Many Inventors trying to get their product ideas selling are totally crushed by rejection. So, I thought I would supply a report on some of this reasons you could have gotten cast off. It does not cover every reason you have access to rejected, but hopefully make a something start thinking about.
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 irrespective of how to pitch an idea to a company good understanding you may believe it is that you may still get rejected. Many marketable ideas are rejected all period. Even if it does not make sense to you that they reject an example that they agree could be profitable. Here are some common reasons why even marketable ideas are rejected.
1. The business may now have a full line of products and not trying to add very much more.
2. The product idea is outside their marketplace.
3. You sent your submission towards the wrong person in the company – don’t assume they’ll automatically send it on the right one.
4. You sent are interested to produce unsolicited without contacting the company first to find out their submission policy, plus they also rejected it solely on that essence.
5. You didn’t have proper contact information on your submission. (That is one of the most effective mistakes Inventors make. The machines will not bother to you on paper.)
6. They’ve got too many similar products and that information mill flooded adequately.
7. Your idea interests a small niche market and they want mass market items.
8. The cost to manufacture versus the return on investment is simply high.
9. Income sheet never did WOW them and lacked consumer benefits information or was overloaded with great deal information to sort through.
10. Your products has happened to be patented by someone else and don’t want to ascertain if they should go around it or risk infringement issues.
11. Your products or idea isn’t much better than what is definitely on the marketplace. This tells them you didn’t research your idea very nicely and won’t have a clue who competitors is that are available.
12. You sent a service or product that is precisely like their current product and that current device is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or is on the downswing when what is coming out the following year.
14. They have a better solution than yours within works for release that coming year. (This is also where Inventors may scream the company stole their idea whether or not the company has already invested in molds, engineering, samples, etc prior on the Inventor contacting the company about their idea. Transpires a lot. Inventors forget that they are not the sole ones inventing.)
15. They have already received a similar idea from another Inventor and are currently in negotiations with this Inventor.
16. A person posted your idea unprotected online in a of those invention posting sites where others vote on goods to check if there is interest. Your public disclosure makes the concerned whether any patent protection may allowed and turns it down based on that ailment.
17. You posted your unprotected idea and video of the significant prototype online and have a significant connected with hits. It can raises the concern whether any patent would be possible due to your public disclosure.
18. You stated need an issued patent, but when they write a quick look up your patent they make it a point it has lapsed by way of non-payment of fees and features been lapsed significantly beyond the due the present day. Making the chances of it being reinstated unlikely.
19. There’s a patent, but it was poorly written and does not cover the particular product. (This happens a lot)
20. You have a design patent and designing around your patent is a straightforward task, to ensure that you they can get very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t from outside ideas and does not publicize that fact. So you get a rejection letter, but websites explain they just do not look beyond the company.
22. You sent them your product but they have already decided about their line for that year and therefore 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 your item by no means been being produced or sold stores or online. In order that they do n’t need to take the risk becoming 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 a new company. Really take the time to yourself and understand your market, your invest that market and can i patent an idea do your part things yourself as marketable as is feasible.