Sofia Overton is the founder of Wise Pocket Products, a company that produces socks that are designed with a large and durable pocket that can accommodate items like mobile phones, epi-pens, and inhalers. The socks are a stylish and creative product, and they have been successful in the market since they appeared on Shark Tank. The company has grown, and the net worth of wise pocket products is quite impressive.
The company is based in Bentonville, Arkansas. Sofia was inspired to create the product when she noticed that her friends and family members used their phones while they were walking or running. This led her to develop a sock design that included a large and durable pocket that could hold their mobile devices. In 2017, she started Wise Pocket with $10,000 of her own money. She also got help from her parents, her patent attorney, and her local Chamber of Commerce. Sofia has a strong commitment to social issues and donates one pair of her socks to homeless children’s shelters for every pair that is sold. She has plans to expand her business by introducing leggings with pockets as well.
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Is Wise Pocket Still In Business?
After appearing on Shark Tank, Sofia Overton’s smart and innovative product left the judges in awe. She had the perfect pitch for her product and was able to convince Lori Greiner and Daymond John to invest in her business. The product has been a great success in the market, and the company’s focus on innovation, quality, and customer satisfaction has helped them to achieve significant growth.
As of 2023, wise pocket net worth is estimated to be over $200,000. The company is still operating and has continued to grow its revenue base. Despite the company’s success, they have not been able to maintain their growth rate in recent years due to increased competition. The company has a good chance of staying successful in the long run if they can improve their sales and marketing strategies.
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The Wise Pocket sock was created by Sophia Overton, an 11-year-old girl from Bentonville, Arkansas. The young entrepreneur was inspired to start her own business after she saw her cousin putting her phone in her boots because her leggings didn’t have any pockets. This made her realize that a solution was needed and led to the creation of the Wise Pocket sock. The sock has a large and durable pocket that can hold items like mobile phones, epi-pens, inhalers, or whatever else you need to keep close at hand. It can be worn on either foot and is available in several colors and styles. The sock is very popular and has received excellent reviews from customers. It has even earned a spot in the Top 50 Most Inspiring Shark Tank Businesses of All Time. The company is a true testament to how young entrepreneurs can use their passion and creativity to build successful businesses. The sock is currently on sale for $15 each.