20 business ideas - Product 1. Solar Powered Bike- This...

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Product Market Revenue Model Startup Costs 1. Solar Powered Bike - This bike will run on solar power as an option. You can either petal, but if you get tired you can use the solar power to move you along at a comfortable speed. All bike riders who constantly ride a bike for pleasure and to get around places who don’t always feel like pedaling. The price point would depend on the desire for a cheaper or a more expensive bike. A regular bike would sell for $200. This would be a per unit sold item. -Hire Cornell engineer grad student to formulate technology: $25/hour at 100 hours -Warehouse space/distribution: 4% of revenue + $10,000 initiation fee. -Packaging/logo design: - $10,000. -Approx. Total: $27,000 2. College Apparel Store- This will be an online store that sells shirts for all colleges and universities. Right now, most stores only sell the major schools clothes, but this store will have everything and if we don’t then we will make it for you! People of all ages who want a shirt of their favorite college. Each shirt would cost $15. If the shirt is not in stock and has to be made it would be $20. A per unit sold business. -Warehouse space/distribution: 4% of revenue + $10,000 initiation fee. -Machines to imprint words/logos onto shirts: $3,000 - Initial t-shirts in different colors: $5 per shirt at 500 units - Website name and setup: $1000 - Approx. Total: $20,000 3. Portable Mist Water Source - This product will remove any cotton mouth/dryness with just one spray. Students, athletes, trainers, workers, all adults or parents who want to reduce possibility of dry mouth. The unit would cost $15 for the sprayer and would be a per unit sold business. -Hire Cornell engineer grad student to formulate technology: $50/hour at 20 hours -Warehouse space/distribution: 4% of revenue + $10,000 initiation fee. -Hire company to manufacture product: $1,000 (model), then $10 per unit at 10,000 units. -Packaging/logo design: -
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$10,000. Approx. Total: $90,000 4. Car Dashboard Projector- A device that projects the information on your dashboard for an easier and safer way to view everything Car drivers and operators seeking a way to identify speed, r.p.m., amount of gas, oil, etc. of car in a much easier, more clear display Each projector would cost $125 and this is a per unit sold business. -Hire Cornell engineer grad student to formulate technology: $50/hour at 100 hours -Warehouse space/distribution: 4% of revenue + $10,000 initiation fee. -Hire company to manufacture product: $10,000 (model), then $ 11 per unit at 1,000 units. -Packaging/logo design: -$10,000. -Get patent: attorney: $3,000-$5,000 then, I trademark: $2,000, 1 patent: $8,000 Marketing Firm: 3,000/ month -Approx. Total: $65,000 5. Car Navigation System Projector - Directions are usually hard to follow in a car because they are displayed in areas that are tough to look at while driving. This product will
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This note was uploaded on 02/19/2008 for the course AEM 1200 taught by Professor Perez,p.d. during the Fall '06 term at Cornell University (Engineering School).

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20 business ideas - Product 1. Solar Powered Bike- This...

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