Archive for the ‘Live Product Search’ Category

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An Insider’s Perspective on Live Product Search Presentations

Friday, December 4th, 2009

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Today we had an Amazon representative in the Edison Nation office for a Live Product Search presentation.  Amy Ellis, project manager, presented the 47 finalists, and I am going to have her tell us how it went, and what makes a good submission.

How many people sat in the Amazon presentation this morning?
We had four people present in the Amazon presentation this morning. Three of them were members of the Edison Nation team and one representative flew in from Amazon’s headquarters, in Seattle.

Who typically attends the presentations?
The one constant in all of these presentations is yours truly. I have been in each one and am usually accompanied by at least one other member of the Edison Nation team; which can range from the President to the VP of Operations. With regard to who represents the sponsors, I have had up to 15 buyers in one presentation and as few as one upper level representative from each company.

How do you present the inventions?
My first priority is that I fully understand each of the products I’m showing to our search sponsors. If the inventor includes any drawings or videos in their submission I embed it in the presentation and it is shown to the sponsor. I will go through each one, explain it, show the media and answer any questions the sponsor may have. Sometimes we spend several minutes discussing each product.

Do the attendees react well to videos/drawings?
They certainly appreciate the effort that goes into the media the inventors submit. Creativity goes a long way!

On average, how long do the presentations last?
The average presentation is about 2 hours. However, I have had them last much longer.

How did the Amazon presentation go? Did they seem interested in the inventions?
The Amazon presentation went very well and I got a very positive response from their representative. He was interested in several of the products and will be taking those ideas back with him in order to perform due diligence in house at Amazon. (I will be contacting a few of you for prototypes and/or more information!)

From an insider’s perspective, what advice would you give our inventors about filling out their LPS submissions? What do the search sponsors like to see?
Obviously the products submitted to Edison Nation run the gamut as far as development, intellectual property etc. However, whether you have a product ready for the store shelves or just a concept, a video is ALWAYS welcome. It helps me in being able to share your brain child with the sponsor and it helps the sponsor put a face with the product.

Edison Nation is expanding beyond product searches

Tuesday, December 1st, 2009

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Edison Nation is pleased to announce that we are expanding our horizons to host searches that go beyond the realm of product submissions. Companies are increasingly requesting to host searches that seek new technologies and applications, as well as naming searches for their new products and brands. The first of these new searches that we are bringing to you is WestPoint Home’s search for technologies and applications to enhance their home fashion products. For more information regarding this Live Product Search or to submit your idea visit http://www.edisonnation.com/live_product_searches/WS216.

We hope you are as excited about this opportunity as we are…and we know you are up for the challenge!

Keep an eye on our Web site, as we will be announcing a naming search in the not too distant future!

Last chance to submit to PetSmart and EN featured on Animal Planet

Monday, November 30th, 2009

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The PetSmart Live Product Search closes tonight at midnight. Learn more or submit your idea: http://www.edisonnation.com/live_product_searches/PS213.

While we are on the topic of pets, Edison Nation was featured on the Animal Planet show “Your Pet Wants This” which aired on Saturday, November, 28.

“From an airline catering exclusively to pets, to GPS tracking units for your dog and robotic litter boxes for your cat, “Your Pet Wants This” showcases the latest and greatest in products for your pet.”

Edison Nation was interviewed and we featured three products; the Sports leash for Dogs Rock, the Rock and Roll Cat Feeder and Doggy Duks. As soon as we get our paws on a copy of the footage I will post it here on the blog.

Last Chance: The Zibra Live Product Search closes tonight, November 23, at midnight PST.

Monday, November 23rd, 2009

Last chance: The Zibra Live Product Search closes tonight, November 23, at midnight PST.

Learn more or submit your idea: http://www.edisonnation.com/live_product_searches/HD211.

Your Live Product Search questions answered: Interview with Street Surfing

Monday, November 16th, 2009

Q & A with Street Surfing

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Last week we gave you the opportunity to submit questions for Street Surfing about their Live Product Search for action-oriented toys and action-sports products. On Friday afternoon we touched base with a representative from Street Surfing for an insightful Q & A session, learning more about their business and gaining helpful pointers for submitting to their search.  You can listen to the podcast or read the interview transcript that follows.
Q & A with Street Surfing

INTERVIEW TRANSCRIPT

This is Meredith Beck with Edison Nation and today I’ve got a representative on the line with Street Surfing that’s here to answer the questions that you submitted about their Live Product Search for action-oriented toys and action-sports products.

Q1: First off, why did you choose to partner with Edison Nation to find innovative products?

A: Well I think that Edison Nation provides us with an infrastructure for inventors and everyday people to approach us with ideas. We’ve definitely had success developing our own ideas in-house, but we find it so exciting when we find products elsewhere.

Q2: What have been the largest trends you have seen in this field of products?

