123, IT’S SHARK TANK!
First into the tank is the inventor of a directory that will help notaries vastly improve their business.
JB: Hi, Sharks. My name is Jeremy Belmont. And I’m seeking an investment of $500,000 for 10% of my company, 123Notary.com. How many times have you needed a Notary public, and thought “Damn. Where can I find me a decent Notary Public?” Sharks, your searches are over. With 123Notary.com, we get the most serious customers, because we have the best quality notaries. We get 170,000 visits per month. That’s 170,000 more visits per month than Mr. Wonderful makes to the barber.
MR. WONDERFUL: I’d much rather see my money grow than hair.
ROBERT: So walk me through the business model, Jeremy.
JB: We use a lot of social media and search engines to gather up steam, to get good traffic, and we also keep the site well organized. Make sure people have good notary public note sections, reviews. We spend a lot of time making sure people improve their knowledge and pass their certification.
BARBARA: How is that different from other sites?
JB: They don’t put as much attention into the marketing and organization as we do.
LAURIE: Tell us a little about you. How did you get into this line of work?
JB: I started out by being a notary public.
MARK: Good for you, man.
JB: Starting from the ground up is okay as long as you don’t get ground up.
BARBARA: I get a good feeling from you, Jeremy, and I’m going to make you an offer. But I need a little more skin in the game.
MR. WONDERFUL: Hopefully not the skin around your neck.
BARBARA: I wasn’t talking to you, skinhead. I’ll offer you $500,000 for 20% of the company.
MR. WONDERFUL: Ouch. She just cut the value of your company in half.
JB: I appreciate your offer, but if you don’t mind, I’d like to respect the other sharks and hear if anyone else has an offer.
MARK: I like what you’re doing. I like that you started from the ground up. As you know, I own the Dallas Mavericks. And every time they swear to me they won’t blow a shot, I’d like them to swear in front of one of your top-notch notaries, so I’ll tell you what. I’ll go in with Barbara if she’ll have me.
BARBARA: I’ll have you, Mark.
MR. WONDERFUL: Gross.
MARK: 500 K, 20%. But you get two sharks. Ten percent each.
JB: Would you be willing to split the difference at 15%?
ROBERT: I’ll take that deal.
JB: Would you agree to take that deal by signing this paper I have one of our top notaries witness?
ROBERT: I’m out.
LAURIE: You never told us. Why do you need the money?
JB: I want to buy an office.
MR. WONDERFUL: Where are you working now, out of your car?
JB: No, I’m working at home. I want to get an office, so I can have my staff all under one roof. It’s hard to stay unified when you’re all working in separate places.
MR. WONDERFUL: You live in your car?
BARBARA: You’re so mean.
JB: I don’t want to rent an office, because I don’t like the fact you can’t open the windows. I want to be able to customize it to my own needs, which includes having windows that actually open. I have a hard time working without oxygen.
MR. WONDERFUL: That makes you an “airhead” for the right reasons. I’m fine with that. Well, Jeremy, I’ll make you an offer. I don’t want any equity. Zero. Zip.
MARK: Here it comes.
MR. WONDERFUL: I want a 2% royalty for every signing you make. And after I make six times my investment back – Poof. I’m gone.
JEREMY: Darn. You’re still here.
LAURIE/BARBARA/MARK: For that putdown alone, we’ll match your offer.
JEREMY: I’m about to say yes in… 1…2…3!
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