With nearly 9 seasons in the books, Shark Tank has produced some amazing success stories. Just about every company will get a boost in sales from appearing on the show, but there have been a few unique business that stand out from the rest.
Tipsy Elves – $25+ million in sales in under 4 years
Tipsy Elves aired in December 2013 with perfect timing for selling their unique ugly Christmas sweaters to the public. This company was a shocker to the Sharks as it became one of the most successful products to ever air on the program.
Rober Herjavec was able to get 10% of the company for $100,000, which as you can tell, has paid itself off multiple times. Assuming around a 40% profit margin, that $100,000 investment has earned over $1,000,000.
Tipsy Elves has since expanded into different holiday wear and was able to be featured in the 2015 Seth Rogan and Joseph Gordon Levitt movie –The Night Before. What could have been a short-lived fad has become a Christmas staple at most parties.
Prices for a sweater range from $40 – $65, and they have just about any other apparel you can think of.
Squatty Potty – $30+ million in under 3 years
Squatty Potty aired on Shark Tank in November of 2014 and immediately saw a $1 million increase in sales overnight after airing, and they report that they brought in $30 million in 2016 alone. Lori Greiner was able to get 10% of the company for $350,000, so with the same 40% profit margin assumption, Lori has already made roughly $1.2 million back.
I have personally owned and used the Squatty Potty for years before it ever aired on Shark Tank. I saw a funny advertisement on YouTube and went and got my own, and have never looked back.
It not only is a funny product, but it actually performs a real purpose aiding to using the restroom the way our ancestors always had – squatting.
The Squatty Potty runs for just about $24, and I have to attest – is well worth it.
Scrub Daddy – $75+ million in 5 years
The mac daddy for years – the Scrub Daddy had been touted as the most successful product on Shark Tank. Lori Greiner was able to get in on this company got 20% of the company for $200,000.
The $75 million is being conservative, considering that is based off the most recent update from a year ago, meaning I wouldn’t be surprised to find out that this company has actually generated $100 million in sales since airing back in 2012. With our profit margin assumption, this would mean Lori has been able to earn over $6,000,000 off of the Scrub Daddy investment.
A pack of 4 Scrub Daddy scrubbers costs right around $15.
The Sleep Styler – $75+ million in sales in under 1 year
The Sleep Styler is well on it’s way to becoming the most successful Shark Tank product of all time, and is by far the quickest success to ever air. We actually worked closely with The Sleep Styler and Tara in helping her to appear on the show and handle sales post airing over at our sister company Modern Alchemy. It was quite exciting to seeing millions in sales come within a week from airing.
Now, just 8 months later, Shark Tank provided an update on The Sleep Syler saying they have $75 million in sales since airing! Just as with the Squatty Potty and The Scrub Daddy, Lori Greiner is the shark who took a bite out of this company. Lori is confident that The Sleep Styler is going to take over by being the biggest product to ever air on the popular show. She was able to get an amazing deal of 25% stake equity in the company with a $75,000 investment. With our previous 40% profit margin assumption, Lori has already earned a whopping $7,500,000 in just 7 months!
The Sleep Styler retails for $29.99. If you would like to find out more about how our team at Modern Alchemy helped The Sleep Styler, click HERE.
