Shark Tank has been a platform for entrepreneurs to pitch their business ideas to a panel of wealthy investors, also known as the “sharks”. Many successful businesses have emerged from the show, and some have become household names. If you’re looking for some new business ideas, you may want to take inspiration from the businesses that have been featured on the show.
Here are 10 business ideas from Shark Tank that have captured the attention of the viewers and have the potential to be successful in 2023:
1. The Original Comfy – The Original Comfy is a wearable blanket that has become a sensation. It is essentially an oversized hoodie that is made from ultra-soft, warm, and cozy material. With the rise of remote work and the need for comfort, this product has seen a surge in popularity. The market for comfortable and cozy clothing is expected to grow, making The Original Comfy a great business idea.
2. Squatty Potty – The Squatty Potty is a simple yet effective product designed to help with bowel movements. The idea behind it is to mimic the natural squatting position to make it easier to go to the bathroom. This product has gained a strong following and has seen steady sales. With an increased focus on health and wellness, the market for products like the Squatty Potty is likely to expand.
3. Scrub Daddy – Scrub Daddy is a bright-colored, smiley-faced sponge that changes texture based on the water temperature. Its ingenious design makes it a popular choice for cleaning products. The cleaning industry is expected to continue to grow, and Scrub Daddy has the potential to capture a significant market share.
4. Ring – Ring is a home security company that was acquired by Amazon in 2018. The company’s mission is to reduce crime in neighborhoods and empower consumers by creating more secure homes. With the increasing demand for home security solutions, Ring is a business idea with a lot of potential.
5. Tipsy Elves – Tipsy Elves is a clothing brand that specializes in holiday-themed attire. They have gained popularity for their ugly Christmas sweaters and other festive apparel. With the holiday season being a major retail opportunity, Tipsy Elves has a strong potential for continued growth.
6. LuminAID – LuminAID is a solar-powered inflatable light that has been embraced by outdoor enthusiasts and humanitarian aid organizations. The product provides a clean and safe source of light and has the potential to provide solutions in both recreational and humanitarian scenarios.
7. Bombas – Bombas is a company that sells high-performance athletic socks. The business model also involves the donation of a pair of socks for every pair purchased. With the growing trend of athleisure and the emphasis on social impact, Bombas has the potential to continue to thrive.
8. Copa di Vino – Copa di Vino is a company that produces single-serve, bottled wine. The convenience and portability of their product have gained them a loyal customer base. As the demand for unique and convenient alcohol products grows, Copa di Vino has a strong potential to gain market share.
9. Groovebook – Groovebook is a subscription service that turns your digital photos into a monthly photo album. With the trend of documenting and preserving memories, especially through social media, Groovebook offers a tangible and convenient way to do so.
10. Coffee Meets Bagel – Coffee Meets Bagel is a dating app that has been gaining popularity for its focus on quality over quantity in match suggestions. As the online dating market continues to expand, Coffee Meets Bagel has the potential for further growth.
If you’re thinking about starting a business in 2023, consider taking inspiration from the businesses that have found success on Shark Tank. These 10 business ideas have proven to be innovative and have the potential for continued growth in the coming year.
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