Is Mark Trying To Rebrand Retold Recycling? | Shark Tank US | Shark Tank Global
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- Опубликовано: 30 сен 2024
- Alan Yeoh & Amelia Trumble are seeking $300k for 15% of their business, ReTold Recycling, which acts as a clothing recycling service.
From Season 14 Episode 14
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why would the average consumer even think about paying 15 dollars to get rid of their clothing, when they can just dump it in the trash, give to social stations etc. makes really no sense imo
Well they have sales
Right, or also just drop it off at a donation place.
@@houchi69 time is money
@@mrhumble2937money is money lmao i’m not gonna pay $15 to throw something away that’s crazy
@@mrhumble2937 correct, that's why I plan...lol
“To appear to be more sustainable” are such strong and honest words
1000 rupees says this deal will never close
Yes, we know India has a lot of people, yes we know u are proud to be indian.
Greenwashing
Thats literally why i paused the vid. Like damn these companies are soo scummy
I was literally typing that when I looked down and saw your comment... lol
Why would I pay to give u MY clothes 🤣🤣
Please give us your old clothes, we'll sell them for profit. If we can't sell them, we'll turn them into building material for profit. Oh, and also, give us $15 for that. 🤪😂
@@clemensruis 😂😂😂
@@clemensruisthat’s how “donating” blood works
@@Jay-om8gr Are you serious? There are countries where you have to pay to donate blood? 😂 Here, in Austria, you get some sort of compensation, depending where you go, and what 'part' of your blood you donate.
@@clemensruis no i mean, they make it seem like it’s a life saving charity and you’re doing the right thing for humanity. But…the companies turn around and sell the blood that you gave them for free for hundreds to thousands of dollars a pint. And when it’s finally used in a hospital, check out a hospital bill to see how much they charge the patient. So multiple companies make money off of your blood after convincing you to give it for free.
They’re pretty much selling plastic bags and claiming it’s a eco friendly company 😂
That’s what marketing is about lol
A 15 dollar bag that they make for 15 cents...
@@c.t.p.9821 well $12 is postage.
@@c.t.p.9821 Well they have to ship it? What do you expect?
@darkithnamgedrf9495 wait so they are burning fossil fuels to be "eco-friendly"?
I donate my clothes locally to charity. Costs me $0. It’s near my local grocery so I drop it when I do a grocery trip. Not sure why people would pay for this- and the profit doesn’t go to charity, it goes to these two people…
Exactly, thank you
Similiar of "scam" people to pay by saying RECYCLING.
That is true. I like the idea of the brands paying for their costs and some profit than the consumer. Make the people who produce the cheap stuff that we throw away pay for the bags and then the consumer can get one with every purchase or something.
I know those dudes dont deserve it
And do they take your soiled underwear garments? Do they take stained clothing? Probably not. This service does. Granted, the average person might not have enough destroyed clothing to justify the $15 price, so you're paying for the convenience of getting rid of all of it at once. And they've made more than you have this year, and they're doing something good for the environment. Which you are not.
I would never pay to give something away.
Trash service?
@@stan9928 ya, I got that after I posted.
i have money, and a trash in many locations.@@TheDogGoesWoof69
So you wouldn't donate to charity?
@@nicolepretorius1178 you don't have to pay to donate
This is crazy. My area has a service like this for FREE! You go to the website and let them know how many bags you need this week and they drop it off to your house and few days later, pick them up. I pay for nothing!
You are beautiful! 😍🤗♥️
Most DONATED clothing ends up in a landfill either in the US or other countries like Ghana, Kenya, Chile. Anyone who thinks most donated clothing is sold or given to the needy is just kidding themselves.
The best way to avoid it is to simply stop buying things we don’t really need.
I heard Ghana either banned or is planning to ban the import of second hand clothing because of how much trash it's bringing in.
Yes. But what about the clothes that don’t fit you anymore?
Agree. Shop less.
So Ghana, Kenya and Chile don't have needy people?
@greglongmore6503 they do just like there are needy people here in the states but when the whole world is dumping their old clothing in these countries its way more than they actually need and ends up in landfills
I will still have to drive to the post office to drop off package. I can't just stuff a 5 pound bag in my mailbox
Good observation
They're at 1.2 M net worth... Obviously Mark has scaled them enough to get that far... I myself wouldn't pay to donate clothes. Goodwill is good for me.
