Many inventors are completely crushed by rejection trying to bring their product ideas to market. So, I thought I’d provide a list of a few reasons you might refuse. It doesn’t cover every reason you might reject, but hopefully it will give you something to think about.
You have to understand that the invention is basically a number game! Yes, you still need to have a good idea but you will see that no matter how good the idea is you can still reject it. Many marketable ideas are always rejected. Even if it doesn’t make sense to you, they will reject the idea that they will agree to be profitable. Here are some common reasons why even marketing ideas are rejected.
1. The company may already have a complete line of products and does not want to add more.
2. The product is out of their target market.
3. You’ve sent your deposit to the wrong person at the company – don’t assume they’ll automatically send it to the right person.
4. You sent the idea unreasonably without first contacting the company to find out their submission policy, and they simply rejected it on that basis.
5. There is no proper contact information regarding your submission. (This is one of the biggest mistakes inventors make. The company won’t track you down)
They. They have many similar products and that market is quite flooded.
Your. Your idea applies to a very small niche market and they want mass market items.
. The cost of production versus the cost of investment is very high.
9. Your sales sheet didn’t wow them and consumers lacked information of benefit or were overloaded to pick with too much information.
10. Your product has already been patented by someone else and they don’t want to see it or see if it could risk infringement issues.
11. Your product or idea is no better than what you already have in the market. It tells them that you haven’t researched your idea very well and have no idea who is in your competitive market.
12. You sent a product that looked like their current product and that current product is a marginal seller. So you won’t have a good rent anymore.
13. Your idea is in downswing compared to what will come of old or next year.
14. They already have better solutions than you in next year’s release works. (This is where inventors have already invested in molds, engineering, samples, etc. before the company contacts them about their ideas. The company may even steal their ideas. This happens a lot.
15. They have already received similar ideas from another inventor and are in discussions with that inventor.
16. You’ve safely posted your idea online on one of the innovation posting sites where you post your vote to see if others are interested in your product. Your public disclosure worries the company that any patent protection will be allowed and removes it based on that issue.
17. You have posted videos of your protected ideas and working prototypes on YouTube and have a significant number of hits. This again raises concerns about whether a patent will be possible due to your public disclosure.
18. You said you have a patent issued, but when they search your patent immediately they see that it has lapsed due to non-payment of fees and it has lagged significantly behind the due date. This makes it possible to recover.
19. You have a patent but it is not well written and does not cover the original product. (It happens a lot)
20. You have a design patent and designing around your patent is an easy task, which means they can expect very little protection in the market.
21. Sometimes the organization you contact doesn’t just look at outside ideas and doesn’t spread the truth. So you’ve got a rejection letter, but that doesn’t explain that they’re not just looking outside the organization.
22. You have sent them your product but they have already decided for their year or next year and are not open to receiving anything else at that time.
23. They can only consider items with a sales history that they can review and your item has never been produced or sold in stores or online. So they don’t want to take the risk of being the first company to market it.
As I said above there are only a few reasons why you can reject your idea / product by any organization. Take the time to do your research and understand your market, your place in that market and do your part to make yourself as marketable as possible.