Many Inventors trying to make their product ideas selling are totally crushed by rejection. So, I thought I gives you a regarding some of the reasons you really can have gotten terminated. It does not cover every reason you could get rejected, but hopefully it will give you something to look into.
You need to realize that inventing is fundamentally a numbers on the net game! Yes, you still need to get a good idea but you will find that it doesn’t matter how good a perception you may think it that you may still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that they will reject an idea that they agree would be profitable. Here’s some common explanations why even marketable ideas are rejected.
1. The business may surely have a full-line of products and not desperate to add much more.
2. Urge for food is outside their target market.
3. You sent your submission to the wrong an associate the company – don’t assume they’ll automatically send it right one.
4. You sent are interested to produce unsolicited without contacting the company first to check their submission policy, to begin with rejected it solely on that agreement.
5. You did not have proper contact information on your division. (That is one of the most effective mistakes Inventors make. The machines will not bother for you to trace you decrease.)
6. Possess too many similar products and that information mill flooded proper.
7. Your idea draws a very small niche market and they want mass market items.
8. The cost to manufacture versus the return on investment is just too high.
9. Your sales sheet don’t WOW them and lacked consumer benefits information or was overloaded with significantly information to sort because of.
10. Goods has already been patented by someone else and they just don’t want to see if they goes around it or risk infringement problems.
11. Your products or idea isn’t better than what is already on the marketplace. This tells them you did not research your idea perfectly well and don’t need a clue who your competition is in the market.
12. You sent a product that is exactly like their current product and that current technique are a marginal seller. So yours will not fare any better.
13. Your idea is outdated or maybe on the downswing when what is on its way out the next year.
14. They already have a better solution than yours involving works for release that coming year. (This is also where Inventors may scream the company stole their idea whether or not the company has already invested in molds, engineering, samples, etc prior InventHelp Company to your Inventor contacting the company about their idea. This takes place a wonderful deal. Inventors forget that they are not the only ones inventing.)
15. They have already received another similar idea from another Inventor and are developed in negotiations with that Inventor.
16. You have posted your idea unprotected online in a of those invention companies posting sites where others vote on your products to find out there is interest. Your public disclosure makes an additional concerned whether any patent protection will be allowed and turns it down depending that give.
17. You posted your unprotected idea and video of the working prototype on youtube and possess a significant quantity of hits. It can raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you own an issued patent, yet if they write a quick search on your patent they see that it has lapsed by way of non-payment of fees and it’s been lapsed significantly beyond the due encounter. Making the chances of it being reinstated unlikely.
19. You’ve a patent, but it was poorly written and doesn’t cover the particular product. (This happens a lot)
20. You have a design patent and designing around your patent is a simple task, which means they should be expecting very little protection that can be found.
21. Sometimes the company you have approached just doesn’t from outside ideas and doesn’t publicize that fact. So you get a rejection letter, but which are explain they just don’t look right out the company.
22. You sent them your product but they have decided on your line for that year together with following year and aren’t open to taking on anything else at that time.
23. They only consider items with a sales history they can review and your item by no means been in production or sold stores or online. So they do n’t need to go ahead and take risk to become the first company to market it.
As I stated above these are just a few within the reasons within the glass . your idea/product rejected by a company. Really take the time to yourself and InventHelp New Store Products understand your market, your put in that market and homework part become worse yourself as marketable as possible.