The Shark Tank - Page 107 - Business, Finances and Investing Forum

Cuban's reason for dropping out of pacifier lady's pitch was LOLtastic... he was concerned that she has too much inventory and will not be able to tweak the product, because it would take too long to sell through it. Yeah right, going on Shark Tank with a product like that you WANT them to have a lot of inventory, deal or not (but especially with deal) she is going to sell through all that inventory in no time just from being on TV... I mean, don't do a deal with her, fine, but stop pretending like being on this show doesn't make a huge difference for these companies' immediate futures.

I'm pretty sure not all pitches air, so counting on it airing to make decisions isn't exactly safe

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04-12-2015 , 05:13 AM

#2652

chezlaw

Limey Bastard

Join Date: Jan 2004 Posts: 46,912

Quote:

Originally Posted by Keloika

I'm pretty sure not all pitches air, so counting on it airing to make decisions isn't exactly safe

If his in then it 100% airs

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04-12-2015 , 09:40 AM

#2653

...|...

banned

Join Date: Feb 2012 Posts: 3,072

Quote:

Originally Posted by Party

I have never bought into all that expensive **** to develop children's brains and im really really cheap on what i buy..
i would of gladly paid 20$ for it

The product will be a homerun for sure. Great design, decently usefull. Loved the monkey and banana thing.

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04-12-2015 , 10:59 AM

#2654

mrducks

Pooh-Bah

Join Date: Oct 2009 Posts: 4,260

I didn't understand why the Sharks went off on the price of the pacifier thing. Parents spend tons of money and stupid stuff for their kids and this seems like an actually useful product. Just pacifiers are cheap (so you can replace them with this product) but this is a mobile hanging thing. I assume those cost more than $20.

It seems like it would sell well especially with moms relating to this women on television. I'm sure moms would rather give her $20 than a big corporation.

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04-12-2015 , 11:01 AM

#2655

EddyB66

Carpal \'Tunnel

Join Date: Feb 2011 Posts: 26,767

Quote:

Originally Posted by Conz

How does Daymond let a company called "Forus" pitch without even mentioning the name of his company?

Immediately thought the same thing.

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04-12-2015 , 04:26 PM

#2656

WiltOnTilt

veteran

Join Date: Aug 2004 Posts: 2,893

Quote:

Originally Posted by mrducks

both me and my wife thought the exact same thing.

Plus its a great baby shower type gift where people aren't price sensitive at all

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04-12-2015 , 04:43 PM

#2657

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

Re: Forus, it's very possible Daymond did bring up the FUBU connection but it got edited out. It doesn't seem like that's something they'd cut, but who knows, the editor for that pitch may have been sloppy or just not known.

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04-12-2015 , 05:26 PM

#2658

Mzbourg

banned

Join Date: Feb 2013 Posts: 6,670

Quote:

Originally Posted by mrducks

One thing I didn't get from her was how she started with saying ''Parents created a demand I can't keep up with'' and then when she was breaking down how she spent the 175k she invested she mentions 100k worth of inventory.

I don't remember exactly anymore, but I am pretty sure both Kevin and Robert talked about other products with the same purpose for just a few dollars, not as interactive/interesting as the product she's selling but an awful lot cheaper.

With that being said. I'm 24 and have no kids, so I have absolutely no idea how parents think.

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04-12-2015 , 10:48 PM

#2659

InWithTheBest

grinder

Join Date: Sep 2005 Posts: 480

I am living with this pacifier problem right now with my 2 month old daughter - its absolutely maddening how many times a day she will drop it and then start screaming. Just bought the product on amazon and will report back on how well it works.

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04-13-2015 , 04:52 AM

#2660

jwd

veteran

Join Date: Feb 2015 Posts: 2,681

The pacifier product is going to sell very well. I think it's a great idea and I think the price point was perfect.

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04-13-2015 , 08:30 AM

#2661

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,134

Quote:

Originally Posted by jwd

The pacifier product is going to sell very well. I think it's a great idea and I think the price point was perfect.

