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WineFloats - Floatable holder for wine / stemmed glasses Floatable Wine Glass Holder for Consumer There are currently no reviews for this Innovation.
| WineFloats - Floatable holder for wine / stemmed glasses
Floatable Wine Glass Holder for Consumer |
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WineFloats - A Floating wine glass holder. |
 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 |
$33,000 |
$210,000 |
2 of 5
Successful Prototypes
|
2 of 5
Patent Pending
|
45 29 is
Average
|
| Low Support |
$440,000 |
$1.0 M |
$2.1 M |
| Medium Support |
$3.7 M |
$7.2 M |
$12.8 M |
| High Support |
$10.6 M |
$19.8 M |
$34.2 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$20.0 M |
$36.7 M |
$64.1 M |
< 6 months
|
$10k-$100k
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WineFloats - Floatable holder for wine / stemmed glasses
- Floatable Wine Glass Holder for Consumer
Final Decision Maker: Pool owners; Lake property owners; Pool/spa businesses; Poolside bar owners at hotels, ski slopes and resorts; Marketing Director of a company; Consumers.
Introducing..."WineFloats" (TM) - The first drink holder designed to safely hold and float a wine glass in a pool or spa! Now anyone can feel like they're 'living the good life' with this simple, fun way to float a glass of wine or other drink! 'Relax IN your pool WITH your wine'! My "WineFloat" will let a wine glass ride with the motion of the water. You will be able to pick up a glass as it floats by, or swim over to it. No more worries with a glass setting on the side of the pool or dock, and the chance of it being knocked over or broken. Research shows that in 2004 there were over 4,500,000 in-ground pools, 3,500,000 above ground pools, and 5,000,000 spas in the U.S. alone. Also, there are many lakefront properties, hotels, resorts, and cruise ships with pools where WineFloats could be used. An average homeowner would have 4-6 "WineFloats", while a business might have 100's to 1000's. This would mean the total market for WineFloats to be much larger than just the number of pools and spas. The patent filing covers many options for shapes, colors and materials. One option includes a way to use a WineFloat as a radio paging system for use on cruise ships, and at hotels and resorts. They can even have lights on them to be used in the evenings and can also be made to hold all types of stemware. Customers could buy these in gift shops in a package that includes the glassware and WineFloats together. Businesses can also use them for advertising with printed logos or cut into unique shapes, or used as 'give-away' items at trade shows or other events. The basic "WineFloat" should be quite inexpensive, and easy to make. In volume, the cost to make these could be as low as 25 cents each. More ideas and information available on request. Seeking: Research, Purchase, Investment, Distribution, Manufacturing/R&D.
| $3.75 for one WineFloat | 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.76.102509.003 |
Page 1 of 5 |
Date Posted: 2009-10-30 |
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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 |
16,000,000 |
60% |
Pool & spa statistics and reputable resources on the Web, indicate the large number of pools in the US & Canada, the 9+ cruise lines catering the US, numerous Hotels & Resorts etc.
|
| Revenue per First Purchase |
$15.00 |
60% |
Generally, people who have pools like to invite other people over to their home and pool and therefore need more than one WineFloat to use with their friends and neighbors. |
| % that will Repeat |
40% |
60% |
Once purchased, they can get lost, chewed by a pet, given away as souvenirs on cruise ships or at resorts, and bought in quantity for an additional specific event like a party. |
| Number of Annual Repeats |
2 |
60% |
Pool season is typically less than one year. It is cyclical - even in the south where it's warmer longer; but the loss probability is still great. Repeat sales with many versions. |
| Revenue per Repeat Purchase |
$25.00 |
60% |
People will tend to try them out first then become repeat buyers...buying as gifts; for friends; to take on vacation; or buy as souvenirs...etc. |
| Reseller (Trade) Margin |
15% |
60% |
I used information on Planet Eureka website and took an average of what's available. |
| Producer Profit (EBITD) |
50% |
60% |
Consulted with manufacturing and marketing experts. |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Patent search for prior art, basic market research and initial market testing have been completed. Built several versions of a prototype in various types of materials, and shapes. |
