The "Simplest Product Ever" Pitched In The Tank | Shark Tank AUS

[Music] hi sharks my name is Hannah and this is Sam today we're looking for a twenty five thousand dollar investment in return for a 25% stake in our product the bosko two years ago awaits them inside of another workout trying to find a way to get our supplements into a regular water bottle this is when we had our light bulb moment why not make a scoop design for regular water bottles the following two years of research and development found that worldwide all regular water bottles share the same sized opening and also the vast majority of people prefer to use water bottles when exercising the Bossip shares the same diameter as the regular water bottle as a top leading edge and allows it to be easily scooped while also preventing any spillage when inverting to the bottle we're currently stocked in stores in the UK Canada and New Zealand as well as locally in supplement stores moving forward with love a shark to come on board to help us set up local distribution in the US since us with advertising the product we'd love to welcome any questions and demonstrate the pros feel great interesting demonstration be great someone want to jump up you need someone help you demo how to use this yeah that's me that's me cuz I've done a lot of this recently about every two hours for about seven months yes milk sampling US babies just talking about babies get that into the water bowl oh Plaza oh look at that say then we get the boss get Stevie to do it even though I can do that even I'll do that when you pour it so we made it for essentially ambidextrous so you've got to pour it that way so if you kind of pour it boys yelling instructions let's do better I'm a left-handed so I had to make it not for all right hand people what's it say yeah you tell me you've made a left-handed spoon scoop I guess very impressive obviously convinced as a lieutenant spoon though so Hannah and Sam yeah so that's $25,000 for 25 percent valuing your business at a $100,000 so your business partners and life partners we're married oh you're married how did you meet in high school high school sweetheart you're both into your fitness I gather Sam is a dance teacher and actually used to be a commercial ad sailor also it is a cheerleader married the jock we only left our jobs recently so you just left your jobs to do this full-time yeah I have another business oh what's the other business it's called men on fire Australia it's a fireman themed hence parties busy let your husband go out and book the parties for you separate sometimes yeah sometimes I help take photos but often it's just him with a team of firemen helping a party of ladies you don't take your clothes off in this process to know just what shirt I'm just checking hip the restaurant the beauty of that business it doesn't need to rub this business because for that business we work one day awake we only work with satellites that's all well and good this isn't a business Rob this is a spoon yes well it's actually a suit mate it is just a scoop what possessed you do want to attack this problem it's a simple problem but no one has ever gone after that solving so we thought let's just give it a go see if we can solve it took 80 different prototypes it's the only part in supplements that is actually possible to change when you walk into a stall there's millions of types as brands as flavours at their core they're the same the stores that sell supplements is there so let's get serious about the numbers because I'm just looking this going it's a scoop yeah so what are one of these cost you to me they cost us 29 cents but how much do you sell it to the customer six dollars six so this cost six dollars yeah to a customer Australian Australian yeah PACA D is 65 cents extra we've only launched four months ago and all we've done to promote it is one single Instagram partnership with our name was Stephanie sans oh she's on the post over there close to 1 million and how many of you so I was just sort of thousand we do actually have a competitor and it's basically an existing scoop which is that wider circle with a hinged funnel on top so it's quite large and bulky it's quite cumbersome to use it gets very dirty into the mechanism a competitor in America they retail for about five us and he's sold seven new Sam yeah he's got a jump on you he's sold seven million you've sold a thousand so for this investment I'm out love the energy love your enthusiasm well done for having a go you've actually got a product off the ground I'm not riding into the sunset with you it's kind of a product not a business I'm out I found a problem because you had powder all over your table and you come up with a solution would have been much more fun if you'd come in and pitched it on fire really clean it's a plastic scoop I can't add a lot of value on out [Music] some of the simplest products tend to be the most successful and it's a really simple product so do you like it but it's I'm gonna regret it I'm out thank you indeed for our one left its Davies the only one left not a huge Jim gar actually don't quite believe in that stuff it's not a religion you know Bobby shoot how much cash do you have in the bank $80,000 80s oh you don't need the money all right I would appreciate that $25,000 and block more because I've got a smaller amount to spend we spend it wisely if I asked you for a million dollars I couldn't guarantee I could make you four million but if you gave me 25 grand I'm pretty confident I could make you 100,000 I'm not giving you anything I'm gonna buy your equity right and if I do that I'm gonna buy a stake in your company and the full intention of making all the money out of you to be quite honest 25 grand is like a it's like a coin toss or not really mostly I'm flipping about money but it's a small bet to take on actually a couple of impressive people so yeah look it's just feels like a channel to take a bit well have a have a bit so okay Steve what are you doing Steve Steve what about you and I are taking I don't know how to add value to scoot it's a scoop I really wish you all the best I'm out oh no thanks anyway thank you thanks for coming guys are you attempted but you were gonna come back keen oh you're gonna come back him he took you can't he cut me off I was thinking of going house with you so I was gonna do 20 points each I make some phone calls you made some phone calls that's it yeah let's go do that should we get him back in it wasn't meant to be it wasn't meant to be yeah we were just happy to be a part of it to make the sharks and heed their advice I think it's really valuable Sam Anna come back in Oh you never know what the future may hold fantastic so we've been having a bit of a shark talk and Steve and I have decided that we think we'd like to take an option on your future yeah so Andrew and I will go halfsies in this deal so we're gonna bring twice to network into this yep 20% age twenty five thousand bucks for 40% yeah industry Florida well then you call us back at four times they know you guys have scored a scoop I now know that things called dietary and protein supplements exist so I'll go look for one of those shops but no this is religion called gyms [Music] you

Channel: Shark Tank Australia

Views: 2,924,411

Keywords: best shark tank ideas, business, coatchex, deal, entrepreneurs, mark cuban, millionaire, money, most successful shark tank pitches, proof eyewear, rejected shark tank pitches that became successful, rejected shark tank, shark tank episode, shark tank pitches, top trending, shark tank show, shark tank success, shark tank, watchmojo, worst shark tank pitches, most successful shark tank businesses, best shark tank pitches, Full episode, Shark Tank, Shark Tank Full Episode

Id: zvtjWG12x_g

Length: 10min 25sec (625 seconds)

Published: Tue Aug 06 2019