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Since its inception in 2009, Shark Tank has helped countless entrepreneurs turn their ideas and dreams into breakthrough products, while impressing and convincing a panel of elite, successful investors to invest in their venture. Many inspirational Shark Tank success stories in the health and wellness space have emerged in recent years, specifically involving the ketogenic diet or keto diet. The keto diet is all about eating high fat and low carb for weight loss and other health benefits. A few entrepreneurial enterprises introduced their keto-related products and projects through the stage of Shark Tank and did extremely well in the marketplace.
The Story of Keto Success on Shark Tank
The most famous success story from Shark Tank in the keto space is likely Keto Cookie – the product of three weeks of keto loneliness, and a multi-six-figured business opportunity. The entrepreneurs pitched their cookies on the show and ended up getting a deal for 100 per cent of their Keto Cookie business with she says, what is now the ‘world’s best investor’. The cookies were wildly popular, seen not as an illegal keto cookie, when one cookie for the blessed was equivalent to three or four for the uncertain, but as a free pass to eat a cookie without guilt, because it fit into a keto diet.
One viewer-favourite keto success story on Shark Tank is the keto meal-delivery service ‘Keto Meals’. The inventors of Keto Meals saw a gap in the market to offer pre-prepared keto meals that consumers could heat up in their microwave and eat in a hurry. The ‘Sharks’ on Shark Tank invested in Keto Meals and the company expanded its offerings and customers shortly after the show.
The most fresh-thinking keto product to come from Shark Tank is the ‘Keto Tracker’, a tool to help followers keep track of their ketone levels, and stay on track with the diet. The American entrepreneurs who built the device appeared on the TV show and successfully secured funding to launch the Keto Tracker. Keto followers have flocked to buy it.
Lessons Learned from Keto Entrepreneurs on Shark Tank
One of the most important lessons to take away from successful keto entrepreneurs on Shark Tank is differentiating yourself from the competition. In this modern era in which the market is awash with similar offerings, having a unique selling proposition is the only sure way to make your product or service stand out. It could be a new package with a special ingredient, a brand story that sets you apart from others, or a blend that simply tastes better.
The second lesson is to be authentic. The contestants who did the best on Shark Tank – and whose products have gone on to see tremendous growth in sales – all seemed to love their keto products and believe that the ketogenic lifestyle benefits consumers. They passionately shared these feelings with the investors on the show. Their genuineness and openness with the audience came through in their pitches and presentations, and it made their offerings more trustworthy.
Third, as with any entrepreneur, it takes perseverance to succeed. Not all pitches get deals, and not all products become overnight bestsellers. But if you stay true to your vision, pivoting off feedback and continually innovating, there will be breakthrough moments. It may not be a direct path to long-term success, but you are more likely to succeed over the long term because you understand the history behind its successes and failures. And that’s why keto success stories, no matter how challenging, remain all the more inspiring on Shark Tank.
Conclusion
On the whole, what do Shark Tank’s keto success stories teach us about becoming an entrepreneur in the health and wellness space? Follow in their footsteps; learn from their mistakes; apply their hard-earned lessons to your own business idea. Maybe your business is keto baking; maybe it’s meal prep; maybe it’s tracking devices. Maybe it’s a unique take on one of these sub-niches, or maybe it is something else entirely. Whatever the case, there’s a place for you in keto on Shark Tank and in the rest of the world.
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