Many Inventors trying to generate their product ideas promote are totally crushed by rejection. So, I thought I would provide a list of some of your reasons you could have gotten terminated. It does not cover every reason you can get rejected, but hopefully wanted something to look at.
You really have to realize that inventing is fundamentally a numbers competition! Yes, you still need to own a good idea but you’ll find that it doesn’t matter how to pitch an invention to a company good an insurance policy you might imagine it is that gardeners can still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that they reject an image that they agree is usually profitable. Here are some common explanations why even marketable ideas are rejected.
1. The business may presently have a complete collection of services not wanting to add more.
2. Urge for food is outside their marketplace.
3. You sent your submission to the wrong part of the company – don’t assume they’ll automatically send it on the right one.
4. You sent the idea unsolicited without contacting group first recognize their submission policy, and they rejected it solely on that trigger.
5. You didn’t have proper contact information on your submission move. (That is one of the most effective mistakes Inventors make. An additional will not bother to be able to you decrease.)
6. They have too many similar products and that information mill flooded adequately.
7. Your idea interests a small niche market and would like mass market items.
8. The price to manufacture versus the return on investment is just too high.
9. Revenue sheet don’t WOW them and lacked consumer benefits information or was overloaded with a lot information to sort by simply.
10. Your product has recently been patented by someone else and they just don’t want to see if they should go around it or risk infringement issues.
11. Your product or idea isn’t much better than what is on market. This tells them you didn’t research your idea very nicely and do not need a clue who competitors is looking.
12. You sent a specific thing that is exactly like their current product and that current technique are a marginal seller. So yours won’t fare any better.
13. Your idea is outdated or is on the downswing in order to what isn’t too far off out the year after.
14. They already have a better solution than yours the actual world works for release that coming calendar months. (This is also where Inventors may scream the company stole their idea even when 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 are not the sole ones inventing.)
15. They have already received a similar idea from another Inventor Inventhelp Inventor Stories and are currently in negotiations with this Inventor.
16. Include posted your idea unprotected online in a of those invention posting sites where others vote on your products to find out there is interest. Your public disclosure makes the concerned whether any patent protection would be allowed and turns it down depending that issue.
17. You posted your unprotected idea and video of the functional prototype online and have a significant regarding hits. It can 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 write a quick search on your patent they discover that it has lapsed due to non-payment of fees and allows been lapsed significantly past the due encounter. Making the chances of it being reinstated unlikely.
19. You’ve got patent, nevertheless was poorly written and does not cover the particular product. (This happens a lot)
20. You will have a design patent and designing around your patent is an easy task, which means they can expect very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t take a outside ideas and does not publicize everyone. So you get a rejection letter, but which are explain they just don’t look away from company.
22. You sent them your product but these have decided on their line for the year or that the following year and are not open to taking on anything else at that time.
23. Simply consider items with a sales history they can review and your item has never been in production or sold stores or online. So that they really do not need to consider the risk for being the first company selling it.
As I stated above these are simply a few within the reasons you can have your idea/product rejected with company. Really take time to plumbing service and understand your market, your invest that market and do your part to make yourself as marketable as we possibly can.