This again raises the concern whether any patent invention would be possible because of your public disclosure.
18. You stated that you own an issued patent, whenever they begin a quick look on your patent they noticed that it has lapsed due to non-payment of fees and features been lapsed significantly over the due marry. Making the chances of it being reinstated unlikely.
19. You’ve got patent, and it was poorly written and will not cover the actual product. (This happens a lot)
20. There is design patent and designing around your patent is a simple task, as a result they should be expecting very little protection that can be found.
21. Sometimes the company you have approached just doesn’t take a outside ideas and does not publicize that fact. So you get a rejection letter, but websites explain they just don’t look away from company.
22. You sent them your product but they have already decided on their line for inventhelp office that year together with following year and are not open to taking on anything else at that time.
23. Simply consider items with a sales history they can review and then your item never been in production or sold stores or online. In order that they do not need to consider the risk becoming the first company advertising it.
As I stated above these are simply a few of the reasons abdominal muscles your idea/product rejected along with a company. Really take the time to do your research and understand your market, your commit that market and seek information part to make yourself as marketable maybe can.