Inventor Thomas Coon is seeking a company to manufacture and distribute the 3-Way SLCS under a licensing agreement. The 3-Way SLCS allows devices powered by switch-controlled wall outlets, such as lamps, to be operated from two or more locations, immediately overcoming the inconvenience of having to operate the device via the last switch used. Turn the lamp off at the bedside, from the wall switch or vice versa. That’s real convenience and the benefits don’t stop there! USB charging ports and soft lighting are also featured. This innovative product instantly extends the functionality and convenience of switch-controlled outlets, and is sure to be a profitable addition to your product line. Contact me or visit the website for more information.
Contact:
Thomas Coon
248-310-8322 16900 W. Jefferson St
the3waylcs@gmail.com Goodyear, AZ 85338
www.3wayslcs.com
Every now and then, something new and wonderful gets invented. And for a time, it can be great. Serving immediate wants and needs. However, soon people realize it’s missing something. There’s a shortcoming, and that product stops meeting the wants, needs and satisfactions of consumers.
Like switch-controlled electrical wall outlets, for example. Too often their intended convenience is limited to just one cycle of use. When you directly turn off the bedside lamp, for example, the convenience of the wall switch is lost. Same thing in the reverse; leave the wall switch off, and you can’t turn on lamp from its own switch. The convenience of control is lost.
There’s a new device that can overcome those limitations, though, and that can offer many other benefits, too.
The Synchronized Lamp Control System consists of at least two electrical receptacles, one controlled socket and one free socket. The wall tap includes plugs that allow it to be plugged into a switch-controlled or split switch-controlled wall socket or smart plug.
In addition to their sockets, both the base and second control units include USB charging ports and power buttons. The unit’s can include an internal wireless communication protocol, which can allow communication with each other wirelessly.
With this Synchronized Lamp Control System (which can be used with much more than just lamps), the convenience of control in electrical power provision is constant, and from multiple points, too. It also extends the functions of this concept to a much more modernized format, serving multiple needs in the process.
The Synchronized Lamp Control System is compatible with dimmable lamps and todays modernized world of smart plugs control by a mobile app and infrared-using remote controlled plugs.
There’s a narrowed and desirable consumer group that can be targeted with this product, and who can easily afford it, as well.
Please read on to learn more about the Synchronized Lamp Control System, which your company is invited to include in its product line.
Features
Benefits
SIC | Industry | Companies | Annual Sales |
3643 | Current-Carrying Wiring Devices | 418 | $8.218 billion |
The Synchronized Lamp Control System can be made by companies in this industry, which includes companies that manufacture standard power sockets.
The following chart shows the most recently available sales history of the Current-Carrying Wiring Devices manufacturing industry:
Source: U.S. Bureau of the Census
Annual sales of this industry grew 18.9 percent in first year/last year comparison of this most recently reported period, with most of the growth occurring in 2013 followed by a steady pattern.
SIC | Industry | Companies | Annual Sales |
5023 | Household Furnishings | 21,106 | $60.220 billion |
5072 | Hardware Products | 3,029 | $72.879 billion |
The Synchronized Lamp Control System can be distributed by companies in these industries. SIC 5072 already carries socket and similar power items, while SIC 5023 distributes the electrically-powered household items with which the Synchronized Lamp Control System can be used.
The following chart shows the most recently reported sales history of the Household Furnishings merchant wholesale industry:
Source: U.S. Bureau of the Census
Sales of this industry grew 20.96 percent between 2013 and 2017.
The following chart shows the recent sales history of the Hardware Products merchant wholesale industry:
Source: U.S. Bureau of the Census
Annual sales of this industry grew 17.46 percent between 2013 and 2017.
SIC | Industry | Companies | Annual Sales |
5211 | Building Materials Dealers | 38,183 | $298.002 billion |
5251 | Hardware Stores | 23,265 | $29.506 billion |
5712 | Furniture Stores | 51,706 | $63.558 billion |
5719 | Miscellaneous Home Furnishings | 21,053 | $30.818 billion |
The Synchronized Lamp Control System can be sold by in retail environments of these categories. SIC 5211 and 5251 sell sockets and similar household electrical items, and SIC 5712 and 5719 sell the items with which this innovation can be used.
The following chart shows the recent sales history of Building Materials Dealers:
Source: U.S. Bureau of the Census
Annual sales of this retail industry grew 25.55 percent in the last five years.
The following chart shows the recent sales history of Hardware Stores:
Source: U.S. Bureau of the Census
Annual sales of Hardware Stores increased 24.08 percent since 2013, and include a double-digit gain in 2017 alone.
The following chart shows estimates of the recent sales history of Furniture Stores:
Source: U.S. Bureau of the Census
Annual sales of this industry grew 24.94 percent between 2013 and 2017.
The following chart shows the recent sales history of Miscellaneous Home Furnishings Stores:
Source: U.S. Bureau of the Census
Annual sales of Miscellaneous Home Furnishings Stores in 2017 were 16.62 percent higher than the sales of 2013.
