How Much is Jason Daymond’s Pooch Selfie Net Worth?
Pooch Selfie is an attractive dog toy that helps take the best photo of your pet. It’s a smartphone attachment that holds a squeaky ball and a holder for your phone, helping you to get that perfect shot. Initially, it was available only on Amazon, but it’s now readily available at a variety of retailers, including Target, Bed Bath & Beyond and many others.
Its appearance on Shark Tank was a huge boost to its sales. The company had already sold about 25,000 units of the device at $9.99 each. Jason had also worked with manufacturers in China on molds for the devices. In fact, he travelled there to get an idea of how the manufacturing process works.
In the Shark Tank game, Jason pitched his company, a pet photo accessory company, and offered a $100,000 investment for a 20% stake in the company. Despite the company’s success, it still wasn’t enough to sustain his family. In addition, he’s still an electrical salesman. In fact, he’s been working in that field for quite some time.
There are plenty of companies out there that are trying to emulate Pooch Selfie, but none come close to Jason’s. He claims to have spent three years developing the device, which is a feat in itself. During that time, he’s also traveled to China to learn about the manufacturing process. It cost him about $18,000 to produce the device, but the results were worth it. He now has about 18,000 units in stock.
Among the perks of appearing on Shark Tank was the fact that it helped Jason build his company. He was able to secure intellectual property rights, obtain funding for the product, and generate $380,000 in online retail sales. He also raised about $40k through a Kickstarter campaign. In the end, Daymond offered him a deal for his company.
While his appearance on Shark Tank was the most publicized, it wasn’t the only reason for the company’s growth. As of August 2022, the Pooch Selfie website is still active. It’s also been restocked on Amazon, making it more accessible to customers.
Jason also made the most of the opportunity by submitting a pitch for his product to the crowdsourcing site Kickstarter. He managed to raise almost forty thousand dollars, which he used to purchase molds from a Chinese manufacturer. He also had a lot of trouble with knockoffs on Amazon, so he opted to do a little traveling there himself.
The Pooch Selfie is the first of its kind, but it doesn’t seem to be the last. He’s got a follow-up product in the works that would place a treat at the top of the gadget. He’s also looking to use his $100,000 to develop a better version of the Pooch Selfie. He’s hoping that will get him noticed in the pet photo accessory business.
Regardless of whether or not you decide to invest in a Pooch Selfie, the fact is that it’s an awesome invention. It has helped Jason create a better selfie and gotten his dog to stop drooling.