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FINGERWEB for Athletes Grip strengthening finger exerciser for athletes There are currently no reviews for this Innovation.
| FINGERWEB for Athletes
Grip strengthening finger exerciser for athletes |
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FINGERWEB is the first finger exerciser for athletes designed to be used while practicing to improve grip, ball control, endurance, and dexterity. |
 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 |
$15,000 |
$91,000 |
4 of 5
Manufacturing Ready
|
5 of 5
Granted Patent Claims
|
20 29 is
Average
|
| Low Support |
$190,000 |
$450,000 |
$900,000 |
| Medium Support |
$1.7 M |
$3.2 M |
$5.3 M |
| High Support |
$4.7 M |
$8.6 M |
$14.3 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$8.8 M |
$15.9 M |
$26.6 M |
< 6 months
|
$10k-$100k
|
FINGERWEB for Athletes
- Grip strengthening finger exerciser for athletes
Final Decision Maker: Athletes of all skill levels, Baseball and Football Players
FINGERWEB - STRENGTHEN HANDS & FINGERS FOR BETTER GRIP The FINGERWEB is the first exerciser that lets you focus on practicing your sport or carrying out chores while strengthening your wrist, hand and fingers. It is easy to wear and won't interfere with whatever activity you are doing. Other hand exercisers can not be used while practicing your craft and therefore require twice the time to use every week to see the same results.
The FINGERWEB design is simple and effective. It is comprised of a four loop elastic band that fits easily around your fingers. The thin design lets you work without getting in the way. Elastic resistance strengthens the wrist, hand, and fingers. The resistance not only impacts the muscles but it intensifies your practice results. FINGERWEB works for all athletes, but especially for baseball, softball, and football players. It comes in a range of sizes to fit everyone: small, medium, and large. Athletes from beginner to professional will benefit by using FINGERWEB.
Expect powerful results from using a FINGERWEB. Athletes can increase dexterity, improve accuracy, gain finger speed, build endurance, and improve technique. This will lead to a firmer grip on the ball, improved feel for catching, and greater ball control. The FINGERWEB has already been successfully used for several years by musicians to strengthen their hands and fingers while they play their instruments. All of the musicians who have used the FINGERWEB are impressed with the instant results and feel that playing is easier.
| $9 for One FINGERWEB | Seeking: Purchase, Investment, 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.76.031010.001 |
Page 1 of 5 |
Date Posted: 2010-04-09 |
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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 |
25,000,000 |
30% |
Estimating that around 10% of the U.S. population participates in athletic activities on a regular basis.
|
| Revenue per First Purchase |
$18.00 |
30% |
Assuming most buyers will buy two units, one for each hand. |
| % that will Repeat |
30% |
30% |
The FINGERWEB does lose elasticity over time. A new FINGERWEB will be needed. |
| Number of Annual Repeats |
1 |
50% |
FINGERWEB units should hold elasticity for about a year. |
| Revenue per Repeat Purchase |
$18.00 |
40% |
Estimating that most repeat purchases will be to replace the first two FINGERWEB units. |
| Reseller (Trade) Margin |
50% |
50% |
Information from research estimates retail athletic stores will double the purchase cost. |
| Producer Profit (EBITD) |
30% |
50% |
Adding cost for material and labor factoring in timing for unit production per hour my cost is about $1 per unit. Sold to retail stores for $4.50 per unit/ $4 to distributor. |
| |
| Innovation Status |
|
Development
Status |
4 of 5
Manufacturing Ready
|
Production methods and suppliers are in place. Packaging and display box and art are finished. Website finished. Prototypes are in use and successful. |
| Cost to First Sale (remaining) |
$10k-$100k |
50% |
FINGERWEB sewing templates can easily be set-up on existing equipment. Use of existing equipment should cut labor costs. |
| Time to First Sale (remaining) |
< 6 months |
60% |
FINGERWEB production easily crosses over into production sewing with minor training and machine set-up. |
| Confidence in Concept Claims made in description |
50% |
Based on prototypes and the success seen with musicians. |
Proprietary
Protection Status |
5 of 5
Granted Patent Claims
|
Innovation has extensive 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.76.031010.001 |
Page 2 of 5 |
Date Posted: 2010-04-09 |
| ©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 |
$- |
Current GOAL |
$- |
Strengthen while you practice. The elastic bands provide resistance as you move your fingers without interfering thanks to the thin, tight-fitting design. |
Inventor(s) Commentary:
"FINGERWEB" and "FINGERWEB for Physical Therapy" are related technologies that can be found in the Innovation Marketplace. |
|
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 |
$15,000 |
$91,000 |
| Low Support |
$190,000 |
$450,000 |
$900,000 |
| Medium Support |
$1.7 M |
$3.2 M |
$5.3 M |
| High Support |
$4.7 M |
$8.6 M |
$14.3 M |
| Ultra High |
$8.8 M |
$15.9 M |
$26.6 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 |
$33,000 |
$190,000 |
| Low Support |
$470,000 |
$960,000 |
$1.7 M |
| Medium Support |
$4.1 M |
$6.6 M |
$10.0 M |
| High Support |
$11.6 M |
$18.0 M |
$26.8 M |
| Ultra High |
$21.2 M |
$33.7 M |
$50.3 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 |
$18,000 |
$120,000 |
| Low Support |
$240,000 |
$560,000 |
$1.1 M |
| Medium Support |
$2.0 M |
$3.9 M |
$6.8 M |
| High Support |
$5.7 M |
$10.7 M |
$18.2 M |
| Ultra High |
$10.5 M |
$19.8 M |
$34.0 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 |
$0 |
$41,000 |
$240,000 |
| Low Support |
$560,000 |
$1.2 M |
$2.2 M |
| Medium Support |
$5.0 M |
$8.1 M |
$13.0 M |
| High Support |
$14.0 M |
$22.3 M |
$34.2 M |
| Ultra High |
$26.2 M |
$42.0 M |
$64.6 M |
|
| Listing #: USA.76.031010.001 |
Page 3 of 5 |
Date Posted: 2010-04-09 |
| ©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 |
3.1% |
5.1% |
7.3% |
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 |
$280 |
$770 |
$1,600 |
$2,300 |
| Low Support |
$4,600 |
$11,000 |
$20,000 |
$32,000 |
| Medium Support |
$35,000 |
$73,000 |
$130,000 |
$220,000 |
| High Support |
$95,000 |
$200,000 |
$340,000 |
$590,000 |
| Ultra High Support |
$180,000 |
$360,000 |
$630,000 |
$1.1 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 |
| 33992 - Sporting and Athletic Goods Manufacturing |
| |
| |
| |
| |
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| Patent Numbers that apply to this Product/Service |
| 1472906 |
| 3612521 |
| 5062625 |
| 6179751 |
| 6817967 |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
15 |
| 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.76.031010.001 |
Page 4 of 5 |
Date Posted: 2010-04-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
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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 |
$2,300 |
$14,000 |
| Low Support |
$31,000 |
$71,000 |
$140,000 |
| Medium Support |
$270,000 |
$500,000 |
$850,000 |
| High Support |
$750,000 |
$1.4 M |
$2.3 M |
| Ultra High |
$1.4 M |
$2.5 M |
$4.2 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 |
$4,100 |
$25,000 |
| Low Support |
$54,000 |
$130,000 |
$250,000 |
| Medium Support |
$470,000 |
$890,000 |
$1.5 M |
| High Support |
$1.3 M |
$2.4 M |
$4.0 M |
| Ultra High |
$2.5 M |
$4.5 M |
$7.5 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.76.031010.001 |
Page 5 of 5 |
Date Posted: 2010-04-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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