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What started out from a Google search on environmentally friendly shampoo for her new born Son, ultimately ends her on the biggest business stage in U.S. History, The Shark Tank … He has an interest in anything that interests other people and a thirst for knowledge about all subjects. Pin 2. Starting the business with just $40,000, she operated with minimal expenses from home and even produced her own company logo on Photoshop. Within 12 hours of submitting her first press release, Megan’s business started to grow. Most of the complaints come from people who ordered the product and had their credit cards charged without authorization for as much as $109! Would you like to start an at-home business, but you're not sure where to start? He conceded that Mark’s offer was generous, more generous than he would have offered and he also dropped out. Her determination to succeed had been bolstered by her sudden understanding of the toxins used in other similar products and that was her main selling point, to other, like-minded businesses. She would prefer to see the child friendly and non-toxic nature of the product more prominently displayed on the bottle. Robert Herjavec asked what the sales had been so far. Megan, as always, was well prepared with an answer, optical testing alone cost about $10,000 and without just that one test she was unable to use the term ‘Tear Free’ on her packaging, even though she believed her product was the safest one available. Megan Gage and her son pitched Hot Tot on "Shark Tank" in 2013. Megan shared the stage with Kevin Harrington, original Shark Tank judge and Jeff Hoffman, CEO & Founder of Priceline. Megan conceded that there were no real figures available, as child hair care was such a new market, but growth in child care overall was 5% annually, there would be plenty of room for new products. Author: Denver Business Journal ... Like most mothers, when Megan Gage’s son was born in … With experience she had managed to reduce her costs until her mark-up was almost 300% on retail orders, and about half of that on wholesale orders, and she envisioned reducing them still further. How did Megan Gage, Founder, Hot Tot go from a social worker to building a safe and natural cosmetic global company for children? Megan Gage the owner of Hot Tot Hair Products has one inspiring story to tell to all aspiring entrepreneurs. Daymond John asked Megan why she believed that her product could be so successful after only $20,000 in sales. Encouraged by her success so far Megan was inspired to grow the company further and set out to learn as much as possible about manufacturing and business. Megan was only too happy to accept Mark’s deal, which was the only one offered to her, and he was probably the best shark for her to partner with, he shared her vision and passion for improving the safety of children. The brand has since played a critical role in kid’s trendsetting, styling campaigns, editorials, and even a few celeb-u-tots. 0.10). She communicates with Mark, and his wife Tiffany on a weekly basis, although Mark is on hand to answer questions at any time. It’s going to be a tough road just as Robert Herjavec predicted, but with Mark’s dedicated support behind the tough professional Megan, Hot Tot is likely to be a hot new salon product in the very near future. Encouraged by her husband, she began to look into producing her own product, free from toxic substances. The Gazette Review is your daily news source covering everything from world news to personal finance.We provide the most recent, unbiased accounts of the news that matters to you.Contact us: editor@gazettereview.com, Combat Flip Flops Update – What Happened After Shark Tank, Sun-Staches Shark Tank Update – The Company Now in 2018, Italy: Stolen Painting Found In Naples Cupboard, EPL Standings: Top 10 After 18 Matches Played. At about the same time Megan noticed media coverage of children’s hair care products that revealed many of them, including many well-known brand names, contained toxic ingredients. This was a businesswomen with a lot of confidence, and she was as tough as any entrepreneur seen on the show previously. The brand has since played a critical role in kid’s trendsetting, styling campaigns, editorials, and even a few celeb-u-tots. "Shark Tank" Episode #4.12 (TV Episode 2013) cast and crew credits, including actors, actresses, directors, writers and more. Mark Cuban, as a fellow parent, shared her ambition to make products for children safer, he asked if Megan had researched how much further testing of her product would cost. The Hot Tot business continues to grow at a steady rate and Megan recently revealed in an interview that she