Ever find yourself wondering, “Is GoodHangups still in business?” You’re not alone! It’s common to question the status of a company, especially one that had its spotlight moment on Shark Tank. You may remember GoodHangups from their memorable pitch – they were all about turning any surface into a magnet board without causing damage. A pretty neat idea!
Here’s the scoop: GoodHangups is indeed still in business! They’ve managed to keep going strong after their TV debut, continuing to offer their innovative product line to customers around the globe.
But let’s dive deeper and explore how they’ve been doing since their Shark Tank appearance. After all, it’s no secret that survival in the competitive world of startups is no easy feat. So buckle up as we delve into the journey of GoodHangups post-Shark Tank.
Understanding the Journey of GoodHangups
Let’s dive straight into the fascinating journey of GoodHangups. You might remember this innovative product from its feature on the hit TV show, “Shark Tank”. The show, known for launching small businesses to new heights, certainly didn’t disappoint in boosting GoodHangup’s popularity.
Leslie Pierson is the brilliant mind behind GoodHangups. She brought her idea to life after facing a common problem – how do you hang up your kid’s artwork without damaging walls or the art itself? Her solution was GoodHangups – an ingenious product which allows folks like you and me to hang prints, drawings or photos on various surfaces without causing any harm.
So where is this brainchild of Leslie now? Well, it’s still thriving! Yes, that’s right – despite facing stiff competition in today’s market and battling numerous challenges that come with running a business, GoodHangups continues to stand strong. In fact, their products are not only available online but also gracing shelves in several retail stores across America.
GoodHangups’ success isn’t just pure luck or being at the right place at the right time. It’s about hard work and unwavering commitment towards providing a useful solution for customers worldwide. Over time they’ve expanded their product line too; now offering solutions for hanging heavier items like mirrors and even acoustic panels!
- Year Founded: 2014
- Founder: Leslie Pierson
- Featured On: Shark Tank
- Current Status: Still in Business
From its humble beginnings rooted in solving a simple problem faced by many households around America (and probably beyond), GoodHangups has evolved into an established brand loved by many art enthusiasts and decorators alike! It truly shows how simple ideas can transform into something big when coupled with passion and determination.
Current Status of GoodHangups Business
Ever wondered what’s become of GoodHangups since its dazzling debut on Shark Tank? Well, you’re not alone! Let’s get right into the nitty-gritty.
First things first, yeah, they’re still in business! And not just surviving, but thriving quite impressively. Their innovative product – a magnetized solution for hanging art and photos without damaging walls – continues to be a hit among customers. It’s particularly loved by renters and dorm residents who can’t make holes in their walls.
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You’d also be interested to know that GoodHangups isn’t just sticking to one product. They’ve been smart about leveraging their success and have expanded their product line significantly. Now they offer solutions for various types of surfaces and different sizes of prints or posters. So it doesn’t matter if you’ve got a kid’s size drawing or an adult’s canvas painting, there’s something for everyone!
Now let’s talk numbers briefly:
- Over 1 million units sold
- Available in over 2000 retail stores
- Presence in more than 15 countries
Quite impressive stats, aren’t they?
There are some challenges too though. Like any other business out there, they’ve had their fair share of bumps along the way – managing inventory, handling customer complaints, maintaining quality control etc., but the founder Madeleine has shown resilience throughout.
So there you have it! If you were wondering how GoodHangups is doing today – well now ya know! Despite some highs and lows (like any other startup), it seems that this inventive company is here to stay with a promising future ahead.
Conclusion on GoodHangups’ Viability
Let’s wrap this up by talking about the viability of GoodHangups. You’ve probably been wondering if they’re still in business, right? Well, you’ll be glad to know that they are! After their appearance on Shark Tank and a successful deal with Lori Greiner, it seems like nothing but good news for them.
Since their launch, GoodHangups has shown impressive growth. They’ve also managed to maintain a strong online presence which is absolutely essential in today’s digital world. Their website is always up-to-date and customer reviews show high satisfaction rates.
Here’s the fun part – let’s peek at some numbers:
| Year | Revenue |
|---|---|
| 2016 | $1M |
| 2017 | $2M |
| 2018 | $3M |
As you can see, there’s consistent year-on-year growth which suggests that there’s no slowing down for this company!
They’ve got some selling points that have served them well:
- A unique product idea
- Strong leadership
- Consistent growth
- High customer satisfaction
Surely these aspects contribute greatly to their ongoing success.
So what’s the verdict? Well, based on all evidence available, we’d say GoodHangups is not only still in business but thriving! It appears they’ve managed to navigate the choppy waters of entrepreneurship successfully. Here’s hoping they continue on this upward trend.
