Over the years, Shark Tank, the famous reality show where entrepreneurs pitch their business ideas to a group of investors called the Sharks, has shown viewers many creative things.
The show has started many successful businesses, from food products to tech gadgets.
This article will look at some of the most popular Shark Tank products.
Shark Tank’s Most Successful Products
Sharks have seen over 1,200 pitches.
Here are the top shark tank products.
Related Reading: Unique Business Ideas – Find Out Here.
Bouqs
The Bouqs Company is an online flower retailer founded by John Tabis and Juan Pablo Montúfar.
It delivers flowers and plants fresh from eco-friendly, sustainable farms to doorsteps nationwide.
The Bouqs Company connects farms and florists with people who want to buy their products.
This changes the traditional supply chain by cutting out stops that aren’t needed.
Before Shark Tank, Bouqs founder John Tabis had raised over $1 million in venture capital and was well on his way to developing a successful business.
After leaving the show without an agreement, Robert Herjavec called him, and they negotiated a deal.
So far, the company has raised $55 million in funding and grown to 100 employees.
Simply Fit Board
The Simply Fit Board is a balance board for fitness.
This balance board makes you rotate and lean slightly, thus intensifying core workouts.
By Shark Tank, 28,000 units of the Simply Fit Board had sold for over $1 million.
It is manufactured in five colors in factories located in Colorado, and over 50,000 outlets sell this ab-toning exercise equipment.
Squatty Potty
Squatty Potty is a toilet stool brand that raises the feet to simulate squatting.
This helps with bowel movements.
It promises to “change the way we poop, one stool at a time.”
Judy Edwards, the company’s founder, came up with this idea after she found that squatting helped her with her chronic constipation.
The product is made of plastic and comes in different shapes and sizes to fit different toilets.
Before appearing on Shark Tank, they sold over 10,000 Squatty Potties.
Due to its efficacy, the stool was sold worldwide, notably at Bed Bath & Beyond.
Founders Bobby and Judy Edwards promoted their product in Season 6, Episode 9.
Squatty Potty’s unicorn-pooping rainbow ice cream ad had also gone viral, ensuring its worldwide likeness.
Shark Lori Greiner invested in this business and grew sales from $80 million to $164 million in five years following Shark Tank.
Bombas
Bombas socks are unique.
Their company cares about society and gives socks away for every pair sold.
Randy Goldberg and David Heath came up with the idea after learning that socks are the most-wanted item in homeless shelters.
They decided to raise money and give socks to people in need.
They make high-quality socks with stay-up technology, honeycomb support, seamless toes, and heel blister protection.
The founders raised $140,000 through crowdfunding, exceeding their goal of $15,000.
They asked Shark Tank for $200,000 for 5% of the company.
They wanted a Shark to help them enter brick-and-mortar retail.
Bombas, Shark Tank’s top social initiative, has sold over $225 million and donated 42 million pairs of socks.
Scrub Daddy
Aaron Krause, the inventor of the Scrub Daddy, had an auto parts store.
Krause invented the Scrub Daddy because mechanics had trouble cleaning grease and grime.
The stiffness of Scrub Daddy sponges varies with the temperature of the water.
Aaron Krause pitched his sponge in Shark Tank Season 4, Episode 7.
He got $100,000 from the Sharks for 10% of his company, as he wanted.
Lori Greiner paid $200,000 for 20% interest after much haggling.
Scrub Daddy now sells 48 products at approximately 30,000 retail locations in 17 countries.
Doorbot
Ring Doorbells are familiar.
However, few know that Shark Tank introduced Doorbot.
Jamie Siminoff showed his app-accessible video doorbell.
He requested $700,000 for a 10% stake in the episode broadcast.
Siminoff had marketed other applications before Doorbot.
Most sharks passed due to safety and long-term profitability concerns.
Kevin O’Leary was the sole bidder, but they couldn’t agree.
Siminoff left without a doorbell video arrangement to increase home security.
Doorbot earned $415 million in 2017, two years after its founding.
The brand was acquired by Amazon in 2018 and rebranded as “Ring.”
