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Money making idea...

by Kevin_Hutto
10 replies
I believe this is my 1000th post and since it is, I decided to throw out a little money making idea that I am never going to act on - but that would certainly be a 7 figure business...

The idea is an iphone case that's a wallet as well.

I have looked extensively and there are 2 main versions of this being made right now and they both suck and have poor customer reviews. The first version is a big bulky type wallet (leatherish) that your iphone fits into. It is too big and clumsy. So the young demo will never pick it up.

The second is closer - but the whole case is metal and the wallet sleeve is not flexible so the credit cards and money get stuck or are too loose. Tons of bad reviews.


Here is the first:
Michael Kors Wallet Clutch for iPhone - Apple Store (U.S.)

Here is the second:
iPhone Wallet Cases, iPhone ID Credit Card Cases for iPhone 3G/3GS at Case-mate

There is one that "snooky" is also promoting that is all rubber too - but again I dont think it works just right. It looks like something from a sex shop...

Here is what would sell... a case like the normal "incase" hard cases (or whatever) - but have an elastic pocket on the back. Then, its easy to slip a license and a credit card or some cash in there when you are going out or if your going to the gym or to the pool, etc...

You figure out a way to make one of these that keeps your phone the same small size but conveniently holds a couple of cards and a $100 bill and you are in business my friend.

So, to whomever will act upon it - good luck :-)
#idea #making #money
  • Profile picture of the author Kevin_Hutto
    Oh... and I almost forgot... the domain CASEWALLET.COM is available.
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  • Profile picture of the author Michael Daniels
    Cool ideal, i might have to look more into this.. thanks Kevin!
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  • Profile picture of the author Kevin_Hutto
    You guys are welcome... hope you make millions with it. Let me know when you get one made and I will be your first customer.
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    • Profile picture of the author MattVit
      Hey, brilliant idea. But upon searching "iphone case wallet" in Google, there seems to be much more than just two 'main' ones being made. In fact there are several hundred with many websites around it and heaps of Google ads, and many seem very sleek indeed.

      Still, that's not saying you wouldn't be able to do it and make a decent dime off it. Certainly not a 7 figure business, but profitable nonetheless. Happy to be proven wrong though!!
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      • Profile picture of the author Kevin_Hutto
        Originally Posted by MattVit View Post

        Hey, brilliant idea. But upon searching "iphone case wallet" in Google, there seems to be much more than just two 'main' ones being made. In fact there are several hundred with many websites around it and heaps of Google ads, and many seem very sleek indeed.

        Still, that's not saying you wouldn't be able to do it and make a decent dime off it. Certainly not a 7 figure business, but profitable nonetheless. Happy to be proven wrong though!!
        Interesting... I just searched that exact phrase and didn't find it. I have been looking for this exact thing for a month and haven't found one that is what I described. Also, interesting that you claim it is "certainly not a 7 figure business" - question: Do you have a 7 figure business? I do. Did you do keyword research on iphone cases? I did. I'm not trying to pick on you, but I find more and more that no matter how good the idea, someone is going to always point out whats wrong with it. I guess its all a matter of perspective.
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      • Profile picture of the author AdwordsMogul
        Originally Posted by MattVit View Post

        Hey, brilliant idea. But upon searching "iphone case wallet" in Google, there seems to be much more than just two 'main' ones being made. In fact there are several hundred with many websites around it and heaps of Google ads, and many seem very sleek indeed.

        Still, that's not saying you wouldn't be able to do it and make a decent dime off it. Certainly not a 7 figure business, but profitable nonetheless. Happy to be proven wrong though!!
        Why not?

        If he presents his marketing in a simple way, just as these posts, this could definitely make a lot of money. Especially if it is sold at a premium price to the right crowd.
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        • Profile picture of the author MattVit
          I'll tell you exactly why you wouldn't make 7 figures, ie a million dollars.

