Did Chubby Buttons get a deal on Shark Tank Season 14? No, Chubby Buttons did not secure a deal on Shark Tank Season 14. Despite generating interest from the sharks, the entrepreneurs behind Chubby Buttons ultimately turned down the offers presented to them, feeling the terms were not favorable to their business.
Summary
- Chubby Buttons on Shark Tank: Wearable remote for smartphones pitched on Season 14.
- No Deal: Entrepreneurs turned down offers due to unfavorable terms.
- Continued Growth: Chubby Buttons has continued to thrive despite not getting a deal.
- Product Popularity: High sales and positive customer reviews.
- Future Outlook: Chubby Buttons expected to have continued success in the market.
Chubby Buttons Shark Tank Update | Shark Tank Season 14
What is Chubby Buttons?
Chubby Buttons is a wearable remote control designed for action sports enthusiasts. The device allows users to control their smartphones without removing them from their pockets or bags, making it ideal for activities like skiing, snowboarding, motorcycling, and more.
Chubby Buttons feature large, easy-to-press buttons that can be operated even with gloves on, providing a convenient and safe way to manage music, calls, and other phone functions on the go.
The Pitch on Shark Tank Season 14
| Entrepreneurs | Ryan Cherkezian and Lane Barad |
|---|---|
| Business | Chubby Buttons |
| Ask | $250,000 for 8% |
| Deal | No Deal |
| Sharks | Mark Cuban, Kevin O’Leary, Lori Greiner, Robert Herjavec, Daymond John |
| Season | 14 |
| Original Air Date | March 17, 2023 |
| Website | Chubby Buttons |
| Key Points of Pitch |
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| Why Sharks Declined |
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The Sharks’ Offers and Why Chubby Buttons Declined
Despite generating significant interest and multiple offers from the Sharks, the founders of Chubby Buttons ultimately decided to decline all deals.
The primary reason was the perceived undervaluation of their company. They felt the equity stakes offered by the Sharks did not accurately reflect the potential of their business.
Additionally, the founders expressed confidence in their ability to grow the company independently, without the need for external investment.
Chubby Buttons After Shark Tank
1. Continued Growth and Success
Despite not securing a deal on Shark Tank, Chubby Buttons has continued to experience growth and success. This is a testament to the product’s value proposition and the founders’ resilience.
The company has leveraged its appearance on the show to increase brand awareness and reach a wider audience. This increased exposure has translated into higher sales and a growing customer base.
2. Sales Figures and Revenue
Chubby Buttons has achieved impressive sales figures, surpassing $2 million in lifetime sales. In 2021, the company generated $500,000 in revenue, followed by $600,000 in 2022.
This consistent growth indicates strong demand for the product and a healthy financial trajectory for the company.
The average selling price of $79.99, combined with a relatively low manufacturing cost of around $11.57, allows for a comfortable profit margin that can be reinvested in marketing and product development.
3. Customer Reviews and Feedback
Customer reviews for Chubby Buttons are overwhelmingly positive. Many users praise the product’s ease of use, functionality, and durability.
Motorcycle riders, in particular, appreciate the ability to control their music and phone calls safely while on the road.
Some reviewers have even reported that their Chubby Buttons survived motorcycle accidents unscathed, highlighting the product’s robustness.
Positive word-of-mouth and online reviews have played a crucial role in driving sales and building brand loyalty.
4. Expansion into New Markets
While Chubby Buttons was initially targeted towards skiers and snowboarders, the company has successfully expanded into new markets.
The product has found popularity among motorcyclists, pilots, boaters, and other outdoor enthusiasts. This versatility has broadened the product’s appeal and opened up new avenues for growth.
The company is actively exploring further expansion opportunities, both domestically and internationally, to reach even more potential customers.
Product Features and Benefits
1. How Chubby Buttons Works
Chubby Buttons operates via Bluetooth, pairing effortlessly with smartphones. Its large, tactile buttons control essential functions like music playback, volume adjustment, call answering, and activating voice assistants.
The device is designed for ease of use, with a simple interface that requires minimal setup and no additional apps.
2. Advantages Over Competitors
Chubby Buttons stands out from other wearable remotes due to its unique combination of features:
- Large, glove-friendly buttons: Ideal for outdoor activities and cold weather.
- Durability: Built to withstand harsh conditions and accidental drops.
- Versatility: Can be worn on the wrist, attached to handlebars, or stuck to various surfaces.
- Long battery life: Provides extended use without frequent recharging.
- Compatibility: Works with both iOS and Android devices.
- Affordability: Offers excellent value compared to similar products.
