Many Inventors trying to generate their product ideas to market are totally crushed by rejection. So, I thought I would supply a regarding some of the reasons you could have gotten rejected. It does not cover every reason you can get rejected, but hopefully plans and ideas something to.
You really have to realize that inventing is fundamentally a numbers competition! Yes, you still need to get a good idea but you will find that irrespective of how good an inspiration you might think it is that you could still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that would likely reject an example that they agree could be profitable. Here are some common the actual reason why even marketable ideas are rejected.
1. The business may presently have a full line of products and not wanting to add alot more.
2. The product is outside their marketplace.
3. You sent your submission towards wrong an affiliate the company – don’t assume they’ll automatically send it to the right one.
4. You sent the idea unsolicited without contacting vehicle first to observe their submission policy, and they usually rejected it solely on that trigger.
5. You didn’t have proper contact regarding your submission. (That is one of the greatest mistakes Inventors make. The company will not bother to track you up.)
6. Contain too many similar providers that companies are flooded plenty of.
7. Your idea appeals to a small niche market and would like mass market items.
8. The cost to manufacture versus the return on investment is simply high.
9. Profits sheet don’t WOW them and lacked consumer benefits information or was overloaded with a good deal information to sort by simply.
10. Your product has happened to be patented by someone else and want to see if they can go around it or risk infringement factors.
11. Your product or idea isn’t much better what is definitely on the marketplace. This tells them you did not research your idea well and do not need a clue who your competition is in the industry.
12. You sent a machine that is just like their current product and that current device is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or possibly on the downswing in comparison to what isn’t too far off out the next year.
14. They already have a better solution than yours their works for release that coming yr. (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. This takes place a lot. Inventors forget that they are not the only ones inventing.)
15. They have received another similar idea from another Inventor and are working negotiations with that Inventor.
16. An individual posted your idea unprotected online a single of those InventHelp Invention News posting sites where others vote on goods to verify that there is interest. Your public disclosure makes the company concerned whether any patent protection would eventually be allowed and turns it down derived from that situation.
17. You posted your unprotected idea and video of the running prototype online 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, but when they perform quick search on your patent they see that it has lapsed thanks to non-payment of fees and it has been lapsed significantly following due marry. Making the chances of it being reinstated unlikely.
19. You’ve a patent, can be challenging was poorly written as well as cover the particular product. (This happens a lot)
20. You then have a design patent an invention and designing around your patent is a simple task, meaning that they can get very little protection that can be found.
21. Sometimes the company you have approached just doesn’t the outside ideas and does not publicize i’m not sure. So you get a rejection letter, but won’t matter explain they just don’t look right out the company.
22. You sent them your product but they have decided to the line for that year and therefore 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 nicely item never been being produced or sold stores or online. So do not want to take the risk to become the first company advertising it.
As I stated above these are simply a few within the reasons abdominal muscles your idea/product rejected a new company. Really take the time to on your own and InventHelp Intromark understand your market, your put into that market and seek information part different yourself as marketable as we possibly can.