Net worth is a totally made up number though, complete guesswork with no basis in reality. There’s no way the company is making enough money for anyone to want to pay 1.2m to buy the company, ergo it’s essentially worthless beyond the small yearly profit they are making
@@mrhaltonok I can also see your argument.
300k at 25% is 1.2m. They haven’t moved🤣🤣🤣
@@vanshnukala2663 correct! haven't imploded yet.
Let me get this straight. You’re choosing to pay $15, fill up the bag, drive to the post office, wait in line to drop it off. Over simply driving to a local charity or one of the drive up green containers for free??? 🤯
$15 for only 5 pounds! People dont understand how little 5 pounds of clothes is! It's a scam!
It’s a prepaid label. Shouldn’t need to wait in line.
They are crazy. Im going to the salvation army and goodwill everytime
I can’t believe they thought this was a good idea. I’m surprised they even got 100,000 dollars
I volunteered in a donation place that accepted and then sifted through all the “donations”. Most of it is garbage and goes straight in the trash. Then another large percentage aren’t sellable and also go in the garbage. So probably 80% or more of what people donate goes straight in the garbage.
If someone actually cares about recycling these clothes then donating them is not a good option.
They should have focused on this point.
You're not wrong. But the problem is, these guys won't upcycle your clothes and make sure each one of them is wearable at the end of the process. They're just selling it to someone else buying in bulk who will do exactly what you said. Trash 80% of the clothes that aren't salvageable and sell the rest. At least in the case of a donation, some person who actually needs it, is getting it for free.
@@Abheek1211they said they use the fabric and material for other things if the clothes aren't wearable anymore.
9:50 One of Mark's best comeback destroying Robert 🤣🤣🤣 "Your time isn't worth much, for some people it's worth a lot more" 🔥🔥🔥
I don't get it you still have to drive to the post office. Not like they'll come pick it up at your door, so why not just drive to Salvation Army.
@@lynxArul Potentially if it's small enough you could put it in the mailbox
He put it badly. The inference is that for some people Robert’s time is worth something.
@@DrB81 no. what mark was saying is that if robert's willing to spend longer time doing something menial that you can pay a service to do it for you and only at $14.50, then he's not valuing his time better. are you familiar with that thing that circulated the internet a decade ago about bill gates' worth per hour is so high that even if he found a $10,000 stack on the road, picking it up will not be worth his time because those few seconds it will take to pick the money up is worth more than $10,000.
This is one of the worst ideas I've ever seen. First off it's reduce, reuse, recycle. Recycling is hugely inefficient and the last resort. Textiles are one of the simplest things to reuse. Just because I don't want a shirt doesn't mean it needs to be recycled, somebody else can wear it. Also I donate plenty of clothes but there is a zero percent chance I'm going to pay to do something I already do for free. What a truly horrendous idea.
Seriously, this is a dumb idea
if they paid the customer 15 dollars now that would change the game
Do you give away your underwear and socks too?
That's a highly uninformed remark, given that the company is valued at $1.8 million. If it's such a terrible idea, how did it reach a valuation of over a million dollars?
This makes absolutely no sense especially in the us market
It makes no sense anywhere on earth
Even if I did purchase this service to benefit the environment, how do I know it's actually going to recyclers? There's so many 'drop off here to recycle' bins that go straight to the trash.
Your time isn’t worth much. Any old clothes I don’t need? Throw them right into the garbage lol. How much time did that take? Like what????
I can just go to Walmart, like I do every Saturday, and drop it off in a donation bin. Gas cost isn’t a thing because I’m doing my weekly grocery trip regardless. Stupid idea here
This business is very unjustifiable, say you donate clothes to H&M. They don’t charge you they give you a discount on your next purchase. This is not an honest business!
1 - It's cheaper throwing into trash.
2 - People do that once maybe twice a year.
3 - Expensive.
4 - Nobody buys that much of underwear to get rid off once a year.
I actually feel bad trashing clothes but I will donate them and you’re right not many ppl clear out their closet that often lol
Yeah
I wear my underwear until it disintegrates.
Here's the thing, I would consider doing this on a subscription type deal like say $20 per year and I get 4 bags. I could see that working...
It's cheaper not to donate charity but people do it anyway, if it does a good thing it's worth it.
@davicool4284 I think at least 90% of men do.
