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College Job Placement Survey System Fully automated job placement management for universities There are currently no reviews for this Innovation.
| College Job Placement Survey System
Fully automated job placement management for universities |
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The College Job Placement Survey System provides an efficient, easy-to-use, automated job placement, tracking, and reporting solution. |
 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 |
$90 |
$790 |
4 of 5
Manufacturing Ready
|
3 of 5
Tactical Protection
|
32 29 is
Average
|
| Low Support |
$1,200 |
$3,800 |
$8,600 |
| Medium Support |
$11,000 |
$27,000 |
$52,000 |
| High Support |
$30,000 |
$74,000 |
$140,000 |
Remaining Time & Cost to First Sale |
| Ultra High |
$58,000 |
$140,000 |
$270,000 |
< 6 months
|
< $10k
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College Job Placement Survey System
- Fully automated job placement management for universities
Final Decision Maker: University Director of Career Development and University Procurement
The College Job Placement Survey System provides for easy student data input, tracking, and reporting for the college job placement process. By having this job placement data readily available, Universities can ensure academic programs are meeting the needs of potential employers. In addition Universities can ensure employers that match the academic programs strengths are targeted for recruiting events. Finally being able to show a successful track record in job placement can be an outstanding tool in recruiting the best and brightest students available. Student compliance and input for the survey process has been the historical problem. This system is easy for the students to use, reduces administration labor cost and time, and provides valuable employment/employer feedback to college administrators regarding the success of academic programs in career preparation. Previously only 20% of all students at the University of Arkansas provided job placement information once an employment offer was accepted. Using the College Job Placement Survey System the compliance has increased to 80%. The data has significantly greater value if the vast majority of students use the system. The program incorporates database technology with organized input by faculty, staff, and students. The system uses a multi-tiered SQL database that allows students to be grouped under their respective departments, and allows for changes in administrators to be made without risk of redundancy or loss of vital information. The program also features information security, restricting access to specific information on students intelligently while making available general statistics for use. Two major methods of information input are used within the system: direct input by faculty and student web collection. The web collection system requests information from students online, and automatically merges it with any information gathered by staff to paint a clear picture of that student. The result is a clearer picture of the students individually and as a whole, in a single database, without the guesswork of traditional survey systems.
| $1,000 for a one year site license | 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.76.031709.007 |
Page 1 of 5 |
Date Posted: 2009-04-27 |
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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
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|
| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
1,300 |
90% |
We know there are 4200 Colleges and Universities. We have contact data for 1300 Directors of Career Development from across the country.
|
| Revenue per First Purchase |
$1,000.00 |
90% |
The annual site license is $1000. It would be unlikely for a given University to buy more than one year of subscription at a time. |
| % that will Repeat |
70% |
30% |
For this type of software with an annual license it is likely the customer (University) will sign up for the next year's license prior to the termination of the first year. |
| Number of Annual Repeats |
1 |
30% |
This estimate is based on the fact that the annual site license costs $1000 and once installed the switching costs of discontinued use will be much higher, so renewal is likely. |
| Revenue per Repeat Purchase |
$1,000.00 |
90% |
The estimate is based on 20+ years of enterprise software development and sales experience. |
| Reseller (Trade) Margin |
N/A |
N/A |
|
| Producer Profit (EBITD) |
75% |
90% |
The cost of sales should be low, and the price point is low for the value delivered. The margin will be significant even through a licensee channel. This is SOFTWARE!! |
| |
| Innovation Status |
|
Development
Status |
4 of 5
Manufacturing Ready
|
This is a software workflow automation product for tracking undergraduate and graduate job placement. The product was built for University of Arkansas use and is ready to market. |
| Cost to First Sale (remaining) |
< $10k |
90% |
The system development is complete. The only costs are sales overhead costs for our organization the University of Arkansas Technology Licensing Office. |
| Time to First Sale (remaining) |
< 6 months |
90% |
The system is ready to go. We have the target decision maker list. The key is to simply execute the sales process. |
| Confidence in Concept Claims made in description |
90% |
The solution is in use at the University of Arkansas with great results. Most colleges across the country will face exactly the same problems. |
Proprietary
Protection Status |
3 of 5
Tactical Protection
|
This is applied software technology that has been purpose built to solve the college job placement management problem. The solution has copyright and source code protection. |
| 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.76.031709.007 |
Page 2 of 5 |
Date Posted: 2009-04-27 |
| ©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 |
$20,000 |
Current GOAL |
$50,000 |
Technology made available through the University of Arkansas Technology Licensing Office. |
Inventor(s) Commentary:
The final decision makers will be the Career Center Directors at Colleges/Universities.
