SleepPhones Advanced - The progress of SleepPhones from 2007-2010 and the anticipated direction in 2011. This presentation was prepared for the Innoblue entrepreneurship panel in late November, 2010.
5. 2007
LLC formed June, 2007
Sewed and soldered over 500
SleepPhones on our kitchen table.
Sold out by the end of December.
Gross Sales: $28,000.
6.
7. 2008
Hired some help
Expanded website
Worked with local places, Amazon, and a
few retail places
Sold 1500 pieces
Gross sales $100,000
8.
9. 2009
Hired a factory in PA
SleepPhones redesigned
Sold 3400 pieces
Gross sales $240,000
10.
11. 2010
Wholesale: less than 200 pieces in 2009
to over 6000 pieces in 2010
Assembled team of professionals
Predicted sales about 13,000 pieces
Gross sales predicted over $600,000