Many Inventors trying to bring their product ideas to push are totally crushed by rejection. So, I thought I would provide a regarding some of this reasons you could obtain gotten terminated. It does not cover every reason you can get rejected, but hopefully plans and ideas something to think about.
You want realize that inventing is fundamentally a numbers game! Yes, you still need to undertake a good idea but you’ll find that in spite of how good understanding you might think it is that you could still get rejected. Many marketable ideas are rejected all period. Even if it doesn’t make sense to you that they will reject a strategy that they agree could be profitable. Listed below are some common the actual reason why even marketable ideas are rejected.
1. A lot more claims may now have a full-line of providers not looking to add more.
2. Product or service is outside their marketplace.
3. You sent your submission to the wrong person in the company – don’t assume they’ll automatically send it off to the right one.
4. You sent the idea unsolicited without contacting corporation first to find their submission policy, and they usually rejected it solely on that essence.
5. You did not have proper contact regarding your submission move. (That is one of the highest mistakes Inventors make. Corporation will not bother for you to trace you down.)
6. Possess too many similar services that marketplace is flooded enough.
7. Your idea draws a small niche market and besides mass market items.
8. The cost to manufacture versus the return on investment is simply high.
9. Your sales sheet don’t WOW them and lacked consumer benefits information or was overloaded with a lot information to sort through.
10. Your products has already been patented by someone else and tend not to want to ascertain if they can go around it or risk infringement factors.
11. Your products or idea isn’t compared to what has already been on the actual marketplace. This tells them you did not research your idea perfectly well and do not need a clue who the competitors is in the industry.
12. You sent a product that is exactly like their current product and that current strategy is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or is on the downswing in order to what is departing from out the year after.
14. They already have a better solution than yours involving works for release that coming yr. (This is also where Inventors may scream the company stole their idea regardless of whether the company has already invested in molds, engineering, samples, 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 inventing.)
15. They have already received the identical idea from another Inventor and are currently in negotiations with that Inventor.
16. An individual posted your idea unprotected online in one of those new invention ideas posting sites where others vote on your product to see if there is interest. Your public disclosure makes company concerned whether any patent protection would be allowed and turns it down in accordance to that issue.
17. You posted your unprotected idea and video of the significant prototype on youtube and possess a significant quantity of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you have an issued patent, however they perform quick explore your patent they identify that it has lapsed due to non-payment of fees and it’s been lapsed significantly following due encounter. Making the chances of it being reinstated unlikely.
19. There are any patent, can be challenging was poorly written and doesn’t cover the actual product. (This happens a lot)
20. You will have a design patent and designing around your patent is a straightforward task, which means they can get very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t from outside ideas and doesn’t publicize that fact. So you get a rejection letter, but it doesn’t explain they never look right out of the company.
22. You sent them your product but they have already decided on their line for that year and therefore following year and aren’t open to taking on anything else at period.
23. Really don’t consider items with a sales history they can review your item never been in production or sold stores or online. To ensure that do n’t want to take the risk getting the first company to offer it.
As I stated above these are only a few of the reasons abdominal muscles your idea/product rejected the company. Really take time to do your research and understand inventhelp store products your market, your put into that market and homework part different yourself as marketable as is feasible.