Get On The Shark Tank

How Do I Get On The Shark Tank?


 Here are a few hard facts you need to consider before you apply for ABC's "Shark Tank Show". This show is owned by the Walt Disney Internet Group which controls several Internet Properties including ABC.com, ABCNEWS.com, Disney.com, DisneyShopping.com, GO.com and Movies.com to name just a few. Getting on the Shark Tank as you might expect, you will be entering into a legal business contract which high paying lawyers made sure Walt Disney Internet Group is covered for anything imaginable. The "Terms of Use" that you must agree to before they will even consider you as a contestant, is located on Disney's Corporate Website.

Baring hiring a lawyer to explain these rather lengthy contract terms, the short story is THEY MAY TERMINATE YOUR ACCESS OR CHANGE OR DELETE CONTENT OR FEATURE IN ANY WAY, AT ANY TIME AND FOR ANY REASON OR NO REASON. Bottom Line, from a legal stand point if something should happen and a deal goes South or they decide not to air your product or service, your basically S.O.L.

E-Mail Submission To The "Shark Tank"


Applying to get on the Shark Tank is a rather easy process. However, how you plan your first audition for the Shark Tank producers will greatly increase your chances of getting on the show.

Shark Tank's email address is SharkTankCasting@yahoo.com. You'll need to include your name, age, photo of yourself, your contact information and a brief non-confidential description of your business product or service. At this point it's not really want you value your business idea at, but how innovative your product and you as a contestant is. Does your idea appeal to the masses? What's the price point and how much is your net income?

 It's amazing how many people go on to the Shark Tank with very little sales and value their business at some ridiculous over inflated market valuation. This strategy will only give the Sharks a bad taste and a not so pleasant time within the Shark Tank.. If it's a great idea but few sales to back it up, expect to get an offer from the Sharks where they want a larger percentage of the business, patent or product.

Thing's You Need To Consider If The Shark Tank Is A Good Fit For Your Business


- Did you know if you make a deal with the Sharks you are also obligated "under contract" to give the producers of the show either an additional 5% stake in your business or a 2% royalty fee for the life of the company. You must keep this in mind when you are negotiating what the Sharks are asking for. If the Sharks are asking for 44 1/2% of your business (or greater) and you agree, you just gave up controlling interest in your company if the Sharks and producers combine their shares in your business.

- I made a deal with the Sharks. How long does it take to actually get the money? If you happened to try and read the two dozen page contract you signed to get on the show, you will see they have covered all the bases. The Sharks have a full 90 days to do their due diligence to verify everything you said about your business/idea. If you said you have an exclusive patent of a particular product, you can bet they will have a team of experts verifying this. Same goes with sales, marketing and even your bank statements. Anything that doesn't add up gives the Sharks the legal right to back out of the deal or opens it back up for further negotiations.

-I got on the Shark Tank. I'm so excited I want to tell my Friends what kind of deal I made with the Sharks. Just like most reality shows you're obligated to keep quiet until it officially airs on T.V. How do they make sure you don't talk to anyone? Not even your spouse? In that original contract you signed before the show, you also agreed you will not tell anyone the outcome or you'll will be subject to a $5 Million Dollar Fine.

- I wasn't able to strike a deal with the Sharks during the show but was approached later with another offer. Can I still make a deal with one of the Sharks after the show?

 Yes. But you are still under obligation to give the Shark Tank Show a piece of the company/product for a full year after it airs on ABC.

-You get a call from the producers you got a featured spot on an upcoming show. You spend countless hours rehearsing and perfecting your sales pitch to the Sharks. The producers ask you to send in a video of your sales pitch which you gladly do. Weeks go by as the anticipation builds, then they finally give you a film date when they will be filming the episode featuring your company.

Now you're really excited and all you can even think about is what it will be like standing in front of the Sharks making a deal of a lifetime. Your date is getting really close when you get another phone call from the producers saying they just moved your business back to a later episode in the season.

