Souls Calling Shark Tank Update | Souls Calling after Shark Tank
What is Souls Calling?
Souls Calling were a gift and accessory company that specialized in creating and selling goods with inspirational and motivating themes.
The firm created umbrellas, water glasses, heavyweight acrylic bangles, bracelets, and sandals that leave messages in the sand to help make the world a better place.
Gina Cotroneo, the creator of Souls Calling in 2004, has held a variety of jobs during her career. She began her career at Publicist as an Art Director before joining Artful Technologies as Creative Director.
When she joined Blake-Miller Communications, she held a similar function. Ms. Cotroneo is currently a freelance Creative Director and Marketer.
Who is the founder of Souls Calling?
Gina Cotroneo, the founder of Souls Calling in 2004, has held a variety of jobs during her career. She began her career at Publicist as an Art Director before joining Artful Technologies as Creative Director.
She was assaulted in her Dallas residence in 1997. She was distraught.
As a result of her attack assisting authorities in apprehending the serial criminal, she survived not only her personal recovery process, but also his high-profile trial and conviction. Cotroneo was adamant that the incident would not ruin her optimistic attitude on life.
In 2004, she founded Souls Calling, a company that created and marketed goods with inspiring quotes. Cotroneo inscribed each parcel with her distinctive smiling heart in an attempt to forward her agenda for global happiness.
Cotroneo has a varied product range and has been approached by several stores about stocking her items, but she is up against a significant obstacle: pricing.
Due to the fact that she is a tiny business with limited purchasing power, her pricing per item is significantly greater than if she were able to purchase larger quantities of each product at a time. For instance, if she purchases 3,000 umbrellas, her MSRP will be $24.95.
By purchasing 6,000, this cost is reduced to $15. A financial infusion would enable Cotroneo to cut her prices and sell more merchandise, so increasing her sales and, consequently, her profit margin.
What Happened to Souls Calling at Shark Tank pitch?
Cotroneo decided to take her business to the Shark Tank investors into assisting her in scaling her firm.
Cotroneo enters the Shark Tank seeking for $150,000 for 25%stake of her company at valuation of $600,000.
She is assured and succinct in her sharing of her narrative and explanation of the concept behind Souls Calling.
The Sharks raise their eyebrows at her belief in Positive Energy Transfer, but they appear pleased when she shows her items.
To begin, she unveils the Inspirabrella, a vibrantly colored umbrella imprinted with uplifting quotes, as are all of her items.
Robert Herjavec chuckles, but Barbara Corcoran and Daymond John agree as she explains how the brilliantly colored umbrella, along with the encouraging message, empowers both the bearer and bystanders.
Kevin O’Leary, who presents the question regarding the sales, brings Cotroneo optimistic presentation back to reality.
Cotroneo remark, that sales were $11,000 in the last year and $18,000 in the previous two years, sends a shock of dismay through the Sharks. O’Leary summarizes: “Money has no soul.”
He informs Cotroneo that her revenues just do not match her firm valuation. He has departed. Daymond John admires her passion and calling, but he believes the potential is simply not there, and therefore rejects her.
Barbara Corcoran also refuses the offer. The last Shark, Robert Herjavec, advises her that “the business is communicating with her,” that she should exit what is plainly an unsuccessful operation. Despite her conviction in her product line, Cotroneo exits the Shark Tank without any deal.
What Happened to Souls Calling after Shark Tank?
Despite the disappointment of being rejected by the Sharks, Cotroneo did not instantly abandon her business. Her performance on the show garnered her more television appearances on shows such as Oprah.
She pursued her passion until 2012, when she sold the firm to explore new opportunities. While Souls Calling has concluded, Gina Cotroneo spirit lives on.
Net Worth of Souls Calling
The company was valued at $600,000 during the Shark Tank pitch. Since then the company is no longer in operation thus the company net worth is unavailable in 2021.
Souls Calling FAQs
What is Souls Calling?
Souls Calling are a gift and accessory company that specializes in creating goods with inspirational and encouraging themes.
The firm creates umbrellas, water glasses, heavyweight acrylic bangles, bracelets, and sandals that leave messages in the sand to help make the world a better place.
Who is the founder of Souls Calling?
Gina Cotroneo is the founder of Souls Calling in 2004.
How much was asking on Shark Tank?
Cotroneo was seeking for $150,000 for 25% stake of her company.
Did she get the deal?
NO, she did not get any deal on Shark Tank.
Is Souls Calling still in business?
NO, the company is no longer in operation.
Where are they located?
They are located in Dallas, TX.
What’s the phone number?
The public number of the company is unavailable.
Does Souls Calling make money?
Souls Calling have been operating for over a decade, but the company is not making profit.
What are the products they were asking money?
They were promoting their umbrellas, bracelets and sandals with inspiring messages.
Is any plan for Souls Calling to resume?
NO, the company is not planning to resume.
Is Souls Calling a scam?
NO, they are not a scam.
Is Souls Calling good for investment?
NO, it is not a good investment.
Is Souls Calling legit?
YES, they are legit.
How much does it cost?
It costs between $11 to $32 to buy from their online store.
What is the delivery charge?
The company ships for free within the USA at their expense.
Is there any other place to buy from Souls Calling?
Yes, one can buy directly on the official website of the company.
What is their website?
The official website of the company is www.soulscalling.com
Are Souls Calling ships internationally?
NO, the company does not provide international shipping.
Is Souls Calling safe to buy online?
YES, it is safe to buy.
How tall are the employees of Souls Calling?
None of the employees of the company are known.
How many levels are there in their support system?
They have one level in their support system and that is Customer Service.
What is their product warranty?
There is NO product warranty provided by the company.
Does Souls Calling have any plans for the future?
NO, the company does not have any plans for the future.
What are Souls Calling’s threats?
There are NO threats provided by the company.
How many years has Souls Calling been in business?
The company has been operating for over a decade.
Is Souls Calling safe?
Souls Calling are a safe site to buy from.
What are the complaints other people have against Souls Calling?
One of the complainers said that their company is not fulfilling their commitment even though they paid for their items.
Is there any customer support provided by Soul’s Calling?
Yes, they have a customer support team and that team is capable enough to help anyone who needs their help.
What is the net worth of Gina Cotroneo?
The net worth of Gina Cotroneo is unknown.