Quickflip is one of the most successful deals ever sold in the shark tank. It was sold to Lori Greiner for half a million dollars and has been the best deal recently made so far.
This sweatshirt is a good looking sweatshirt but unlike other conventional flipping sweatshirts these flip to make bags which can carry your good, you can take them to school, and enjoy work. After taking your stuff out you can wear them and be a cool and fashionable person. This surely is an amazing product and undoubtedly a unique idea.
This makes carrying things easy without the worry about how you look after you reach your destination. It certainly is amazing. QuickFlip is a very nice and interesting product to ever come on the show of shark tank. Because of QuickFlip, we can easily mage our goods and clothing.
This is a cool looking sweatshirt and is certainly fashionable.
It is sold on Amazon, and thanks to Lori Greiner generous investment this has become a quick success product. The best part of these hoodies is that they don’t get wet when you want to play with them on, you can simply use therm as a backpack and play or do your sports. That’s how it was born.
History
These were made by Rener Gracie, who’s son wanted to play a game but found it difficult to play with a hoodie that keeps falling down and ultimately got wet.
Rener placed on the hoodie and started for the park. After the sun evolved out, he got off the hoodie but didn’t hold anywhere to fix it. That’s where the root of the concept was born.
Employing Quickflip’s exclusive conversion technology, their range of outwear choices can swiftly and easily turn into a drawstring bag pack. The useful backpack idea can hold many items and later can change after a garment when required.
QuickFlip additionally gives extra garment choices in extension to hoodies before-mentioned as interchangeable crew collar sweatshirts and impermeable jackets. That’s some variety to choose from.
Working
QuickFlip apparel includes a wide range of clothing, it includes hoodies, jackets and much more stuff you can wear. Being an artistic sort, Rener determined he would obtain a resolution to the hoodie difficulty.
As quickly as he got comfortable, he deduced paper clips, fasteners, scissors also duct tape and, in barely half a moment, transformed his hoodie into a backpack.
That resolved the dilemma of how to take a hoodie, but whatever is backpack outwardly accommodation area? Working that took longer. After 8 months in addition to 15 prototypes.
Yet with that part achieved, he still wanted to obtain a cord lock that the straps will be adaptable and, therefore, developed the most low-lying cord grip ever, a tiny concentration lock, only 1 mm thick, with a pattern slide that takes the band and keeps it in place.
Also so he established Quikflip Apparel. Thanks to it we don’t face a similar problem nowadays.
Shark Tank
Even the product was great it didn’t become shark tank sweatshirt that easily. It took a lot of convincing and ultimately Lori Greiner, who had 60 percent mind on it finally got the product.
She invested in it. And now she is one of the happy people. This, after all, is the best product in the upcoming world. It offers a great shelf period and is easy to use and manage. It rather helps more of our problem than actually giving one.
QuickFlip hoodie is the best selling product of this company till now so for and will probably look to stay the same. Although Sharks were concerned that this stock will get beaten off notwithstanding its patents, others love Rener’s vitality as well as the goods. Many Sharks were involved in funding in Quikflip Apparel and reach offers.
Kevin Leary offered Rener 100 thousand dollars for a 25 percent share, along with 400 thousand dollars of credit. Robert Herjavec protracted a proposal of 500 thousand dollars toward a 25% share of it. Renner sensed that certain is would be suitable for a company that is revenue centered but he is a revenue-generating company.
Lori Greiner believed that he needed focus and she would help him with her experience and besides, she got more connections. After enlarging him an offer for a nice amount of a 250 thousand dollars cash investment along with 250 thousand dollars of credit in exchange for a 10 percent equity share.
Renter accepts the offer made by Lori. Lori must have liked the idea of having a waterproof QuickFlip Hoodie that can convert into a backpack and protect sensitive stuff. Its uses are endless.
Competition
This product might not have competition but it can’t perform extremely well because of the lack of the target market. One needs a target market where they can expect the product to have some proper sales and nice figures.
Although the product target market includes everyone, which gives it a little advantage and its versatility to be used anywhere make it really nice and suitable product to look for.
If you are looking for something to wear and then may be used as a temporary bag after a while to carry certain stuff it can be really nice. This product has its original patent which makes it really nice for the company to manage and handle its stuff. So one should enjoy quick flip appeals as long as it is gonna be there.
It is also expected that QuickFlip will come up with a new plan and make even more interesting and useful products for your daily life. Their family is known to have been famous for adapting to new things and they will surely come up with something new and give a hard time to sharks whether to buy it or invest in it.
It is also expected to increase its revenue soon and maybe even expand it into different regions across the globe and soon expect it to become a global brand with revenues in millions.