          The design would be for specific-sized iPhones. So, this is likely to be iPhone 4. It would take a while to prototype and test the design, having extensive experience in this industry I'd guess probably 1 to 2 months if done fast. The manufacture time to produce 1,000 of these would be 1 month (including shipping/delivery, as you'd get it done in China).

          Mind you, if the rumor of the iPhone 5 release date is true, this product is now semi-obsolete.

          So let's say this is put down as a loss, or even he held out - those dates still apply, 3 months to produce these. There just isn't a big enough customer base to sell to, he'd have to wait a month. Even with heavy advertising, one wouldn't reach enough sales to reach $100,000.

          One would need to achieve a profit of $100,000 per month to make $1,000,000 or 7 figures before the next iPhone is released. I just don't see how a start-up could be this successful.
          There have been plenty more successful iPhone products in the past, none of which have achieved similar success in such a short time.

          If this weren't enough, the market is already flooded with this stuff.

          Look at this one:
          iflipwallet . com



          P.S. The market share of mobile phones which is held by the iPhone is incredibly small, it's just us techies who think everyone has one. Specifically, Apple accounted for 2.9% of the market in 2010, didn't rise by much in 2011. Scroll down midway for the statistc: en.wikipedia.org /wiki/Mobile_phone
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          • Profile picture of the author MattVit
            Sure, why'd you say "why not" before then? I never disagreed that he wouldn't make money off it.

            Still, that's not saying you wouldn't be able to do it and make a decent dime off it. Certainly not a 7 figure business, but profitable nonetheless. Happy to be proven wrong though!!
            Also, I can't think of any possible way whatsoever to sell even one for $300. That seems totally unrealistic. Seriously, if someone makes a sale for a simple iPhone case/wallet for $300, I will take the next plane to whatever country or city you are in and tilt my hat to you in person. (though I would consider you a bit of a swindler/scammer if you're selling something for that price).

            People here seem to lose focus of the fact that they aren't selling to robots or drones - they're selling to generally intelligent consumers who make informed decisions. What person in their right mind would pay half of what they paid for an iPhone just for a cover, when a bit of searching will get them one at 10% of $300? (ie, plenty for sale for $30).

            You'd get laughed at if you tried selling an iPhone wallet / cover for $300. But hey, again, happy to be proven wrong here. There are some odd people out there.
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  • Profile picture of the author AdwordsMogul
    Well regardless, he could still make a special one sell it for $300 a pop - then he would only need to sell a few thousand.

    And he can definitely get a prototype in a shorter period of time - he is not building an engine.
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  • Profile picture of the author Kevin_Hutto
    Matt... You make several assumptions here. First one, that you understand the product I said to invent - the link that you posted is exactly what I don't want - a crappy looking leather case. Yes there are tons of those and my 13 year old daughter would never use one. That is NOT what I said to invent.

    The second assumption that you made is that I am trying to sell these as one off sales. That is an internet marketer's mindset. If I were to do this, the end goal would be to sell it to a company with marketshare and distribution already - they don't have one of these that is cool right now - and if they did, it would sell like crazy.

    And the third assumption is that it would ultimately only be for iphones or iphone4 in particular - I never said you couldn't do this for more than one particular phone. And beside that point, I don't think the Iphone4 will be "semi-obsolete"... There will still be plenty of users.

    All that has to happen for something like this to blow up is create a TRULY good design and then pay to put it in the hands of a few top celebrities and it could easily become a must have for the 13 to 33 group.

    I never said it would be easy, but it is definitely possible - but again, I know that your mind is made up so I won't waste any more of my time here.

    I will say this though, years ago when I sold my other business because my internet business was going so well... all my buddies told me I was crazy and there was no way this was going to last and I couldn't make a good income just online, etc... I didn't listen to all the reasons it wouldn't work - I just did it. Now, 2 of those guys have lost their homes because their "real" businesses tanked. And through the last 7 or 8 years I tried to help them - but they still came up with all sorts of reasons why it couldn't work. Even though they didn't have anything better (or even as good). It is most people's natural response to any idea to pick apart the flaws - but the guys who change the world are the ones who see the genius and ignore the flaws.
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