However, it is a success that people are still buying, and it can be seen selling out pretty fast on Amazon. It is interesting that such a neat product has run stale in the design and really hasn’t evolved much since 2018. Today, SnapClips are a successful business, still commonly seen on the market and online forums. However, with negotiations being carried on, the other three seem to find common ground with a 10% stake each for $150,000, and just like that, Martin lands a unique successful deal on Shark Tank. However, soon the negotiations begin, and two out of the five judges don’t seem to find their interest in the product and the product industry. Much to boost his confidence, all the judges are clearly impressed that he is only 19 and accomplished. And so the young entrepreneur showed up on the stage talking about how his innovation is the best in the market and pitching the idea of $150,000 in exchange for a 15% stake in his company. He wanted to upscale his business and start selling bulk orders directly to gyms. All of a sudden, the people who were part of his survey operation were now using his products, and Martin knew that the formidable step from here was Shark Tank. He was using military-grade Kevlar that reinforced the high strengthening of the rubber and fabric blend. Martin was confident in his business skills as well as his product quality. He launched the products in multiple colors, including black and orange becoming instantly iconic. This landed him a selling patent and consequent orders from all over the world. A snap-around bracelet that went around the barbell to be tightened with the help of a Velcro strip attached to it. Therefore, in order to continue enhancing the product, he used to reach out to powerlifters, crossfitathletes, and other gym enthusiasts, so their input helped him perfect the design of his product.Ĭontinuing to work and study consistently, the hard work finally paid off when he officially launched SnapClips. However, despite his studies in the running, he kept on working on the product that has landed his interest in the business side of things in the first place. He graduated the next year in 2016 and went on to get himself a business degree to venture out his entrepreneurial skills. Thus, he went on to earn more than $23,000 on his own in return for approximately 600 orders. Soon enough, in the spring of his senior year, his Kickstartercampaign happened when his fellow students loved his idea. He wanted to create better quality and easy-to-use white collar gym accessories and so went on to make a prototype out of slap wristbands. In fact, he was just a high school senior when the idea came to him first. However, have you ever been so involved in your workout or training that you invented a piece of equipment that makes the job easier for you? We bet not everyone thinks like this.īut that didn’t stop Martin Dimitrov, a fresh young graduate of the University of Illinois, Chicago, from pursuing and accomplishing his business idea. So any innovation in the gym equipment means a plus for people like us and is definitely well-received. Many of us may consider ourselvesto begym junkies or fitness enthusiasts.
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