Dr Oz: Lori Greiner, Shark Tank
Lori Greiner created more than 400 inventions and says that anyone can strike it rich with their next big idea. She actually reigns over a multi-million dollar empire that all started with a jewelry organizer. She shared that she came up with an earring organizer idea and knew that if she had that problem, other people did. She had to figure out how to make it, market it, sell it, and all of that, and after that she “got the fever” to come up with more ideas.
She said she believes that women can do anything and the Internet makes it easier. She believes that women are strong and creative. As for the most cold-hearted shark, Lori said Kevin O’Leary takes home that title.
Dr Oz: Stool Makes Pooping Easier
Lori has invested in more than 30 products on Shark Tank and she brought in one of her favorite products. A mother-son team pitched their solution to alleviate constipation: the Squatty Potty. It looks like a foot stool and was created by a mother and son who put their heads together. The mom shared that her doctor always told her that she should “eliminate with her knees above her waist.”
Julie and Bobby came up with the idea to create the Squatty Potty, which corrects your pooping posture. Their slogan is “changing the way we poop, one ‘STOOL’ at a time.” Scientific research backed their claims so they took their idea to Shark Tank and accepted Lori’s offer.
Within the first 48 hours, they hit $1 million in sales. They’ve sold over 750,000 Squatty Potty products.
Dr Oz: Squatty Potty
Julie shared that in 2010, after using her makeshift Squatty Potty, she knew she wanted to share her idea, so everyone got a Squatty Potty for Christmas. After about two weeks, she started getting phone calls and text messages from people who loved it, so they started sharing it as well. They got more requests and knew they had a product they needed to bring to the market.
Bobby said he was shocked by how many people struggled to poop, and was glad they had a solution. Lori said she also knew that a lot of people were having troubles and would love the product.
Dr Oz: Think You Have A Good Idea?
Lori said if you think you have a good idea, do market research and make sure people would love the product. Ask everyday people and if you find out they’re interested, take the next step.
Would you buy the Squatty Potty? What if it came in discreet packaging?