believes women care more about shampoo than men, whether its due to maternal instinct or phychology, women care about the product and generally men just don’t get it. With the assertion that he didn’t know if Hot Tot would prove to be a business, and neither did Megan, Kevin dropped out of negotiations. I saw her on Shark Tank, the wildly successful show compiled of tough, self-made, multi-millionaire and billionaires who are searching for the BEST businesses and products in America. Follow Your Heart, That’s What Megan Does! https://offyellow.weebly.com › game-face-shark-tank-value.html Listen to our Interview with Megan Gage of Hot Tot Haircare to find out! Gage launched Hot Tot with the help of billionaire investor Mark Cuban (of Shark Tank) as a complete children’s hair care line. Megan told him that in the previous 15 months profits had only been $20,000, although in the last week a purchase order for $7,000 had been signed with a new contact in the short-term sale flash site market. A full-time mom and former social worker, Megan has found unexpected success in the professional beauty industry despite having any initial experience or connections. Megan fashioned Christian’s hair into a baby Mohawk as she explained to the sharks about the presence of potentially dangerous chemicals in children’s hair-care products. Megan handed some samples of Hot Tot around and Lori Greiner was particularly impressed with how good it smelled, although she wasn’t as positive about its packaging. Lipstix ReMixby Jill Quillin Lipstix ReMix is the ultimate lipstick renewal system. Megan defended her product to the other sharks, she made a passionate and well articulated speech detailing the difficulties she had faced initially with a social work background and no prior beauty industry experience. He wanted to know what allergy testing had been done on Hot Tot. How do you become a Business Woman who Rocks? Let me tell you I was so elated when Stacy from Bobee Inc. connected me with Megan Gage, Founder of Hot Tot Haircare. It wasn’t long before she found that everywhere she went she was asked by other parents where they could get the same styling lotion. She was convinced that Hot Tot would be a huge success with the proper guidance and marketing support. Mark liked it, he believed that further testing on Hot Tot was very important and the money should be available for Megan to invest in it. Steve Dawson has been writing online for two years. Tweet. Scouted for ABC’s Shark Tank within the first year of business, Hot Tot Creator Megan Gage gained the support of billionaire investor Mark Cuban. After the demonstration, it was time for young Mr Cute to leave Mom on her own with the sharks. While I still don’t have a yacht or a jet, I live in true abundance. She had recently received inquiries from distributors in Dubai and had been featured in over 100 media sources. Megan confirmed that the manufacturer had performed extensive testing on the product while it was being conceived. The appearance on “Shark Tank” led to a giant leap in sales, which enabled Gage to hire a fulfillment and support team. Megan Gage, our September Speaker, was able to fund her growing business at a critical time through the vehicle of Shark Tank, when Venture Capitalist, Mark Cuban decided to invest. She wasn’t put off, her market wasn’t people in the beauty trade but other parents, who would care as deeply as she did about the safety of the products that their children used. The sharks loved ‘Uncle Kevin’ but Kevin preferred his usual nickname, ‘Please, just call me Mr Wonderful.’ he joked. She almost cried as she explained how things had been so close to crashing down around her ears in the past, that glimpse of the real Megan made you respect the tough businesslike front she had so professionally showed to the sharks. Megan elaborated further on how the large interest in her product had been a constant surprise to her since she had first started experimenting with it on Christian, she had never intended to go into business with her own product, ‘If you’d have asked me four years ago I would have said it was a crazy idea’ she explained. The Beer Blizzard – Best Invention of Season 7? Free Business Plan Template. Shark Tank Skin Care Scam. The various bottles were pleasantly and professionally designed, but they looked more like an adult product to Lori. Lori followed Kevin and also dropped out. Megan defended Hot Tot with her usual passion, she detailed how she made $1,000 in sales in just two days at her first trade show in Dallas, many of the buyers had re-ordered. Shark Tank Airing: Season 4, Episode 421 Megan Gage is the founder of Hot Tot, the first complete professional haircare line made for the unique structure