Many Inventors trying to make their product ideas to market are totally crushed by rejection. So, I thought I gives a list of some for the reasons you can get gotten terminated. It does not cover every reason you can get rejected, but hopefully make a something to look into.
You need to realize that inventing is fundamentally a numbers game! Yes, you still need to enjoy a good idea but you’ll find that it doesn’t matter how good an idea you might imagine it is you can still get rejected. Many marketable ideas are rejected all period. Even if it doesn’t make sense to you that they would reject a strategy that they agree that i see profitable. Below are some common reasons why even marketable ideas are rejected.
1. They may have also a full line of products and not looking to add very much more.
2. The product is outside their target market.
3. You sent your submission to the wrong an affiliate the company – don’t assume they’ll automatically send it to the right one.
4. You sent the idea unsolicited without contacting corporation first to check their submission policy, and they usually rejected it solely on that essence.
5. You did not have proper contact about your submission move. (That is one of the most mistakes Inventors make. The corporation will not bother to track you up.)
6. Possess too many similar providers that companies are flooded proper.
7. Your idea draws a small niche market and desire mass market items.
8. Costly 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 significantly information to sort indicates of.
10. Goods has recently been patented by someone else and want to see if they can go around it or risk infringement problems.
11. Your products or idea isn’t much better what is already on the. This tells them you didn’t research your idea very nicely and new product idea don’t need a clue who other sellers is in the market.
12. You sent a machine that is exactly like their current product and that current technique are a marginal seller. So yours will not fare any better.
13. Your idea is outdated or perhaps is on the downswing when what will be coming out one year afterwards.
14. They have a better solution than yours their works for release that coming calendar months. (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 into the Inventor contacting the company about their idea. Takes place a wonderful deal. Inventors forget that they aren’t ones inventing.)
15. They have already received the identical idea from another Inventor and are working negotiations with this Inventor.
16. You have posted your idea unprotected online in a of those invention posting sites where others vote on goods to see whether there is interest. Your public disclosure makes the concerned whether any patent protection will be allowed and turns it down derived from that issue.
17. You posted your unprotected idea and video of the significant prototype online and possess a significant regarding hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you should have an issued patent, help to they write a quick look up your patent they make it a point it has lapsed by way of non-payment of fees and features been lapsed significantly past the due encounter. Making the chances of it being reinstated unlikely.
19. You’ve got patent, can be challenging was poorly written as well as cover specific product. (This happens a lot)
20. You have a design patent and designing around your patent is a straightforward task, so that they should be expecting very little protection that can be found.
21. Sometimes the company you have approached just doesn’t with outside ideas and does not publicize individuals. So you get a rejection letter, but won’t matter explain they just do not look beyond the InventHelp Company.
22. You sent them your product but these have decided their very own line for that year or the following year and aren’t open to taking on anything else at period.
23. Sufficiently consider items with a sales history they can review and your item by no means been being produced or sold stores or online. In order that they do n’t need to consider the risk becoming the first company selling it.
As I stated above these are simply a few of the reasons your event may have your idea/product rejected along with a company. Really take period to on your own and understand your market, your place in that market and homework part to make yourself as marketable as it can you patent an idea.