One mistake the Sharks have made for at least 3 years now is complaining about the price point for baby products. I don't know what it's like in the USA, but here Canada people spend small fortunes on baby stuff. The pricing is almost in a realm of it's own. You can almost charge anything you want it seems.

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04-13-2015 , 09:15 AM

#2662

DrewOnTilt

Carpal \'Tunnel

Join Date: Nov 2003 Posts: 7,748

^ It's precisely like that in the USA. A buddy of mine who has two kids constantly grouses that the baby/child product market is a huge racket, all the while buying tons of overpriced stuff at Babies R Us.

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04-13-2015 , 11:15 AM

#2663

LozColbert

Pooh-Bah

Join Date: Jul 2004 Posts: 3,646

i bought the pacifier thing for $20, which is only my 2nd sharktank purchase. i think Lori will make money on it.

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04-13-2015 , 11:34 AM

#2664

chezlaw

Limey Bastard

Join Date: Jan 2004 Posts: 46,912

Quote:

Originally Posted by rafiki

There concern may be that if it's successful they expect to compete with much cheaper imitations too quickly.

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04-13-2015 , 02:02 PM

#2665

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Quote:

Originally Posted by LozColbert

i bought the pacifier thing for $20, which is only my 2nd sharktank purchase. i think Lori will make money on it.

First child, right?

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04-13-2015 , 02:05 PM

#2666

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Quote:

Originally Posted by chezlaw

There concern may be that if it's successful they expect to compete with much cheaper imitations too quickly.

They are wrong in their concern. First-time parents are a renewable resource.

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04-13-2015 , 02:08 PM

#2667

chezlaw

Limey Bastard

Join Date: Jan 2004 Posts: 46,912

Quote:

Originally Posted by BrianTheMick2

They are wrong in their concern. First-time parents are a renewable resource.

Won't they still buy the same thing for half the price once it's available?

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04-13-2015 , 02:26 PM

#2668

BrookTrout

old hand

Join Date: Jul 2007 Posts: 1,808

For themselves maybe, for a baby shower gift the thing is perfect: price point works (and is more socially acceptable than giving the baby a 10 pack of no name pacifiers) and after the thing's been on TV, there"ll be some brand recognition from the recepient's parents.

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04-13-2015 , 02:34 PM

#2669

LozColbert

Pooh-Bah

Join Date: Jul 2004 Posts: 3,646

Quote:

Originally Posted by BrianTheMick2

First child, right?

Wrong.

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04-13-2015 , 07:44 PM

#2670

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Quote:

Originally Posted by LozColbert

Wrong.

Would you mind explaining to the childless then?

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04-13-2015 , 10:27 PM

#2671

DrewOnTilt

Carpal \'Tunnel

Join Date: Nov 2003 Posts: 7,748

What exactly needs explaining? Seems that Loz has more than one child and is willing to drop 20 bucks on the product.

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04-14-2015 , 03:26 AM

#2672

LozColbert

Pooh-Bah

Join Date: Jul 2004 Posts: 3,646

Yes. I'm a frugal person, but it is definitely worth having pacifiers that my kid can see and reach in the air so that we (usually my wife) don't have to go put the pacifier back in from the clip. We love our kids, and we'll only use this product for a few months. But if it gets my wife an extra few hours of sleep a week? Then best purchase ever.

Also, that segment deepened my conviction that Robert is an idiot fish. I didn't even know that was possible.

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04-14-2015 , 05:24 AM

#2673

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Most parents learn to just strew a gazillion generic binkies around by the second child.

First-time parents are suckers for nearly any product due to massive paranoia.

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04-14-2015 , 08:42 AM

#2674

...|...

banned

Join Date: Feb 2012 Posts: 3,072

and educated parents will not use them because they are a terrible thing for children.

hence the monkey and banana product, they got me on that one

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04-14-2015 , 10:10 AM

#2675

OlafTheSnowman

journeyman

Join Date: May 2014 Posts: 373

Uneducated single guy with no kids here...I've always felt like pacifiers and baby bottle nipples are massive for babies mouths...like they are sucking a giant ****...I feel like there would be a market for a latex kit that lets women mold their breast nipple and use that for pacifiers and baby bottles.

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