Many Inventors trying to give their product ideas selling are totally crushed by rejection. So, I thought I would supply a regarding some of this reasons you really can have gotten discarded. It does not cover every reason you can get rejected, but hopefully it will give you something to think about.
You truly realize that inventing is fundamentally a numbers game! Yes, you still need to undertake a good idea but you’ll find that no matter how good a perception you may believe it is you can still get rejected. Many marketable ideas are rejected all time. Even if it doesn’t make sense to you that would certainly reject a strategy that they agree is usually profitable. Listed below are some common purposes why even marketable ideas are rejected.
1. The company may surely have a full-line of services not looking to add somewhat more.
2. Make use of this is outside their marketplace.
3. You sent your submission for the wrong person in the company – don’t assume they’ll automatically send it right one.
4. You sent the idea unsolicited without contacting corporation first to find their submission policy, to begin with rejected it solely on that agreement.
5. You did not have proper contact about your the distribution. (That is one of the greatest mistakes Inventors make. An additional will not bother to track you down.)
6. Include too many similar providers that companies are flooded adequately.
7. Your idea interests a minimal niche market and besides mass market items.
8. Value 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 through.
10. Your product has been really patented by someone else and tend not to want to find out if they should go around it or risk infringement problems.
11. Goods or idea isn’t much better than what has already been on the. This tells them you didn’t research your idea very nicely and don’t own a clue who competitors is looking.
12. You sent a specific thing that is just like their current product and that current product is a marginal seller. So yours won’t fare any benefit.
13. Your idea is outdated or is on the downswing in order to what is on its way out the following year.
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 even when the company has already invested in molds, engineering, samples, etc prior into the Inventor contacting the company about their idea. This takes place a significant. Inventors forget that they are not the sole ones creating.)
15. They have received another similar idea from another Inventor and are developed in negotiations with that Inventor.
16. Include posted your idea unprotected online inside a of those new invention ideas posting sites where others vote on your product to see if there is interest. Your public disclosure makes the company concerned whether any patent protection would eventually be allowed and thatbodysculptingsystemthis.blogspot.com turns it down derived from that send.
17. You posted your unprotected idea and video of the running prototype on youtube and have 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 own an issued patent, but when they participate in a quick look up your patent they noticed that it has lapsed resulting from non-payment of fees and it’s been lapsed significantly over the due marry. Making the chances of it being reinstated unlikely.
19. There’s a patent, and it was poorly written and will not cover the actual product. (This happens a lot)
20. You will have a design patent and designing around your patent is an easy task, so that they should expect very little protection in the industry.
21. Sometimes the company you have approached just doesn’t take a outside ideas and doesn’t publicize i don’t know. So you get a rejection letter, but websites explain they just don’t look beyond the company.
22. You sent them your product but they have decided on their line for nordpol.kinja.com that year and therefore following year and are not open to taking on anything else at period.
23. Sufficiently consider items with a sales history they can review your item by no means been being produced or sold stores or online. So do not need to take the risk becoming the first company to market it.
As I stated above these are just a few with the reasons you can have your idea/product rejected with company. Really take time to research the offers completely and understand your market, your commit that market and seek information part different yourself as marketable as we possibly can.