Many Inventors trying to make their product ideas promote are totally crushed by rejection. So, I thought I would provide a connected with some of this reasons you could have gotten denied. It does not cover every reason you could get rejected, but hopefully make a something to.
You want realize that inventing is fundamentally a numbers gameplay! Yes, you still need to undertake a good idea but you’ll find that irrespective of how good an inspiration you may think it is that gardeners can still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that they will reject a strategy that they agree would be profitable. Listed below are some common explanations why even marketable ideas are rejected.
1. The business may already have a complete collection of providers not looking to add more.
2. Make use of this is outside their marketplace.
3. You sent your submission towards the wrong an associate the company – don’t assume they’ll automatically send it to the right one.
4. You sent viewed as unsolicited without contacting corporation first to find their submission policy, and they rejected it solely on that trigger.
5. You did not have proper contact regarding your entry. (That is one of the most mistakes Inventors make. The company will not bother to you down.)
6. Include too many similar products and that marketplace is flooded plenty of.
7. Your idea draws a very small niche market and would like mass market items.
8. Costly 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 a lot information to sort with the aid of.
10. Goods has have been patented by someone else and don’t want to determine if they should go around it or risk infringement issues.
11. Goods or idea isn’t better than what is definitely on the. This tells them you didn’t research your idea well and won’t have a clue who the competitors is thats available.
12. You sent a machine that is just like their current product and that current set up is a marginal seller. So yours won’t fare much better.
13. Your idea is outdated or maybe on the downswing in comparison to what is departing from out a year later.
14. They already have a better solution than yours within works for release that coming . (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 for the Inventor contacting the company about their idea. Transpires a masse. Inventors forget that they are not the only ones creating.)
15. These have received a comparable idea from another Inventor and are developed in negotiations with that Inventor.
16. You have posted your idea unprotected online in a of those invention companies posting sites where others vote on goods to see if there is interest. Your public disclosure makes the company concerned whether any patent protection would eventually be allowed and turns it down depending that issue.
17. You posted your unprotected invention idea and video of the functional prototype online and have a significant number of hits. It can raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you should have an issued patent, but when they do a quick explore your patent they make it a point it has lapsed by way of non-payment of fees and it’s been lapsed significantly past the due encounter. Making the chances of it being reinstated unlikely.
19. You have a patent, and it was poorly written and also cover specific product. (This happens a lot)
20. It is easy to design patent and designing around your patent is a simple task, meaning that they can expect very little protection for sale.
21. Sometimes the company you have approached just doesn’t take getting a patent outside ideas and doesn’t publicize that fact. So you get a rejection letter, but won’t matter explain they just do not look beyond the company.
22. You sent them your product but they have decided on their line for the year and therefore following year and aren’t open to taking on anything else at period.
23. The right amount . consider items with a sales history they can review and then your item by no means been in production or sold stores or online. So they do not want to consider the risk to become the first company selling it.
As I stated above these are only a few for this reasons you should have your idea/product rejected by a company. Really take period to do your research and understand your market, your invest that market and homework part things yourself as marketable maybe can.