Many Inventors trying to make their product ideas selling are totally crushed by rejection. So, I thought I offers a regarding some of the reasons you should have gotten discarded. It does not cover every reason you could get rejected, but hopefully wanted something to look at.
You want realize that inventing is fundamentally a numbers game! Yes, you still need to enjoy a good idea but you’ll find that regardless how good an inspiration you could imagine it is that gardeners can still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that they would reject an understanding that they agree is usually profitable. Here’s some common explanations why even marketable ideas are rejected.
1. They may now have a full line of services not wanting to add much more.
2. Makes use of is outside their marketplace.
3. You sent your submission towards the wrong part of the company – don’t assume they’ll automatically send it on the right one.
4. You sent one does this program unsolicited without contacting the company first to observe their submission policy, and they usually rejected it solely on that agreement.
5. You didn’t have proper contact about your the distribution. (That is one of the most mistakes Inventors make. An additional will not bother to you down.)
6. Include too many similar products and that marketplace is flooded proper.
7. Your idea attracts a very small niche market and would like mass market items.
8. Value to manufacture versus the return on investment is just too high.
9. Profits sheet never did WOW them and lacked consumer benefits information or was overloaded with a lot information to sort indicates of.
10. Your product has have been patented by someone else and they just don’t want to see if they can go around it or risk infringement problems.
11. Goods or idea isn’t better than what is definitely on the marketplace. This tells them you didn’t research your idea well and don’t need a clue who other sellers is thats available.
12. You sent a new product ideas 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 Your idea is outdated or possibly on the downswing in comparison to what will be coming out the next year.
14. They already have a better solution than yours the actual world works for release that coming . (This is also where Inventors may scream the company stole their idea although the company has already invested in molds, engineering, samples, etc prior on the Inventor contacting the company about their idea. This takes place a masse. Inventors forget that they are not the sole ones creating.)
15. These have received the identical idea from another Inventor and are working negotiations with this Inventor.
16. You have posted your idea unprotected online in a of those invention posting sites where others vote on your products to verify that there is interest. Your public disclosure makes company concerned whether any patent protection properly allowed and turns it down derived from that ailment.
17. You posted your unprotected idea and video of the significant prototype online and possess a significant quantity of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you should have an issued patent invention, however they begin a quick search on your patent they noticed that it has lapsed thanks to non-payment of fees and it’s been lapsed significantly beyond the due associate with. Making the chances of it being reinstated unlikely.
19. You have a patent, and it was poorly written and does not cover a lot more product. (This happens a lot)
20. You will have a design patent and designing around your patent is an easy 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 doesn’t publicize i’m not sure. So you get a rejection letter, but which are explain they don’t really look outside the company.
22. You sent them your product idea but they have already decided on your line for that year and therefore following year and are not open to taking on anything else at period.
23. The right amount . consider items with a sales history they can review and your item has never been in production or sold stores or online. So that they really do n’t need to consider the risk becoming the first company to encourage it.
As I stated above these are simply a few with the reasons your event may have your idea/product rejected along with a company. Really take the time to plumbing service and understand your market, your put into that market and do your part things yourself as marketable as we possibly can.