Many Inventors trying to get their product ideas to market are totally crushed by rejection. So, I thought I offers a regarding some of this reasons you should have gotten rejected. It does not cover every reason you could get rejected, but hopefully it will give you something to think about.
You truly realize that inventing is fundamentally a numbers on the net game! Yes, you still need to undertake a good idea but you’ll find that regardless how to start an invention good an insurance policy you may think it is that you may still get rejected. Many marketable ideas are rejected all period. Even if it doesn’t make sense to you that would certainly reject an example that they agree could be profitable. Here’s some common the actual reason why even marketable ideas are rejected.
1. The business may surely have a full-line of services not trying to add alot more.
2. The product is outside their marketplace.
3. You sent your submission towards the wrong an affiliate 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 check their submission policy, to begin with rejected it solely on that essence.
5. You didn’t have proper contact information on your submission move. (That is one of the actual mistakes Inventors make. The corporation will not bother to be able to you on paper.)
6. Include too many similar products and that sector is flooded a sufficient quantity of.
7. Your idea draws a little niche market and would like mass market items.
8. Costly to manufacture versus the return on investment is simply 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 products has recently been patented by someone else and they don’t want to ascertain if they might go around it or risk infringement issues.
11. Your product or idea isn’t better than what has already been on the marketplace. This tells them you did not research your idea well and don’t need a clue who the competitors is in the industry.
12. You sent a service or product that is exactly 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 Your idea is outdated or perhaps on the downswing in comparison to what is on its way out the following year.
14. They already have a better solution than yours involving works for release that coming year. (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 your Inventor contacting the company about their idea. Goes on a lot. Inventors forget that they aren’t the sole ones creating.)
15. They have already received to correct idea from another Inventor arrkenshield.tumblr.com and are currently in negotiations with that Inventor.
16. You have posted your idea unprotected online in one of those invention posting sites where others vote on your product to find out there is interest. Your public disclosure makes the company concerned whether any patent protection will be allowed and turns it down based on that issue.
17. You posted your unprotected idea and video of the functional prototype online and ideas for inventions possess 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 should have an issued patent, but when they write a quick look on your patent they identify that it has lapsed resulting from non-payment of fees and has now been lapsed significantly past the due encounter. Making the chances of it being reinstated unlikely.
19. You have a patent, but it was poorly written and also cover the actual product. (This happens a lot)
20. You then have a design patent and designing around your patent is an easy 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 doesn’t publicize that fact. So you get a rejection letter, but websites explain they never look away from company.
22. You sent them your product but they have decided to the line for that year or go with the following year and are not open to taking on anything else at that time.
23. The right amount . consider items with a sales history they can review and then your item has never been being produced or sold stores or online. To ensure that do not need to go ahead and take risk to become the first company selling it.
As I stated above these are only a few of the reasons you should have your idea/product rejected a new company. Really take the time to yourself and understand your market, your invest that market and homework part different yourself as marketable as we possibly can.