Many Inventors trying to get their product ideas to market are totally crushed by rejection. So, I thought I gives you a connected with some belonging to the reasons you should have gotten terminated. It does not cover every reason you have access to rejected, but hopefully make a something to look at.
You want realize that inventing is fundamentally a numbers competition! Yes, you still need to undertake a good idea but you’ll find that irrespective of how good an insurance policy you may think it is that you may 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 is usually profitable. Below are some common purposes why even marketable ideas are rejected.
1. A lot more claims may have also a full line of services not seeking add alot more.
2. Make use of this is outside their target market.
3. You sent your submission for the wrong person in 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, Steemit.Com and they usually rejected it solely on that basis.
5. You didn’t have proper contact regarding your submission move. (That is one of the most mistakes Inventors make. The corporation will not bother for you to trace you alongside.)
6. Possess too many similar products and that market is flooded adequately.
7. Your idea draws a little niche market and besides mass market items.
8. The cost to manufacture versus the return on investment is simply high.
9. Revenue sheet don’t WOW them and lacked consumer benefits information or was overloaded with a good deal information to sort through.
10. Your product has recently been patented by someone else and don’t want to determine if they can go around it or risk infringement elements.
11. Your products or idea isn’t compared to what is definitely on the marketplace. This tells them you did not research your idea well and inventhelp wiki won’t have a clue who the competitors is that are available.
12. You sent a machine that is exactly like their current product and that current device is a marginal seller. So yours won’t fare any better.
13. Your idea is outdated or perhaps is on the downswing in comparison to what is departing from out the following year.
14. They have a better solution than yours in the works for release that coming calendar months. (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior to your Inventor contacting the company about their idea. Goes on a entire 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 that Inventor.
16. An individual posted your idea unprotected online in a of those invention posting sites where others vote on your product to see if there is interest. Your public disclosure makes company concerned whether any patent protection will be allowed and turns it down based on that issue.
17. You posted your unprotected idea and video of the working prototype online and have a significant number of hits. This again raises the concern whether any patent would be possible because of your public disclosure.
18. You stated need an issued patent, whenever they participate in a quick look up your patent they see that it has lapsed due to non-payment of fees and it’s been lapsed significantly beyond the due associate with. Making the chances of it being reinstated unlikely.
19. You’ve a patent, and it was poorly written and also cover the actual product. (This happens a lot)
20. You then have a design patent and designing around your patent is an easy task, so that they can expect very little protection for sale.
21. Sometimes the company you have approached just doesn’t the outside ideas and doesn’t publicize that fact. So you get a rejection letter, but won’t matter explain they never look beyond the company.
22. You sent them your product but they have already decided on their line for the year or the following year and are not open to taking on anything else at period.
23. Simply consider items with a sales history they can review your item never been in production or sold stores or online. So do n’t want to consider the risk for being the first company advertising it.
As I stated above these are simply a few of the reasons within the glass . your idea/product rejected with company. Really take period to research the offers completely and understand your market, thefrisky.com your place in that market and do your part to create yourself as marketable as we possibly can.