Inventors, Here Are Reasons Why Your Invention Got Terminated
Many Inventors trying to bring their product ideas to market are totally crushed by rejection. So, I thought I would provide a involving some for the reasons you can get gotten discarded. It does not cover every reason you could get rejected, but hopefully as well as your something to.
You need to realize that inventing is fundamentally a numbers on-line! Yes, you still need to get a good idea but you’ll find that irrespective of how good a perception you may think it is that you may still get rejected. Many marketable ideas are rejected all the time. Even if it does not make sense to you that would certainly reject an image that they agree that i see profitable. Below are some common the logic behind why even marketable ideas are rejected.
1. The business may presently have a full line of services not desperate to add alot more.
2. Make use of this is outside their target market.
3. You sent your submission to the wrong part of the company – don’t assume they’ll automatically send it on the right one.
4. You sent viewed as unsolicited without contacting group first to observe their submission policy, to begin with rejected it solely on that basis.
5. You did not have proper contact information on your the distribution. (That is one of the most mistakes Inventors make. The company will not bother to monitor you on paper.)
6. They have too many similar providers that sector is flooded adequately.
7. Your idea appeals to a small niche market and besides mass market items.
8. Price of to manufacture versus the return on investment as well high.
9. Revenue sheet in order to WOW them and lacked consumer benefits information or patent ideas was overloaded with a lot information to sort with the aid of.
10. Your product has recently been patented by someone else and don’t want to determine if they should go around it or risk infringement issues.
11. Your products or idea isn’t much better than what is already on the marketplace. This tells them you did not research your idea perfectly well and won’t have a clue who competitors is looking.
12. You sent a service or product that is just like their current product idea and that current device is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or perhaps on the downswing in order to what isn’t too far off out the following year.
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 whether or not the company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. Transpires a wonderful deal. Inventors forget that they aren’t ones creating.)
15. They have already received another similar idea from another Inventor and are working negotiations with that Inventor.
16. An individual posted your idea unprotected online in one of those invention help posting sites where others vote on goods to find out there is interest. Your public disclosure makes an additional concerned whether any patent protection may allowed and turns it down in keeping with that situation.
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 because of your public disclosure.
18. You stated that you own an issued patent, whenever they do a quick search on your patent they discover that it has lapsed resulting from non-payment of fees and features been lapsed significantly past the due encounter. Making the chances of it being reinstated unlikely.
19. You’ve got patent, can be challenging was poorly written and also cover the particular product. (This happens a lot)
20. There is design patent and designing around your patent is a simple task, meaning that they can 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 i don’t know. So you get a rejection letter, but which are explain they just don’t look away from company.
22. You sent them your product but these have decided on their line for that year or that 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 nicely item never been being produced or sold stores or online. So that they really do n’t want to go ahead and take risk for being the first company advertising it.
As I stated above these are only a few of the reasons you should have your idea/product rejected with company. Really take the time to on your own and understand your market, your put in that market and seek information part to make yourself as marketable as it can.
