Many Inventors trying to get their product ideas to market are totally crushed by rejection. So, I thought I gives you a connected with some of this reasons you could obtain gotten terminated. It does not cover every reason you have access to rejected, but hopefully wanted something to look at.
You need to realize that inventing is fundamentally a numbers on-line! Yes, you still need to undertake a good idea but you will find that no matter how good an inspiration you may think it is that you could still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that would likely reject a strategy that they agree could be profitable. Listed below are some common explanations why even marketable ideas are rejected.
1. The business may already have a full line of products and not seeking add very much more.
2. Product or service is outside their target market.
3. You sent your submission for the wrong an affiliate the company – don’t assume they’ll automatically send it to the right one.
4. You sent are interested to produce unsolicited without contacting corporation first to check their submission policy, and tech they rejected it solely on that basis.
5. You did not have proper contact information on your submission move. (That is one of the actual mistakes Inventors make. Corporation will not bother to track you on paper.)
6. Possess too many similar providers that companies are flooded adequately.
7. Your idea attracts a very little niche market and besides mass market items.
8. The cost to manufacture versus the return on investment as well high.
9. Revenue sheet did not WOW them and lacked consumer benefits information or was overloaded with a good deal information to sort indicates of.
10. Your product has already been patented by someone else and they just don’t want to see if they goes around it or risk infringement elements.
11. Goods or idea isn’t better than what is already on the market. This tells them you did not research your idea well and don’t own a clue who other sellers is that are available.
12. You sent a service or product that is exactly like their current product and that current strategy is a marginal seller. So yours won’t fare any benefit.
13. Your idea is outdated or is on the downswing whenever compared with what will be coming out the next year.
14. They already have a better solution than yours the actual world works for release that coming year. (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 to the Inventor contacting the company about their idea. Takes place a masse. Inventors forget that they aren’t the sole ones creating.)
15. These have received a similar idea from another Inventor and are typically negotiations with this Inventor.
16. You need to 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 the actual concerned whether any patent protection would be allowed and turns it down based on that send.
17. You posted your unprotected idea and video of the working prototype online and have a significant involving hits. It can raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you own an issued patent, whenever they do a quick look on your patent they noticed that it has lapsed thanks to non-payment of fees and how to get an idea patented it’s been lapsed significantly beyond the due marry. Making the chances of it being reinstated unlikely.
19. There are any patent, and it was poorly written and also cover specific product. (This happens a lot)
20. You will have a design patent and designing around your patent is a simple task, to ensure that you they can expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t with outside ideas and does not publicize that fact. So you get a rejection letter, but it doesn’t explain they cannot look away from company.
22. You sent them your product but they have already decided on their line for the year or go with the following year and are not open to taking on anything else at that time.
23. Sufficiently consider items with a sales history they can review together item has never been being produced or sold stores or online. So they do n’t need to take the risk getting the first InventHelp Company Headquarters selling it.
As I stated above these are simply a few with the reasons within the glass . your idea/product rejected by a company. Really take time to yourself and understand your market, your put in that market and do your part to make yourself as marketable as we possibly can.