Many Inventors trying to get their product ideas to push are totally crushed by rejection. So, I thought I gives you a list of some for the reasons you really can have gotten terminated. It does not cover every reason you have access to rejected, but hopefully wanted something to look into.
You wish to realize that inventing is fundamentally a numbers competition! Yes, you still need to own a good idea but you will find that it doesn’t matter how good an inspiration you may believe it is that you may still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that they reject an understanding that they agree would be profitable. Below are some common reasons why even marketable ideas are rejected.
1. The company may now have a complete collection of providers not desperate to add very much more.
2. Urge for food is outside their marketplace.
3. You sent your submission towards the wrong an associate the company – don’t assume they’ll automatically send it off to the right one.
4. You sent premise unsolicited without contacting vehicle first to find out their submission policy, plus they also rejected it solely on that trigger.
5. You didn’t have proper contact about your the distribution. (That is one of the most mistakes Inventors make. The machines will not bother to track you up.)
6. Contain too many similar providers that marketplace is flooded proper.
7. Your idea appeals to a minimal niche market and desire mass market items.
8. Value to manufacture versus the return on investment as well high.
9. Profits sheet did not WOW them and lacked consumer benefits information or was overloaded with a lot information to sort through.
10. Your products has already been patented by someone else and don’t want to see if they are around it or risk infringement factors.
11. Your product or idea isn’t better than what is already on the market. This tells them you did not research your idea very nicely and product patent do not need a clue who competitors is in the industry.
12. You sent a service or product that is just like their current product and that current set up is a marginal seller. So yours will not fare much better.
13. Your idea is outdated or is on the downswing when what is on its way out a year later.
14. They already have a better solution than yours within works for release that coming yr. (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior for the Inventor contacting the company about their idea. Goes on a entire lot. Inventors forget that they are not the only ones inventing.)
15. They have already received another similar idea from another Inventor and are typically negotiations with that Inventor.
16. Include posted your idea unprotected online in one of those invention posting sites where others vote on goods to verify that there is interest. Your public disclosure makes the actual concerned whether any patent protection would be allowed and turns it down in accordance to that give.
17. You posted your unprotected idea and video of the important prototype online and have a significant involving 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, however they begin a quick search on your patent they noticed that it has lapsed due to non-payment of fees and it’s been lapsed significantly after due the present day. Making the chances of it being reinstated unlikely.
19. You’ve a patent, can be challenging was poorly written as well as cover specific product. (This happens a lot)
20. You will have a design patent and designing around your patent is a simple 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 permit you explain they cannot look outside the company.
22. You sent them your product but they have decided on their line for that year or the following year and technology aren’t open to taking on anything else at that time.
23. Simply consider items with a sales history they can review together item never been being produced or sold stores or online. In order that they do n’t want to take the risk to become the first company to encourage it.
As I stated above these are just a few within the reasons you can have your idea/product rejected a new company. Really take time to research the offers completely and understand your market, your place in that market and do your part become worse yourself as marketable as possible.