Many Inventors trying to bring their product ideas promote are totally crushed by rejection. So, I thought I would supply a involving some of the reasons you could have gotten denied. It does not cover every reason you have access to rejected, but hopefully wanted something to.
You truly realize that inventing is fundamentally a numbers gameplay! Yes, you still need to undertake a good idea but you will discover that it doesn’t matter how good understanding you may believe it is that gardeners can still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that they will reject an example that they agree would be profitable. Listed below are some common the logic behind why even marketable new ideas for inventions are rejected.
1. This company may presently have a full-line of services not seeking add alot more.
2. The product is outside their marketplace.
3. You sent your submission towards the wrong part of the company – don’t assume they’ll automatically send it to the right one.
4. You sent are interested to produce unsolicited without contacting group first to find their submission policy, in addition they rejected it solely on that essence.
5. You didn’t have proper contact information on your the distribution. (That is one of the most mistakes Inventors make. Corporation will not bother for you to trace you up.)
6. They have too many similar products and that market is flooded plenty of.
7. Your idea draws a minimal niche market and they want mass market items.
8. Costly to manufacture versus the return on investment is simply high.
9. Revenue sheet don’t WOW them and lacked consumer benefits information or was overloaded with too much information to sort indicates of.
10. Goods has been really patented by someone else and want to find out if they should go around it or risk infringement elements.
11. Your products or idea isn’t better than what is on market. This tells them you did not research your idea okay and won’t have a clue who competitors is in the industry.
12. You sent a machine that is exactly like their current product and that current strategy is a marginal seller. So yours will not fare much better.
13. Your idea is outdated or maybe on the downswing in order to what is coming out the next year.
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 regardless of whether the company has already invested in molds, engineering, samples, etc prior on the Inventor how to patent your idea contacting the company about their idea. Goes on a wonderful deal. Inventors forget that they aren’t the sole ones inventing.)
15. They have already received to correct idea from another Inventor and are working negotiations with this Inventor.
16. A person posted your idea unprotected online in one of those invention patent posting sites where others vote on goods to verify that there is interest. Your public disclosure makes an additional concerned whether any patent protection may allowed and turns it down in keeping with that situation.
17. You posted your unprotected idea and video of the significant prototype on youtube and possess a significant involving hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated which you’ve got an issued patent, but when they do a quick look on your patent they make it a point it has lapsed resulting from non-payment of fees and it’s been lapsed significantly past the due associate with. Making the chances of it being reinstated unlikely.
19. There are any patent, and it was poorly written and does not cover specific product. (This happens a lot)
20. You will have a design patent and designing around your patent is an easy task, meaning that they can get very little protection in the industry.
21. Sometimes the company you have approached just doesn’t look at outside ideas and does not publicize that fact. So you get a rejection letter, but won’t matter explain they cannot look beyond the company.
22. You sent them your product but they have already decided their very own line for that year or go with the following year and aren’t open to taking on anything else at that time.
23. Simply consider items with a sales history they can review your item never been being produced or sold stores or online. In order that they do n’t need to consider the risk becoming the first company to offer it.
As I stated above these are simply a few belonging to the reasons your event may have your idea/product rejected by a company. Really take time to yourself and understand your market, your place in that market and homework part become worse yourself as marketable as we possibly can.