The Simply Fit Board is an intuitive piece of fitness gear that facilitates at-home workouts. The intended results of using the Simply Fit Board are a smaller waist, less of a muffin top, better balance, stronger abs, and toned legs. The user must rotate the board with both feet on either side at the same time; the board is somewhat curved and comes in a variety of colors.
This forces one to inadvertently work on core strengths in order to maintain balance. Enjoyable twisting motions strengthen your back, legs, and core with the help of the lightweight, curved board made of high-quality plastic. To increase the difficulty of your workout, try using free weights. In this article, we will discuss Simply Fit Board Net Worth and many things related to it.
Who Is The Founder Of Simply Fit Board?
Gloria Hoffman created and now runs Simply Fit Board. She previously ran the corporate executive mentoring firm Legacy Leadership Team before launching Simply Fit. Zrii, a direct-sales firm, was the client for her second project. Their company started up two years before they made their TV debut. During her interview, Linda Hoffman made that very point. It was at the age of 60 that she noticed a gradual increase in her waist circumference. She put on weight because she loved to eat.
When Linda decided to join her grandchildren on the skateboard, she found that it helped her in all the right ways. The Simply Fit Board was developed when she and her daughter considered making a product like it. After making their initial sale out of the trunk of their car, they went on to sell more than 28,000 boards. To secure funding for a production boost, they went on Shark Tank.
Simply Fit Board Before Shark Tank
Linda and Gloria, mother and daughter, designed the Simply Fit Board. As a senior citizen, Linda wanted to develop a product to assist her in her weight loss efforts. It was a joint effort by Linda and Gloria to develop and market the Simply Fit Board, a device designed to facilitate the more rapid loss of abdominal fat. The board was motivated in large part by Linda’s fight to maintain a healthy weight after age 60. To create a low-cost and easily accessible option, Linda enlisted the help of her daughter, who is a fitness trainer.
Whether you’re on carpet, linoleum, or hardwood, Gloria made sure the balancing board could be used for training. The mother and daughter pair traveled the United States demonstrating their goods to retailers in an effort to drum up business. They had sold approximately 30,000 pieces over the course of nearly two years before appearing on Shark Tank, but that number would pale in comparison to what they would sell after being presented to a far broader audience. It was with Gloria’s help that they created a novel balance board. Can the Sharks be enticed by this fresh take on an old idea? As everyone is interested to know about Simply Fit Board Net Worth.
— Simply Fit Board (@simplyfitboard) May 29, 2020
How Was The Shark Tank Pitch Of A Simply Fit Board?
While on Shark Tank, Linda and Gloria sought a $125,000 investment in exchange for a 15% ownership in Simply Fit Board. Lori Greiner, in the end, agreed to contribute $125,000 for an 18% interest in Simply Fit Board. Simply Fit Board Net Worth.
What Happened To Simply Fit Board After Shark Tank?
Lori and Linda are seen in charge of an exercise class in the QVC Simply Fit Board video. In case you missed out, QVC is still selling it for $39.96 plus shipping and handling. In addition to offering free activities on its website, the Simply Fit Board may be purchased there as well. The day after the program aired, QVC was completely out of stock, selling 500 boards every minute.
It seems the product was out of stock over the holidays but is now available again. Social media posts from Simply Fit Board promote the sale of fitness DVDs at the low, low price of $9.95. The Board Mat is now under production, and pre-orders can be placed on their website. A partnership with Lori felt ideal. Simply Fit Board Net Worth.
Simply Fit Board Net Worth
When Simply Fit Board went on Shark Tank net worth was $833,000. As of the year 2022, Simply Fit Board has accumulated a Simply Fit Board Net worth of more than $1 million. Simply Fit Board Net Worth.
Simply Fit Board Shark Tank Update
It has been reported that within the first 24 hours after its appearance on Shark Tank, the Simply Fit board sold over 500 units each minute. The Simply Fit Board was an instant hit with QVC customers, and within three days, the company had to stop taking orders because they had completely sold out of the product.
Approximately 3,800 boards were purchased within the first day the show was broadcast. Nearly $170,000 worth of merchandise was sold throughout that period. Simply Fit Board had to temporarily stop taking orders since they had more than 5,200 orders in progress at once. Over the past year, Simply Fit Board generated sales of $160,000,000 and is now stocked in over 5,000 retail locations across the United States.
For its clients’ convenience, Simply Fit Board is developing an exercise mat for use with its product. They also offer a DVD that shows individuals how to use their board for various exercises. Normally priced at $39.99, Simply Fit Board is currently on sale for $19.99. The Greiner sisters made a $260,000 profit last year on sales of 575,500 units, as they said during a business pitch.
More than 160 million Simply Fit Boards have been sold since 2015, according to Lori Greiner’s website. Less than a year later, Simply Fit Board’s revenues topped $9 million. We also sent this product to every Walmart in the country. Up to the year 2022, Simply Fit Board has already made over $160 million in sales.
Is Simply Fit Board Still In Business?
It’s true that in 2022 Simply Fit Board is still operating. Since its initial appearance on Shark Tank, the Simply Fit product has sold over $160 million at retail. It is now carried by Home Depot, Walmart, Bed Bath & Beyond, Kmart, and other major retailers in the United States and across the world.
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