The Shed Defender is a piece of clothing dog owners can put on their dogs to stop them from shedding fur all over the house. Dogs are constantly shedding fur, which ends up on furniture, appliances, and even the clothes the dog owner is wearing. The dog wears the shed defender, which is a piece of clothing. Since it covers the dog’s whole body, it won’t shed any clothes inside or on the owner. Tyson Walters and Myles Walters came up with the idea for the business.
The Shed Defender is a onesie for dogs that is light, made of materials that are easy to breathe through, and good for the environment. Veterinarians have approved the design, which is safe and makes the dog feel good. It saves the owner a lot of time cleaning, so they can do other things.
People who have bought the Shed Defender have also said that it makes their dogs less anxious. Some people have said it could be used instead of the cone of shame. It wasn’t easy to start the business and get it going. Even though Tyson and Myles have had a lot of sales, they have had problems like insufficient money.
Tyson had to give up his patents on the products because they couldn’t afford to pay for one. Because of these problems, they wanted to be on Shark Tank. They were invited to the second episode of the tenth season. Their request was granted.
Shed Defender Net Worth
Then Mark Cuban asked them how much they cost to make. Tyson said that the small one would sell for $6.23 and the big one would cost $13.20. Shed Defender was making a profit of about 80%, which the sharks thought was a lot. Tyler then talked about the other good things that had come from using the Shed Defender.
Then Robert asked if the Shed Defender makes a dog too hot. He was told that the fabric is very light and lets air through. He also said that the clothes shouldn’t be worn all the time for several days in a row. It was meant to be worn for hours, not days, like when you took your dog for a ride in the car.
Lori then asked if they had a patent for their idea. She was told they didn’t have one because getting a patent was expensive when they first started. Kevin then asked him if he was worried about copycats since if the business grew, other people would start making the suits, and there would be no way to tell them apart.
Mark Cuban agreed with their plan and thought it wasn’t a bad idea to go without the patent if it wasn’t available. Since they were already making $1.2 million, Robert then asked them how much they thought they would sell in the next two years.
Myles said that they thought they would make $2.5 million in sales. Barbara asked them how they planned to get there, and Tyson said that they were aiming for the big box stores. Then Mark Cuban left. He said that he thought the idea was good but that he didn’t know much about the pet industry and didn’t think he could help them get started. He also said that he thought their current sales model was good and that he wasn’t sure if it was a good idea to reach out to big box stores.
Barbara said that the idea that a business needs more ways to make money has put a lot of people out of business. Robert agreed. She told the Walters that they should keep working on what they already have before starting to sell things in stores. She couldn’t understand the business, though, so she had to leave.
Kevin said that he didn’t believe in the idea at first, but the Walters had persuaded him, so he would give them $250,000 for 33.3% of the company. Then, Robert gave them the same deal as Kevin, which was $250,000 for 33.3%, but he said he was a better person to work with.
Lori told Kevin that she didn’t agree with his idea that they shouldn’t be in retail after he made his offer. She even thought they should be on TV shows. She then gave them the $250,000, but they had to pay her 28%. Then Tyson asked her if she would be willing to be a 25% partner. She asked if they knew what “no” meant. They said they didn’t know anything about it.
Then she said yes, and they came to an agreement. Tyson said he was glad Lori took him up on the offer. He thought she would sell a lot of things because she had sold them on QVC before.
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Shed Defender on Shark Tank
Tyson and Myles tried to sell 10% of their business for $250,000. They brought out dogs wearing the Shed Defender suit for their presentation, which the sharks really liked. There were also some samples given out. Kevin’s first worry was whether or not dogs could go to the bathroom without having to take the suit off. He was shown that dogs could go to the bathroom and do their business without having to take off their suits.
Then, Mark Cuban asked them to tell him about their sales. Tyson said they had been in business for about 18 months and made $1,200,000 before taxes. In sales, they had moved 25,000 units. The sharks thought this was a significant figure.
Then Lori asked where their product was sold. Tyson told her that they sold it in their store and on Amazon. He also said that they had just started selling it whole. The next question was how much each size sold for. He said they came in nine sizes. The mini, which would be the smallest, would be sold for $39.99. The largest one would cost $62.99 to buy.
Shed Defender Now in [Year] – How Are They Doing After Shark Tank?
Since it was on Shark Tank, Shed Defender has had a lot of success. At the time, they only sold onesies for dogs. But they have added leashes, soft chews, and shampoo for dogs to their line. Their products are made from used water bottles, so they can be used repeatedly.
Their social media presence has grown a lot. They now have more than 20,000 Facebook fans and more than 16,000 Instagram fans. The value of Shed Defender is now $4,100,000 per month. They also say that they make an average of $700,00 a month, meaning they have met or exceeded the goals they set for themselves. Some famous people have even been seen dressing their pets in their clothes. Even though the COVID-19 pandemic slowed them down, it slowed down almost every business. It was probably just a small bump in their road to success.
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