 It won't be for another two months before the filming. You have no choice but to bite your tongue and keep your anxiety in check. You keep working harder on your sales pitch trying to convince yourself that this will all pay off in the end or all the hoops that the Shark Tank producers are putting you through. Your date with destiny is almost here. You finally get another call from the producers expecting them to tell you to pack your bags.
 Instead they tell you they now have too many slots for that production and you were eliminated from going on the show. OUCH- talk about a financial roller coaster that went flying off the tracks. You MUST BE willing to go through all of this and still not end up on the Shark Tank.

This is actually a true story. Really a story everyone that wants to Get on the Shark Tank needs to read. If you're not ready for this type of rejection after being lead on for so long, it could destroy your entrepreneurial spirit if you let it.

Fortunately for Jack Scalfani of TheBestSauces.com is no quitter. He may of not made it on the Sharktank (yet) but this is One Contestant I Will Always Remember for how close you can go and still not get on the show. Even if Jack never gets on the Shark Tank Show he has such a unique product that would do very we'll if he used a Crowd Funding Website to get fans around the world.


Shark Tank Success Goes #1 In Prime Time

 
Shark Tank airs on Friday Nights in the highly competitive time slot. ABC has now emerged as the clear winner with Shark Tank being the #1 T.V. Show for the prime time category catering to the adult 18 - 49 years age group. Entrepreneurs form around the country are tuning into the Best Reality Show (in my opinion) that has ever been made. If you have a great idea or a business that's ready to go to the next level, you have a Great Opportunity to get on the Shark Tank and become a star in your own right. You are just one email away from making your dreams a reality.

Visit ABC Shark Tank Casting Website

61 comments:

  1. Almost every day a different person tells me I need to be on Shark Tank. I always respond with a "I know, wouldn't that be awesome?!" but in reality I believe that chances of even getting the emails I send in read are slim -- I feel like you have to know someone or get very lucky. My product is unique and definitely different from anything else that has been on Shark Tank -- I don't know what exactly they are looking for, but I continue to try and reach out in hopes of finding the right connection.
    Vicki www.flipzles.com

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    1. Anonymous5:58 PM

      just looked at your product, you absolutely should try to contact Shark Tank. It only takes about 5 minutes to send the email, what's holding you back? They approve new children's items often. So you don't know anyone, so you don't feel lucky- still you're not losing anything by sending the email. If I was an investor, I'd be all over this.

      Delete
    2. Anonymous1:16 AM

      Hi Vicki,
      I was curious when the person above agreed with what you were saying about going on shark tank so I went on your website. I think you have an amazing product. Really creative and unique. I have a 2 year old who would love these. I think you would do really well on the show. Good luck to you!

      Delete
    3. Anonymous12:20 PM

      agreed! u should go..I think it would definitely get you a deal!

      Delete
    4. Anonymous12:50 AM

      I was a professional Nanny for over 20 years and would have loved these puzzles with all of the kids, including my son who is now 19. They are really cute and affordable for a good quality toy. I think you should go on Shark Tank too!

      Delete
    5. Hi Vickie, I just ordered a puzzle for my girlfriends little boy! I love the idea of your product and he loves and wants to be a fireman, so this will be a great gift.
      I also have a unique product called Save the Veil at www.savetheveil.com I have been a wedding planner for 20 years and watched way to may beautiful veils blow out of control during the wedding ceremony, so I created beautiful pearl and crystal Veil Weights to hold those veils down. They are not permanent and slip on and off very easily.
      Everyone also tells me to try out for Shark Tank. I have only ever seen one other "wedding related" product on the show and everyone loves weddings...so I am thinking about it. Thank you sharing your product. If you are like me, I am a one man band for the most part and trying to get this bridal accessory out to the world in NOT and easy task.

      Delete
    6. Anonymous11:29 AM

      What would you do?
      What is the best way to negotiate a deal for a new product ( idea ) that has a patent, yet never produced? Do you ask the sharks for any money upfront to have it made, or do you only ask for their assistance in getting it licensed and offer them a percentage of the royalties if they like it?

      Delete
    7. Anonymous12:59 PM

      I would love the exposure for pottipocket.com - the safe, secure and sanitary place to put your cell phone while using a public or portable restroom. Just not sure where to start! I would love your help.

