Many Inventors trying to get their product ideas to market are totally crushed by rejection. So, I thought I offers a regarding some belonging to the reasons you really can have gotten denied. It does not cover every reason you can get rejected, but hopefully plans and ideas something start thinking about.
You wish to realize that inventing is fundamentally a numbers gameplay! Yes, you still need to own a good idea but you’ll find that regardless how good an idea you might think it is that gardeners can still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that would likely reject an idea that they agree would be profitable. Here are some common purposes why even marketable ideas are rejected.
1. The company may presently have a full-line of products and not trying to add much more.
2. Make use of this is outside their target market.
3. You sent your submission for the wrong an associate the company – don’t assume they’ll automatically send it on the right one.
4. You sent the idea unsolicited without contacting the company first to find their submission policy, and they usually rejected it solely on that source.
5. You did not have proper contact about your division. (That is one of the highest mistakes Inventors make. An additional will not bother for you to trace you down.)
6. They’ve got too many similar providers that companies are flooded a sufficient quantity of.
7. Your idea draws a very little niche market and they want mass market items.
8. Costly to manufacture versus the return on investment is too high.
9. Revenue sheet don’t WOW them and lacked consumer benefits information or was overloaded with significantly information to sort indicates of.
10. Goods has been really patented by someone else and they just don’t want to determine if they might go around it or risk infringement trouble.
11. Your products or idea isn’t much better than what has already been on the marketplace. This tells them you did not research your idea perfectly well and don’t need a clue who competitors is in the industry.
12. You sent a product that is just like their current product and that current strategy is a marginal seller. So yours won’t fare any benefit.
13. Your idea is outdated or perhaps on the downswing whenever compared with what is on its way out a year later.
14. They already have a better solution than yours in the works for release that coming year. (This is also where Inventors may scream the company stole their idea whether or not the company has already invested in molds, engineering, samples, etc prior to your Inventor contacting the company about their idea. Goes on a masse. Inventors forget that they are not the only ones creating.)
15. They have received another similar idea from another Inventor and are currently in negotiations with this Inventor.
16. An individual posted your idea unprotected online inside a of those invention posting sites where others vote on your product to find out there is interest. Your public disclosure makes the company concerned whether any patent protection properly allowed and turns it down depending that give.
17. You posted your unprotected idea and video of the working prototype on youtube and have a significant involving hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you own an issued patent, whenever they perform quick look on your patent they identify that it has lapsed thanks to non-payment of fees and features been lapsed significantly past the due date. Making the chances of it being reinstated unlikely.
19. You’ve got patent invention, but it was poorly written as well as cover a lot more product. (This happens a lot)
20. There is design patent and designing around your patent is a straightforward task, so that they can get very little protection for sale.
21. Sometimes the company you have approached just doesn’t the outside ideas and doesn’t publicize everyone. So you get a rejection letter, but permit you explain they just do not look beyond the company.
22. You sent them your product idea but they have decided on their line for that year and therefore following year and are not open to taking on anything else at period.
23. They only consider items with a sales history they can review and then your item by no means been being produced or sold stores or online. So do n’t need to take the risk getting the first company to encourage it.
As I stated above these are just a few with the reasons your event may have your idea/product rejected the company. Really take time to on your own and understand your market, your put in that market and do your part different yourself as marketable maybe can.