Many Inventors trying to generate their product inventions ideas showcase are totally crushed by rejection. So, I thought I would provide a report on some of your reasons you should have gotten denied. It does not cover every reason you can get rejected, but hopefully as well as your something to look into.
You want realize that inventing is fundamentally a numbers game! Yes, you still need to own a good idea but you will discover that irrespective of how good a perception you may think it that you may still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that they will reject a strategy that they agree would be profitable. Here’s some common explanations why even marketable ideas are rejected.
1. This company may already have a full line of services not wanting to add very much more.
2. Product or service is outside their target market.
3. You sent your submission to the wrong an associate the company – don’t assume they’ll automatically send it to the correct one.
4. You sent premise unsolicited without contacting vehicle first to find out their submission policy, plus they also rejected it solely on that basis.
5. You didn’t have proper contact information on your submission move. (That is one of the most mistakes Inventors make. An additional will not bother to track you up.)
6. They have too many similar products and that market is flooded enough.
7. Your idea draws a very little niche market and desire mass market items.
8. The price to manufacture versus the return on investment as well 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 been really patented by someone else and want to see if they goes around it or risk infringement issues.
11. Your product or idea isn’t much better than what has already been on market. This tells them you didn’t research your idea very well and don’t need a clue who competitors is in the market.
12. You sent a machine that is precisely like their current product and that current technique are a marginal seller. So yours will not fare any better.
13. Your idea is outdated or is on the downswing in order to what is coming out one year afterwards.
14. They already 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. This happens a significant. Inventors forget that they are not the only ones creating.)
15. They have already received the identical idea from another Inventor and are in negotiations with this Inventor.
16. An individual posted your idea unprotected online inside a of those invention idea 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 properly allowed and turns it down in keeping with that give.
17. You posted your unprotected idea and video of the important prototype on youtube and have a significant number of hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you own an issued patent, help to they do a quick look up your patent an invention they see that it has lapsed by way of non-payment of fees and it’s been lapsed significantly over the due encounter. Making the chances of it being reinstated unlikely.
19. There’s a patent, truly was poorly written as well as cover specific product. (This happens a lot)
20. You then have a design patent and designing around your patent is an easy task, so that they can expect very little protection for sale.
21. Sometimes the company you have approached just doesn’t the outside ideas and does not publicize individuals. So you get a rejection letter, but permit you explain they never look outside the company.
22. You sent them your product but these have decided to the line for that year or that the following year and aren’t open to taking on anything else at period.
23. Sufficiently consider items with a sales history they can review and then your item never been in production or sold stores or online. So that they really do n’t want to take the risk of being the first company to offer it.
As I stated above these are just a few with the reasons your event may have your idea/product rejected by a company. Really take time to do your research and understand your market, your put in that market and plenty of research part to make yourself as marketable as possible.