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Tuesday, April 12, 2022

The 8 Most Successful Products Featured On 'Shark Tank'

 





  • These top eight most successful products got their start in the Shark Tank and have generated a minimum of $100 million in sales each.


8. Sleep Styler

  • The product: heat-free hair rollers created from memory foam, to use while sleeping.
  • Shark that bit: inventor and entrepreneur Lori Greiner ($75,000 for a 25% stake in the company).
  • Sales: more than $100 million.

7. The Bouqs

  • The product: an online seller of flowers that partners with eco-friendly farms.
  • Shark that bit: none when the founders pitched the product on the show in 2014, but Canadian entrepreneur Robert Herjavec invested three years later after purchasing flowers from the Bouqs for his wedding.
  • Sales: $100 million.

6. Tipsy Elves

  • The product: holiday-themed apparel in the form of ugly Christmas sweaters.
  • Shark that bit: Robert Herjavec ($100,000 for a 10% stake).
  • Sales: Tipsy Elves raked in $900,000 a year in sales before appearing on Shark Tank and has generated $125 million in sales..

5. The Original Comfy

  • The product: wearable blankets with hoods.
  • Shark that bit: real estate entrepreneur and investor Barbara Corcoran ($50,000 for a 30% stake).
  • Sales: $250 million.

4. Simply Fit Board

  • The product: an exercise board—you stand on it and twist.
  • Shark that bit: Lori Greiner ($125,000 for a 20% stake).
  • Sales: more than $160 million (just 24 hours after the episode aired in 2015, the company raked in $1.25 million in sales).

3. Squatty Potty

  • The product: a personal care company best known for its toilet stool, which is designed to promote easier bowel movements.
  • Shark that bit: Lori Greiner ($350,000 for a 10% stake).
  • Sales: The company created a viral video in 2015 and generated $20 million that year in sales— later garnering the attention of Dr. Oz, Howard Stern, and other celebrities with overall lifetime sales of $175 million.

2. Scrub Daddy

  • The product: a reusable super sponge in the shape of a smiley face that gets firm in cold water and soft in warm water and has also been lab-tested to rinse clear of debris and resist odors for up to two months—the ergonomic shape is designed to clean both sides of kitchen utensils at once.
  • Shark that bit: Lori Greiner ($200,000 for a 20% stake).
  • Sales: $209 million—before Shark Tank, the company had $100,000 in sales— but before appearing on the show, founder Aaron Krause was ready, as he is quoted saying, “What I learned is if you’re unprepared, you’re the bait.”

1. Bombas

  • The product: comfort socks and more recently T-shirts too—for every item purchased, the company donates an item to organizations that help homeless people—it has donated more than 50 million items to more than 3,500 community organizations to date..
  • Shark that bit: Daymond John, founder of global hip-hop fashion brand FUBU ($200,000 for a 17.5% stake).
  • Sales: Co-founders David Heath and Randy Goldberg were inspired to create Bombas after discovering that socks were the most needed items at homeless shelters, since then lifetime sales have reached over $225 million.

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