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EZ Squeegee Comb Quick drying hair care for people with long hair There are currently no reviews for this Innovation.
| EZ Squeegee Comb
Quick drying hair care for people with long hair |
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This invention dries hair in half the time and no other product is as safe, convenient and easy to use. |
 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 |
$1 |
$150,000 |
$930,000 |
2 of 5
Successful Prototypes
|
2 of 5
Patent Pending
|
42 29 is
Average
|
| Low Support |
$2.0 M |
$4.6 M |
$9.0 M |
| Medium Support |
$17.5 M |
$32.5 M |
$53.6 M |
| High Support |
$48.8 M |
$87.4 M |
$143.8 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$91.5 M |
$165.5 M |
$269.9 M |
6 mos-1 yr
|
$100k-$1M
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EZ Squeegee Comb
- Quick drying hair care for people with long hair
Final Decision Maker: People with long hair
This product dries hair in half the time. Its compact, portable and requires no plugs or wires. No other product is as safe, convenient and easy to use. This time saving invention dries hair faster by using an elastic band to compress wet hair between multiple rows of comb teeth and then combing it through the hair. Early successes include making the final round of "Everyday Edisons" and generating commercial interest from the hair care industry. It was invented by a professional inventor with 17 issued patents and many more pending.
| $19.99 for 1 comb | Seeking: Research, Purchase, Investment, Distribution, Manufacturing/R&D |
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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.76.082509.008 |
Page 1 of 5 |
Date Posted: 2009-08-25 |
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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 |
100,000,000 |
60% |
Based on 50% of US women (75 million) plus 50% of dog owners (20 million) plus 5 million for hair salons.
|
| Revenue per First Purchase |
$19.99 |
50% |
Based premium comb design, uniqueness of the product and patent protection. |
| % that will Repeat |
10% |
50% |
Satisfied buyers will buy one for other family members, friends and as gifts. Due to the durable nature of the product, few should need replacement within one year. |
| Number of Annual Repeats |
3 |
40% |
This is a guess based on number of family members and friends that may receive it as a gift. |
| Revenue per Repeat Purchase |
$19.99 |
50% |
Based premium comb design, uniqueness of the product and patent protection. |
| Reseller (Trade) Margin |
30% |
50% |
Based on examples provided grocery store, 20%, convenience store, 30%, and specialty retailers/mail order, 50+% |
| Producer Profit (EBITD) |
6% |
50% |
Most likely is in line with the industry average, optimistic is based on highest observed in the industry and pessimistic is a guess. |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Utility patent filed, rough prototype created and tested, some engineering drawings made, industry experts consulted. A better prototype is needed. |
| Cost to First Sale (remaining) |
$100k-$1M |
50% |
Need better prototype and plastic injection mold. |
| Time to First Sale (remaining) |
6 mos-1 yr |
50% |
Need engineering drawings and injection mold. |
| Confidence in Concept Claims made in description |
60% |
Rough prototype yielded good results and feedback from industry experts has been great. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
Provisional and utility patent filed by patent attorney |
| Concept Score & Diagnostics |
|
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| 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.76.082509.008 |
Page 2 of 5 |
Date Posted: 2009-08-25 |
| ©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 |
$0.5 M |
Current GOAL |
$1 M |
Inventor(s) Commentary:
- Finalist on "Everday Edisons"
- Received two calls from interested parties based on the patent publishing.
- Can be offered in both hair care market and pet product market |
|
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 |
$1 |
$150,000 |
$930,000 |
| Low Support |
$2.0 M |
$4.6 M |
$9.0 M |
| Medium Support |
$17.5 M |
$32.5 M |
$53.6 M |
| High Support |
$48.8 M |
$87.4 M |
$143.8 M |
| Ultra High |
$91.5 M |
$165.5 M |
$269.9 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 |
$2 |
$230,000 |
$1.4 M |
| Low Support |
$3.0 M |
$6.9 M |
$13.2 M |
| Medium Support |
$27.0 M |
$48.5 M |
$79.1 M |
| High Support |
$74.6 M |
$132.4 M |
$210.9 M |
| Ultra High |
$140.2 M |
$249.1 M |
$395.6 M |
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 |
$2 |
$190,000 |
$1.2 M |
| Low Support |
$2.5 M |
$5.8 M |
$11.8 M |
| Medium Support |
$21.5 M |
$40.3 M |
$70.4 M |
| High Support |
$59.0 M |
$109.8 M |
$188.9 M |
| Ultra High |
$112.0 M |
$208.8 M |
$358.2 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 |
$2 |
$290,000 |
$1.8 M |
| Low Support |
$3.7 M |
$8.7 M |
$17.6 M |
| Medium Support |
$32.8 M |
$60.3 M |
$104.3 M |
| High Support |
$91.3 M |
$165.9 M |
$281.9 M |
| Ultra High |
$169.3 M |
$307.5 M |
$525.4 M |
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| Listing #: USA.76.082509.008 |
Page 3 of 5 |
Date Posted: 2009-08-25 |
| ©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 |
0.4% |
0.9% |
1.6% |
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 |
$640 |
$2,000 |
$4,500 |
$6,000 |
| Low Support |
$11,000 |
$28,000 |
$55,000 |
$84,000 |
| Medium Support |
$79,000 |
$190,000 |
$350,000 |
$570,000 |
| High Support |
$210,000 |
$520,000 |
$950,000 |
$1.5 M |
| Ultra High Support |
$410,000 |
$950,000 |
$1.8 M |
$2.9 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% |
% |
| 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 |
| 44619 - Other Health and Personal Care Stores |
| 44612 - Cosmetics, Beauty Supplies, and Perfume Stores |
| 81291 - Pet Care (except Veterinary) Services |
| |
| |
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| Patent Numbers that apply to this Product/Service |
| 12/252,567 |
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| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
2 |
| GRANTED Patents |
17 |
| Licensing Deals SIGNED |
5 |
| Innovations that have SHIPPED |
10 |
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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.76.082509.008 |
Page 4 of 5 |
Date Posted: 2009-08-25 |
| ©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 |
$0 |
$24,000 |
$150,000 |
| Low Support |
$320,000 |
$730,000 |
$1.4 M |
| Medium Support |
$2.8 M |
$5.1 M |
$8.5 M |
| High Support |
$7.7 M |
$13.9 M |
$22.8 M |
| Ultra High |
$14.5 M |
$26.2 M |
$42.8 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 |
$43,000 |
$260,000 |
| Low Support |
$560,000 |
$1.3 M |
$2.5 M |
| Medium Support |
$4.9 M |
$9.1 M |
$15.1 M |
| High Support |
$13.7 M |
$24.6 M |
$40.4 M |
| Ultra High |
$25.7 M |
$46.6 M |
$75.9 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.76.082509.008 |
Page 5 of 5 |
Date Posted: 2009-08-25 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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