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Most Successful Shark Tank Products

Hopeful entrepreneurs lucky enough to make it on to Shark Tank have the opportunity to pitch their ideas to the world’s most successful business people and investors. With nine seasons under its belt, Shark Tank viewers have seen almost every bad idea possible, from the Ionic Ear (a surgically implanted Bluetooth device) to the beer, golf course or football scented Man Candle. However, some ideas have become incredible success stories after receiving much needed investment from the Sharks. Here are some of the most successful products featured on Shark Tank.

 

Scrub Daddy

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Scrub Daddy is a smiling sponge designed to clean both sides of kitchen utensils at once. The clever sponge rinses clean of debris easily, becomes firm in cold water but soft in warm water, and has been lab tested to resist odors for two months. Lori Greiner saw innovation in its design in Season 4, and offered an investment of $200,000 for 20% equity.

Scrub Daddy is now available on QVC and can be found in Bed Bath & Beyond, Target, Walmart and Staples. Until Shark Tank, the company had made $100,000 in sales. Since the show, Scrub Daddy has gone on to make over $50 million, making it one of the greatest success stories to come from Shark Tank.

 

ReadeREST

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ResteREST is a magnetic eyeglass holder, designed to keep your glasses  securely attached to your shirt. During Season 3 of Shark Tank, Rick Hopper pitched his invention to the Sharks and Lori Greiner bit. She invested $150,000 in exchange for a whopping 65% share of the company. The simple but popular product regularly sells out on QVC and according to Business Insider, ReadeREST made $13 million in revenue in the three years following its appearance on the show.

 

Squatty Potty

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The Squatty Potty, designed by Bobby Edwards, is a toilet stool which raises the feet to help with constipation. In Season 6, ‘QVC Queen’ Lori Geiner knew this idea was marketable. She was joined by fellow Shark Kevin O’Leary and together they offered $350,000 for 10% equity. Within 24 hours of making the deal on Shark Tank, Squatty Potty saw $1 million in sales. This rose to $12.3 million in the first three months. They have since made a deal with Bed, Bath & Beyond and enjoy continued success.

 

Breathometer (BACtrack)

 

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Created by Charles Michael Yim, the BACtrack Mobile Smartphone Breathalyzer for iPhone and Android Devices ingeniously turns your smartphone into a breathalyzer. Not only does the product give an alcohol level reading, it can even hail a cab if required!

This innovative product made Shark Tank history in Season 5 by becoming the first product all five Sharks invested in. Yim was given $650,000 in exchange for 30% of the company and in 2014 the company was projected to make $10-12 million in revenue, based on pre-orders.

 

Tipsy Elves

 A man from Lubbock, TX believes his colorful, magnetic light strands hold the solution to one of the holiday's biggest headaches

In Season 4, Evan Mendelsohn and Nick Morton pitched their idea for ugly Christmas sweaters to the Sharks. Before appearing on Shark Tank, Tipsy Elves had already made $600,000 after a year of sales, cashing in on the love for themed fun during the holiday season. Whilst considered a fleeting trend by some, Shark Robert Herjavec saw something more in the idea and invested $100,000 for a 10% stake in the company. He has since told Business Insider it was his most profitable and favorite investment of the show.

Since appearing on Shark Tank, the Tipsy Elves’ range of novelty “ugly” clothing has diversified and now includes everything from 80’s retro ski-suits to sweatbands and fanny packs emblazoned with the Star-Spangled Banner. In 2016, the company made $8 million and landed the license to mass produce the yuletide sweater Seth Rogen wore in the movie ‘The Night Before’.

Simple Sugars

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Lani Lazzari was only 18 years old when she appeared on Season 4 of Shark Tank to pitch Simple Sugars. An all natural skincare range catering to those with dry or sensitive skin, Lazzari had carefully researched safe and gentle ingredients that smelled great for her Simple Sugars range. Mark Cuban decided to invest $100,000 in return for 33% equity.

 

Within 24 hours of her appearance on Shark Tank, sales of Simple Sugars products had jumped from $50,000 to $220,000. Within six weeks, this had hit an incredible $1 million. Today, Simple Sugars sells nationwide and internationally, employs a team of 22 people, appears in over 700 retail locations, and last year brought in over $3 million in revenue.

