Monday, 8 July 2013

You Smell Soap Update

You Smell Soap on Shark Tank

Luxury Soap - Season 3 Episode 301 Update
Megan Cummins on the Shark Tank
Robert Herjevic closes Deal with Megan Cummins
During the Shark Tank Show
 The You Smell Soap Brand was started by Megan Cummins to bring new luxury soap into the market. What started out as a College project on custom packagin turned into the You Smell Soap Brand which she had two distinct scents made into 1200 bars of soap to test the market. She clearly states the company is in "Pre-Venture Stage" with no sales to speak of. The luxury soap was sent to different outlets around the world to test the market and come up with a price point for this luxury item. With several interested stores, Urban Outfitter's was the largest Company interested in perhaps carrying the You Smell Soap Brand.
You Smell Luxury Soap
Megan then brings out other invention which is You Smell Paper Soap. It's as you guessed it, soap on a convenient piece of paper and packaged as a convenient way to clean up, not to mention a great impulse buy sitting on store counters.

You Smell Soap Shark Tank Recap:

Megan came into the Shark Tank looking for a $55,000.00 investment in exchange for a 20% equity stake in the You Smell Soap Business. Mark Cuban is the first to offer a deal to  Cummins for exactly what she is looking for. He then tries to close the deal before any of the other Sharks can even make an offer.
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