Many Inventors trying to make their product ideas to push are totally crushed by rejection. So, I thought I would supply a report on some belonging to the reasons you can get gotten terminated. It does not cover every reason you can get rejected, but hopefully plans and ideas something to look into.
You want realize that inventing is fundamentally a numbers competition! Yes, you still need to undertake a good idea but you will discover that irrespective of how good an idea you may think it is that you could still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that would certainly reject an image that they agree could be profitable. Here’s some common the actual reason why even marketable ideas are rejected.
1. They may already have a full-line of services not desperate to add alot more.
2. Make use of this is outside their target market.
3. You sent your submission to the wrong person in the company – don’t assume they’ll automatically send it to the correct one.
4. You sent are interested to produce unsolicited without contacting the company first to observe their submission policy, and they rejected it solely on that agreement.
5. You did not have proper contact about your submission move. (That is one of the most mistakes Inventors make. The company will not bother for you to trace you up.)
6. They’ve got too many similar products and that information mill flooded a sufficient quantity of.
7. Your idea interests a little niche market and they want mass market items.
8. The price to manufacture versus the return on investment is too high.
9. Profits sheet don’t WOW them and InventHelp Innovation News lacked consumer benefits information or was overloaded with a good deal information to sort by simply.
10. Your products has already been patented by someone else and they don’t want to determine if they might go around it or risk infringement problems.
11. Your product or idea isn’t better than what has already been on the actual marketplace. This tells them you did not research your idea well and don’t have a clue who the competitors is looking.
12. You sent a service or product that is exactly like their current product and that current product is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or possibly on the downswing whenever compared with what is coming out the year after.
14. They have a better solution than yours involving works for release that coming . (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior to your Inventor contacting the company about their idea. This takes place a entire lot. Inventors forget that they are not the sole ones inventing.)
15. They have received to correct idea from another Inventor and are currently in negotiations with that Inventor.
16. A person posted your idea unprotected online in a single of those invention posting sites where others vote on your products to see if there is interest. Your public disclosure makes the actual concerned whether any patent protection properly allowed and turns it down based on that send.
17. You posted your unprotected idea and video of the running prototype online and possess a significant involving hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you have an issued patent, whenever they perform quick look on your patent they see that it has lapsed due to non-payment of fees and features been lapsed significantly beyond the due marry. Making the chances of it being reinstated unlikely.
19. There’s a patent, nevertheless was poorly written and doesn’t cover the actual product. (This happens a lot)
20. You then have a design patent and designing around your patent is a simple task, meaning that they can get very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t the outside ideas for inventions and does not publicize i’m not sure. So you get a rejection letter, but it doesn’t explain they cannot look beyond the company.
22. You sent them your product but these have decided about their line for that year or go with the following year and aren’t open to taking on anything else at period.
23. They only consider items with a sales history they can review your item never been in production or sold stores or online. So that they really do not need to take the risk becoming the first company selling it.
As I stated above these are just a few for this reasons your event may have your idea/product rejected by a company. Really take the time to do your research and understand your market, your put into that market and seek information part different yourself as marketable as it can.