Many Inventors trying to generate their product ideas selling are totally crushed by rejection. So, I thought I offers a regarding some of this reasons you should have gotten rejected. It does not cover every reason you can get rejected, but hopefully it will give you something to look at.
You want realize that inventing is fundamentally a numbers game! Yes, you still need to own a good idea but you will find that no matter how to Pitch an idea to A company good an insurance policy you might imagine it is you can still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that they reject an idea that they agree that i see profitable. Here are some common reasons why even marketable ideas are rejected.
1. They may now have a full-line of providers not trying to add much more.
2. Urge for food is outside their target market.
3. You sent your submission towards the wrong person in the company – don’t assume they’ll automatically send it off to the right one.
4. You sent are interested to produce unsolicited without contacting vehicle first to check their submission policy, and they rejected it solely on that source.
5. You did not have proper contact regarding your entry. (That is one of the highest mistakes Inventors make. An additional will not bother to monitor you on paper.)
6. Contain too many similar products and that marketplace is flooded proper.
7. Your idea interests a very little niche market and they want mass market items.
8. The price to manufacture versus the return on investment is simply high.
9. Income sheet never did WOW them and lacked consumer benefits information or was overloaded with a lot information to sort by simply.
10. Your product has happened to be patented by someone else and they just don’t want to ascertain if they are around it or risk infringement trouble.
11. Your products or idea isn’t much better than what is already on the marketplace. This tells them you didn’t research your idea perfectly well and won’t have a clue who competitors is in the market.
12. You sent a specific thing that is just like their current product and that current product is a marginal seller. So yours won’t fare any better.
13. Your idea is outdated or possibly on the downswing in comparison to what will be coming out one year afterwards.
14. They 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 even when the company has already invested in molds, engineering, samples, etc prior on the Inventor contacting the company about their idea. This happens a masse. Inventors forget that they are not the only ones creating.)
15. They have received a similar idea from another Inventor and are working negotiations with that Inventor.
16. A person posted your idea unprotected online in a of those invention posting sites where others vote on your product to check if there is interest. Your public disclosure makes company concerned whether any patent protection would be allowed and turns it down based on that ailment.
17. You posted your unprotected idea and video of the functional prototype on youtube and possess a significant regarding hits. It can raises the concern whether any patent would be possible because of your public disclosure.
18. You stated which you’ve got an issued patent, help to they perform quick search on your patent they noticed that it has lapsed by way of non-payment of fees and it’s been lapsed significantly beyond the due encounter. Making the chances of it being reinstated unlikely.
19. You’ve a patent, truly was poorly written and doesn’t cover far more product. (This happens a lot)
20. You then have a design patent and designing around your patent is a straightforward task, meaning that they can expect very little protection for sale.
21. Sometimes the company you have approached just doesn’t with outside ideas and doesn’t publicize everyone. So you get a rejection letter, InventHelp Patent Referral Services but won’t matter explain they cannot look outside the company.
22. You sent them your product but they have already decided their very own line for the year or the following year and aren’t open to taking on anything else at period.
23. The right amount . consider items with a sales history they can review your item has never been being produced or sold stores or online. To ensure that do n’t need to go ahead and take risk getting the first company to market it.
As I stated above these are only a few belonging to the reasons abdominal muscles your idea/product rejected a new ideas for inventions company. Really take the time to on your own and understand your market, your place in that market and homework part to create yourself as marketable maybe can.