| Cost to First Sale (remaining) |
$10k-$100k |
60% |
Decide on manufacturing materials and methods. Target first market area. Decide on distribution method. Consulted with manufacturing experts. |
| Time to First Sale (remaining) |
< 6 months |
60% |
The basic WineFloat should be easy to manufacture. Once market and distribution areas identified, shouldn't take long at all. Consulted with manufacturing experts. |
| Confidence in Concept Claims made in description |
60% |
Prior art searches indicate nothing in the market today. The idea has been exposed to people in the pool & spa industry and a speciaty advertising co. with VERY positive feedback. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
I have done extensive prior art searches, filed 2 provisional patents and filed for 1 regular patent. I'm considering filing for TM & design patents. |
| 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.76.102509.003 |
Page 2 of 5 |
Date Posted: 2009-10-30 |
| ©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 |
$5 M |
Current GOAL |
$35 M |
Floating Along...Float a stem glass with your favorite beverage right along in the water with you...safe and fun! |
Inventor(s) Commentary:
This IS a really fun way to spend time with friends while relaxing & floating in the water! The patent identifies dozens of options, designs & enhancements to these WineFloats that should make them very marketable. The basic WineFloat should cost just pennies to make and be able to sell with an excellent profit, then it can be enhanced to sell as a unique, 'high end' product or collector item! Pool, boat & lakefront property owners can enjoy this, and can also be used at hotels and cruise lines. |
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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 |
$0 |
$33,000 |
$210,000 |
| Low Support |
$440,000 |
$1.0 M |
$2.1 M |
| Medium Support |
$3.7 M |
$7.2 M |
$12.8 M |
| High Support |
$10.6 M |
$19.8 M |
$34.2 M |
| Ultra High |
$20.0 M |
$36.7 M |
$64.1 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 |
$0 |
$48,000 |
$310,000 |
| Low Support |
$650,000 |
$1.5 M |
$3.1 M |
| Medium Support |
$5.6 M |
$10.6 M |
$18.5 M |
| High Support |
$15.7 M |
$29.0 M |
$49.7 M |
| Ultra High |
$29.7 M |
$54.4 M |
$92.5 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 |
$0 |
$48,000 |
$320,000 |
| Low Support |
$640,000 |
$1.5 M |
$3.3 M |
| Medium Support |
$5.4 M |
$10.6 M |
$20.4 M |
| High Support |
$15.4 M |
$29.5 M |
$55.3 M |
| Ultra High |
$28.0 M |
$55.9 M |
$103.6 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 |
$1 |
$73,000 |
$470,000 |
| Low Support |
$940,000 |
$2.3 M |
$4.8 M |
| Medium Support |
$8.2 M |
$16.0 M |
$29.4 M |
| High Support |
$22.9 M |
$43.8 M |
$79.8 M |
| Ultra High |
$42.3 M |
$81.4 M |
$148.9 M |
|
| Listing #: USA.76.102509.003 |
Page 3 of 5 |
Date Posted: 2009-10-30 |
| ©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 |
5.2% |
7.1% |
9.2% |
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 |
$1,600 |
$4,300 |
$8,200 |
$13,000 |
| Low Support |
$27,000 |
$59,000 |
$99,000 |
$180,000 |
| Medium Support |
$190,000 |
$390,000 |
$630,000 |
$1.2 M |
| High Support |
$550,000 |
$1.1 M |
$1.7 M |
$3.2 M |
| Ultra High Support |
$1.0 M |
$1.9 M |
$3.1 M |
$5.8 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 |
| 32615 - Urethane and Other Foam Product (except Polystyre... |
| 42393 - Recyclable Material Merchant Wholesalers |
| 44531 - Beer, Wine, and Liquor Stores |
| 45291 - Warehouse Clubs and Supercenters |
| 72111 - Hotels (except Casino Hotels) and Motels |
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| Patent Numbers that apply to this Product/Service |
| Patent filed, not yet published. |
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| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
3 |
| 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.76.102509.003 |
Page 4 of 5 |
Date Posted: 2009-10-30 |
| ©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 |
$0 |
$5,200 |
$34,000 |
| Low Support |
$69,000 |
$160,000 |
$330,000 |
| Medium Support |
$590,000 |
$1.1 M |
$2.0 M |
| High Support |
$1.7 M |
$3.1 M |
$5.4 M |
| Ultra High |
$3.2 M |
$5.8 M |
$10.2 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 |
$9,200 |
$60,000 |
| Low Support |
$120,000 |
$290,000 |
$590,000 |
| Medium Support |
$1.1 M |
$2.0 M |
$3.6 M |
| High Support |
$3.0 M |
$5.6 M |
$9.6 M |
| Ultra High |
$5.6 M |
$10.3 M |
$18.0 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.76.102509.003 |
Page 5 of 5 |
Date Posted: 2009-10-30 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
