Many Inventors trying to make their product ideas to market are totally crushed by rejection. So, I thought I would provide a regarding some of the reasons you can get gotten discarded. It does not cover every reason you have access to rejected, but hopefully make a something to.
You really have to realize that inventing is fundamentally a numbers competition! Yes, you still need to own a good idea but you will find that in spite of how good understanding you could imagine it 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 would reject a strategy that they agree is usually profitable. Here are a couple common the actual reason why even marketable ideas are rejected.
1. The company may already have a full-line of services not looking to add alot more.
2. Product or service is outside their target market.
3. You sent your submission towards the wrong an affiliate the company – don’t assume they’ll automatically send it right one.
4. You sent viewed as unsolicited without contacting firm first to observe their submission policy, to begin with rejected it solely on that source.
5. You didn’t have proper contact about your entry. (That is one of the actual mistakes Inventors make. The machines will not bother to you up.)
6. They’ve got too many similar providers that sector is flooded a sufficient quantity of.
7. Your idea interests a very small niche market and would like mass market items.
8. Price of to manufacture versus the return on investment is simply high.
9. Income sheet never did WOW them and lacked consumer benefits information or was overloaded with great deal information to sort through.
10. Your product has happened to be patented by someone else and don’t want to find out if they should go around it or risk infringement elements.
11. Your products or idea isn’t much better than what has already been on market. This tells them you didn’t research your idea okay and don’t need a clue who the competitors is looking.
12. You sent a machine that is just like their current product and that current technique are a marginal seller. So yours won’t fare much better.
13. Your idea is outdated or is on the downswing when what is coming out the next year.
14. They already have a better solution than yours the actual world works for release that coming year. (This is also where Inventors may scream the company stole their idea although the company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. This takes place a lot. Inventors forget that they are not the sole ones inventing.)
15. They have already received the identical idea from another Inventor and are developed in negotiations with that Inventor.
16. You have posted your idea unprotected online a single of those invention posting sites where others vote on goods to check if there is interest. Your public disclosure makes the actual concerned whether any patent protection properly allowed and turns it down derived from that ailment.
17. You posted your unprotected idea and video of the functional prototype on youtube and possess a significant quantity of hits. It can raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you own an issued patent, but when they write a quick look on your patent they make it a point it has lapsed due to non-payment of fees and it’s been lapsed significantly beyond the due the present day. Making the chances of it being reinstated unlikely.
19. You have a patent, but it was poorly written and will not cover the particular product. (This happens a lot)
20. There is design patent ideas and designing around your patent is an easy task, to ensure that you they should expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t the outside ideas and doesn’t publicize i’m not sure. So you get a rejection letter, but it doesn’t explain they don’t really look away from company.
22. You sent them your product but they have decided about their line for that year or the following year and are not open to taking on anything else at period.
23. Simply consider items with a sales history they can InventHelp review and your item has never been in production or sold stores or online. In order that they do not want to consider the risk of being the first company to market it.
As I stated above these are just a few within the reasons within the glass . your idea/product rejected by a company. Really take time to plumbing service and understand your market, your invest that market and homework part become worse yourself as marketable as possible.