Many fans have been wondering what happened to Snactiv after Shark Tank? While it has become somewhat challenging to track Snactiv, it turns out that there is some good news as well as bad news surrounding this business opportunity.
Let’s dive into this article and learn more about what happened to Snactiv after Shark Tank, including an in-depth analysis and final thoughts on whether this business idea was worth investing in from the beginning or if you should steer clear of it altogether.
What Happened to Snactiv After Shark Tank?
Snactiv After Shark Tank updates have been sparse, but the product has had fantastic success in the market so far! The Snactiv Shark Tank update 2022 has been receiving requests from people all over the world wanting to know where they can buy Snactiv after it appeared on Shark Tank, which leads us to this exciting question.
Where can you buy Snactiv? We’ll get into that in just a moment, but first, let’s look at how it works?
How Does Snactiv Work?
To understand why Snactiv failed in its market expansion, it’s essential to know how it worked. The overall idea behind Snactiv was a good one, but it also required some extra time and knowledge that many people weren’t willing to give.
As seen on Shark Tank, customers had to fill out a survey online after eating an unhealthy meal or snack and then submit a photo of their food via text message. After doing so, they would receive a response from a registered dietitian who would provide feedback about what they ate and offer tips for healthier choices.
At $4 per interaction with a dietitian, many potential customers felt it wasn’t worth paying for such advice when there are plenty of free online resources. The app was still being developed as of August 2016, which means more updates could be coming down the line.
However, until then, Snactiv has been discontinued by its parent company. This doesn’t mean that future attempts at similar services won’t be successful; it just shows that making something easy enough for consumers to use is crucial.
If you have an innovative idea like Snactiv, make sure you keep your users in mind and ask yourself whether they would pay money for your product or service before moving forward with development. In the event that they won’t, reconsider!
Why did Snactiv Fail to Live Up to Expectations After Shark Tank?
Because as every entrepreneur knows, startups are about more than sales numbers: They’re about building something great that lasts. And that requires dedication and commitment from everyone involved.
In season 3 of Shark Tank, Snactiv hit the big time with an investment from the billionaire investor Mark Cuban and two other investors for $600,000. In exchange, Snactiv would get 10% of all sales and 10% of the profits from their business.
The three shark investors were highly confident in their deal with Snactiv, but their success was short-lived after failing to make good on some of their promises to the Sharks and the American public in general.
Here’s why Snactiv failed to live up to expectations after being featured on Shark Tank.
How Did It Go After The Show?
Season 8 of Shark Tank only recently aired its final episode (the series was slated for a greatest hits season in 2017), but there’s already one big question on fans’ minds: What happened to Snactiv? The company sold 44,000 units across all of its products within two months of appearing on Shark Tank. As of now, that number has stagnated at around 70,000 units.
Recreating an Iconic Product
It’s no secret that Snactiv’s success on ABC’s hit show Shark Tank was a surprise for pretty much everyone—except Mark Cuban. As I noted in my post about how simple business ideas can win big on TV, it was clear from episode one that De Los Santos wasn’t pitching a run-of-the-mill product. He came into the tank selling something very different from usual—an iconic brand’s rights.
Inexperience in Distribution and Marketing
While it’s common for businesses that go on ABC’s hit TV show, Shark Tank, to receive a barrage of press attention and sudden surges in sales, these significant events are frequently only part of an orchestrated marketing campaign.
Many of these new companies spend tens if not hundreds of thousands of dollars on PR firms that have expertise with retail giants like Walmart, Costco, and Target.
Competition by The Infantino Products Group
The Infantino Products Group may have thought they were taking out a small business, but they faced another significant competitor. Perhaps the baby boomer parents didn’t make as much money as they anticipated.
However, those parents often know what products are best for their children. While one can argue that sharks would take a piece of any company in exchange for funding, that doesn’t mean all investors want to be taken advantage of, or they want to see their business fail.
The Vacuum of Success
If a company is acquired or experiences explosive growth, it’s easy for founders and employees to lose sight of long-term goals. That’s precisely what happened at Shark Tank, darling, Snactiv. Since going on ABC’s hit show in 2014, three of its four co-founders were fired two years later—and now one just quit altogether.
Too Much Confidence, Not Enough Discipline
Although shark Barbara Corcoran was impressed with Doug’s manufactured convenience, she passed on his deal. Her reason: She could tell he wasn’t humble enough. As a general rule, if you think your product will make you rich and famous, you might want to take a step back and reconsider what it is you’re doing.
What Is The Future Of Snactiv – Snactiv Shark Tank Update 2022?
Kevin and Edwin came up with the idea for this project through a successful Kickstarter campaign, raising around $41,700 in April 2021.
Fast forward to now; where has Snactiv gotten to since their Shark Tank appearance in 2015? Did they succeed, or are they struggling as most startups do after going on TV? What’s Snactiv Shark Tank Update 2022. In our opinion – they’re doing well.
Although there hasn’t been a Snactiv update yet since 2018, we still wanted to share with you our thoughts on what is happening with them today. A discussion of how things might play out in 2022 will also be discussed.
We don’t want to get into too much detail because we believe that it is best if you check out some other blogs that give more information about what happened to Snactiv and how they are performing currently. But let us tell you one thing: They aren’t making as much money as Mark Cuban thinks they should be making.
There is a lot of competition from companies such as Misfit Wearables and Fitbit, who have come up with their smartwatches. Even Apple released its version, which was cheaper than theirs! However, all these facts haven’t stopped people from buying it.
Their sales are increasing year by year! We can only hope that they will be able to meet the demand if they keep up with production. We predict that it won’t happen until the coming years. But we could be wrong. Stay tuned for updates!
Where To Buy Snactiv Today? (And How Much It Costs!)
Before we get into where you can purchase Snactiv today, let’s talk about how much it costs. The shark-proof pantry bin retails for $49.99 while supplies last.
Before he appeared on Shark Tank, we had a chance to catch up with him. We learned all about his business background, what inspired him to create such an excellent product, what his plans are for Snactiv moving forward (including future TV appearances), and why he decided not to accept any offers from sharks on Shark Tank night…and so much more.
Final Thoughts
Shark Tank has seen a lot of people come and go, especially in earlier seasons. Although Snactiv is one of those early companies, their fate after appearing on TV wasn’t so sad. After being featured on TV, the company went from $800,000 in sales before appearing on Shark Tank to over $4 million.
There’s a reason why real estate tycoon Barbara Corcoran invested in them! Their products are hot sellers as well. Since they appeared on Shark Tank, they have sold over 50,000 units. That’s quite an impressive feat for a new business that was just getting started before going on television.
It looks like viewers were hungry for something different, and Snactiv gave them precisely what they wanted. It will be interesting to see if other entrepreneurs can pull off similar feats in future episodes of Shark Tank. Maybe we’ll even see some of these familiar faces return at some point.