Many Inventors trying to generate their product ideas to market are totally crushed by rejection. So, I thought I gives a involving some of your reasons you can get gotten terminated. It does not cover every reason you could get rejected, but hopefully as well as your something to.
You really have 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 a perception you could imagine it that you may still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that would certainly reject an idea that they agree would be profitable. Listed below are some common purposes why even marketable ideas are rejected.
1. This company may now have a full-line of products and not seeking add alot more.
2. The product is outside their target market.
3. You sent your submission for the wrong part of the company – don’t assume they’ll automatically send it to the correct one.
4. You sent premise unsolicited without contacting the company first recognize their submission policy, www.diigo.com and they usually rejected it solely on that agreement.
5. You didn’t have proper contact information on your submission. (That is one of the greatest mistakes Inventors make. The company will not bother to you down.)
6. Possess too many similar services that market is flooded adequately.
7. Your idea draws a minimal niche market and besides mass market items.
8. The cost 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 too much information to sort with the aid of.
10. Goods has recently been patented by someone else and they just don’t want to see if they might go around it or risk infringement problems.
11. Your product or idea isn’t much better than what is definitely on the actual marketplace. This tells them you didn’t research your idea perfectly well and won’t have a clue who the competitors is in the industry.
12. You sent a machine that is strictly like their current product and that current product is a marginal seller. So yours won’t fare any benefit.
13. Your idea is outdated or perhaps is on the downswing in comparison to what is on its way out a year later.
14. They already have a better solution than yours involving works for release that coming . (This is also where Inventors may scream the company stole their idea even when the company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. Transpires a entire lot. Inventors forget that they aren’t the sole ones creating.)
15. These have received to correct idea from another Inventor and are in negotiations with that inventor ideas.
16. You need to posted your idea unprotected online in a of those invention posting sites where others vote on your products to verify that there is interest. Your public disclosure makes the concerned whether any patent protection would be allowed and turns it down based on that situation.
17. You posted your unprotected idea and video of the important prototype online and possess a significant quantity of hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated need an issued patent, whenever they perform quick look on your patent they make it a point it has lapsed due to non-payment of fees and it’s been lapsed significantly past the due associate with. Making the chances of it being reinstated unlikely.
19. You have a patent, truly was poorly written and does not cover the actual product. (This happens a lot)
20. There is design patent and designing around your patent is a straightforward task, inventors help which means they should be expecting very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t look at outside ideas and doesn’t publicize that fact. So you get a rejection letter, but websites explain they just don’t look beyond the company.
22. You sent them your product but they have already decided on your line for that year or the following year and are not open to taking on anything else at that time.
23. Simply consider items with a sales history they can review and your item never been in production or sold stores or online. To ensure that do not want to go ahead and take risk for being the first company to offer it.
As I stated above these are simply a few with the reasons you should have your idea/product rejected the company. Really take time to do your research and understand your market, your put into that market and study part different yourself as marketable as possible.