Many Inventors trying to generate their product ideas to market are totally crushed by rejection. So, I thought I gives a involving some for the reasons you could have gotten terminated. It does not cover every reason you can get rejected, but hopefully as well as your something to.
You want realize that inventing is fundamentally a numbers competition! Yes, you still need to get a good idea but you will find that regardless how good an insurance policy you could imagine it is you can still get rejected. Many marketable ideas are rejected all period. Even if it doesn’t make sense to you that they would reject an image that they agree is usually profitable. Here are a couple common reasons why even marketable ideas are rejected.
1. They may now have a complete collection of products and not seeking add very much more.
2. The product is outside their marketplace.
3. You sent your submission towards wrong an associate the company – don’t assume they’ll automatically send it off to the right one.
4. You sent premise unsolicited without contacting firm first recognize their submission policy, in addition they rejected it solely on that agreement.
5. You didn’t have proper contact about your submission move. (That is one of the actual mistakes Inventors make. Corporation will not bother to you down.)
6. Contain too many similar products and that marketplace is flooded adequately.
7. Your idea appeals to a very little niche market and they want mass market items.
8. The price to manufacture versus the return on investment is too high.
9. Income sheet didnrrrt WOW them and lacked consumer benefits information or was overloaded with great deal information to sort by simply.
10. Your products has recently been patented by someone else and they just don’t want to find out if they should go around it or risk infringement issues.
11. Your product or idea isn’t compared to what is on the marketplace. This tells them you didn’t research your idea okay and do not need a clue who competition is that are available.
12. You sent a specific thing that is just like their current product and that current strategy is a marginal seller. So yours won’t fare any benefit.
13. Your idea is outdated or how to patent an idea perhaps is on the downswing when what isn’t too far off out one year afterwards.
14. They already have a better solution than yours their works for release that coming year. (This is also where Inventors may scream the company stole their idea even when the company has already invested in molds, engineering, samples, etc prior to your Inventor contacting the company about their idea. This happens a significant. Inventors forget that they aren’t the sole ones creating.)
15. These have received to correct idea from another Inventor and how to patent ideas are in negotiations with this Inventor.
16. You need to posted your idea unprotected online a single of those invention posting sites where others vote on your product to see if there is interest. Your public disclosure makes the actual concerned whether any patent protection would eventually be allowed and turns it down derived from that give.
17. You posted your unprotected idea and video of the working prototype on youtube 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 which you’ve got an issued patent, yet if they do a quick explore your patent they see that it has lapsed due to non-payment of fees and features been lapsed significantly beyond the due marry. Making the chances of it being reinstated unlikely.
19. There’s a patent, truly was poorly written and does not cover far more product. (This happens a lot)
20. You have a design patent and designing around your patent is a straightforward task, as a result they should be expecting very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t the outside ideas and does not publicize that fact. So you get a rejection letter, but websites explain they just do not look right out of the company.
22. You sent them your product but they have already decided their very own line for that year together with following year and aren’t open to taking on anything else at that time.
23. Really don’t consider items with a sales history they can review and your item never been in production or sold stores or online. So do not require to go ahead and take risk for being the first company selling it.
As I stated above these are only a few of the reasons within the glass . your idea/product rejected the company. Really take period to yourself and understand www.spinupgames.com your market, your commit that market and seek information part to create yourself as marketable as we possibly can.