Many Inventors trying to generate their product ideas to market are totally crushed by rejection. So, I thought I gives a report on some of this reasons you could have gotten cast off. It does not cover every reason you can get rejected, but hopefully as well as your something start thinking about.
You truly realize that inventing is fundamentally a numbers on the net game! Yes, you still need to have a good idea but you will discover that it doesn’t matter how to invent a product good an idea you might imagine 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 would likely reject a strategy that they agree would be profitable. Below are some common reasons why even marketable ideas are rejected.
1. This company may presently have a full-line of services not trying to add very much more.
2. Makes use of is outside their marketplace.
3. You sent your submission towards wrong person in the company – don’t assume they’ll automatically send it to the correct one.
4. You sent are interested to produce unsolicited without contacting firm first to check their submission policy, to begin with rejected it solely on that agreement.
5. You did not have proper contact regarding your entry. (That is one of the most mistakes Inventors make. The machines will not bother to you up.)
6. Contain too many similar products and that market is flooded proper.
7. Your idea attracts a little niche market and desire mass market items.
8. Costly to manufacture versus the return on investment is too high.
9. Profits sheet don’t WOW them and lacked consumer benefits information or was overloaded with significantly information to sort by simply.
10. Goods has been really patented by someone else and tend not to want to see if they should go around it or risk infringement issues.
11. Goods or idea isn’t compared to what is on the actual marketplace. This tells them you did not research your idea okay and don’t have a clue who your competition is looking.
12. You sent a specific thing that is strictly like their current product and that current set up is a marginal seller. So yours won’t fare any better.
13. Your idea is outdated or perhaps on the downswing in comparison to what is coming out one year afterwards.
14. They have a better solution than yours the actual world 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 on the Inventor contacting the company about their idea. Goes on a masse. Inventors forget that they aren’t the sole ones creating.)
15. These have received another similar idea from another Inventor and are typically negotiations with this Inventor.
16. You have posted your idea unprotected online in a single of those new invention ideas posting sites where others vote on your product to see if there is interest. Your public disclosure makes the company 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 functional prototype on youtube and have a significant quantity of hits. This again raises the concern whether any InventHelp patent services would be possible due to your public disclosure.
18. You stated that you have an issued patent, yet if they write a quick explore your patent they discover that it has lapsed due to non-payment of fees and it has been lapsed significantly after due date. Making the chances of it being reinstated unlikely.
19. There’s a patent, and it was poorly written and doesn’t cover a lot more product. (This happens a lot)
20. You have a design patent and designing around your patent is an easy task, which means they can expect very little protection in the industry.
21. Sometimes the company you have approached just doesn’t take a outside ideas and does not publicize that fact. So you get a rejection letter, but permit you explain they cannot look away from company.
22. You sent them your product but these have decided on your line for the year together with following year and aren’t open to taking on anything else at that time.
23. They only consider items with a sales history they can review your item has never been being produced or sold stores or online. To ensure that do not want to take the risk to become the first company to offer it.
As I stated above these are only a few within the reasons your event may have your idea/product rejected with company. Really take time to yourself and understand your market, your invest that market and plenty of research part to make yourself as marketable as possible.