Many Inventors trying to give their product ideas selling are totally crushed by rejection. So, I thought I gives a report on some belonging to the reasons you can get gotten rejected. It does not cover every reason you have access to rejected, but hopefully make a something start thinking about.
You want realize that inventing is fundamentally a numbers game! Yes, you still need to own a good idea but you will discover that irrespective of how good a perception you might 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 reject an image that they agree that i see profitable. Here’s some common reasons why even marketable ideas are rejected.
1. The company may already have a full line of services not wanting to add much more.
2. Product or service is outside their target market.
3. You sent your submission towards wrong an associate the company – don’t assume they’ll automatically send it to the correct one.
4. You sent are interested to produce unsolicited without contacting group first to check their submission policy, and they rejected it solely on that source.
5. You did not have proper contact about your the distribution. (That is one of the most mistakes Inventors make. Corporation will not bother for you to trace you down.)
6. They’ve got too many similar products and that market is flooded plenty of.
7. Your idea interests a very small niche market and desire mass market items.
8. Price of to manufacture versus the return on investment is too high.
9. Revenue sheet didnrrrt WOW them and lacked consumer benefits information or was overloaded with too much information to sort by simply.
10. Your product has recently been patented by someone else and want to determine if they can go around it or risk infringement trouble.
11. Your products or idea isn’t much better than what has already been on market. This tells them you did not research your idea very nicely and do not need a clue who the competitors is looking.
12. You sent a product that is just 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 Your idea is outdated or maybe on the downswing in comparison to what isn’t too far off out the next year.
14. They have a better solution than yours involving works for release that coming yr. (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior community.bus.emory.edu to your Inventor contacting the company about their idea. This takes place a significant. Inventors forget that they aren’t the sole ones inventing.)
15. They have received a similar idea from another Inventor and are developed in negotiations with that Inventor.
16. You have posted your idea unprotected online in one of those invention posting sites where others vote on goods to see whether there is interest. Your public disclosure makes the actual concerned whether any InventHelp Patent Services protection will be allowed and turns it down based on that send.
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 own an issued patent, yet if they do a quick look up your patent they make it a point it has lapsed thanks to non-payment of fees and allows been lapsed significantly following due marry. Making the chances of it being reinstated unlikely.
19. You’ve got patent, nevertheless was poorly written and will not cover far more product. (This happens a lot)
20. You then have a design patent and designing around your patent is patenting an idea easy task, so that they should be expecting very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t with outside ideas and does not publicize that fact. So you get a rejection letter, but permit you explain they just don’t look outside the company.
22. You sent them your product but they have decided on your line for the year or that the following year and are not open to taking on anything else at period.
23. Really don’t consider items with a sales history they can review together item has never been being produced or sold stores or online. So they do not require to go ahead and take risk to become the first company to market it.
As I stated above these are only a few within the reasons your event may have your idea/product rejected the company. Really take period to yourself and understand your market, your put in that market and plenty of research part different yourself as marketable as we possibly can.