Cord-Cube
Retractable charging station
Problem
● Our retractable-cord charging station solves the problem of having a cluttered
desk with cords laying around everywhere and also keeps all chargers neat and
untangled
● Cord Cube is efficient to keep all wires in one area when moving from one place
to another such as from home to the office
● The product is successful in keeping cords safe and diminishing damage to the
cords, possibly extending how long they will work to expectation
Market Questions
Do you work or do homework at a desk or have a desk at your home?
How many electronics that require daily charging do you own?
Approximately how much money do you spend on all your chargers/year?
Do the chargers for all your devices often get tangled with each other?
How old are you?
What we found out
A lot of people don’t have more than one charger and don’t like the idea of not
being able to take their charger with them, as it i supposed to stay in the box
Many people felt that, though they had a few products to charge, a charging box
was needed to organize their wires
Some believed that a box would help them keep their chargers in one area and
would help when on a trip/traveling
Feature Creep
We thought we could add a cloud component to the box
Feedback from third years and Krystal we found that we needed to focus more on
becoming a really great charging station before we thought about other
functions of the box
We also found out through consumer feedback that most people already have
some form of cloud storage and would not be willing to switch over until we
have a more solid foundation for our product
Competitors
No competitors have retractable cords to keep them separate and organized
All quality charging stations on the market are upwards of $100 and we would
make ours much more affordable
Competitors not nearly as focused on the organizational aspect- just charging
Cost Structure
People will pay for the base platform with any of the desired spools necessary to
charge all their devices
If people want to charge a device not supported by any of their spools, customers
will have to buy a new one
Customer Segments
● College students and business professionals that want a clean desk space rid of
cables sprawled all over the desk
● Households with a central location to charge devices
● Large market regardless of focus due to the widespread use of cell phones and
other electronic devices
The Cord-Cube
● Simple, clean design
● 2 ft. retractable cables
● Customizable spools
● Available for ANY device
Value Proposition
Sleek Design
Promotes product life of cords
Cheaper value than competitor
Next Steps
● Create a legitimate industrial design
● Have a design for the spool mechanism
● Look into customizable options on the Cord Cube such as colors, branding, or
licensing
● Create platforms for purchase online (website, amazon, etc.) to ensure that
customer receives the types of cord they want and how many
What we learned
There is a similar product out there but we have distinct differences
Our product has retractable cords and will be priced substantially lower
Other similar products are basically a power strip in a box while ours solves the problem of
cluttered desks
There is a problem with expensive chargers and cluttered desks that we are
solving
The product will be most successful on the merits of its simplicity rather than
complexity