Many Inventors trying to generate their product ideas selling are totally crushed by rejection. So, I thought I would supply a regarding some of the reasons you really can have gotten denied. It does not cover every reason you could get rejected, but hopefully it will give you something to look at.
You need to realize that inventing is fundamentally a numbers competition! Yes, you still need to undertake a good idea but you’ll find that no matter how to patent a product good an inspiration you might imagine it is that you may still get rejected. Many marketable ideas are rejected all time. Even if it doesn’t make sense to you that they reject an understanding that they agree this would definately be profitable. Listed below are some common purposes why even marketable ideas are rejected.
1. They may now have a full-line of products and not desperate to add somewhat more.
2. Urge for food is outside their marketplace.
3. You sent your submission towards wrong person in the company – don’t assume they’ll automatically send it right one.
4. You sent the idea unsolicited without contacting corporation first to find out their submission policy, and they rejected it solely on that source.
5. You did not have proper contact information on your submission move. (That is one of the most mistakes Inventors make. Corporation will not bother to monitor you decrease.)
6. Contain too many similar providers that companies are flooded plenty of.
7. Your idea appeals to a minimal niche market and desire mass market items.
8. The cost to manufacture versus the return on investment as well high.
9. Revenue sheet didnrrrt WOW them and market an invention idea lacked consumer benefits information or was overloaded with significantly information to sort through.
10. Your product has recently been patented by someone else and tend not to want to see if they are around it or risk infringement factors.
11. Your product or idea isn’t compared to what is already on market. This tells them you did not research your idea very well and do not need a clue who your competition is in the industry.
12. You sent a product that is precisely like their current product and that current strategy is a marginal seller. So yours will not fare any better.
13. Your idea is outdated or maybe on the downswing compared to what is on its way out the year after.
14. They already 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 even when the company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. This takes place a entire lot. Inventors forget that they aren’t the sole ones inventing.)
15. These have received a comparable idea from another Inventor and are typically negotiations with that Inventor.
16. A person posted your idea unprotected online in a single of those invention posting sites where others vote on goods to see whether there is interest. Your public disclosure makes the concerned whether any patent protection may allowed and turns it down depending that situation.
17. You posted your unprotected idea and video of the working prototype online and possess a significant connected with 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 write a quick look on your patent they see that it has lapsed due to non-payment of fees and features been lapsed significantly after due the present day. 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 an easy task, as a result they should expect very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t look at outside ideas and doesn’t publicize i’m not sure. So you get a rejection letter, but it doesn’t explain they don’t really look right out the company.
22. You sent them your product but they have already decided on your line for the year or that 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 and then your item by no means been being produced or sold stores or online. So do not want to take the risk getting the first company to offer it.
As I stated above these are simply a few of the reasons within the glass . your idea/product Idea rejected along with a company. Really take the time to on your own and understand your market, your put into that market and study part become worse yourself as marketable as possible.