The 360 ONLY Novelty Co. offering is now closed and is no longer accepting investments.

360 ONLY Novelty Co.

Magnetic "Attach Anywhere" Products

Regulation Crowdfunding
Austin, TX
Consumer Products
US Investors Only
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Magnetic "Attach Anywhere" Products

Neat idea, right? Simple if you think about it, but it begs the question... Why hasn't this been done before?

We believe this has not been done before because...

  • Until recently, magnets were just not strong enough
  • Invention of "super strong" Rare Earth Neodymium Magnets changed that (10x stronger) (1)
  • Unfortunately, Neodymium magnets are extremely brittle and shatter/break easily (1)
  • Exposed Neodymium magnets tend to corrode faster, break apart, dislodge, and fall out from repetitive use (1)
  • Life expectancy of a product using an exposed Neodymium magnet is low
  • Fear of negative customer satisfaction eliminated Neodymium magnet use 

That is Until Now ....

* The 360 ONLY Magnet Housing is a core component for each of the three Provisional Patents mentioned in this campaign. For details on each Provisional Patent please check below under How Our Products Work




How Our Products Work

(1) Divot Tool

Exploded view of 360 Coin inside brim seam of hat with 360 ONLY Divot Tool attached via the magnetism of the magnet in the 360 Coin attracted to the magnet in the divot tool compressing the fabric of the hat between both magnets thus attaching divot tool to hat. Ball marker (metal) sticks to divot tool via magnet embedded in divot tool. Strength of magnets are such that divot tool and ball marker will not dislodge even if visor is shaken or thrown from body.

(2) Lighter(s)

Exploded view of lighter and 360 ONLY Magnet Concept.

(3)  Jewelry

Exploded view: 360 Coin inside hat. Daisy outside and attached via the magnetism of the magnet in the 360 Coin attracted to the magnet in the daisy compressing the fabric of the hat between both magnets thus attaching daisy to hat.

Strength of magnets are such that daisy will not fall off even if hat is shaken vigorously. 

Divot tool can be worn on the right or left side of hat at the inside seam of hat through the fabric (for a floating effect) via 360 coin. Ball marker easily slides off with one's fingers and can be used and re-attached while divot tool is still on hat.

360 Coin is placed inside the hat and the daisy is attached thru the fabric. Strength of magnets are such that daisy will not move from attachment spot. It will not slide, move, disengage, fall, etc. on its own. You could take the hat off and spin it around in your hand and the daisy will not move or disengage. 

 Exploded view of divot tool with ball maker attaching to a 360 ONLY hat clip. Strength of magnet to metal hat clip is such that divot tool and ball marker will not dislodge if hat is thrown from body

While on hat clip divot tool can hold in any position. Divot tool is easily pried off with one hand, and after use, easily reattached with one hand (without visual line of sight or having to take hat off) and easily maneuvered into a position that looks fashionable while ready for next use. Bonus: Any metal ball marker can be used with the 360 ONLY Divot Tool.

XL lighters can attach directly to a steel refrigerator door and stay attached and not move even when door is closed/opened rapidly.

Candle lighter can attach to any metal surface such as the metal lid in the picture above or use a flame dot on glass to attach lighter directly to glass such as in the picture above.

Exploded view: Daisy attached to coin thru fabric. 


Strength of magnets are such that daisy will not disengage even if wearer is running.

To remove: simply slid the daisy off the lapel into your hand. 360 Coin will follow all the while staying attached to the daisy.  



What Our Customers Are Saying...

"I am a weekly golfer and have been using the 360 ONLY Divot Tool on the bill of my golf cap for over a year. It is convenient and simple to use. No more digging in my pants pocket for either a divot tool or mall marker. Now when I need either I just reach up, pry off, and use! Once done, I simply bring either into close proximity of the hat clip and let the magnet snap either one onto the base of the hat clip. I am definitely a big fan!"

