Some of the businesses that have sprung up through a similar idea include Brick or Potato which is based in Australia, and the company sends messages on potatoes or bricks, another company which has based its operations in this idea include Eggplant Mail which also delivers messages using eggplant. So far Potato Parcel has not received any awards, but the business has really inspired a lot of other business which have grown as a result of Potato Parcel idea. As of now, the company has seven full-time employees who manage orders and create potato designs. Bekhit is now said to now bring in six-figure salary in business according to CBNC. There is also another one called brick or potato, Eggplant mail, and others.Īccording to the Bekhit, the company has now sold more than 70,000 parcels since they were aired on Shark Tank, and they have made sales of more than $700,000.
The Potato company also inspired a lot of companies, and as per now there are a various company doing business based on the same concept, these include a company in Australia which delivers messages at the cost of $10 for a message of 15 words or less than that. The business expanded shipping to Canada, Australia, Europe, and the UK. In 2015, the company reported profits of between $20,000 to $25,000 per month. After the move, Bekhit got more creative and rebranded the business by introducing new products which include Lump of coal Potato, Potato Pal which is a potato with a friend picture, Potato Postcard which simplifies a postcard that is pasted into a potato and Spooky Tater which is a potato that is painted to look like a pumpkin. Potato Parcel was sold to Riad Bekhit, who is a Bay Area entrepreneur for $40,000, and the business was moved to San Bruno, California. While other Sharks found this business a little bit weird, Shark Kevin O’Leary believed in them and offered $50,000 for 10% equity and royalty of a dollar per potato sold, the entrepreneurs accepted the deal. That is when they took the business seriously.
At first, the Sharks found the idea hilarious until the entrepreneurs told them they had already sent 12,000 messages and made sales of $215,000. In 2016, Potato Parcel Founders appeared on shark tank to pitch their business, they asked for $50,000 for 10% equity in Potato Parcel. The potato parcel gained popularity on Twitter, allowing Craig to dream of sending messages out of the popular apps to become a reality. Craig would buy potatoes from the local neighborhood Walmart, and he reportedly made profits of between $10,000- $13,00 per month. Potato Parcel was originally based in Dallas, Texas. Potato Parcel was founded by Alex Craig, who is a mobile App developer in May 2015. Wondering how much potato parcel is worth if it is profitable or not, here is a detailed explanation of inception, Evolution, and net worth. Your feedback will not only help us improve the show, but it will help us connect with more high flyers like you.The company was founded by Alex Craig, who saw the idea through a viral post on Reddit that was about mailing a potato with stamps, the post had gained popularity and had more than 2 million views in less than fours.
Want to subscribe to the Ecom Exits Podcast with Nate Ginsburg? Have some feedback you’d like to share? Connect with us on ApplePodcasts and leave us an honest review! Click here to Listen, Subscribe, and Review Ecom Exits Podcast on ApplePodcasts Subscribe to their newsletter, or connect with them through Facebook, Twitter, Instagram. Send your loved ones the most unexpected gift by heading over to the Potate Parcel website. Incorporating his knowledge on customer service has helped in maintaining continuous patronage of the product with 20% order coming from repeat customers.The product has a built-in virology given that recipients of their products would often become new customers as well.
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