What Happened To The Lapel Project After Shark Tank |
Автор: Calidad World
Загружено: 2024-12-11
Просмотров: 8637013
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Sebastian and Raul brought their creative idea, The Lapel Project, to Shark Tank in Season 8. They asked for $150,000 in exchange for 20% ownership of their business. Their product was simple but clever - stick-on satin lapels that could transform an ordinary suit jacket into a tuxedo.
The lapels were affordable to make, costing just $5 each, and were sold at a price of $46. The Sharks were impressed, but only Mark Cuban saw the full potential. He offered $150,000 for 30% ownership, and the duo quickly accepted the deal.
After the show, Mark’s team helped transform the business. They revamped the website, expanded sales to Amazon, and improved marketing.
Mark’s investment and expertise paid off. Within a year, sales surged by over 1000%, and lifetime sales hit an impressive $2 million.
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