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A Wheeled Hand Tool System with multiple interchangeable leverage and hauling attachments Multi-purpose Tool System for International aid There are currently no reviews for this Innovation.
| A Wheeled Hand Tool System with multiple interchangeable leverage and hauling attachments
Multi-purpose Tool System for International aid |
|
A rugged, well balanced frame and wheel system with a variety of attachments for efficiently accomplishing lifting and transporting tasks without the need for a motor. |
 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 |
$30 |
$3.6 M |
$23.2 M |
2 of 5
Successful Prototypes
|
2 of 5
Patent Pending
|
40 29 is
Average
|
| Low Support |
$46.1 M |
$110.2 M |
$217.8 M |
| Medium Support |
$407.0 M |
$773.4 M |
$1.3 B |
| High Support |
$1.2 B |
$2.1 B |
$3.5 B |
Remaining Time & Cost to First Sale |
| Ultra High |
$2.2 B |
$3.9 B |
$6.6 B |
< 6 months
|
$10k-$100k
|
A Wheeled Hand Tool System with multiple interchangeable leverage and hauling attachments
- Multi-purpose Tool System for International aid
Final Decision Maker: International aid from US gov & citizens, contractors, landscapers, homeowners, farmers, gardeners
Scenes of desperate earthquake survivors in Haiti trying to move tons of broken debris with bare hands and the massive task of rebuilding sparked the development a Wheeled Hand Tool System TM (WHaTS) that can accomplish far more than a wheelbarrow. Based on a rugged, well balanced, universal frame and flat proof wheel system, a wide variety of leverage and load carrying attachments and bodies may be slipped into front receiver sockets and bolted to the frame. Some of the leverage attachments are: a single bar lifter for dislodging rocks and debris; a double bar lifter & loader for raising very heavy objects; a shrub and post puller; plus many more specialized attachments. In addition to the standard wheelbarrow style tub, a variety of bodies may be interchanged on the frame such as: a rack for firewood; a compost & gravel screener/sifter; a bulk transport rack for hay and brush; a garden cart style body with detachable sideboards; a comfortable seat for transporting people; and a liquid tank. The frame may be equipped with a centered wheel for maximum mobility or rapidly converted to double wheels for excellent stability. You may slip the standard wheelbarrow style handles from their sockets and replace them with handles that change the grip height or with a cross bar handle that allows you to push or pull with your body leaning into the bar. With the double wheels installed and a hitch replacing the handles, you can tow a WHaTS behind a lawn tractor or may insert shafts into the handle sockets and pull the WHaTS behind a small draft animal. The universal main frame is readily adaptable to a wide variety of productive tasks, many of which the WHaTS can accomplish better than specialized hand tools currently on the market. WHaTS is designed to ship compactly and assemble easily. This exceptionally high quality, virtually indestructible tool system can be delivered for a cost that is less than an array of less effective and less durable, single purpose hand tools. While the WHaTS is an ideal, multi-purpose tool system for US and international aid agencies to provide for economic development or post disaster response, the attractive system also appeals to gardeners, landscapers and homeowners with a few acres who take pride in well built, long lasting, uniquely useful tools that they can pass down to successive generations.
| $590 for frame with wheel, handles and one set of attachments | Seeking: 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.76.033110.006 |
Page 1 of 5 |
Date Posted: 2010-04-07 |
|
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
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 |
74,000,000 |
30% |
74 million homeowners (2004)could potentially purchase or donate a WHaTS. Low est.recognizes that not all homeowners have a need. High est. for all potential WHaTS donors.
