Many Inventors trying to bring their product ideas to market are totally crushed by rejection. So, I thought I would supply a list of some of your 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 really have to realize that inventing is fundamentally a numbers gameplay! Yes, you still need to have a good idea but you’ll find that no matter how good understanding you might think 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 example that they agree could be profitable. Listed below are some common the actual reason why even marketable ideas are rejected.
1. This company may already have a complete collection of products and not trying to add alot more.
2. Product or service is outside their target market.
3. You sent your submission for the wrong an affiliate the company – don’t assume they’ll automatically send it to the right one.
4. You sent are interested to produce unsolicited without contacting corporation first to observe their submission policy, in addition they rejected it solely on that agreement.
5. You did not have proper contact regarding your division. (That is one of the greatest mistakes Inventors make. The machines will not bother to be able to you up.)
6. They have too many similar services that marketplace is flooded plenty of.
7. Your idea draws a very small niche market and besides mass market items.
8. Price of to manufacture versus the return on investment as well high.
9. Your sales sheet never did WOW them and lacked consumer benefits information or was overloaded with a lot information to sort through.
10. Your products has recently been patented by someone else and they just don’t want to determine if they goes around it or risk infringement elements.
11. Your product or idea isn’t much better than what has already been on the marketplace. This tells them you didn’t research your idea perfectly well and don’t own a clue who your competition is in the market.
12. You sent a product that is precisely like their current product and that current device is a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or perhaps is on the downswing in order to what will be coming out the next year.
14. They have a better solution than yours within works for release that coming . (This is also where Inventors may scream the company stole their idea whether or not the company has already invested in molds, l136 engineering, samples, etc prior into the Inventor contacting the company about their idea. Goes on a significant. Inventors forget that they are not the sole ones inventing.)
15. They have already received a similar idea from another Inventor and are in negotiations with that Inventor.
16. An individual posted your idea unprotected online in a single of those invention posting sites where others vote on your products to find out there is interest. Your public disclosure makes company concerned whether any patent protection would eventually be allowed and turns it down depending that issue.
17. You posted your unprotected idea and video of the significant prototype on youtube and have a significant involving hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you own an issued patent, help to they perform quick explore your patent they noticed that it has lapsed by way of non-payment of fees and has now been lapsed significantly over the due marry. Making the chances of it being reinstated unlikely.
19. There’s a patent, but it was poorly written as well as cover specific 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 for sale.
21. Sometimes the company you have approached just doesn’t with outside ideas and does not publicize everyone. So you get a rejection letter, http://gamboneroyce.tumblr.com/Post/183114564249/how-to-get-your-business-started-if-you-have-an but won’t matter explain they never look away from company.
22. You sent them your product but they have decided about their line for the year or the following year and are not open to taking on anything else at that time.
23. They only consider items with a sales history they can review and your item never been being produced or sold stores or online. So do not require to go ahead and take risk getting the first InventHelp Company News to market it.
As I stated above these are simply a few for this reasons you should have your idea/product rejected the company. Really take period to research the offers completely and understand your market, your invest that market and do your part different yourself as marketable as we possibly can.