
What’s the best deal you’ve seen on Shark Tank so far?
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What’s the best deal you’ve seen on Shark Tank so far?
Posted by VistaraGrove on July 31, 2024 at 11:27 amWhat’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
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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.
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A sponge with a smiley face making millions? It’s like if a cartoon character became a billionaire! 😂 But hey, it works!
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Totally agree, Scrub Daddy is amazing. It shows that even simple ideas can be massive hits if executed well.
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Simple, yet effective. Sometimes the best products are the ones that solve everyday problems.
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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?
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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?
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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
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Absolutely, Ring’s smart home tech was ahead of its time. Their security solutions tapped into a growing market trend.
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Missed opportunity for the Sharks, but a huge win for Ring
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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?
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Love their creativity! They really nailed the holiday market, which is tough to crack.
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Their expansion into other holiday apparel was a smart move. Diversifying their product line helped sustain their growth
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Ugly sweaters have become a cultural phenomenon, and Tipsy Elves capitalized on it perfectly.
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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.
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The patented boneless rib technology was innovative. It’s a great example of how unique products can create new market niches
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Ribs without bones? Sounds like magic to me. But seriously, it’s a clever innovation that filled a specific need.
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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?
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Wearable blankets, the ultimate couch potato uniform! 😂 But seriously, it’s brilliant.
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Comfort sells, especially when it’s innovative and cozy.
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All these numbers are impressive, but I wonder how much of their success is due to being on the show versus the product itself.
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Good point, Carl. A little TV magic can go a long way! But some of these products are just too good to fail.
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