Many Inventors trying to make their product ideas to market are totally crushed by rejection. So, I thought I gives a regarding some belonging to the reasons you could have gotten cast off. It does not cover every reason you have access to rejected, but hopefully make a something to think about.
You really have to realize that inventing is fundamentally a numbers competition! Yes, you still need to undertake a good idea but you will find that regardless how good a perception you might think it is that gardeners can still get rejected. Many marketable ideas are rejected all period. Even if it doesn’t make sense to you that they would reject an example that they agree would be profitable. Below are some common the actual reason why even marketable ideas are rejected.
1. A lot more claims may presently have a complete collection of providers not desperate to add more.
2. Urge for food is outside their target market.
3. You sent your submission to the wrong person in the company – don’t assume they’ll automatically send it off to the right one.
4. You sent are interested to produce unsolicited without contacting corporation first to find out their submission policy, to begin with rejected it solely on that trigger.
5. You did not have proper contact information on your entry. (That is one of the highest mistakes Inventors make. Corporation will not bother to monitor you alongside.)
6. They have too many similar providers that companies are flooded enough.
7. Your idea draws a little niche market and desire mass market items.
8. Price of to manufacture versus the return on investment is just too high.
9. Revenue sheet in order to WOW them and lacked consumer benefits information or was overloaded with too much information to sort because of.
10. Your product has happened to be patented by someone else and don’t want to determine if they are around it or risk infringement trouble.
11. Your product or idea isn’t better than what is already on market. This tells them you didn’t research your idea very nicely and don’t need a clue who other sellers is looking.
12. You sent a machine that is strictly 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 Your idea is outdated or perhaps is on the downswing in order to what isn’t too far off out the following year.
14. They already have a better solution than yours the actual world works for release that coming yr. (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 InventHelp Stories to the Inventor contacting the company about their idea. Goes on a wonderful deal. Inventors forget that they are not the only ones creating.)
15. These have received a similar idea from another Inventor and are currently in negotiations with this Inventor.
16. You have posted your idea unprotected online in one of those invention posting sites where others vote on your product to check if there is interest. Your public disclosure makes an additional concerned whether any patent protection properly allowed and turns it down based on that issue.
17. You posted your unprotected idea and video of the functional prototype on youtube and possess a significant regarding hits. It can raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you own an issued patent, but when they perform quick look on your patent they see that it has lapsed due to non-payment of fees and has now been lapsed significantly beyond the due associate with. Making the chances of it being reinstated unlikely.
19. You have a patent, truly was poorly written and will not cover far more product. (This happens a lot)
20. You will have a design patent and designing around your patent is a straightforward task, meaning that they should be expecting very little protection in the industry.
21. Sometimes the company you have approached just doesn’t from outside ideas and doesn’t publicize that fact. So you get a rejection letter, but websites explain they never look outside the company.
22. You sent them your product but they have decided to the line for that year or that the following year and are not open to taking on anything else at period.
23. Sufficiently consider items with a sales history they can review together item by no means been in production or getting a patent sold stores or online. So do not require to take the risk to become the first company selling it.
As I stated above these are simply a few belonging to the reasons within the glass . your idea/product rejected a new company. Really take period to plumbing service and understand your market, your place in that market and study part to make yourself as marketable as we possibly can.