Wednesday, December 5, 2018

Shark Tank v. Marcus Lemonis (Luke Meyer)

I think the Sharks on Shark Tank will be a larger benefit to my business product  The Outsider. Although Marcus Lemonis physically goes to companies to improve their revenue, my product The Outsider does not have a store. Mark Cuban, one of the deadliest sharks on Shark Tank tank can give me a large amount of money in which I can use to promote advertisement through television, social media, and billboards. Marcus Lemonis gives companies money and becomes very involved in the business with the goal of helping it grow. Through helping the business grow with new and developing ideas, Lemonis receives profit over time, whereas Mark Cuban is a source of immediate profit for a business because he gives them money right up front. Cuban makes his choice if he wants to invest in a company or has nothing to do with it in less than an hour, but Lemonis observes a company from the inside over time. Mark Cuban is the best investor because he is king of closing the deal. About 31% of contestants who succeeded on TV made a solo or group deal with him. Cuban's also the best shark for going through with on-air deals, and on top of that, his terms rarely change. My product revenue will increase through advertisement with funding from Mark Cuban to make it possible.

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