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Description
Context
We've had 4 compost bins over the last 12 years ranging from $20 - $60.
They are all very slow and end up smelling bad even when regularly cleaned and kept outside on the veranda.
We need a better solution.
Lomi
Meet Lomi, the best way to compost at home: https://youtu.be/vFKAV4DD5ZY
Interesting how their intro video has (only) 393k views as of the time of writing, but they claim to have 75k orders.
That's an incredible 19% conversion rate ... maybe they have other intro videos that have more views. 💭
https://www.youtube.com/c/PelaEarth/videos?view=0&sort=p&flow=grid
CNET Advertorial: Lomi Composter Turns Waste Into Soil FAST Without the Stink: https://youtu.be/b5SZFrT5B-s
Landing/sales page: https://pela.earth/lomi
Note: I'm not thinking of spending $499
on a device that then locks me into a proprietary LomiPods+Filters subscription at $39
every _3 months)!! 💸 🔥 at that price I'd prefer to just put all kitchen scraps in the bin and let the landfill have the organic matter.
But we can learn several things from this website:
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There are tens of thousands (75k) of people who are eco-conscious enough to want to process their food scraps at home and pony up $500 + 160/year for the privilege. If they have in fact sold
75k
of these "packages", then they not only have an epic$37,500,000
yes, you read that correctly, $37.5 Million up-front revenue but also potentially recurring revenue of $750k/month for the useful lifetime of the product! -
This is a masterclass in landing page / conversion design!
Original indiegogo page:
https://www.indiegogo.com/projects/lomi-turn-waste-to-compost-with-a-single-button#/
I searched for the Patent but only found this nebulous reference on their Facebook page:
https://www.facebook.com/meetlomi/posts/133372128765789
They filed for a US Trademark last January: https://uspto.report/TM/90486638
## Alternative?
https://www.vitamix.com/us/en_us/shop/foodcycler-fc-50
Not quite the same because the scraps are only chopped down and dehydrated.
But still a lot better than a kitchen bin that would smell bad ... 💭
Open Hardware?
If there was an Open Hardware/Source alternative to this it would probably make even more cash!
We could build one that used off-the-shelf components e.g:
2 pack of IKEA Charcoal Filter: https://www.ikea.com/pt/en/p/nyttig-fil-400-charcoal-filter-70401947/
Note: not suggesting that we should use the IKEA one, just that it's probably widely available around the world thanks to their global reach and
€25
for 2 units each of which will last 2-3 years ...
Product details
By washing this charcoal filter approximately every three months, it can be reused and maintain its functionality for about 2-3 years. Effectively absorbs smell of cooking when the air is recirculated.
This would require a decent amount of product design / engineering ... but is totally doable. 💡
I wonder how much up-front investment would be required ... €200k
? 💭