Many Inventors trying to get their product ideas For Inventions selling are totally crushed by rejection. So, I thought I would supply a list of some belonging to the reasons you can get gotten discarded. It does not cover every reason you can get rejected, but hopefully wanted something to look into.
You truly realize that inventing is fundamentally a numbers on-line! Yes, you still need to have a good idea but you’ll find that in spite of how good an insurance policy you might imagine it is you can still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that would likely reject an understanding that they agree could be profitable. Here are a couple common purposes why even marketable ideas are rejected.
1. They may already have a full line of products and not seeking add much more.
2. Product or service is outside their target market.
3. You sent your submission towards wrong an affiliate the company – don’t assume they’ll automatically send it on the right one.
4. You sent the idea unsolicited without contacting vehicle first to find their submission policy, and they usually rejected it solely on that basis.
5. You did not have proper contact about your entry. (That is one of the greatest mistakes Inventors make. The corporation will not bother to monitor you up.)
6. Possess too many similar products and that marketplace is flooded a sufficient quantity of.
7. Your idea draws a minimal niche market and besides mass market items.
8. Price of to manufacture versus the return on investment is simply high.
9. Income sheet don’t WOW them and lacked consumer benefits information or was overloaded with significantly information to sort because of.
10. Goods has already been patented by someone else and they just don’t want to determine if they might go around it or risk infringement elements.
11. Your product or idea isn’t much better what is on market. This tells them you did not research your idea well and don’t have a clue who competition is that are available.
12. You sent a service or product that is just like their current product and that current technique are a marginal seller. So yours will not fare much better.
13. Your idea is outdated or perhaps is on the downswing whenever compared with what is on its way out the following year.
14. They 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 whether or not the company has already invested in molds, engineering, samples, etc prior into the Inventor contacting the company about their idea. Goes on a wonderful deal. Inventors forget that they are not the only ones creating.)
15. These have received another similar invention idea from another Inventor and are developed in negotiations with that Inventor.
16. You need to posted your idea unprotected online in a of those new invention ideas posting sites where others vote on your product to see whether there is interest. Your public disclosure makes the 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 functional prototype on youtube and have a significant connected with hits. It can raises the concern whether any patent would be possible because of your public disclosure.
18. You stated which you’ve got an issued patent, but when they write a quick look on your patent they see that it has lapsed resulting from non-payment of fees and allows been lapsed significantly beyond the due marry. Making the chances of it being reinstated unlikely.
19. You’ve got patent, truly was poorly written as well as cover the actual product. (This happens a lot)
20. It is easy to design patent and designing around your patent is a simple task, so that 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 everyone. So you get a rejection letter, but which are explain they just don’t look outside the company.
22. You sent them your product but these have decided to the line for the year or that the following year and are not open to taking on anything else at period.
23. Simply consider items with a sales history they can review your item never been in production or sold stores or online. In order that they do not need to consider the risk to become the first company to offer it.
As I stated above these are just a few belonging to the reasons you should have your idea/product rejected the company. Really take time to do your research and understand your market, your invest that market and do your part different yourself as marketable as it can.