 

Lumio

 

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With a background in architecture, Max Gunawan brought his Lumio foldable magnetic-lamp to the Sharks during Season 6 of the show. An accordion style, fold away reading light in the guise of a book, Robert Herjavec invested $350,000 for a 10% share in Lumio.

In 2016, Lumio made $3 million in sales, appealing to a high-end, artistic audience. With an elegant and popular design, Lumio has been written about in many publications, from the Wall Street Journal to GQ Magazine, and was named as one of the “Top 10 Most Innovative Crowdfunded Companies” by Entrepreneur Magazine.

 

Bottle Breacher

 

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In Season 6, Former Navy SEAL Eli Crane and his wife Jen pitched the novel idea of Bottle Breacher to the Sharks. The company employed military veterans and manufactured elegant looking bottle openers out of .50-caliber bullets. Both Mark Cuban and Kevin O’Leary made a deal with the couple, investing $150,000 in exchange for a 20% stake in the business.

With demand increasing, O’Leary has said it was one of his most profitable investments from the show, with Bottle Breacher making $2.5 million in sales in 2017 and now employing 32 people.

 

ChordBuddy

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Music teacher and parent Travis Perry created ChordBuddy after helping his daughter to learn to play guitar. ChordBuddy is a device which attaches to the neck of an electric or acoustic guitar and features colored tabs to help novices learn the instrument. Clever and effective, ChordBuddy impressed Shark Robert Herjavec when it appeared on Season 4 of Shark Tank. Herjavec invested $175,000 for a 20% share of the business.

ChordBuddy saw revenue of approximately $2 million in 2014 and has ensured its successful growth by attracting a company spokesperson in the form of John Rich, from the popular country duo ‘Big and Rich’.

 

Hold Your Haunches

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Hold Your Haunches are shape-defining fashion trousers featuring an extendable waistband and an inner compression shell from the waist to the calf. The trousers are designed hold and sculpt the wearer’s shape via the dual contouring under layer and flowing outer layer.

In the year leading up to their appearance on Shark Tank in Season 5, creators Erin Bickley and Jenny Greer reported sales of $165,000. Six months after Sharks Barbara Corcoran and Lori Greiner invested $75,000 for 40% stake in the business  (plus extended a $100,000 credit line), Hold Your Haunches saw more than $1.5 million in profits. Their fashion line has since expanded to include skirts, dresses, tops, and more, all featuring the same inspired shape-defining technology.

 

BuggyBeds

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BuggyBeds was pitched by Veronica Perlongo and Maria Curcio on Season 4 of Shark Tank and acts as an early detection and prevention system for bed bugs. All five Sharks showed an interest in this inventive idea and split the $250,000 investment for 25% equity. Since then, BuggyBeds can be found in approximately 350 Home Depot locations, is sold in 23 countries worldwide, and is estimated to have made over $1.2 million in sales.

 

Lollacup

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Lollacup, featured on Season 3 of Shark Tank, is an example of a very simple but clever product. Designed by Hanna and Mark Lim, this cute and colorful child’s ‘sippy cup’ allows infants to effectively drink from the straw without spillage. The flexible straw features a weighted end which anchors the liquid, allowing small children to drink with the cup tilted. Conveniently, there are no valves within, making it easy to clean.

Funded by Mark Cuban and Robert Herjavec, offering $100,000 for 40% equity in the company, Lollacup went on to make over $1 million in sales since appearing on Shark Tank and is stocked in Walmat. According to Business Insider, it is the most successful product for kids to come from the show.

 

 

 

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Click Here to Leave a Comment Below 11 comments
Gina Walters - June 20, 2018

Since I saw Scrub Daddy on Shark Tank I always wanted to try it, and it didn’t disappoint! In the apartment I live in, some synthetic stone is used for bathroom countertop and it is very hard to get rid of water spots on it. It doesn’t easily come off even with Clorox or Scrubbing Bubbles, but with Scrub Daddy, it instantly comes off. And I’m not even using any strong chemical cleaner with it. I spray one of those natural cleaners and scrub the countertop with Scrub Daddy for a few seconds. It’s the same thing with the bathtub. It becomes very shiny without scrubbing with lots of pressure. I am truly impressed.

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Eddie Miller - June 21, 2018

Unbelievable that I’ve been performing a basic bodily function incorrectly my entire life. Squatty potty is a wonderful product that is well worth the money. It allows one to adopt a natural, healthy position without giving up a western style toilet. You just have to use it to truly appreciate it.

