This post will talk about the progress of GloveStix in general based off any information that I can find on it. Then we will be talking about the Cut Buddy Hair Cutting Template.
GloveStix is very highly rates on Amazon. It received 89 total reviews on Amazon and out of all of those, there has been less than ten rated less than 5 stars. It has a 4.4 out of 5 stars after the calculation is done and that is remarkable when you think about it. Having an almost perfect review rating is very difficult to achieve. There will be more reviews as the product continues to sell, as it has been a hot commodity for many athletes. As sales increase, so will reviews and then a true rating can be determined. I am an athlete and have always been looking for a way to clean and fix up my gear to make it smell nice. My parents always complained about the smell of my equipment. They told me I would have to figure out a way to get rid of the smell because they could not handle it in the car when driving home. I was never able to find a way. It is funny that now that I no longer need to find a product to control the smell, I now found one that would work. This product would have been great to have and my parents would have been very appreciative too. Another aspect of mine that my parents are not very fond of is beards and long hair. There is a new solution to this problem.
The Cut Buddy Hair Cutting Template is a way to cut your hair at the proper angles and also groom your beard to make it look professional. The template was popular back in February selling about 55,000 units from its launch date which was January 2016. The creator, Joshua Esnard, has plans for the future with his #1 best-selling product on Amazon. The future for the product is to create a 2.0 that will be put into retail stores, like CVS and Walgreens, while also finding a celebrity to be the “face” of the product. Joshua Esnard recently took this product onto Shark Tank and was able to get a deal with Daymond John. The Cut Buddy has already seen big spikes in purchases and is ready to take on the next huge spike which should happen after being on Shark Tank. This template could be as common as the comb in the near future due to the amount of people in the world who are focusing on their beards and how they look. My own brother would be willing to spend an ample amount of money on his beard because it has to look good every day.
Before the template really took off, he had to go to PulseRay, Inc., to get help with creating the design of his product. The sources that I visited did not discuss the royalty made for the deal. PulseRay Inc. must have gotten something out of the deal for making the design, but it does not seem like they did. There was no mention of them continuing with the company or becoming a partner. It is possible that the company may own a have a small equity stake in the company, but I do not know for sure. In order to secure his idea, he hired a patent attorney in order to patent his design because copying his product could be very easy due to the make of it. Nothing has been said as to the status of the patent, whether it exists or not, but duplicates are being made in China now which will potentially take away business from the Cut Buddy. I was trying to find how Joshua Esnard funded his product, but there is little to no information on the funds. I could not find whether or not he had angel investors, got a loan, or anything of that nature. The only investor that I can find is Daymond John who now has 20% of the company and that 20% was worth $300,000. That puts the company at a 1.5-million-dollar valuation.
I do not believe that I will be purchasing this item due to the fact that I am currently losing my hair at a young age. Going along with this, my mom does not allow beards to the point where I would need assistance in trimming. I do not need my angles perfect when fixing up my facial hair or my lack of hair.
- Reviews off amazon
- Info on Cut Buddy
- Info on Cut Buddy on Shark Tank