Many Inventors trying to make their new product idea ideas to market are totally crushed by rejection. So, I thought I would provide a report on some belonging to the reasons you can get gotten rejected. It does not cover every reason you have access to rejected, but hopefully plans and ideas something to.
You truly realize that inventing is fundamentally a numbers competition! Yes, you still need to have a good idea but you’ll find that no matter how good understanding you could imagine it is that gardeners can still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that they reject an understanding that they agree this would definately be profitable. Below are some common reasons why even marketable ideas are rejected.
1. This company may surely have a complete collection of services not seeking add very much more.
2. Make use of this 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 right one.
4. You sent one does this program unsolicited without contacting firm first to check their submission policy, and they usually rejected it solely on that trigger.
5. You did not have proper contact about your submission. (That is one of the highest mistakes Inventors make. The corporation will not bother to monitor you alongside.)
6. Include too many similar products and that companies are flooded plenty of.
7. Your idea interests a very little niche market and besides mass market items.
8. The price to manufacture versus the return on investment is simply high.
9. Income sheet don’t WOW them and lacked consumer benefits information or was overloaded with too much information to sort through.
10. Your product has recently been patented by someone else and don’t want to ascertain if they might go around it or risk infringement factors.
11. Your product or idea isn’t better than what has already been on the marketplace. This tells them you didn’t research your idea well and don’t have a clue who your competition is thats available.
12. You sent a procedure that is precisely like their current new product ideas and that current product is a marginal seller. So yours won’t fare any better.
13. Your idea is outdated or perhaps on the downswing whenever compared with what will be coming out a year later.
14. They have a better solution than yours the actual world works for release that coming calendar months. (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior on the Inventor contacting the company about their idea. Takes place a lot. Inventors forget that they aren’t ones inventing.)
15. They have received a comparable idea from another Inventor and are working negotiations with that Inventor.
16. Include posted your idea unprotected online in a single of those invention posting sites where others vote on your products to see if there is interest. Your public disclosure makes an additional concerned whether any patent protection will be allowed and turns it down in accordance to that ailment.
17. You posted your unprotected idea and video of the working prototype online and possess 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 should have an issued patent, yet if they do a quick look on your patent they make it a point it has lapsed due to non-payment of fees and features been lapsed significantly past the due encounter. Making the chances of it being reinstated unlikely.
19. You’ve got patent, nevertheless was poorly written and doesn’t cover the particular product. (This happens a lot)
20. You will have a design patent and designing around your patent is a straightforward task, which means they should expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t look at outside ideas and does not publicize individuals. So you get a rejection letter, but permit you explain they just do not look right out the company.
22. You sent them your product but they have decided about their line for the year and therefore following year and are not open to taking on anything else at period.
23. Sufficiently consider items with a sales history they can review nicely item has never been in production or sold stores or inventions online. So that they really do n’t need to take the risk becoming the first company advertising it.
As I stated above these are simply a few of the reasons abdominal muscles your idea/product rejected with company. Really take the time to on your own and understand your market, your place in that market and plenty of research part to create yourself as marketable as is feasible.