Many Inventors trying to generate their product ideas selling are totally crushed by rejection. So, I thought I gives a list of some of this reasons you could have gotten rejected. It does not cover every reason you have access to rejected, but hopefully make a something to look at.
You wish to realize that inventing is fundamentally a numbers gameplay! Yes, you still need to get a good idea but you will find that no matter how good understanding you may think it is that you could still get rejected. Many marketable ideas are rejected all time. Even if it doesn’t make sense to you that they would reject an idea that they agree could be profitable. Here’s some common the actual reason why even marketable ideas are rejected.
1. The business may surely have a complete collection of products and not trying to add very much more.
2. The product 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 correct one.
4. You sent the idea unsolicited without contacting the company first to find their submission policy, Invent Help and they rejected it solely on that essence.
5. You didn’t have proper contact information on your submission. (That is one of the most mistakes inventors help make. The corporation will not bother to be able to you alongside.)
6. Possess too many similar providers that companies are flooded a sufficient quantity of.
7. Your idea interests a very little niche market and would like mass market items.
8. Price of to manufacture versus the return on investment is too high.
9. Income sheet did not WOW them and lacked consumer benefits information or was overloaded with too much information to sort by simply.
10. Your products has been really patented by someone else and want to ascertain if they goes around it or risk infringement trouble.
11. Your products or idea isn’t better than what is on the marketplace. This tells them you didn’t research your idea well and do not need a clue who competition is that are available.
12. You sent a product that is precisely like their current product and that current set up is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or perhaps on the downswing in comparison to what is on its way out one year afterwards.
14. They already have a better solution than yours in the works for release that coming year. (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior on the Inventor contacting the company about their idea. Transpires a wonderful deal. Inventors forget that they aren’t ones creating.)
15. They have received a similar idea from another Inventor and are typically negotiations with this Inventor.
16. A person posted your idea unprotected online in one of those invention posting sites where others vote on your products to check if there is interest. Your public disclosure makes an additional concerned whether any patent protection would eventually be allowed and turns it down in keeping with that give.
17. You posted your unprotected idea and video of the functional prototype on youtube and have a significant connected with hits. It can raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you should have an issued patent, but when they do a quick browse your patent they see that it has lapsed due to non-payment of fees and allows been lapsed significantly beyond the due the present day. Making the chances of it being reinstated unlikely.
19. There’s a patent, but it was poorly written and does not cover far more product. (This happens a lot)
20. You will have a design patent and designing around your patent is a simple task, meaning that they can get very little protection for sale.
21. Sometimes the company you have approached just doesn’t from outside ideas inventions and does not publicize everyone. So you get a rejection letter, but which are explain they never look beyond the company.
22. You sent them your product but they have already decided on your line for the year and therefore following year and aren’t open to taking on anything else at period.
23. Simply consider items with a sales history they can review and then your item has never been being produced or sold stores or online. To ensure that do n’t want to take the risk for being the first company selling it.
As I stated above these are just a few with the reasons you can have your idea/product rejected with company. Really take the time to on your own and understand your market, your commit that market and do your part become worse yourself as marketable as is feasible.