The popular investment competition series Shark Tank is different from most reality competition shows in that even the failures get a huge boost in business thanks to appearing on the show – the old adage that all publicity is good publicity springs to mind. But nothing beats winning over the famous investor Sharks on their home territory, and here are a few of the most successful companies that managed to do just that – along with the sales figures that vindicate the sharks’ decision to invest.
Scrub Daddy: $100 Million in Sales
Purportedly an improvement on a typical sponge, the Scrub Daddy has gone from a season 4 success story to more than $100 million in sales. Not bad for a product that was originally developed for the specialized market of mechanics and other auto car industry professionals.
Bombas: $50 Million in Sales in 2017
Bombas are premium socks with cushioning that put them above and beyond the average sock most of us wear every day. It operates on a similar model to the TOMS shoe brand, with a pair of socks being donated to a homeless shelter or other community center that needs it for every pair purchased. In 2017, the business model succeeded with a reported $50 million in sales for the year.
Tipsy Elves: $50 Million in Sales
Resident shark Robert Herjavec made a $100,000 gamble on these “ugly sweaters” with a brand name that has branched out into ski gear and other apparel back in 2013. The gamble paid off, with an estimated $50 million in sales since then.
Squatty Potty: More Than $30 Million in Sales
We all remember the Squatty Potty’s massive social media push from a couple of years ago, but you might not recall that it was originally featured on Shark Tank, where it caught the eye of Lori Greiner. Since then, it’s exceeded $30 million in sales (and that was back in 2017).
Source: Celebrity Net Worth