Many Inventors trying to make their product ideas selling are totally crushed by rejection. So, I thought I offers a report on some of your reasons you should have gotten discarded. It does not cover every reason you could get rejected, but hopefully make a something to.
You wish to realize that inventing is fundamentally a numbers on-line! Yes, you still need to get a good idea but you will find that regardless how good an inspiration you might imagine it is you can still get rejected. Many marketable ideas are rejected all period. Even if it does not make sense to you that they reject a strategy that they agree would be profitable. Here are some common reasons why even marketable ideas are rejected.
1. The company may surely have a full-line of products and not desperate to add somewhat more.
2. The product is outside their target market.
3. You sent your submission towards wrong person in the company – don’t assume they’ll automatically send it to the right one.
4. You sent one does this program unsolicited without contacting the company first to find their submission policy, to begin with rejected it solely on that agreement.
5. You did not have proper contact information on your division. (That is one of the most mistakes Inventors make. The company will not bother for you to trace you alongside.)
6. They have too many similar services that market is flooded proper.
7. Your idea draws a very little niche market and besides mass market items.
8. The price 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 too much information to sort by simply.
10. Goods has happened to be patented by someone else and tend not to want to find out if they goes around it or risk infringement issues.
11. Your product or idea isn’t compared to what is already on the market. This tells them you didn’t research your idea okay and don’t have a clue who other sellers is looking.
12. You sent a machine that is exactly like their current product and that current product is a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or perhaps on the downswing in order to what isn’t too far off out a year later.
14. They have a better solution than yours involving works for release that coming annualy. (This is also where Inventors may scream the company stole their idea even when the company has already invested in molds, engineering, samples, etc prior into the inventor ideas contacting the company about their idea. Goes on a lot. Inventors forget that they are not the sole ones inventing.)
15. They have received another similar idea from another Inventor and are working negotiations with that Inventor.
16. You have posted your idea unprotected online in a single of those invention patent posting sites where others vote on your products to verify that there is interest. Your public disclosure makes company concerned whether any patent protection properly allowed and turns it down in keeping with that ailment.
17. You posted your unprotected idea and video of the running prototype on youtube and have a significant inventhelp phone number of 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, but when they participate in a quick browse your patent they discover that it has lapsed due to non-payment of fees and allows been lapsed significantly following due date. Making the chances of it being reinstated unlikely.
19. There’s a patent, but it was poorly written and will not cover the particular product. (This happens a lot)
20. You have a design patent and designing around your patent is a simple task, so that they can expect very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t the outside ideas and doesn’t publicize i don’t know. So you get a rejection letter, but it doesn’t explain they just do not look right out the company.
22. You sent them your product but they have decided their very own line for that year or go with the 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 together item never been in production or sold stores or online. So that they really do not need to go ahead and take risk of being the first company to offer it.
As I stated above these are only a few for this reasons you should have your idea/product rejected the company. Really take time to do your research and understand your market, your put in that market and homework part to create yourself as marketable as possible.