Many Inventors trying to generate their product ideas selling are totally crushed by rejection. So, I thought I gives a regarding some of your reasons you could obtain 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 on the net game! Yes, you still need to get a good idea but you’ll find that no matter how good understanding you might think it is that you could still get rejected. Many marketable ideas are rejected all time. Even if it doesn’t make sense to you that they will reject an example that they agree would be profitable. Here are a couple common the logic behind why even marketable ideas are rejected.
1. This company may presently have a full line of services not trying to add very much more.
2. The product is outside their marketplace.
3. You sent your submission towards wrong person in the company – don’t assume they’ll automatically send it on the right one.
5. You didn’t have proper contact regarding your submission move. (That is one of the most effective mistakes Inventors make. The machines will not bother to you on paper.)
6. They’ve got too many similar providers that market is flooded enough.
7. Your idea interests a very little niche market and besides mass market items.
8. Costly to manufacture versus the return on investment is simply high.
9. Revenue sheet did not WOW them and lacked consumer benefits information or was overloaded with a lot information to sort through.
10. Your products has recently been patented by someone else and tend not to want to see if they goes around it or risk infringement factors.
11. Your products or idea isn’t compared to what is on the. This tells them you did not research your idea very well and do not need a clue who your competition is in the market.
12. You sent a procedure that is strictly like their current product and that current technique are a marginal seller. So yours won’t fare much better.
13. Your idea is outdated or perhaps on the downswing in comparison to what will be coming out the next year.
14. They have a better solution than yours the actual world works for release that coming yr. (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 contacting the company about their idea. Goes on a significant. Inventors forget that they aren’t ones inventing.)
15. They have received to correct idea from another Inventor and are typically negotiations with that Inventor.
16. Include posted your idea unprotected online in a single of those invention posting sites where others vote on goods to see whether there is interest. Your public disclosure makes the company concerned whether any patent protection would eventually be allowed and turns it down based on that issue.
17. You posted your unprotected idea and video of the functional prototype online and possess a significant connected with hits. It can 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 do a quick look on your patent they noticed that it has lapsed thanks to non-payment of fees and it’s been lapsed significantly past the due date. Making the chances of it being reinstated unlikely.
19. You’ve got patent, nevertheless 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 an idea is a simple task, which means they should be expecting very little protection for sale.
21. Sometimes the company you have approached just doesn’t from outside ideas and doesn’t publicize individuals. So you get a rejection letter, but won’t matter explain they just don’t look right out the company.
22. You sent them your product but they have already decided on your 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 then your item has never been in production or sold stores or online. So that they really do not require to consider the risk for being the first company to encourage it.
As I stated above these are a few of the reasons your event may have your idea/product rejected with company. Really take the time to yourself and understand your market, your put into that market and seek information part things yourself as marketable as it can.