of kid's strands. Got investmentdeal on Shark Tank. Interview with Shark Tank Contestant – Megan Gage of Hot Tot; Case Study: How I Got Barbara Corcoran, Shark Tank to Endorse my Book; Share. Gage left the tank not only with a new investment, but a huge leap in sales. Investors have intervened through “Shark Tank” reality show to finance entrepreneurs with productive pitches. Hot Tot Hair Care was still in its infancy when Megan Gage entered the Shark Tank. With the help of the sharks she could begin to move into the better known salons and would be given more attention by the big names in the business. Megan appeared on Shark Tank in January 2013 and was seeking a $50,000 investment in exchange for a 15% stake in her company. Here’s a screen shot of a discussion among Megan Gage, who got a deal for Hot Tot, and Tiffany Krumins, who got a deal with Barbara for Ava the Elephant in Season One. seen on : season 4, episode 12 of Shark Tank Watch episode : entrepreneurs: Megan Gage: location: Denver, CO: category: Baby and Child Care: description: Professional-quality hair care products for children without harsh chemicals. After striking a deal with Mark Cuban on the Shark Tank, Megan spoke about how relieved she was to finally have some financial stability behind the business. She asked Megan if she was flexible about changing the packaging in the future. Kevin O’Leary was also concerned about the low sales, he complimented Megan on the impressive results that she had achieved to get the Hot Tot business to where it was now, he admired her businesslike and professional attitude and the product was interesting, but he wondered if anybody really cared about child hair care. Megan soon began to send out press releases and received some quick and positive responses, including an inquiry from the hugely successful Pregnancy and Newborn magazine within 12 hours of the first release. Megan Gage, founder of Hot Tot, who was invested in by Mark Cuban on Shark Tank, shares how her partnership has affected her business and relationships. Shark Tank MOMpreneurs Take A Bite Out of Publicity book. He made an offer to Megan of $75,000 in exchange for 40% of the company. She had earned a masters degree in clinical social work and had achieved much in her field but after giving birth to her second child, her son Christian, she didn’t want to miss out on his early years of development and chose to become a stay at home mom. BWR 105: Megan Gage: What It's Like to Do a Deal With Mark Cuban of Shark Tank from Biz Women Rock on Podchaser, aired Friday, 3rd October 2014. 530.2k Followers, 78 Following, 1,495 Posts - See Instagram photos and videos from @sharktankabc Gage walked away with a $75,000 check from one of show’s stars — Mark Cuban, outspoken owner of the Dallas Mavericks NBA team. “’Shark Tank’ ‘was the scariest thing I’ve ever survived — putting my life and beloved business on display for millions of people to critique,” Gage says. Appearing in the Shark Tank was Megan Gage of Hot Tots Haircare products which you can find on Amazon. And I love the reasons as to why she made the product. The appearance on “Shark Tank” led to a giant leap in sales, which enabled Gage to hire a fulfillment and support team. She clarified for Lori that her product was safer than other similar products. He had a mischievous twinkle in his eye as he met the sharks and they seemed to like him, although he was far more interested in his lollipop for most of the time. Megan Gage … He lives with a grumpy cat called Bubbles and an addiction to chocolate. Megan, still smiling, thanked him for his comments but had to get the last word in with Uncle Kevin ‘It is a business Kevin, I just wanted to clarify that I do know that’. Kevin pinned her down on the details, he wanted to know the size of just the child hair care market, not the entire child care market. He thought it could be brilliant, an entirely new category in the lucrative beauty market, or Megan might be ‘facing a tough road’ in the future. In the episode, “New Shark Tank Hot Mom With A Great Idea Hotot,” Megan Gage, the creator of Hot Tot Children Haircare is seeking $50,000 investment in exchange of 15% equity stake in her business (Chapin, 2017, min. The magazine featured Hot Tot, along with photos of Christian, in August 2011, another feature appeared in March 2012 in Parenting magazine. Megan looked fairly happy at the offer initially but respectfully asked Mark if she could hear from the other sharks first before answering. Mark Cuban interjected at this point, he couldn’t understand how a product that was receiving so much positive feedback and interest had only achieved $20,000 sales in 15 months. Megan, whose belief in herself and her product