Dan V.

Tuscon, Arizona

"Awesome lighter! No exaggeration! We hae been using this lighter since last October (2017) AND ONLY THIS LIGHT (over 15 months). That's unbelievable! And that's coming from somebody was buying at least one lighter a week. We placed the light on our glass bong and it's been there ever since. Our friends love it! No more, 'Hey where's the light?' or 'Who's got the lighter?' That's freakin awesome!"

Melinda and Chris B.

Grand Junction, Colorado

"This is soooo cute! I can't wait to show it to all my friends. They will love it! Where can I buy one?, like right now!"

Ashley M. 

Orange, California




* 360 ONLY Lighter U.S. Provisional Patent - details:

The Founder and President of 360 ONLY Novelty Co., Jon Verwiel  has been issued a provisional patent. It is his intent to formally sign over the patent to the 360 ONLY Novelty Co. when submitting the necessary paperwork with the United States Patent & Trademark Office when the company applies for a full patent. Until that time let it be understood that the launch of this campaign on StartEngine is an informal yet legally binding notice that the patent is to be owned by 360 ONLY Novelty Co.

** 360 ONLY Divot Tool U.S. Provisional Patent - details:

The Founder and Secretary of 360 ONLY Novelty Co., Cole Halliburton has been issued a provisional patent. It is his intent to formally sign over the patent to the 360 ONLY Novelty Co. when submitting the necessary paperwork with the United States Patent & Trademark Office when the company applies for a full patent. Until that time let it be understood that the launch of this campaign on StartEngine is an informal yet legally binding notice that the patent is to be owned by 360 ONLY Novelty Co.

*** 360 ONLY Jewelry U.S. Provisional Patent - details:

The Founder and Secretary of 360 ONLY Novelty Co., Cole Halliburton has been issued a provisional patent. It is his intent to formally sign over the patent to the 360 ONLY Novelty Co. when submitting the necessary paperwork with the United States Patent & Trademark Office when the company applies for a full patent. Until that time let it be understood that the launch of this campaign on StartEngine is an informal yet legally binding notice that the patent is to be owned by 360 ONLY Novelty Co.






Our End Goal




Mission Statement

Build the 360 ONLY Novelty Co. into a multi-product company targeting diverse markets with "quality" and "responsible" products in order to maximize "earnings" and thus generate the highest selling price possible in five (5) years."




Success Factors

Why we believe we will succeed

* The director for Magic Carpet Ride The Movie has agreed to use the 360 ONLY Lighter in several scenes and as part of the main actors costumes. The 360 ONLY Lighters will be used in action and then affixed (via the 360 Coin) to the two main character's signature hats for the remainder of the movie where they will be highly visible to the audience. The 360 Management Team has been asked to provide a dozen 360 ONLY Lighters in various colors with the two main characters musical band logo embossed on the front of each lighter. Filming begins 2019. As additional information becomes available, 360 Management will post updates at the end of this campaign.


(7) Millennial Smokers - Statistical Information

(60) U.S. Golfers - Statistical Information




The Investment Opportunity

The Offering

Investment type: Common Stock (with all voting rights granted to CEO, via proxy)


Investment

  • Selling up to 500,000 shares of  common stock at $0.20 per share 
  • Minimum investment is $150 ($150 / $0.20 = 750 shares of stock)
  • Maximum investment is $100,000
  • When you invest you are betting the company's future value will exceed $1,500,000


PERKS*


$150+    - entry into a raffle where two winners will be picked to receive all the products mentioned (one of each) in this Perk List.

$200+    - Receive a 360 ONLY Lighter and flame base plus all of above

$300+    - Receive a 360 ONLY BBQ Lighter and base plus all of above

$500+    - Receive a 360 ONLY Divot Tool, hat clip, and 360 Coin plus all of above

$1000+  - Double everything above

$2000+  - 5% stock bonus** plus all of above

$5000+  - Additional 5% stock bonus*** plus all of above (total of 10% stock bonus)


 *All perks fulfilled after the campaign closes and as each product is manufactured.


