Many Inventors trying to get their product ideas selling are totally crushed by rejection. So, I thought I would supply a regarding some for the reasons you can get gotten denied. It does not cover every reason you have access to rejected, but hopefully make a something to think about.
You want realize that inventing is fundamentally a numbers gameplay! Yes, you still need to enjoy a good idea but you’ll find that in spite of how to pitch an invention idea to a company good an idea you might think it 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 idea that they agree is usually profitable. Below are some common purposes why even marketable ideas are rejected.
1. They may now have a full-line of services not wanting to add much more.
2. Make use of this is outside their marketplace.
3. You sent your submission towards wrong part of the company – don’t assume they’ll automatically send it to the correct one.
4. You sent are interested to produce unsolicited without contacting the company first to find their submission policy, plus they also rejected it solely on that basis.
5. You didn’t have proper contact about your submission. (That is one of the most mistakes Inventors make. The machines will not bother to monitor you alongside.)
6. They have too many similar products and that companies are flooded a sufficient quantity of.
7. Your idea draws a very little niche market and besides 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 have been patented by someone else and tend not to want to ascertain if they might go around it or risk infringement issues.
11. Goods or idea isn’t better than what has already been on the market. This tells them you did not research your idea very nicely and don’t have a clue who the competitors is looking.
12. You sent a procedure that is precisely like their current new product idea and that current product is a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or perhaps is on the downswing whenever compared with what is coming out one year afterwards.
14. They already have a better solution than yours the actual world works for release that coming yr. (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 your Inventor contacting the company about their idea. Goes on a lot. Inventors forget that they aren’t the sole ones creating.)
15. These have received a comparable idea from another Inventor and are typically negotiations with this Inventor.
16. Include posted your idea unprotected online in one of those invention ideas posting sites where others vote on your products to see whether there is interest. Your public disclosure makes the company concerned whether any patent protection would eventually be allowed and turns it down in accordance to that send.
17. You posted your unprotected idea and video of the functional prototype online and have a significant regarding hits. It can raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you own an issued patent, but when they begin a quick explore your patent they noticed that it has lapsed due to non-payment of fees and it has been lapsed significantly after due date. Making the chances of it being reinstated unlikely.
19. You’ve got patent, but it was poorly written and will not cover the particular product. (This happens a lot)
20. There is design patent and designing around your patent is a simple task, which means they can expect very little protection that can be found.
21. Sometimes the company you have approached just doesn’t look at outside ideas and does not publicize everyone. So you get a rejection letter, but won’t matter explain they just don’t look beyond the company.
22. You sent them your product but they have decided about their line for the year or go with the following year and are not open to taking on anything else at period.
23. Simply consider items with a sales history they can review and then your item has never been in production or sold stores or online. So that they really do n’t need to take the risk getting the first company selling it.
As I stated above these are simply a few with the reasons within the glass . your idea/product rejected with company. Really take period to on your own and understand your market, your place in that market and do your part to create yourself as marketable as is feasible.