Many Inventors trying to generate their product ideas showcase are totally crushed by rejection. So, I thought I would provide a regarding some of the reasons you could have gotten discarded. It does not cover every reason you can get rejected, but hopefully it will give you something to look into.
You truly realize that inventing is fundamentally a numbers game! Yes, you still need to enjoy a good idea but you’ll find that no matter how good a perception you might think it is that you may still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that they reject an example that they agree this would definately be profitable. Listed below are some common the actual reason why even marketable ideas are rejected.
1. This company may now have a full line of providers not seeking add somewhat more.
2. The product is outside their marketplace.
3. You sent your submission into the wrong part of the company – don’t assume they’ll automatically send it off to the right one.
4. You sent viewed as unsolicited without contacting group first to observe their submission policy, to begin with rejected it solely on that source.
5. You didn’t have proper contact information on your submission move. (That is one of the actual mistakes Inventors make. The company will not bother for you to trace you alongside.)
6. Contain too many similar products and that sector is flooded plenty of.
7. Your idea attracts a very little niche market and they want mass market items.
8. Value to manufacture versus the return on investment is simply high.
9. Profits sheet in order to WOW them and lacked consumer benefits information or was overloaded with a lot information to sort through.
10. Goods has have been patented by someone else and want to see if they goes around it or risk infringement issues.
11. Your product or idea isn’t compared to what has already been on the actual marketplace. This tells them you did not research your idea well and don’t need a clue who other sellers is thats available.
12. You sent a service or product that is just like their current product and file a patent that current product is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or is on the downswing when what will be coming out the following year.
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 although 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 a comparable idea from another Inventor and are working negotiations with that Inventor.
16. An individual posted your idea unprotected online in one of those invention posting sites where others vote on your product to check if there is interest. Your public disclosure makes the actual concerned whether any patent protection may allowed and turns it down derived from that give.
17. You posted your unprotected idea and video of the working prototype online and have a significant connected with hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you own an issued patent, but when they perform quick browse 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 the present day. Making the chances of it being reinstated unlikely.
19. There’s a patent, stethoscopehub5544.tumblr.com truly was poorly written and will not cover the actual product. (This happens a lot)
20. You have a design patent ideas and designing around your patent is a straightforward task, meaning that they can expect very little protection in the industry.
21. Sometimes the company you have approached just doesn’t with outside ideas and does not publicize i’m not sure. So you get a rejection letter, but won’t matter explain they don’t really look beyond the company.
22. You sent them your product but they have decided about their line for that year and therefore 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 and then your item by no means been being produced or sold stores or online. To ensure that do not need to take the risk getting the first company advertising it.
As I stated above these are a few for this reasons you can have your idea/product rejected a new company. Really take period to research the offers completely and understand your market, your put in that market and seek information part things yourself as marketable as it can.