What Is Ink Flip?
Ink Flip is an invention by Andy Sperry that is so innovative, and you wonder why it wasn’t done before.
You can use this system to save money and even protect the environment, requiring almost no effort.
The company also provides printer clients with refurbished, reusable toner cartridges.
Assume that you are out of toner. The Ink Flip service allows you to use an extra cartridge while sending your used one back in the pre-paid and pre-filled box.
There are various advantages to using this system consistent toner supply; better for the environment, saves 70 percent on toner, and does not charge you for shipping charges.
Also, there is a money-back guarantee.
|Product||Printer Ink Cartridge Refill Service|
|Investment Seeking||$150,000 For a 20% stake in InkFlip|
|Final Deal||No Deal|
|Episode||Season 01 Episode 11|
|Business Status||Out Of Business|
Who Is The Founder Of Ink Flip?
Andy Sperry founded the Ink Flip company to save consumers and the environment time and money on printing.
You can save money by renting an ink cartridge rather than purchasing one. Ink Flip is a pre-stamped, pre-addressed box that you can return to us when it runs out of ink.
You will always have an ink cartridge on hand since you will receive an empty one back after filling it.
Ink Flip Before Shark Tank
Ink Flip is a company that sells custom tattoos, founded by a native of Franklin, Tennessee, Andy Sperry.
Andy Sperry promises that his solution will make printing easier for computer users.
Andy Sperry said that clients save money, time, and the environment by using Ink Flip.
Ink Flip employs the same online video rental service model but with ink cartridges instead of movies.
He says that even as a corporate worker Andy Sperry understood that the only means to get ahead financially was to become his boss.
Andy Sperry believes many people can identify with his and his wife’s financial struggles.
As Andy Sperry and his wife discussed their futures with their children, they realized getting out of debt was their primary concern.
Andy Sperry also said people would adore Ink Flip once he gets the word out. His venture can succeed only if the Sharks give him financial and business support.
How Was The Shark Tank Pitch Of Ink Flip?
Andy Sperry appeared on Shark Tank requesting an investment of $150,000 in exchange for a 20% stake in Ink Flip.
Sperry exits the Shark Tank without securing a deal for Ink Flip.
Final Deal: No deal between Ink Flip and Sharks.
What Happened To Ink Flip After Shark Tank?
At the most inopportune time, the ink ran out on Andy Sperry’s printer, a recurring problem for printer owners.
He went on Shark Tank, wanting to gain investment in money and expertise from the sharks.
Sharks did not invest because Andy Sperry had no idea how much it costs to attract new consumers, which was an essential question to which they sought an answer.
No one on Shark Tank has mentioned if Ink Flip is the best or worst inkjet printer. None of the Sharks were interested in investing in Ink Flip because they felt the company was too young.
Andy Sperry needed more time to learn how to make his business successful and profitable before making an investment decision.
Andy Sperry’s business is operating despite failing to gain financing from any of the Sharks.
You may get to the Ink Flip website by visiting https://www.inkflip.com, which is their website address.
The website appears obsolete and archaic in comparison with the latest technology.
As a result, I looked for Ink Flip reviews online, but all I could find was the official Ink Flip Facebook Page.
This page was last updated on the 20th of September 2011. The fact that Andy Sperry needed investment from the Sharks to stay afloat tells me that Ink Flip was a failure.
The Ink Flip website previously supported and sold ink cartridges for many printer brands, including HP, Lexmark, Dell, Canon, and Epson.
You can order a specific ink cartridge by visiting the Ink Flip website and choosing a printer manufacturer, a printer model, and a cartridge model.
To begin the ink cartridge replacement procedure after making an order, you must pay for it.
When the Ink Flip refill cartridge arrives, you could mail your old one back to Ink Flip, and they’d refill it for you.
You’d get your empty ink cartridge back after it’s been restocked, so you’d always have one on hand.
It’s a shame Andy Sperry’s business venture didn’t come out the way he had hoped.
He concluded by saying that you should do your homework before appearing on Shark Tank, which means you should always be ready for any questions the Sharks may have.
Ink Flip Shark Tank Update
Sharks ask Sperry why he didn’t do more study before coming on the show to determine the expense of marketing his company. Sperry admits his mistake.
He couldn’t close the transaction because he was missing a vital piece of information: the cost of acquiring new consumers.
Sperry currently promotes his writings about his Shark Tank experience on social media and the Ink Flip website, which is still up and running.
The company is still open for business. He has managed to keep his refill firm afloat even though the Sharks doubted it would print the money.
Sperry Andrew declared bankruptcy in April of that year and closed his business. He oversees all operations at Renew as the company’s COO in his new role.