Shark Tank Podcast's video: ilumi Shark Tank Update - Corey Egan - Deal: Mark Cuban

http://www.sharktankpodcast.net/ilumi-shark-tank-update-corey-egan-mark-cuban-deal-season-5/ PREMIUM CONTENT: https://gum.co/regmn I watch SHARK TANK on Amazon: http://amzn.to/2cFVgf2 Corey Egan made a splash in the Shark Tank during Season 5 to pitch iLumi. They won a competition for 5k with their idea for Ilumi. They launched a couple different crowdfunding campaigns, the most recent of which nettted 145,000 (with a 25k goal) They recently scored an update on Shark Tank Season 7 and had done over 2 million dollars in sales. SharkTank50 - Promotion Code! 50% off your purchases Questions: @4:00 - Has your target customer/market evolved since you created the product? @6:40 Van Wilder Comparisons? @7:00 Your successful KickStarter Campaign @9:45 Changes from original campaigns to successful crowdfunding campaign @12:00 - Where did you find the backers? Everyone has 5k people in their personal network Your first 1/3rd to 1/2 of your backing will be from people you know. It’s hard to get press now without earth shattering innovation. It takes grassroots marketing. @15:00 How big is your team? How were you paying them? @18:30 Have the disastrous fluorescent pigtail lights helped or hurt your industry (The government came within an inch of banning the edison lightbulb in favor of these pieces of crap) @19:45 Price drop after Shark Tank @20:50 New Products? @22:10 Progress with your IP since the show @24:10 Kevin O Leary Question about licensing IP vs making light bulbs @29:45 Marks offer and going out unexpectedly @35:10 How did you make sure your airing was a success? @36:40 Website platform @37:30 What other tools did you use to ensure you were prepared? Nimble Shopify Talk to other Shark tank companies 1-800 number @39:40 Scoring deals with retailers like Best Buy and Home Depot @41:15 Retail price should be 3-4x for retail Price @42:00 Looking at the product @42:40 Retail Locations and how it takes to get on the shelves @43:30 Amazon rep in the Shark Tank Update, WHY? @45:10 Amazon Launchpad Criteria Join the SHARK TANK INSIDERS: Text "SHARK TANK" to 44222 (USA ONLY - Sorry) Please Subscribe, Like, & Share for more awesomeness and original content like this. ***************************************************** WEBSITE: http://www.sharktankpodcast.net PATREON: https://www.patreon.com/SharkTank ITUNES: http://www.sharktankpodcast.net/Itunes ***************************************************** Social Media: on https://instagram.com/sharktankpodcast/ on https://www.facebook.com/SharkTankPodcast on https://twitter.com/SharkTankPdCast on http://www.youtube.com/c/SharkTankPodcast