Lori Greiner says work-life balance isn't easy — shows what went into making her millions
Television personality, entrepreneur, inventor, and star of Shark Tank, Lori Greiner has a lot to say about work-life balance. Taking to social media, the angel investor shared some tips from her treasure chest for people to try and find the valuable balance.
"Work/life balance isn’t easy, but here are some of my tips on how I handle it. #tips #worklifebalance," the shark wrote in her social media post. In the video, Greiner emphasized that one of the best methods to strike a balance is to include family, friends, and loved ones in the work sphere. “Being included is probably one of the best things that we can do and gifts we can give to those that we love," she said.
She said it works even better for entrepreneurs who work for long hours, as it prevents them from feeling excluded. She further pointed out that when people feel "left out," it creates emotional strain.
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Given her track record and immense success, the advice could only be sound. Greiner has invented hundreds of products and holds 120 patents, all while leading the show on QVC, "Clever & Unique Creations by Lori Greiner".
Lori Greiner stands out as a successful American jewelry designer and reality TV judge, with a net worth of $150 million. As an entrepreneur, Greiner has created over 700 products and holds an impressive 120 patents in the US and across the globe. But she has achieved considerable popularity in recent times as one of the "Sharks" from the show "Shark Tank."
Greiner's main revenue stream is her designer jewelry business, which took off back in the mid-90s with an awesome idea for a plastic organizer that could hold 100 pairs of earrings. And guess what? This genius earring organizer was such a hit that JC Penney decided to sell it just before the holidays.
That earring organizer raked in over $1 million in just one year, and this money helped Greiner pay off a big loan. And hold onto your seat for this one – within three years, Lori's business made more than $10 million in sales. Fast forward to 2010, her brand "For Your Ease Only" had made an incredible $350 million in sales.
Since 2000, Lori Greiner has been hosting a popular monthly show on QVC called "Clever and Unique Creations by Lori Greiner," which is one of the longest-running shows on the network.
In 2012, during Lori Greiner's inaugural year on Shark Tank, a sponge brand called Scrub Daddy showcased a product that altered its texture according to the temperature of the liquid being used. Lori Greiner clinched the deal by offering $200,000 for a 20% share in the company. This investment has proven to be one of her most successful ventures, as more than 10 million units were sold by mid-2022, generating an estimated revenue of $209 million. A smart move that paid off handsomely for Lori Greiner!
According to Variety's estimate, Lori Greiner earns around $50,000 for a single episode of Shark Tank. As a shark, she also gets the chance for investment returns if their deals pan out. Lori Greiner reportedly makes around $1.1 million per 22-episode season of Shark Tank and roughly $5 million annually from her original retail business. With her investments as a Shark, a successful book, and a new production company in the mix, her total earnings are likely in the millions.