There is hardly any reality TV fan who hasn’t watched ABC’s Shark Tank. This is a show where aspiring founders pitch their new business ideas to a panel of real-life investors (or Sharks). They don’t always get the funding, but the fun is unparalleled.
Also, there is hardly something we haven’t seen on Shark Tank throughout the years. We’ve seen simulated scented candles and alarm clocks with alluring scents, each product more unique than the previous. For the best of these ideas, the only thing missing was funding. And the Sharks accepted the challenge.
Not all startups offered equally successful Shark Tank products. Yet, the majority did make it to fame and a well-received product, thanks to the advertising that comes with appearing on the show.
The best Shark Tank products, on the other hand, became historical examples of successful business pitching.
So, which are the most successful shark tank products? Let’s check them out.
Lifetime sales & most successful Shark Tank products in the history of the show
Bombas was created in 2011, on a simple premise. The item people in homeless shelters need the most is socks.
David Heath and Randy Goldberg started a business that produces and donates socks to these shelters. They pitched the idea during the 6th season of the Shark Tank show and got $200,00 for it. In exchange, Daymond John was offered 5% of the ownership but negotiated his way up to 17.5%.
This brand is now a leader in the US, and also produces underwear and shirts.
Shark Tank has seen many original business ideas, but this is for sure the best-known one. The company produces reusable sponges that get soft in hot water but firm up in cold water. The person responsible for this invention is Aaron Krause, who presented this on the show in 2012.
The challenge was accepted by Shark Tank investor Lori Greiner, who only paid $20,000 for a 20% share. The invention turned out to be a gold mine: the successful pitch is now making more than $100 million in sales!
On Shark Tank, we often witness products that may not be pleasant but are useful. In this case, we mean products that tackle our bathroom habits, and thus our well-being.
The mission of Squatty Potty is simple: it fixes the posture on the toilet seat and prevents colon issues and hemorrhoids. Shark Tank investors thought of it as a practical and very efficient solution, and they were right. The company has made almost $165 million in sales.
EverlyWell can sell you a DIY collect lab kit to use at home. The kit is useful for more than 30 types of tests, including COVID-19. This product transformed medical labs and testing as we know them. It made the process easy, understandable, and foremost – inexpensive.
They made their appearance on Shark Tank in 2017 before Covid was even a topic. In the meantime, they also developed tests for colon cancer screening and became leaders in their industry. Lori Greiner was fascinated by them.
Food is one of the things we like to see the most on Shark Tank. This company, for instance, makes simple mini bagels filled with cream cheese. Not genial, you’d say. And yet, it turned out to be a multi-million business!
Shark Tank helped Bantam build a partnership with Starbucks. Nowadays, you can find bagels in almost any grocery store in the US!
On Shark Tank, we saw another common problem addressed: Beach towels! Sand cloud produces thin towels made of Turkish cotton that can fit inside any bag. They were already working when they appeared on Shark Tank, but this was their key success factor.
Robert Herjavec offered $200,00 for 15% ownership. His decision was very smart, as the company grows very fast, and has $6.8 in revenue per year.
Thanks to Shark Tank, we got to discover The Simply Fit Board. What is a simple board of plastic is a tool that stabilizes the body and keeps you in shape. We might not have believed this before Shark Tank, but we certainly jumped on the bandwagon after it!
Currently, Simply Fit Board is sold all around the world. Their sales jumped from $575,000 to an incredible $9 million after only one appearance.
The Comfy is something everyone could use – a comfy, wearable blanket. It is not only practical but also fashionable. It comes in all designs, styles, and fabrics. Statistically, it is the most copied product to have made an appearance on Shark Tank.
All investors wanted was $50,000. Barbara Corcoran offered this happily and got 30% ownership in return.
Have you ever dropped your phone under the car seat? Well, here comes a solution.
Drop Stop is a gap-filling item you can place between the car seat and the central console so that things don’t keep sliding underneath. And don’t worry – a gap for the seat belt is still in place!