      Delete
  2. I'm om to bigger and better thangs,how do I get on to talk about XS Energy Drinks?I'm on youtube(Sean Felder XS Energy Drinks)

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    1. Anonymous11:00 PM

      XS energy drinks are sold and distributed by and through Amway Company. What kind of a scam are you trying to pull?

      Delete
  3. hi I do not want to be on your show.. I just wanted to comment in the bibs that Susie and Steve Taylor was showing you. Too bad they could not make them for seniors in the nursing homes.. We could certainly use them there.

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    1. Anonymous3:03 PM

      I make bibs for young adults, seniors, disabled, etc. I am in the process of getting a patent for my design. Wait for it..........

      Delete
  4. Anonymous8:35 AM

    I believe the bibs that Susie and Steve have also come in smock sizes.... I actually am dropshipping their products and may add the smock size to my ebay store, you can see them at http://stores.ebay.com/carols-one-stop-children-shop-plus

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  5. Love the show... I too am constantly being asked by people "why don't you go on the Shark Tank". It seems tempting but seeing how they beat up valuations on even proprietary (patented) products and often go for a large share of ownership for lower dollars, I just don't think I could do it. I know there are pros and cons to the arrangements but with our growing success at this point, I just can't see it being beneficial. Besides, my product is primarily geared toward babies and toddlers so the limited demographic makes it a tougher sell in that environment, imo.

    Pete Draganic
    reflo.net

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  6. You tend to watch the show but you don't see the real hustle behind it...

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  7. Purse Pal Safety Strap8:31 PM

    I too love the show, it gives hope to a person like myself who has big dreams that they just might come true. I also have lady's telling me at every craft show that I should put in a application to the Tank my response, I have still waiting.

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  8. Purse Pal Safety Strap8:50 PM

    I also love this show !!!! it gives me hope to know that even the regular person has the chance to succeed if they keep moving forward.

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  9. The big scam here is that the show itself is a business that creates it's own vast portfolio by acquiring small parts of these companies without investing a dime. I almost think in many scenarios, you would be better off going on the show and completely overvaluing your company so you don't make a deal (and therefore don't give up any equity/royalty to producers) and get the publicity anyway. (This is assuming they don't give up anything if they don't strike a deal)

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    1. Shark Tank wanna-bee4:34 AM

      Scam seems like a really big word when they are giving you access to over 6 million people in a single night. If it was not for the shark tank some of these products would not even exist.

      As far as overvaluing your company so you intentionally do not makes a deal you may want to re-read the article above that states "It Does Not Matter". All companies on the show now have the shark tank producers as an investor irregardless if a shark gets involved or not. Depending on the product or service it will range between 2-5% which is very cheap considering that business will forever be tied to the best show on television.

      Strategic partnerships is what the show is ALL ABOUT!

      Delete
    2. We're struggling to get exposure in our neighborhood. I would give 5% of my company to get exposure in 36 countries.

      Delete
    3. Anonymous9:26 PM

      i thought exactly what you are saying i agree i JUST NEED THE EXPOSURE and ill make it from there.
      i would network my way to strategic partners, write a bomb business plan and solicit investors/banks and do crowd funding, Rather than give so much owner ship of my hard work sweat tears and passion away to some stranger who didn't do nothing but play a middle man (producers) . There has been many companies successful after gaining a deal on the Tank but after paying back the sharks you still have the (producers) to answer to for the life of the business. What people fail to realize product or service if you "fail to plan you plan to fail" and people dont know the business fundamentals so they spend all there business credit cards and family loans on things useless that could have been avoided if they knew what it take to run a business so they fail . And then become desperate for funding from any were no matter how much control they have they just want to see there "BABY" come to life. It takes money to make money and Iv taken a year to really learn business management & marketing inside out before launching my business Winter 2014. I failed once and learned from it and never plan to go back. I read and teach my self everything " Formal education will gain you a living, but self education will gain you a fortune" . POINT IS BEFORE STARTING AND SPENDING ANY MONEY ON A NEW BUSINESS ADVENTURE WITH A SERVICE OR PRODUCT LEARN THE INS AND OUTS OF BUSINESS IT SELF. WOMEN GREAT BOOK IS " A GIRLS GUIDE TO STARTING A BUSINESS "

      Delete
    4. Anonymous9:16 AM

      5% IS NO LONGER PART OF THE CONTRACT. ITS 0%.