3. Target Audience and Use Cases
While initially targeted towards action sports enthusiasts, Chubby Buttons has a broader appeal. Its intuitive design and practical functionality make it suitable for anyone who wants a convenient way to control their phone without taking it out. Some common use cases include:
- Outdoor activities: Skiing, snowboarding, motorcycling, cycling, hiking, running.
- Manual labor: Construction, mechanics, gardening.
- Everyday use: Commuting, cooking, working out.
- Accessibility: For people with limited dexterity or difficulty using touchscreens.
Marketing and Branding
1. Leveraging Shark Tank Exposure
Chubby Buttons’ appearance on Shark Tank provided invaluable exposure, even without a deal.
The brand gained significant media attention and a surge in website traffic, translating to increased sales and brand recognition.
The founders capitalized on this momentum by sharing their Shark Tank experience on social media and through press releases, further amplifying their brand message.
2. Social Media and Online Presence
The company maintains an active presence on social media platforms like Instagram and Facebook, showcasing user-generated content, product demos, and engaging with their community.
Their website features a user-friendly online store, detailed product information, and customer testimonials.
This multi-pronged online strategy has been instrumental in building a loyal following and driving sales.
3. Partnerships and Collaborations
Chubby Buttons has forged strategic partnerships with various retailers and e-commerce platforms, expanding their distribution network and reaching new customers.
They also collaborate with influencers and athletes in the action sports community, who act as brand ambassadors and showcase the product in real-life scenarios.
These collaborations not only boost brand visibility but also enhance credibility and trust among target consumers.
Future Outlook
1. Potential Challenges and Opportunities
As Chubby Buttons continues to grow, it will inevitably face challenges. These could include increased competition from similar products, evolving consumer preferences, and potential supply chain disruptions.
However, the company also has numerous opportunities to expand its market share and reach new customers.
The rise of voice-activated devices and smart home technology presents a potential challenge, but also an opportunity to integrate Chubby Buttons with these emerging technologies.
2. Product Development and Innovation
To stay ahead of the curve, Chubby Buttons is committed to continuous product development and innovation.
The company is exploring new features and functionalities to enhance the user experience, such as integrating heart rate monitoring and GPS tracking for fitness enthusiasts.
They are also investing in research and development to explore new materials and technologies that could improve the product’s durability and performance.
3. Company Goals and Vision
The long-term vision for Chubby Buttons is to become the leading wearable remote control brand worldwide.
The company aims to expand its product line to cater to various activities and lifestyles, from outdoor adventures to everyday tasks.
They strive to create a loyal community of users who value convenience, functionality, and durability in their wearable technology.
The Founders’ Story
1. Inspiration Behind Chubby Buttons
The idea for Chubby Buttons was born out of frustration. The founders, Ryan Cherkezian and Lane Barad, were avid snowboarders who struggled to control their phones while wearing gloves.
They realized there was a need for a simple, user-friendly remote that could be operated without removing gloves or taking out their phones.
This sparked their entrepreneurial journey and led to the creation of Chubby Buttons.
2. Entrepreneurial Journey
The path to success was not without its challenges. The founders faced numerous obstacles, from perfecting the product design to securing manufacturing partnerships.
However, their passion and determination kept them going. They bootstrapped the company, investing their own savings and working tirelessly to bring their vision to life.
Their perseverance paid off, as Chubby Buttons gained traction in the market and eventually caught the attention of the Shark Tank producers.
3. Lessons Learned from Shark Tank
While they didn’t secure a deal, the Shark Tank experience provided valuable lessons for the founders.
They learned the importance of valuing their company accurately and not compromising on their vision.
The experience also taught them the value of perseverance and self-belief, even in the face of rejection.
The exposure gained from the show helped them reach a wider audience and ultimately contributed to their success.
FAQs
Where can I buy Chubby Buttons?
Chubby Buttons can be purchased directly from their website or through various online retailers and sporting goods stores.
Is Chubby Buttons compatible with my phone?
Chubby Buttons is compatible with most iOS and Android devices equipped with Bluetooth.
What is the battery life of Chubby Buttons?
Chubby Buttons offer a long battery life, typically lasting for several days of regular use before needing a recharge.
Does Chubby Buttons offer a warranty?
Yes, Chubby Buttons comes with a warranty that covers defects in materials and workmanship. Details can be found on their website.
The Bottom Line
Despite not securing a deal on Shark Tank, Chubby Buttons has proven its resilience and market viability. The company has achieved significant growth, driven by strong sales, positive customer feedback, and strategic marketing efforts.
Chubby Buttons’ success story is a testament to the power of perseverance, innovation, and a commitment to providing value to customers. As the company continues to evolve and expand, it’s clear that Chubby Buttons is here to stay, solidifying its position as a leader in the wearable remote control market.
