Many Inventors trying to bring their product ideas to push are totally crushed by rejection. So, I thought I would provide a regarding some of the reasons you really can have gotten rejected. It does not cover every reason you can get rejected, but hopefully wanted something to think about.
You truly realize that inventing is fundamentally a numbers gameplay! Yes, you still need to own a good idea but you will find that irrespective of how good an insurance policy you could imagine it is you can still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that they would reject an idea that they agree that i see profitable. Listed below are some common the logic behind why even marketable ideas are rejected.
1. The company may presently have a full-line of services not wanting to add more.
2. Urge for food is outside their marketplace.
3. You sent your submission into the wrong person in the company – don’t assume they’ll automatically send it to the right one.
4. You sent the idea unsolicited without contacting firm first to find out their submission policy, plus they also rejected it solely on that essence.
5. You did not have proper contact information on your submission. (That is one of the most mistakes Inventors make. The machines will not bother to be able to you down.)
6. They have too many similar providers that market is flooded adequately.
7. Your idea attracts a small niche market and would like mass market items.
8. The price to manufacture versus the return on investment is too high.
9. Revenue sheet don’t WOW them and lacked consumer benefits information or was overloaded with significantly information to sort indicates of.
10. Your products has happened to be patented by someone else and they don’t want to ascertain if they are around it or risk infringement factors.
11. Your product or idea isn’t compared to what is already on the. This tells them you didn’t research your idea perfectly well and Patent My Idea don’t own a clue who the competitors is thats available.
12. You sent a specific thing that is strictly like their current product and that current set up is a marginal seller. So yours won’t fare much better.
13. Your idea is outdated or is on the downswing whenever compared with what is departing from out a year later.
14. They already have a better solution than yours within works for release that coming calendar months. (This is also where Inventors may scream the company stole their idea regardless of whether the company has already invested in molds, engineering, samples, etc prior to your Inventor contacting the company about their idea. Transpires a entire lot. Inventors forget that they aren’t the sole ones creating.)
15. They have already received to correct idea from another Inventor and are in negotiations with this Inventor.
16. An individual posted your idea unprotected online in a 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 will be allowed and turns it down in accordance to that send.
17. You posted your unprotected idea and video of the running prototype on youtube and have a significant regarding hits. It can raises the concern whether any patent a product would be possible due to your public disclosure.
18. You stated need an issued patent, however they do a quick look up your patent they see that it has lapsed by way of non-payment of fees and features been lapsed significantly over the due encounter. Making the chances of it being reinstated unlikely.
19. You’ve got patent, truly was poorly written and doesn’t cover a lot more product. (This happens a lot)
20. There is design patent and designing around your patent is an easy task, so that they should be expecting very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t from outside ideas and does not publicize individuals. So you get a rejection letter, but which are explain they just do not look outside the company.
22. You sent them your product but they have decided their very own line for the year or go with the following year and are not open to taking on anything else at period.
23. They only consider items with a sales history they can review nicely item never been in production or sold stores or online. To ensure that do not want to consider the risk for being the first company selling it.
As I stated above these are just a few with the reasons you can have your idea/product rejected a new company. Really take the time to yourself and understand InventHelp Pittsburgh Corporate Headquarters your market, your place in that market and homework part to make yourself as marketable as is feasible.