Many Inventors trying to give their product ideas selling are totally crushed by rejection. So, I thought I gives a report on some of your reasons you could have gotten terminated. It does not cover every reason you can get rejected, but hopefully wanted something to think about.
You really have to realize that inventing is fundamentally a numbers competition! Yes, you still need to have a good idea but you will discover that regardless how good understanding you may think it is that you may still get rejected. Many marketable ideas are rejected all time. Even if it doesn’t make sense to you that would likely reject an understanding that they agree is usually profitable. Here’s some common reasons why even marketable ideas are rejected.
1. The business may surely have a full line of providers not looking to add 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 off to the right one.
4. You sent are interested to produce unsolicited without contacting the company first to find out their submission policy, to begin with rejected it solely on that trigger.
5. You did not have proper contact about your the distribution. (That is one of the most mistakes Inventors make. The corporation will not bother for you to trace you alongside.)
6. Include too many similar services that market is flooded enough.
7. Your idea interests a very little niche market and besides mass market items.
8. The cost to manufacture versus the return on investment is simply high.
9. Profits sheet did not WOW them and lacked consumer benefits information or was overloaded with great deal information to sort with the aid of.
10. Your product has recently been patented by someone else and want to determine if they goes around it or risk infringement trouble.
11. Goods or idea isn’t much better than what is already on market. This tells them you did not research your idea very nicely and don’t need a clue who the competitors is looking.
12. You sent a machine that is strictly like their current product and that current strategy is a marginal seller. So yours won’t fare any better.
13. Your idea is outdated or perhaps on the downswing in comparison to what will be coming out a year later.
14. They already have a better solution than yours in the works for release that coming calendar months. (This is also where Inventors may scream the company stole their idea regardless of whether the company has already invested in molds, engineering, samples, etc prior for the Inventor contacting the company about their idea. Goes on a significant. Inventors forget that they aren’t the sole ones inventing.)
15. They have received a comparable idea from another Inventor and inventhelp caveman commercial are developed in negotiations with that Inventor.
16. You have posted your idea unprotected online a single of those invention posting sites where others vote on your products to verify that there is interest. Your public disclosure makes an additional concerned whether any patent protection may allowed and turns it down based on that give.
17. You posted your unprotected idea and video of the important prototype on youtube and have a significant quantity of hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated which you’ve got an issued patent, whenever they write a quick look up your patent they make it a point it has lapsed thanks to non-payment of fees and allows 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 and does not cover a lot more product. (This happens a lot)
20. You then have a design patent and designing around your patent is a simple task, which means they should expect very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t with outside ideas and doesn’t publicize i don’t know. So you get a rejection letter, but which are explain they cannot look beyond the company.
22. You sent them your product but they have already decided on your line for that year or go with the following year and are not open to taking on anything else at that time.
23. Really don’t consider items with a sales history they can review and then your item never been in production or sold stores or online. So they do not require to go ahead and take risk getting a patent the first company selling it.
As I stated above these are just a few with the reasons within the glass . your idea/product rejected the company. Really take the time to do your research and understand your market, your put into that market and InventHelp Number study part to make yourself as marketable maybe can.