Many Inventors trying to bring their product ideas to market are totally crushed by rejection. So, I thought I would provide a report on some for the reasons you could obtain gotten rejected. It does not cover every reason you have access to rejected, but hopefully it will give you something to look at.
You need to realize that inventing is fundamentally a numbers on the net game! Yes, you still need to get a good idea but you will find that regardless how good understanding you might imagine it is that you may still get rejected. Many marketable ideas are rejected all time. Even if it doesn’t make sense to you that they will reject a strategy that they agree could be profitable. Listed below are some common reasons why even marketable inventions ideas are rejected.
1. The business may already have a full line of products and not wanting to add somewhat more.
2. Urge for food is outside their target market.
3. You sent your submission towards wrong person in the company – don’t assume they’ll automatically send it to the correct one.
4. You sent premise unsolicited without contacting firm first to check their submission policy, plus they also rejected it solely on that source.
5. You did not have proper contact information on your submission move. (That is one of the most effective mistakes Inventors make. The machines will not bother to be able to you decrease.)
6. They’ve got too many similar providers that information mill flooded enough.
7. Your idea interests a minimal niche market and desire 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 because of.
10. Your product has have been patented by someone else and they just don’t want to ascertain if they should go around it or risk infringement elements.
11. Goods or idea isn’t much better than what is already on market. This tells them you did not research your idea perfectly well and don’t need a clue who competitors is that are available.
12. You sent a product that is precisely like their current product and that current technique are a marginal seller. So yours won’t fare much better.
13. Your idea is outdated or possibly on the downswing whenever compared with what is on its way out the year after.
14. They have a better solution than yours within works for release that coming annualy. (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. This takes place a wonderful deal. Inventors forget that they are not the sole ones inventing.)
15. They have already received to correct idea from another Inventor and are developed in negotiations with this Inventor.
16. A person posted your idea unprotected online in one of those invention posting sites where others vote on your products to find out there is interest. Your public disclosure makes company concerned whether any patent protection properly allowed and turns it down in accordance to that situation.
17. You posted your unprotected idea and video of the functional prototype online and have a significant involving hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you should have patenting an idea issued patent, however they write a quick look on your patent they discover that it has lapsed due to non-payment of fees and features been lapsed significantly after due the present day. Making the chances of it being reinstated unlikely.
19. You have a patent, and it was poorly written as well as cover the actual 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 you patent an idea expect very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t from outside ideas and doesn’t publicize everyone. So you get a rejection letter, but it doesn’t explain they just don’t look beyond the company.
22. You sent them your product but these have decided on your line for the year or go with the following year and are not open to taking on anything else at period.
23. The right amount . consider items with a sales history they can review your item never been in production or sold stores or online. To ensure that do not need to go ahead and take risk getting the first company selling it.
As I stated above these are a few of the reasons you can have your idea/product rejected by a company. Really take the time to plumbing service and understand your market, your place in that market and seek information part different yourself as marketable as we possibly can.