In this day and age, you would be hard pressed to find someone who isn’t looking to make it big. While embarking on a career path may be among the best ways to acquire wealth, the fact that the global economy is still recovering from a recession has made it very hard for job seekers to become employed. On the flip side, there is always the option of creating your own career in the form of a business. In fact, when seeking unheard of amounts of wealth, this may be the number one option. Unfortunately, creating a business isn’t easy by any means. Even the most rock solid of ideas can falter without proper financing. Luckily, there are countless investors itching to throw money at the next big thing. ABC’s Shark Tank is a perfect example of this where business savvy sharks including Mark Cuban, Kevin O’Leary, Daymond John and more, judge ideas on whether or not they should receive financing. In fact, unless you’re already well connected within the business world, auditioning for Shark Tank may be one of the best ways to get your idea into the spotlight and hopefully acquire some start up cash. But exactly how does one go about auditioning to be on Shark Tank?
First and foremost, you’re going to want an idea. Due to the nature of the show (and the producer’s wish to keep viewership on the incline), this can’t be just any idea. Instead, you’re going to need an over the top, unique and highly realistic idea that would wow your co-workers just as much as it would Warren Buffett. If that seems like a daunting task, that’s because it is. The producers of Shark Tank are constantly sifting through thousands of auditions from highly dedicated individuals, or teams, looking to take their idea to the next level. If you need help coming up with an idea, taking a look at previous episodes and taking note of what made the cut is a great place to start. This will allow you to gauge exactly what the judges are after and what types of products will spark the interest of producers enough to let you on the show. However, it’s important to make sure your idea isn’t too similar to something that has already been on the show as this will surely dash your chances. Keep in mind that you’re not only looking for an idea that will make money, but also one that will be interesting for people to see on television.
Contacting The Producers
After committing to an idea that you’re passionate about, it’s time to make your initial contact. ABC has set up a website that will provide hopeful contestants with contact information to get in touch with the show’s producers. This will be your first chance to pitch your idea. Included within your first email, the producers require your name, age, contact information, a recent photograph and a brief description of your idea. Name, age and contact information are pretty straightforward but special attention should be paid to the photograph. Seeing how you’re going to be on television, you’re going to want to look your best which means professional attire and a clean cut look. Not only will this show the producers that you’re serious about your idea but it will also sway them in your favor given the fact that you’re, again, going to be appearing on television. Finally, the description of your idea. This is where you pull out all of your guns and make sure you detail your idea in full. Not only do you want to show the producer’s why your idea is interesting, but you’re also going to want to show how it will make money. If you need help with this, contacting a business advisor to help get your idea across in a professional and straightforward matter may be your best bet.
And, that’s it! As you can see, applying to be on ABC’s Shark Tank isn’t very hard – in fact, it’s incredibly simple. However, coming up with a proper idea and making sure that the idea is presented in a professional and straightforward manner may be one of the hardest things you’ve ever pursued. The prize, however, is enough start up capital and business advisement to help you succeed. What are you waiting for? Your success awaits.