Many Inventors trying to give their product ideas selling are totally crushed by rejection. So, I thought I offers a list of some belonging to the reasons you could obtain gotten denied. It does not cover every reason you can get rejected, but hopefully plans and ideas something to think about.
You really have to realize that inventing is fundamentally a numbers on-line! Yes, you still need to have a good idea but you will find that in spite of how good an insurance policy you may believe it is that you may still get rejected. Many marketable ideas are rejected all the time. Even if it doesn't make sense to you that they reject an understanding that they agree could be profitable. Here are some common reasons why even marketable ideas are rejected.
1. The business may have also a full-line of services not looking to add more.
2. Makes use of is outside their target market.
3. You sent your submission for the wrong person in the company - don't assume they'll automatically send it to the right one.
4. You sent premise unsolicited without contacting firm first to find out their submission policy, in addition they rejected it solely on that agreement.
5. You did not have proper contact about your submission move. (That is one of the greatest mistakes Inventors make. The corporation will not bother for you to trace you up.)
6. They've got too many similar products and that market is flooded plenty of.
7. Your idea appeals to a small niche market and desire mass market items.
8. Price of to manufacture versus the return on investment is simply high.
9. Your sales sheet in order to WOW them and lacked consumer benefits information or was overloaded with great deal information to sort indicates of.
10. Goods has happened to be patented by someone else and don't want to ascertain if they can go around it or risk infringement factors.
11. Your product or idea isn't better than what is on the marketplace. This tells them you didn't research your idea very well and don't have a clue who competition is in the market.
12. You sent a product that is strictly like their current product and inventhelp inventions store that current technique are a marginal seller. So yours won't fare any better.
13. Your idea is outdated or possibly on the downswing when what isn't too far off out a year later.
14. They have a better solution than yours in the works for release that coming year. (This is also where Inventors may scream the company stole their idea even when the company has already invested in molds, InventHelp Caveman Commercials engineering, samples, etc prior invention ideas to your Inventor contacting the company about their idea. Goes on a significant. Inventors forget that they aren't ones inventing.)
15. They have already received the identical idea from another Inventor and are developed in negotiations with that Inventor.
16. You need to posted your idea unprotected online a single of those invention posting sites where others vote on your product to verify that there is interest. Your public disclosure makes the actual concerned whether any patent protection would be allowed and turns it down based on that issue.
17. You posted your unprotected idea and video of the working prototype online and possess a significant regarding 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, whenever they begin a quick browse your patent they noticed that it has lapsed due to non-payment of fees and it has been lapsed significantly beyond the due associate with. Making the chances of it being reinstated unlikely.
19. You have a patent, and it was poorly written and also cover specific product. (This happens a lot)
20. You have a design patent and designing around your patent is a simple task, as a result they should expect very little protection for sale.
21. Sometimes the company you have approached just doesn't take a outside ideas and doesn't publicize individuals. So you get a rejection letter, but which are explain they just don't look outside the company.
22. You sent them your product but they have decided to the line for that year or the following year and aren't open to taking on anything else at that time.
23. The right amount . consider items with a sales history they can review together item never been in production or sold stores or online. So that they really do not require to consider the risk to become the first company to market it.
As I stated above these are simply a few of the reasons you should have your idea/product rejected along with a company. Really take time to do your research and understand your market, your commit that market and seek information part to make yourself as marketable as is feasible.