Many Inventors trying to generate their product ideas selling are totally crushed by rejection. So, I thought I offers a report on some for the reasons you should have gotten terminated. It does not cover every reason you can get rejected, but hopefully it will give you something to look into.
You really have to realize that inventing is fundamentally a numbers competition! Yes, you still need to undertake a good idea but you will find that it doesn’t matter how good an insurance policy you may believe 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 they reject an understanding that they agree would be profitable. Here are some common purposes why even marketable ideas are rejected.
1. A lot more claims may surely have a full line of InventHelp Products and not desperate to add much more.
2. Product or service is outside their marketplace.
3. You sent your submission to the wrong person in 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 agreement.
5. You didn’t have proper contact regarding your entry. (That is one of the greatest mistakes Inventors make. The company will not bother to be able to you alongside.)
6. They’ve got too many similar InventHelp Products and that market is flooded a sufficient quantity of.
7. Your idea interests a little niche market and would like mass market items.
8. Price of to manufacture versus the return on investment is too high.
9. Profits sheet don’t WOW them and lacked consumer benefits information or was overloaded with a lot information to sort with the aid of.
10. Goods has happened to be patented by someone else and they just don’t want to see if they goes around it or risk infringement elements.
11. Your product or idea isn’t much better what is definitely on the marketplace. This tells them you didn’t research your idea very nicely and won’t have a clue who the competitors is that are available.
12. You sent a product that is strictly like their current product and that current device is a marginal seller. So yours won’t fare much better.
13. Your idea is outdated or perhaps is on the downswing whenever compared with what is departing from out a year later.
14. They have a better solution than yours within works for release that coming year. (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. This happens a wonderful deal. Inventors forget that they aren’t ones inventing.)
15. They have received a similar idea from another Inventor and new invention ideas are typically negotiations with that Inventor.
16. A person posted your idea unprotected online a single of those invention posting sites where others vote on goods to check if there is interest. Your public disclosure makes the actual concerned whether any patent protection would eventually be allowed and turns it down in accordance to that situation.
17. You posted your unprotected idea and video of the functional prototype on youtube and have a significant regarding hits. It can raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you have an issued patent, however they write a quick look on your patent they noticed that it has lapsed thanks to non-payment of fees and features been lapsed significantly beyond the due marry. Making the chances of it being reinstated unlikely.
19. You have a patent, and it was poorly written and will not cover specific product. (This happens a lot)
20. You will have a design patent and designing around your patent is a straightforward task, to ensure that you they should be expecting very little protection that can be found.
21. Sometimes the company you have approached just doesn’t with outside ideas and doesn’t publicize that fact. So you get a rejection letter, but permit you explain they never look right out the company.
22. You sent them your product but they have already decided about their line for the year or go with the following year and are not open to taking on anything else at period.
23. Sufficiently consider items with a sales history they can review together item never been being produced or sold stores or online. To ensure that do not require to take the risk of being the first company advertising it.
As I stated above these are only a few of the reasons your event may have your idea/product rejected a new company. Really take time to yourself and understand your market, your put in that market and do your part to create yourself as marketable as is feasible.