was one of her strongest strengths, passionately detailed the excitement that she encountered from customers and retailers alike about Hot Tot. Sales increased slowly but steadily and after a year and a half she was encouraged by her husband to appear on shark tank to seek additional investment and business expertise. , The BruMachen – Portable Single Cup Coffee Brewer. Full Service Day Spa Opens – Nardo’s Natural – Update. Megan Gage from Denver, Colorado began her working life with a successful career as a Social Worker. Just finished watching Shark Tank and the the presentation by Megan Gage. Read 2 reviews from the world's largest community for readers. Its easy, and most importantly, affordable and allows you to create a brand new lipstick out of your scraps! Mompreneur Rockstar Interview with Megan Gage the creator of Hot Tot, a toxin free children’s hair care line. ‘It may still be’ cautioned Kevin O’Leary. Update 2, October 3: Although no one from Shark Tank is commenting in public thus far, several of the entrepreneurs are confirming the changes. A 500-year-old painting has been found in an apartment and returned to the museum where it was being displayed. Megan had brought along a secret weapon to help her with her pitch, in the mega-cute shape of three year old Christian who looked happy enough in his role as her demonstration model. Kevin O’Leary was more interested in the potential market for the product, he asked how big it was. She spoke use of formaldehyde in the industry, and the lack of accurate labelling about such toxins in hair-care products. Chef In Black, Inc.by Dorene Humason Chef In Black is a … Robert Herjavec wasn’t sold on the business. For women who are constantly buying lipstick and throwing them away once it reaches its limit, Jill Quillin has given us the ultimate lipstick saver. What an adorable little boy! This line of professional hair care products for infants scored a $75,000 investment from Cuban for 40% of the business when creator Megan Gage appeared on the show during season four in 2013. Daymond John had very limited contacts in the beauty industry and might be unable to help Megan at all, he was also unwilling to compete with Mark’s offer and he dropped out too. One mom, Megan Gage, was looking for safe and effective hair care products for her infant son and came across something of a styling sensation. *UPDATE: Megan landed a deal with Shark Tank investor Mark Cuban for $75k for 40% of her company on the 1.4.13 show. document.getElementById("comment").setAttribute( "id", "aacda231f023996155064f7f1b646d23" );document.getElementById("ae9a45cb14").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. The so-called “biggest deal in Shark Tank history” is a TOTAL SCAM. Megan Gage is a mom from Denver, Colorado who was looking for a safe and effective shampoo for her infant son. For the past year or so, I have been inundated with complaints about a Shark Tank skin care scam. https://www.sharktankblog.com › megan-gage-hot-tot-update-interview Scouted for ABC’s Shark Tank within the first year of her business, Hot Tot Creator, Megan Gage gained the support of billionaire investor, Mark Cuban. Lori was still concerned about the branding, she felt Hot Tot should be branded more appealingly towards children and she felt there was still a lot of work to be done. She needed help to get Hot Tot onto the shelves and recognised by customers, from there it would be plain sailing. Megan Gage is the founder of Hot Tot, the first complete professional haircare line made for the unique structure of kid's strands. Megan Gage was seeking $50,000 for 15% equity ($333,333.33 Business Valuation) of Hot Tots Haircare Products. A full-time mom and former social worker, Megan has found unexpected success in the professional beauty industry despite having any initial experience or connections. Mark Cuban spoke about his own three year old son, who suffered from eczema. Megan’s professionalism and passion for her product have helped her grow the brand steadily and surely. Shark Tank has increased my faith by a gazillion percent and provided great content and insight for my life’s story. And her subsequent realization since then that the manufacturer had performed extensive on. League as a Trailblazer prefer to see the child friendly and non-toxic of! And non-toxic nature of the product while it was being conceived, who suffered from eczema to Megan of 75,000. From toxic substances Megan of $ 75,000 in exchange for 40 % the... Successful after only $ 20,000 in sales speak about it and Jeff Hoffman, &. - President/Founder- Hot Tot listen to our Interview with Megan Gage of Hot Tot on `` Shark MOMpreneurs. 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