The big break for Drop Stop happened almost immediately on Shark Tank. Lori offered both funding and expertise and got a 20% share in exchange. It was a very good call, as the company makes $24 million+ in revenue.
Stasher Bags played the environment-friendly card. They offered to replace ordinary plastic bags with reusable silicon bags. You can pack anything in them: fruits, sandwiches, or vegetables. You can use them multiple times, and even repurpose them for other items.
The experts on Shark Tank were confident about this and for a good reason. Only in its first year of existence, this company made over $1.6 million in sales. The bravest Sharks were Nouri and Mark Cuban. They invested $400,000 and got 15% equity in exchange.
What if your phone charger was also a UV sterilizer that cleans your phone? Sounds amazing, but PhoneSoap did it! Their product is proven to kill 99,9% of all germs on the screen and does so while you charge the phone.
Lori Greiner adored this idea and offered $300,000 for a 10% share. Nowadays, there are multiple budget-friendly products you can choose from.
When Robert invested in Tipsy Elves, he didn’t invest in a product. He invested in the creators.
The idea of producing ugly Christmas sweatshirts was greeted with lots of enthusiasm. The company keeps growing and recorded even $125 million in sales so far. Well, Robert, you made a great decision!
Sleep Styler’s foam hair rollers took us down memory lane. Their rollers are comfy and heat-free. You leave them on overnight, and you wake up with beautiful curls. This way, ladies can save both time and hassle before going to work.
The Shark Tank expert to invest in the idea was Lori. She got a 25% stake for a $75,000 investment.
ReadeREST introduced us to sleek, barely noticeable holders for our belongings. In these, we can store our keys, IDs, or earphones. It may not be the most genius invention, but it is something we never knew we needed.
Case in point: ReadeREST proved to be one of the best Shark Tank products ever. It only took them two years to reach $1.5 million in sales.
Bala Bangles produces wrist weights. Nothing new, of course, but they look adorable! You can get one in any color or pattern you want, and you will be surprised by how comfortable they are.
Both Mark Cuban and Maria Sharapova wanted a share. They invested almost $1 million for 30% ownership.
Lollacup is nothing more than a flexible and reusable straw. The catch, however, is that it replaces phthalate and BPA alternatives, and does so for a portion of their price. The product was invented and presented by Mark and Hanna Lim.
These products caught the eye of Robert Herjavec and Mark Cuban. They invested $100,000 for 40% equity, and it paid out. The business is now called Lollaland, and it also offers baby bottles, plates, playmates, and more.
Interestingly enough, BedJet wasn’t approved by any of the Shark Tank experts. And yet, didn’t take long for the founder to prove them wrong!
18 months later, sales reached $3 million.
The Ring enables you to follow who’s at your front door with motion-sensing technology. The idea belongs to Jamie Siminoff. He appeared on Shark Tank in 2013 to present his video doorbell but was met with rejection.
This case proved once more how wrong investors can be. This product was purchased by Amazon for $1 billion and is now bringing them million in sales every year.
If you find the topic interesting and want to read more, check out these products:
FAQ about the most successful Shark Tank products
What are some of the most successful products to come out of Shark Tank?
Some of the most popular items to emerge from Shark Tank include the smiley-faced sponge Scrub Daddy, which can remove grime and adjust to various water temperatures, the Bombas sock line, which donates a pair of socks for each pair purchased, and the Simply Fit Board, a balance board that encourages users to strengthen their core and balance.
How did the Sharks evaluate and invest in these successful products?
The Sharks assess products based on the entrepreneur’s pitch as well as variables like market potential and sales history. They take into account the product’s differentiator, the market, and the entrepreneur’s capacity for business expansion. Once the Sharks have made their decision to invest, they frequently agree to a stake in the business while assisting the entrepreneur with distribution, marketing, and business strategy.
