Week F assignment

Shark Tank is a well-known entrepreneur television platform where people can pitch potential business ideas to successful business owners called “the sharks”. In episode 14 season 5, I heard a few interesting ideas, however, what resonated with me the most was the Marker Parker.
At first, I was confused at Little Bee and Big Bee’s entrance, I wasn’t sure where they were going with their product. They purposely made a mess which clearly also confused the Sharks. This turned out to be a clever move as they got to showcase the purpose of their product.
As a babysitter myself I can understand the need for this product. I babysit a 3-year-old and an 8-year-old and it’s my constant duty to keep them occupied, hence they would spend hours drawing and coloring which would include the use of markers. Almost every time the markers are used, I must spend time looking for the caps or the marker. We would often have to get new ones due to this because they would dry out or I would have to clean marker stains from the carpet. Today this would also be useful for whiteboards since they are also dry-erase markers that are used in professional settings.
This product can be used at home, schools, and eventually offices with whiteboards. This can teach children responsibility while making it fun to tidy up. I think it would also be beneficial if this is introduced to whiteboards to help teachers and working persons who are presenting an idea, to quickly use the markers, especially if it requires them to switch colors. Sometimes teachers and other adults who use whiteboards forget to cover the marker too. So, this is an easy time-saving product and helps to reduce waste when we forget to cover the marker.
I think that this product can be successful if the price was a bit lower. Markers are cheap and people who are buying them do not expect to spend much more than they already are. Some may look at the price and reason that they can get 2 or 3 packs of markers for the price. I also think that they should cater more marker caps because some packets of markers come with a wider variety of colors than others. Colorful marker caps can also attract kids more to the product rather than one color of yellow. In addition, they should make the caps able to stick on the wall so that the Marker Parker itself doesn’t get misplaced.
This product can be marketed easily by sponsoring a few schools with free Marker Parkers. This way the children can tell their parents who can buy for their use at home. Teachers can eventually buy their whiteboards and so on.
Overall, I think that it is a very innovative product, especially coming from a six-year-old, Marlo. Eventually, with a few tweaks, this product can be sold in many big stores in my view.