Hello everyone,
i have been here on fastlane for over a year now, watching, waiting, learning, procrastinating.
Thanks to @AndrewNC (limitless)…i am taking the plunge of going that last 20 percent instead of dropping an idea and jumping to the next. Reading thru his few threads while at a layover in Paris for 7hrs(on way back from Hong Kong trade show) really hit a cord. Andrew, i will be purchasing your course out of respect and also out of need. Thank you.
Also, special thanks to JackEdwards who doesn't seem to be around here anymore. He is a very smart guy who helped me immensely with his phone calls in the early stages.
This awakening happened last weekend prior, and since then, i have resumed speaking with my engineers to finish off the CAD drawings(98percent done), sent out numerous emails to different manufacturers for the different parts of this machine. I feel like now is the time. Something clicked.
I started Drawing out the plans for this attraction over a year ago. It started with a small idea and it creatively blossomed into something that i personally think will do well.
Over the last year, my wife and i who love to travel, travelled to India, Dubai and Honk Kong to take a look at the trade shows where we would sell these units.
There are 3 MAJOR shows that i would display the attraction.
The organization is IAAPA(international association of amusement parks and attractions)
They are held yearly in orlando florida, Asia and europe(iaapa.org)
We went to the india trade show and the one in dubai to determine whether these smaller shows that were not a part of IAAPA were worthwhile or not,…whether it be a good idea to unveil the attraction there….
They were not, but, the trip was great, got to see Mumbai and Delhi, and also Dubai which was incredible.
So we just got back from the Hong Kong show on june 22/2015….
We went there with the intention to see how others used their trade show space on the floor. We also wanted to see what new attractions came to market. This trip was also used to get my motivation back, to see if my product will fit in well.
We learned a lot, and i feel that the ideas we came up with for when we take our product to the trade show will really catch everyones attention.
My attraction is like no other.
There is absolutely nothing like it on the market.
It can also be a mobile unit, fitting on a 40' trailer. It opens up off the base of the trailer(think transformer movie)….and unfolds to a footprint of 72ft x 72ft x 65ft high.
This opens us up HUGE with the midway/carnival market.
I have nearly 6000 potential customers. Probably 2500 that are real deal capable purchasers
NUMBERS OF POTENTIAL WORLDWIDE CUSTOMERS:
Amusement Parks: 1700
Carnivals/Funfairs/Midways: 1100
Waterparks: 360
FEC’s(family entertainment centers): 75
Zoos: 1515
Science Centers: 767
Cruise lines(multiple ships per line): 78
Mega Malls: 67
Hotels and Resorts: 220
Go Cart facilities: 120
Amusement parks, FEC’s and Midway companies will be our primary focus for immediate sales.
The Midway Companies who contract out to the carnivals and funfairs worldwide will be a major source of sales for our mobile units.
I am going to have my unit prototype produced here in Canada. This unit was engineered and a few mm off here or there would be disastrous…the unit will not work unless its produced properly with the steel fabricators. The unit is most all made of steel. Very simple unique design. For this reason i cannot get it made in china. I have to be there to look over every step of the process.
So,
My best estimation at this point, and this is very rough, until i get actual estimates from fabricators, …is that it will cost me approximately 250-300k to produce.
The selling price would be 550k++(still have to work on establishing)
I would also have to spend approximately another 100k to properly do the 3 trade shows. I would do a 20 x 30 booth. Very costly.
So all in all, i would have to invest about 400k…which i do have. I do not need to sell equity for money.
I am not a seasoned vet. I am a work in progress. I found my motivation again. I now have to make sure my steps are mistake free, solid and timely.
My weaknesses at this point are in hiring and assembling a sales team for the trade shows… managing the staff and management. I have zero experience in this. I am open to suggestion.
I will need 4 sales people to work the shows. I need to hire on experienced, hungry competent sales people who i will pay a percentage of sales. This i have not figured out yet. But i would like to pay them very well. The more they sell and prosper….the better.
I don't have any idea how many of these things i can sell. It can be anywhere from 2 units to 20 units++…..i really don't know.
I do know that i need a fabricator that is big enough to do both small and large jobs….to handle the potential volume.
Anyhow, i will keep everyone updated on the project on the daily if possible.
i would appreciate everyones advice and comments.
thanks
croman.
i have been here on fastlane for over a year now, watching, waiting, learning, procrastinating.
