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Workhorse Sled: Woodworking Tool for Straight-Line Cuts Versatile Woodworking Sled for Home Woodworkers There are currently no reviews for this Innovation.
| Workhorse Sled: Woodworking Tool for Straight-Line Cuts
Versatile Woodworking Sled for Home Woodworkers |
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By cutting more angles in more places on workpieces from large to small, this woodworking tool does twice the jobs compared to other tools in the market. |
 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 |
$39,000 |
$250,000 |
2 of 5
Successful Prototypes
|
2 of 5
Patent Pending
|
40 29 is
Average
|
| Low Support |
$560,000 |
$1.2 M |
$2.2 M |
| Medium Support |
$5.1 M |
$8.7 M |
$13.4 M |
| High Support |
$14.1 M |
$23.6 M |
$35.2 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$27.1 M |
$44.5 M |
$65.7 M |
6 mos-1 yr
|
$10k-$100k
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Workhorse Sled: Woodworking Tool for Straight-Line Cuts
- Versatile Woodworking Sled for Home Woodworkers
Final Decision Maker: Woodworkers
Workhorse Sled: One Tool, Twice the Jobs! This is the only woodworking tool for guiding workpieces to make straight-line cuts that does twice the jobs compared to other tools available in the market today. This can save you money by purchasing one tool instead of two. It allows you to cut more angles in more places on workpieces from large to small. It works with your table saw or other cutting tools to help you make straight, accurate, quality cuts again and again. It works by giving you a solid support to clamp a workpiece in just about any position and angle. Once the workpiece is set into position on the tool, you can easily slide it along your cutting tool's table surface to make a high-quality, straight cut. It also has a set of accessories that allows you to make the same cut on several workpieces for larger jobs when consistency and quick setup time are essential. Through the usage of an innovative secondary support, you have the ability to cut larger and irregular shaped workpieces that would be typically impossible to cut on other tools. It's safe and easy to use. Prototype testing results have shown the capability of this tool to cover a wide range of jobs with excellent cutting results. It's your workhorse.
| $120.00 for one woodworking sled with base components | Seeking: Purchase, Distribution |
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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.76.120109.005 |
Page 1 of 5 |
Date Posted: 2009-12-11 |
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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 |
6,000,000 |
30% |
This is an estimate of the total number of woodworkers in the United States based on website traffic statistics from www.quantcast.com.
|
| Revenue per First Purchase |
$130.00 |
30% |
A first time buyer would most likely only buy one tool. Some first time buyers would also purchase additional accessories for the tool. |
| % 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 |
N/A |
N/A |
|
| Producer Profit (EBITD) |
15% |
40% |
The net profit margin estimates are based on similar companies in the industry and the estimated direct costs of the product based on the developed prototypes. |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Three prototypes versions have been built and tested by two people with good performance results. The design has not been finalized for production and selling yet. |
| Cost to First Sale (remaining) |
$10k-$100k |
40% |
Based on prototypes developed and the type of product, the additional development costs are probably less than $100,000. |
| Time to First Sale (remaining) |
6 mos-1 yr |
50% |
Base on the prototypes developed and the manufacturing processes that would be used to produce the product, the first sale could be achieved in less than one year. |
| Confidence in Concept Claims made in description |
50% |
The confidence estimate, for the claims made, are based on testing results from three working prototypes. The testing was performed by two different people. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
A utility application was filed on 9/23/2009, and it is currently awaiting examination. |
| 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.76.120109.005 |
Page 2 of 5 |
Date Posted: 2009-12-11 |
| ©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 |
$0.3 M |
Current GOAL |
$1 M |
This is a picture of the main suppport section of the product prototype on a table saw. The secondary support, which is for larger workpieces, and accessories are not shown here. |
Inventor(s) Commentary:
This product gives a woodworker the means to make precise cuts in a workpiece with more flexibility than other tools available in the market. It provides the means of making edge, rip, taper, miter, and cross cuts all with the same tool. Its design also give the means to cut workpieces that range from large to small. All of this is done with a cut quality and ease of usage that is as good or better than comparable tools in the market. The tool can be used with table saws or other cutting tools. |
|
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 |
$39,000 |
$250,000 |
| Low Support |
$560,000 |
$1.2 M |
$2.2 M |
| Medium Support |
$5.1 M |
$8.7 M |
$13.4 M |
| High Support |
$14.1 M |
$23.6 M |
$35.2 M |
| Ultra High |
$27.1 M |
$44.5 M |
$65.7 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 |
$60,000 |
$370,000 |
| Low Support |
$870,000 |
$1.9 M |
$3.4 M |
| Medium Support |
$8.0 M |
$13.3 M |
$19.5 M |
| High Support |
$22.0 M |
$36.5 M |
$51.7 M |
| Ultra High |
$42.3 M |
$68.9 M |
$98.2 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 |
$0 |
$59,000 |
$370,000 |
| Low Support |
$870,000 |
$1.9 M |
$3.4 M |
| Medium Support |
$8.0 M |
$13.3 M |
$19.6 M |
| High Support |
$22.1 M |
$36.3 M |
$52.1 M |
| Ultra High |
$42.8 M |
$69.2 M |
$97.7 M |
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| Listing #: USA.76.120109.005 |
Page 3 of 5 |
Date Posted: 2009-12-11 |
| ©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 |
1.4% |
2.1% |
2.8% |
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 |
$670 |
$1,800 |
$3,500 |
$5,500 |
| Low Support |
$11,000 |
$24,000 |
$40,000 |
$72,000 |
| Medium Support |
$90,000 |
$160,000 |
$250,000 |
$490,000 |
| High Support |
$250,000 |
$450,000 |
$680,000 |
$1.3 M |
| Ultra High Support |
$480,000 |
$850,000 |
$1.3 M |
$2.6 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 |
| 33399 - All Other General Purpose Machinery Manufacturing |
| 33321 - Sawmill and Woodworking Machinery Manufacturing |
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| |
| |
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| Patent Numbers that apply to this Product/Service |
| 12/586,409 |
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| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
12 |
| GRANTED Patents |
0 |
| 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.76.120109.005 |
Page 4 of 5 |
Date Posted: 2009-12-11 |
| ©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 |
$6,200 |
$39,000 |
| Low Support |
$89,000 |
$190,000 |
$350,000 |
| Medium Support |
$800,000 |
$1.4 M |
$2.1 M |
| High Support |
$2.2 M |
$3.7 M |
$5.6 M |
| Ultra High |
$4.3 M |
$7.1 M |
$10.4 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 |
$11,000 |
$70,000 |
| Low Support |
$160,000 |
$340,000 |
$630,000 |
| Medium Support |
$1.4 M |
$2.4 M |
$3.8 M |
| High Support |
$4.0 M |
$6.6 M |
$9.9 M |
| Ultra High |
$7.6 M |
$12.5 M |
$18.5 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.76.120109.005 |
Page 5 of 5 |
Date Posted: 2009-12-11 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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