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The Original Smudg G'luv. For Smudgeless Touchscreen Operation used for preventing smudges to all touch screen devices Smudgeless Glove for Electronic Devices There are currently no reviews for this Innovation.
| The Original Smudg G'luv. For Smudgeless Touchscreen Operation used for preventing smudges to all touch screen devices
Smudgeless Glove for Electronic Devices |
|
For Smudgless and Sanitary Touchscreen Operation, a new accessory line that accompanies electronic devices. |
 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 |
$75,000 |
$480,000 |
5 of 5
Shipping & Selling
|
5 of 5
Granted Patent Claims
|
34 29 is
Average
|
| Low Support |
$1.1 M |
$2.4 M |
$4.5 M |
| Medium Support |
$9.7 M |
$16.7 M |
$26.3 M |
| High Support |
$27.5 M |
$45.4 M |
$68.9 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$51.9 M |
$87.5 M |
$131.2 M |
< 6 months
|
< $10k
|
The Original Smudg G'luv. For Smudgeless Touchscreen Operation used for preventing smudges to all touch screen devices
- Smudgeless Glove for Electronic Devices
Final Decision Maker: Users of portable media and public teriminals
The Smudg G'Luv Company has taken a new product from idea to reality. Our goal is to provide the tech industry with a new accessory line to use with different electronic devices sold in the retatil industry. Buy it for your smartphone, and touchscreens, not only prevents smudging also reduces germ contact when using any public keypad at restaurants, grocery stores, bank atms and gas stations. This Smudg G'Luv glove is the first of it's kind and is intended to be used as a two fingered, snug fitting glove for applying hand navigation or finger tip operation on electronic device screens. Its main use is to prevent smudging to the screen keeping it virtually clean for smudgeless touchscreen operation. This product may be used on GPS devices (auto or hand held), all smart phones, and touch screen computers and much more. May also reduce germ contact when using any public keypad and is one of the easiest and best ways to reduce germ transmittal. Manufactured with the highest quality fabric it has been proven and tested. The Smudg G'Luv is fashionable, expandable, durable and is designed for extended use and comfort and is machine washable. For more information please visit our website at www.smudggluv.com Should you be interested in purchasing our product please contact me at your convenience. Testimonials: "I got the original smudg gluv to use on my i touch to prevent fingerprints that obstructed the viewing screen. Then I discovered a variety of uses to safequard against transfer of germs at the store, gas stations, ATM machines and even the airport. Now I know what I am giving for Christmas gifts this year". Peggy - Monterey, CA. "I love this glove it's quality material, and so comfortable can't even feel your wearing It". Dr. Joe E. O.D. - Salinas, CA. "Finally a product I can use for all my devices, saved me some money. I love this G'Luv". Susan T. - North Monterey County
| $19.95 for one glove | Seeking: Purchase, Investment, Distribution |
|
* 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.76.111209.009 |
Page 1 of 5 |
Date Posted: 2009-11-17 |
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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 |
90,000,000 |
60% |
Based on U.S. census data and assuming an average of one touchscreen user per household.
