OneSole Shoes was the invention showcased in episode 208 of Shark Tank by Dominique McClain Barteet. Barteet began her professional life as a pharmacist.
She decided to buy several pairs of the same shoes in various colors rather than spend hundreds of dollars on multiple pairs of the same shoes.
Before coming up with the OneSole Shoes, she experimented with several possible solutions. Because the shoes have interchangeable sections, wearers can switch between styles and colors without worrying about purchasing new shoes.
One Sole has a particular attraction for people who travel a lot. When there are many tops for each sole, women will not have to take up valuable luggage space when traveling with as many pairs of shoes as they wish.
Barteet’s success in the early stages of his career has established a strong brand that should attract the Sharks’ interest in the future.
What Are OneSole Shoes?
OneSole Shoes are remarkable inventions that let women customize the components of their shoes based on the color and style they prefer. The shoes come in a variety of colors and styles.
The product is supplied with a range of soles that can be used with several tops to create a customized look.
Travelers can reduce the amount of luggage they carry with the versatility of the luggage.
Additionally, this means that it is no longer necessary to purchase numerous shoes of the same design.
OneSole Shoes was founded by Dominique McClain Barteet on the side while working as a pharmacist at a local hospital.
In 2003, she opened her independent pharmacy in North Palm Beach after beginning her pharmacy career as a technician at Pharmacist Medical Drugstore.
She continues to pursue her pharmaceutical passion while also serving as the company’s CEO she co-founded in 2002.
Many women have benefited from her endeavor because of the way she has approached the project through trial and error.
|Entrepreneur||Dominique McClain Barteet|
|Product / Business||Shoes that are interchangeable|
|Investment Asking For||$500,000 for 20% equity in OneSole|
|Final Deal||$500,000 for 35% equity in OneSole|
|Episode||Season 2 Episode 9|
|Business Status||In Business|
Who Is The Founder Of OneSole Shoes?
Dominique McClain Barteet founded OneSole Shoes in 2002 in West Palm Beach, Florida, with the help of a group of friends.
The idea that she could change the colors and styles of shoes on the same pair of shoes was more appealing than she had initially imagined.
Dominique began experimenting with this concept in the pharmacy’s backroom as a test area.
It was only through trial and error that Dominique developed the idea for OneSole shoes, having no prior experience in the shoe business or the business world. She had no prior knowledge of either.
Dominique eventually created the OneSole shoe brand, which is now recognized for its versatility since components can be switched out without affecting its overall appearance.
Dominique knew she would need outside assistance if she wanted to take OneSole to the next level and disrupt the market.
A shark might be interested in investing in her company, so she entered the tank in hopes of getting an investment.
Visitors to OneSole are highly attracted to it. Multi-soled shoes allow women to travel with as many pairs of shoes as possible without valuable luggage space.
OneSole Shoes Before Shark Tank
Dominique McClain Barteet is the founder of OneSole, specializing in women’s footwear. OneSole is the first and most iconic interchangeable shoe.
During her first years working as a Pharmacist, Dominique repeatedly purchased the same pair of shoes in various colors, such as navy, grey, black, and orange.
She suspected there had to be a more convenient way of changing the same pair of shoes’ colors and styles.
Dominique began experimenting with this notion in the back area of her drugstore, where she had previously worked.
Dominique developed the concept for OneSole Shoes entirely by trial and error because she had no experience designing shoes or running a business.
Dominique’s perseverance was rewarded when she established the OneSole brand, which is now well-known for its adaptability, allowing users to swap out different parts of the shoe.
Dominique also enjoyed the notion that she had, in the end, produced the perfect traveling shoe for women all around the world by designing OneSole.
The OneSole is the ideal alternative to packing multiple pairs of shoes in your luggage when traveling.
Dominique believed that her company, OneSole, would benefit from outside assistance so that it could go to the next level and disrupt the market.
She entered the shark tank hoping that one of the sharks might be interested in investing in her company.
While the sharks would not only provide her with some additional funds to allow her to build OneSole, they would also bring with them their business skills as well as critical ties with retailers to the company. The question is, will OneSole be a hit with the sharks.