**This means you will receive a 5% bonus on any shares purchased between $2000-$4,999. For example, if you buy 10,000 shares of common stock at $0.20 / share, you will receive an additional 500  common stock bonus shares, meaning you'll own 10,500 shares for $2,000.  All perks fulfilled after the campaign closes and, for the product perks, as each product is manufactured.  


***This means you will receive a 10% bonus on any shares purchased at $5000 or above. For example, if you buy 25,000 shares of common stock at $0.20 / share, you will receive an additional 2500  common stock bonus shares, meaning you'll own 27,500 shares for $5,000.  All perks fulfilled after the campaign closes and, for the product perks, as each product is manufactured  

Invest $2000


$2000+ - Double everything above $2000+ - 5% stock bonus** plus all of the above perks

Invest

Invest $5000+


$5000+ - Additional 5% stock bonus*** plus all of above perks (total of 10% stock bonus)

Invest

Use of Funds

Based on raising the Maximum Investment Amount

Any monies raised from this campaign will be used predominantly to manufacture the 360 ONLY Lighter. This includes creation of an inventory of approximately 50,000 - 100,000 lighters with flame base. The remaining funds will be used to file the full patent with the U.S. Patent & Trademark Office and any costs tied to legal aspects such as contracts and advice. Should we run into problems that impact the manufacturing and launching of the 360 ONLY Lighter we will pivot to the 360 ONLY Divot Tool and divert our attention and capital to bringing that product to market all the while working on removing the problems surrounding the 360 ONLY Lighter. 


FYI - The 360 ONLY Divot Tool is ready to launch, and for a relatively small amount of capital (around $10,000 - $12,000) can be manufactured and brought to market.




The Remainder of the Campaign...

The 360 ONLY LIGHTER PRODUCTS


MAGNETIC HANDHELD LIGHTERS 

THAT ATTACH TO 

MOST SURFACES, 

(NOT JUST METAL)

IN ANY POSITION

READY FOR USE WHEN YOU NEED IT!


Products include:

  • 360 ONLY Lighter
  • 360 ONLY XL BBQ Lighter
  • 360 ONLY Candle Lighter (XL Mini)
  • 360 ONLY Cigar Torch 

www.360onlynovelty.com

(2) Each refill of a lighter saves 1 liter of oil - info slide 17 of 28

(3) One billion disposable lighters sold annually in the USA




  • U.S. Provisional Patent**
  • Rare Earth Neodymium Magnet (click green link for more info)
    1. Ring shape Neodymium magnet allows for superior attachment, protection, and use in application
    2. Super strong ring magnet - 5 pounds of pressure (the pull force) is needed to remove lighter from metal surface (4).
      • In layman terms the lighter (by way of the magnet) could pick up a 5 lb. metal weight.
    3. Strength of magnet is such that the lighter can hold in any position, at any degree - even upside down
  • Lighter design - unique shaft design allows Neodymium magnet to be securely attached without sacrificing use or look
  • Magnet Housing - encapsulates magnet providing protection
    1. Eliminates safety concerns 
      • Neodymium magnets are brittle, and easily chip, break, and/or shatter from repetitive use. Exposed neodymium magnets embedded in a product such as a lighter can shatter from use (impact force) with the broken magnet bits becoming dangerous projectiles that could possibly damage a person's eye.
    2. Extends product life
      • Shielding magnet eliminates breakage, extending the life of the magnet to decades. 

* *360 ONLY Lighter U.S. provisional patent - details:

The Founder and President of 360 ONLY Novelty Co., Jon Verwiel has been issued a provisional patent. It is his intent to formally sign over the patent to the 360 ONLY Novelty Co. when submitting the necessary paperwork with the United States Patent & Trademark Office when the company applies for a full patent. Until that time let it be understood that the launch of this campaign on StartEngine is an informal yet legally binding notice that the patent is to be owned by 360 ONLY Novelty Co.



