Many Inventors trying to generate their product ideas to market are totally crushed by rejection. So, I thought I gives a involving some of the reasons you really can have gotten cast off. It does not cover every reason you could get rejected, but hopefully make a something to think about.
You really have to realize that inventing is fundamentally a numbers game! Yes, you still need to get a good idea but you will discover that regardless how to get a patent on an idea good an inspiration you might imagine it is you can still get rejected. Many marketable ideas inventions are rejected all period. Even if it does not make sense to you that they reject a strategy that they agree that i see profitable. Here’s some common explanations why even marketable ideas are rejected.
1. The company may presently have a complete collection of products and not trying to add much more.
2. Make use of this is outside their target market.
3. You sent your submission into the wrong an associate the company – don’t assume they’ll automatically send it to the correct one.
4. You sent one does this program unsolicited without contacting the company first recognize their submission policy, in addition they rejected it solely on that essence.
5. You did not have proper contact information on your submission move. (That is one of the actual mistakes Inventors make. The company will not bother to monitor you up.)
6. Contain too many similar products and that sector is flooded enough.
7. Your idea attracts a little niche market and besides mass market items.
8. The cost to manufacture versus the return on investment is too high.
9. Your sales sheet don’t WOW them and lacked consumer benefits information or was overloaded with too much information to sort through.
10. Your product has happened to be patented by someone else and tend not to want to see if they are around it or risk infringement factors.
11. Your product or idea isn’t compared to what is already on the marketplace. This tells them you didn’t research your idea very well and don’t have a clue who the competitors is in the market.
12. You sent a procedure that is precisely 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 Your idea is outdated or perhaps is on the downswing compared to what isn’t too far off out the next year.
14. They already 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 even when the company has already invested in molds, engineering, samples, etc prior for the Inventor contacting the company about their idea. Takes place a significant. Inventors forget that they are not the only ones creating.)
15. They have received to correct idea from another Inventor and are currently in negotiations with this Inventor.
16. You have posted your idea unprotected online in a of those invention posting sites where others vote on your products to find out there is interest. Your public disclosure makes the actual concerned whether any patent protection would be allowed and turns it down in keeping with that situation.
17. You posted your unprotected idea and video of the significant prototype online and possess a significant quantity of hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated which you’ve got an issued patent, help to they perform quick browse your patent invention they identify that it has lapsed due to non-payment of fees and allows been lapsed significantly following due encounter. Making the chances of it being reinstated unlikely.
19. You’ve a patent, can be challenging was poorly written as well as cover a lot more product. (This happens a lot)
20. There is design patent and designing around your patent is a straightforward task, meaning that they can get very little protection that can be found.
21. Sometimes the company you have approached just doesn’t with outside ideas and does not publicize i don’t know. So you get a rejection letter, but permit you explain they don’t really look beyond the company.
22. You sent them your product but they have already decided to the line for the year together with following year and are not open to taking on anything else at that time.
23. They only consider items with a sales history they can review nicely item by no means been in production or sold stores or online. So that they really do not want to take the risk of being the first company advertising it.
As I stated above these are simply a few for this reasons you can have your idea/product rejected along with a company. Really take time to research the offers completely and understand your market, your place in that market and do your part different yourself as marketable maybe can.