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ROAD KING ART: Give your auto the distinction of having the fanciest wheels in town more complete art kit for custom auto shops There are currently no reviews for this Innovation.
| ROAD KING ART: Give your auto the distinction of having the fanciest wheels in town
more complete art kit for custom auto shops |
|
Our Tire Art helps you fashion the fanciest decorations for your wheels so that your auto will be known as the best artwork in town. |
 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 |
$7 |
$680,000 |
$5.6 M |
1 of 5
In Development
|
1 of 5
Potential for Protection
|
26 29 is
Average
|
| Low Support |
$9.3 M |
$25.9 M |
$57.0 M |
| Medium Support |
$81.6 M |
$186.9 M |
$341.7 M |
| High Support |
$225.8 M |
$510.2 M |
$939.0 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$435.8 M |
$966.6 M |
$1.7 B |
Unknown
|
Unknown
|
ROAD KING ART: Give your auto the distinction of having the fanciest wheels in town
- more complete art kit for custom auto shops
Final Decision Maker: custom auto shops (car artists)
YO, DUDE! Set your chariot ahead of the pack by giving it the most distinctive wheels in town-- you will be the envy of every armchair cruiser, around! THE FIRST and ONLY all-in-one (secret) PACKAGE that helps you turn those dull, grey black-walls into a mural and work of art! Like many people, I (The Inventor) have often dreamed of being an ARTIST, so let us help you become one, too, through Our (secret) PACKAGE for special Road Art.
| $500 for one Tire Art Kit | 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.76.092509.003 |
Page 1 of 5 |
Date Posted: 2009-09-30 |
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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 |
50,000,000 |
10% |
A recent survey indicated that 90 percent of private car owners have
decorated or modified their vehicles, with 50 percent decorated and
accessorized appearances.
|
| Revenue per First Purchase |
$500.00 |
10% |
This is a new industry, so I am not sure numbers and prices. Consequently, these are only broad guesses. |
| % that will Repeat |
20% |
10% |
Once they get a KIT and start making sales on their fancy tires, I would think it highly likely that they would be ordering more items from our catalog! |
| Number of Annual Repeats |
1 |
10% |
Wild guess. |
| Revenue per Repeat Purchase |
$20.00 |
10% |
I am not a businessman, so I really have no idea, here. |
| Reseller (Trade) Margin |
10% |
10% |
I have no idea! |
| Producer Profit (EBITD) |
10% |
10% |
Just guessing! |
| |
| Innovation Status |
|
Development
Status |
1 of 5
In Development
|
No Patent, but I have been slowly collecting things over the years to make this a MAJOR WORK OF ART that you can produce yourself! |
| Cost to First Sale (remaining) |
Unknown |
10% |
Don't know! |
| Time to First Sale (remaining) |
Unknown |
10% |
Sorry, just don't know! |
| Confidence in Concept Claims made in description |
30% |
Yeah, a slow cooker, but bit by bit it has come togehter--and though somewhat wild in the start, ART tends to be a bit eccentric anyway, so people buying aren't "normal" either! |
Proprietary
Protection Status |
1 of 5
Potential for Protection
|
I am not a Patent Attorney, but since we are dealing with ARTWORK, perhaps getting some kind of copyright might be a better route to protection. |
| 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.76.092509.003 |
Page 2 of 5 |
Date Posted: 2009-09-30 |
| ©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:
Yeah, I always wanted to be a Leonardo d'Vinci and I think that there are lots of others out there, like me. However, the starving artist routine is for the birds, so many of us take jobs in other fields to make a living.
Consequently, I would think that there would be a fair number of people out there who would jump at the chance to do ART and make money at it. And Car Art (and our Tire Art) stand to be the money making business that they are looking for! |
|
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 |
$7 |
$680,000 |
$5.6 M |
| Low Support |
$9.3 M |
$25.9 M |
$57.0 M |
| Medium Support |
$81.6 M |
$186.9 M |
$341.7 M |
| High Support |
$225.8 M |
$510.2 M |
$939.0 M |
| Ultra High |
$435.8 M |
$966.6 M |
$1.7 B |
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 |
$13 |
$1.3 M |
$10.3 M |
| Low Support |
$17.7 M |
$48.5 M |
$101.4 M |
| Medium Support |
$163.9 M |
$354.3 M |
$594.8 M |
| High Support |
$449.6 M |
$972.3 M |
$1.6 B |
| Ultra High |
$872.5 M |
$1.8 B |
$3.0 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 |
$720,000 |
$5.7 M |
| Low Support |
$9.6 M |
$26.5 M |
$58.0 M |
| Medium Support |
$85.3 M |
$190.8 M |
$347.9 M |
| High Support |
$234.5 M |
$520.9 M |
$951.4 M |
| Ultra High |
$456.5 M |
$991.3 M |
$1.8 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 |
$13 |
$1.4 M |
$10.5 M |
| Low Support |
$18.6 M |
$49.5 M |
$102.7 M |
| Medium Support |
$170.6 M |
$362.8 M |
$606.1 M |
| High Support |
$473.1 M |
$990.5 M |
$1.6 B |
| Ultra High |
$891.9 M |
$1.9 B |
$3.0 B |
|
| Listing #: USA.76.092509.003 |
Page 3 of 5 |
Date Posted: 2009-09-30 |
| ©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 |
0.5% |
1% |
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 |
$4,900 |
$16,000 |
$34,000 |
$47,000 |
| Low Support |
$87,000 |
$230,000 |
$450,000 |
$680,000 |
| Medium Support |
$590,000 |
$1.5 M |
$2.8 M |
$4.4 M |
| High Support |
$1.5 M |
$4.0 M |
$7.8 M |
$12.1 M |
| Ultra High Support |
$3.1 M |
$7.8 M |
$14.7 M |
$23.4 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 |
| 48411 - General Freight Trucking, Local |
| 48412 - General Freight Trucking, Long-Distance |
| 48899 - Other Support Activities for Transportation |
| 71151 - Independent Artists, Writers, and Performers |
| 81311 - Religious Organizations |
|
| Patent Numbers that apply to this Product/Service |
| |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
20 |
| GRANTED Patents |
1 |
| 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.76.092509.003 |
Page 4 of 5 |
Date Posted: 2009-09-30 |
| ©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 |
$110,000 |
$890,000 |
| Low Support |
$1.5 M |
$4.1 M |
$9.0 M |
| Medium Support |
$12.9 M |
$29.6 M |
$54.2 M |
| High Support |
$35.8 M |
$80.9 M |
$148.8 M |
| Ultra High |
$69.1 M |
$153.2 M |
$274.6 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 |
$2 |
$190,000 |
$1.6 M |
| Low Support |
$2.6 M |
$7.3 M |
$16.0 M |
| Medium Support |
$22.9 M |
$52.6 M |
$96.1 M |
| High Support |
$63.5 M |
$143.5 M |
$264.0 M |
| Ultra High |
$122.5 M |
$271.8 M |
$487.2 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.76.092509.003 |
Page 5 of 5 |
Date Posted: 2009-09-30 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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