Bobby Bones was on TikTok and saw a video claiming that the 'Scrub Daddy' was the most profitable Shark Tank product of time. So he did some research to find out if the video was actually true and what other products make the top profits list.
For those that haven't seen or heard of Shark Tank, it's on ABC and it's an entrepreneurial-themed reality show that brings on big dreamers to pitch their ideas and products to a team of sharks - tough, self-made, multi-millionaire and billionaire tycoons.
The most successful products from the TV show range from sponges to something you use with your toilet. Here's the list:
1. Scrub Daddy
The Product: A reusable super sponge in the shape of a smiling face that gets firm in cold water and soft in warm water. Scrub Daddy has also been lab-tested to rinse clear of debris and resist odors for up to two months. The ergonomic shape is designed to clean both sides of kitchen utensils at once.
Shark that bit: Lori Greiner ($200,000 for 20-percent equity).
2. Squatty Potty
The Product: A personal care company best known for its toilet stool manufactured for easier bowel movements.
Shark that bit: Inventor/entrepreneur Lori Greiner ($350,000 for 10-percent equity).
Sales: Twenty-four hours after the deal, Squatty Potty saw $1 million in sales. By the end of last year... that amount grew to nearly $33 million.
3. Tipsy Elves
The Product: Holiday-themed apparel.
Shark that bit: Robert Herjavec ($100,000 for a 10-percent stake).
Sales: Tipsy Elves raked in $600,000 a year in sales before appearing on Shark Tank and have currently seen more than $50 million in revenue.
The Product: A subscription-based service that allows customers to receive a bound book of high-resolution photos taken from their smartphones.
Sharks that bit: Mark Cuban and Kevin O’Leary ($150,000 in exchange for 80-percent licensing profits).
Sales: A gain of 50,000 subscribers shortly after the pitch. Acquired by Shutterfly Inc. (SFLY) in 2014 for $14.5 million.
5. Buggy Beds
The Product: An early detection and prevention system for bed bugs.
Sharks that bit: All five sharks bit. They are Kevin O’Leary, Robert Herjavec, Mark Cuban, Daymond John, and real estate entrepreneur and investor Barbara Corcoran ($250,000 for 25 percent).
Sales: International growth across 23 countries with sales of more than $1.2 million after the Shark Tank pitch.