A former Pittsburgh Steelers player named Marvin Phillip came up with the idea for the Lifter Hamper after sustaining a back injury that ended his playing career.
He gave investors on Shark Tank a pitch for his spring-loaded hamper that, when it detects that it is being loaded with a heavy item, causes the bottom to lower.
The unique Lifter Liner of this cutting-edge washing hamper enables it to sink to the bottom as the weight of the clothes is added to it and then rise to the top as the clothing is removed.
This laborious errand is made much simpler because it can be moved easily from one room to another since it features both a handle and wheels.
The Lifter Hamper is a fashionable option that features an exterior shell that can be removed to reveal various color options.
It is normal for the bottom of the lifter hamper to rise when the weight in it is less. The goal is to unload the hamper without requiring the user to bend over an excessive amount.
He does have some contracts even though he hasn’t made any sales before entering the Shark Tank.
One of the reasons why the negotiations are problematic is that they are being conducted with manufacturers’ representatives.
Marvin explains to the Sharks that the Lifter Hamper can benefit users other than injured athletes. The Lifter Hamper will be helpful to people of advanced age as well as pregnant ladies.
Lori Greiner believes that Marvin needs to improve his hamper because the wheels don’t roll very well on the carpet, making it difficult to move around.
What Is Lifter Hamper?
The Lifter Hamper is an innovative laundry hamper that drops down with weight and rises to the top as laundry is removed from the hamper. The Lifter Hamper has a patented Lifter Liner.
This innovative laundry hamper features a Lifter Liner that allows the hamper to drop to the bottom with the weight of the laundry and rise back to the top when the laundry is taken out.
You can easily move Lifter Hamper from one place to another with the wheels and handle, making that back-breaking task much easier.
Lifter Hampers have a removable outer shell making them as fashionable as functional. You can choose from several colors.
Lifter Hamper is a bungee spring-loaded laundry basket that descends as you fill it with laundry but rises again when you remove it from the sink to dry it in the washing machine or dryer.
Additionally, Lifter Hamper saves you the effort of bending over, which is very beneficial for people who suffer from back difficulties.
|Company Name||Lifter Hamper|
|Product / Business||A laundry hamper that raises clothes from the bottom|
|Investment Asking For||$85,000 for 12% equity in Lifter Hamper|
|Final Deal||No Deal|
|Episode||Season 4 Episode 4|
|Business Status||In Business|
Who Is The Founder Of Lifter Hamper?
Lifter Hamper was founded by former NFL player Marvin Phillip, whose career was cut short by injury.
When Marvin Philip was playing football for the Pittsburgh Steelers, Cleveland Browns, and Buffalo Bills, he suffered injuries to his low back that resulted in extreme discomfort. Marvin Philip invented the Lifter Hamper as a result of his injuries.
He searched for a way to remove soiled items from hampers that require you to bend down because he is uncomfortable and has limited mobility.
He has invented a revolutionary Lifter Hamper made of material that, when you remove the clothes from the top of the hamper, raises the clothes from the bottom, preventing you from bending down to remove the clothing.
He was uncomfortable due to the constant hunching over. The Lifter Hamper was the result of his idea.
He invested approximately $75,000 of his own money in developing a design and acquiring a patent.
However, he lacked the necessary financial resources to manufacture and market his product. He was still able to negotiate contracts with e-commerce companies such as Amazon while this was going on.
He sought out an investor who was both a mentor and someone who could give him advice on making the product even better.
Marvin began to hunt for a mentor and investor who would not only aid him in getting his invention into production but could also assist him in improving it.
Lifter Hamper Before Shark Tank
Marvin Phillip introduces himself in an audition video as he sits on the sidelines of a football field.
He claims that he was picked up by the Pittsburgh Steelers in 2006 and played with them until 2011.
Unfortunately, Marvin suffered a back injury a few years later, which forced him to retire from professional football.
He started watching television instead of playing football, so he did not completely give up on football.
Even the simplest tasks requiring him to bend over, such as carrying out laundry, were difficult for him to accomplish because of back discomfort.
He explained that he had been looking for a solution that would assist him in adapting but that nothing on the market met his needs.
Marvin, on the other hand, chose to design his own. The footage showed him working on his computer, receiving orders from customers.
Because Marvin was new to the business, he expressed his desire to learn from the Sharks and gain their advice. He said that his product had enhanced his quality of life and elevated his mood.
How Was The Shark Tank Pitch Of Lifter Hamper?
Marvin appeared on Shark Tank seeking an investment of $85,000 in exchange for a 12 percent stake in Lifter Hamper.
