Better Life Cleaning Products shark Tank Update | What happened to Better Life Cleaning Products after the Shark Tank Pitch?
What is Better Life Cleaning Products?
Better Life Cleaning Products is a range of all-natural, kid-friendly, and pet-friendly cleaning alternatives that are as effective (if not more so) than chemical-laden products on the market.
Better Life manufactures a vast range of cleaning solutions capable of removing any filth from every surface, including dishes, carpets, worktops, windows, hands, and everything in between.
These are the cleanest, greenest, and most secure cleaning products available. They are even safe enough to spray directly into your mouth. Try it with anything you have in the kitchen. Even better, don’t.
Before they may be added to the Better Life product line, Better Life items must meet a number of stringent criteria.
If consumed, they must be completely harmless for humans and pets. All of their products are produced entirely of plants and vegetables and include no scents, colours, or potentially harmful additives.
All items must be ecologically friendly and biodegrade at double the rate of the industry norm.
Finally, all products must outperform the big-name cleaners that employ all of those harmful chemicals.
Better Life goods may be found at Whole Foods, Crate & Barrel, Bristol Markets, and a variety of other retail locations, as well as on Amazon.
Who is the Founder of Better Life Cleaning Products?
Better Life Cleaning Products was founded by Kevin Tibbs and Tim Barklage of St. Louis, Missouri.
When the creators observed their children were continually putting fingers and other objects in their mouths, Kevin Tibbs and Tim Barklage were inspired.
While they tried to keep their houses and everything else their children came into touch with as clean as possible, they were aware that most cleaning solutions on the market are quite hazardous if accidently consumed. Even the residue left on counters after washing is not typically considered safe.
They recognized they needed to come up with a new solution when they couldn’t locate a safer choice that still cleaned properly.
What happened to Better Life Cleaning Products at the Shark Tank Pitch?
Tim and Kevin appear on Shark Tank Season 5 Episode 7 in search of $400,000 for a 7% stake in their company. This translates to a $5.7 million valuation. They launched the Better Life line and shared their personal experience.
They cleansed a raw chicken covered counter top using a prominent national brand and their Better Life Whatever Cleaner after cleaning a tile with spray paint on it.
Their product destroyed the microorganisms more effectively. Kevin even sprayed the disinfectant in his mouth to prove its safety!
The couple said that they had made over $2.1 million in sales in the previous year and have almost no debt. The Sharks are blown away.
Crate & Barrel, Whole Foods, Amazon, and their own website all offer their items.
The goods range in price from $5.99 to $6.99.
They make a 7 percent profit on their sales because they reinvest their revenues.
Daymond is concerned about counterfeit items, but Kevin claims that reverse engineering their products would be tough.
They are financially sound and seek a strategic collaboration with the Sharks.
Lori is offering $400,000 for a 17 percent commission with a direct line into Bed Bath & Beyond and QVC.
Kevin provides a $400,000 loan for three years at 10% interest and a 5% equity investment. Lori claims she is confident she will make them wealthy.
John Paul DeJoria offers to invest with Lori for $400,000 at 20%, while Daymond offers $500,000 at 20%.
Lori and DeJoria then reduce their offer to $400,000 for a 17.5% interest.
Tim and Kevin are waiting to hear from Mark, who has offered $800,000 for a 20 percent stake in the company with just him and Lori. She believes it is excessive.
Mr. Wonderful then offers $400,000 for 17% stock and reduces the stake to 7% when he is repaid.
Lori says she will match Kevin’s offer. Daymond then offers DeJoria $500,000 for a 20% stake.
Tim and Kevin then dispute Lori and Mark’s offer of $500,000 for 10%.
Lori then states that she does not require Mark and would adhere to her initial offer. Mark goes out without Lori.
Lori warns them not to have an “Oh No” moment, and the lads make a pact with her.
Better Life Cleaning Products after the Shark Tank Pitch.
Following their appearance on Shark Tank, the two experienced the well-known “Shark Tank effect,” which sent their company skyrocketing.
Since appearing on Shark Tank and striking a deal with Lori, the firm has doubled its manufacturing capacity, hired six new employees, and secured retail contracts with Meijer, Marianos, and several Target locations.
Better Life is currently offered on a global scale, having earned market share in Bermuda, Canada, the European Union, and even Korea.
