Can The Sharks Get Behind Lil Advents? | Shark Tank US | Shark Tank Global

[Music] next up is a product to Aid an important milestone for a [Music] child hi sharks we're the rri family from redon Washington my name's Mindy and I'm Brandon we're seeking $300,000 in exchange for 15% equity in our company little avans sharks let's get down to business and talk about those stinky messy poopy diapers or even worse poopy pantsing it that is nasty but it's so true yep we're talking about potty training we tried everything to motivate our little daughter Ruby from potty training books to potty training charts that even rewards like candy and toys but nothing worked we could not be the only parents struggling with this imagine how difficult it must have been to potty train a little baby wonderful that is a devil child makes you want to adopt what a cutie sharks it was difficult that's why we created Potty Time adventures first toilet training Advent game part Advent calendar and part potty training chart each set comes with 14 hidden wood blocks that kids love to collect and play with all your little one needs to do to earn these rewards is get this make successful deposits hey Bindy that's a great way to say poop and pee why thank you Brandon from farm animals to dinosaurs unicorns with cars and trucks our awardwinning product has the right motivation for every potty training toddler so sharks who wants to help parents ditch those stinky messy poopy diapers and turn those bathroom deposits into bank deposits with little AV all right so let's say baby wonderful takes a what is he get so step number one make a successful deposit you know what that is now okay you find your first potty punch out with the number one find your coordinating sticker okay so your child will take the sticker place it on your first potty punch out and then it's instantly rewarded there you go got baby Wonderful's uh deposited now just you open this up and you get the farm animal yes so that's your reward very excited about it now they're hooked they're like oh I want to get all of my toys so it get a little bit harder row two and three you have to make two successful deposits to get your reward and then the last line you have to make three successful deposits to earn your reward Brandon Mindy I I have three-year-old twins know as you may know I like to take credit for teaching my daughter how to potty that's great cannot get my son to that same point but tell me how you know this works well we have over 1,700 reviews online and we we have a 4.8 star rating that's good how many of you sold we're at 320,000 year today we did 205 last year pretty good and what does each one what does each one sell for and what does it cost you to make landed $24.99 landed 466 oh that's cool so you've got some decent Brandon Mindy tell me a little bit about your background so I grew up in a low income housing it was tough and by the time I got out of high school I had no real direction and you know I kind of lost my way at by the time I was 26 I looked at myself miror I was like man I could be doing better and what I wanted to do was be in business for myself we met in 2008 and within a few years we had three businesses wow we wanted to start an online retail store and so that's what we did we took $300 invested in some product would sell it take the profits reinvested and grew the business and then we built that business to do over $8 million in sales what wow wow and where's that business what were you selling so shortly after we hit that marker uh we realized that that business model was no longer sustainable for one of the biggest selling platforms online which I'm sure you can figure out who that is and then our reluctant potty trainer Ruby starts to come into play so being seasoned entrepreneurs we knew that we needed to create something that was proprietary to us so no one else could basically knock us off yeah and then Brandon thought of this genius idea I was looking at this potty training chart that my wife made and the chart was completed and I missed buying the toy to reward Ruby here and I was looking at it and I I thought it looked like a calendar and I said hey honey why don't we make a potty training advent chart brilliant so what did you make on the 300,000 we should profit about 92,000 this year wow we're running thank you and we're we're running about a net income of about 15% for this year next year on the track we're going we should do about 20 we should be hitting 20% well also know that we are all in on this as well so we saved a lot of money from that other business that we just mentioned so we've been living off of our savings this whole time we haven't paid ourselves any income for over two years what do you need the money for if you ever go down to a major retailer there's not much in the aisle so you guys want to go to retail well and also just to SK just to paint a little picture as well we've only skimmed the surface of how much our sales can actually scale just this week we landed a deal with probably one of the biggest license companies who's the company casbro okay so basically what we're going to do is we're going to license their characters My Little Pony PJ masks Peppa Pig and Tonka PJ it's huge I don't even know who some of those characters are my potty training days are way behind me for those Reasons I'm out I've always found this a challenging space only because you have to find the new customer right there's a lot of competition out there from home remedies hey I'll give you more candy or do this and that I just don't get this but congratulations on the the business hope you do really well with it I'm out I just noticed something and tell me if this is true the land that's your logo this is Baba okay but I think he looks a lot like Robert Robert has pink ears too I do see a little bit of a similarity but you know what Baba is very adorable so all joking aside you are a testament to just hard work thank you you know I think people over complicate success and you guys work hard you built one8 million business here are Shark Tank that's why my parents love America you can get anywhere with hard work what I'm trying to understand here is I I don't know where you go from here so we're going to go to lot of the major retailers we we have a great team of let me take a stab at that answer I would never take this into retail that is a shrinking business not a growing one sort so that's not a great strategy for me I don't like that business plan I wish you the best good luck I'm out thank you thank you listen guys Squatty Potty came in here several years ago and I knew it was going to be a hero product we did 250 million in sales and then just recently sold the business for a nice junk and that's because it was so broad it was so Mass Market um this I think is a very Niche business and for me I like things that are a little less Niche so for those Reasons I'm out okay thank you Lorie thank you so much what I really like is I think you would be great custodians of my money and and I love the Hasbro deal what I'm stuck with is Lor's point is how big is this like if I take this home tonight and it works on Hudson it would I'm never buying another one well see that's the thing sometimes you do only need one but and that's not good well I don't know if there's a there's a lot of Market out there I mean a lot of kids are born every year I got to be completely honest with you I really really struggling I can't get there I'm sorry I'm out we understand yeah that's great congratulations guys you guys have accomplished a lot thank [Music] you we did come here today to get a deal um unfortunately that didn't happen and we will persevere because we are entrepreneurs and that's what you do y

Channel: Shark Tank Global

Views: 64,049

Keywords: Shark Tank, Shark Tank US, Shark Tank Australia, Kevin O’Leary, Barbara Corcoran, Daymond John, Robert Herjavec, Mark Cuban, Lori Greiner, Dragons’ Den, Money Tigers, Entrepreneurship, investment, reality tv, lil advents shark tank, lil advents potty training

Id: 6lOwuSUsF9U

Length: 8min 46sec (526 seconds)

Published: Sat Jun 22 2024