He retold the story of how he got started and added that his injuries had a negative impact on his football skills and his ability to do laundry.
He stooped down to retrieve the laundry from the basket situated on the stage. He said that the strain on his back caused by bending over to retrieve the laundry basket and lifting the large loads was excruciating.
Marvin claimed that it was around that time that he had the inspiration for his device, which he called the Lifter Hamper.
He described the idea by stating that it was a spring-loaded liner placed inside a laundry hamper.
When you add more garments, it gets lower, but it gets higher again once some items are removed.
The Lifter hamper will remain at a constant height for the user, making it possible to retrieve items from the top at any time.
Marvin continued, stating that his idea was not only for injured NFL players but for anyone who has difficulty bending over. Marvin stated that this was the driving force behind the invention.
He mentioned that it is also suitable for older people like Kevin and pregnant ladies, and people who have problems with their backs.
Kevin cracked a grin as the other members of the Sharks chuckled. Marvin instructed the Sharks to ease their burdens and let the Lifter Hamper do the work on their behalf.
Mark Cuban believes he cannot assist him with the Lifter Hamper even though he washes his laundry and has had back problems in the past. He is out.
Daymond John is a fan of Marvin, but he is a Shark because he is willing to invest in a firm in exchange for 12 percent of it even though it does not have a lot of value right now. He is out.
Kevin O’Leary has decided to leave because he’s unhappy about the value of the company he’s entering.
Lori Greiner is a fan of the lifter hamper, but he is concerned that it would not be easy to transport. She has moved on, but she leaves the possibility open for him to get in touch with her in the future.
Robert Herjavec believes that it is too soon to invest in Lifter Hamper and that Marvin should first try to sell some hampers before making any financial commitments.
Final Deal: No deal between Sharks and Lifter Hamper.
What Happened To Lifter Hamper After Shark Tank?
Marvin Phillip launched a crowdfunding campaign on Indiegogo.com within hours after his appearance on Shark Tank.
He didn’t time the campaign launch to coincide with the episode’s premiere, even though he reduced his asking price to $25,000.
Yet, Marvin still raised $10,000 for the Lifter Hamper, and he was awarded the funds.
Their Twitter feed has a top-pinned post from 2015 in which Household Essentials is featured.
Lifter Hamper is currently on sale on Amazon for around half of its original retail price, and it’s received positive customer feedback.
Lifter Hamper appears to be continuing operations despite not being awarded a contract on Shark Tank.
Lifter Hamper Shark Tank Update
Phillip convinced himself that he was onto something even though Marvin did not get a contract on the Shark Tank show due to the very positive feedback from viewers.
Marvin took the concept of the Lifter Hamper and launched a CrowdFunding Campaign on Indiegogo.com to raise the necessary funds for the development of this invention.
Lifter Hamper received excellent exposure due to the show, even though Lifter Hamper did not receive a deal from it.
They ran a campaign on IndieGoGo and successfully raised more than $16,000. Their items were available to order from both the official website and Amazon.
Lifter Hamper’s products do not appear to be available for purchase as of May 2022, even though the brand was licensed to Household Essentials, an online shop that specializes in the sale of household goods, in 2015.
Marvin’s assessment of the Lifter Hamper was more realistic, as demonstrated by his decision to cap the bid at merely $25,000.
He might have made yet another mistake when he failed to time the crowd-funding effort to coincide with the Shark Tank Effect, the moment when millions saw this product for the very first time.
The Lifter Hamper had raised over $10,000 by the end of the crowdfunding campaign, and orders for it were still coming in even though the word was starting to spread.
Marvin decided to extend the campaign and set a new goal of $2500, which resulted in a total of $4990 being raised by the time it was over.
Is Lifter Hamper Still In Business?
Marvin Phillips licensed the lifter Hamper to a business named Household Essentials, which is responsible for marketing and distributing the hamper. The agreement became effective on August 1st, 2015.
Lifter Hamper is available through Amazon’s shop and Prime, making it one of today’s most innovative products.
While Phillip did not receive a contract on Shark Tank in 2012, viewers urged him to continue with his venture, which led to the launch of an Indiegogo campaign in the following year.
Phillip successfully raised funds necessary to bring Lifter Hamper to fruition. Lifter Hampers are now available for purchase on Amazon for the low price of $40.
Lifter Hamper is still in business as of May 2022.
What Is the Net Worth of Lifter Hamper?
The valuation of Lifter Hamper was $700,000 when it appeared on Shark Tank.
The net worth of Lifter Hamper as of May 2022 appears to be $1 Million.