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Melni "Quick Grip" Electrical Connector Instant electrical connector for professional electricians There are currently no reviews for this Innovation.
| Melni "Quick Grip" Electrical Connector
Instant electrical connector for professional electricians |
|
The only electrical connector on the market that INSTANTLY connects wires WITHOUT tools! |
 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 |
$4 |
$390,000 |
$2.5 M |
2 of 5
Successful Prototypes
|
2 of 5
Patent Pending
|
64 29 is
Average
|
| Low Support |
$3.7 M |
$11.8 M |
$30.2 M |
| Medium Support |
$27.1 M |
$81.8 M |
$185.6 M |
| High Support |
$70.7 M |
$207.3 M |
$469.4 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$129.0 M |
$378.8 M |
$854.1 M |
6 mos-1 yr
|
$100k-$1M
|
Melni "Quick Grip" Electrical Connector
- Instant electrical connector for professional electricians
Final Decision Maker: Electricians, DIY, Contractors, Hobiest, Military personal, Yo-Mama
This device is an Electrical connector that completely replaces old fashioned crimp connectors. Crimp connectors can only accomplish about a 40% contact with wires - The MELNI "Quick Grip" Connectors get 100% contact! The connector is so easy to use, a child could connect large gauge wires as efficiently as a Professional Electrician. NO TOOLS ARE REQUIRED! This connector is FAST! You can connect wires in 5 seconds that normally take 5 minutes! Connecting wires under the dash of your car or other tight spots can be tough. Not with the Melni "Quick Grip" Connector! No tools, easy twist and WALA! The manager of a large electrical distributor (with 26 years of experience in the business!) says... "We deal with many industrial plants, panel builders and OEMs. Knowing the amount of time some of these customers put in to build their panels they would be floored at the timesavings they would obtain! Not only would they save time in the original build but also they would have less maintenance to deal with because of the superior connections these terminals would provide! An Electrician - Process Analyst claims: " this invention will change the industry standard for electrical connections."
Electrical Contractor... "This terminal connector.... is revolutionary"
| $59.00 for Box of 10 Butt-splice connectors | Seeking: Research, 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.76.050409.015 |
Page 1 of 5 |
Date Posted: 2009-05-07 |
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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
|
|
| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
808,586 |
60% |
I used the Reference Data listed above to determine the "Most Likely" amount. I examined each category and choose the entries that best fit my innovation.
|
| Revenue per First Purchase |
$69.95 |
50% |
I based this estimate on a unit price of $6.95per. (6 AWG Butt-splice version only) The most likely is 10 count, Optimistic is 100 count and Pessimistic is 4 count. |
| % that will Repeat |
80% |
60% |
This version of my innovation is industrial in nature. I strongly believe that the revolutionary properties of the invention will merit extremely high repeat rates. |
| Number of Annual Repeats |
24 |
40% |
I am basing my estimate on Commercial/Industrial use. Repeat use will depend on the economy and growth in the USA. |
| Revenue per Repeat Purchase |
$69.95 |
50% |
Repeat purchase should increase. The alternative to this product will be obsolete and very tedious to use. |
| Reseller (Trade) Margin |
40% |
40% |
Home Depot has reviewed my product and they are interested in selling it. |
| Producer Profit (EBITD) |
30% |
40% |
Profits in the electrical connector market seems to be all over the place. Burial, for example, could be as high as 55%. Standard crimps, 3 to 7%... |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Currently Pat Pend - Prototypes all successful - Meeting with 3M - Mon May 11th for sales pitch... |
| Cost to First Sale (remaining) |
$100k-$1M |
40% |
Purchaser will have to complete the Utility and PCT applications. Tooling (even though the general manufacture will be similar) will need to be revised. UL approval etc. |
| Time to First Sale (remaining) |
6 mos-1 yr |
50% |
Prototypes were fairly inexpensive and were assembled quickly. Purchaser will be motivated to move. Will seek performance clause... |
| Confidence in Concept Claims made in description |
60% |
