Mark Lin was only 17 when he started selling food-scented slime out of his Burbank, California garage in 2020.
He then won over venture capitalists on an episode of ABC’s “Shark Tank,” with his zeal for pitching and the amazing yield his company was generating, where $300,000 was a net profit out of the $540,000 in sales he obtained at the time.
With the assistance of a couple of his buddies, whom he employed for packaging and shipping, Lin, a high school freshman and novice in the industry, developed the slime successfully, enabling him to make $50,000 in sales in his first year of operation.
CNBC reports that Lin’s sales increased to $580,000 the following year.
Sliimeyhoney now sells edible and food-scented slimes with flavors like banana milk, hot cocoa, and birthday cake batter for between $10 and $16 per six-ounce jar utilizing Tiktok as his marketing platform.
The company consistently achieves sold-out sales for its weekly introduction of new products to its almost one million followers.
After a thorough negotiation with Kevin O’Leary and Daymond John, Lin secured $150,000 for 20% share from the two.
This, according to Lin, will be beneficial in moving his company from his garage into a warehouse and gaining mentorship while he still pursues his studies.
John was quoted saying “I believe in you, and we’re going to make sure you go to school, and I will help you with this business.”
Lin is now a first-year college student at UCLA with his company continuously rising.