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Lifter Hamper Update

Lift Hamper on Shark Tank

Spring Loaded Clothes Hamper -  Season 4 Update
Marvin Phillip's Lifter Hamper season 4
The Lifter Hamper
Finished Product
 I'm not sure how I missed this one, but the Lifter Hamper has to be the coolest clothes hamper on the market that thousands of people with back problems are going to love. The inventor of The Lifter Hamper is Marvin Phillip, a NFL Star who was drafted by the Pittsburgh Steeler's back in 2006. In 2008 Phillip had a back injury that sidelined Him for the rest of the Season when it was difficult just to bend over.

Marvin may not of been able to play Professional Football but that didn't stop Him from helping out around the House including doing the laundry. Having to bend over to complete this task, Phillip reasoned there had to be a better way. What if the hamper was spring loaded going down when you put clothes in the hamper, then rises back up when you take them out? A light bulb went off and Marvin's entrepreneurial spirit took over designing the Lifter Hamper that would make bending over a thing of the past.

Marvin Phillip entered the Shark Tank seeking $85,000,00 in exchange for a 12% equity stake in the Lifter Hamper Business. He was already in the hamper business for 6 months with contracts from two rep firms, but no real sales yet to speak of. With such a cool invention for anyone with back problems, it would seem like a great product for Lori Greiner's QVC Show. But a product that has not proven itself in the market yet, and an extremely high valuation at this point in the game, left Lori very little choice but to go out. In fact all the Sharks go out as it appears Phillip had made the most common mistake for contestants not getting a deal on the shark Tank by over valuing their business.

Lifter Hamper Shark Tank Update

  Marvin may not of got a deal on the Shark Tank Show but the overwhelming positive response from the viewer's convinced Phillip he was indeed to something. Within a few month's Marvin took the Lifter Hamper concept and started a Crowd Funding Campaign at Indiegogo.com to raise the much needed capital to fund this invention.

This time Marvin was more realistic in the valuation of the Lifter Hamper when he set the goal at only $25k. Unfortunately He may of made another mistake for not coinciding the crowd funding campaign with the Shark Tank Effect when millions of people saw this product for the first time.

By the time the crowdfunding campaign ended, the Lifter Hamper raised over $10k with requests for the product still coming in as word was still spreading. Marvin decided to extend the campaign with an additional $2500 goal which ended up raising $4990 by the time it ended.

Here's a video that was just released last month showing the Lifter Hampers finished product.



It may of been a little bumpy ride getting the Lifter Hamper on the market and into the hands of consumers, but it has now become a reality and available for sale.


The Lifter Hamper is now available at Amazon
Lifter Hamper on Facebook
Follow Lifter hamper on Twitter

4 comments :

  1. Anonymous5:01 PM

    Love the product! Just saw this on the tank!

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  2. BILL LEGER1:44 PM

    I AM VERY HAPPY FOR MARVIN PHILLIP WITH HIS SUCCESS WITH THE LIFT HAMPER. THE SHARKS ARE OFTEN SO INTENT ON FEEDING ON THE OBVIOUS THAT THEY MISS THE SCENT OF A GREAT MENU JUST BEYOND THEIR GREEDY NOSES. YES, OFTEN THE S H A R K S ARE JUST C H U M IN THE WATER FOR A GREAT W H A L E OF A PRODUCT.

    ReplyDelete
    Replies
    1. SharkTankFan626:32 PM

      Wow! that is a great post! The Lifter Hamper is a great product! Hope he sells a million of them!

      Delete
  3. Awesome Lori for keeping that line open for him like you said you would! Much success.

    ReplyDelete