How It Works: Base Adaptors

Base adaptors expand the attachability of the lighter to most surfaces not just metal ones - hence the "attach anywhere" concept

  • U.S. Provisional Patent**
  • Base Adapters
    • Expand the attachability of the lighter to most surfaces such as glass, tile, wood, paint, plastic, fabric, paper and more
    • Consist of three types
      1. Novelty base - metal base with nonmetal raised edge which allows the lighter to "dock and lock". Raised edge fits snugly around magnet housing eliminating vertical and horizontal movement. Raised edge increases holding power especially when lighter is attached to a moving, bouncing, or jostling surface such as a dashboard in a moving car. 
        1. Comes in different styles, themes, and motifs such as U.S. flag, happy face, shamrock, etc.
      2. 360 Coin - neodymium magnet embedded in coin. Magnet is reverse polarity to lighter magnet allowing lighter and coin to attach to each other through flexible surfaces such as fabric (as in a baseball hat) or cardboard (as in cigarette box).
      3. 360 Flame Dot - no raised edge for smooth dock (attach) and slide (remove) action on metal base. Used on glass especially curved glass surface (ideal for glass bongs)



Wondering Just How Strong The Neodymium Magnet Is?

360 ONLY Lighter Adherence (80 mph wind) Test Video

5 lighters attached to the hood of a Toyota FJ Cruiser traveling 80 mph 




What Makes This Product a Winner

** 360 ONLY Lighter U.S. provisional patent:

The Founder and President of 360 ONLY Novelty Co., Jon Verwiel has been issued a provisional patent. It is his intent to formally sign over the patent to the 360 ONLY Novelty Co. when submitting the necessary paperwork with the United States Patent & Trademark Office when the company applies for a full patent. Until that time let it be understood that the launch of this campaign on StartEngine is an informal yet legally binding notice that the patent is to be owned by 360 ONLY Novelty Co.

Reasons for Success

  • U.S. Provisional Patent** - barrier to competition
  • Ease of Market Entry
  • Repeat & Multiple purchase factor
  • Projected rapid sales and growth
    • Estimate Break Even: 6-8 months of product hitting market
  • High Gross Profit Margin - estimate above 75%
    • Low cost of goods sold; flexible pricing; low operation cost
  • Not a 'one trick pony' product
    • Multiple product lines based on lighter concept with diverse markets (see below)
    • Wide variety of accessories catering to personal customization
  • Unique Marketing Opportunity
    • The 369 ONLY Lighter will be showcased in a 2019 Hollywood Film*  - Magic Carpet Ride the Movie. Lighters will be used by the films main actors in several scenes and as part of their costumes. The 360 ONLY Lighter will be highly visible to the audience throughout the film.

* The director for Magic Carpet Ride The Movie has agreed to use the 360 ONLY Lighter in several scenes and as part of the main actors costumes. The 360 ONLY Lighters will be used in action and then affixed (via the 360 Coin) to the two main character's signature hats for the remainder of the movie where they will be highly visible to the audience. The 360 Management Team has been asked to provide a dozen 360 ONLY Lighters in various colors with the two main characters musical band logo embossed on the front of each lighter. Filming begins 2019. As additional information becomes available, 360 Management will post updates at the end of this campaign.




** 360 ONLY Lighter U.S. Provisional Patent - details:

The Founder and President of 360 ONLY Novelty Co., Jon Verwiel has been issued a provisional patent. It is his intent to formally sign over the patent to the 360 ONLY Novelty Co. when submitting the necessary paperwork with the United States Patent & Trademark Office when the company applies for a full patent. Until that time let it be understood that the launch of this campaign on StartEngine is an informal yet legally binding notice that the patent is to be owned by 360 ONLY Novelty Co.




