But due to the labeling regulations, many such toxic chemicals don’t make it to the label and are kept hidden from the consumer’s eye while we purchase these so-called deemed children-safe products for our kids. However, around the same time, Megan saw a media coverage segment where they were talking about toxic chemicals being included in children’s products. That definitely didn’t go unnoticed as it gave Christian some really cool curls, and wherever they went, people would ask Megan where they could buy this product for their kids. She first started mixing some of the baby lotions she had for him to create a pomade-like formula suitable for her kid’s hair. Soon she noticed how Christian had curly hair that required taming or else would get matted very easily. So Megan was now a full-time stay-at-home mum, catering to her child’s needs and enjoying it. Prioritizing being a mum over her passion for social work was certainly challenging, but it was her priority and made her happy. However, when she had her second child Christian, she realized how important it was to her to be there with him during his early years over the time she went to work. Megan Gage was also one of such entrepreneurs from Denver, Colorado, who caved into creating a specialized product that would suit her kid’s hair.įormerly a social worker, having completed and earned a highly reputed master’s degree in clinical social work – she had put her heart and soul into all her career achievements thus far. Today, you can bet on time that if you did this with your own kids, they would be disappointed in you for being such a bad parent.īecause times have changed vastly since we were kids, and now children have every product that adults have, specifically created for children’s use. Who Is Hot Tot Children’s Hair Care For?īack in our days, when we were kids, our mothers would bathe us with a bar of soap, clean our hair with the same soap, dry us after and smear powder on our faces, only to announce how amazing we looked.Our Review of Hot Tot Children’s Hair Care.Products are available on the Hot Tot website, and on Amazon.
We have great news to share in our Hot Tot update! The company went on to obtain further testing, and became officially branded as a “hypoallergenic” product. Sales steadily increased, and as of 2023, the company has an estimated worth of $5 million today.
#HOT TOT HAIR CARE UPDATE#
Daymond followed out for the same reason. With that, Megan accepted Mark’s deal, but what happened next? Keep reading our Hot Tot update to find out!
Robert wasn’t sure about Hot Tot, but he felt that Mark would make the better partner and made a better offer than he would, so he was out. Mark said he took “no disrespect” from the request and waited patiently for her to hear out Robert and Daymond John. Out of respect for the other sharks, Megan asked to hear if there were any other offers before accepting. Instead, he offered $75,000, asking for 40% equity in exchange. Mark, on the other hand, told Megan he felt that $50,000 was not enough cash to get things moving. Megan tried to sell him further on Hot Tot, talking about her tradeshow successes, but Kevin unimpressed, responded by going out. Lori echoed her initial concerns regarding the packaging and, although her heart was with Megan, her gut said no. Megan confidently replied that there were 280,000 salons in America, and that the global baby care market was worth $48 billion and expected to grow by 5% in the next 5 years.
Kevin O’Leary, unsure about the market potential, asked what led Megan to her valuation, considering she had only $20,000 in sales. He asked if Megan had performed testing to support her claims, and Megan said she had done some but that additional testing was very expensive. Mark told Megan that he too had a 3-year-old son, and that his son had eczema among other allergies.
However, Megan felt the packaging promoted her brand faithfully and was not interested in changing it. She felt that it didn’t illustrate that the product was meant for children. Lori Greiner liked Megan’s mission of creating a safer, high-end alternative to the comparatively cutesy children’s products on the market already, but she didn’t like the packaging. $7,000 of which was made in the past 12 days, thanks to a special promo run by one of her customers. Megan shared that over 15 months, she had sold $20,000. Mark Cuban and Robert Herjavec wanted to know more about sales.
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