Sunday, October 6, 2013

@ Mango Mango Mango Preserves

Spread it, mix it, shake it, stir it.
Spread it, mix it, shake it, stir it.
Spread it, mix it, shake it, stir it.

Mango Mango Mango Preserves jingled their way into the Tank asking for $75,000 in exchange for a 25% stake in their mango jam business. While they didn't walk out of the Tank with a deal, they taught some invaluable lessons to entrepreneurs and small business owners, three of which I would like to highlight today:

The first is how to give an effective presentation. From the moment these three women walked in, it was clear that they not only had a clear plan of action, but that they rehearsed it to perfection. Their jingle was catchy, their timing was impeccable, and their market knowledge was impressive. But to top all this, their samples were a home-run! Robert alone must have taken quadruples of each dish, and each and every Shark testified as to how great the jams and cream cheese tasted. Getting positive testimonials from all five Sharks is not very common, and is undoubtedly worth the efforts of getting featured in the Tank, even if you leave empty-handed.

The second is about entrepreneurship and friendship. In almost every pitch, the Sharks ask the entrepreneur what his/her background is. In this particular pitch it was Robert who asked this question, and I think we were all somewhat surprised by the answer which was given: A military spouse, a physician, and a registered nurse. Now who would have ever guessed that these three women with very seemingly different ambitions would join forces and create a jam business? It just goes to show that anyone can have that spark of entrepreneurship which can push them to fulfill their true passions at some point in their life. Some people are born with it. Some people are dragged into it. But the bottom line is that anyone can do whatever they put their minds to, especially when their best friends are holding their hands.

The third is the importance of staying positive. Throughout the entire pitch, the Mango Ladies smiled, laughed, and remained positive even when the Sharks were bowing out. They left a very positive feeling in the Tank and showed everyone that even in tough times it is important to stay happy and positive. (And if anyone has any trouble with staying happy, just think about Daymond's reaction when he heard that Kevin O'Leary used to own a jam and jelly business!). I am confident and can only hope that these hard-working entrepreneurs will prove the old saying to be true, that when you smile to life, life will always smile back to you.

Overall Performance: Presentation: 47/50. Strategy: 23/25. Product: 22/25.

8 comments:

  1. I tasted their Jam in Hampton, VA and took 3 jars back to my home in Florida. It's so yummy! The taste is so fresh and the mango flavor makes you go back for more,

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  2. Received the two jars I ordered. The jam is incredible on it's own. I'll try the recipes as soon as possible!

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  3. The ladies were great! Their product is great! But in order to get the Mango Mango Preserves on store shelves, they must expand the processing to the point that customers can readily buy it at the grocery store. How wonderful it would be if it was on the shelf in every WalMart!!

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  4. These ladies were bombarded with orders (50k) after the Shark Tank airing. Despite the pressure of amping up production and the constant nagging from impatient customers on Facebook...they stayed positive, nose to the grind, took care of the customers inquiries and production in a timely manner. Great way to run a businss! They will succeed without the Sharks.

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  5. Even though they didn't get an investment, they left viewers, fans, and the Sharks in a positive mood. It just comes to show that at the end of the day, you can have a good time and make the best of every situation you find yourself in!

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  6. I love these ladies! I have my order in and it is on its way. They have remained positive and upbeat even in the face of many impatient customers. They have kept us updated with information. They have made their UPS guys famous. They have put that extra touch of mango fluff in every box. I love companies that go the extra mile to make the customer happy. To me they are right up there with the DOVE chocolates that put a positive quote on the inside of the wrapper that adds a bit of brightness or the Mary Kay product that adds a touch of magic when one opens the box and inside are the words "Hello Gorgeous". What a day brightener.. These ladies comment on the posted comments and still keep spreading it, mixing it, shaking it, and stirring it. So excited for their success.

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  7. Just received my order. OMG So delicious I know I'll be ordering more. Love these ladies. Even though higher than normal production slowed down the delivery process they kept in touch and always were thanking me for my business and my patience. I wish them much more success. They deserve it.

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  8. My husband and I have been watching Shark Tank for a couple of years and this was the very first time we ordered a product from the show. We are SO happy we did! We're just kicking ourselves now that we didn't buy more than two jars. Mango Mango Mango Preserves is so delicious and addictive! I love to eat it right out of the jar, but I really should start trying out the recipes. Very happy with their success and we'll keep supporting them!

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