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Joe's Cart one person operation cart for construction worker There are currently no reviews for this Innovation.
| Joe's Cart
one person operation cart for construction worker |
|
This cart will allow you to work and move material by yourself with ease at no cost or maintenance. |
 Annual Sales Forecast for Canada * | Innovation Status |
Idea |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
Development
Status |
Proprietary
Protection Status |
Concept
Score |
| Ultra Low |
$0 |
$450 |
$4,300 |
2 of 5
Successful Prototypes
|
1 of 5
Potential for Protection
|
28 29 is
Average
|
| Low Support |
$6,100 |
$19,000 |
$48,000 |
| Medium Support |
$54,000 |
$150,000 |
$310,000 |
| High Support |
$150,000 |
$400,000 |
$800,000 |
Remaining Time & Cost to First Sale |
| Ultra High |
$280,000 |
$770,000 |
$1.5 M |
Unknown
|
< $10k
|
Joe's Cart
- one person operation cart for construction worker
Final Decision Maker: construction companies,industrial plants, individual workers, carpenters, electrians, labourers, glass companies, warehouse workers, canadian tire stores, department stores, welding shops, door manufactures, washroom manufacturing plants.
Commercial construction workers; Joe's time saver cart; material mover; Joe's cart will allow you to work on and move big pieces of material with ease by yourself.
Maintenance free, compact, moves products around with ease, saves the stress on your back.
Material stays on cart by itself, to transport from point "A" to "B" freely. When the unit is holding a door or sheet of plywood it can be easily worked on at this point. Its very light weight and small.
Other carts in the industry now need two people to hold the material in place or it will fall down or tip over..it doesn't stand upright by itself like my innovation does. Not an expensive piece of equipment for a company to acquire and saves them on labour costs.
I have been a carpenter in the commercial industry for 25 years and have been using my innovation for the last 10 years. It works great, everyone in the industry should have one.
| $150.00 for one | Seeking: Purchase, Manufacturing/R&D |
|
* Consumption sales forecast. Does not include "Random" events or "Inventory Fill". Forecast is for Year 1 for Large or Year 2 for Small Companies.
Forecast should be read as ..."With Low marketing support there is an 80% odds of achieving sales of at least... |
| Listing #: CAN.76.033109.045 |
Page 1 of 5 |
Date Posted: 2009-05-05 |
|
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Report Assumptions and Inventor(s) Commentary
|
|
| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
100,000 |
60% |
pei, canada because that is where i work and use the unit
|
| Revenue per First Purchase |
$200.00 |
50% |
once you buy it you will own it with no maintenance |
| % that will Repeat |
N/A |
N/A |
|
| Number of Annual Repeats |
N/A |
N/A |
|
| Revenue per Repeat Purchase |
N/A |
N/A |
|
| Reseller (Trade) Margin |
2% |
40% |
didn't sell yet...unknown to this question |
| Producer Profit (EBITD) |
3% |
40% |
unknown ..not sure yet |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
A prototype has been built and tested commercially by myself and qualified professionals on the job. |
| Cost to First Sale (remaining) |
< $10k |
60% |
because i made mine myself |
| Time to First Sale (remaining) |
Unknown |
40% |
unknown |
| Confidence in Concept Claims made in description |
60% |
I made it and i actually use it in my work in carpentry for the last 10 years. Especially for working on doors installing hardware. For moving plywood, drywall and etc. |
Proprietary
Protection Status |
1 of 5
Potential for Protection
|
none completed at this time |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
 |
|
|
| Reason to Believe |
|
|
|
| Dramatic Difference |
|
 |
|
|
| Listing #: CAN.76.033109.045 |
Page 2 of 5 |
Date Posted: 2009-05-05 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Inventor Commentary & Alternative Development Scenarios
|
|
| Inventor(s) Sales Goals |
| Minimum Goal |
N/A |
Current GOAL |
N/A |
Inventor(s) Commentary:
great to move and work on doors also to move drywall, plywood and washroom partitions. Plus transport your tools like a caddy and also saves your back ..therefore saves money for the company your working for...less injury. |
|
CURRENT SALES FORECAST |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$450 |
$4,300 |
| Low Support |
