how to pitch an invention idea to a company https://www.domovital.com/3790/inventhelp-reviews-new-details-on-the-subject/. Many Inventors trying to get their product ideas promote are totally crushed by rejection. So, I thought I offers a regarding some of your reasons you can get gotten terminated. It does not cover every reason you can get rejected, but hopefully wanted something start thinking about.
You really have to realize that inventing is fundamentally a numbers on the net game! Yes, you still need to own a good idea but you will find that irrespective of how good an idea 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 understanding that they agree is usually profitable. Below are some common purposes why even marketable ideas are rejected.
1. The company may surely have a full-line of products and not desperate to add much 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 to the correct one.
4. You sent viewed as unsolicited without contacting group first to check their submission policy, and they usually rejected it solely on that agreement.
5. You did not have proper contact about your submission. (That is one of the greatest mistakes Inventors make. The company will not bother to monitor you up.)
6. Contain too many similar providers that market is flooded enough.
7. Your idea interests a minimal niche market and they want mass market items.
8. The price 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 indicates of.
10. Your product has been really patented by someone else and don’t want to see if they should go around it or risk infringement elements.
11. Your products or idea isn’t compared to what has already been on the marketplace. This tells them you didn’t research your idea very nicely and don’t own a clue who other sellers is in the industry.
12. You sent a specific thing that is exactly like their current product and that current device is a marginal seller. So yours won’t fare any better.
13. Your idea is outdated or maybe on the downswing compared to what is departing from out the next year.
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 if the company has already invested in molds, engineering, samples, etc prior for the Inventor contacting the company about their idea. This takes place a lot. Inventors forget that they are not the only ones inventing.)
15. They have already received a comparable idea from another Inventor and are developed in negotiations with that Inventor.
16. You need to posted your idea unprotected online inside a of those invention posting sites where others vote on goods to find out there is interest. Your public disclosure makes an additional concerned whether any patent protection will be allowed and turns it down based on that send.
17. You posted your unprotected idea and video of the important prototype on youtube and have a significant involving hits. It can raises the concern whether any patent would be possible because of your public disclosure.
18. You stated that you should have an issued patent, however they begin a quick look on your patent they discover that it has lapsed by way of non-payment of fees and features been lapsed significantly past the due encounter. Making the chances of it being reinstated unlikely.
19. There’s a patent, and it was poorly written and also cover specific product. (This happens a lot)
20. You then have a design patent and designing around your patent is a straightforward task, so that they can get very little protection in the marketplace.
21. Sometimes the company you have approached just doesn’t with outside ideas and does not publicize individuals. So you get a rejection letter, but permit you explain they cannot look outside the company.
22. You sent them your product but they have decided about their line for the year or go with the following year and are not open to taking on anything else at that time.
23. Sufficiently consider items with a sales history they can review and your item has never been in production or sold stores or online. So that they really do n’t want to consider the risk becoming the first company to encourage it.
As I stated above these are a few of the reasons within the glass . your idea/product rejected the company. Really take the time to do your research and understand your market, how to invent a product your put in that market and do your part become worse yourself as marketable as it can.