What Happened to Holiball after Shark Tank?
What is Holiball?
Holiball is a company that makes large inflatable Christmas ornament that is shaped like a Christmas bulb. The product, which is meant to look like a Christmas tree bulb, is resistant to harsh weather, inflates to be a sturdy yet appealing statement piece, and deflates to the size of a baseball for easy storage.
The business was started by three cousins from Houston, Texas: Amberly Hall, Kristy Moore, and Jennifer Couch. Amberly was formerly a teacher and real estate agent; Kristy was a full-time stay-at-home parent, and Jennifer was a serial entrepreneur who began in commercial real estate.
The Holiball is currently available in twenty-two different hues, including Vintage Red, Pearl White, and Marigold, as well as two different sizes, to better suit consumer tastes.
Who is the originator of Holiball?
Holiball was founded by Amberly Hall, Kristy Moore, and Jennifer Couch. They had no prior expertise in the manufacturing or design industries before embarking on this endeavor.
They did, however, have considerable business backgrounds: Amberly was an educator and real estate agent, Kristy was a stay-at-home parent, and Jennifer was a commercial real estate serial entrepreneur.
Prior to starting the firm, Amberly worked as an educator and real estate agent; Kristy was a full-time stay-at-home parent; and Jennifer was a serial entrepreneur who started in commercial real estate.
The Holiball is currently available in twenty-two hues, including Vintage Red, Pearl White, and Marigold, as well as two sizes to suit a wide range of customer tastes.
Aside from their roles at Holiball, Amberly, like Kristy, is now a full-time stay-at-home mom, and both are glad for the time and resources that allow them to devote their whole attention to their children.
Jennifer’s business mindset and entrepreneurial skills allow her to continue building and extending the organization.
Holiball came to be during a road trip. The three cousins were overjoyed at the thought of creating a Texas-sized ornament for everybody to admire.
Amberly and Kristy had no prior expertise in business, but they were able to jump right in thanks to Jennifer’s abilities and guidance.
Kristy, who boasts an unusual talent for accuracy and inventiveness, was able to speed the development process, resulting in the firm’s quick establishment.
What happened to Holiball during their pitch on Shark Tank?
Following the development of the Holiball, the three cousins took the step of showcasing their invention on the Shark Tank pitch in order to find a partner to assist them realize their goal.
Jennifer, Amberly, and Kristy appeared on Shark Tank in seeking of $150,000 in exchange for a 10% ownership in their company, which is valued at $1.5 million at the time of the pitch.
They tell the story of the firm while giving out inflate samples. Sharks and the women show off their power inflating equipment.
The entire surgery was done in 120 days. They have generated $171,000 in sales since they debuted in 2019. In 2020, they anticipated to make $650,000 in income. The balls cost $10 to make and are offered for $40 and $60. Their biggest problem is a lack of inventory.
Kevin has invested in three Christmas businesses, but he’s not going along for the ride; he’s out.
Barbara disagrees with the valuation but offers $150,000 for a 25% stake in the company. Barbara accepts Daymond’s $150,000 offer for a 20% interest in the firm.
Mark and Barbara put in $150,000 for a 25% interest in the firm.
Lori accepts Daymond’s offer of $150,000 in exchange for a 20% interest. Finally, the women joined Mark and Barbara in closing the deal.
What became of Holiball after Shark Tank?
Eventually, the deal was finalized between the two Sharks and three cousins, and Holiball has earned substantial popularity within months of its market introduction, with the capacity to beautify both indoors and outdoors.
Fortunately, many others saw the vital need for their products, and the whole quantity sold out far faster than anticipated.
They eventually introduced uncommon hues like as violet, merlot, and black, all of which are now equally popular. After landing in Atlanta, they were given the option to join the Vegas Market Best in Show Showroom.
Holiball is the best-selling Christmas décor in 200 retailers in 36 states and eight countries in 2021, with approximately $1 million in revenue.
Holiball, the term given to the inflatable Christmas décor when it is inflated, competes in the business with Annabelle’s Holiday Noggins.
Holiball’s net worth
During the Shark Tank pitch, the company was valued at $1.5 million; however, Barbara and Mark offer to reduce the company’s valuation to $600,000. Since then the company’s net worth might have been higher than that of the pitch.
Who founded Holiball?
Holiball was co-founded by Kristy, Amberly, and Jennifer.
How were the Holiball made?
The first prototypes were crafted by hand. The biggest challenge was creating an inflatable that faithfully replicates the famous glass bulbs.
Once they eventually succeed, their next challenge was to find a way to make them in mass quantities; for this, they collaborated with manufacturers in China and South Korea.
What is Holiball made of?
The balls are made from PVC plastic, which is an inert and non-toxic material.
When was Holiball invented?
Holiball was developed during a road trip in the summer of 2018; Kristy, Amberly, and Jennifer were thrilled at the thought of creating a Texas-sized ornament for everybody to admire.
How does Holiball work?
Once inflated, the balls can be laid flat or hung from a tree branch. The bulbs are perfect for use as lanterns, and they can be left alone for several weeks without damage.
How many Holiball does a person need?
Depending on the size of your holiday display and the number of guests you expect, you’ll need between two and ten (2-10) bulbs per tree.
What are Holiball materials use to make?
All of the Holiball is made out of PVC plastic, which is an inert and non-toxic material.
What’s the best way to store Holiball?
Holiball should be stored in a dry place at room temperature for up to five (5) years.
Are Holiball safe for all ages?
Holiball is designed, engineered, and manufactured to meet all applicable safety standards. They are completely harmless unless punctured or broken.
How do I make payment to Holiball?
Customer can choose to pay by check, wire transfer, PayPal, or credit card through their secured website.
How many models of Holiball are available?
Currently, Holiball has nine (9) different types of balls and bulbs to choose from. The shapes include classic silver Christmas balls and red glass balls for those seeking a more festive look for their holiday trees.
How much does it cost to ship Holiball?
Holiball will do their best to offer free shipping on all products, with the exception of some promotional items, which may be subject to a shipping fee. They also provide international shipping at no extra cost.