GOODWILL IS FREE
Mark thinks BIG
Not that big
This is absurd. Consumers are going to pay for the privilege of someone else making money off their used clothes...mmmkay.
Thanks for a new episode just in time for work lunch 😂
NPC
Same! 😂
@@TomMcKayBlocksCriticsWhatAJokeoutdated comment. Get new material.
It costs me $3 and change to do it myself. Which that is a gallon of gas sorry I'm out.
You can get tax breaks for donating clothing, so you are both wasting money and wasting plastic when you order one of these dumb bags.
That was a big risk for just 3% gain to ask Mark to drop to 22% after he said his offer was non-negotiable.
The producers script it like that to add dramatic effect for the show lol.
They are allowed to counter
Keep in mind you STILL need to take it to the post office to ship it. It would take the same amount of time to take it to a goodwill or donation box. if you are talking about underwear and socks, so much easier to toss it in the trash
Drop your clothes off at the charity shop's..
Or you could give clothes to the local thrift store and what doesn't sell in a week they'll bale and sell to whatever sort of business buys baled rags. And she's wrong, thrift stores will take clothes that won't sell in store, that's what the baler is for. What she's describing is what thrift stores do without charging people for it. This is stupid
So you have to pay them 15 dollars to make more money out of you.
Mark said it best…Time is money
Idk, my parents donate used clothes to Purple Heart or something, and they come pick up the bags of clothes right from my parents' door. For free. Why aren't more people doing that??
@@sarahschoenbrun4555 i’ve never heard of that service, probably only available to your area
@@hunterhuie1550 you can Google it. I'm pretty sure they are available in a lot of places.
@@sarahschoenbrun4555
Because someone, somewhere makes money along the chain.
“Purple heart” or whatever could be a small scale social enterprise which works at small scale. This is a business, no one gets into business for free
what a choice, drive to the post office with the bag at $15.00 bucks a pop or drive it to a local second hand store for free. What to do what to do
My goodwill just grabs the bags and don't even check it to they have it inside
Bc goodwill already recycles lol
Clothes with holes or stains get sent to be washed and cut up into rags.
Damn, Roberts going to need another season or two to recover from Marks' zinger at 9:50, the last joke made him do a whole season in Australia 😂. Jokes aside looks noticeabley healthier/better in these newer seasons, good for him.
So im supposed to pay money to give stuff away and get nothing in return. Ummmm nope
Terrible idea. You want customers to pay to donate their own goods? Silly.
That’s absurd… I opened a thrift shop with my aunt in 2018 and NEVER EVER has anyone paid too get their clothes taken… this is ridiculous. Now a days you don’t need a business, you need a good story to tell, sua it’s recycling and boom you get woken entrepreneur’s money
How did that thrift store go ? I love thrift stores so much . So this is super cool to me
@@dollsNcats honestly it went well… it has always paid, my aunt runs it now, but it’s still open and going
If they said “we’re nonprofit and focus mostly on recycling torn out of shape clothes thrift stores don’t take” I would’ve liked them
But they’re essentially saying pay us to give us your clothes so our partners decide what goes where
I already donate other stuff besides clothes so I have no reason to pay them to take it for me
I’ll just drop off at goodwill for free lol
When he talked about how much work it would be I expected him to say he wanted 40%
I still don’t get it
We should all recycle. Charging the 99% to make an ethical decision is so dystopian.
The fact they tried to haggle over 3 points should tell you that you shouldn’t be in business with them
Yea because an average investor would never ask for 25% . Shark tank has twisted the public’s mind into thinking these insane % deals exist.
I’m not trying to be a dick but this is probably the worse product or idea I’ve seen on the tank. Like THE WORST. Not knocking the owners at all but yeah. Pretty bad…
Large companies that want to "seem" sustainable should provide the bags for Free to people. Not make the pay to re-cycle and then claim that the company is using sustainable methods. I would never in my life pay to have something re-cycled. I bought it. Im not going to pay to get rid of it.
Everybody wants the world to be a better place everybody wants change the problem is everybody wants to make a business out of changing the world
Madewell has a preloved section where they will take ANY brand of old jeans, recycle them, AND give YOU $20 off a fresh pair.
Terrible idea.
There are some clothes that I hold onto that are just too old to donate. I usually end up throwing away so I do see how this could be useful. Would definitely feel better recycling than throwing away
This is officially the DUMBEST business EVER
This is such a terrible idea 😂
If someone actually cares about recycling these clothes then donating them is not a good option. Most “donated” clothing is eventually thrown away.
