Many Inventors trying to make their product ideas selling are totally crushed by rejection. So, I thought I would supply a report on some of your reasons you should have gotten denied. It does not cover every reason you have access to rejected, but hopefully it will give you something start thinking about.
You need to realize that inventing is fundamentally a numbers competition! Yes, you still need to have a good idea but you’ll find that irrespective of how good a perception you might think it that you may still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that would certainly reject an idea that they agree that i see profitable. Here’s some common explanations why even marketable ideas are rejected.
1. The business may have also a complete collection of products and not seeking add alot more.
2. Product or service is outside their target market.
3. You sent your submission to the 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 recognize their submission policy, and they rejected it solely on that essence.
5. You did not have proper contact regarding your division. (That is one of the highest mistakes Inventors make. An additional will not bother for you to trace you up.)
6. They’ve got too many similar products and that marketplace is flooded a sufficient quantity of.
7. Your idea attracts a small niche market and they want mass market items.
8. Value to manufacture versus the return on investment is too high.
9. Profits sheet in order to WOW them and lacked consumer benefits information or was overloaded with a lot information to sort by simply.
10. Your product has happened to be patented by someone else and don’t want to find out if they can go around it or risk infringement trouble.
11. Goods or idea isn’t compared to what is on market. This tells them you didn’t research your idea very well and do not need a clue who other sellers is looking.
12. You sent a procedure that is strictly like their current product and that current strategy is a marginal seller. So yours won’t fare much better.
13. Your idea is outdated or maybe on the downswing when what is on its way out a year later.
14. They have a better solution than yours involving works for release that coming yr. (This is also where Inventors may scream the company stole their idea although the company has already invested in molds, engineering, samples, etc prior into the Inventor contacting the company about their idea. This happens a lot. Inventors forget that they are not the only ones creating.)
15. They have received the identical idea from another Inventor and are typically negotiations with that Inventor.
16. A person posted your idea unprotected online inside a of those invention posting sites where others vote on your products to see if there is interest. Your public disclosure makes an additional concerned whether any patent protection will be allowed and turns it down depending that send.
17. You posted your unprotected idea and video of the significant prototype on youtube and have a significant quantity of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated which you’ve got an issued patent, yet if they begin a quick look on your patent they discover that it has lapsed thanks to non-payment of fees and it’s been lapsed significantly after due marry. Making the chances of it being reinstated unlikely.
19. You have a patent, nevertheless was poorly written and does not cover specific product. (This happens a lot)
20. There is design patent and designing around your patent Your idea is an easy task, which means they should expect very little protection for sale.
21. Sometimes the company you have approached just doesn’t look at outside ideas and doesn’t publicize i’m not sure. So you get a rejection letter, but won’t matter explain they just don’t look right out the company.
22. You sent them your product but they have already decided their very own line for that year or inventhelp product development go with the following year and aren’t open to taking on anything else at period.
23. They only consider items with a sales history they can InventHelp review and your item has never been in production or sold stores or online. So do n’t want to go ahead and take risk of being the first company selling it.
As I stated above these are just a few belonging to the reasons you can have your idea/product rejected with company. Really take the time to research the offers completely and understand your market, your invest that market and study part different yourself as marketable as is feasible.