Bug Bite Thing Shark Tank Update | Bug Bite Thing after the Shark Tank Pitch
What is Bug Bite Thing?
The Bug Bite Thing is a suction device that collects insect saliva/venom from beneath the skin, assisting in the relief of itching, stinging, and swelling associated with bug bites and stings.
When the irritant is removed, your body ceases to produce the response that results in the unpleasant sensations.
In contrast to topical lotions and ointments, the issue is resolved, not disguised.
When Spring and Summer arrive, the mosquito population explodes. Bug Bite Thing alleviates the itching caused by insect bites.
The product is simple to operate. You will apply the product to the bite, pull until a suction sensation is felt, hold for at least 10 minutes, and then release. It will help to alleviate swelling and irritation.
Kelley Higney worked with her mother at their family company prior to founding a successful business.
She spent 15 years working for her family’s company before migrating to South Florida from Southern California.
Kelley focuses on becoming a mother and expanding her career now that Bug Bite Thing has taken off.
Kelley and her family were unprepared by the intensity of the mosquitos when they migrated to South Florida.
She watched as her children succumbed to mosquito bites on a daily basis. As a mother, she despised seeing her children in discomfort and itching.
After a period of trial and error with a range of anti-itch treatments, she concluded that nothing worked.
That’s when Kelley began conducting extensive study into how other countries combat mosquito bites and came up with the concept for Bug Bite Thing.
Who Founded Bug Bite Thing?
Ellen McAlister and Kelley Higney are the founders of Bug Bite Thing.
What happen to Bug Bite Thing at the Shark Tank Pitch?
Although Bug Bite Thing is only $9.95 on Amazon.
Ellen and Kelley enter with an offer of $150,000 for a 10% stake in their firm. This is a $1.5 million value.
They recount their narrative and discuss their private label deal.
They distribute samples and do demonstrations of the product. They’ve sold $800,000 worth thus far in 2019, with predictions of $2 million by the end of the year.
The Sharks are enamoured by the 80% margins, and a Shark battle erupts.
Rohan and Kevin form a partnership for $150,000 for 6% stake plus $1 per unit sold.
Mark and Barbara form a partnership for $200,000 for 10% stake.
But Lori swoops in with her golden ticket: $150,000 for 10% – precisely what they want.
They reach an agreement with Lori.
Bug Bite Thing after the Shark Tank Pitch
The transaction was completed, and the product is now posted on Lori’s website.
They are available at CVS, Walmart, Home Depot, and on Amazon. Regrettably, Amazon also lists a slew of counterfeit items.
The firm had an appearance in the “biggest Shark Attacks section” of The Shark Tank Greatest of All Time Special in February 2020.
The corporation receives an update in which they demonstrate “dramatic” growth despite the worldwide epidemic of Covid-19.
They discuss being at the aforementioned stores and their significant surge in sales in the update.
By September 2021, the business plans to expand into 25,000 retail locations across the United States.
They’ll be available in Lowe’s, Joann’s, and ACE Hardware locations nationally, as well as regional brands Academy Sports + Outdoors, Big 5 Sporting Goods, and Casey’s.
They anticipate revenue of $15 million for the year.
Bug Bite Thing Net Worth
Ellen and Kelley enter Sharks with an offer of $150,000 for a 10% stake in their firm. This is a $1.5 million value.
Bug Bite Thing Competitors
Bite Away and IeR NYC Bite Tamer are the items’ two primary competitors. Each offers a similar concept in terms of bug bite treatment, utilizing their own proprietary components at comparable pricing points.
Bug Bite Thing FAQS
Where is Bug Bite Thing headquartered?
It is in Port Saint Lucie, Florida
Who invested in the Shark Tank’s Bug Bite Thing?
When Higney and her mother & company President Ellen McAlister, appeared on “Shark Tank” in October 2019, all five sharks expressed interest.
But Greiner offered her Golden Ticket, which she only gives out once a year, securing a 10% equity stake in Bug Bite Thing in exchange for a $150,000 investment.
Is Bug Bite Thing still in business?
It is currently accessible in 25 nations and 25,000 stores around the United States, including Walmart and Home Depot.
Is the Bug Bite Thing legit?
At less than $10, the Bug Bite Thing is probably worth a go if they’re a mosquito magnet and even the most effective bug sprays can’t keep the bugs at away.
Additionally, the reusable tool will save their money in the long term, as they will no longer need to stock up on bottle after bottle of anti-itch lotion.
Was the Bug Bite Thing on Shark Tank?
Kelley Higney, Founder and CEO of Bug Bite Thing, and her mother, President Ellen McAlister, initially appeared on October 20, 2019 Season 11 Episode 4 of ‘Shark Tank’ to pitch the Sharks on investing in the firm.
Is the insect bite remedy effective on dogs?
Dogs and cats, like people, experience a local response that may include modest swelling, discomfort, redness, heat, and itching.
Generally, the discomfort subsides after a day or two.
Is the Bug Bite Thing available at CVS?
Bug Bite Thing is now available at CVS Pharmacy locations nationwide.
Is Bug Bite Thing effective against fire ants?
The Bug Bite Thing is clinically shown to work on a variety of bites and stings from a variety of insects, including mosquitoes, bees, wasps, fire ants, and biting flies.
Is Bug Bite Thing patented?
Kelley Higney and Ellen McAlister, a mother and daughter team, joined the Sharks in the tank in need of assistance developing inventory and marketing their product, the Bug Bite Thing.
This product is not yet patented.
How do they determine whether the Bug Bite Thing is effective?
They can feel it in action. The Bug Bite Thing does not conceal symptoms; it eliminates the source of the irritation.
While taking it, the itching, swelling, and pain will begin to subside, which is one of its finest qualities.
How does the Bug Bite Thing work?
Bug Bite Thing is a suction gadget designed to extract insect saliva/venom from insect bites and stings.
By eliminating the irritant, the body is able to halt the response that results in the unpleasant sensations of itching, swelling, and discomfort.
What is the liquid that is injected into bug bites?
When an insect bites, saliva is released, which can cause the skin surrounding the bite to become red, swollen, and irritating.
The venom from a sting frequently results in the formation of a swelling, itchy, red mark (a weal) on the skin. This can be uncomfortable, but it is usually harmless.
When was Bug Bite Thing aired on Shark Tank?
It was aired on 20, October 2019.
How many employees does Bug Bite Thing have?
Bug Bite Thing has 11 to 50 employees.
What is the net worth of Ellen McAlister?
What is the net worth of Kelley Higney?
How Bug Bite Thing does makes money?
Bug Bite Thing makes money by selling the Bug Bite Thing and its accessories.