$6,100 |
$19,000 |
$48,000 |
| Medium Support |
$54,000 |
$150,000 |
$310,000 |
| High Support |
$150,000 |
$400,000 |
$800,000 |
| Ultra High |
$280,000 |
$770,000 |
$1.5 M |
If MARKETING CONCEPT Improved (Increase Concept Score by +20 Points) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$780 |
$7,300 |
| Low Support |
$11,000 |
$33,000 |
$81,000 |
| Medium Support |
$94,000 |
$260,000 |
$530,000 |
| High Support |
$260,000 |
$690,000 |
$1.4 M |
| Ultra High |
$490,000 |
$1.3 M |
$2.6 M |
If MARKETING CONCEPT and PRODUCT/SERVICE Improved (Increase Concept +20 Points, Repeat Rate & Number of repeats by 30% and Revenue per purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$760 |
$7,400 |
| Low Support |
$11,000 |
$34,000 |
$81,000 |
| Medium Support |
$94,000 |
$260,000 |
$520,000 |
| High Support |
$260,000 |
$700,000 |
$1.4 M |
| Ultra High |
$490,000 |
$1.3 M |
$2.6 M |
|
| Listing #: CAN.76.033109.045 |
Page 3 of 5 |
Date Posted: 2009-05-05 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Details
|
|
| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
0.2% |
0.3% |
0.4% |
Sales & Marketing
Support Level |
Annual Inventor Royalty Revenue |
3 Year Value
to Inventor
If 50% Odds |
| 80% Odds |
50% Odds |
20% Odds |
| Ultra Low Support |
$2 |
$4 |
$9 |
$13 |
| Low Support |
$27 |
$67 |
$120 |
$200 |
| Medium Support |
$200 |
$460 |
$810 |
$1,400 |
| High Support |
$550 |
$1,200 |
$2,200 |
$3,700 |
| Ultra High Support |
$1,000 |
$2,300 |
$4,200 |
$7,000 |
| Sales & Marketing Support Level Assumptions |
| Sales & Marketing Support Level Assumptions |
Sample Numbers |
% Aware x
% Distribution
(Aware & Able) |
Inventor
Confidence |
| % Distribution |
% Awareness |
| Ultra Low Support (Word of Mouth) |
5% |
3% |
0.2% |
N/A |
| Low Support (Small Company) |
20% |
10% |
2% |
N/A |
| Medium Support (Medium Sized Company) |
50% |
25% |
13% |
N/A |
| High Support (Large Company) |
75% |
45% |
34% |
N/A |
| Ultra High Support (Mega or Niche) |
90% |
70% |
63% |
N/A |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 23622 - Commercial and Institutional Building Construction |
| |
| |
| |
| |
|
| Patent Numbers that apply to this Product/Service |
| |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
25 |
| GRANTED Patents |
0 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
|
For USA Patents: Utility Patent = 7 digit number, Design Patent starts with D, Planet Patent starts with PP. Provisional Application "61/xxx,xxx", Non provisional application "12/xxx,xxx", Design patent application "29/xxx,xxx"
|
|
CAUTION: This Merwyn Business Simulation Research Report includes no warranty or guarantee. Results and opinions should be considered rough and directional in nature. This is because the report is based upon inventor-supplied data and simplified modeling methods. If you are looking to invest, distribute, purchase or become involved with this innovation, in any way, we strongly urge you to validate the inventor data and sales forecasts BEFORE committing yourself or your resources. Merwyn Research, Inc. shall not be responsible for any liability or damages arising out of the failure to perform such investigation and validation. Changes in the concept description, product, pricing, or input assumptions will almost certainly change results.
|
| Listing #: CAN.76.033109.045 |
Page 4 of 5 |
Date Posted: 2009-05-05 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
|
|
 Annual Sales - Probability Forecast - United Kingdom |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$790 |
$7,700 |
| Low Support |
$11,000 |
$34,000 |
$85,000 |
| Medium Support |
$96,000 |
$260,000 |
$540,000 |
| High Support |
$270,000 |
$710,000 |
$1.4 M |
| Ultra High |
$500,000 |
$1.4 M |
$2.7 M |
 Annual Sales - Probability Forecast - United States |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$2,800 |
$27,000 |
| Low Support |
$38,000 |
$120,000 |
$300,000 |
| Medium Support |
$340,000 |
$930,000 |
$1.9 M |
| High Support |
$950,000 |
$2.5 M |
$5.1 M |
| Ultra High |
$1.8 M |
$4.8 M |
$9.7 M |
Forecast are calculated based on population, (PPP) purchasing power parity, International Trade, Urbanization and the Human Growth Index.
Forecast can be skewed for some industries, so for best results, adjusting the number of final decision makers for every country is recommended.
| Listing #: CAN.76.033109.045 |
Page 5 of 5 |
Date Posted: 2009-05-05 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