This product is priced to be well below the internal development costs required to replicate it. The system has been in use for more than three years at the University of Arkansas and is fully ready for commercialization. I am very comfortable with the product and pricing based on 20 years of enterprise software sales experience. |
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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 |
$90 |
$790 |
| Low Support |
$1,200 |
$3,800 |
$8,600 |
| Medium Support |
$11,000 |
$27,000 |
$52,000 |
| High Support |
$30,000 |
$74,000 |
$140,000 |
| Ultra High |
$58,000 |
$140,000 |
$270,000 |
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 |
$150 |
$1,300 |
| Low Support |
$2,000 |
$6,300 |
$14,000 |
| Medium Support |
$18,000 |
$45,000 |
$84,000 |
| High Support |
$51,000 |
$120,000 |
$230,000 |
| Ultra High |
$99,000 |
$240,000 |
$440,000 |
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 |
$120 |
$1,100 |
| Low Support |
$1,700 |
$5,300 |
$12,000 |
| Medium Support |
$14,000 |
$37,000 |
$76,000 |
| High Support |
$40,000 |
$100,000 |
$210,000 |
| Ultra High |
$77,000 |
$200,000 |
$390,000 |
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 |
$210 |
$1,900 |
| Low Support |
$2,900 |
$8,600 |
$20,000 |
| Medium Support |
$24,000 |
$63,000 |
$120,000 |
| High Support |
$68,000 |
$170,000 |
$330,000 |
| Ultra High |
$130,000 |
$330,000 |
$630,000 |
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| Listing #: USA.76.031709.007 |
Page 3 of 5 |
Date Posted: 2009-04-27 |
| ©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
|
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| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
8.4% |
11.1% |
14.2% |
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 |
$12 |
$30 |
$57 |
$90 |
| Low Support |
$200 |
$460 |
$780 |
$1,400 |
| Medium Support |
$1,400 |
$3,000 |
$4,900 |
$8,900 |
| High Support |
$3,900 |
$8,000 |
$13,000 |
$24,000 |
| Ultra High Support |
$7,500 |
$15,000 |
$26,000 |
$46,000 |
| 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
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NAICS Industry Codes
For This Invention |
| 61131 - Colleges, Universities, and Professional Schools |
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| Patent Numbers that apply to this Product/Service |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
15 |
| GRANTED Patents |
0 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
3 |
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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.76.031709.007 |
Page 4 of 5 |
Date Posted: 2009-04-27 |
| ©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 |
$14 |
$130 |
| Low Support |
$190 |
$600 |
$1,400 |
| Medium Support |
$1,700 |
$4,200 |
$8,300 |
| High Support |
$4,800 |
$12,000 |
$22,000 |
| Ultra High |
$9,200 |
$22,000 |
$43,000 |
 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 |
$25 |
$220 |
| Low Support |
$350 |
$1,100 |
$2,400 |
| Medium Support |
$3,000 |
$7,500 |
$15,000 |
| High Support |
$8,500 |
$21,000 |
$39,000 |
| Ultra High |
$16,000 |
$40,000 |
$76,000 |
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.76.031709.007 |
Page 5 of 5 |
Date Posted: 2009-04-27 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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