Balm Chicky Balm Balm Net Worth 2022 – What Happened After Shark Tank?
The two women behind Balm Chicky balm balm, Liz Moscow and Abby Schwab, pitched their business to the sharks in exchange for $75,000 and 20% ownership.
Everybody uses lip balm when the weather gets cold or hot, right? People you know and don’t know are often asking to borrow your lip balm and smear it all over their lips.
Thankfully, Liz and Abby have developed Balm Chicky, a lip balm company with a unique packaging design reminiscent of the 1970s. In other words, it’s a tube with two ends so that pals can exchange hygiene items without risk of cross-contamination.
What do you think of the idea?
What Is Balm Chicky Balm Balm?
Nine years after the first meeting in their hometown of Portland, Oregon, these two self-proclaimed rebels with a cause launched their company.
Organic extra virgin olive oil, organic palm oil, hemp seed oil, rosemary extract, and many other all-natural lip-loving components went into making the lip balms they developed together.
Their lip balm sticks are designed to be used in two ways. Thanks to the flip-top lid, you can apply lip balm with a clean finger from the friend’s end without touching the personal end. The two buddies refer to this mechanism for distributing Balm Chicky Balm Balm as “the friend end.”
You can’t help but be transported to the 1970s thanks to Liz and Abby’s great attitude and atmosphere. These ladies know exactly what they want their brand to be. However, have they succeeded in catching a shark, though?
Balm Chicky Balm Balm Net Worth and Overview
Balm Chicky Balm Balm
Liz Moscoe and Abby Schwab
Shark Tank appearance: Did it go through?
In their introduction, Liz and Abby state that they want to raise $75,000 for a 20% stake. As the sharks hear the girls mention the phrase “friend end,” they begin promoting it.
They claim that their product may be used in a group setting and also serves as a talking point. More than 50 shops carry them.
Mark praises the company for their thoughtful packing. Over $17,000 in the product had been sold at the time of the event, but the company was still feeling out of the market.
While Mark sees it more as a product than a business, Lori thinks its prices are too high compared to conventional lip balm. Lori decides to fold after realizing that she dislikes the friend end. On the other hand, Robert is out because he won’t allow his children to purchase anything with an adult theme.
Kevin declares that the lip balm industry is a waste of time and decides to leave it behind. And Mark and Barbara as well.
It’s too bad the ladies couldn’t walk away with a new business partner, but at least they had the chance!
Where is Balm Chicky Balm Balm company today?
A lack of Shark investment appears to be hurting Balm Chicky, as the product on Amazon has only had a few reviews and has an unimpressive three ratings on average.
The “Currently Unavailable” phrase on Amazon is the most significant clue, suggesting that the online storefront for Balm Chicky may have failed.
Although Balm Chicky still maintains its website, the company’s price strategy, which offers a single balm for $5 or a pack of three for $18, could be more conducive to encouraging customers to purchase. This isn’t very clear to consumers!
Maybe the duo lost confidence after their appearance on the Tank and went their separate ways.