BusinessGhost Shark Tank Update | What Happened to BusinessGhost after Shark Tank?
What is BusinessGhost?
BusinessGhost is a ghostwriter firm that offers its clients a monetization process that allows them to earn money, get notoriety, and have power over their books like the writers they aim to be.
Everyone has a story to tell, and BusinessGhost, Inc. assists successful individuals in telling their fascinating stories to the rest of the world.
Michael Levin is the creator of BusinessGhost, is an accomplished ghostwriter with a large portfolio. Levin studied corporate law at Amherst College and later at Colombia Law School.
Levin began writing after deciding that a career as a lawyer was not for him. He now limits his ghostwriting to a restricted group of clients.
Who is the founder of BusinessGhost?
Michael Levin is the founder of BusinessGhost, is an accomplished ghostwriter with a large portfolio. In order to pursue his passion for writing, Levin released three novels with Simon & Schuster at the age of 32, demonstrating his aptitude as a writer.
Levin struggled to make ends meet as a young artist in Boston, but he met a wealthy restaurant owner who became his mentor.
At the moment, he realized that it was now or never to establish himself as a writer, so he began offering private writing sessions at $150 per student on the recommendation of his mentor. The number of pupils quickly grew, as did the number of classes.
Levin taught writing at UCLA and New York University, where he ghostwrote works for several of his pupils.
Soon after, in 1994, BusinessGhost was created. Levin has been writing effectively for many years and has established a ghost-writing firm that caters to financial tycoons and other business-related entities.
The ghost-writing agency currently has numerous staff and a regular stream of customers, with remarkable sales.
What Happened to BusinessGhost at Shark Tank pitch?
In episode 310, author Michael Levin appears on Shark Tank with his startup, Business Ghost. Levin want a Shark to help him to expand and grow his business.
Levin appeared on Shark Tank seeking $200,000 investment in exchange for 10% stake in his firm, which worth $2 million.
He discusses his previous work, which includes over 100 books, some of which have been adapted for television and film.
His works have been on the New York Times Best Seller list. He describes himself as a ghost writer who “assists customers in telling their story from behind the scenes.”
Levin has written for CEOs, athletes, and celebrities. He wants to expand his brand to become the number one provider of ghost-written novels in the United States, but he needs the Sharks’ help to do it.
Robert Herjavec is curious about how a ghostwriter might grow into a business that employs more than one author.
Levin reveals that he presently employs 8 writers to conduct interviews and produce books, with a creative manager overseeing and guiding their work.
A typical book costs the customer between $35,000 and $75,000, including an initial run of 50-100 copies. Levin anticipates earning $650,000-700,000 a year.
Kevin O’Leary refers to Levin’s company as “vanity publishing.” Levin emphasizes that his company does not sell books; rather, he creates books that his customers can use to advertise their own expertise and enterprises.
Daymond John is curious as to why Levin has shunned the fiction and memoir markets, which would allow him to reach a larger audience.
Levin argues that he is concentrating on a certain market because he “puts his name on every book.” He is concentrating on quality, providing high-end clientele with a premium product at a premium price.
Kevin O’Leary considers his odds of making a profit on an investment to be a “really challenging endeavor.” He exited.
Levin admits that he needs Shark’s advice and guidance, describing himself as a “typical example of an entrepreneur who has carried a firm as far as it can go.”
Robert Herjavec is underwhelmed. He advises Levin that “you can’t dump the duty of devising the appropriate approach.” You have to be the best salesman in your firm, the one in charge of developing a plan.” He also goes out.
Levin is in a bind with two Sharks on his back. Barbara Corcoran tells Levin that she believes he is “weary of his business” and that he should pursue another career. She goes out.
Daymond John claims that “getting my money back would be a mystery novel” if he invested his money in this firm. He’s gone. Only Mark Cuban was left.
Despite the fact that Mark Cuban enjoys many aspects of the company, he wants to discuss the fundamental shifts in the publishing sector.
He claims that if it were 1995, he would have “definitely invested,” but with the publishing climate shifting, he’s out. Levin eventually left the pitch without a deal.
What Happened to BusinessGhost after Shark Tank?
In a later interview, Levin stated that his experience on Shark Tank was eye-opening. The Sharks questioned his self-image and prompted him to reconsider his business strategy.
He needed to recognize that he was already a genuine businessman, and that his firm was more than just a side project to supplement his writing career.
The website is now fully operational. BusinessGhost looks to be alive and well, and CEOs and celebrities may still hire Levin’s staff to create their memoirs and strategic business guidelines.
In 2016, Advantage Media/Forbes Books paid an undisclosed sum for the acquisition of the firm.
Competitors of BusinessGhost
The primary competitors of BusinessGhost in the market space are; Girl Friday Productions, estocada, Integrity Business Consulting, ChaseSmith Press and Chrysalis Editorial.
Net Worth of BusinessGhost
The company valuation was $2 million during and after the pitch, since then the company have been acquired and hence the company net worth is not available.
BusinessGhost FAQs
What is BusinessGhost?
BusinessGhost is a literary agency, providing creative writing services for companies. Its offers ghostwriting services, publishing assistance and cross-promotional opportunities.
Who is the founder?
Michael Levin is the founder of BusinessGhost. He has been a ghostwriter for publishers, celebrities and CEOs.
How much was seeking on Shark Tank?
Levin was seeking for $200,000 for a 10% stake of the company.
Did he have the deal?
He did not have any deal.
Is BusinessGhost still in business?
Yes, BusinessGhost is still in business, after leaving the shark tank, Mr. Levin is no longer with the company. However, it was acquired by Advantage Media/Forbes Books in 2016 and he may be involved in some way.
Where is BusinessGhost located?
BusinessGhost is based in Glendale, California.
What was the target market of BusinessGhost?
The targeted market was small business owners and CEOs. The idea of offering ghostwriting services to small businesses would help them to improve their marketing efforts.
How does BusinessGhost works?
BusinessGhost offers ghostwriting services for CEOs and business owners interested in publishing their books, as well as memoirs or other publications that focus on business related topics. They also publish book content from clients as part of a cross-promotional opportunity.
What is the mission statement of BusinessGhost?
The mission statement of BusinessGhost is to help companies in communicating their message through effective storytelling. The company offers a range of ghostwriting services to help companies articulate their value propositions, market position and vision for the future.
How long has the company been running?
The company has been running since 1994.
Who is BusinessGhost CEO/Founder?
Michael Levin is the founder and CEO of BusinessGhost.
What are BusinessGhost Credentials?
The firm has won several awards, including the Davey Award for being one of the top hundred consumer decision makers in 1996, 1997 and 1998.
How does BusinessGhost make money?
The firm makes money through offering ghostwriting services to customers, in addition to publishing their books. A percentage of the book sales are shared with the author and the company.
How is the business model of BusinessGhost?
The business model of BusinessGhost is a split commission model. The company retains a commission equal to the percentage of sales, while the author gets his or her royalties.
What is the net worth of Michael Levin?
The net worth of Michael Levin is estimated at $10 million.
