Many Inventors trying to give their product ideas selling are totally crushed by rejection. So, I thought I gives you a report on some of the reasons you should have gotten terminated. It does not cover every reason you have access to rejected, but hopefully make a something start thinking about.
You need to realize that inventing is fundamentally a numbers gameplay! Yes, lorentsendrachmann4.wordpress.com you still need to own a good idea but you will discover that it doesn’t matter how to get a patent for an idea good an insurance policy you could imagine 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 certainly reject an understanding that they agree would be profitable. Below are some common explanations why even marketable ideas are rejected.
1. This company may already have a full line of providers not wanting to add somewhat more.
2. Make use of this is outside their target market.
3. You sent your submission to the wrong person in the company – don’t assume they’ll automatically send it off to the right one.
4. You sent are interested to produce unsolicited without contacting group first to check their submission policy, and they rejected it solely on that essence.
5. You didn’t have proper contact about your division. (That is one of the most effective mistakes Inventors make. The company will not bother to track you alongside.)
6. Contain too many similar services that companies are flooded adequately.
7. Your idea interests a minimal niche market and desire mass market items.
8. The cost to manufacture versus the return on investment is too high.
9. Income sheet did not WOW them and lacked consumer benefits information or was overloaded with too much information to sort with the aid of.
10. Your products has have been patented by someone else and tend not to want to ascertain if they are around it or risk infringement issues.
11. Your products or idea isn’t compared to what is on market. This tells them you didn’t research your idea perfectly well and won’t have a clue who the competitors is in the market.
12. You sent a product that is just like their current product and that current product is a marginal seller. So yours will not fare much better.
13. Your idea is outdated or perhaps on the downswing in comparison to what isn’t too far off out the next year.
14. They have a better solution than yours involving works for release that coming annualy. (This is also where Inventors may scream the company stole their idea if the company has already invested in molds, engineering, samples, etc prior on the Inventor contacting the company about their idea. This happens a wonderful deal. Inventors forget that they are not the sole ones creating.)
15. They have received a similar idea from another Inventor and are in negotiations with that Inventor.
16. You need to posted your idea unprotected online a single of those invention posting sites where others vote on your products to verify that there is interest. Your public disclosure makes the actual concerned whether any patent protection would be allowed and turns it down in keeping with that give.
17. You posted your unprotected idea and video of the running prototype online and possess a significant involving hits. It can raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you own an issued patent, whenever they participate in a quick search on your patent they make it a point it has lapsed due to non-payment of fees and it’s been lapsed significantly over the due associate with. Making the chances of it being reinstated unlikely.
19. There’s a patent, can be challenging was poorly written and also cover the actual product. (This happens a lot)
20. You will have a design patent and designing around your patent is an easy task, so that they should expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t the outside ideas and does not publicize everyone. So you get a rejection letter, but websites explain they just do not look right out the company.
22. You sent them your product but they have decided their very own line for the year or that the following year and are not open to taking on anything else at period.
23. They only consider items with a sales history they can review and then your item by no means been in production or sold stores or online. So they do not need to consider the risk for being the first company selling it.
As I stated above these are simply a few within the reasons your event may have your idea/product rejected along with a company. Really take time how to patent an idea or product yourself and understand your market, your place in that market and do your part to make yourself as marketable as it can.