Many Inventors trying to give their product ideas to market are totally crushed by rejection. So, I thought I would provide a involving some of the reasons you could obtain gotten denied. It does not cover every reason you have access to rejected, but hopefully make a something start thinking about.
You need to realize that inventing is fundamentally a numbers gameplay! 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 think it is you can still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that they reject an example that they agree this would definately be profitable. Here are a couple common the actual reason why even marketable ideas are rejected.
1. The business may presently have a complete collection of providers not desperate to add alot more.
2. Product or service is outside their target market.
3. You sent your submission towards wrong person in the company – don’t assume they’ll automatically send it to the correct one.
4. You sent one does this program unsolicited without contacting firm first to find their submission policy, in addition they rejected it solely on that agreement.
5. You did not have proper contact about your division. (That is one of the actual mistakes Inventors make. An additional will not bother to be able to you down.)
6. They’ve got too many similar services that information mill flooded plenty of.
7. Your idea attracts a minimal niche market and desire mass market items.
8. The cost to manufacture versus the return on investment is too high.
9. Income sheet never did WOW them and lacked consumer benefits information or was overloaded with a good deal information to sort because of.
10. Your products has recently been patented by someone else and they just don’t want to find out if they might go around it or risk infringement factors.
11. Your products or idea isn’t better than what is on the marketplace. This tells them you did not research your idea well and don’t own a clue who other sellers is thats available.
12. You sent a product that is strictly 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 Your idea is outdated or is on the downswing in order to what is on its way out one year afterwards.
14. They already 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 although the company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. Transpires a lot. Inventors forget that they are not the only ones creating.)
15. They have already received a similar idea from another Inventor and are working negotiations with this Inventor.
16. You need to posted your idea unprotected online a single of those invention companies posting sites where others vote on your product to see whether there is interest. Your public disclosure makes the concerned whether any patent an idea protection would eventually be allowed and turns it down depending that give.
17. You posted your unprotected idea and video of the important 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 have an issued patent, help to they begin a quick look on your patent they identify that it has lapsed resulting from non-payment of fees and has now been lapsed significantly after due associate with. Making the chances of it being reinstated unlikely.
19. You’ve a patent, but it was poorly written and doesn’t cover far more product. (This happens a lot)
20. It is easy to design patent and designing around your patent is a simple task, meaning that 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 i don’t know. 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 already decided about their line for the year together with 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 together item has never been in production or sold stores or online. So that they really do not require to go ahead and take risk getting the first company advertising it.
As I stated above these are a few of the reasons you can have your idea/product rejected a new company. Really take time to do your research and understand your market, your put in that market and seek information part to make yourself as marketable as possible.