Many Inventors trying to get their product ideas selling are totally crushed by rejection. So, I thought I would provide a connected with some belonging to the reasons you really can have gotten denied. It does not cover every reason you could get rejected, but hopefully plans and ideas something to think about.
You need to realize that inventing is fundamentally a numbers game! Yes, you still need to get a good idea but you’ll find that no matter how good an insurance policy you could imagine it is that you may still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that they will reject a strategy that they agree would be profitable. Below are some common the actual reason why even marketable ideas are rejected.
1. They may already have a full line of providers 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 on the right one.
4. You sent the idea unsolicited without contacting firm first to find their submission policy, and they rejected it solely on that agreement.
5. You didn’t have proper contact regarding your entry. (That is one of the greatest mistakes Inventors make. The corporation will not bother to track you on paper.)
6. Contain too many similar services that market is flooded proper.
7. Your idea interests a little niche market and they want mass market items.
8. Price of to manufacture versus the return on investment is too high.
9. Profits sheet in order to WOW them and lacked consumer benefits information or was overloaded with significantly information to sort with the aid of.
10. Your products has have been patented by someone else and tend not to want to see if they can go around it or risk infringement problems.
11. Your products or idea isn’t compared to what is definitely on the. This tells them you didn’t research your idea perfectly well and won’t have a clue who the competitors is looking.
12. You sent a machine 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 Your idea is outdated or perhaps on the downswing whenever compared with what isn’t too far off out the following year.
14. They already 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 whether or not the company has already invested in molds, engineering, samples, etc prior to your Inventor contacting the company about their idea. This takes place a entire lot. Inventors forget that they aren’t the sole ones inventing.)
15. They have received the identical idea from another Inventor and are in negotiations with that Inventor.
16. You need to posted your idea unprotected online inside a of those invention posting sites where others vote on goods to verify that there is interest. Your public disclosure makes the concerned whether any patent protection will be allowed and turns it down derived from that ailment.
17. You posted your unprotected idea and video of the working prototype on youtube and possess a significant number of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated need an issued patent, how do you patent an idea help to they do a quick search on your patent they make it a point it has lapsed by way of non-payment of fees and www.pearltrees.com features been lapsed significantly beyond the due date. Making the chances of it being reinstated unlikely.
19. You’ve a patent, but it was poorly written and will not cover far more product. (This happens a lot)
20. It is easy to design patent and designing around your patent is a simple task, so that they should expect very little protection in the industry.
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 permit you explain they just don’t look right out of the company.
22. You sent them your product but these have decided on your line for the year and therefore following year and aren’t 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 InventHelp George Foreman sold stores or online. To ensure that do n’t need to go ahead and take risk to become the first company advertising it.
As I stated above these are simply a few with the reasons you can have your idea/product rejected by a company. Really take period to research the offers completely and understand your market, your invest that market and seek information part to create yourself as marketable as it can.