25 of the Most Successful Products from Shark Tank
Some of the most successful Shark Tank products are reasonably priced. Many are under $20, making it simple to add these small gems to your shopping basket. Take a peek at some of the show’s best-selling products.
25 of the Most Successful Products from Shark Tank
Shark Tank has built a career out of launching enterprises since its debut in 2009. Entrepreneurs can pitch their product ideas to a panel of investors on the show. Below are some of the most successful products from Shark Tank.
1. Scrub Daddy
Inventor Aaron Krause persuaded Greiner to invest $200,000 in his smiley-faced sponge in what is possibly the single biggest non-edible success story to emerge from Shark Tank.
The Scrub Daddy is more than just a vessel for removing dried-on chili off pans: It becomes malleable enough to use on counters after being rinsed in hot water. It firms up when exposed to cold, making it ideal for tackling baked-on problems.
Krause has sold over 10 million sponges and had a profit of $50 million in 2017.
2. Squatty Potty
The Squatty Potty, a plastic stool designed to help with colon emptying, made an impact when it aired on the show in 2014.
In the 24 hours following the show, the company sold over $1 million in merchandise, besides Greiner’s $500,000 investment.
The company made over $30 million in sales in 2016. Judy, Bobby Edwards’ chronically constipated mother, was the source of inspiration.
There have been a slew of other “toilet stools” since then, with scientific papers confirming that they do indeed make pooping easier.
3. Ring Video Doorbell
Ring, the doorbell-camera combination, was recently sold to Amazon for $1.1 billion. The CEO James Siminoff confronted a Shark panel that couldn’t keep their eyes open during a 2013 appearance.
Mark Cuban later claimed that if given the chance, he would decline again, citing a high valuation as a stumbling hurdle.
Shaquille O’Neal, who agreed to be a pitchman for the product for shares in 2016, reaped the benefits of the Amazon sale.
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4. Bombas
High-quality socks for men, women, and children are the most successful Shark Tank product, with over $225 million in sales.
A blister tab, extra-long staple cotton to keep the socks breathable, and increased cushioning are all features of these socks.
In the sixth season of the show, the Bombas caught the Sharks’ interest, and the rest is history. They matched each pair of socks sold with a pair donated to a homeless shelter as part of their ethical approach.
5. Tipsy Elves Sweater
Nick and Evan persuaded Shark Robert Herjavec to invest $100,000 in their company. The company could sell over $10 million worth of ugly holiday sweaters on Amazon in 2015.
Mendelson went down to Panda Express three days before shooting the show where they were asking for money for a 10% stake in their business with the help of his girlfriend’s fortune cookie that showed, “investment opportunity will find you.”
He discovered the prophecy, which showed exactly what he was looking for (lucky him). Tipsy Elves’ items are now available on Amazon.
6. Safe Grabs
Safe Grabs is for you if you’ve ever burned your hands transferring a hot cup of porridge or soup from the microwave. After spending a lifetime tending to burnt palms, inventor Cyndi Lee came up with the concept.
Under your reheated dish, place the silicone mat in the microwave. The mat doubles as an oven mitt once it’s done, protecting your hands from the sizzling leftover plate.
Since appearing on the show in 2016, when Lori Greiner invested $75,000, Safe Grabs has generated over $5 million in sales.
7. Bala Bangles
Wearable wrist and ankle weights that have become quite popular because of their appearance on the show.
Natalie Holloway and Max Kislevitz, co-founders of Bala Bangles, went into business with Maria Sharapova and Mark Cuban, who agreed to invest $900,000 in exchange for a 30% ownership in the wearable weights company.
8. Kodiak Cakes
It’s difficult to shake the habit of reaching for Bisquick pancake mix, but Utah-based Kodiak Cakes is making a valiant effort.
The flour-based mix was featured on the show in 2013, with creator Joel Clark walking away empty-handed. It provides more whole grains and protein than your normal grocery store product. (He didn’t want to give up over 10% of his ownership.)
The firm grew by $54 million in revenue in 2017 thanks to the attention and support of health-conscious carb enthusiasts, and is now the fourth-largest pancake mix on the market. Pre-made waffles and pancakes are also available in freezer aisles.
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9. The Comfy
The Comfy large microfiber and sherpa wearable blanket is a highly cozy item, according to reviews.
There’s no doubt that this hooded blanket hoodie is doing something right, since the firm has made over $150 million in sales since appearing on Shark Tank.
10. ReadeRest
Never worry about losing your glasses again. When you need to fasten glasses to your shirt, use this small magnetic pocket filler. The clip prevents glasses from falling out and being broken.
Founder Rick Hopper’s speech enticed Lori Greiner to invest in Season 3 of Shark Tank, and they have made over $27 million in sales since then.
11. Sleep Styler
They debuted on Season 8 and have since sold over $100 million worth of Sleep Styler, which are heat-free hair rollers that promise to keep your mane healthy.
Lori Greiner was the shark who bit this time, for $75,000 and a 25% share in the company.
Other most successful Shark Tank products are as follows;
12. Simply Fit Board
The Simply Fit board, which looks like a skateboard without the wheels, is a core balance gadget designed to develop abdominal muscles.
Gloria Hoffman and Linda Clark, co-founders, persuaded Greiner that it was a worthwhile investment in a 2015 appearance, but Greiner believed she needed to act quickly: without a patent, copycats would become a problem.
With placement in Home Depot and Walmart, sales jumped from $575,000 to $9 million in a matter of months.