      Delete
    5. Anonymous1:41 AM

      Anonymous... you seem angry and condensending in how you execute yourself. Not sure why but seriously you seem to be a know it all. Just sayin...

      Delete
  10. Do you feel your chances are better at an open casting vs. email? My company is call Greenie Tots. We are the first company to make frozen all-natural meals for kids that are meat-free, but kids can't tell. We base all meals on traditional kids favorites and include meals like Cheeseburger Quesadillas with Sweet Potato Fries, & Pasta & Spinach Marinara with Meat-style Grounds. People always say we are perfect for Shark Tank. I appreciate you thoughts on live casting vs email. Our website is
    www.greenietots.com

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    1. Anonymous1:25 AM

      I think your product looks tasty and great, but the cost WAY too expensive! $40 for 5 little dinners after shipping! YIKES! Even for the convenience and health factor...I can buy vegetarian "adult" dinners for less (which would probably be 2 kid servings) and get take out from a health food restaurant or cook myself for less. Half that price and in stores with no shipping and I would buy them.

      Delete
  11. Anonymous8:40 AM

    Like some of you on here....I hear it all the time, why haven't you gone on shark tank? I've emailed as well and still haven't gotten on. I was wondering the same thing as greenietots...is it better to just show up for an open casting? Our product is a baby product too...visit us at www.babyheadup.com. It's an innovative and mom invented product!

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  12. Anonymous11:46 PM

    Kevin is getting too predictable and boring

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  13. I was wanting to know about the first audition. I plan to be in line for the open auditions in Dallas on Saturday. Do I need to bring my whole setup or just a sample of what I sale? Pretty much everything I've been hearing is what to expect once you get one the show. They say we have one minute to pitch our product, that doesn't give much time for display. Help here. Our website is www.mysleev.com our product in made in America by the blind and visually impaired and to their correct their manufacturing standards are one of the highest in the nation.

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  14. Well that was fun. Open casting for Shark Tank. The time spent in line allowed all of us in line to enjoy learning about one another's product. We talked about what is working in the marketing arena. I spent just over a minute pitching. We were asked a lot of questions and told that they will contact us if interested before we went in. This was a blanket statement. One man said he had been there the year before and they said it would be a week or two before they got back with anyone. It was truly a good experience I'm glad I had. Learned a lot and met a lot of fun and innovating people.

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  15. Anonymous8:40 PM

    I received a call from Shark Tank and they told me to make a video and send it to them by Monday. Does anybody know exactly what they are looking for? I appreciate any input. MJ

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    1. This comment has been removed by the author.

      Delete
    2. Anonymous12:56 PM

      Have you sent your video yet? We had the same response but no word yet. Just curious as to your experience. Thanks for your reply.

      Delete
  16. Anonymous8:32 PM

    Your presentation. Just imagine you are there and film yourself giving your presentation.

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  17. This comment has been removed by the author.

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  18. We sent our application/video in just about a week ago. With all of the preparation and anxiety we're going through, we're perfectly fine with the chance that we may not even get a call back.
    www.handable.com

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  19. Anonymous11:22 AM

    Hi my name is Rachelle Lily Pobanz-Pawlak. Do youn know if anyone has the idea to make a machanical pet? thank you Rachelle Lily Pobanz-Pawlak

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  20. Hello! Thanks for the clear information! I love SHARK TANK!
    I want to go on the show someday! I will be sure to get my numbers RIGHT before taping!
    Lisa
    We Said Go Travel

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  21. Anonymous7:40 PM

    The asked me to submit a video and information about 2 months ago. I haven't heard anything back - good or bad. Do they just not contact you at all if they aren't interested?

