Many Inventors trying to get their product ideas to market are totally crushed by rejection. So, I thought I would supply a list of some belonging to the reasons you could obtain gotten terminated. 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 competition! Yes, you still need to have a good idea but you will discover that in spite of how good an insurance policy you might imagine it is that you could still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that they will reject an idea that they agree could be profitable. Listed below are some common the logic behind why even marketable ideas are rejected.
1. The company may have also a full-line of products and not seeking add much more.
2. Make use of this is outside their target market.
3. You sent your submission to the wrong person in the company – don’t assume they’ll automatically send it to the right one.
4. You sent one does this program unsolicited without contacting firm first to observe their submission policy, and they rejected it solely on that basis.
5. You did not have proper contact about your submission move. (That is one of the most mistakes Inventors make. Corporation will not bother to track you on paper.)
6. Include too many similar services that sector is flooded enough.
7. Your idea attracts a little niche market and they want mass market items.
8. The cost to manufacture versus the return on investment as well high.
9. Your sales sheet didnrrrt WOW them and lacked consumer benefits information or was overloaded with significantly information to sort through.
10. Your product has recently been patented by someone else and don’t want to find out if they goes around it or risk infringement elements.
11. Goods or idea isn’t better than what is already on the actual marketplace. This tells them you did not research your idea well and do not need a clue who competition is that are available.
12. You sent a product that is precisely like their current product and that current product is a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or perhaps on the downswing in comparison to what will be coming out the following year.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 although 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 only ones inventing.)
15. These have received the identical idea from another Inventor and are currently in negotiations with that Inventor.
16. Include posted your idea unprotected online in one of those invention posting sites where others vote on goods to see whether there is interest. Your public disclosure makes the concerned whether any patent protection properly allowed and turns it down in keeping with that ailment.
17. You posted your unprotected idea and video of the working prototype online and possess 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 have an issued patent, however they begin a quick look up your patent they make it a point it has lapsed due to non-payment of fees and allows been lapsed significantly over the due encounter. Making the chances of it being reinstated unlikely.
19. You’ve a patent, truly was poorly written and inventhelp inventions store also cover the particular product. (This happens a lot)
20. You will have a design patent and designing around your patent is an easy task, meaning that they should expect very little protection that can be found.
21. Sometimes the company you have approached just doesn’t take a outside ideas and doesn’t publicize that fact. So you get a rejection letter, patent an invention but won’t matter explain they cannot look away from company.
22. You sent them your product but they have already decided their very own line for freelistingsrenttoownhomes.com the year and therefore following year and are not open to taking on anything else at that time.
23. They only consider items with a sales history they can review together item has never been in production or sold stores or online. So that they really do not want to consider the risk becoming the first company selling it.
As I stated above these are only a few within the reasons within the glass . your idea/product rejected the company. Really take period to do your research and understand your market, your invest that market and homework part become worse yourself as marketable as is feasible.