Reinvented the Wheel and Built a $3M Company (Shark Tank Success Story) Pt. 1

Shark Wheel’s appearance in the Season 6 finale of Shark Tank is the most-watched episode in the show’s history—just one of many accolades for the company. In this interview, we’ll find out what goes on behind the scenes of a Shark Tank episode and the secrets to their success.

Longboard shark wheels were invented by David Patrick, who won Orange County’s Innovator of the Year award for his work. The unique square shark wheels have since found a plethora of other uses, from rolling luggage to forklifts and farm equipment. We’ll find out how they grew and scaled their business to expand into these market segments.

The Shark Wheels Shark Tank episode was filmed in 2014, just over a year after they launched a Kickstarter to make and ship their first products. We’ll get the founders’ advice on writing Shark Tank pitches, how they prepared for the show, and what it takes to get handshakes from 3 sharks.

You just have to read a Shark Wheels review to see how immensely popular they’ve become with skateboarders. That popularity didn’t just happen overnight. We’ll ask the founders how they marketed their new invention to earn the name recognition they enjoy today and what goes into building a successful business, from testing and refining their design to putting together a reliable and dedicated team.

Anyone who’s seen Shark Wheel’s Shark Tank full episode will want to hear what the founders have to say about their invention and the show. Even if you’ve never seen the show, the tips, and advice in this video make it a worthwhile watch for anyone wondering how to build a successful business around a new invention.

Make sure to watch Part 2:    • Reinvented the Wheel and Built a $1M Compa...  

Resources:

🎓 Start or scale your business with the UpFlip Academy - https://links.upflip.com/academy-yt

📕 FREE access to ‘137 most profitable businesses’ - https://links.upflip.com/137-business...

🎙️ Follow the UpFlip Podcast - https://links.upflip.com/podcast-yt

📩 Join the UpFlip Newsletter - https://links.upflip.com/newsletter-yt

👉 Check out David’s business - https://sharkwheel.com

Timestamps:
0:00 Intro
1:12 Meeting David and Learning About Shark Wheel
2:10 Development of Shark Wheel
3:27 Marketing and Kickstarter
4:35 Shark Wheel Products
5:30 Revenue
6:57 Agriculture Wheels
7:38 Shark Tank Appearance and Response
8:30 Testing The Skateboards
9:15 Profit Margins and Ratios
10:35 Turning An Idea To A Product
12:08 Intellectual Property
13:30 Outro

#sharktank #sharkwheel #sharkwheels