Lori Greiner Badge Necklace Shark Tank
Introduction
If you're a fan of Shark Tank, then you've probably heard of Lori Greiner, the "Queen of QVC" and one of the show's most successful sharks. Greiner has invested in dozens of products over the years, but one of her most successful deals was for a product called the Badge Necklace.
The Pitch
The Badge Necklace was created by a woman named Carol Martin, who was looking for a way to keep her ID badge at work handy and stylish. Martin's solution was to create a necklace that could hold an ID badge or any other small item, like a key or a USB drive.
Martin brought her product to Shark Tank in 2012, where she made a deal with Lori Greiner. Greiner invested $125,000 for a 55% stake in the company, and she helped Martin bring the Badge Necklace to QVC, where it quickly became a best-seller.
How It Works
The Badge Necklace is a simple concept, but it's one that has proven to be very popular. The necklace features a small, retractable reel that can hold an ID badge, a key, or any other small item. The reel is attached to a stylish necklace that can be worn with any outfit.
The Badge Necklace is perfect for anyone who needs to keep their ID badge handy at work, but it's also great for anyone who wants to keep a key or other small item easily accessible.
Why It's Successful
There are a few reasons why the Badge Necklace has been so successful. First, it's a practical product that solves a real problem. Many people who wear ID badges at work struggle to keep them handy, and the Badge Necklace provides a stylish solution.
Second, the Badge Necklace is versatile. It can be worn with any outfit, and it can hold more than just an ID badge. This makes it a great product for anyone who wants to keep their small items easily accessible.
The Power of Lori Greiner
Of course, it's hard to talk about the success of the Badge Necklace without talking about the power of Lori Greiner. Greiner's investment and involvement in the product helped bring it to the masses, and her reputation as the "Queen of QVC" certainly didn't hurt.
Greiner has been involved in dozens of successful products over the years, and her endorsement can be a huge boost for any product. The Badge Necklace is just one example of how Greiner's involvement can take a product from obscurity to success.
Conclusion
The Badge Necklace is a great example of how a simple idea can turn into a successful product with the right investment and support. Thanks to Lori Greiner's involvement, the Badge Necklace has become a best-seller and a popular product for anyone who needs to keep their ID badge or other small items handy.
