Categories: Finance and Commerce

I was rejected by Shark Tank four times and now my business is worth $100m – I think Mr Wonderful is ‘ridiculous’

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In an exclusive interview with The U.S. Sun, Vaccarella revealed that she was rejected from Shark Tank four times.

Over 10 years later, her business has exploded and is on track to hit $100 million in revenue.

Read more on Bogg Bag

RISKY BUSINESS Mom used kids’ college fund to start side hustle & now makes $100m a yearBOGG BAGS I began my side hustle with my son’s $60k college fund and it’s now worth $100m

“It was the perfect idea for my dream beach bag.”

Robert Herjavec admits he was ‘jealous’ of Shark Tank co-star Mark Cuban – but meeting billionaire made him richer

Mr Wonderful, one of the infamous judges on Shark Tank, often says that “if you’re not all in, you’re not really in” meaning that to truly commit to a job or business venture, you need to dedicate yourself fully and put in your maximum effort, not just half-heartedly participate.

LOYAL FANS

The company is still focused on cultivating strong relationships with their customers, often reposting them and their Bogg Bags at the beach.

It had to be durable, water resistant, washable, sandproof, and big enough to carry everything she needed.

New Jersey woman Kim Vaccarella created the Bogg Bag after she realized the perfect beach bag did not exist, setting out to make it herself.

THE founder of the viral Bogg Bag has revealed she was rejected by Shark Tank four times and believes a key piece of advice from Mr. Wonderful is “ridiculous.”

Spending all of her savings including her son’s $60,000 college fund, Vaccarella was looking to make something specific that would work perfectly for all her needs as a busy mom of two boys.

The idea behind this phrase, repeated by Mr. Wonderful on the show, is that the best business results come from people who fully invest and commit to their ideas.

“We could get 20 pictures a day in the heat of summer and it was very real, our customers loved it.”

“I liked the material, how it got warm and pliable in the heat but it didn’t get hot and if you got sand in it you could just hose it off or wash it in the shower,” Vaccarella told The U.S. Sun.

She said it was often unrealistic to expect women to put their livelihood and families at risk when you don’t actually know if it would ever be successful.

The U.S. Sun also recently reported how a couple turned their $50 side hustle into a $25 million company.

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Greg Smith

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