As much as you want to land in Shark Tank, you must be prepared for any sort of outcome. Take every response professionally. Some of these deals just don’t add up. You all want a business with good money flowing with ease and abundance, specifically Shark Tank, it is a two way traffic, invest cash, get to fill up your pocket and vice versa. Bestsharktankproducts.com helped us rate the 5 worst shark tank products of all time. Let’s have a look at some of the shark tank deals that completely fell of the edge of the business.
Apparently this company had some fetish for toys, they even developed the name Netflix of toys. The deal seemed to be good as the customers had the privilege to rent their toys monthly. Was it not a good deal, in fact it would rid of the toys in the hose as you know children just can’t get enough of toys and it is directly promotional to the rate at which they get tired. Turns out the deal were a total flop. This was after filing up for bankruptcy resulting to a huge loss for M.C. Cuban and O Leary having invested $200,000 for 35% equity.
After all the agony and torment of losing weight Jack Barringer invented something to help him out. His doctor had authorized him to lose some weight and doing some pushups was one of the recommendations. It happens that his urge led him to coming up with a machine to help him get going in a much easier way. Well, it did start well because Jack got $180,000 invested in his company and also got to lose some weight but Shark also has some money lost in it too, so sad. It happens that after gaining some invest the business deal just collapsed with no good reason. According to Shark Corcoran and Kevin, this is one of the worst deals they put some money in.
The You Smell Soap.
With such an attractive name for the product, the deal ended up to you smells bad. Wait, just being sarcastic here.Megans luxury soap company got itself some $55,000 invest money from Shark Robert more to that she earned a promise of a monthly salary of $50,000.However thing didn’t ran so smooth, she ended up rejecting a $55,000 contract from Shark Robert. Although the company has been able to get back on its feet, it is still ranked as one of the worst deals in Shark Tank.
The Sweet Ballz.
Having consumables into the business is one of the most brilliant ideas one can have. Almost everyone loves cake and this cake balls were worth some invests. Sadly, after the two business partners, Jack M.C. Donald and Cole Egger had some issues .Their deal was so good that M.C. Cuban was ready to put some good $250,000 for their cake balls, a 25% of their company. It eventually got worse when these two partners got into a law suit just after taking part in a show. This deal remains to be one among the most embarrassing outcomes so far.
The Hilly Billy
If you really are planning to land in shark tank then you really need to take it more seriously. It is not just about going public or getting fame but getting to venture into serious business. So this two people Mike and Shon come up with a cloth line, they are lucky enough to get some $50,000 in their business being a 25% stake in their company. However the deal was just a game, apparently they just wanted to be on TV for free advertisement. Really, that is so unprofessional for aspiring entrepreneurs.
Having gone through this, you realize some seriousness and commitment is needed for this Shark Tank venture and some good money is at risk, so you need to up your game for this.…