Yeah, Cuban didn't help himself much this episode. When you come off as worse than Kevin, then you know you've got issues!
That was a tough decision for that guy. If you want instant (but less) money, then licensing was the way to go. If you want the big bucks then the infomercial and then licensing was the way to go. Personally, I think he made the right decision.I would buy the broom with the built-in scraper.
Is there a podcast of it?He mentioned on the Mike & Mike radio show that he got screwed on a Shark deal.
*Especially* for home use, I wonder if it leaks. (Similar to push on vs twist on coax connectors. Push on is a great idea, but they NEVER work as well as proper twist on ones.) For actual fire department use, if it saves lives/property, and spills a little bit of water, that's a valid tradeoff.1.25 Mil + royalties is alot for the garden hose connect which doesn't seem all that better compared to whats out there.
Do you attend 200K + weddings? Because who else buys a custom runner???I've been to more than a few weddings in my life and I have never seen anyone use a personalized aisle runner.
I totally agree. It looked like it came with a thing of paint and you'd have to hand stencil in your design. Who wants to do that and how good is that really going to look....I don't see anyone buying those things and decorating them themselves. It's just a piece of white fabric after all. The value was in her design and decoration skill. Not the idea...
Edit: If she wanted to go cheaper, she should sell some standard designs, like monogrammed ones, that were cheaper, but did not compete with her high-end custom business. And then she wouldn't be at the $49.95 price mark.
I just saw some $10 Vera Wang sweatpants as Kohl's the other day. So she seems to know you can hit multiple markets to maximize your profits.btw. I totally agreed with the Sharks about that lady's wedding runner business. She even says herself that she's the "Vera Wang" of wedding runners.....so why would you want to dilute your brand for a $49.99 runner and make little profit when you can continue selling the $800+ ones and make $500 on each one?