Many Inventors trying to give their product ideas showcase are totally crushed by rejection. So, I thought I would provide a report on some of the reasons you can get gotten cast off. It does not cover every reason you could get rejected, but hopefully wanted something start thinking about.
You need to realize that inventing is fundamentally a numbers on the net game! Yes, you still need to have a good idea but you will discover that no matter how to patent a product idea good a perception you might think it is you can still get rejected. Many marketable ideas are rejected all time. Even if it does not make sense to you that they would reject an idea that they agree would be profitable. Here are a couple common the actual reason why even marketable ideas are rejected.
1. The company may now have a full-line of services not looking to add somewhat more.
2. Makes use of is outside their marketplace.
3. You sent your submission towards wrong an associate the company – don’t assume they’ll automatically send it to the correct one.
4. You sent premise unsolicited without contacting firm first to check their submission policy, and they usually rejected it solely on that essence.
5. You did not have proper contact information on your submission. (That is one of the greatest mistakes Inventors make. Corporation will not bother for you to trace you on paper.)
6. They’ve got too many similar products and that information mill flooded a sufficient quantity of.
7. Your idea appeals to a very little niche market and they want mass market items.
8. The cost to manufacture versus the return on investment is too high.
9. Your sales sheet in order how to get a patent on an idea WOW them and lacked consumer benefits information or was overloaded with significantly information to sort by simply.
10. Your product has been really patented by someone else and they don’t want to ascertain if they are around it or risk infringement factors.
11. Goods or idea isn’t much better than what is definitely on the actual marketplace. This tells them you didn’t research your idea very nicely and do not need a clue who your competition is in the market.
12. You sent a specific thing that is just like their current product and that current product is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or maybe on the downswing whenever compared with what isn’t too far off out the year after.
14. They have a better solution than yours in the works for release that coming annualy. (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. Goes on a masse. Inventors forget that they are not the only ones inventing.)
15. They have already received a comparable idea from another Inventor and are in negotiations with that Inventor.
16. An individual posted your idea unprotected online in one of those invention companies posting sites where others vote on your product to see if there is interest. Your public disclosure makes the company concerned whether any patent protection will be allowed and turns it down based on that ailment.
17. You posted your unprotected idea and video of the running prototype on youtube and have 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 have an issued patent, but when they participate in a quick browse your patent they discover that it has lapsed due to non-payment of fees and features been lapsed significantly after due associate with. Making the chances of it being reinstated unlikely.
19. You’ve got patent, but it was poorly written and will not cover specific product. (This happens a lot)
20. There is design patent and designing around your patent is a simple task, so that they can expect very little protection avaiable for purchase.
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 which are explain they don’t really look away from company.
22. You sent them your product but these have decided to the line for that 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 and then your item by no means been in production or sold stores or online. To ensure that do not need to consider the risk getting the first company to market it.
As I stated above these are just a few of the reasons you can have your idea/product rejected a new company. Really take time to do your research and understand your market, your place in that market and seek information part to create yourself as marketable as possible.