13. Blueland the Clean Essentials
Kevin O’Leary signed a deal with Blueland, an eco-friendly cleaning goods company, for a 3% ownership in the company for $270,000 plus royalties till he received his money back.
The “Clean Essentials package,” which includes four reusable bottles that can be refilled with eco-friendly tablets for hand soap, multi-surface cleanser, bathroom cleaner, and glass cleaner, is their most popular product.
14. Cousins Maine Lobster
In 2012, cousins Sabin Lomac and Jim Tselikis launched their Cousins Maine Lobster food truck in Los Angeles, hoping to provide an authentic Maine lobster roll experience to the West Coast.
They invited the two on Shark Tank after their success piqued the producers’ interest. Shark Barbara Corcoran put in $55,000, which helped facilitate the sale of a growing number of trucks, resulting in more than $20 million in sales.
Customers who do not have access to a vehicle can order to live, claw-snapping Maine lobsters through their website.
15. Stasher Silicone Reusable Storage Bag
The robust, reusable silicone sandwich bags are a perfect alternative to single-use plastic sandwich bags. They are useful because they are microwave, dishwasher, and oven safe, as well as helping to reduce plastic waste.
Mark Cuban put $400,000 into the company for a 15% stake.
16. GrooveBook
GrooveBook, an app that allows users to highlight social network photographs and request real reproductions as part of a personalised photo book, landed a contract with Mark Cuban and Kevin O’Leary during season five of Shark Tank.
Julie and Brian Whitman, the owners, had approximately 18,000 paid members prior to their presence. That number grew to 500,000 after the telecast. Shutterfly bought the company in 2015 for $14.5 million.
17. Grace and Lace
After a Corcoran appearance in 2013 and a $175,000 investment, Rick and Melissa Hinnant’s women’s accessory business grew from $1 million to over $20 million in sales.
The owners were scrambling to fill sock orders because of their quick success, which angered customers who were frustrated by the delays.
Most of their orders come via their website, though they have a growing presence in boutique stores and on Amazon.
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18. PhoneSoap
PhoneSoap was invented by Dan Barnes and Wes LaPorte to charge phones while also “scrubbing” them clean of bacteria and germs using UV light.
They approached Shark Tank with a $300,000 investment for a 7.5 percent ownership in the business.
Lori Greiner offered the two a $300,000 investment for a 10% ownership, which they accepted after hearing several Sharks’ concerns. Now, the brand offers several models at various price points, ensuring that everyone may own a clean phone.
19. Sand Cloud Turkish Beach Towel
Robert Herjavec invested $200,000, and the company has expanded to where it is now on a mission to help safeguard marine life by donating 10% of sales to conservation.
20. Bedjet
Few entrepreneurs have had as dramatic a failure as former NASA employee Mark Aramli, who promoted his BedJet, a climate-controlling mattress cushion that allows customers to set their ideal temperature, on a 2015 episode.
They did not impress the Sharks with his $499 price tag and $2.5 million valuation. But Aramli had the last laugh with $3 million in sales in the 18 months after the show aired.
21. InstaFire
Because not everyone learns important fire-starting abilities as a child, InstaFire was created. The kits, which include volcanic rock, wood pellets, and paraffin wax, can create flames up to 16 inches tall that can last up to 30 minutes.
In 2016, Mark Cuban and Lori Greiner put $300,000 into the company. InstaFire is on track to sell $5 million in product in 2019 after starting with $378,000 in sales previous to the show.
The company also intends to expand internationally, distributing InstaFire-ready wood to reduce deforestation in poor countries.
22. Copa di Vino
It’s difficult to get even one chance to present a product on Shark Tank; getting two is nearly unheard of.
James Martin, the founder of Copa Di Vino, initially surfaced in 2011 with his concept of single-serve wine cups that are sealed to keep the wine fresh.
Martin benefited from the attention even though he could not locate a partner, increasing his sales from $500,000 to $5 million. Following that accomplishment, they sent a second invitation in 2017.
The Sharks were not fond of his brash attitude to negotiating once again. (He drank from his own bottle.) Copa is still performing well, having sold 38 million cups in 2017.
23. Chef Big Shake
What one doesn’t want a juicy, delectable shrimp burger? Shawn Davis’ seafood proposal attracted no financial bids when he introduced it to the Sharks in 2012.
However, because of an enlarged menu of chicken, popcorn, and other foods, his Chef Big Shake banner grew from $30,000 to $5 million in sales, thanks in part to the increased visibility.
Davis created the patty for his vegetarian daughter, who has since returned to eating meat.
24. Bottle Breacher
The Bottle Breacher is a conversation starter, at the very least. Hand makes the bottle openers and are no longer in use. They used bullets with a caliber of 50 caliber as a symbol of military support.
In 2014, Mark Cuban and Kevin O’Leary invested, and revenues increased from $150,000 to $15 million. A part of the proceeds goes to a variety of non-profit military groups.
25. Mission Belt
Instead of notches, a release clasp is used to keep the strap snug around the waist in this reimagined belt.
The Mission Belt is available in a range of styles and colors, and it ensures a perfect fit every time. In 2012, Shark Daymond John became interested in the item.
Zach Holzapfel and Jeff Jensen, the company’s co-founders, donate $1 from every belt sold to support micro-loans for small businesses in underdeveloped nations. The company’s sales have surpassed $25 million.
We believe you enjoyed reading this article about the most successful Shark Tank products.
CSN Team.