Kodiak Cakes
Joel Clark’s mother started selling dry ingredients for his grandfather’s whole wheat hotcakes in 1982.
These hotcakes were transformed into Kodiak Cakes.
In 1994, Kodiak Cakes began profiting from their hotcake recipe.
Before Shark Tank, Walmart, Safeway, Albertsons, and Amazon sold the product.
They predicted a million-dollar year from Target stores.
Sharks liked the taste but couldn’t agree with the co-founders’ $5 million valuations.
At the moment, Kodiak Cakes earns around $100 million annually!
Tipsy Elves
Evan Mendelsohn and Nick Morton quit their jobs to start Tipsy Elves, an ugly Christmas sweater company.
Tipsy Elves differentiated themselves from other kitschy sweater producers by using high-quality textiles.
Unlike the competition’s inexpensive sweaters, Tipsy Elves’ sweaters are created to last.
Morton and Mendelsohn launched their ugly Christmas sweater enterprise with $140,000.
They made $400,000 their first year and $900,000 their second year.
Shark Tank helped them debut the knitwear in over 200 countries.
Since then, this clothing company has produced new items, including a wide range of garments for men and women, and sales have increased to over $125 million.
Kitu Super Coffee
Jordan DeCicco, a basketball player at Philadelphia University, realized that the sports energy drinks he drank after games were full of sugar.
This inspired Kitu Super Coffee.
Jorden thought a more practical option should exist.
He asked his older brothers to improve the formula.
The brothers now market a lactose-free sports drink made from organic Colombian coffee beans, coconut oil-derived proteins, and healthy fats.
Kitu Super Coffee made $600,000 after two years.
The brand is now valued at $200 million.
The Comfy
The Shark Tank panel looked at brothers Brian and Michael Speciale‘s Snuggie copycat, the Comfy like they were crazy.
Michael spotted his nephew lying on the couch in an oversized hoodie, inches from a blanket, and got the concept for the fleece-lined, microfiber, enormous hooded sweatshirt.
The brothers stopped their Kickstarter effort after realizing they weren’t ready.
They had no inventory and no sales on the show.
The Comfy pitched the Sharks without evidence.
This business was brand new.
It almost sold itself.
Barbara Corcoran paid the couple $50,000 for 30% of Comfy, confident in its success.
Plated
Nick Taranto and Josh Hix created Plated, a meal kit subscription service, in 2012.
Shark Tank Season 5, Episode 22, showcased the business.
The creators, who pride themselves on using locally grown foods, sought $500,000 for 4% of the firm on the show.
Mark Cuban invested $500,000 in Taranto and Hix’s healthy meal subscription food delivery firm for 5.6% and advisory shares.
After the show, the Mark Cuban deal fell through.
Kevin O’Leary eagerly negotiated one of Shark Tank’s most profitable investments.
Plated’s 2015 revenue exceeded $100 million despite a poor start.
The founders persevered, and Albertsons bought Plated for $200 million in 2017.
EverlyWell
EverlyWell makes home diagnostic kits for digital health.
Season 9, Episode 12, featured entrepreneur Julia Cheeks on Shark Tank, seeking $1 million for 5% of her business.
Lori Greiner paid her $1 million, and three years after Shark Tank, retail sales exceeded $140 million, and the business was worth $2.9 billion last year.
Rocketbook
Jake Epstein and Joe Lemay started Rocketbook, which makes erasable notebooks that work with Dropbox and Google Drive.
Shark Tank 2017 featured them.
The entrepreneurs failed to secure funding, and BIC bought them for $40 million with $32 million in revenues.
Related Reading: Alternative Investments – Learn About Them Here.
Summing It Up
In conclusion, Shark Tank has served as a launchpad for several years.
The show has presented viewers with various cutting-edge products, from food items to electronic gadgets.
The goods that have stood out on the show have been those that have provided customers with a unique answer to a problem, filled a market gap, or solved a problem.
The Sharks and the audience were able to pay attention to these products, and they have continued to develop and expand after the program.
The lesson from this review is not to be scared to develop your idea further and present it to the Sharks or other venture capital firms.
If you have a good business idea and plan, you can turn your idea into a profitable product or business.