A: The trend is definitely moving all around all the time. We see developments in scooters and skateboards. With backyard toys there’s always new innovative products and that’s one of the most important for us is something that’s truly innovative. We get really excited when we find action-oriented toys or action-sports products that are not only creative but have marketability.

Q3: Will you accept existing products but upgrade them to look better, different and more attractive to kids?

A: That’s definitely an option to upgrade something, whether it’s the inventor that upgrades it or we’re trying to make the product better to make it more marketable. We want to see products that get kids off the couch and moving around, so it really doesn’t matter whether it’s in the backyard, in the park or out on the street; whether it’s an existing product or not.

Q4: Here is another question from one of our inventors. They said, “When creating a board prototype and testing it in a demonstration video, what kinds of things do you want to see the prototype do? Specifically, what should an inventor be showing you about the board prototype?

A: With a skateboard we want to see why it’s different than your everyday skateboard, so I would ask yourself, “What will make this product stand out on the shelf?” If a video is going to show that it’s easier to do tricks, or   you know, maybe you can create new tricks entirely, then that’s something good to show us. Really just about anything with or without wheels, from skateboards to outdoor games, and I definitely think that video is a good way to show it’s going to stand out.

Great, so it’s not just working prototypes based on skateboards or Wave boards. You’re looking for wheeled, non-wheeled, what have you.

Absolutely.

Q5: Is there a specific age group that your company would like to target for the next new hit product?

A: Our products tend to target all different age groups from five years old all the way to 17 years old and older. And retailers really look to us to supply them with innovative products targeted within any of those age ranges, so I really think that the most important thing rather than age range is that it is innovative.

Q6: How popular is Street Surfing within the teen girl market? Is expanding this demographic a priority for you?

A: We have a very strong presence in the teen girl market globally. Expanding any demographic is always a great opportunity but we also have a commitment to all kids and teens whether they’re boys or girls.  We’re a recognized brand in many countries around the world and our goal is to provide quality, active fun.

Q7: How sensitive is your market to price? Do you have a price range sweet-spot for your industry? Could you tell us more about that?

A: The action sports industry and the toy industry have a range of all different prices. I mean you see things from $1, $2 retail all the way up to, you know, $200-$500. For this product search, we are definitely looking to see anything in the range from $10 up to $100. Anything over that $100 range I would definitely be careful when exploring those ideas.

Q8: Thanks for the pointer. And our last question came from an inventor that wrote: “I have an item that requires balance, coordination and is fun to use.  I used it when a kid, and it was cool…but it doesn’t have wheels. It is something that I used to take to school and challenge other kids to use. Most would say, “Oh, that’s easy”…until they tried it! But, once you get the hang of it, it’s easy and fun. However, it’s not a skate or Wave board.  Would you be interested in something that doesn’t have wheels if it would get the kids active?

A: Absolutely. Definitely getting the kids active and having fun is the big key thing here. You know, when kids first see the Wave, some think that it’s going to be easy, some think that it’s going to be hard, but they all get the hang of it one way or another pretty quick. If everyone can do it, if a product’s creative, if it can be played with for hours and hours, it doesn’t have to have wheels to be a fit for Street Surfing.

Well that looks like those were all the questions we had for you, thanks so much for your time today. Just a head’s up: December 14th is the final day to submit your innovative concept for Street Surfing. So, get to it!

Do you have any questions for Street Surfing?

Friday, November 6th, 2009

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Edison Nation will be calling a Street Surfing representative next week to answer your questions on their product search and company in general. If you would like to participate please submit your questions in the “comments” section below by Noon on Tuesday, November 10. I will then post the phone interview right here on the Official Edison Nation Blog!

For search details or to submit your idea: http://www.edisonnation.com/live_product_searches/SP214

Street Surfing is a leading provider of action-oriented toys and action-sports products around the globe. Recognized for the original Wave board, a hip caster board that combines the fluidity of surfing with the maneuverability of snowboarding and skating, Street Surfing believes that play is one of the healthiest activities for a child, and offers toys and sports products to promote the good health of youth in mind, body, and spirit.

Last Chance to submit to the PawsLife product search!

Thursday, November 5th, 2009

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The Bed Bath & Beyond PawsLife Live Product Search closes tonight at 11:59 Pacific Time

Bed Bath & Beyond, one of the largest home furnishing specialty stores in the United States with 1037+ stores nationwide, recently launched a pet section in their stores and are looking to expand their own pet brand, PawsLife.

For this search, Bed Bath & Beyond is seeking innovations that appeal to both the pet parent and pet, making life easier when it’s time to travel; get a bath; go to sleep; and be groomed. Each pet parent has their own innovative methods of caring for their animals, especially when it’s time to tackle these realistic, yet frustrating circumstances.

For more information or to submit your innovation: http://www.edisonnation.com/live_product_searches/BBB209

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