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The Grand Hanger Oversized Hanger for Consumers There are currently no reviews for this Innovation.
| The Grand Hanger
Oversized Hanger for Consumers |
|
The one and only hanger specifically designed to fit large clothing. The one and only hanger strong enough to hold all your heavy clothes without bowing or breaking. |
 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 |
$140,000 |
$860,000 |
3 of 5
Final Design
|
2 of 5
Patent Pending
|
33 29 is
Average
|
| Low Support |
$2.1 M |
$4.3 M |
$7.6 M |
| Medium Support |
$19.1 M |
$29.4 M |
$44.1 M |
| High Support |
$52.5 M |
$79.8 M |
$116.7 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$100.3 M |
$150.5 M |
$218.9 M |
< 6 months
|
$100k-$1M
|
The Grand Hanger
- Oversized Hanger for Consumers
Final Decision Maker: Household decision makers.
It's the first and only extra large hanger for plus size clothing. As people in general are larger in stature, the demand for this hanger becomes greater. Clothing will keep it's form unlike with regular hangers that cause plus size shirts to wrinlke and pucker at the shoulders. The longer bottom support bar easliy holds extra large pants preventing any wrinkles. Will work for any size and type of clothing. Both consumers and retail clothing stores have the conveniance of using the same hanger which eliminates the need for two different size hangers. Will make clothes displayed for sale more appealing due to the hanger keeping the true form of the garment. Normally plus size clothing on a regular hanger will slip off the hanger. This hanger will allow the clothing to fit the hanger properly eliminating slip off which could potentally damage, soil or wrinkle the clothing. In the long run it will save both consumers and retail stores time and money. Heavy coats will not bow or brake the hanger. Can easily hold 25 pounds or more. Fits clothing sizes from small to 6X. In a side by side comparison The Grand Hanger has overall more uses than the competition. See how well it works by hanging your largest shirt or heaviest coat and seeing how the garment holds its form. We guarantee your clothes will never fall off this hanger. We are confident you will buy more.
| $9.99 for 4 | 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.76.083109.001 |
Page 1 of 5 |
Date Posted: 2009-09-09 |
|
| ©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 |
105,000,000 |
90% |
Data from number of household in the United States.
|
| Revenue per First Purchase |
$9.99 |
80% |
The first time purchase would be one pack. |
| % that will Repeat |
70% |
50% |
Peple will replace current hangers. |
| Number of Annual Repeats |
3 |
50% |
Hangers to replace old hangers as well as for new clothing purchases. |
| Revenue per Repeat Purchase |
$9.99 |
50% |
Consumers will replace current hangers with one pack at a time. |
| Reseller (Trade) Margin |
30% |
60% |
Based on the industry standards of the reseller profit margin. |
| Producer Profit (EBITD) |
19% |
30% |
Based on the uniqueness of the product will be able to earn a higher profit margin than the industry standard. |
| |
| Innovation Status |
|
Development
Status |
3 of 5
Final Design
|
The prototype has been finalized and we are looking for a manufacturer. |
| Cost to First Sale (remaining) |
$100k-$1M |
60% |
Have intial mold made. Place initial order. Labeling, packaging and barcoding. |
| Time to First Sale (remaining) |
< 6 months |
70% |
Have already established a relationship with manufacturers. |
| Confidence in Concept Claims made in description |
90% |
Proven and tested in the market. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
We filed a provisional patent application on June 5, 2009. |
| 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.76.083109.001 |
Page 2 of 5 |
Date Posted: 2009-09-09 |
| ©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 |
$0.2 M |
Current GOAL |
$1.6 M |
Inventor(s) Commentary:
This product was designed out of necessity by a housewife who's husband is a size 3X. The Grand Hanger was created from simplicity and common sense. |
|
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 |
$140,000 |
$860,000 |
| Low Support |
$2.1 M |
$4.3 M |
$7.6 M |
| Medium Support |
$19.1 M |
$29.4 M |
$44.1 M |
| High Support |
$52.5 M |
$79.8 M |
$116.7 M |
| Ultra High |
$100.3 M |
$150.5 M |
$218.9 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 |
$250,000 |
$1.4 M |
| Low Support |
$3.7 M |
$7.2 M |
$12.1 M |
| Medium Support |
$33.5 M |
$48.3 M |
$68.5 M |
| High Support |
$93.9 M |
$132.2 M |
$180.7 M |
| Ultra High |
$179.2 M |
$250.4 M |
$337.9 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 |
$240,000 |
$1.5 M |
| Low Support |
$3.4 M |
$7.2 M |
$13.3 M |
| Medium Support |
$30.4 M |
$49.2 M |
$76.3 M |
| High Support |
$85.1 M |
$134.1 M |
$201.7 M |
| Ultra High |
$160.1 M |
$251.4 M |
$381.0 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 |
$3 |
$390,000 |
$2.4 M |
| Low Support |
$5.8 M |
$11.8 M |
$20.6 M |
| Medium Support |
$54.2 M |
$82.0 M |
$118.7 M |
| High Support |
$150.0 M |
$223.5 M |
$316.9 M |
| Ultra High |
$280.7 M |
$417.4 M |
$588.2 M |
|
| Listing #: USA.76.083109.001 |
Page 3 of 5 |
Date Posted: 2009-09-09 |
| ©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 |
2% |
2.7% |
3.6% |
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 |
$2,300 |
$5,900 |
$11,000 |
$18,000 |
| Low Support |
$40,000 |
$79,000 |
$130,000 |
$240,000 |
| Medium Support |
$310,000 |
$520,000 |
$780,000 |
$1.6 M |
| High Support |
$860,000 |
$1.4 M |
$2.1 M |
$4.3 M |
| Ultra High Support |
$1.6 M |
$2.7 M |
$3.9 M |
$8.0 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% |
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 |
| 45291 - Warehouse Clubs and Supercenters |
| 45211 - Department Stores |
| 44812 - Women's Clothing Stores |
| 44811 - Men's Clothing Stores |
| 32619 - Other Plastics Product Manufacturing |
|
| Patent Numbers that apply to this Product/Service |
| 61/184,543 |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
3 |
| 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.76.083109.001 |
Page 4 of 5 |
Date Posted: 2009-09-09 |
| ©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 |
$23,000 |
$140,000 |
| Low Support |
$330,000 |
$690,000 |
$1.2 M |
| Medium Support |
$3.0 M |
$4.7 M |
$7.0 M |
| High Support |
$8.3 M |
$12.6 M |
$18.5 M |
| Ultra High |
$15.9 M |
$23.9 M |
$34.7 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 |
$41,000 |
$240,000 |
| Low Support |
$590,000 |
$1.2 M |
$2.1 M |
| Medium Support |
$5.4 M |
$8.3 M |
$12.4 M |
| High Support |
$14.8 M |
$22.4 M |
$32.8 M |
| Ultra High |
$28.2 M |
$42.3 M |
$61.6 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.76.083109.001 |
Page 5 of 5 |
Date Posted: 2009-09-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
