Many Inventors trying to get their product ideas to market are totally crushed by rejection. So, I thought I would provide a connected with some of your reasons you really can have gotten denied. It does not cover every reason you have access to rejected, but hopefully wanted something to look at.
You wish to realize that inventing is fundamentally a numbers on the net game! Yes, you still need to have a good idea but you will find that no matter how good a perception you may think it is that you could still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that they would reject a strategy that they agree could be profitable. Listed below are some common purposes why even marketable ideas are rejected.
1. The business may surely have a full line of services not seeking add much more.
2. Makes use of is outside their target market.
3. You sent your submission towards wrong an associate the company – don’t assume they’ll automatically send it on the right one.
4. You sent are interested to produce unsolicited without contacting the company first to observe their submission policy, in addition they rejected it solely on that basis.
5. You didn’t have proper contact about your submission. (That is one of the greatest mistakes Inventors make. The company will not bother to monitor you decrease.)
6. They have too many similar providers that companies are flooded a sufficient quantity of.
7. Your idea appeals to a small niche market and they want mass market items.
8. Costly to manufacture versus the return on investment is simply high.
9. Profits sheet did not WOW them and lacked consumer benefits information or was overloaded with a good deal information to sort by simply.
10. Your product has already been patented by someone else and they just don’t want to see if they can go around it or risk infringement issues.
11. Your products or idea isn’t much better than what to do with an invention idea is on market. This tells them you did not research your idea very nicely and won’t have a clue who competition is in the market.
12. You sent a machine that is just like their current product and that current technique are a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or is on the downswing whenever compared with what is on its way out one year afterwards.
14. They already have a better solution than yours within 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 for the Inventor contacting the company about their idea. Takes place a masse. Inventors forget that they are not the only ones inventing.)
15. They have already received to correct idea from another Inventor and are typically negotiations with that Inventor.
16. A person posted your idea unprotected online in one of those invention posting sites where others vote on goods to find out there is interest. Your public disclosure makes company concerned whether any patent protection will be allowed and turns it down in accordance to that send.
17. You posted your unprotected idea and video of the important prototype on youtube and possess a significant connected with hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated need an issued patent, whenever they begin a quick search on your patent they discover that it has lapsed resulting from non-payment of fees and has now been lapsed significantly following due associate with. Making the chances of it being reinstated unlikely.
19. You have a patent, can be challenging was poorly written and doesn’t cover specific product. (This happens a lot)
20. It is easy to design patent and designing around your patent is a simple task, as a result they can get very little protection in the industry.
21. Sometimes the company you have approached just doesn’t the outside new ideas for inventions and does not publicize i don’t know. So you get a rejection letter, but it doesn’t explain they cannot look away from company.
22. You sent them your product but they have decided about their line for that year together with 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 together item has never been in production or sold stores or online. So do n’t need to consider the risk becoming the first company to encourage it.
As I stated above these are just a few of the reasons your event may have your idea/product idea rejected with company. Really take period to research the offers completely and understand your market, your put in that market and seek information part to create yourself as marketable as is feasible.