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  22. So how or where does someone learn product marketing? We're experts at manufacturing products for other companies, and have had ideas for our own products, but have had trouble trying to wrap our heads around the marketing (short of actually hiring someone for this purpose). We can make it, but don't quite know how to sell it...
    Suggestions are welcome!
    John at FedcorGlobal.com

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    Replies
    1. Anonymous6:08 AM

      I have the same problem, I created a product, thought I could easily sell on website, however I have no traffic, I have no idea about marketing either and don't have the funds to hire anyone.
      Let me know what you find out.....PLEASE!!!!!!
      www.heartitbands.com

      Delete
  23. Anonymous5:58 PM

    Hi

    Can someone describe the whole process from sending an email to actually being called in to pitch to the Sharks? Also how does one learn about the open casting calls and where they are held?
    THanks in advance!

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  24. Anonymous2:22 PM

    Rather than keep people waiting it would just be courteous to write on the main website for ABC that casting calls have been concluded and the contestants for season 5 have been selected.

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  25. Anonymous8:07 AM

    I have an idea that will make millions of dollars and could strong arm every business that uses the current system for what ive developed an improvement for to use my product or be seen as planet destroying monsters. I AM NOT CRAZY...Please help me with this venture. Its a slam dunk. My boss said if they develop it while im an employee it belongs to them. The interest is already there.

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  26. Anonymous2:09 PM

    I tried out in DC last week. After my pitch, they took down my number and email and said they would contact the people they select this week... it's Friday and I'm hoping to hear from them before the end of day. www.kellysdelight.com

    ReplyDelete
    Replies
    1. Anonymous11:29 PM

      I like your product idea, but your packaging needs work, I think. If you packed in ketsup-like packages so I could just slip some into my purse or pocket, I would definitely buy them. I'm not going to carry one - like of your bottles around with me, though. Other really hip, clever packaging would help a lot Mio uses. Good luck.

      Delete
  27. I think the Video you send in should be the "elevator ride" pitch! You know the story....lets say you happen to ride down from the 13 th floor (lol) with Mark Cuban. You've got 12 floors to convince Cuban to invest in your product. You better get your point across fast! With these people time is most important! Make your pitch short and sweet!

    "My product fits the stem socket of a 100 Million bicycles. The conversion kit turns every bike into a dual drive total fitness bike. You pedal with both you arms and your legs for a cross fit total work out! It gets you out of the gym to enjoy the outdoors"! That's my elevator ride pitch, my video will be two minutes! What do you think?

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  28. I also get the same "you should go on "Shark Tank" comment. I have a patent pending on my product Mobile Attaché. I have registered the trademark and my attorney says he does thousands of patents and thinks mine is awesome. I have only been selling my product for about 8 months, but it seems that everyone who sees it wants one. My problem is marketing my product. I'm on Amazon.com, have my own website, and have great gift show sales. I enjoy and need to know the public response to my product and doing the gift shows helps me to understand if the product is being well received. My first gift show was to retail outlets at Dallas World Trade Center. Although I feel like I did well, I think I need to offer a better way to display the product. I have since sold my product direct to the public at bazaars, festivals and direct sales. I have faith in my product. I named my company after my mother who was also a woman of great faith. She would be proud of that and told me I could do anything in this country if I worked hard enough. I feel like I have a great company to pass on to my children and grandchildren.

    I'm afraid my age would be a negative to the "Sharks". I'm sure not in that 18-49 demographics, but have owned several businesses and invented other products. I'm ashamed to say I've only watched the show about twice. I'm usually in my "sweat shop" or setting up for a gift show on Fridays.

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    1. Anonymous7:03 PM

      Linda...I hope that you jump into the tank. Have faith, I will say a prayer for you!

      Delete
  29. I have sent a couple of emails to the producers to apply for Shark Tank, but knowing they probably receives hundreds emails from hopeful entrepreneurs a day, my chances of getting on via an email application are slim to none.
    I am seriously considering going to ABC in burbank and trying to sweet talk my way onto the show. I have nothing to loose, and so much to gain... why not!

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  30. Melissa4:58 PM

    Hi. I'm going to an open casting call in Atlanta on Saturday. Does anyone know when I should get there? It starts at 9:00am. What is the turnout? Should I get there the day before and camp out or several days before, or a few hours? They only give out wristbands to 500, which makes me think thousands show up, and I want to make sure I get there early enough for a wristband.