You have to pay 15 dollar a bag for your clothes to donate and no incentive at all for the donators this wont last long
I’m not paying to give away clothes
Yea no thanks. I'll just throw it away in the dumpster, 2 feet away from my front door, for free.
Am I stupid or this doesn't make any sense 😂
what’s everyone having for lunch?
i got some taco bell
Gyro wrap and fries
Starbucks (it's the only thing nearby) 😭
Burger and fries from a hospital cafeteria
My girlfriend
They almost lost this chance over 3 fkin percent.
Or I can take a trunk full of stuff to Goodwill for free lol. This has to be one of the worst ideas yet
15 dollars bro ? Im tryna help the poor, not become the poor.
2:20 I think some editing issues happened here… this is not an answer to the question
Background music too loud, fix it please, or I'll stop watching, lol
Terrible idea, imagine paying to donate for FREE
They take “you’ll own nothing and you'll be happy” to a whole new level.😂
they should have gone with Kevin , hes the richest shark there ,he has more money than all combined . and hes from my country , Canada , we are the best
I dont get it. Why should i send my old clothes to them and even pay for that? 🤔
Donate, it costs 0. Awful, greedy businesses.
Every sustainable business isn't sustainable. Think about the amount of extra emissions that this business created.
So I'm supposed to gather up all of my "old underwear" and ship it to you for 14.50?
Ill give it to the homeless people before paying $14.50 🤦🏻♂️
This show is so dramatic lol
Wait what!! So i pay money to throw away clothes i bought with my money so that they can earn money. Nah not happening.
So you don't pay for trash removal?
I live in a country where thrift stores are very popular, they are everywhere, and people donate but more often sell their clothes to them, and I can't imagine PAYING someone to pick up my clothes.
Daymond somehow looks like a women in this episode! 🤔
Most so called Recyclers actually sell those clothes in the third countries and make tons of dollars out of it.
this idea is so stupid. If you pay $15.00 to take a bag to the post office (can't put a bag that size in a mail box anymore) then you can just drop off a bag of clothes at the local thrift. Still got to leave home in any case.
Just drop it off at goodwill it's easier then mailing
Drug test this couple. 😂
Im not gonna pay to send clothes that im giving for free. Makes no sense.
Why would anybody pay for this? 😂
Stupid idea good will for free baby
I don't think that they portrayed how much this is good for the environment. People saying just go to donate or throw it away don't understand how much landfills are overflowing. Donation facilities do throw away goods that don't sell. Eventually this will have to become the norm, they seem ahead of most companies from a sustainability POV.
no sale here. I'll just donate locally or throw away
They are not from California talking like that more like Australia
But doesn't the consumer need to drive to the post office too?
No the mailman picks it up
I'm out.
Not sure about this business model. Paying $14 plus to send a pretty small bag of very few amount of clothes to be recycled seems like a lot to pay to give your stuff away. It's very very easy to put all your stuff in a box and drop it off on the way to work or on the way to the gym or wherever you're going, and you could drop off much larger quantities of stuff and save it up in a bigger box, which if you use these guys would probably cost you $50 or $100 etc. I would never use this service, but I would happily give my stuff away and drop it off myself. I think many people would be the same It doesn't make sense to be paying money to be giving stuff away
Lori needs a better rug
The guy pitching looks so young yet so old and it makes no sense 🤣🤣
i would ABSOLUTELY use this service if they paid ME to recycle my clothes
Bullshit business lmao
Does Mark Cuban actually go and drop off things at Goodwill
Just eating fried chicken and rice, how about you?
Sustainability is the future..... This is going to be a 100 mill brand mark my words.
Are u serious
The world is going to end before anybody truly cares about sustainability
There’s gonna be a time in near future when we literally have to pay for this. Just like now - how we pay for our normal garbage disposal.
This is dumb lol
To the clothing brands that have damaged goods or out of season skus that don’t sell, it makes perfect sense just so that they can advertise they recycle.
For the average consumer, there’s no way I’d pay $15 per bag when I can take a car load to the Salvation Army, pantries, or shelters and be home within the hour. One hour of my time and seeing a homeless person excited about socks or a new to them coat is priceless.
You still would need to pack the clothes and drop it off to ship. Not sure what time you’re saving.