Thread: A golfing idea...

To you serious golfers out there I would appreciate your feedback. My brothers and I have been working on this www.sqrdup.com for the last three years. It now looks like this invention may float.

I am not trying to sale it on TD! I would just appreciate some TD feedback.

Thanks,
hillbilly

I think it is great Hilly.

Would love to see it, but it would not load.

can we have a free sample so we can try it ?

As you probably know Hillbilly, golf training aids are generally very marketable.

Your product appears more sophisticated than most of the alignment equipment models currently marketed, additionally size matters (the less bulky the better)

Lots of opportunities to air/exhibit new golf products around the world and i suspect that your team are very much onto to a winner. I wish you all well.

When do i get mine?

I think you have done a nice job with this concept. Looks very salable. I hope you have it patented.
I bet it would do well at Golfsmith and similar retailers.

Would the colour of the lasers be more visible if red? The green may disappear on different shades of grass.

edit. Just looked at the online strore and there is indeed a red lasered version.

Originally Posted by Humbert

I hope you have it patented.

Yes we do have a patent for it, both for the states and internationally. This is really one of our big concerns because once it is in the Asian markets, well you know...

Originally Posted by hillbilly

Originally Posted by Humbert

I hope you have it patented.

Yes we do have a patent for it, both for the states and internationally. This is really one of our big concerns because once it is in the Asian markets, well you know...

Looks great , send some in to the editors of the golf magazines as they often are always looking for content to review.

Also expect if there nothing else like this on the market and it does sell well , it will be easily copied.

Well we are in the Arnie Palmer's magazine Kingdom.

Kingdom 19 Gift Guide

Considering how cheap laser pointers are, I find the product to be quite expensive.

Originally Posted by pickel

Considering how cheap laser pointers are, I find the product to be quite expensive.

Are you involved in manufacturing ?

The retail cost is around $100

If these get wholesaled to dealers/stores they most often want close to 100% markup - that is how they survive , so cost is now down to $50 per unit in ChillBillys pocket.

Realistically this should not cost more than $25 each to manufacture , not including

plastic injection molding and tooling fees
these run into the $1000's for setting up

his patent costs (low end $6-$8K US) ,

then actual logistics of moving this larger item around.

And still the margins may still be close

Originally Posted by hillbilly

Well we are in the Arnie Palmer's magazine Kingdom.

Kingdom 19 Gift Guide

send them one


Gear Patrol | The Definitive Men's Resource

Might be a good idea for training centres, but I can't see many serious golfers using one.

Good Luck though Hillbilly, what do I know, I wish you every success

Golfers' Mate

Watch Dennis in the Den and other videos from this episode:







Name Dennis Fuller Pitching Golfers' Mate Investment Required £100,000 Equity Offered 12.5% Brief Description A 3 in 1 golf accessory that includes a pitch-mark repairer, ball marker, t-peg and sharpener
Glossary terms:

• Branding
• Break even
• Profit
• Recommended retail price
• Return on investment

Dennis in the Den

Nerves cause many a pitch to falter but as Dennis Fuller proved that doesn't always lead to failure. Perseverance can bring rewards in the Den
Dennis makes three attempts to get his pitch underway but once in his stride, he talks with passion about his Golfers' Mate. Dennis says that the gadget will have a recommended retail price of less than £10 and that he hopes to sell 400,000 units in a year. He adds that there is a strong corporate interest in branding his product.
Deborah Meaden admits that she is not a golfer and asks Dennis questions about what the product does and how big the market is for products like this. Crucially she wants to know how much money she could get as a return from her investment. When Dennis admits to Deborah that he does not know how big the market is Deborah berates him adruptly declares herself out.
Duncan Bannatyne is equally dismayed by the entrepreneur's lack of market research and follows suit.
You' re the sort of bloke who I'd go for a drink with.
Theo takes a shine to Dennis

Theo Paphitis suggests that while the product is nice he wonders if it's enough to sustain a business. When he asks Dennis about his background, he finds out that he is the chairman of a six branch employment agency.
With a background in this sector, James Caan pursues Theo's line of inquiry and is impressed with how Dennis has managed to ride the tough current economic storm.
James asks Dennis if he has £100,000 of his own money to invest. Dennis admits he has but he wants the Dragons help as he is not a retailer or a marketeer and he believes the Dragons could help him in these key areas.
Peter Jones tells Dennis that he is a keen golfer but feels he could pick up a similar product for a pound. Dennis agrees that you can buy basic ones cheaply but Peter sticks his ground and declares himself out.
While clearly warming to Dennis, Theo dismisses the product as over-engineered and declares himself out.
With only James left, Dennis passionately tells the Dragon he is confident of selling 60,000 units in 23 weeks or 2,000 in a week. He also informs him that lucrative deals in the Republic of Ireland and Germany are about to be clinched. He also hopes to tap into the European and US markets in the next three years.
Impressed, James offers Dennis the full amount he wants for a 30% share.
Dennis comes back with a counter offer - he will do a deal with James for 25% of the business on the proviso that the Dragon allows him to buy back a 15% share of the original £100,000 in 12 months time. The deal will effectively give James 10% of Dennis's company for nothing.
James is keen on this and the duo shake hands on the deal.
The deal done in the Den:

James Caan: £100,000 for a 25% stake in Golfers' Mate on the proviso that the Dragon allows the entrepreneur to buy back a 15% share for the original £100,000 in 12 months time.


