Born and brought up in Dothan, Alabama Travis Perry closed in with a spin-off which was motivated by his daughter. Also Travis Perry declared that he designed a product which will allow you to play the guitar on the instant.
As stated by Travis Perry, the prime logical thought why the masses quit on trying to learn playing a guitar is due to annoyance and agony in their fingers.
Travis Perry had an eight year old daughter who abandoned playing the guitar which is the very reason when the thought came to his mind to help him overcome the regular guitar difficulties.
And on top of that Travis Perry mentioned that the locality in which he stays was adversely affected by the economic hit, and that being the chief reason to go ahead in designing and the works in the United States of America (U.S.A). Travis Perry said that it has a great significance to deliver to the community he belonged to.
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This reason helps in understanding why it was so important for him to give job to people and give them a golden opportunity to come up with a remarkable product which can be used by tons of guitar geeks.
Travis Perry says that he is in dire need of funding from the big shots, which is due to the reason he has been able to make the product designed familiar to the market, but he was all of a sudden out of funds. “Travis Perry makes his way self-reliantly towards the big shots and stand facing the big shots”.
Travis Perry begins with his demonstration with an introduction of himself to the big guns in the hood and affirms that the product is termed as Chord Buddy.
Travis Perry goes on with his demonstration by announcing that he is in the lookout for a speculation of $125,000 in turn for about 10% shareholding in his organization. And this entire incident is termed as the chord buddy shark tank.
According to the chord buddy update Travis Perry plights that his love for music and playing a guitar that he has helped hundreds and thousands of people with how to play guitar.
He confirms that it makes him feel depressed to witness the massive chunk of masses abandoning their dream to play guitar, basically due to it is a tough to learn it.
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As claimed by Travis Perry, the guitar is the most famed musical instrument around the globe but on the other hand it is very irritating as well. It is claimed by Travis Perry that each and every individual has a desire to learn how to play guitar for a very common reason, as chicks dig the guitar players. “It is when the big shots started laughing out crazy”
“Travis Perry then asked the big Sharks how wonderful it would be would be if there was a gadget with which by just pushing a button and play the guitar at the very instant.
Travis Perry then answered his own question by stating that the instant of being irritated for that reason has come to an end, as he has designed something that will be a blessing to help in playing guitar.
“Travis Perry babbled out with a guitar along an extension which is known as Chord Buddy”. Travis Perry affirmed that the accessory has 4 different buttons with different colors which helps n playing D, C, and G & E minor.
These 4 chords can help you to go on with never-ending songs that you would like to play. He shows to the audience and big sharks Chord Buddy and begins with a few songs.
Kevin O’Leary steps forward and asks Travis Perry what could be the reason for anyone to learn something, just if Chord buddy could be used to cheat and get the way around how to play a guitar.
He said that the Chord Buddy is something that can be seen as cheating, nevertheless, removing the parts which you have learned already. He goes ahead stating rather than playing a button you just need begin with the chord, which will show you how a guitar could be really played.
Chord Buddy is a sophisticated tool that allows the people to get used to playing a guitar. Travis Perry acclaimed that he has attained a 2 month patent permission for a DVD and learning mechanism that is smart enough allowing anyone to get a step closer using Chord Buddy for getting rid of all the tabs on Chord Buddy and eventually helpings someone learning how to play a guitar.
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Later to which Mark Cuban asked Travis Perry moving a step towards knowing how much it actually costs to go ahead with a Chord Buddy. He reverted by claiming that it costs around $48.
Travis Perry claimed that earlier in costs somewhere around $10 to manufacture a Chord buddy but the costs has seen a downfall of $2 and it costs about $7. Robert Herjavec then came up with his question that if he could be taught to play a guitar at present.
Travis Perry reverts with the question by asking Robert Herjavec to come up on the stage, claiming that for him it is possible to teach how to play the guitar right away. Then what happens next might interest you even more Robert Herjavec makes his way and sits next to Travis Perry and picks up the guitar.
It is when Travis Perry starts singing a song and guides Robert Hervajec with which buttons should be pressed. Robert Hervajec acclaims that they are rocking with it and really enjoying it pretty well.
And no doubt the big Sharks were moved by the Chord Buddy. It was acclaimed by Travis Perry that 2 months is what is needed to master playing the guitar, making use of Chord Buddy: nevertheless, the learning procedure will be not that irritating.
Daymond John confronts Travis Perry if had been able to sell off Chord Buddy so far. The designer of the Chord Buddy Travis Perry gets back to the question quickly claiming that in just 30 days he had sold hundred & fifty thousand dollar valued Chord Buddies.
Barbara Corcoran asked how did he managed to pull this. Travis Perry replies the question by stating that with the help of internet he has structured about 8 music outlets in Los Angeles which stands with respect to Alabama.
This turned out to be a joke as all the big shots started laughing at Travis Perry’s joke. Then Robert Herjavec started questioning Travis Perry “What was the reason because of which he invented Chord Buddy?
Travis Perry said that he came across this thought when he was busy helping his eight-year-old daughter how a guitar could be played and as she was getting irritated with it for common reasons and wanted to abandon learning the guitar.
Travis Perry then goes on by declaring that he had the concept of a mystical device which comes with magical buttons that will help anyone and almost everyone would learn how to play the guitar as his daughter began questioning him to come up with something with which she would be able to play the guitar with much ease.
In the chord buddy shark tank update it was mentioned that Kevin O’Leary says that Travis Perry has a thought that the product he has invented has a total valuation of a million dollars as he is asking for an investment of one hundred & twenty four thousand dollars in turn for a 10% stake in his organization.
At the very same time Kevin O’Leary questioned him how much sales he has been able to get around with from the moment he started. Travis Perry says that since the day he had started he had been able to pull off around $500,000 dollars in sales of Chord Buddies and more orders filling in where customers are demanding the product.
Travis Perry was questioned by Kevin O’Leary how many units of Chord Buddies he has sold around the year. To which Perry said that he is in collaboration with a retailer in the nation giving him the order of 50 Chord Buddies for every store and the retailer has a chain of five thousand stores in all of America.
Travis Perry was questioned by Daymond John who is the retailer to which Travis replied the retailer is known as Sounds. The big Sharks were swayed with Travis Perry’s revert.
Travis Perry was questioned by Herjavec what makes him to ask for an investment of hundred and twenty five thousand dollars today itself? Travis Perry said that he is planning to set up a manufacturing unit in Alabama very soon where all the production would be done as he also said that the Chord Buddies is a product that is for sure made in USA product.
In the end Kevin O’Leary questioned why isn’t the production carried on in China reason being the cheap labor that is available in the country. Travis Perry acclaimed that he believes that it will be somewhere which would result to the downfall of the county as he wishes that the products are manufactured in the United States of America.
The chord buddy net worth is around $50 million which is just a rough figure according to the sources, however, it can be more than that but not less