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Shark Tank has proven to be a TV show success and has been a hit in several countries around the world. In it, entrepreneurs from different fields of human endeavour seek to pitch a business idea they have to a room filled with investors, called the ‘sharks’. These sharks are made up of successful business affluents, who have created empires in multiple industries from tech to fashion. The most shared parameter upon which the sharks decide to invest or not in a business is the chances of such a business to rake in money. In recent years, there has been a trend – what one could term a ketogenic invest ment – in fishes in the shark room investing in businesses who innovate ketogenic diet, also called keto diet.
Understanding the Keto Market
It is now common to visit a restaurant or café and see ketogenic options, as the keto diet (a low-carb, high-fat diet) has surged in popularity over just a few years, partly due to its potential health benefits, such as weight loss and improved energy. This is thanks in part to a small group of entrepreneurs cashing in on a growing lifestyle trend.
The appeal, of course, is two-fold – for sharks: there is literally billions of dollars to be made in products and services related to keto … This isn’t some fad; this is a lifestyle for people.
Plus, it’s a relatively open market for entrepreneurs. Keto is an industry that hasn’t yet been discovered by go-getters – and now is the time to go-get. Sharks who get in on a keto venture now will be first in line (and ahead) as the ketolytics competitions explode with more keto products and services than ever.
Keys to Success in the Keto Industry
Besides having a good idea, however, someone hoping to build a successful keto business also needs to know their market and their potential customers. Sharks say they see value in the keto diet, and want entrepreneurs who are keto-informed and can create products keto followers will embrace. That includes ingredients, which should be high-quality and inherently keto.
Furthermore, sharks appreciate companies that know who their target audience is and how to aggressively market to them. Because of the advancement of social media and digital marketing, competing in the keto space requires savvy entrepreneurs who can position their products and services in the right place at the right time amid the giant sea of keto feeders online. By showcasing their online engagement with customers, on Instagram, Facebook and other social media channels, a marketer can make a shark feel empowered and confident that their product or service will resonate with their target market.
In addition, the sharks look for scalability. The top keto ventures are able to grow their reach, product line and market. Keto entrepreneurs who offer a scalability plan stand a better chance of walking away with a deal.
Lessons from Shark Tank
The most valuable lessons for learning to make it in the keto space can be gleaned by watching Shark Tank. For instance, anyone aspiring to launch a keto business could benefit from watching the pitches of keto entrepreneurs who have brought their business ideas to the sharks and successfully convinced them to invest. Keto entrepreneurs have pitched a range of products to the sharks on Shark Tank, from keto juices to collagen supplements, to keto-friendly condiments, to keto cakes sold in stores nationwide. These businesses have scaled up to become multi-million businesses, and their appearances on the show give viewers valuable insights into how they’ve managed to achieve success.
In short, sharks made the investment because they felt the keto ventures showed potential for growth and profitability, with their owners on board to meet that potential. By paying attention to the market, latching onto a community in need, and having a clear plan for the future, the entrepreneurs were able to get the sharks on board for a long, lucrative venture (pun not intended) in the incredibly competitive keto business environment.
Summary and FAQ
With this final reminder on keto (which, needless to say, is an emerging entrepreneurial endeavour), the sharks and aspiring entrepreneurs are excited to get a taste of the enduring charm of the keto market. Through having a good understanding of the keto community and seeking high-quality keto products while advising firms accordingly on their growth potential, entrepreneurs can persuade the sharks to invest and thrive in the keto business. Hopefully, you have now found your keto groove! We know there are still a lot of lingering questions out there, so we have created a list of 38 questions and answers that might help address your lingering inquiries.
Q: What are some key factors that sharks consider when evaluating keto ventures?
A: Sharks look for entrepreneurs who are market experts, have the best product, are values-based in their marketing, and have a business model that they can scale.
Q: How can entrepreneurs stand out in the competitive keto market?
A: You should stand out as an entrepreneur because you have a unique product or service, you tend to be innovative, your company does a good job of keeping its brand alive online (a website and Twitter/Facebook accounts are a must) and because you interact with customers and other small business owners on forums, talkbacks and social networking sites. People should see your business as a viable business model – what is your business plan moving forward?
Q: What should would-be ketopreneurs take away from Shark Tank?
A: Aspiring entrepreneurs can put market observations about how to make money in the keto arena to the test. Keto entrepreneurs often pitch great ideas on Shark Tank, which gives entrepreneurs insights into how to build a keto business, scale it, and get investments.
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The Debra returns with a progress update and fills in for Kami, who’s out with the flu. She started at 168, now at 154, aiming for 150. It took almost two months before the scale even moved, but she stuck with it. Hear Debra’s thoughtful tips if you’re thinking about using a GLP-1 to lose weight, and why you should be careful who you tell. Eva + Kami are two old-ish moms kids confronting our reasons for being obese while losing weight on semaglutide and tirzepatide, and roasting our past selves. Sarcasm is our happy place. Follow us on Instagram @lessofyoupodcast. After a friend (who is a plastic surgeon) talked Eva into starting semaglutide in February of 2023, she lost 70 pounds in 14 months, alternating between long stretches of being stalled at the same weight and consistent but slow weight loss. With the dream of being considered just overweight and not obese by the BMI calculator, Eva switched to tirzepatide after 14 months to try and reach a goal that still seems just out of reach. A prolific eater of her feelings, Kami was tired of being uncomfortable and when she heard through a mutual friend how semaglutide had changed Eva’s life, she found a trusted medical weight loss provider and took the first step. As Kami starts her life on semaglutide, Eva adjusts to a world with less food noise and figures out how to let go of the crippling negative self-talk. On each episode, we connect on how our lives are changing in real time as semaglutide and tirzepatide help us be smaller people, and try to answer the bigger question for ourselves: When there’s less of you, what is left? Are you confronting the same challenges? We’d love to hear your story on the Skinny Shot Stories podcast. Get the details at skinnyshotstories.com or send an email to [email protected]. Follow us on Instagram https://www.instagram.com/lessofyoupodcast/ To learn more about sponsoring this or for details on advertising opportunities on our cosmetic surgery and weight loss podcasts, get our media kit here: https://www.theaxis.io/ads Host: Eva Sheie & Kami Gamlem Assistant Producers: Mary Ellen Clarkson & Hannah Burkhart Engineering: Aron Devereaux and Spencer Clarkson Theme music: Old Grump, Smartface Less of You is a production of The Axis https://www.theaxis.io/ Contents of this video: 0:00 Debra's Weight Loss Update 1:56 Maintaining Weight Loss Progress 3:14 Incorporating Strength Training 4:04 Eva's Weight Loss Journey 6:39 Weight Loss and Food Addiction 8:36 Keto Diet for Weight Management 11:46 Importance of Meal Timing 12:23 Sleep and Weight Loss Relationship 13:01 Mattress Issues and Weight Loss 13:37 Tips for Sharing Weight Loss Journey 16:39 Addressing Potential Criticism 17:15 Strategies for Eating Out at Restaurants
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