Generally speaking, exposure alone can be worth it. The television show Shark Tank provides easy evidence of that. For any not inclined to immediately click out of this post, the linked inc.com article breaks down just how beneficial an appearance on the show can be to a business that has a product to sell directly to consumers, regardless of whether the business hooks a “shark” as an investor. Bombas socks, for instance, got passed on by every investor on the show, but nonetheless saw their sales skyrocket. I even looked into buying a pair, but just can’t bring myself to spend quite that much on socks; even so, I’d have never even known of Bombas if not for the Shark Tank appearance, and the stats evince that the same applies to many other people. 1 More importantly to many other buyers. And that’s just one example of many from the inc.com article. In many of those cases, the owners of the business come out ahead by not getting an offer, since they get an increase in revenue without having to relinquish any of their business interest (at least not since Mark Cuban killed ABC’s previous policy of demanding a percentage of any company’s equity or royalties in return for just appearing on the show).
Homepage of horror author Johnny Compton.
