GoodHangups Shark Tank Update | GoodHangups after Shark Tank
What is GoodHangups?
GoodHangups are removable magnet stickers that may be used to hang paintings, posters, Valentine’s cards, recipes, maps, and anything else you can think of.
The magnet sticker attaches to almost any substance, including wood, stone, brick, glass, even Ikea furniture. It’s a terrific alternative to utilizing nails, thumbtacks, and other adhesive things that leave a trace on your wall.
GoodHangups’ magnet stickers can be used as permanent or removable magnetic adhesives, which mean you, can also use them on metal, aluminum, glass and other magnetic surfaces.
GoodHangups magnets are strong enough to secure long-term fixtures. While they may attach to metal surfaces, we recommend that you do not leave the magnets on metal surfaces for extended periods of time. The good thing about GoodHangups is that they are actually very simple and inexpensive to produce.
Who is the founder of GoodHangups?
Leslie Pierson, the founder of GoodHangups, is a force of nature. Pierson established the product to organize her 4-year-old son’s artwork.
Pierson needed a means to show his artwork without destroying her walls because his prodigious imagination rapidly surpassed the refrigerator.
GoodHangups is a collection of tiny, metallic disks that may be attached to almost any solid surface with reusable, non-marking adhesive strips.
Small magnets are used to “stick” the artwork to the disks. It’s an excellent option for anybody who wants to display posters, pictures, or art without having to worry about framing or damaging their walls.
GoodHangups won the Today Show’s “Next Big Thing” sweepstakes in the fall of 2015, earning Pierson a run on QVC. She was a big hit on QVC, selling out in only a few minutes and continuing to sell well.
What Happened to GoodHangups at Shark Tank pitch?
In episode 2 of season 8 of GoodHangups on Shark Tank, despite her clear success, Pierson needs money for a large production run so she can begin selling in major retail stores
Leslie asks for $100,000 in exchange for a 10% stake in her company, which is valued at $1 million. She places a photo of Kevin on the presentation display while she relates her story.
She distributes samples before answering inquiries. Kevin, of course, is interested in sales. And she claims to have made $450,000 in little over a year, which impresses the Sharks.
Lori says she remembers seeing the goods on QVC, and the remainder came from a little more than 100 retail outlets, including The Paper Store.
She claims she wants a Shark’s assistance in getting into larger outlets. The Sharks appreciate her profit margins: an 8-pack costs $2.25 to produce and costs $14.99 to sell. Mark loves Leslie but does not believe he is the proper match for him, thus he is out.
Robert declares that he is not an artistic crafty type of man and walks out. Lori loves it and offers $100,000 for a 20% stake in the company. Lori is being squeezed by the other Sharks.
Daymond offers $100,000 for 15% equity shares, whereas Kevin offers $100,000 for 10% equity shares. Kevin tells Leslie after making his offer, “I’ve given you leverage to squeeze Lori, now squeeze her!”
Leslie counters by asking Lori for a $100,000 loan in exchange for 10% equity shares; if the loan is not paid off within a year, the equity increases to 20%. Lori agrees! And Leslie walked away from the pitch with a deal.
What Happened to GoodHangups after Shark Tank?
After the broadcast aired and Leslie departed the pitch with a deal, the deal with Lori was completed and they appeared on QVC together.
Bed Bath & Beyond, Buy Buy Baby, and Amazon now sell the product. As of November 2021, the firm is still open and generates $1 million in yearly sales.
Competitors of GoodHangups
The company competes with the following competitors in the market space: 7eye, Readerest, Beard Head, Signal Vault, Lumadent, Jumparoo and Bubba’s Q.
Net Worth of GoodHangups
The company was valued at $1 million during and after the pitch, since then the company has been performing well in sales with annual revenue of $1 million in 2021. This justify that the company net worth had elevated.
What is GoodHangups?
GoodHangups are magnet stickers that are used to display artwork. They can be used on metal, glass, ceramic, wood, and other magnetic surfaces.
Who is the founder?
Leslie Pierson, founder of GoodHangups is the author of “Sticky Art with GoodHangups”.
How much was she asking on Shark Tank?
Leslie was asking for $100,000 for 10% equity stake of her company.
Did she have the deal?
She got a deal on Shark Tank, Lori invested $100,000 for 10% equity stake and they sold out in QVC.
Is GoodHangups still in business?
It is still in business and has been selling well as of November 21, 2021.
What are the customers saying about GoodHangups?
The customers were very happy after using these magnetic stickers to display the pictures. They were happy that they no longer need to nail or use adhesive on the walls. It was really impressive solution.
How much is GoodHangups?
1 pack of 12 is $14.99 from Amazon.
Is GoodHangups profitable?
The company is highly profitable, the sales are profitable and that causes the net worth to elevate.
Is GoodHangups a scam?
GoodHangups is not a scam; it is a tool for creating art and displaying it. Some people make money from the tools and tools don’t mean that people are making money.
Do you sell GoodHangups in bulk?
Yes, we have an entire inventory of GoodHangups in our warehouse located near Los Angeles, CA.
Can GoodHangups do shipping?
Yes, they offer shipping options to their customers.
Do you sell GoodHangups in other countries?
Yes, they do ship to USA, Canada and all over the world.
Is GoodHangups really a good quality product?
GoodHangups is totally made by high quality materials (high grade metal or plastic). They are no way related to low-end products of the market (like fake houses or other deceitful items). They are exact replicas of the original items used in schools and commercial centers.
What are GoodHangups made of?
GoodHangups are made of polypropylene, which is standard clear acrylic plastic.
Does GoodHangups offer discount on shipping?
Yes, they offer free shipping and email notifications on tracking.
Can GoodHangups be used for walls?
Yes, but one need to use a sheet of metal underneath it to hold them up properly. This can be done with several types of metal; aluminum works well, as does steel or stainless steel.
Can I cancel my order?
Yes, customers can cancel the order for any reason.
Do you ship worldwide?
Yes, they will deliver to any part of the world. Unfortunately, they do not ship to Afghanistan, Iran and Sudan.
Do GoodHangups come with a warranty?
GoodHangups comes with a 90-day warranty from date of purchase or when it arrived in their hands. Warranty does not apply to buyer damage due to misuse or improper installation.
What is return policy of GoodHangups?
Customers can return any item they purchased within 30 days of purchase date or when it arrived in their hands.
How do I install GoodHangups?
GoodHangups uses a paper backing to hold the magnet in place, meaning that one simply has adhere the paper to the surface, with the magnet facing down. It is really simple.
What is the net worth of Leslie Pierson?
Leslie Pierson net worth is unknown.