What factors do successful Shark Tank products share?
A distinct selling proposition, a sizable market, and an ardent entrepreneur are frequent characteristics of successful Shark Tank products. They frequently propose an original answer to a problem that is widespread. Also, profitable products from Shark Tank have a strong business plan and a defined road to success.
How much revenue have the most successful Shark Tank products generated?
Millions of dollars have been made by the most lucrative Shark Tank products. For instance, since making an appearance on the show, Scrub Daddy has made over $209 million, and Bombas has made over $225 million. These goods’ cutting-edge designs, premium components, and savvy marketing tactics have made them successful.
How have the businesses behind successful Shark Tank products grown and expanded since appearing on the show?
Numerous companies that manufacture popular Shark Tank items have seen substantial development and expansion after their appearance on the program. For instance, Scrub Daddy is now sold in well-known stores like Bed Bath & Beyond and Walmart. While Simply Fit Board has introduced a digital fitness platform, Bombas has expanded its product line to include apparel and accessories.
What lessons can entrepreneurs learn from the success of Shark Tank products?
Entrepreneurs can learn that success requires a distinctive and inventive product, a strong business plan, and a passionate desire. They can learn the value of networking, branding, and marketing as well. Also, they can learn how to persevere and be resilient in the face of setbacks and failure.
How have the Sharks themselves benefitted from investing in these successful products?
The Sharks have benefited from investing in popular Shark Tank items by getting a return on their money, obtaining recognition for their own brands and businesses, and forming connections with prosperous businesspeople. Also, they have increased the size of their investment portfolios and acquired significant business expertise.
What makes a Shark Tank product stand out and become successful, as opposed to those that fail?
A Shark Tank product distinguishes itself and succeeds when it provides a special solution to a widespread issue, has a compelling and convincing pitch, and is supported by an enthusiastic and motivated entrepreneur. Successful goods frequently have a clear route to profitability, a strong business plan, and excellent marketing techniques.
How do successful Shark Tank products compare to other products in their respective industries?
By providing a special and original solution to a typical problem, successful Shark Tank solutions frequently stand out from competing items in their respective industries. They frequently have a gripping backstory and the support of an ardent businessperson. Successful Shark Tank goods also frequently have a strong brand and efficient marketing techniques that set them apart from rivals.
What impact have successful Shark Tank products had on the economy or society as a whole?
Through generating income, jobs, and increased consumer spending, successful Shark Tank products have had a huge positive economic impact.
Additionally, effective goods frequently provide solutions to frequent issues, simplifying and improving the lives of consumers. For instance, the Scrub Daddy sponge has gained popularity as a common home tool, which makes cleaning easier and more fun.
Similar to how Bombas socks have grown in popularity as gifts because of their philanthropic contributions, they have also contributed to bringing attention to homelessness. Therefore, through providing creative solutions and humanitarian endeavors, successful Shark Tank goods have not only had a great impact on the economy but have also had a positive impact on society.
So, which is the best Shark Tank product ever?
All criteria accounted for, Bombas is the leader on this list. It raised the most money, and it performed the best after the show. If anything, this successful Shark tank product managed to expand in other areas. Nowadays, there is almost no one who hasn’t heard of it. Of course, there are other successful products with better lifetime sales, but Bombas has the highest total score.
We will for sure remember also Scrub Daddy, and a few others. There were also some awesome products with a top business model and high prospects. And yet, they didn’t turn into a highly successful business.
The most prominent example of Shark Tank failure is probably Toygaroo. Investors loved the ‘Netflix of toys’. Kevin O’Leary and Mark Cuban entrusted it with $200,000 for 35% ownership, but the company went bankrupt after only 1 year. A good pitch is no measure of company viability.
I also wrote about similar topics like who are the sharks on Shark Tank, who is the richest shark on Shark Tank, how much the sharks make on Shark Tank, the Shark Tank members’ net worth, and how Shark Tank works.