Many Inventors trying to generate their product ideas selling are totally crushed by rejection. So, I thought I would supply a report on some of your reasons you could have gotten denied. It does not cover every reason you have access to rejected, but hopefully it will give you something start thinking about.
You truly realize that inventing is fundamentally a numbers on the net game! Yes, you still need to enjoy a good idea but you’ll find that regardless how to pitch an invention idea to a company good understanding you could imagine it is that gardeners can still get rejected. Many marketable ideas are rejected all period. Even if it doesn’t make sense to you that they will reject an example that they agree that i see profitable. Here’s some common purposes why even marketable ideas are rejected.
1. This company may have also a full-line of products and not looking to add more.
2. Product or service is outside their target market.
3. You sent your submission into the wrong part of the company – don’t assume they’ll automatically send it off to the right one.
4. You sent one does this program unsolicited without contacting the company first to find their submission policy, in addition they rejected it solely on that source.
5. You didn’t have proper contact about your the distribution. (That is one of the most mistakes Inventors make. Corporation will not bother to track you on paper.)
6. They’ve got too many similar providers that companies are flooded adequately.
7. Your idea attracts a very little niche market and they want mass market items.
8. The price to manufacture versus the return on investment as well high.
9. Revenue sheet in order to WOW them and lacked consumer benefits information or was overloaded with a good deal information to sort with the aid of.
10. Your product has happened to be patented by someone else and don’t want to ascertain if they are around it or risk infringement factors.
11. Your product or idea isn’t compared to what has already been on market. This tells them you didn’t research your idea well and don’t own a clue who other sellers is looking.
12. You sent a service or product idea that is precisely like their current product and that current technique are a marginal seller. So yours will not fare much better.
13. Your idea is outdated or perhaps on the downswing whenever compared with what isn’t too far off out the following year.
14. They already have a better solution than yours their 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 your Inventor contacting the company about their idea. Goes on a lot. Inventors forget that they aren’t ones inventing.)
15. They have received a comparable idea from another Inventor how to patent an idea or product and are currently in negotiations with this Inventor.
16. You have posted your idea unprotected online in a of those invention posting sites where others vote on goods to check if there is interest. Your public disclosure makes company concerned whether any patent protection may allowed and turns it down derived from that issue.
17. You posted your unprotected idea and video of the running prototype on youtube and possess a significant connected with 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, but when they participate in a quick explore your patent they identify that it has lapsed resulting from non-payment of fees and it’s been lapsed significantly past the due associate with. Making the chances of it being reinstated unlikely.
19. There’s a patent, nevertheless was poorly written and doesn’t cover the actual product. (This happens a lot)
20. You have a design patent and designing around your patent is an easy task, as a result they should expect very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t look at outside ideas and doesn’t publicize everyone. So you get a rejection letter, but it doesn’t explain they cannot look beyond the company.
22. You sent them your product but they have already decided on their line for the year together with following year and are not open to taking on anything else at period.
23. The right amount . 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 consider the risk becoming the first company to offer it.
As I stated above these are simply a few within the reasons you can have your idea/product rejected a new company. Really take period to do your research and understand your market, your place in that market and study part become worse yourself as marketable as possible.