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  31. Anonymous10:48 PM

    If someone disclosed true financial income numbers that did not agree with their personal tax returns on Shark Tank, what would happen? Is there a risk of throwing oneself into an IRS audit? This being Channel 7 with millions of viewers...

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  32. I have a national newspaper idea that I am currently developing the business plan for. It looks great, and will be part of the re-invention of the print/advertising industry. I currently own a newspaper and a radio station (including a syndicated newstalk show boldrepublic.com) and am looking at expanding to a newspaper (can't say any more) in every major metropolitan area in the nation (and beyond?)

    The problem is, the big boys of the industry (Lee Enterprises, etc.) would love to get their hands on it. It would sling-shot their current losing businesses. Problem is, there is no way to copyright/patent this print newspaper concept, so we would need to start in multiple places at once, maneuvering to a position of creating a solid infrastructure so that if anyone starts up in a city before us we could come in and take the market.

    I am worried that by presenting the idea live on the show and it gets denied, that my would-be competition (with much deeper pockets) would sweep up the idea and I am out of what would have been millions.

    My question is, can you get a private presentation, or not. I would love to discuss investments in the company, but am not willing to get the idea stolen from me by a major print industry company just because they watched the show. Could they listen, but not air the show (again, to not let everyone know about the business) if they deny it?

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  33. Many People always say that I should go on Shark Tank with my invention which is a business professional necktie that keeps you warm in the winter and also can charge your phone, ipod or other USB device. YouTube The Hocoo Comfort Tie and let me know your thoughts.

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  34. Anonymous6:12 AM

    Guys i am from Europe, does shark tank accept non - us people, or do i just got to have some company opened in America and i can partecipate on the show?

    Thanks!

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    Replies
    1. Anonymous2:06 AM

      It says you have to be a US citizen.

      Delete
  35. I watch all episodes even the reruns just to pick up tips I need to move forward in this adventure. My family and friends are also on the "you need to show the sharks this unique necktie and bow tie"! I signed up and I'm not going to hold my breath. What were people doing before shark tank to get noticed? I watched a lady from the audience of a talk show stand up and ask what she needed to do to get noticed and the host directed her to someone they knew could help her! How crazy was that! My website "theun-tie.com" has been getting some good hits, people are genuinely intrigued and impressed, I've gotten responses that my collection is brilliant, the design is patent pending, what am I missing the orders are not matching the visits to the site. The sharks have mentioned on several occasions to utilize the social media, I'm doing that to the point of them asking me to pay something for more exposure.

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  36. Anonymous4:44 PM

    On the show they always mention a product being "proprietary" enough to invest in. How do you personally draw the line on if someone else can reproduce what you are doing? My business is Antiquecandleworks.com and is unique. Would a business like mine be considered not "proprietary" enough for investors?

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  37. I have been told by so many people I should be on Shark Tank. I invented, trademarked and patented my product (Lid Labels), that is selling on Lidlabels.com, but need more funding to expand. I am filling out the application and making my video. I am sure they get thousands of videos. Is there a way to follow up a few weeks later to find out the progress of my application?

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  38. UCE JUICE is a non carbonated healthy functional juice beverage that we like to call a blend of Polynesia! Ingredients that consist of apple, mango, pineapple, noni, tropical banana, and Taro! With that being said, I don't know if it's because people see entrepreneurs and small business owners and bring it up in the conversation like, hey you should go on Shark Tank! Or they just genuinely feel that one's product truly has the potential to become the next Big hit! All in all I hear this comment made regularly by random people all the time. Our concept seems to strike a cord with consumers and it doesn't hurt that the product tastes amazing! (Not a shameless plug by the way lol) We are just 7 brothers who decided to Dare to Turn a Dream into Reality! We refused to continue to be extras in our own movie of life and made a stand to become the starring actors and really take control of our destiny! In all honestly our product UCE JUICE is an extension of what we stand for and represent! We want to motivate and inspire others to believe in the inner greatness that lies within and tap into! No longer should we be afraid of the possibilities but embrace what you were put on the earth to do! Which is shine like the star you are! Check us out at www.ucejuice.com

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  39. If I only have an idea and not a patent on it can it still try to sell it on the show?

    ReplyDelete