|
| Revenue per First Purchase |
$19.95 |
50% |
Individuals may need one glove may purchase two for laundry rotation. |
| % that will Repeat |
N/A |
N/A |
|
| Number of Annual Repeats |
N/A |
N/A |
|
| Revenue per Repeat Purchase |
N/A |
N/A |
|
| Reseller (Trade) Margin |
30% |
60% |
Based from provided data and current negotiations with retailers. |
| Producer Profit (EBITD) |
15% |
60% |
Current margins of 25%-30% with 10% industry average assuming increased overhead due to scaling production. |
| |
| Innovation Status |
|
Development
Status |
5 of 5
Shipping & Selling
|
Product is ready for sales and distribution. Currently in production. |
| Cost to First Sale (remaining) |
< $10k |
90% |
No sales are current. Although we have currently 8,000 gloves being produced at this time. Contacted several retailers. Retailers are awaiting product. |
| Time to First Sale (remaining) |
< 6 months |
90% |
Due to receive 8,000.00 units by 12/1/09. Retailers awaiting product. |
| Confidence in Concept Claims made in description |
70% |
We are confident that the consumer will be very interested in purchasing this product. Can be used by the proffesional executive, sports enthusiasts, 1st glove of its kind. |
Proprietary
Protection Status |
5 of 5
Granted Patent Claims
|
Product has been awarded a Notice of Allowance from the Patent and Tradmark Office and issued a patent. Patent Office did not require a utility patent. |
| 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.76.111209.009 |
Page 2 of 5 |
Date Posted: 2009-11-17 |
| ©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 |
$60,000 |
Current GOAL |
$100,000 |
The Smudg G'Luv Company has taken a new product from idea to reality. Our goal is to provide the tech industry with a new accessory line to use with different electronic devices. |
Inventor(s) Commentary:
This product appeals to electronic device users which will eliminate smudging on their device screens. Very sanitary and smudge free for office personell (using printers, calcul.),Institutional for all touchscreen users. For smudgeless touchscreen operation. Also promoting the product as a means to reduce germ contact when using public key pads. I am confident once an individual(s) learns more about our concept, it is more than likely they will be most interested in purchasing. |
|
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 |
$75,000 |
$480,000 |
| Low Support |
$1.1 M |
$2.4 M |
$4.5 M |
| Medium Support |
$9.7 M |
$16.7 M |
$26.3 M |
| High Support |
$27.5 M |
$45.4 M |
$68.9 M |
| Ultra High |
$51.9 M |
$87.5 M |
$131.2 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 |
$1 |
$130,000 |
$770,000 |
| Low Support |
$1.8 M |
$3.9 M |
$7.2 M |
| Medium Support |
$16.2 M |
$27.5 M |
$40.9 M |
| High Support |
$46.3 M |
$75.0 M |
$107.9 M |
| Ultra High |
$86.6 M |
$142.7 M |
$204.0 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 |
$1 |
$130,000 |
$780,000 |
| Low Support |
$1.7 M |
$3.9 M |
$7.1 M |
| Medium Support |
$16.1 M |
$27.2 M |
$40.5 M |
| High Support |
$45.8 M |
$74.8 M |
$107.2 M |
| Ultra High |
$86.6 M |
$142.9 M |
$204.2 M |
|
| Listing #: USA.76.111209.009 |
Page 3 of 5 |
Date Posted: 2009-11-17 |
| ©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 |
2.2% |
3.1% |
3.9% |
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 |
$1,400 |
$3,700 |
$7,000 |
$11,000 |
| Low Support |
$24,000 |
$50,000 |
$84,000 |
$150,000 |
| Medium Support |
$190,000 |
$330,000 |
$510,000 |
$1,000,000 |
| High Support |
$530,000 |
$890,000 |
$1.4 M |
$2.7 M |
| Ultra High Support |
$1.0 M |
$1.7 M |
$2.6 M |
$5.2 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 |
| 31599 - Apparel Accessories and Other Apparel Manufacturing |
| 42391 - Sporting and Recreational Goods and Supplies Merc... |
| |
| |
| |
|
| Patent Numbers that apply to this Product/Service |
| D603,581 |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
2 |
| GRANTED Patents |
1 |
| 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"
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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.76.111209.009 |
Page 4 of 5 |
Date Posted: 2009-11-17 |
| ©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 |
$12,000 |
$77,000 |
| Low Support |
$170,000 |
$380,000 |
$710,000 |
| Medium Support |
$1.5 M |
$2.7 M |
$4.2 M |
| High Support |
$4.4 M |
$7.2 M |
$10.9 M |
| Ultra High |
$8.2 M |
$13.9 M |
$20.8 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 |
$21,000 |
$140,000 |
| Low Support |
$300,000 |
$670,000 |
$1.3 M |
| Medium Support |
$2.7 M |
$4.7 M |
$7.4 M |
| High Support |
$7.7 M |
$12.8 M |
$19.4 M |
| Ultra High |
$14.6 M |
$24.6 M |
$36.9 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.76.111209.009 |
Page 5 of 5 |
Date Posted: 2009-11-17 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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