Springfree Trampoline

“You know, we look at, you know, our probably 30,000 is our annual volume, and we build our business model around that.”

“Virtually in, in the northern hemisphere and are only. We were selling direct in places where we could, but they were basically 90% of our distribution.”

“It was more than that. We were losing money on every product. We had to do that to find out if we could create a market.”

“We probably invested maybe five to seven million dollars in the factory construction and then a couple more million in some other stores. And I think we had a debt raise of about, at the time, three million dollars.”

“They were costing about 1400 and 50 dollars To make one.”

“To buy everything when everything was all said and done and all the settlements at the university, I think it was probably close to that, yes.”

“Traditional trampoline has got a steel bar around the outside edge and springs right beside it, and then the mat that you jump on in the middle, and I can see that it's dangerous because the accident rates have gone up, and it's pretty obvious. You give this n…”

“Even to this day, most of the original Manufacturing components, the rods and the net material that we use, we're using the exact same manufacturing partners. They've come a long way, the whole way through the whole journey. We've never deviated from that, but…”

“If a spring-free customer has a spring-free trampoline, if a parent who says, well, I really don't like trampolines, they'll sell it for me to other friends and neighbors, and 50% of our sales came from our customers.”

“Keith started writing research papers, and of measuring our statistics, and we were going, you know, we remove 90% of the product related injuries. So he's taken, his design has removed 90%”

“So we didn't sell any products, we didn't make any products, we just spent a year building an enclosure for the Spring Free Enclosure.”

“These things are sticking straight up, and if you're on a trampoline on the top, and you fell on it, because they're vertical, if you fell right on the edge, you could impale yourself on them. So what if we laid them over so that they're 45 degrees? Then if yo…”

“So we cut out almost all of our big retailers. We had a big retailer right at the start who sent us a notice and say, we, we're in 90 day terms with them. And they sent us a note and said, we're going to a 180 day terms. And we said, have a nice day. You're no…”

“So when our retail stores shut down, those people stepped up, they got on the phone, We were running, you know, seven, 800 calls a day, not missing one of them.”

“300%.”

“Even to this day, most of the original Manufacturing components, the rods and the net material that we use, we are using the exact same manufacturing partners. They've come a long way, the whole way through the whole journey. We've never deviated from that, bu…”

“And we skipped apart guy, which is in 2008, we decided to build our own factory in China because we weren't satisfied with the quality. So I invested about five million dollars in building a Chinese factory.”

“Keith started writing research papers, and of measuring our statistics, and we were going, you know, we remove 90% of the product related injuries. So he's taken, his design has removed 90%”

“We were losing money on every product. We had to do that to find out if we could create a market.”

“They had a look at it, and they said, this is not market ready. You need another 50,000, 100,000 dollars to make it market ready, and then they went away.”

“Worked out to be about 3265 pieces in oh five.”

“Number one, the material cost for that was about 800 dollars. Back at that time. Just the material costs. So there's no manufacturing in that at all.”

“They were costing about 1450 dollars. To make one.”

“And according to the company, since its launch, Springfree has sold nearly half a million trampolines worldwide.”

“Virtually in, in the northern hemisphere and our only. We were selling direct in places where we could, but they were basically 90% of our distribution.”

“We got one important order by Costco Canada.”

“We look at, you know, our probably 30,000 is our annual volume, and we build our business model around that.”

“If a spring-free customer has a spring-free trampoline, if a parent who says, well, I really don't like trampolines, they'll sell it for me to other friends and neighbors, and 50% of our sales came from our customers.”

“The first order was 400 pieces on a trial.”

“These things are sticking straight up, and if you're on a trampoline on the top, and you fell on it, because they're vertical, if you fell right on the edge, you can impale yourself on them. So what if we laid them over so that they're 45 degrees? Then if you …”

“So we didn't sell any products. We didn't make any products. We just spent a year building an enclosure for the spring.”