Are you tired of not sticking to your goals? Pavlok can help you break your bad habits for good. This wearable device uses a mild electric shock to help you break out of your routine and build healthier habits.
With Pavlok, you can finally take control of your life and reach your goals. Let’s dive into the updates since their appearance on Shark Tank.
Humans are used to habits that can be positive or negative. Learning from the classical conditioning theories of Ivan Pavlov the concept of aversion therapy was introduced. Especially such theories help individuals to overcome their bad habits through aversion methods.
Pavlok wristbands are here to offer that little snap to draw you back from autopilot mode into awareness mode when you are on a redundant task or activity that you want to stop going ahead.
Pavlok at a glance:
| PITCH | Reduce Cravings, and break bad habits. |
| ENTREPRENEUR | Maneesh Sethi |
| ASKED FOR | $500,000 for 3.14% |
| DEAL | No Deal |
| SHARK | No Shark |
| STATUS | In Business |
| Buy on Amazon | Buy Now! |
Index:
What is Pavlok?
Pavlok is a company that produces wearable devices designed to help people change their habits through behavioral conditioning. Pavlok appeared on Shark Tank in 2016 and received a $1 million investment from Kevin O’Leary, also known as “Mr. Wonderful”.
Founder Story:
Maneesh Sethi exactly took this concept as he would get distracted often with other tasks like watching social media etc. He even employed a person to slap him if he opened it, which helped Maneesh to stay on the course of his main activity. Such negative reinforcements improved his productivity and led to the birth of Pavlok.
Maneesh invented Pavlok, a shock clock that is a wearable wristband that you can use to break bad habits. The method is shocking too… Literally. This wristband sends an electric snap to help stay on the right course whenever there is a distraction to form good habits that you want to continue and avoid others.
How was the Pavlok Shark Tank Pitch?
Maneesh Sethi pitches for $500,000 at a 3.4 % stake in the business. He demonstrates the product which allows people to reduce their bad habits with stimuli options like vibrate, music, and the electric snap, which allows users to become mindful from autopilot mode to awareness mode.
Kevin proposes a $500,00 debt for a 3.14% stake which can be repaid back within 24 months at a 7.5% interest rate. Maneesh rejects this offer and expects other sharks to show interest except for Kevin.
This “except” message turns into an ugly spat leading to Kevin and the other sharks declining the offer. Maneesh had to walk off without a deal in the shark tank after this shocking incident.
What happened to Pavlok after the Shark Tank?
Maneesh’s shark tank episode did not end as expected but taught him life lessons that were more important for his business life. The deal did not happen but the exposure to this event was more significant.
Post this episode Pavlok has grown by leaps and bounds with multiple users reaching 10,000 users. Surprisingly Daymond of the key sharks is still a big fan of Pavlok and continues to use it but still has not been an investor.
Pavlok has been able to seek crowdfunding in the past 3 funding rounds for $200,000 USD. Mass Challenge and IncWell are the Investors who have funded the Pavlok business. In 2015, Pavlok also made it into the best seller product in the Gadgets and Electronics Category.
Before: Pavlok did have pre-orders to the tune of $800,000 before the Shark tank episode. After: Post the shark episode without the deal, Pavlok is growing well in the last few years and doing great business with revenues of approx. 4 million currently.
Pavlok has begun its journey with Shock Clock as its first product version, a wearable watch with a silicone strap and lithium battery.
Post shock clock, the next version of Pavlok 2 was introduced into the market. With the same size and weight as of the original version, to retain the original design and enhance it with the latest circuit board inside and additional features in it.
The company has also developed a coaching program to help users make lasting changes. Overall, Pavlok has received mixed reviews and criticisms, but it remains a popular and innovative tool for those looking to break bad habits.
Competitors:
Other competitors in the fray are related to similar concepts.
- Roar for Good – Panic Button for Hospitality/Hotel workers.
- myMotiv – Motiv Rings as a wearable device to get 360 views of one’s health.
- Modjoul – Wearable device to keep employees safe.
- Behavioural Tech – (On Dialectical Behavior Therapy – Learning sessions)
Is Pavlok profitable?
Pavlok is a profitable business venture due to the concept of helping individuals to overcome their bad habits. Pavlok website is a great place for users to get to know about the products, new versions, features, and FAQs to assist users with the product. Refer below
Pavlok has newly added accessories also to lure the customer’s like-colored wristbands, and versatile cables to connect with other devices to enhance the product experience.
Is Pavlok still in business?
Since appearing on Shark Tank, Pavlok has continued to develop and refine its products. In addition to the original Pavlok wristband, the company now offers Pavlok 2, a smaller and more advanced device, as well as a mobile app to support habit change.
Pavlok has also expanded its offerings to include coaching services and an online community to help users stay accountable and motivated.
Overall, it seems that Pavlok has been successful in growing and expanding its business since its appearance on Shark Tank.
Interesting facts:
- The journey began with Shock Clock, Pavlok 2, and now Pavlok3.
- Battery life of 6-10 days.
- Alarm functions can be done and switched off easily.
- Pavlok is water-resistant and Pavlok 3 is safe when it’s fully wet too.
- Electric snap intensities can be changed from low to high ranges to feel on the skin. It works on paired principles of haptic feedback such as beep, vibration, and electric biofeedback like snap/zap sensation to train your brain to be aware a snap is coming.
- Pavlok product emphasizes the unique concept of Habit Loop and how it influences our habits.
Future Prospects:
Pavlok has introduced a “Pavlok Challenge” which allows users to join a membership program (monthly) and connect with other members on similar habits. Members who have self-improved are rewarded as part of this program. Refer to this Video:
Few habits already users are exploring are – Quit Smoking, less time on social media, Gym or meditating daily, as options to break bad habits.
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What is Pavlok?
Pavlok wristbands are here to offer that little snap to draw you back from autopilot mode into awareness mode when you are on a redundant task or activity that you want to stop going ahead.
Who founded Pavlok?
Maneesh Sethi exactly took this concept as he would get distracted often with other tasks like watching social media etc. He even employed a person to slap him if he opened it, which helped Maneesh to stay on the course of his main activity. Such negative reinforcements improved his productivity and led to the birth of Pavlok.