|
| Revenue per First Purchase |
$600.00 |
30% |
Base unit with a set of attachments will cost about $500 while an extra 1 or 2 sets of attachments will add about $100. Assume buyers will be cautious and buy only 1 unit initiall |
| % that will Repeat |
45% |
10% |
Assuming customers will initially buy one, then most organizations will like the WHaTS and buy more while a significant % of individuals will encourage their friends to buy. |
| Number of Annual Repeats |
1.5 |
10% |
It will take time after an order for the recipient(s)to evaluate all the uses for a WHaTS and to appreciate its durability, thus recommending to friends will take time. |
| Revenue per Repeat Purchase |
$600.00 |
10% |
Anticipate the average will be skewed upward by large volume orders from aid organizations who will aim for cargo container size minimum orders of slightly over $100,000 each. |
| Reseller (Trade) Margin |
N/A |
N/A |
|
| Producer Profit (EBITD) |
35% |
60% |
Based on experience with other products the inventor has manufactured and marketed and the ability to fine tune production this unique product to market demand. |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Production drawings have been completed, the manufacturer selected by comparative bidding has completed 2 units, OEM parts have been sourced, plus warehousing & shipping arranged |
| Cost to First Sale (remaining) |
$10k-$100k |
60% |
Have already begun trial manufacturing, plus have assembly and drop shipping arranged. Development of web site with e-commerce capability is next. |
| Time to First Sale (remaining) |
< 6 months |
60% |
Trial manufacturing has already produced very attractive prototypes. A small production run of marketable next generation WHaTS will be completed in less than 2 months. |
| Confidence in Concept Claims made in description |
50% |
Decades of experience identifying needs then developing appropriate technology solutions to meet those needs which, in several cases, has led to products now on the market. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
A provisional patent has been filed on the main principle of a wheeled frame that can accept multiple attachments. Extensive searching & knowledge indicate no prior art. |
| 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.76.033110.006 |
Page 2 of 5 |
Date Posted: 2010-04-07 |
| ©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 |
$100,000 |
Current GOAL |
$0.3 M |
WHaTS configured with double wheels and a firewood rack option. |
Inventor(s) Commentary:
WHaTS are unique, very attractive, highly useful, and extremely durable tool systems that will have excellent appeal to both donors and recipients. They solve critical disaster relief and development needs while providing decades of productive employment to local people. Donors will be additionally pleased to provide aid with years of staying power that can bear the name of the donor, if desired.
The adaptable design will inspire users to innovate even more attachments. |
|
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 |
$30 |
$3.6 M |
$23.2 M |
| Low Support |
$46.1 M |
$110.2 M |
$217.8 M |
| Medium Support |
$407.0 M |
$773.4 M |
$1.3 B |
| High Support |
$1.2 B |
$2.1 B |
$3.5 B |
| Ultra High |
$2.2 B |
$3.9 B |
$6.6 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 |
$47 |
$5.7 M |
$35.4 M |
| Low Support |
$72.3 M |
$169.4 M |
$327.1 M |
| Medium Support |
$647.6 M |
$1.2 B |
$2.0 B |
| High Support |
$1.8 B |
$3.3 B |
$5.2 B |
| Ultra High |
$3.5 B |
$6.1 B |
$9.9 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 |
$40 |
$5.0 M |
$31.1 M |
| Low Support |
$59.5 M |
$146.5 M |
$306.8 M |
| Medium Support |
$539.8 M |
$1.0 B |
$1.9 B |
| High Support |
$1.5 B |
$2.8 B |
$5.0 B |
| Ultra High |
$2.8 B |
$5.3 B |
$9.4 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 |
$62 |
$7.4 M |
$48.9 M |
| Low Support |
$94.2 M |
$223.4 M |
$468.6 M |
| Medium Support |
$835.8 M |
$1.6 B |
$2.8 B |
| High Support |
$2.3 B |
$4.3 B |
$7.6 B |
| Ultra High |
$4.3 B |
$8.0 B |
$13.9 B |
|
| Listing #: USA.76.033110.006 |
Page 3 of 5 |
Date Posted: 2010-04-07 |
| ©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 |
2.8% |
4.7% |
7% |
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 |
$130,000 |
$370,000 |
$770,000 |
$1.1 M |
| Low Support |
$2.1 M |
$4.9 M |
$9.1 M |
$14.8 M |
| Medium Support |
$15.1 M |
$32.6 M |
$56.9 M |
$97.8 M |
| High Support |
$42.6 M |
$90.0 M |
$153.3 M |
$269.9 M |
| Ultra High Support |
$78.2 M |
$166.4 M |
$288.0 M |
$499.3 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 |
| 33299 - All Other Fabricated Metal Product Manufacturing |
| |
| |
| |
| |
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| Patent Numbers that apply to this Product/Service |
| 61/338298 |
| |
| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
40 |
| GRANTED Patents |
5 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
6 |
|
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.76.033110.006 |
Page 4 of 5 |
Date Posted: 2010-04-07 |
| ©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 |
$5 |
$580,000 |
$3.7 M |
| Low Support |
$7.3 M |
$17.5 M |
$34.5 M |
| Medium Support |
$64.5 M |
$122.6 M |
$208.9 M |
| High Support |
$183.8 M |
$333.1 M |
$555.7 M |
| Ultra High |
$344.2 M |
$620.3 M |
$1.0 B |
 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 |
$8 |
$1.0 M |
$6.5 M |
| Low Support |
$13.0 M |
$31.0 M |
$61.3 M |
| Medium Support |
$114.4 M |
$217.5 M |
$370.7 M |
| High Support |
$326.1 M |
$590.9 M |
$985.9 M |
| Ultra High |
$610.7 M |
$1.1 B |
$1.9 B |
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.76.033110.006 |
Page 5 of 5 |
Date Posted: 2010-04-07 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
