Many Inventors trying to make their product ideas showcase are totally crushed by rejection. So, I thought I gives a report on some of your reasons you could have gotten discarded. It does not cover every reason you have access to rejected, but hopefully plans and ideas something to.
You need to realize that inventing is fundamentally a numbers competition! Yes, you still need to have a good idea but you will discover that in spite of how good an idea you may believe it is you can still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that would certainly reject an example that they agree this would definately be profitable. Here are a couple common the actual reason why even marketable ideas are rejected.
1. The company may surely have a full line of products and not trying to add much more.
2. Urge for Inventhelp office food is outside their marketplace.
3. You sent your submission towards wrong person in the company – don’t assume they’ll automatically send it on the right one.
4. You sent viewed as unsolicited without contacting the company first to check their submission policy, in addition they rejected it solely on that essence.
5. You didn’t have proper contact about your the distribution. (That is one of the greatest mistakes Inventors make. Corporation will not bother to track you up.)
6. Include too many similar services that companies are flooded proper.
7. Your idea attracts a very small niche market and would like mass market items.
8. The price to manufacture versus the return on investment is just too high.
9. Income sheet did not WOW them and lacked consumer benefits information or was overloaded with great deal information to sort indicates of.
10. Your product has recently been patented by someone else and don’t want to find out if they might go around it or risk infringement problems.
11. Your products or idea isn’t much better than what is definitely on the market. This tells them you didn’t research your idea okay and don’t have a clue who competitors is that are available.
12. You sent a product that is precisely like their current product and that current technique are a marginal seller. So yours will not fare much better.
13. Your idea is outdated or is on the downswing when what will be coming out a year later.
14. They already have a better solution than yours in the works for release that coming annualy. (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 the Inventor contacting the company about their idea. Goes on a entire lot. Inventors forget that they aren’t ones inventing.)
15. These have received to correct idea from another Inventor and are typically negotiations with that Inventor.
16. A person posted your idea unprotected online in a single of those invention posting sites where others vote on goods to see whether there is interest. Your public disclosure makes company concerned whether any patent protection will be allowed and turns it down in keeping with that issue.
17. You posted your unprotected idea and video of the functional prototype online and possess a significant 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 begin a quick browse your patent they see that it has lapsed resulting from non-payment of fees and allows been lapsed significantly over the due date. Making the chances of it being reinstated unlikely.
19. You have a patent my idea, can be challenging was poorly written and will not cover the actual product. (This happens a lot)
20. You have a design patent and designing around your patent is an easy task, meaning that they can get very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t the outside ideas and doesn’t publicize that fact. So you get a rejection letter, but won’t matter explain they never look beyond the company.
22. You sent them your product idea but they have already decided their very own line for the year or go with the following year and are not open to taking on anything else at that time.
23. Simply consider items with a sales history they can review together item has never been in production or sold stores or online. So that they really do not want to consider the risk to become the first company advertising it.
As I stated above these are just a few belonging to the reasons within the glass . your idea/product rejected a new company. Really take time to research the offers completely and understand your market, your put in that market and seek information part to make yourself as marketable as is feasible.