Shark Tank allows prospective entrepreneurs to pitch their business ideas and goods to wealthy “Sharks”. Some of these inventions have become household names and made millions. From Scrub Daddy to Coconuts Oil, venture money has helped entrepreneurs and their businesses succeed.
This article discusses 10 of the most successful Shark Tank ideas. We’ll explore the Sharks’ investment, what made them stand out from other Shark Tank items, and their success since appearing on the show. Let’s begin!
Scrub Daddy
Shark Tank’s ingenious cleaning product Scrub Daddy became a household name. The sponge-like substance hardens in cold water and softens in warm, making it ideal for washing without scratching. Mark Cuban bought a 20% interest in Scrub Daddy for USD 200,000. Two weeks later, the company sold over USD 1 million in items.
Ring
Ring’s video doorbell lets owners watch their houses remotely. James Siminoff proposed the Sharks his plan, and Mark Cuban invested USD 700,000 for a 10% stake.
The product is now one of Shark Tank’s most successful, selling over USD 1 billion annually.
More Nuts
Nuts ‘N More is a healthy-fat-packed protein snack and spread. Peter Ferolito asked Shark Tank for USD 500,000 for a 25% share in the company. Lori Greiner leapt at the chance and committed USD 300,000 for 30%, now 40%. The product is available in approximately 10,000 retail outlets globally.
Squatty Potty
The ergonomic Squatty Potty footstool aids bowel movement posture. Shark Tank “Shark” Robert Herjavec designed the idea and presented it for USD 400,000 for a 20% share in the company. After its first success, the product became a household name. Now offered in over 15,000 retail outlets globally, the company has made over USD 300 million.
Natural Grip
The Natural Grip is a unique hand grip for weightlifting, yoga, and other fitness activities. John Wise established it and pitched Shark Tank for USD 300,000 for a 20% investment. Lori Greiner invested USD 200,000 for 30%, now 50%. After Shark Tank, the product sold over USD 1 million in six months.
GrooveBook
The GrooveBook software prints photographs into photo books. Julie and Brian Whiteman created it and pitched Shark Tank for USD 150,000 for a 10% ownership.
Robert Herjavec quickly invested USD 150,000 for 25%, which has subsequently grown to 50%. Since Shark Tank, the app has sold over USD 30 million in two years.
Popcorn Snacks
Gourmet popcorn snacks with non-GMO ingredients from Pipcorn Snacks are for health-conscious carbohydrate lovers. Jeff and Jen Martin created it and pitched it on Shark Tank for USD 175,000 for 18% ownership.
Shark Robert Herjavec invested USD 200,000 for 25%, now 30%. The product sold over USD 50 million in five years after appearing on Shark Tank.
Bottle Breaker
The Bottle Breacher series of handcrafted bottle openers use recovered 50-caliber ammo. Eli Crane established it and pitched Shark Tank for USD 150,000 for a 20% stake.
Daymond John invested USD 150,000 for 25%, now 35%. The product sold over USD 25 million in three years after appearing on Shark Tank.
Awesome Cupcakes
Gourmet cupcakes from Wicked Good Cupcakes are supplied directly to clients. Tracey Noonan and Danielle Vilagie created it and pitched Shark Tank for USD 75,000 for a 20% stake.
Robert Herjavec invested USD 75,000 for 25%, now 33%. After Shark Tank, the product sold over USD 10 million in two years.