Market Segments

Who is our customer for each product?

-Internal research and findings




Product Manufacturing Flowchart - 360 ONLY Lighter

This graph shows the potential distribution  of one of our products - the 360 ONLY Lighter. Though the company wishes to distribute the products as shown above, it does not currently do so.

Revenue Model

How we anticipate making money

The below diagram centers around one product line - 360 ONLY Lighter

This graph shows the potential distribution and market flow of one of our products - the 360 ONLY Lighter. Though the company wishes to distribute the products as shown above, it does not currently do so.




Marketing Plan (YEAR 1)

360 ONLY Lighter with flame base

** 360 ONLY Lighter U.S. Provisional Patent - details:

The Founder and President of 360 ONLY Novelty Co., Jon Verwiel has been issued a provisional patent. It is his intent to formally sign over the patent to the 360 ONLY Novelty Co. when submitting the necessary paperwork with the United States Patent & Trademark Office when the company applies for a full patent. Until that time let it be understood that the launch of this campaign on StartEngine is an informal yet legally binding notice that the patent is to be owned by 360 ONLY Novelty Co.




Target Market = Millennial Marijuana Smokers

* The Dept of Transportation has specific regulations on how hazardous flammable liquids such as butane lighters can be shipped in the U.S.. We must pass an inspection on the type/structure of the bulk carton shipping package for resale purposes where a third party shipping company would be used such as Fed-Ex, USPS, UPS, etc.. Until that inspection has occurred we will be targeting reseller in a 200 mile radius to the 360 Distribution Center in Austin and hand delivering product. 


**Small Quantity shipments such as a single lighter (and up to 5 lighters in a small package) do not fall under DOT requirements as listed above. Packages are limited to an ounce or less of flammable liquid and must be shipped domestic surface transportation (highway or rail). International shipments prohibited. 

Benchmark 1:    Launch Wholesale Local Smoke Shops (anticipated)

  1. Product - 360 ONLY Lighter
  2. Target Segment - daily Millennial marijuana smokers within metro Dallas, Austin, San Antonio, and Houston Areas
  3. Market Channel - Smoke shops in metro city areas listed above (29)          =  225 Smoke Shops 
    • Smoke Shop is defined as a place of business that sells Marijuana paraphernalia. It is also known as a Head Shop.
    • Offer promotional deal to new vendors to market test product
      • 1 carton (50 lighters)
      • No money down. invoice payable 'net-30 days' or  by next order
      • Carton of 50 lighters hand delivered by 360 ONLY Staff until DOT certification of compliance awarded*
        • 200 mile radius - Austin Texas - see Texas map

Benchmark 2:     Sponsored content blog campaign aimed at Marijuana Bloggers (anticipated)

  • Each month contact enough blogs whose followers reach an aggregate total of 50K followers
  • Offer blogger free product to do a review and to write about it
  • Offer blogger's readers a 20% off coupon code for product
  • Product shipped by USPS Ground**

Benchmark 3:     Direct sales campaign to 7,000+ Smoke Shops (8) and 9,000+ Tobacco Shops (9) across USA/Canada (anticipated)

  • GOAL: acquire 100 new smoke shops per month
  • Must pass DOT inspection of shipping package in order to mail bulk cartons by ground transportation

Benchmark 4:      Attend/Show at Cannabis B2B Trade Shows (anticipated)

Benchmark 5:      Amazon Fulfillment to handle all Internet/website orders (anticipated)


Benchmark 6:      Direct sales to Walmart Superstore - 3,561 US stores  (16) (anticipated)




Statistical Data supporting Marketing Plan




What Makes Our Team Special

One Word - "Chihuahua"

Meet Kobe our CCO (Chief Chihuahua Officer) and top alpha dog. He is the drive and muse behind The 360 ONLY Lighter. Without him we would have self imploded months ago. He demands pawfection and tail-waggin fun.