The firm has expanded by 645 percent and has been rated the 503rd Fastest Growing Business in the United States by Inc. Magazine.
Two solar panel arrays were added to the manufacturing plant, and a new packaging method ensures that more post-consumer content is employed in the product’s creation.
Bissel, Inc purchased the firm in 2018 for an unknown sum.
Fast forward to August 2021, and the brand is still in operation, with a $5 million yearly sales.
Better Life Cleaning Products Net Worth
Tim and Kevin appear on Shark Tank Season 5 Episode 7 in search of $400,000 for a 7% stake in their company. This translates to a $5.7 million valuation.
They accepted an offer from Lori and Paul of $400,000 for 17% stake which brings valuation to be 2.3 million valuation.
Better Life Cleaning Products Competitors
There is no competitor identified for Better Life Cleaning Products.
Better Life Cleaning Products FAQS
What is Better Life Cleaning Products?
Better Life Cleaning Products is a range of all-natural, kid-friendly, and pet-friendly cleaning alternatives that are as effective (if not more so) than chemical-laden products on the market.
Who is the founder of Better Life Cleaning Products?
It was founded by Kevin Tibbs and Tim Barklage in 2008.
How much was they seeking in the Shark Tank?
The couple was seeking $400,000 for a 7% stake in the company.
Did they get the deal from the Shark Tank?
They got the offer of $400,000 for 17% stake from Lori and Paul.
Is Better Life Cleaning Products still in business?
Bissel, Inc purchased the firm in 2018 for an unknown sum. Fast forward to August 2021, and the brand is still in operation, with a $5 million yearly sales.
What happened to Better Life Cleaning Products after the Shark Tank?
Since appearing on Shark Tank, the firm has doubled its manufacturing capacity, hired six new employees, and secured retail contracts with Meijer, Marianos and several Target locations.
How much money is the company is making annually?
As of August 2021, it is still in operation with a $5 million yearly sales.
How much does Better Life Cleaning Products costs?
The items ranges from $5.99 to $6.99 to purchase.
Is it safe to use Better Life products?
Better Life products are indeed safe for them, their children, and their pets. They don’t emit harsh fumes or hazardous chemicals, so they’re ideal for people with little children or respiratory issues.
Are Better Life products made in the USA?
Better Life cleaning products are all manufactured using plant-based components.
All Better Life cleaning products are created in the United States, are cruelty-free, sulphate-free, and petroleum-free.
Does Better Life disinfectant?
Better Life Cleaning products are just that: cleaners. It has no effect on bacteria or viruses. It’s similar to studies that demonstrate that washing their hands with a decent soap is useful at keeping their hands clean.
Because their cleaning products do not include pesticides, they do not make disinfection or anti-bacterial claims.
Is better life all natural?
Better Life products use natural, plant-powered cleaning ingredients such as soap bark, maize, and coconut, allowing them to clean without compromise.
Their biodegradable, plant-based chemicals provide a strong clean that is completely natural! They’re stain-resistant but gentle on children and dogs.
How did better life do after shark tank?
Since appearing on Shark Tank and striking a deal with Lori, the firm has doubled its manufacturing capacity, hired six new employees, and secured retail contracts with Meijer, Marianos, and several Target locations.
How does Better Life compare to other cleaning products, especially green cleaners?
Their products are devoid of colours, synthetic scents, sulphates, and petroleum solvents. They are also made using biodegradable cleaning materials, come in recyclable packaging, and are never tested on animals.
How does their free shipping work?
After any discount codes have been used, they provide free standard delivery inside the continental United States on all orders over $35! There is no need for a promo code.
Standard shipments to Alaska, Hawaii, Guam, Puerto Rico, American Samoa, and the Virgin Islands will take 15 business days to arrive.
Can they track their order?
When their order is sent, they will receive an email with tracking information and an estimated arrival date. Orders are mailed seven days a week.
Bissel, Inc purchased the firm in 2018 for an unknown sum. Fast forward to August 2021, and the brand is still in operation, with a $5 million yearly sales.
Is Better Life Cleaning Products acquired?
Bissel, Inc purchased the firm in 2018 for an unknown sum.
What is the net worth of Tim Barklage?
Tim Barklage’s net worth is unavailable
What is the net worth of Kevin Tibbs?
Kevin Tibbs’s net worth is unavailable.
