Shark Tank Presentation

Teacher’s name
Student’s name
Class
Date
Shark Tank Presentation
https://www.youtube.com/watch?v=KKodTequotY&list=PLzqHSoYR025i5cOI1h5z20xslaswvgrmc&index=4The following is a list of things that the presenter did well:
Clear and concise verbal communication – He is audible and able to elaborate all the details of the products in a short span of time.
Interesting presentation – the presenter opens the talk with a relevant example of the problem that his product would need. He also gave a complete production and marketing history of the product (Walker 3). 3He gives each of the presenters a pair of sneakers to give them a feel of his proposed product.
Great bargaining skills – He is above to demonstrate the vitality of the product and the possibility to grow. He does not give up after the two sharks fail to make an offer. Despite everything looking gloomy, he still holds strong and refuses to take the first offer on the table. This way, he is able to make a better deal.
The presenter makes a deal of 200000 dollars for 35% equity. This is the second offer after one of the sharks proposed the same figure for 50% equity. The presenter’s initial offer was 25% equity for 200000. The product fails to hit this mark because the sharks are not familiar with this product. The presenter established the idea and tested it in Japan and has not sold in the US market. The presenter is therefore unable to convince the sharks that he can replicate the same success witnessed in Japan to the American market.

However, with the help of members of the panel, he can convince the sharks that the product will be viable in the longer term. His personal history also contributes to the deal because it demonstrates his confidence in the business idea.
Yes. The presenter had a lot of confidence in their product. His tone is indicative of the confidence he has. He knows every fact about the product and therefore answers the questions promptly. As part of the illustration, he is wearing the same product that he is marketing. Giving the members of the panel each a gift of the product indicates that he is confident that they are going to love the product. However, at the end, he falters slightly. When one of the sharks complains about the discomfort of the product, he does not defend it but asks her to wear padded shoes. This is wrong especially since he is the one who has given the person the shoe and therefore it means he has not thought about this challenge. In this case, the product would not solve the challenges of the consumers. Instead, maybe the maker should attempt to come up with a solution for the problem.
The product definitely has a long lifespan and is likely to be successful in the future. It is true that teenagers have way more sneakers than they need. The need to make a fashion statement and to have differently fitting shoes for various activities is the main causes of this trend. The shoelaces significantly alter the appearance of the shoe. This will be a way for people to wear the sneakers on different occasions and with different clothes. These laces save the consumers money that would have gone to new sneakers and save in the space. As long as people wear sneakers, there will be a demand for the laces. It is therefore certain that the product will continue flourishing.

Works Cited
Walker, T. J. How To Give A Pretty Good Presentation. Hoboken, N.J.: Wiley, 2013. Print.