OneSole is the creation of Dominique McClain Barteet, who designed a shoe that features an interchangeable look. She is pitching in Shark Tank Season 2.
Dominique’s idea is seeded when she bought the same three pairs of shoes in different colors at the mall. She felt that there had to be a better way to get three different looks, without buying three pairs of the same shoe.
Dominique is an avid traveler and wanted the ability to take multiple shoe designs in a single pair of shoes. She changes the look quickly to match any outfit she has.
Comfort and convenience in OneSole Shoes
OneSole is best known for comfort, and they retail for $70-80, with the tops ranging from $12-30.
OneSole shoes have over twenty-million dollars worth of sales in four years in 2,000 stores around the world. Dominique also sells her footwear on QVC.
Production of the shoe molds is in Italy, with the uppers in Palm Beach, Florida. She is not good at sourcing, which is what she is after in an investor.
On top of that, Dominique McClain Barteet is a pharmacist by trade! She did this business in the back of her pharmacy and ended up moving her pharmacy into the back end of her Shoe manufacturing facility.
Dominique’s shoes hold two utility patents with more pending. She has purchase orders internationally.
OneSole Episode Statistics
Company: OneSole
Website
Entrepreneurs: Dominique McClain Barteet
Ask: $500,000 for 20% equity
Companies in this episode: CittiKitty, Samson Martin, Aldo Orta Jewelry, OneSole
Season 2 Episode 208
Sharks: Kevin Harrington, Daymond John, Kevin O’Leary, Barbara Corcoran, Robert Herjavec
First Aired: 05/12/2011
Deal: Daymond John $500,000 for 35% equity
What do the Shark Tank Investors say about OneSole
- Kevin Harrington offers to team up with Robert doing $250,000 each for a total of 50%
- Daymond John offers $500,000 for 35% equity and does not want other partners in the deal.
- Kevin O’Leary offers $500,000 for 51%. He wants control of the brand.
- Barbara Corcoran does not make an offer
- Robert Herjavec is willing to do the deal with the rest of the Sharks. He offers $100,000 for 10% equity if the other Sharks match.
After Shark Tank – OneSole
OneSole continues to be a big seller all over the world. Lori Greiner even put her name on it to sell on QVC. You can purchase the convertible shoes on Amazon