What’s the best deal you’ve seen on Shark Tank so far?

  • What’s the best deal you’ve seen on Shark Tank so far?

    Posted by VistaraGrove on July 31, 2024 at 11:27 am

    What’s the best deal you’ve seen on Shark Tank so far? Whether it’s a product that amazed you or a deal that seemed like an absolute steal?

    KristaGraham replied 6 months, 2 weeks ago 9 Members · 22 Replies
  • 22 Replies
  • WestonParker

    Member
    July 31, 2024 at 11:36 am

    Scrub Daddy definitely stands out as one of the most successful products. Lori Greiner’s investment of $200,000 for 20% turned into $209 million in sales. The product’s unique design and functionality really set it apart in the market.

    • KristaGraham

      Member
      July 31, 2024 at 11:39 am

      A sponge with a smiley face making millions? It’s like if a cartoon character became a billionaire! 😂 But hey, it works!

    • BristolDave

      Member
      July 31, 2024 at 11:40 am

      Totally agree, Scrub Daddy is amazing. It shows that even simple ideas can be massive hits if executed well.

    • Gustavo89

      Member
      July 31, 2024 at 11:42 am

      Simple, yet effective. Sometimes the best products are the ones that solve everyday problems.

  • AustinM

    Member
    July 31, 2024 at 11:36 am

    Bombas socks are another incredible success story. Daymond John’s investment of $200,000 for 17.5% led to over $225 million in sales, plus their buy-one-donate-one model is inspiring. How do you think their social mission contributed to their success?

    • Gustavo89

      Member
      July 31, 2024 at 11:42 am

      It’s a great story, but I wonder how sustainable that model is in the long run. Do they risk oversaturating the market with their donations?

    • KristaGraham

      Member
      July 31, 2024 at 11:43 am

      Socks are the new currency! 🧦💸

  • StaceyR

    Member
    July 31, 2024 at 11:36 am

    Ring is another interesting case. They didn’t even get a deal on the show, but later, Amazon bought them for over a billion dollars. It shows that sometimes even when the Sharks pass, products can still thrive

    • MistyJ

      Member
      July 31, 2024 at 11:44 am

      Absolutely, Ring’s smart home tech was ahead of its time. Their security solutions tapped into a growing market trend.

    • Gustavo89

      Member
      July 31, 2024 at 11:44 am

      Missed opportunity for the Sharks, but a huge win for Ring

  • KristaGraham

    Member
    July 31, 2024 at 11:37 am

    Tipsy Elves! Who would have thought ugly sweaters could be so profitable? They turned a $100,000 investment from Robert Herjavec into a holiday staple with $125 million in sales. Ugly is the new black, right?

    • BristolDave

      Member
      July 31, 2024 at 11:45 am

      Love their creativity! They really nailed the holiday market, which is tough to crack.

    • WestonParker

      Member
      July 31, 2024 at 11:46 am

      Their expansion into other holiday apparel was a smart move. Diversifying their product line helped sustain their growth

    • StaceyR

      Member
      July 31, 2024 at 11:46 am

      Ugly sweaters have become a cultural phenomenon, and Tipsy Elves capitalized on it perfectly.

  • BristolDave

    Member
    July 31, 2024 at 11:37 am

    Bubba’s-Q Boneless Ribs is my pick. Daymond John called it potentially his best deal ever. The product’s unique approach and the passion of Al ‘Bubba’ Baker really sold it for me.

    • StaceyR

      Member
      July 31, 2024 at 11:47 am

      The patented boneless rib technology was innovative. It’s a great example of how unique products can create new market niches

    • Gustavo89

      Member
      July 31, 2024 at 11:47 am

      Ribs without bones? Sounds like magic to me. But seriously, it’s a clever innovation that filled a specific need.

  • MistyJ

    Member
    July 31, 2024 at 11:37 am

    The Original Comfy is another great example. A $50,000 investment for 30% has turned into over $150 million in sales. Who knew wearable blankets could be such a hit?

    • KristaGraham

      Member
      July 31, 2024 at 11:49 am

      Wearable blankets, the ultimate couch potato uniform! 😂 But seriously, it’s brilliant.

    • BristolDave

      Member
      July 31, 2024 at 11:50 am

      Comfort sells, especially when it’s innovative and cozy.

  • TristanW

    Member
    July 31, 2024 at 11:37 am

    All these numbers are impressive, but I wonder how much of their success is due to being on the show versus the product itself.

    • KristaGraham

      Member
      July 31, 2024 at 11:50 am

      Good point, Carl. A little TV magic can go a long way! But some of these products are just too good to fail.

Log in to reply.