A Note to you

From the 360 ONLY Management Team

"Everything you see on this campaign page we personally wrote, designed, and created. We wanted it to be simple and easily read as well as to build trust with you. After all we are hoping that you become an investor in the 360 ONLY Novelty Co.. Everything we have said is real, honest, and accurate (that is to the best of our knowledge and ability). If there is anything that is confusing or missing or just plain wrong let us know in the comments section at the end of this campaign, and we will do our best to find the answer and/or correct the issue. We truly believe that the 360 ONLY Lighter, 360 ONLY Divot Tool, and 360 ONLY Jewelry are great ideas/products, and with your help the 360 ONLY Novelty Co. will become an incredibly successful company. Thank you for your time and consideration. Have an awesome day."

- The 360 ONLY Management Team

Offering Summary

Maximum 500,000* shares of  Common Stock ($100,000)

*Maximum subject to adjustment for bonus shares. See Bonuses below

Minimum 50,000 shares of  Common Stock ($10,000)


Company
360 ONLY Novelty Co.
 

Corporate Address
2210 Pasadena Dr. unit #B, Austin Texas 78757
 

Description of Business
Wholesale mfg. of novelty products (butane lighters, golf divot tools, jewelry) tied to shared patent pending technology
 

Type of Security Offered
Common Stock
 
Purchase Price of Security Offered
$0.20
 

Minimum Investment Amount (per investor) 
$150











Voting Proxy

All investors purchasing shares in this offering agree to grant their voting rights to the Chief Executive Officer of the Company (or his or her successor) as proxy on their behalf, subject to the terms below:

Voting Proxy.  Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.


PERKS*


$150+    - entry into a raffle where two winners will be picked to receive all the products mentioned (one of each) in this Perk List.

$200+    - Receive a 360 ONLY Lighter and flame base plus all of above

$300+    - Receive a 360 ONLY BBQ Lighter and base plus all of above

$500+    - Receive a 360 ONLY Divot Tool, hat clip, and 360 Coin plus all of above

$2000+  - Double everything above $2000+  - 5% stock bonus** plus all of above

$5000+  - Additional 5% stock bonus*** plus all of above (total of 10% stock bonus)


*All perks fulfilled after the campaign closes and, for product perks, as each product is manufactured.  


The 10% Bonus for StartEngine Shareholders

360 ONLY Novelty Co. will offer 10% additional bonus shares for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over  $1,000 in the StartEngine Reg A offering which closed earlier this year.

StartEngine shareholders who invested $1,000 or more in that StartEngine Reg A offering will receive a 10% bonus on this offering within a 24-hour window of this offering’s launch date.  This means you will receive a bonus for any shares you purchase.  For example, if you buy 500 shares of Common Stock at $$0.20 / share, you will receive 550 Common Stock shares, meaning you'll own 550 shares for $$100.   Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors received their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$0.00 USD
$0.00 USD
Cash And Cash Equivalents
$0.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$0.00 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
$0.00 USD
$0.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

An Exciting Update for 360 ONLY

about 1 month ago

Hello,

This is Jon Verwiel, the President of 360 ONLY with an exciting update.

  • We officially began production on the 360 ONLY Lighter. 
  • We expect to have an inventory base of 5000 lighters by the end of August. 
  • We plan to begin selling the 360 ONLY Lighter on our website and Amazon.com as soon as finished product is available.

And the best for last -  we were contacted by the CPO of an international distribution company based in Beijing China who would like to represent the 360 ONLY Lighter. They are interested in introducing innovative foreign brand products to their Chinese customers and would be using Tmall, TaoBao, JDcom, and We-Media as their online platform and about 200 brick and mortar distributors (in the middle and high-end malls in the first and second tier cities of China) as their offline platform. Their customer reach is approximately 5 million followers. We are currently in discussions about the best way to build this business relationship for both parties....  And to us that is the most exciting news possible.

