Many Inventors trying to give their product ideas inventions to push are totally crushed by rejection. So, I thought I would supply a regarding some of this reasons you can get gotten terminated. It does not cover every reason you have access to rejected, but hopefully plans and ideas something to look at.
You really have to realize that inventing is fundamentally a numbers game! Yes, you still need to enjoy a good idea but you will discover that regardless how good understanding 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 will reject an image that they agree could be profitable. Here are some common reasons why even marketable ideas are rejected.
1. The business may surely have a full line of services not trying to add very much more.
2. Product or service is outside their marketplace.
3. You sent your submission towards wrong an associate the company – don’t assume they’ll automatically send it off to the right one.
4. You sent one does this program unsolicited without contacting the company first recognize their submission policy, and they usually rejected it solely on that source.
5. You didn’t have proper contact regarding your entry. (That is one of the greatest mistakes Inventors make. An additional will not bother to monitor you on paper.)
6. Contain too many similar providers that marketplace is flooded a sufficient quantity of.
7. Your idea draws a little niche market and desire mass market items.
8. Costly to manufacture versus the return on investment is simply high.
9. Income sheet don’t WOW them and lacked consumer benefits information or was overloaded with too much information to sort by simply.
10. Goods has happened to be patented by someone else and don’t want to determine if they can go around it or risk infringement problems.
11. Your products or idea isn’t much better than what is on the. This tells them you didn’t research your idea okay and don’t need a clue who competition is in the industry.
12. You sent a specific thing that is strictly like their current product and that current product 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 Your idea is outdated or perhaps is on the downswing in comparison to what will be coming out one year afterwards.
14. They have a better solution than yours their works for release that coming year. (This is also where Inventors may scream the company stole their idea although the company has already invested in molds, engineering, samples, etc prior into the Inventor contacting the company about their idea. Takes place a lot. Inventors forget that they are not the only ones creating.)
15. They have received a comparable idea from another Inventor and are typically negotiations with that Inventor.
16. Include posted your idea unprotected online a single of those invention posting sites where others vote on goods to verify that there is interest. Your public disclosure makes the company concerned whether any patent protection properly allowed and turns it down derived from that give.
17. You posted your unprotected idea and video of the important prototype online and have a significant number of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated which you’ve got an issued patent, yet if they do a quick browse your patent they identify that it has lapsed due to non-payment of fees and it has been lapsed significantly after due encounter. Making the chances of it being reinstated unlikely.
19. There’s a patent, and it was poorly written and doesn’t cover the actual product. (This happens a lot)
20. You have a design patent and designing around your patent is an easy task, so that they can expect very little protection that can be found.
21. Sometimes the company you have approached just doesn’t the outside ideas and doesn’t publicize that fact. So you get a rejection letter, but which are explain they just don’t look beyond the company.
22. You sent them your product but these have decided to the line for the year or that the following year and are not open to taking on anything else at that time.
23. Sufficiently consider items with a sales history they can review together item never been being produced or sold stores or inventhelp caveman commercials online. So do not need to consider the risk becoming the first company to offer it.
As I stated above these are simply a few belonging to the reasons you should have your idea/product rejected a new company. Really take time to do your research and understand your market, your invest that market and do your part to make yourself as marketable as it can.