Twitter: @Shak74
Website: www.Shak74.com
If you are the kind of person who stores your power tools near your shoes, boy does Mike Quinn have a product for you. Quinn is the inventor of the Buffer Bit, which is a furry drill bit for your cordless power drill that you can use to shine your shoes. The bit is priced at $19.95 (each costing him $9 to produce), and comes with three different wool pads for polishing different surfaces. The bit can also be used to polish your vehicles and other aluminum and chrome products. Similar items that are self-contained and that just polish shoes can range from around $30 to $100, so this is quite a bargain. Quinn entered the Shark Tank asking for $75,000 for 25% of his company, valuing his Buffer-Bit business at $300,000.
