The Shark Tank's Favorite Weight Loss Products- What to Buy Now - Mustaf Medical
When it comes to the world of business, getting an endorsement from Shark Tank can be a dream come true for any entrepreneur or business owner as they are known for their insightful investment advice and for those who get a yes will often see great results with the exposure. The show is where business owners present their ideas and proposals to a group of investors called Sharks that are known for investing in promising new products or services. Over the years, we have seen various successful ventures rise from the Shark Tank after receiving investments from these influential individuals but here are seven incredible products they endorsed in the past. Let's get into each one of them.
Product 1: Skinnygirl's Skinny Sips
Skinnygirl's Skinny Sips is a line of low-calorie cocktail mixers developed by Bethenny Frankel who first appeared on the show seeking a $62,000 investment for a 30% stake in her business. The Sharks offered her more money but she took Mark Cuban's deal and invested in her product which now rakes in over $20 million worth sales annually as of 2019. What makes this Skinnygirl cocktail mixer special is its low-calorie content with no artificial sweeteners or preservatives. In the United States alone, the company has sold over 10 million units with a large customer base.
Product 2: Squatty Potty
Jessica Beacom and her brother Robert appeared on Shark Tank to ask for an investment of $150,000 in return for 20% equity in their unique bathroom stool called the Squatty Potty. What they were offering was more than just an ordinary toilet support as it also allows users to go into squat position making bowel movements more effective and comfortable. The product saw a lot of traction with Lori Greiner who invested $150,000 but got 33% equity in return. In 2018, Squatty Potty grossed over $300 million worth in sales which is a huge testament to how effective this simple toilet aid was.
Product 3: Purely Elizabeth Granola
Elizabeth Thomas appeared on Shark Tank seeking an investment of $60,000 for her organic granola and also received the same amount from Lori Greiner. The best-selling product comes in different flavors that can serve as healthy snacks or breakfast meal to those who are health conscious and since the episode aired, Purely Elizabeth Granola grossed over $7 million. As a woman entrepreneur, Elizabeth Thomas was successful enough to secure 50% equity for her business from Lori Greiner.
Product 4: Glisten Up!
Glisten Up! Is a line of stainless steel cleaning cloths that can be used on various surfaces and can easily cut through the grease with their built-in scrubbing surface. The company secured funding in the amount of $125,000 as they offered a 12% equity for the deal to Lori Greiner. Now, Glisten Up! Sells over half a million units each month since appearing on the show. It's known for making cleaning more efficient and eco-friendly.
Product 5: Simplehuman Adjustable Measuring Cups
Simplehuman is a line of smart kitchen tools including adjustable measuring cups that made their way to Shark Tank in season 4 but received an investment from Daymond John. The company has had an amazing journey since the deal with John where it raked in over $100 million in sales as a result of the exposure on the show.
Product 6: Wondr
Wondr was pitched by founder James Miller and co-founder Chris Burch, an heir to the fashion empire that is Tommy Hilfiger. The app is designed for singles looking for meaningful connections. It requires each user's friends to "wonder" about someone they know in order to get them on the application. It uses their social media profiles and then introduces suitable matches based on shared interests.
Product 7: Tushy
Tushy was a line of bidet sprays by entrepreneur Sarah Koening that first made an appearance at Shark Tank seeking a $50,000 investment for a 5% equity stake but instead got the deal from Barbara Corcoran with a reduced offer of $75,000 in exchange for 10%. The company now rakes in more than one million dollars each month and is still going strong after three years since appearing on the show.
Product 8: Contigo Single Serve Pour Over Coffee Maker
Contigo makes high-quality coffee makers but it was their pour over single-serve product that received an investment of $200,000 from Kevin O'Leary for a 10% equity in return. As the company saw great potential, they expanded into more products and is now making over half a million dollars each month with a wide customer base.
The seven products we have discussed are just a few examples of how Shark Tank has helped businesses and entrepreneurs grow as it gave them exposure that catapulted their business to new heights and success. These investments aren't small but the results were huge. So if you ever see an episode or two, be sure to keep note of all the companies appearing on the show as they may just surprise you with their growth in the future.