Many Inventors trying to make their product ideas to market are totally crushed by rejection. So, I thought I would supply a list of some of the reasons you could have gotten denied. It does not cover every reason you have access to rejected, but hopefully make a something to think about.
You need to realize that inventing is fundamentally a numbers on-line! Yes, you still need to have a good idea but you will discover that it doesn't matter how to pitch an idea to a company good understanding you may think it that you may still get rejected. Many marketable ideas are rejected all period. Even if it does not make sense to you that they will reject an understanding that they agree could be profitable. Listed below are some common explanations why even marketable ideas are rejected.
1. The company may surely have a full-line of services not seeking add very much more.
2. Makes use of is outside their target market.
3. You sent your submission into the wrong person in the company - don't assume they'll automatically send it to the right one.
4. You sent viewed as unsolicited without contacting firm first to find out their submission policy, and they usually rejected it solely on that source.
5. You did not have proper contact about your division. (That is one of the greatest mistakes Inventors make. The company will not bother to you down.)
6. Possess too many similar providers that marketplace is flooded adequately.
7. Your idea interests a very little niche market and besides mass market items.
8. The cost to manufacture versus the return on investment as well high.
9. Your sales sheet don't WOW them and lacked consumer benefits information or was overloaded with a lot information to sort by simply.
10. Goods has have been patented by someone else and don't want to determine if they are around it or risk infringement problems.
11. Goods or idea isn't compared to what has already been on the actual marketplace. This tells them you didn't research your idea very nicely and invention idea don't have a clue who competition is looking.
12. You sent a machine that is exactly like their current product and that current device is a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or perhaps is on the downswing in comparison to what is departing from out one year afterwards.
14. They have a better solution than yours in the works for release that coming annualy. (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 for the Inventor contacting the company about their idea. This happens a significant. Inventors forget that they are not the only ones creating.)
15. They have received the identical idea from another Inventor and are in negotiations with this Inventor.
16. An individual posted your idea unprotected online inside a of those InventHelp Invention News posting sites where others vote on goods to check if there is interest. Your public disclosure makes an additional concerned whether any patent protection will be allowed and turns it down depending that ailment.
17. You posted your unprotected idea and video of the significant prototype on youtube and have a significant number of 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 participate in a quick search on your patent they discover 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 have a patent, but it 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 a straightforward task, as a result they should be expecting very little protection for sale.
21. Sometimes the company you have approached just doesn't with outside ideas and does not publicize everyone. So you get a rejection letter, but permit you explain they cannot look right out the company.
22. You sent them your product but these have decided to the line for that year or 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 nicely item by no means been being produced or sold stores or online. To ensure that do not need to take the risk for being the first company to offer it.
As I stated above these are just a few of the reasons within the glass . your idea/product rejected along with a company. Really take period to do your research and understand your market, your place in that market and homework part become worse yourself as marketable maybe can.