What's your view?

Comments

• 1. At 10:08pm on 26 Jul 2010, northpanting wrote: We are avid golfers and agree that this is a fantastic idea - we want to buy one!!! Where can we buy this? I can easily see these in every pro shop logo-ed with the golf clubs name. Would definitely buy one - we live overseas and can easily see these being a great asset to golfers!!! Please can you let me know where we can buy one!!!
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• 2. At 10:26pm on 26 Jul 2010, dsuk wrote: I love these people who come on with mad inventions that could be copied in china for pence, with business valuations of millions... Here's my golf idea: Its a pair of golf gloves, its twice as good as one glove, and keeps you warm in winter, they could have corporate branding, and have a pencil sharpener built in :-)
  Complain about this comment
• 3. At 10:26pm on 26 Jul 2010, xxHannahxx wrote: This comment was removed because the moderators found it broke the House Rules.
• 4. At 10:04am on 27 Jul 2010, Golfers Mate wrote: This comment was removed because the moderators found it broke the House Rules.
• 5. At 12:13pm on 27 Jul 2010, hoffenfunk wrote: this is a brilliant idea. as a golfer myself i use a pitch mark repairer every time i play. i fully agree with the comment that northpanting has left, i can see most golf courses selling these with their own logo on it and as well as that i could also see most major football clubs selling them with their team badge on them. i definitely want 1 myself and want to know where i can buy one.
  Complain about this comment
• 6. At 12:23pm on 27 Jul 2010, xxHannahxx wrote: northpanting if you google them you can buy from their website
  Complain about this comment
• 7. At 2:43pm on 27 Jul 2010, Jan wrote: Hello
  It is an nice 3 in 1 idea. I would like to discuss the distribution for the Benelux and even other European countries like France and Germany.
  Good luck with your project.
  Kind regards
  Jan
  
  Complain about this comment
• 8. At 08:07am on 28 Jul 2010, JasonWyles wrote: Congratulations Dennis from your friends at your local golf club Tidworth
  Complain about this comment
• 9. At 2:19pm on 29 Jul 2010, paul neave wrote: Congratulations Dennis im sure you will go from strength to strength
  Complain about this comment
• 10. At 2:20pm on 29 Jul 2010, paul neave wrote: Congratulations Dennis
  Complain about this comment
• 11. At 11:20am on 03 Aug 2010, rick wrote: Hello, I have noticed that some of you have posted that you would like to purchase or sell a Golfers' Mate, could you please go to oue web site where you can order one or contact us. Thank You.
  Golfers'Mate
  
  
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BBC - Dragons' Den - Entrepreneurs - Dennis Fuller

There's a video of his presentation on there, but you need a proxy

Your going to need to develop a laser guided golf ball for this one.

Golfers are known to spend heaps of money on anything which may help their game and I think this product is simple and easy enough to understand and to win orders.

Lets face it 100 bucks won't get you a round of golf on most decent golf courses on this planet.

I really think it may end up in every Korean's and Jap's golf bags in Asia but I do wonder about the legality about using it on the tee and to set yourself up for a drive.

Hillbilly, have you looked into this aspect?

See what these experts think HB.

You can apply for the show here

BBC - Dragons' Den - Application Form

Originally Posted by Loy Toy

I really think it may end up in every Korean's and Jap's golf bags in Asia but I do wonder about the legality about using it on the tee and to set yourself up for a drive.

That was exactly the point I was making LT infact I would,nt even begin a round in a competition with one in my bag ( if I had bought one ) as I said a device for the practice ground only ..

Good luck bud, have faith.

'Idiot' Dragons' Den contestant laughed off the show turns his invention into huge business | Mail Online

Hillbilly my friend just an update for you about the general state of play here in the UK .

Currently in the UK times are not good ,, people are cutting back on everything , and golf seems to be one of them getting hit pretty hard . Its not so much the buying of the gear its the running costs ie club membership , something the clubs cant do much about because they need the money back from the members to pay the long term investors who have built the club .

Yesterday I went along to the local car boot sale and I have never seen so many sets of golf clubs and equipment for sale , and they were nearly giving it away , example I bought a right hand graphite wedge and a left hand 8 iron for me and the wife to have a knock up the range with ,, I paid 50p per club ! about 24bht and the guy took these from sets ! I had a chat with several of the folk selling the clubs and it was the same ol story , can no longer afford the greenfees , and I am lucky enuf to live in a fairly affluent part of the UK with relativly good employment .

I,m not trying to be negative here mate , just trying to show you what its like on the ground here ,, mabe other parts of the world will paint hopefully a better pic for you , all the best Nigel