Kids love playing with slime but adults can also have fun with the gooey product. Sliimeyhoney makes slime exclusively for adults. They are great stress relievers, and their scent can have a calming effect. Founder Mark Lin, pitched the business on Shark Tank and got a deal with Daymond John. As of 2024, Sliimeyhoney is worth an estimated $750,000.
Who is Mark Lin?
Mark Lin is a young entrepreneur and social media marketer from Los Angeles. Currently, he’s studying Cognitive Science & Business Economics at UCLA.
The savvy marketer built up a large following on TikTok and now has over 997,500 followers. Mark mastered the art of creating viral content and understands how TikTok’s algorithm works. The company also has an Instagram account with around 71,000 followers.
Founding Sliimeyhoney
As a teenager. Lin started making clever slime designs as a hobby. Not exactly a common hobby but it helped him deal with stress. He soon realized it could become a serious business opportunity and began selling his creations.
The UCLA student sold his first slime on Etsy in 2018 and hasn’t looked back since. They were made of glue, essential oil, and borax and had a pleasant smell. His most popular designs are themes like gourmet food, but it should be noted that they aren’t edible.
The company continued to grow and Mark hired some of his friends. In 2020, he launched a website to sell direct to consumers. Lin applied to appear on the show twice but on the third time he finally got a call from Shark Tank producers.
Shark Tank Appearance
The then 17-year-old gave an enthusiastic pitch and did a great job explaining the benefits of his product. Lin revealed he sells over 100 different slimes and operates the business from his parents garage. He has healthy margins but makes the product himself and helps pack orders.
The Sharks were shocked by the sales figures, Sliimeyhoney did $50,000 in 2020, $580,000 in 2021 and $540,000 in revenue so far for 2022. Kevin O’Leary was the first to make an offer of $150,000 for 30%.
Lori and Cuban dropped out believing Lin didn’t need an investor. Daymond jumped in and offered $150,000 but for 25%. Lin countered with $150,000 for 20% and eventually went with Daymond John.
After Shark Tank
The episode aired in December 2022 and Sliimeyhoney got a huge boost in sales from the publicity. The youngster was already doing well and didn’t need to bring on an investor. With over $1.7 million in lifetime sales, it might make more sense to drop out of college and really go for it.
Right now Mark Lin’s main goal is finding a warehouse and moving operations out of his parent’s garage. He has plans to get into major retail chains like Target and Walmart.
Sliimeyhoney is only available on a few online platforms such as Etsy, TikTok shop, and its official website, Sliimeyhoney.com. Many of their products have a 4-star and above rating on their website. You can use the code “Sharks” to get a 15% discount.
Sliimeyhoney is worth an estimated $750,000 and made well over $600,000 in sales for 2022. The deal with Daymond John hasn’t been finalized yet but should close in a few months unless Lin changes his mind.