A SLA prototype (very fragile) was spliced into an 8 gauge wire in 7 seconds and ran a 15 HP motor for 72 hours! |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
Pat. Pending - PCT App. |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
|
|
 |
| Reason to Believe |
|
|
|
| Dramatic Difference |
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| Listing #: USA.76.050409.015 |
Page 2 of 5 |
Date Posted: 2009-05-07 |
| ©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
|
|
| Inventor(s) Sales Goals |
| Minimum Goal |
$350 M |
Current GOAL |
$500 M |
The WORLD'S fastest, strongest, most efficient electrical connector! |
Inventor(s) Commentary:
The invention presented in this report is 1 of three versions of 'No Crimp' electrical connectors. The other 2 are 'utility connectors' and 'wire-nut' connectors. Our team consists of a computer repair tech, electrician and retired IP sales and contract manager (Idaho National Laboratory). The invention has already received an offer from Gardener Bender. We are meeting with 3M in Austin, TX on the 11th of May. |
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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 |
$4 |
$390,000 |
$2.5 M |
| Low Support |
$3.7 M |
$11.8 M |
$30.2 M |
| Medium Support |
$27.1 M |
$81.8 M |
$185.6 M |
| High Support |
$70.7 M |
$207.3 M |
$469.4 M |
| Ultra High |
$129.0 M |
$378.8 M |
$854.1 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 |
$5 |
$520,000 |
$3.4 M |
| Low Support |
$4.8 M |
$15.5 M |
$40.1 M |
| Medium Support |
$35.4 M |
$108.0 M |
$245.4 M |
| High Support |
$93.6 M |
$276.3 M |
$617.3 M |
| Ultra High |
$168.6 M |
$500.0 M |
$1.1 B |
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 |
$7 |
$690,000 |
$5.0 M |
| Low Support |
$6.7 M |
$23.6 M |
$61.3 M |
| Medium Support |
$50.6 M |
$162.0 M |
$370.8 M |
| High Support |
$129.8 M |
$420.4 M |
$933.4 M |
| Ultra High |
$229.9 M |
$726.6 M |
$1.7 B |
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 |
$10 |
$910,000 |
$6.8 M |
| Low Support |
$9.0 M |
$30.6 M |
$79.7 M |
| Medium Support |
$68.6 M |
$211.1 M |
$482.5 M |
| High Support |
$166.6 M |
$540.0 M |
$1.2 B |
| Ultra High |
$310.1 M |
$979.0 M |
$2.2 B |
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| Listing #: USA.76.050409.015 |
Page 3 of 5 |
Date Posted: 2009-05-07 |
| ©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
|
|
| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
2.7% |
4.8% |
7.1% |
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 |
$8,300 |
$24,000 |
$50,000 |
$73,000 |
| Low Support |
$140,000 |
$360,000 |
$710,000 |
$1.1 M |
| Medium Support |
$960,000 |
$2.4 M |
$4.6 M |
$7.2 M |
| High Support |
$2.3 M |
$5.9 M |
$11.4 M |
$17.8 M |
| Ultra High Support |
$4.3 M |
$11.0 M |
$20.8 M |
$33.1 M |
| 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% |
% |
| Ultra High Support (Mega or Niche) |
90% |
70% |
63% |
N/A |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 33511 - Electric Lamp Bulb and Part Manufacturing |
| 33411 - Computer and Peripheral Equipment Manufacturing |
| 23622 - Commercial and Institutional Building Construction |
| 23621 - Industrial Building Construction |
| 23611 - Residential Building Construction |
|
| Patent Numbers that apply to this Product/Service |
| 12391247 |
| PCT/US09/34928 |
| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
85 |
| GRANTED Patents |
0 |
| Licensing Deals SIGNED |
427 |
| Innovations that have SHIPPED |
427 |
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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.76.050409.015 |
Page 4 of 5 |
Date Posted: 2009-05-07 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
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 |
$1 |
$62,000 |
$400,000 |
| Low Support |
$580,000 |
$1.9 M |
$4.8 M |
| Medium Support |
$4.3 M |
$13.0 M |
$29.4 M |
| High Support |
$11.2 M |
$32.9 M |
$74.4 M |
| Ultra High |
$20.4 M |
$60.0 M |
$135.4 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 |
$1 |
$110,000 |
$710,000 |
| Low Support |
$1.0 M |
$3.3 M |
$8.5 M |
| Medium Support |
$7.6 M |
$23.0 M |
$52.2 M |
| High Support |
$19.9 M |
$58.3 M |
$132.0 M |
| Ultra High |
$36.3 M |
$106.5 M |
$240.2 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.76.050409.015 |
Page 5 of 5 |
Date Posted: 2009-05-07 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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