Thanks to @AndrewNC (limitless)…i am taking the plunge of going that last 20 percent instead of dropping an idea and jumping to the next. Reading thru his few threads while at a layover in Paris for 7hrs(on way back from Hong Kong trade show) really hit a cord. Andrew, i will be purchasing your course out of respect and also out of need. Thank you.
Also, special thanks to JackEdwards who doesn't seem to be around here anymore. He is a very smart guy who helped me immensely with his phone calls in the early stages.
This awakening happened last weekend prior, and since then, i have resumed speaking with my engineers to finish off the CAD drawings(98percent done), sent out numerous emails to different manufacturers for the different parts of this machine. I feel like now is the time. Something clicked.
I started Drawing out the plans for this attraction over a year ago. It started with a small idea and it creatively blossomed into something that i personally think will do well.
Over the last year, my wife and i who love to travel, travelled to India, Dubai and Honk Kong to take a look at the trade shows where we would sell these units.
There are 3 MAJOR shows that i would display the attraction.
The organization is IAAPA(international association of amusement parks and attractions)
They are held yearly in orlando florida, Asia and europe(iaapa.org)
We went to the india trade show and the one in dubai to determine whether these smaller shows that were not a part of IAAPA were worthwhile or not,…whether it be a good idea to unveil the attraction there….
They were not, but, the trip was great, got to see Mumbai and Delhi, and also Dubai which was incredible.
So we just got back from the Hong Kong show on june 22/2015….
We went there with the intention to see how others used their trade show space on the floor. We also wanted to see what new attractions came to market. This trip was also used to get my motivation back, to see if my product will fit in well.
We learned a lot, and i feel that the ideas we came up with for when we take our product to the trade show will really catch everyones attention.
My attraction is like no other.
There is absolutely nothing like it on the market.
It can also be a mobile unit, fitting on a 40' trailer. It opens up off the base of the trailer(think transformer movie)….and unfolds to a footprint of 72ft x 72ft x 65ft high.
This opens us up HUGE with the midway/carnival market.
I have nearly 6000 potential customers. Probably 2500 that are real deal capable purchasers
NUMBERS OF POTENTIAL WORLDWIDE CUSTOMERS:
Amusement Parks: 1700
Carnivals/Funfairs/Midways: 1100
Waterparks: 360
FEC’s(family entertainment centers): 75
Zoos: 1515
Science Centers: 767
Cruise lines(multiple ships per line): 78
Mega Malls: 67
Hotels and Resorts: 220
Go Cart facilities: 120
Amusement parks, FEC’s and Midway companies will be our primary focus for immediate sales.
The Midway Companies who contract out to the carnivals and funfairs worldwide will be a major source of sales for our mobile units.
I am going to have my unit prototype produced here in Canada. This unit was engineered and a few mm off here or there would be disastrous…the unit will not work unless its produced properly with the steel fabricators. The unit is most all made of steel. Very simple unique design. For this reason i cannot get it made in china. I have to be there to look over every step of the process.
So,
My best estimation at this point, and this is very rough, until i get actual estimates from fabricators, …is that it will cost me approximately 250-300k to produce.
The selling price would be 550k++(still have to work on establishing)
I would also have to spend approximately another 100k to properly do the 3 trade shows. I would do a 20 x 30 booth. Very costly.
So all in all, i would have to invest about 400k…which i do have. I do not need to sell equity for money.
I am not a seasoned vet. I am a work in progress. I found my motivation again. I now have to make sure my steps are mistake free, solid and timely.
My weaknesses at this point are in hiring and assembling a sales team for the trade shows… managing the staff and management. I have zero experience in this. I am open to suggestion.
I will need 4 sales people to work the shows. I need to hire on experienced, hungry competent sales people who i will pay a percentage of sales. This i have not figured out yet. But i would like to pay them very well. The more they sell and prosper….the better.
I don't have any idea how many of these things i can sell. It can be anywhere from 2 units to 20 units++…..i really don't know.
I do know that i need a fabricator that is big enough to do both small and large jobs….to handle the potential volume.
Anyhow, i will keep everyone updated on the project on the daily if possible.
i would appreciate everyones advice and comments.
thanks
croman.
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