Follow us on Google News
Get the latest updates directly in your Google News feed
In the high-stakes world ofShark Tank, investors often back out of deals for a variety of reasons, citing everything from financial concerns to market saturation. In fact, the show’s investors, Mark Cuban and Kevin O’Leary have been known to frequently pull out of pitches for strategic reasons. While they have had their own reasons for it, Lori Greiner simply refuses to accept one rationale that they constantly use.
With Greiner being known for her empathy and deep connection with young and budding entrepreneurs, her perspectives have set her apart from her fellow sharks, making her stand firm on businesses with a solo concept.
Lori Greiner’s reasoning for picking up businesses focusing on one product
Ever since Lori Greiner joined the Shark Tank team, the 54-year-old has taken many risks with young entrepreneurs, which luckily worked out for her. In fact, some of her most successful investments have come from single-product companies. However, the businesswoman’s fellow sharks do not always agree with her decisions. WithMark CubanandKevin O’Learyfrequently avoiding businesses centered around just one concept, Greiner has explained why she does not agree with their stance. In an interview withInc, she ended up sharing her reasonings.
I don’t agree with Kevin and Mark, just a product like Drop Stop has done $12 million [in sales] in just under three years. Just a product like the Scrub Daddy has done $50 million in sales. If you have one genius product and good entrepreneurs, you can turn that one product into a huge success and then of course continue to grow your business by creating other products.
Greiner continued,“You don’t have to stop and be a one-hit wonder. It’s so much easier once you’ve taken one product and made it successful to then start to think of other products that can follow along in the same product line, and I recommend that.”After all, for the star, it had all worked out rather well in her books.
Shark Tank Judges Ranked as Per Their Net Worth
Apart from explaining how her fellow sharks had missed out on some epic products over the years, the inventor also wound up following inO’Leary’s footstepsand dished out some advice for future entrepreneurs who wanted to pitch on the show.
Shark Tank investor Lori Greiner shares her top pitching tips
Ever since joiningShark Tankin 2012, Lori Greiner has made quite a few successful investments. One of her best-known successes is Scrub Daddy, the smiling sponge that became one of the highest-grossing products in the show’s history. However, her list is a lot longer. The businesswoman has proved that she has a knack for knowing what product would work. In fact, she even ended up giving young entrepreneurs some pitch-improving tips during the same interview with Inc.
If they have a demonstration, which most everybody does, they should do that demonstration quickly, concisely, and in an exciting manner so that we get drawn in.
Apart from advising everyone to keep things exciting, Greiner also gave fans insights into what she looked for in a pitch. The 54-year-old ended up adding,“To me, a great pitch is when the person can describe what their business or product is within two sentences, so we really get what it is quick and fast.”With the inventor having been through the wringer herself when she founded For Your Ease Only and even sold her patented creation to J.C. Penney, fans could learn a thing or two from her.
For Those Reasons, I’m Out: Shark Tank Reject on Male Self-Care Even Mark Cuban Wouldn’t Invest in is Now Worth $100 Million
After all, with the investor, Greiner helping various entrepreneurs reach heights they never thought possible, her advice could just be the way to go.
Stream all 16 seasons ofShark Tankon Hulu
Prathika Prashant
Articles Published :192
With over three years of experience in the field of writing, and a knack for storytelling, she dives into the pop culture world to provide fans with insightful updates and engaging narratives worldwide. Her articles add a dash of insightful commentary and a captivating narrative to ensure that readers get the whole story. When she is not working, you can find her browsing new music or going down a rabbit hole of old timey sitcoms and more.
More from Prathika Prashant
Yoko Ono Tried to Warn John Lennon That His Life Was in Danger But The Beatles’ Lead Singer’s Response Will Leave You Speechless
“The girls had to be young and hot”: Sean Diddy Combs Allegedly Had One More Strict Rules For Female Guests at His Parties
Donald Trump vs Mark Cuban Net Worth Face-Off: Can the Richest Man on Shark Tank Beat the Rich Legacy of Trump?
Recommended
Good Boy Director Explains How He Made His Dog Act in 2025’s Most Inventive Horror Movie
The Terminal List: Dark Wolf: Luke Hemsworth Reveals Marvel Link That Sneaks Into His Dark Wolf Role
The Batman 2: Is Zoë Kravitz Not In the Robert Pattinson Starring Sequel? Reports
17 Years Later, This Iron Man Scene Was the Darkest MCU Moment No One Realized
When Is Absolute Flash #6 Coming Out? Release Date, Plot Prediction & Everything We Know
‘The Serial Killer’s Apprentice’: How Dean Corll Was Murdered by His Own “Friend”
Kevin O’LearyLori GreinerMark CubanShark tank
