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She was convinced that Hot Tot would be a huge success with the proper guidance and marketing support. 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. Update 2, October 3: Although no one from Shark Tank is commenting in public thus far, several of the entrepreneurs are confirming the changes. 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. Pin 2. Let me tell you I was so elated when Stacy from Bobee Inc. connected me with Megan Gage, Founder of Hot Tot Haircare. 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. 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 sharks loved ‘Uncle Kevin’ but Kevin preferred his usual nickname, ‘Please, just call me Mr Wonderful.’ he joked. ‘It’s not Uncle Kevin’ Megan said, grinning wildly. MEGAN GAGE - President/Founder- Hot Tot Premium Children's Personal Care. While I still don’t have a yacht or a jet, I live in true abundance. Most of the complaints come from people who ordered the product and had their credit cards charged without authorization for as much as $109! What an adorable little boy! Would you like to start an at-home business, but you're not sure where to start? Gage walked away with a $75,000 check from one of show’s stars — Mark Cuban, outspoken owner of the Dallas Mavericks NBA team. 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. 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. 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 Gage was seeking $50,000 for 15% equity ($333,333.33 Business Valuation) of Hot Tots Haircare Products. 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. 530.2k Followers, 78 Following, 1,495 Posts - See Instagram photos and videos from @sharktankabc Megan Gage is a mom from Denver, Colorado who was looking for a safe and effective shampoo for her infant son. Interview with Shark Tank Contestant – Megan Gage of Hot Tot; Case Study: How I Got Barbara Corcoran, Shark Tank to Endorse my Book; Share. 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. The company made more in the month it appeared on Shark Tank than Gage had earned in a … Megan is following her steady growth pattern and using Mark’s help and experience to gradually move into the huge and lucrative salon market. She detailed her early sales in boutiques and her subsequent realization since then that the best sales could be achieved through salons. Megan Gage … Listen to our Interview with Megan Gage of Hot Tot Haircare to find out! 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. https://offyellow.weebly.com › game-face-shark-tank-value.html She asked Megan if she was flexible about changing the packaging in the future. Author: Denver Business Journal ... Like most mothers, when Megan Gage’s son was born in … Shark Tank has increased my faith by a gazillion percent and provided great content and insight for my life’s story. Gage launched Hot Tot with the help of billionaire investor Mark Cuban (of Shark Tank) as a complete children’s hair care line. 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. 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 Gage the owner of Hot Tot Hair Products has one inspiring story to tell to all aspiring entrepreneurs. He wanted to know what allergy testing had been done on Hot Tot. Kevin O’Leary was more interested in the potential market for the product, he asked how big it was. Got investmentdeal on Shark Tank. Starting the business with just $40,000, she operated with minimal expenses from home and even produced her own company logo on Photoshop. The appearance on “Shark Tank” led to a giant leap in sales, which enabled Gage to hire a fulfillment and support team. What do Lani Lazzari of Simple Sugars, Megan Gage of Hot Tot and Dallas Robinson of Kisstixx have in common? The Beer Blizzard – Best Invention of Season 7? 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. 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. How did Megan Gage, Founder, Hot Tot go from a social worker to building a safe and natural cosmetic global company for children? She has been recognized by the Urban League as a Trailblazer. 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 so-called “biggest deal in Shark Tank history” is a TOTAL SCAM. Shark Tank MOMpreneurs Take A Bite Out of Publicity book. Share. “’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. And I love the reasons as to why she made the product. 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’. Within 12 hours of submitting her first press release, Megan’s business started to grow. Shark Tank Skin Care Scam. 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. 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 had recently received inquiries from distributors in Dubai and had been featured in over 100 media sources. 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. Free Business Plan Template. 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. Follow Your Heart, That’s What Megan Does! 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. Chef In Black, Inc.by Dorene Humason Chef In Black is a … ‘It may still be’ cautioned Kevin O’Leary. This was a businesswomen with a lot of confidence, and she was as tough as any entrepreneur seen on the show previously. Tweet. 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 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. https://www.sharktankblog.com › megan-gage-hot-tot-update-interview She needed help to get Hot Tot onto the shelves and recognised by customers, from there it would be plain sailing. He has an interest in anything that interests other people and a thirst for knowledge about all subjects. Appearing in the Shark Tank was Megan Gage of Hot Tots Haircare products which you can find on Amazon. Hot Tot Hair Care was still in its infancy when Megan Gage entered the Shark Tank. 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. As he left, Christian gave the sharks a little wave, the sharks all waved back, they were impressed with Christian, but were they going to be equally as impressed with Hot Tot? Hello momprenistas, It has been a long crazy month for me with relocating to a new home and office, planning summer vacation, and getting prepared for the new school year. 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. Kevin O’Leary was still not impressed, as far as he saw it sales of $20,000 in such a huge and competitive market was equivalent to ‘mist’. She spoke use of formaldehyde in the industry, and the lack of accurate labelling about such toxins in hair-care products. Gage left the tank not only with a new investment, but a huge leap in sales. How do you become a Business Woman who Rocks? Mompreneur Rockstar Interview with Megan Gage the creator of Hot Tot, a toxin free children’s hair care line. 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. Megan Gage is the founder of Hot Tot, the first complete professional haircare line made for the unique structure of kid's strands. 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. Megan Gage from Denver, Colorado began her working life with a successful career as a Social Worker. The various bottles were pleasantly and professionally designed, but they looked more like an adult product to Lori. Lipstix ReMixby Jill Quillin Lipstix ReMix is the ultimate lipstick renewal system. As a mom that suffers with a variety of allergies and works in the cosmetic industry I know all too well the benefits of using healthy, non toxic products. 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. The brand has since played a critical role in kid’s trendsetting, styling campaigns, editorials, and even a few celeb-u-tots. 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. 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. He conceded that Mark’s offer was generous, more generous than he would have offered and he also dropped out. Its easy, and most importantly, affordable and allows you to create a brand new lipstick out of your scraps! 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. He lives with a grumpy cat called Bubbles and an addiction to chocolate. Robert Herjavec wasn’t sold on the business. 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. 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. 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. Megan, who always had the right answer at her fingertips, told him there were 280,000 salons in America alone, the global baby care market was worth $48 billion annually. He made an offer to Megan of $75,000 in exchange for 40% of the company. Megan looked fairly happy at the offer initially but respectfully asked Mark if she could hear from the other sharks first before answering. Full Service Day Spa Opens – Nardo’s Natural – Update. Megan explained that all other children’s products were designed with packaging that would appeal to children, she wanted to appeal to the parents instead, because it was the parents who would actually buy the product. After the demonstration, it was time for young Mr Cute to leave Mom on her own with the sharks. Megan’s professionalism and passion for her product have helped her grow the brand steadily and surely. , The BruMachen – Portable Single Cup Coffee Brewer. 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. She communicates with Mark, and his wife Tiffany on a weekly basis, although Mark is on hand to answer questions at any time. The brand has since played a critical role in kid’s trendsetting, styling campaigns, editorials, and even a few celeb-u-tots. Regulations on labelling meant that substances such as formaldehyde, potentially dangerous in the long term, did not have to be included on the labels of such products. 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. Read 2 reviews from the world's largest community for readers. 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. 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. 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. 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. 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. 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