Nate Holzapfel Is A Force To Be Reckoned With. The Guy Was Destined To Be A Salesman.
When it came to belts, Nate saw there was a market. For decades, belts have been produced in the same manner. Despite the fact that there are evident faults with belts, no one has ever considered improving the design or the way they operate.
To begin with, many people’s weight fluctuates from time to time. It’s not uncommon to lose 10 pounds here and gain 10 pounds there. So, for example, when you want to purchase a belt, you may locate one that fits you precisely at the second notch. The trouble is, it only works on that particular day. It may be a different tale next week, and it could be completely different in three months.
Second, the holes are normally an inch or two apart. This implies that anybody whose optimum size is in the middle of two of the belt holes is out of luck. Either that, or they’ll have to dig a new hole themselves, which won’t be pretty.
The Mission Belt is Nate’s creation. It’s a belt without any holes. He was able to construct a belt that clicks into place rather than depending on standard belt holes thanks to his unique design. This implies that no matter what, you’ll only need one belt. It has a much tighter fit than any other belt on the market.
So, what exactly is the mission? The Mission element of the Mission Belt, on the other hand, is a charitable activity that Nate has wanted to pursue since the product’s inception. A dollar is given for every belt sold to individuals throughout the globe who are suffering from hunger and poverty. It’s also not your typical contribution; they are known as micro-donations. Many charitable groups make large donations to governments. Unfortunately, money is occasionally squandered or tainted by corruption. Micro-donations range from $25 to $500 and are directed to an individual or a group of persons who are in need. Getting rid of that extra layer of bureaucracy has shown to be really successful.
Shark Tank’s Mission Belt
Season 4 Episode 23 Of Shark Tank
Nate enters the Tank with his chest puffed out and a cocky demeanour. He is unconcerned about the Sharks or the attention. You can see he was made for this and that he is relishing the chance. This strikes a chord with the Sharks straight away. When they encounter a salesperson of Nate’s quality, these rich investors know they’re dealing with the genuine thing.
Nate says that everyone wears a belt and that no one has ever considered changing the design of the belt for a long time. Nate talks with his hands and exudes a lot of enthusiasm, which are good qualities for a salesperson. With a dash of salesmanship, Nate undoes his belt to demonstrate how simple his idea is, to which Mark Cuban jokingly advises, “careful.”
Because of the release mechanism incorporated within the belt, which he demonstrates to the Sharks, the belt may be readily removed. He then demonstrates to them how to use the ratchet mechanism to hold the belt in place, making sure they can hear the clicks as he adjusts the belt. “It’s like a gigantic zip tie for your jeans,” he says.
Nate reveals that he is a husky guy who finds it a “full-time work” to maintain his slacks around his waist, which the Sharks find amusing. Nate also recognises the importance of humour in closing deals. He concludes his presentation by informing the Sharks that he feels he can make this product gigantic with their aid.
Nate gives the Sharks various merchandise to inspect. The quality of the belts impresses them all, and Nate adds that, despite their great quality, they are still reasonably priced. There are no other items like it on the market.
In answer to a query from one of the Sharks, Nate reveals that the reason he’s in front of them is to obtain some help getting his product into retail outlets. He’s a great salesperson, but he lacks the contacts he needs to get his goods into every store.
Throughout the conversation, more are divulged, including the fact that Nate has made $39k in sales in the previous three months. It’s particularly astounding when you consider that he mostly sells to small companies. He also informs the sharks that the belts cost just $6 a piece to make and that he sells them for $35.
Nate can enlist the help of a few Sharks at this point in the show. People may not grasp what makes his product so special, thus they may not consider it, according to one concern. He reveals that he visits each merchant with whom he does business and provides them with an overview of the product and what makes it unique. He is all about interacting with his consumers and creating an impact, as the Sharks can see. Nate recounts that one of the first things he did when he arrived in LA was to sell belts to strangers. He immediately sold 20 belts after arriving. This gets one of the nicest responses conceivable, particularly from Mark and Daymond.
Kevin and Barbara both say they like the product, but they have reservations about how it is distributed. They believe it is critical to promote the product in such a manner that consumers understand it is more than simply a belt, but they are unsure how to do it. As a result, each of them withdraws.
As the Sharks’ numbers dwindle, it’s down to Nate and Daymond. Daymond provides Nate with the $50k he’s looking for, but instead of 20 per cent ownership, he wants 40 per cent. Nate responds by suggesting that Daymond explore a 30 per cent agreement instead. Finally, they settle on $50k in exchange for 37.5 per cent of the company’s shares. Nate and Daymond are both ecstatic to be working together.
After Shark Tank, There’s Life
Looking at the website, it’s clear that the product has grown extremely popular, and the company has even extended beyond belts.
Since his involvement in the programme, Nate has had a lot of success with both his Mission Belt company and his brand. The guy has a large following these days, and he gives speeches all over the place. Since his appearance in front of the sharks, he has been on television multiple times, including an interview with Larry King.
Disclaimer: The material in this article is offered only for educational purposes; Royal Pitch is not linked with Mission Belt, Shark Tank, or any of its subsidiaries.
Visit the rest of the site for more articles.