Many Inventors trying to get their product ideas to market are totally crushed by rejection. So, I thought I would supply a regarding some of this reasons you should have gotten cast off. It does not cover every reason you can get rejected, but hopefully plans and ideas something to think about.
You wish to realize that inventing is fundamentally a numbers game! Yes, you still need to own a good idea but you’ll find that no matter how good a perception you could imagine 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 would reject an image that they agree could be profitable. Listed below are some common purposes why even marketable inventions ideas are rejected.
1. This company may already have a full line of providers not looking to add more.
2. Urge for food is outside their target market.
3. You sent your submission for the wrong an associate the company – don’t assume they’ll automatically send it to the right one.
4. You sent premise unsolicited without contacting group first to find out their submission policy, and they rejected it solely on that trigger.
5. You did not have proper contact information on your division. (That is one of the most mistakes Inventors make. Corporation will not bother to track you on paper.)
6. They’ve got too many similar products and Buckcovington7.Wordpress.Com that market is flooded enough.
7. Your idea appeals to a minimal niche market and besides mass market items.
8. The cost to manufacture versus the return on investment is simply high.
9. Revenue sheet don’t WOW them and lacked consumer benefits information or was overloaded with a lot information to sort through.
10. Goods has already been patented by someone else and they just don’t want to ascertain if they can go around it or risk infringement trouble.
11. Goods or idea isn’t better than what is already on the marketplace. This tells them you did not research your idea perfectly well and don’t need a clue who competition is thats available.
12. You sent a procedure that is just like their current product and that current strategy is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or perhaps is on the downswing compared to what is coming out one year afterwards.
14. They have a better solution than yours in the works for release that coming calendar months. (This is also where Inventors may scream the company stole their idea whether or not the company has already invested in molds, engineering, samples, etc prior into the Inventor contacting the company about their idea. Takes place a masse. Inventors forget that they are not the sole ones creating.)
15. They have already received another similar idea from another Inventor and are developed in negotiations with this Inventor.
16. You need to posted your idea unprotected online inside a of those invention posting sites where others vote on your products to check if there is interest. Your public disclosure makes company concerned whether any patent protection would eventually be allowed and turns it down based on that issue.
17. You posted your unprotected idea and video of the significant prototype on youtube and have a significant connected with hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you own an issued patent, however they perform quick explore your patent they make it a point it has lapsed due to non-payment of fees and it’s been lapsed significantly after due associate with. Making the chances of it being reinstated unlikely.
19. You’ve got patent, nevertheless was poorly written and does not cover the actual product. (This happens a lot)
20. You then have a design patent and designing around your patent is a straightforward task, as a result they can get very little protection for sale.
21. Sometimes the company you have approached just doesn’t with outside ideas and doesn’t publicize that fact. So you get a rejection letter, but it doesn’t explain they just don’t look away from company.
22. You sent them your product but they have already decided their very own line for the year and therefore following year and aren’t open to taking on anything else at that time.
23. They only consider items with a sales history they can review and then your item by no means been in production or sold stores or online. To ensure that do n’t want to go ahead and take risk becoming the first company to offer it.
As I stated above these are a few belonging to the reasons abdominal muscles your idea/product rejected a new company. Really take period to on your own and understand your market, your put into that market and seek information part to create yourself as marketable as it can.