Thank you and have a great day

360 ONLY Novelty Co - PROGRESS REPORT

3 months ago

Hello everyone, this is Jon Verwiel the President of the 360 ONLY Novelty Co. It's been an incredible month and a half since we launched on StartEngine. We have been going nonstop and we would like to share what's going on:


  • Our Kickstarter campaign is over 100% funded with 6 days left
  • Production for the 360 ONLY Lighter begins in two weeks
  • The 360 ONLY online store will launch within the month with the 360 ONLY Lighter, Flame Base, and 360 Chip available for retail purchase
  • Fine tuning our marketing efforts has resulted in increasing  online traffic to our website which is only seven weeks old: Total visits 794; on average 10 per day, yesterday (Wednesday 6/26/19) = 19 visits); highest in one day = 86 visits
  • Our most effective marketing tool:  Distributing free 360 ONLY Lighter Kits (includes: 360 ONLY Lighter with logo, 360 Chip, Flame Base, and color info page on how to use product) to local bars and dance clubs on a Friday/Saturday night. We saw a huge jump in website traffic to both our website and our Kickstarter campaign. In fact it has proven so effective that we are no longer utilizing FaceBook ads as part of our marketing efforts.  
  • A major component (the 360 ONLY Magnet Housing) for all 360 ONLY Products has just been signed off with the manufacturer. We expect our first shipment of 5000 pieces in two weeks.
  • The 360 ONLY Divot Tool design has been finalized and we are actively seeking a manufacturer to produce it.
  •  And finally I want to point out that even though we have not achieved our minimum funding goal here on StartEngine we are not worried that we will not achieve a successful campaign. We currently have pledges that put us over the $10,000 minimum funding goal that are scheduled to happen the last month of the campaign. 


 Thank you and have a great day


 Sincerely


Jon Verwiel

President and Founder - 360 ONLY Novelty Co

Austin Texas

Our Kickstarter campaign for the 360 ONLY Lighter has launched and we're already over 70% funded!

4 months ago

As you can see we launched one of our products - the 360 ONLY Lighter on Kickstarter and we are already over 70% funded! 

https://www.kickstarter.com/projects/360onlylighter/360-only-lighter-never-lose-your-lighter-again

Not only that but we are generating outside buzz from companies interested in 360 ONLY Products. For instance, a company representing the As Seen On TV brand (yes that one seen on late night infomercials as well as seen in major retailers such as Walmart, Target, and Bed Bath and Beyond) contacted us through our Kickstarter campaign wanting to showcase the 360 ONLY Lighter for their upcoming 4th Quarter / Holiday season lineup. The company rep was so impressed with 360 ONLY Lighter that he ended the email by stating "I think you have a really great item for our industry"

Minimum amount needed to begin generating REAL PRODUCT SALES

4 months ago

There's been a question raised:     What is the minimum amount needed to generate real product sales in a consumer market?

Answer: $7,000 ($7k)

But because StartEngine has a required minimum amount of $10,000 ($10k) the actual answer is $10,000.

The success of the 360 ONLY Novelty Co is built on the ability to pivot. Depending on what we raise on StartEngine dictates what course of action we take and what unique market we penetrate. If we generate the full $100,000 raise, then $50k could go toward the manufacture of the 360 ONLY lighter with an initial approx. inventory generation of 50,000 lighters; $25k could go toward the 360 ONLY Vape Pen battery base (new product - visit www.360onlynovelty.com) with an initial approx. inventory generation of 10,000 battery bases; and $7k could go toward the 360 ONLY Golf Divot Tool with an initial approx. inventory of 5,000 divot tools. So, as you can see we have great flexibility in providing a legitimate path to success. Success being defined as generating enough sales revenue to support the company and grow it. 

Below is a hypothetical example of the possible revenue generation of the minimum $10k raise and the maximum $100k raise (all figures are based on approximate wholesale prices):


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