What Happened To PullyPalz After Shark Tank?

This post may contain affiliate links and I may receive a small commission if you make a purchase using these links – at no extra cost for you. Please read my disclaimer here.

If you've ever seen the television program Shark Tank, you are aware of how quickly events may shift. For some products, that change is for the better—and for others, it's not so great.

For PullyPalz, a toy company that appeared on Shark Tank in 2016, things started off looking great. They got an investment from Lori Greiner and made a deal for $100,000 in exchange for 28% of their company.

What happened next? Let's look at what this article has to say about what's happened since then and what's next for this company in terms of their future plans for expansion into new markets!

What is Pullypalz?

When a single pacifier falls out, another pacifier is easily within reach for the child. This interaction gives the child independence, which is helpful.

What Happened To PullyPalz After Shark Tank

PullyPalz also has excellent developmental benefits, and parents are constantly talking about it, creating a demand that Julie cannot meet.

What is the benefit of PullyPalz?

PullyPalz provides developmental advantages for babies, including right brain and left brain training, which is crucial for kids since this is how development happens, when both the rational and creative sides join together to form connections. 

Because of this, parents are often questioned about whether or not their child would take something and transfer it from their right hand to their left. The infant is compelled to grasp both the left and the right since both are clearly visible.

PullyPalz pitching on Shark Tank

Julie Thompson of Atlanta, Georgia, has just joined Shark Tank and is looking for a $100,000 investment in exchange for 20% ownership of her firm, PullyPalz.

bf89305acc2e43acd4ebaa2a950ac639

The PullyPalz starts at $19.99 and goes up to around $29.99, with each one costing $4.50 to create. Trade exhibitions account for the majority of sales. 

Some of PullyPalz's developmental benefits include right brain and left brain training, which is vital for youngsters since this is how development happens when both the rational and imaginative sides work together to form connections.

This is why parents are frequently asked if their child would take an object and pass it from their right to left hand. Because both sides are visible, the infant is compelled to grasp both the left and the right.

Kevin wonders what proportion of the population is under 24 months old at any moment. There are potentially 8 million clients yearly, and everyone gets one, but the share-per-dollar basis for the investment is relatively small. 

The price is a major worry because the parent could go out and buy a pacifier with a clip worth $10. 

Robert notes that he is unable to keep his mind off the clip product, which is far less expensive. His prior product experience, along with the fact that the PullyPalz aren't flying off the shelves, has led him to make a decision and walk away from the deal.

Mark is also out of the deal because he said PullyPalz is so young and there is so much inventory. There is no room for innovation because Julie has $100,000 in inventory. 

By innovating, she would devalue the inventory sitting there, which she has to protect, so the biggest problem Mark sees is that the products are not moving fast enough, which could eventually lead to the end of PullyPalz.

Kevin then explains that PullyPalz is two types of children's toys: plush toys and pacifiers. 97% of soft toys cost less than $10, while pacifiers cost less than a dollar.

Suddenly, there comes an extremely costly product that combines the best of both worlds, and the price is what is genuinely holding it back.

 Kevin would be significantly more interested at $9.99 and believes Julie would sell four times as much. Kevin is not interested in investing and leaves the agreement since Julie cannot reduce low expenses.

Daymond has backed out of the contract.

Because he believes that the hanging capability is required to utilize the goods, Julie demonstrates that she has created miniature trees because many stores want an appropriate manner to exhibit the product, which is quite expensive.

Lori believes PullyPalz is a brilliant concept. She offers $100,000 in return for 30% ownership of the firm. She does have links to the prominent children's toy businesses Bye, Bye, Baby and Toys R Us.

Julie pauses for a bit before asking Lori if she would invest $100,000 in return for 25% of the firm. Lori counters with a $100,000 offer in return for 28%, which Julie accepts.

What happened to PullyPalz after Shark Tank?

PullyPalz appears to be doing well for itself thanks to Lori's investment.

pullypals3_1200x1200

While PullyPalz has not announced any new items, the original products featured on Shark Tank have been reduced to $24.99, and the products are currently on sale for $19.99

In addition, PullyPalz has a 4.5-star Amazon rating based on 41 customer reviews, indicating that buyers are regularly pleased with their purchase of a single PullyPalz.

PullyPalz is also qualified for Prime free delivery, a positive indicator that the company is here to stay.

Is PullyPalz still in business?

PullyPalz appears to be doing well for itself thanks to Lori's investment.

While PullyPalz has not introduced any new products, the original products featured on Shark Tank have been reduced to $24.99, and the products are currently on sale for $19.99.

PullyPalz has a 4.5-star Amazon rating based on 41 customer reviews, indicating that customers are consistently pleased with their purchase of a single PullyPalz

PullyPalz is even eligible for Prime free shipping, which is a good sign that the company is here to stay.

PullyPalz pricing: how much does it cost?

The entire amount of sales during the last 12 months is $97,000.

They are sold on Amazon and in 350 shops, mostly specialized boutiques, all around the country. Each PullyPalz costs $4.50 to create, and prices range from $19.99 to roughly $29.99.

PulleyPalz pros & cons

Are you thinking about buying PulleyPalz TOYS products? There are a lot of pros and cons to consider when making this decision.

Pros

  • Provides developmental advantages for babies, benefits include right brain and left brain training
  • They're colorful and easy to see, so you can keep track of them in the yard.
  • The toys are lightweight and easy for children to carry around by themselves.
  • The PulleyPalz comes with a storage bag that makes it easy to take them along on trips or move them from one place to another.
  • It helps improve hand-eye coordination and fine motor skills

Cons

  • It costs is pricey for these toys!
  • The pulley may be too hard for some children to manipulate by themselves

PullyPalz  History

Pacifiers are popular among parents because they soothe babies, but they frequently fall out of the baby's mouth.

pully2

Julie's babies' pacifiers kept falling out of their mouths when they were babies, and the babies would cry because they still wanted those dirty pacifiers.

The pacifier would frequently end up just behind the baby's shoulder, but that's just out of sight where the baby can't see it. To address this, Julie created the PullyPalz.

Conclusion

So there you have it! PullyPalz is now all about that rope, and the company's new line of products is sure to be a hit.

So what will happen next? Will PullyPalz climb back up the shark tank ladder? Will they able to continue their success in today's market? Only time will tell.

About the author 

Peter Keszegh

Most people write this part in the third person but I won't. You're at the right place if you want to start or grow your online business. When I'm not busy scaling up my own or other people' businesses, you'll find me trying out new things and discovering new places. Connect with me on Facebook, just let me know how I can help.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}