Lip Balm
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In the world of skincare and cosmetics, lip balms hold a special place as an essential product for maintaining lip health and beauty. Among the myriad of options available, Kobees Co Shark Tank Lip Balm stands out, not just for its quality but also for its unique journey through the popular television show, Shark Tank.
Kobee’s Co. was founded with a mission to create a lip balm that is not only effective but also environmentally friendly and sustainable. The founder, driven by a passion for natural skincare, sought to develop a product that would cater to the needs of individuals looking for a healthier alternative to conventional lip balms. The brand emphasizes the use of natural ingredients, ensuring that each product is free from harmful chemicals and additives.
Kobee’s Co. gained significant attention after its appearance on Shark Tank, a platform known for propelling small businesses into the limelight. The founder presented the lip balm to the panel of investors, highlighting its unique selling points, such as its all-natural ingredients, eco-friendly packaging, and the brand’s commitment to sustainability. The pitch was well-received, with the sharks appreciating the product’s potential in the growing market of natural skincare.
Season and Episode |
Season 16, Episode 3 |
Air Date |
November 1, 2024 |
Entrepreneurs |
Kobe Harris |
Product |
Handmade, sustainable personal care brand focusing on eco-friendly lip care products. The lip balms are made with natural ingredients like beeswax, coconut oil, sunflower seed oil, and mango butter, and they use recyclable, eco-conscious packaging. |
Investment Sought |
$300,000 |
Equity Offered |
6% |
Initial Sales |
$30,000 in the first year, $200,000 in the second, $864,000 in the third year, and $1.5 million in the fourth on track to finish between $3.5 – $4 million. |
Retail Plans |
Growth has come from smart advertising, bringing in $2.50 to $3 for every dollar spent. Each lip balm costs $0.26 to make and sells for $5, giving Kobe an impressive margin of about 98%. |
Shark Reactions |
Kevin O’Leary offered $300,000 for 15% equity, while Mark Cuban, Kendra Scott, Daymond John, and Lori Greiner did not make offers. |
Bidding War |
No bidding war. |
Final Deal |
No deal. |
*After the filming of a Shark Tank episode, investments are subject to thorough audits and evaluations. During this time period, the terms of the investment can be altered or canceled by either party. As a result, the deals presented on the show may not always come to fruition for various reasons. This site does not guarantee the accuracy of any final investment figures.
1. Natural Ingredients: Kobee’s Co. Lip Balm is crafted using a blend of natural ingredients like beeswax, shea butter, and essential oils. These components are known for their moisturizing and healing properties, making the lip balm effective in treating dry and chapped lips.
2. Eco-Friendly Packaging: In line with its commitment to sustainability, Kobee’s Co. uses eco-friendly packaging materials. The lip balm tubes are made from recyclable materials, reducing the environmental impact and appealing to eco-conscious consumers.
3. Variety of Flavors: The brand offers a range of flavors, each derived from natural sources. Whether you prefer a fruity burst or a subtle minty freshness, Kobee’s Co. has something to suit every preference.
4. Cruelty-Free: Kobee’s Co. is dedicated to ethical practices, ensuring that none of its products are tested on animals. This cruelty-free approach resonates with consumers who prioritize ethical consumption.
Since its appearance on Shark Tank, Kobee’s Co. Lip Balm has seen a surge in popularity. Consumers have praised the product for its effectiveness and the brand’s dedication to sustainability. The positive reception is reflected in the growing sales and the increasing number of loyal customers who swear by the lip balm’s benefits.
Kobee’s Co. Lip Balm is more than just a skincare product; it represents a movement towards natural, sustainable, and ethical beauty solutions. Its journey from a small startup to a recognized brand on Shark Tank is a testament to the growing demand for products that are both effective and environmentally responsible. Whether you are a skincare enthusiast or someone looking to make more conscious beauty choices, Kobee’s Co. Lip Balm is a product worth trying.
