Needs/Wishes for Innovation
Businesses looking for similar products or services kitchen rack kitchen accessories, kitchen rack for Kitchen hardware, accessories
Inculding the fruit racks, the metal racks, the metal fruit basket, kitchen rack kitchen shelf chopsticks rack dish holder cup stand knife
material: iron wire-chrome plated, stainless steel, shinning and extrabright surface
A PERFECT NAME FOR ANY PHONE COMPANY THAT WANTS TO STAND OUT FROM THE COMPETITORS A name; Very clever it came from my child,Children are brilliant when it comes to technology for Any phone land, or wireless phone or computer company. Even cable companies!
A perfect name for any phone company looking to stand out from all of the phone competitions a name; Very clever it came from my child,Children are brilliant when it comes to technology for All phone companies |
Simple Christmas Tree Stand Stable Christmas Tree Stand for home There are currently no reviews for this Innovation.
| Simple Christmas Tree Stand
Stable Christmas Tree Stand for home |
|
This Christmas Tree stand is stable, easy to adjust for straightness, and simple to install in any enviroment. |
 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 |
$3,400 |
$35,000 |
3 of 5
Final Design
|
1 of 5
Potential for Protection
|
19 29 is
Average
|
| Low Support |
$40,000 |
$150,000 |
$420,000 |
| Medium Support |
$350,000 |
$1.1 M |
$2.7 M |
| High Support |
$960,000 |
$3.0 M |
$7.2 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$1.9 M |
$5.9 M |
$13.9 M |
6 mos-1 yr
|
$10k-$100k
|
Simple Christmas Tree Stand
- Stable Christmas Tree Stand for home
Final Decision Maker: All individuals who have real Christmas Trees
This innovation is a tree stand for stable display of precut but real Christmas Trees in a home or business. One person can easily set the tree and make adjustment for tree straightness and stability. Adjustments can be made on an ongoing basis and are easy to perform. Tree is extremely stable and will not fall over over time, Any leaning that occurs can be easily readjusted. There will be no loss of broken ornaments from the tree falling over. Stand can be manufactured for any reasonable size Christmas Tree.
| $40 for One unassembled Christmas Tree Stand | Seeking: Research, Purchase, Investment, Distribution, 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 #: USA.76.041409.008 |
Page 1 of 5 |
Date Posted: 2009-04-18 |
|
| ©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 |
3,100,000 |
50% |
31.3 million trees sold in 2007x50% = 15.5 M optimistic
31.3 M x 10% = 3.1M Likely
31.3M x 1% =.31M Pessimistic
http://www.nicholas.duke.edu/thegreengrok/holidaytrees
|
| Revenue per First Purchase |
$45.00 |
50% |
Based on other stands on the market. Factual estimate is based on what hardware would cost individual not including labor to make them. |
| % 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 |
30% |
30% |
Extreme profit margins could be obtained from furniture grade stands. Capable of extreme dressy presentation. Target market would probably be low grade, maybe even recycled plast |
| Producer Profit (EBITD) |
20% |
50% |
Estimating product manufacture is difficult. You do not was too few or too many. But profit margin per piece should be high if built at decent volume. Storage is a problem. |
| |
| Innovation Status |
|
Development
Status |
3 of 5
Final Design
|
A working prototype model is complete and has been used by inventor for 15+ years. This model is 90% production ready as is. |
| Cost to First Sale (remaining) |
$10k-$100k |
60% |
Investment to first sale is low. All pieces can be easily produced off of current manufacturing processes. Expansion to lower cost models is more expensive but not required. |
| Time to First Sale (remaining) |
6 mos-1 yr |
90% |
Sale is more based on time to Christmas. This is an extremely seasonal item. 0 sales from Feb to Oct. November would start sales and probably be the highest month. |
| Confidence in Concept Claims made in description |
80% |
Stand has longer than standard legs and higher than standard mounting points. Unique adjustment allows very incremental leveling adjustments. Easily installed mounting points. |
Proprietary
Protection Status |
1 of 5
Potential for Protection
|
There was a patent search about 15 years ago and there were nothing close to this design present at that time. I have notice nothing close in the market at this time or since. |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
 |
|
|
| Reason to Believe |
|
|
|
| Dramatic Difference |
|
|
|
|
| Listing #: USA.76.041409.008 |
Page 2 of 5 |
Date Posted: 2009-04-18 |
| ©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 |
$100,000 |
Current GOAL |
$1 M |
Inventor(s) Commentary:
This is a product that could be easily produced. My issue is marketing and forecasting. The industry is very specific and extremely seasonal. Profit margins for the product could be high and various options available. Eltra cheap product made from recycled plastic or furniture grade for extreme displays with extreme profit margin but lower volume and high inventory... |
|
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 |
$3,400 |
$35,000 |
| Low Support |
$40,000 |
$150,000 |
$420,000 |
| Medium Support |
$350,000 |
$1.1 M |
$2.7 M |
| High Support |
$960,000 |
$3.0 M |
$7.2 M |
| Ultra High |
$1.9 M |
$5.9 M |
$13.9 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 |
$8,300 |
$78,000 |
| Low Support |
$100,000 |
$340,000 |
$870,000 |
| Medium Support |
$920,000 |
$2.6 M |
$5.4 M |
| High Support |
$2.5 M |
$7.1 M |
$14.8 M |
| Ultra High |
$5.1 M |
$13.8 M |
$27.6 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 |
$8,100 |
$79,000 |
| Low Support |
$100,000 |
$340,000 |
$880,000 |
| Medium Support |
$900,000 |
$2.5 M |
$5.5 M |
| High Support |
$2.5 M |
$7.1 M |
$14.9 M |
| Ultra High |
$5.1 M |
$13.8 M |
$27.7 M |
|
| Listing #: USA.76.041409.008 |
Page 3 of 5 |
Date Posted: 2009-04-18 |
| ©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 |
1.1% |
2.5% |
4.3% |
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 |
$50 |
$170 |
$400 |
$510 |
| Low Support |
$820 |
$2,600 |
$5,800 |
$7,700 |
| Medium Support |
$5,800 |
$18,000 |
$39,000 |
$53,000 |
| High Support |
$16,000 |
$49,000 |
$110,000 |
$150,000 |
| Ultra High Support |
$30,000 |
$95,000 |
$200,000 |
$290,000 |
| 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 |
| 32199 - All Other Wood Product Manufacturing |
| 32613 - Laminated Plastics Plate, Sheet (except Packaging... |
| 33272 - Turned Product and Screw, Nut, and Bolt Manufactu... |
| 45112 - Hobby, Toy, and Game Stores |
| 45291 - Warehouse Clubs and Supercenters |
|
| Patent Numbers that apply to this Product/Service |
| |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
20 |
| 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 #: USA.76.041409.008 |
Page 4 of 5 |
Date Posted: 2009-04-18 |
| ©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 - Canada |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$530 |
$5,500 |
| Low Support |
$6,400 |
$23,000 |
$67,000 |
| Medium Support |
$56,000 |
$170,000 |
$420,000 |
| High Support |
$150,000 |
$480,000 |
$1.1 M |
| Ultra High |
$310,000 |
$940,000 |
$2.2 M |
 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 |
$940 |
$9,800 |
| Low Support |
$11,000 |
$41,000 |
$120,000 |
| Medium Support |
$99,000 |
$310,000 |
$750,000 |
| High Support |
$270,000 |
$850,000 |
$2.0 M |
| Ultra High |
$550,000 |
$1.7 M |
$3.9 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 #: USA.76.041409.008 |
Page 5 of 5 |
Date Posted: 2009-04-18 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