How Was The Shark Tank Pitch Of OneSole Shoes?
Barteet appeared on Shark Tank with a request for $500,000 in exchange for a 20 percent stake in One Sole Shoes.
During the show, Barbara Corcoran is invited to try on a pair of shoes after she gives a brief demonstration of them.
Corcoran refers to the shoes as “paradise,” indicating that he is quite pleased with their comfort.
Kevin O’Leary was skeptical about Barteet’s valuation until he learned that they have more than $20 million in revenue and that their products are sold in over 30 countries.
Her sales for the current year have exceeded $4 million, and she has made more than $1 million in profit. She owns all of her patents, trademarks, and copyrights.
The Shark Tank is where Barteet is looking for a business partner. OneSole Shoes could not successfully launch into the retail sector due to a lack of distribution contacts. The statistics on her performance impress them.
Kevin O’Leary has inquired whether she would be interested in selling the entire company.
Unquestionably, her presence has attracted the attention of the Sharks’ coaching staff.
Robert Herjavec is the first to make an offer. His willingness to invest $100,000 for a 10 percent stake in the company is contingent on Daymond John, Kevin Harrington, Kevin O’Leary, and Barbara Corcoran, each investing $100,000 and 10 percent of the company as a condition of his participation.
Barteet has no time to respond, so Daymond John offers $500k for a 35 percent stake in the company, effectively excluding the other Sharks from the deal.
As the company demands too much of Barbara Corcoran’s time, she declines to make a formal offer.
Kevin O’Leary proposes they sell the company to recoup their investment and make both of them wealthy after fully acquiring the company. Barteet declines his request.
Robert Herjavec and Kevin Harrington offer $500,000 each to take a 50 percent stake in the business in exchange for a 50 percent stake.
Daymond John’s offer of $500,000 in exchange for a 35 percent stake in the company is accepted by Barteet, who had previously rejected the offer. She’s landed a Shark deal and a business partner for her OneSole enterprise.
What Happened To OneSole Shoes After Shark Tank?
The deal with Daymond on Shark Tank has allowed Dominique to take OneSole to levels she never thought possible.
She is most certainly done operating her pharmacy in the back of her shoe factory, as she states.
Dominique shares her personal story of how she rose to the top of the corporate ladder through her motivational presentations since the success of OneSole.
Recent developments have prompted Dominique to explore Kevin O’Leary’s recommendation that she sells the company to cash out and retire.
OneSole Shoes is available for purchase in stores and on websites such as Amazon.com.
You can purchase the OneSole shoes by visiting this link: onesole.com. OneSole has undoubtedly become one of the most crucial successes from the shark tank to date!
OneSole Shoes Shark Tank Update
Dominique has pushed her business to an entirely new level since signing the agreement with Shark Tank in 2015.
Barteet now runs OneSole Shoes out of a globally recognized brand – no longer a mail-order pharmacy and a shoe business out of a back room.
She now spends her time cheering on other entrepreneurs and even investing in the early stages of start-ups that she believes in.
Her successful transition from One Sole to success has been made possible with a little help from the Sharks.
Dominique has recently been exploring the possibility of licensing One Sole Shoes or selling the company outright.
She is trying to cash in on her incredibly successful business to enjoy a comfortable retirement.
According to the most recently available information, one Sole Shoes appears to be still operating as of April 2022.
Dominique should be well-prepared for retirement when the time comes, as the company generates $6 million in sales annually.
Are One Sole Shoes Still In Business?
Onesole offers a diverse selection of tops in various prints and designs. Whether you want to show your support for your favorite sports team or pay homage to the King of Rock & Roll, the Elvis Presley Collection can be the perfect shirt for you.
There are more than 20 different categories to select between. These distinctive soles are available in various styles, including kitten heels and flip flops, and they can be worn by children or adults alike.
One sole also has a growing accessory and travel wear business in addition to its footwear.
The most popular items include halter tops, dresses, hoodies, and pre-packaged travel packs. One sole is the next phase in the evolution of functional clothing.
One Sole continues to be a popular choice among consumers worldwide. Lori Greiner even put her name on it so that it could be sold on QVC. The convertible shoes are available for purchase on Amazon.