Many Inventors trying to get their product ideas to market are totally crushed by rejection. So, I thought I gives you a list of some belonging to the reasons you really can have gotten denied. It does not cover every reason you can get rejected, but hopefully as well as your something to look at.
You wish to realize that inventing is fundamentally a numbers game! Yes, you still need to have a good idea but you will find that regardless how good an idea 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 would certainly reject an image that they agree would be profitable. Here are some common explanations why even marketable ideas are rejected.
1. They may have also a full line of services not desperate to add very much more.
2. Urge for food is outside their target market.
3. You sent your submission to the wrong an affiliate the company – don’t assume they’ll automatically send it on the right one.
4. You sent premise unsolicited without contacting corporation first to observe their submission policy, and they rejected it solely on that trigger.
5. You didn’t have proper contact regarding your submission move. (That is one of the greatest mistakes Inventors make. An additional will not bother to track you up.)
6. Contain too many similar providers that companies are flooded a sufficient quantity of.
7. Your idea draws a little niche market and besides mass market items.
8. Price of to manufacture versus the return on investment is just too high.
9. Income sheet did not WOW them and lacked consumer benefits information or was overloaded with a lot information to sort by simply.
10. Goods has been really patented by someone else and want to see if they can go around it or risk infringement problems.
11. Goods or idea isn’t compared to what is already on the actual marketplace. This tells them you didn’t research your idea very nicely and don’t have a clue who the competitors is that are available.
12. You sent a product that is strictly like their current product and that current technique are a marginal seller. So yours will not fare much better.
13. Your idea is outdated or perhaps on the downswing when what isn’t too far off out one year afterwards.
14. They already have a better solution than yours within works for release that coming . (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 into the Inventor InventHelp Locations contacting the company about their idea. This happens a lot. Inventors forget that they are not the only ones inventing.)
15. They have received another similar idea from another Inventor and are working negotiations with this Inventor.
16. You need to posted your idea unprotected online inside a of those invention posting sites where others vote on your products to check if there is interest. Your public disclosure makes an additional concerned whether any patent protection would eventually be allowed and turns it down depending that situation.
17. You posted your unprotected idea and video of the important prototype online and have a significant connected with hits. It can raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you have an issued patent, yet if they do a quick look up your patent they see that it has lapsed due to non-payment of fees and it’s been lapsed significantly over the due encounter. Making the chances of it being reinstated unlikely.
19. There’s a patent, but it was poorly written and doesn’t cover the particular product. (This happens a lot)
20. You will have a design patent and designing around your patent is a straightforward task, to ensure that you they should expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t with outside ideas and doesn’t publicize individuals. So you get a rejection letter, but websites explain they never look right out of the company.
22. You sent them your product but these have decided their very own line for that year or the following year and aren’t open to taking on anything else at that time.
23. Really don’t consider items with a sales history they can review and then your item by no means been in production or sold stores or InventHelp George Foreman Commercials online. So that they really do not need to take the risk to become the first company to market it.
As I stated above these are a few for this reasons within the glass . your idea/product rejected along with a company. Really take time to research the offers completely and understand your market, your place in that market and plenty of research part become worse yourself as marketable as is feasible.