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Darlene Mendez - June 21, 2018

I’m in love with the Simple Sugars Green Tea Body Scrub! I saw it in Shark Tank and figured i would try it to see if it would help the small Eczema spot i have on my hand. Ever since I’ve been using it, the spot has gotten so much better! I look forward to using it everyday, not to mention it smells amazing! Will definitely be buying more and trying other products in the future!

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Ismael Sparks - June 22, 2018

Bought the Breathometer after college to help adjust to adult social life. It has been amazing! Initially, we all just used it to see who could get the high score, but a year later it has come in handy to tell exactly when we can and cannot drive home. It also has a handy Uber suggestion after you blow! The prediction time until sober is moderately accurate, erring on the side of caution, which is a good thing.

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Lora Conner - June 22, 2018

ReadeRest is really a great invention! I am always looking for my reading glasses, having put them down somewhere and then forgetting where they are. I was resigned to having to wear a chain around my neck like my grandma, but then I saw this. The ReadeRest is small and unobtrusive, stays very well attached to your clothing by tiny magnets – the clear side goes under your clothing, the hook side on top of your clothing. It is hardly noticeable on my shirt, I forget it’s even there. My husband forgot his was on his shirt and put it through the washer – it stuck to the washer because of the magnets and came out clean and undamaged! Even when you bend over the glasses stay hooked on the rest. I highly recommend buying the ReadeRest!

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Darnell Wagner - June 25, 2018

The bottle breacher is the last bottle opener you will ever need! This thing is awesome…. Saw it on TV, and liked the product and the sellers! Made in the USA, by Veterans! I didn’t need it, and am not a gun-guy, but this would make a great gift, for the Veteran, Hunter, gun aficionado, or anyone…. There are cheaper knockoffs, but, personally, I like supporting the original!

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Eula Crawford - June 25, 2018

Our son loves the lollacup, and so do I! They’re easy to use and hold a good amount of fluid. The straw can get stained when eating things like tomato sauce, but there are replacement ones if that bothers you. Yes they will spill some liquid if left on its side, but I think this helps to teach using a real cup. You can’t just tip over your coffee cup and not expect the table to get wet. Also I feel like my kid is at the stage where sippy cups that don’t drip also don’t let out a lot of liquid with each sip, so I’d like him to be able to drink freely.

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Glenn Wade - June 26, 2018

For the price, Buggybeds was a great purchase. I had been breaking out with hives for some unknown reason (at the time) I was almost crazy trying to figure out what the problem was. Used this product as directed with my bed and also with my coach and found no bugs! Yay! Later found out my hives were caused by a weird food allergy. The piece of mind this product gave me was certainly was the reasonable price! Would recommend this product.

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Nicholas Boone - June 26, 2018

Chordbuddy was a great start for my Grandson’s initial foray into learning the guitar. Once I find a reasonably priced left-handed guitar, I’ll get a lefty version for myself. Generally, I dislike shortcuts but, in this day and age, it’s a great tool that helps shorten the learning curve.

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Erika Sutton - June 27, 2018

Not long ago Scrub Daddy came to my rescue in an unexpected way. As an artist I work with acrylic paints & recently I accidentally got a little paint on the wrist cuff of my blouse that was not adequately protected by the paint smock I was wearing. I didn’t notice it at first, so it dried completely. I had nothing in my supplies to clean it off. So I used a piece of scrap material with soap, but the dry paint was not going to budge. Then I spotted my Scrub Daddy on the sink ledge. I decided to give it a try with some of the soap. Lo & behold I could see the paint coming off as I kept scrubbing. Eventually it was completely “erased”. This may not work on some fabrics, but on this cotton top it worked beautifully. Hope this helps others with similar cleanup problems.

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Bernice Griffith - June 27, 2018

My husband and I both use Squatty Potty, although we don’t use it every day. I think there are a lot of variables when it comes to using this. For example, my husband being taller finds it somewhat uncomfortable, saying it’s too high (although he’ll still use it when he’s having a hard time going). I’m only 5’2″ and even I thought it was a bit high the first time I tried it so I simply moved it out a bit instead of having it right up against the commode. It works very well for me that way. I don’t think it’s necessary to have your knees up to your chin when you’re sitting there, and with everyone being a different size you may have to make some adjustments; pushing the unit out and away from the commode a bit may make it more comfortable to use. The important thing is that it makes things easier and more comfortable for you to go so use it to your best advantage.

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