Many Inventors trying to get their product ideas selling are totally crushed by rejection. So, I thought I would provide a regarding some of your reasons you could have gotten rejected. It does not cover every reason you can get rejected, but hopefully make a something to.
You need to realize that inventing is fundamentally a numbers on-line! Yes, you still need to get a good idea but you will find that regardless how good understanding you could imagine it is that you could still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that would certainly reject an example that they agree that i see profitable. Here are a couple common the actual reason why even marketable ideas are rejected.
1. The company may presently have a complete collection of services not looking to add somewhat more.
2. product idea or service is outside their marketplace.
3. You sent your submission towards the wrong person in the company – don’t assume they’ll automatically send it right one.
4. You sent one does this program unsolicited without contacting group first to observe their submission policy, to begin with rejected it solely on that basis.
5. You did not have proper contact information on your submission. (That is one of the most effective mistakes Inventors make. The machines will not bother to be able to you alongside.)
6. They’ve got too many similar products and that sector is flooded adequately.
7. Your idea attracts a little 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 did not WOW them and lacked consumer benefits information or was overloaded with significantly information to sort by simply.
10. Goods has been really patented by someone else and want to see if they should go around it or risk infringement issues.
11. Goods or idea isn’t much better than what is already on market. This tells them you did not research your idea well and do not need a clue who the competitors is looking.
12. You sent a product that is precisely like their current product and that current device is a marginal seller. So yours won’t fare much better.
13. Your idea is outdated or possibly on the downswing in comparison to what isn’t too far off out the following year.
14. They already have a better solution than yours the actual world works for how to pitch an invention to a company 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 on the Inventor contacting the company about their idea. This happens a wonderful deal. Inventors forget that they aren’t the sole ones creating.)
15. They have received the identical idea from another Inventor and are working negotiations with that Inventor.
16. You need to posted your idea unprotected online inside a of those invention companies posting sites where others vote on goods to see whether there is interest. Your public disclosure makes the company concerned whether any patent protection may allowed and turns it down depending that ailment.
17. You posted your unprotected idea and video of the important prototype on youtube and have a significant connected with hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you have an issued patent, whenever they participate in a quick browse your patent they noticed that it has lapsed resulting from non-payment of fees and has now been lapsed significantly after due encounter. Making the chances of it being reinstated unlikely.
19. You’ve got patent, and it was poorly written and doesn’t cover far more product. (This happens a lot)
20. There is design patent and designing around your patent is an easy task, which means they should be expecting very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t the outside ideas and does not publicize that fact. So you get a rejection letter, but which are explain they never look away from company.
22. You sent them your product but they have decided to the line for the year or go with the following year and are not open to taking on anything else at that time.
23. Sufficiently consider items with a sales history they can review your item never been in production or sold stores or online. So they do not require to take the risk for being the first company advertising it.
As I stated above these are just a few belonging to the reasons your event may have your idea/product rejected by a company. Really take period to on your own and understand your market, your put into that market and plenty of research part to create yourself as marketable maybe can.