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carpenters pencil sharpener sharperner carpentar pencil for CONSTRUCTION COMPANIES
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 | Help me understand the difference... I am having difficulty understanding the difference between your sharpener and those commonly available at the checkout stand at big box stores like home depot. Could you explain the difference some more? Posted by: Dave on 04/18/2009 | | |
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| carpenters pencil sharpener
sharperner carpentar pencil for CONSTRUCTION COMPANIES |
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This is a safe,simple and effective tool to sharpen a carpenter's pencil. |
 Annual Sales Forecast for USA * | 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 |
$350 |
$2,000 |
1 of 5
In Development
|
1 of 5
Potential for Protection
|
26 29 is
Average
|
| Low Support |
$4,700 |
$9,700 |
$18,000 |
| Medium Support |
$41,000 |
$66,000 |
$99,000 |
| High Support |
$110,000 |
$180,000 |
$260,000 |
Remaining Time & Cost to First Sale |
| Ultra High |
$210,000 |
$340,000 |
$490,000 |
6 mos-1 yr
|
< $10k
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carpenters pencil sharpener
- sharperner carpentar pencil for CONSTRUCTION COMPANIES
Final Decision Maker: professional and do-it-yourself carpenter's
"Simply Safe" carpenter's pencil sharpener. A revolutionary tool for the professional and amateur carpenter. This design is simple and would be easy to manufacture using existing technoligies.It is afforadable,safe and easy to use. It is designed to shave the wood not the lead. It can be made from recyceled materials and in turn can be recyceled, therefore helping the enviroment. It would eleminate the use of utility knives on the job thereby saving money on lost time and injuries so it could also be considered a safety tool. Based on research one of the main complaints was the sharp point that a knife or other sharpener's gave to the pencil. My design eleminates that because with a carpenter's pencil it is the one time that you DON'T want to get the point. Over thirty years as a carpenter i have seen many injuries caused by various knife sharpeners and other mechanicall sharpeners go by the way. Experience has proven there is a need for a safe, simple and effective carpenter's pencil sharpener.
| $4.50 for 1 | Seeking: Purchase |
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* 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 #: USA.76.040209.003 |
Page 1 of 5 |
Date Posted: 2009-04-07 |
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| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Report Assumptions and Inventor(s) Commentary
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| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
1,400,000 |
60% |
Information was taken from U.S. department of labor statistics.
|
| Revenue per First Purchase |
$4.50 |
30% |
Based on 30 years experience in the industry. |
| % that will Repeat |
40% |
30% |
Based on data suppiied by Merwyn |
| Number of Annual Repeats |
1 |
30% |
Based on 30 years experience in the industry. |
| Revenue per Repeat Purchase |
$4.50 |
30% |
Based on data supplied by Merwyn. |
| Reseller (Trade) Margin |
50% |
30% |
Data provided by Merwyn |
| Producer Profit (EBITD) |
9% |
30% |
Data provided by Merwyn |
| |
| Innovation Status |
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Development
Status |
1 of 5
In Development
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the concept has been developed into drawings, prototypes have not been completed |
| Cost to First Sale (remaining) |
< $10k |
30% |
Based on 30 years experience in the industry. |
| Time to First Sale (remaining) |
6 mos-1 yr |
30% |
Based on 30 years experience in the industry. |
| Confidence in Concept Claims made in description |
30% |
Based on 30 years of experience as a carpenter. |
Proprietary
Protection Status |
1 of 5
Potential for Protection
|
had disclosure document until july 26 2006 557522, patent applcation has not been completed |
| Concept Score & Diagnostics |
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| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
 |
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| Reason to Believe |
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| Dramatic Difference |
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| Listing #: USA.76.040209.003 |
Page 2 of 5 |
Date Posted: 2009-04-07 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Inventor Commentary & Alternative Development Scenarios
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| Inventor(s) Sales Goals |
| Minimum Goal |
$1.7 M |
Current GOAL |
$3 M |
Inventor(s) Commentary:
"Simply Safe" is fast, safe and easy to use. As a person who has been in the industry for 30 years and the scars to prove that a utility knife does not work safely and does not sharpen the pencil properly. Primary research indicates that other carpenters will purchase this sharpener that has been designed with safety and efficiency in mind. |
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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 |
$350 |
$2,000 |
| Low Support |
$4,700 |
$9,700 |
$18,000 |
| Medium Support |
$41,000 |
$66,000 |
$99,000 |
| High Support |
$110,000 |
$180,000 |
$260,000 |
| Ultra High |
$210,000 |
$340,000 |
$490,000 |
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 |
$700 |
$3,700 |
| Low Support |
$9,400 |
$18,000 |
$30,000 |
| Medium Support |
$86,000 |
$120,000 |
$160,000 |
| High Support |
$240,000 |
$330,000 |
$440,000 |
| Ultra High |
$460,000 |
$610,000 |
$810,000 |
If PRODUCT/SERVICE Improved (Increase 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 |
$440 |
$2,600 |
| Low Support |
$5,900 |
$12,000 |
$23,000 |
| Medium Support |
$52,000 |
$84,000 |
$130,000 |
| High Support |
$140,000 |
$230,000 |
$360,000 |
| Ultra High |
$270,000 |
$430,000 |
$670,000 |
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 |
$890 |
$4,800 |
| Low Support |
$12,000 |
$23,000 |
$41,000 |
| Medium Support |
$110,000 |
$150,000 |
$230,000 |
| High Support |
$290,000 |
$420,000 |
$610,000 |
| Ultra High |
$550,000 |
$790,000 |
$1.1 M |
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| Listing #: USA.76.040209.003 |
Page 3 of 5 |
Date Posted: 2009-04-07 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Additional Details
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| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
0.7% |
0.9% |
1.2% |
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 |
$1 |
$3 |
$7 |
$10 |
| Low Support |
$20 |
$43 |
$71 |
$130 |
| Medium Support |
$160 |
$280 |
$430 |
$830 |
| High Support |
$440 |
$750 |
$1,100 |
$2,200 |
| Ultra High Support |
$830 |
$1,400 |
$2,200 |
$4,300 |
| 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% |
% |
| 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 |
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Graph of EQUIVALENT (Awareness x Distribution) Combinations
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NAICS Industry Codes
For This Invention |
| 23611 - Residential Building Construction |
| 23621 - Industrial Building Construction |
| 23622 - Commercial and Institutional Building Construction |
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| Patent Numbers that apply to this Product/Service |
| 5077903 |
| 6279238 |
| 6571480 |
| 2982253 |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
30 |
| GRANTED Patents |
0 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
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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"
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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.
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| Listing #: USA.76.040209.003 |
Page 4 of 5 |
Date Posted: 2009-04-07 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Additional Forecasts for Other Countries
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 Annual Sales - Probability Forecast - Canada |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$56 |
$320 |
| Low Support |
$740 |
$1,500 |
$2,800 |
| Medium Support |
$6,600 |
$10,000 |
$16,000 |
| High Support |
$18,000 |
$28,000 |
$42,000 |
| Ultra High |
$34,000 |
$53,000 |
$78,000 |
 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 |
$99 |
$570 |
| Low Support |
$1,300 |
$2,700 |
$5,000 |
| Medium Support |
$12,000 |
$18,000 |
$28,000 |
| High Support |
$32,000 |
$50,000 |
$74,000 |
| Ultra High |
$60,000 |
$95,000 |
$140,000 |
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 #: USA.76.040209.003 |
Page 5 of 5 |
Date Posted: 2009-04-07 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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