The Synchronized Lamp Control System improves the intended benefits
of switch-controlled wall outlets.
The Synchronized Lamp Control Switch offers additional benefits to switch-controlled
Wall outlets.
The Synchronized Lamp Control System improves switch-controlled wall outlets
to meet modern needs.
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Potential consumers of the Synchronized Lamp Control System can be identified with demographic comparison to those who already purchase similar items, such as those who quickly purchase new electronic items shortly after they’re introduced to the marketplace.
Purchasers of New Electronic Items n=17.592 million | ||
By Age | Percent | Index |
Under 25 | 6.9 % | 130 |
25 to 34 | 23.9 % | 147 |
35 to 44 | 26.2 % | 123 |
45 to 54 | 21.5 % | 102 |
55 to 64 | 11.8 % | 79 |
65 to 74 | 5.7 % | 53 |
75 and Older | 4.0 % | 38 |
By Income | Percent | Index |
Under $20,000 | 14.1 % | 70 |
$20,000 to $29,999 | 9.5 % | 81 |
$30,000 to $39,999 | 11.4 % | 93 |
$40,000 to $49,999 | 9.7 % | 97 |
$50,000 to $74,999 | 21.9 % | 114 |
$75,000 to $99,999 | 14.2 % | 123 |
$100,000 and Over | 19.2 % | 126 |
By Sex/Marital Status | Percent | Index |
Single Male | 32.4 % | 150 |
Single Female | 8.9 % | 37 |
Married | 58.7 % | 109 |
By Household | Percent | Index |
Married, No Kids | 30.9 % | 125 |
Married, With Kids | 27.8 % | 129 |
Single Parent | 7.0 % | 69 |
Other | 34.2 % | 140 |
By Income Earners | Percent | Index |
Married, One Income | 18.2 % | 83 |
Married, Two Incomes | 40.5 % | 126 |
Single | 41.3 % | 90 |
By Homeownership | Percent | Index |
Owner | 63.7 % | 95 |
Renter | 36.3 % | 111 |
The standout consumers in both frequency and spending are young, with above-average household incomes, are married, and with two incomes to their homes. These factors can be used to identify a likely consumer group, using conservative narrowing in descending format. To further ensure applicability of this device used within the home, the consumer group can be further narrowed to those who are homeowners.
Purchases of New Electronic Items | 17.592 million |
Of Ages 18 to 44 (57.0 %) | 10.027 million |
With Incomes Over $50,000 (55.3 %) | 5.545 million |
Who Are Married with Two Incomes (40.5 %) | 2.246 million |
Who Are Homeowners (63.7 %) | 1.431 million |
Reaching only 10 percent of this extremely narrowed group would still result in sales of 143,100 units of the Synchronized Lamp Control System.
Another method of potential consumer identification would include new homeowners, including existing and newly-constructed dwellings. These consumers typically spend over $10,000 on new items for use in the home within the first year of ownership, and most of these items purchased are newer, more modern alternatives.
Sale of Pre-existing Homes (2017) | 5.536 million |
Sale of New Homes (2017) | 616,000 |
Reaching only five percent of these consumers would still result in sales of over 300,000 units of the Synchronized Lamp Control System in just one year.
Sources: Lifestyle Marketing Analyst, U.S. Bureau of the Census, “Consumer Expenditure Survey,” National Association of Homebuilders and National Realtors Association
All estimates for the possible costs and prices of a new, yet-to-be-manufactured item are very difficult to estimate. This difficulty is due to potential variations in the costs of initial materials, the rate of production for the item, and its initial consumer demand. As a result, these estimates are very difficult to comprise.
Moreover, research on estimated costs and prices is very restricted so as to avoid improper disclosure of the Synchronized Lamp Control System while still in these beginning stages.
In order to provide further detailed information for consideration, however, such estimates should be offered. The “Best Estimate” enclosed within is primarily based upon pricing of similar products (when possible) by this applicable manufacturing category, current cost of necessary materials, and average value added for the applicable manufacturing industry.
These estimates are subject to change and are enclosed only to offer a preliminary means of evaluation of product value for the Synchronized Lamp Control System. Of course, only its manufacturer could properly determine the costs and prices.
The broad estimates on potential costs and prices for the Synchronized Lamp Control System, throughout the line of distributors, could be:
Low Range | Mid Range | High Range | |
Materials Cost | $6.00 | $7.50 | $9.40 |
Manufacturer’s Cost | $12.20 | $15.25 | $19.00 |
Wholesale Price | $24.25 | $30.30 | $37.90 |
Supplier’s Price | $31.20 | $39.00 | $48.75 |
Retail Price (MSRP) | $42.99 | $53.75 | $67.29 |
REMINDER: It is extremely important to remember that the above costs and prices are only estimates. Actual costs and prices can only be determined by manufacturing companies with a good understanding of their own production capabilities and by suppliers and outlets, based on the final prices offered to them.