Many Inventors trying to give their product ideas selling are totally crushed by rejection. So, I thought I offers a report on some belonging to the reasons you can get gotten discarded. It does not cover every reason you could get rejected, but hopefully plans and ideas something to look into.
You truly realize that inventing is fundamentally a numbers competition! Yes, you still need to own a good idea but you will discover that it doesn’t matter how good a perception you might think it is that gardeners can still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that they would reject an understanding that they agree would be profitable. Here are a couple common the logic behind why even marketable ideas are rejected.
1. This company may surely have a full line of services not looking to add very much more.
2. Product or service is outside their marketplace.
3. You sent your submission towards the wrong an affiliate the company – don’t assume they’ll automatically send it to the right one.
4. You sent the idea unsolicited without contacting group first recognize their submission policy, plus they also rejected it solely on that basis.
5. You didn’t have proper contact regarding your submission. (That is one of the most effective mistakes Inventors make. The machines will not bother for you to trace you down.)
6. Contain too many similar products and that market is flooded a sufficient quantity of.
7. Your idea appeals to a very small niche market and they want mass market items.
8. Price of to manufacture versus the return on investment is too high.
9. Income sheet did not WOW them and lacked consumer benefits information or was overloaded with great deal information to sort by simply.
10. Your products has been really patented by someone else and don’t want to see if they can go around it or risk infringement trouble.
11. Your product or idea isn’t better than what is already on the actual marketplace. This tells them you did not research your idea very well and won’t have a clue who competitors is looking.
12. You sent a service or product that is precisely like their current product and that current strategy is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or maybe on the downswing whenever compared with what is coming out the year after.
14. They already have a better solution than yours their 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 the Inventor contacting the company about their idea. Transpires a lot. Inventors forget that they aren’t ones creating.)
15. They have received to correct idea from another Inventor and are developed in negotiations with that Inventor.
16. You have posted your idea unprotected online in a of those new invention ideas posting sites where others vote on your products to see if there is interest. Your public disclosure makes an additional concerned whether any patent protection would eventually be allowed and turns it down in keeping with that situation.
17. You posted your unprotected idea and video of the running prototype on youtube and possess a significant quantity of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you own an issued patent, whenever they do a quick look on your patent they see that it has lapsed by way of non-payment of fees and has now been lapsed significantly following due marry. Making the chances of it being reinstated unlikely.
19. You have a patent, can be challenging was poorly written and doesn’t cover a lot more product. (This happens a lot)
20. You have a design patent and designing around your patent is a straightforward task, which means they should expect very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t take a outside ideas and does not publicize i don’t know. So you get a rejection letter, but won’t matter explain they don’t really look outside the company.
22. You sent them your product but these have decided to the line for the year or go with the following year and aren’t open to taking on anything else at that time.
23. They only consider items with a sales history they can InventHelp review nicely item has never been being produced or sold stores or InventHelp Success Stories online. In order that they do not require to consider the risk of being the first company to market it.
As I stated above these are just a few of the reasons your event may have your idea/product rejected along with a company. Really take time to plumbing service and understand your market, your invest that market and plenty of research part become worse yourself as marketable as we possibly can.