Many people find it difficult to find enjoyable and interesting methods to stay active, especially when their fitness routines seem boring or uninteresting. JiggAerobics fills that need by providing a dancing and exercise blend that keeps participants amused besides helping them stay in shape.
LaDonte Lotts is the creator of JiggAerobics, a mobile workout program that combines aerobics with the Baton Rouge, Louisiana-born dance form known as “jigging.” Through the program, communities may enjoy engaging, high-energy dance workouts that make fitness enjoyable for everybody.
LaDonte pitched his company on Shark Tank, requesting $50,000 in exchange for 12% equity. His aim was to grow his company even further with the help of a shark. Did the entrepreneur get a deal on Shark Tank? Check out our JiggAerobics update to find out!
JiggAerobics Net Worth 2024
LaDonte Lotts asked for a $50,000 investment in exchange for 12% equity in his company. This meant he valued his company at approximately $416,667. He did not make a deal with any of the sharks. After the show aired, JiggAerobics saw a big increase in website traffic, sales, and social media exposure. They gained attention from major media outlets like MTV, VH1, and CBS, and the company’s annual revenue grew to about $900,000. With an estimated 10% yearly growth rate (typical business growth), the current net worth of JiggAerobics in 2024 is about $1.32 million.
JiggAerobics Shark Tank Update
As for a JiggAerobics Update, it developed and grew in popularity even after failing to secure a deal on Shark Tank. With his unique fusion of dance and fitness, LaDonte has drawn the attention of major media outlets such as MTV, VH1, and CBS. His company currently brings in about $900,000 annually. JiggAerobics is now popular in schools, where it’s frequently included in kid-friendly exercise programs and assemblies.
LaDonte switched to virtual instruction even during the pandemic, when it was impossible to hold in-person lessons, which helped the company grow and survive. Through its exciting, upbeat programs, JiggAerobics will still provide both physical and virtual fitness experiences today, keeping people moving and involved.
No, JiggAerobics was unsuccessful in securing a Shark Tank deal. LaDonte offered 12% shares for $50,000, but none of the sharks were interested in making an investment in the company.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
JiggAerobics Shark Tank Pitch
LaDonte Lotts learned how to dance by watching YouTube videos because he was raised in a single-parent home and could not pay for formal dancing instruction. His love of dancing continued throughout his time in college when he was hired to choreograph the marching band at Southern University. Here, he refined his technique and came up with the concept for JiggAerobics, which blends aerobics with the exuberant dance style known as “jigging” to create a joyful, exciting workout.
LaDonte had a difficult path. He started from scratch with little money and little business experience. He created a unique exercise experience that has gained popularity since his passion for dancing and his desire to assist others in maintaining their fitness inspired him.
When LaDonte made his Shark Tank pitch, he got the sharks to dance with him, demonstrating his vibrant attitude and grabbing their interest right away. He clarified that JiggAerobics was a mobile fitness initiative that introduced dancing exercises to various gyms and communities around the nation. With reductions for larger groups, the $15 per person cost of the classes was reasonable.
In addition, he mentioned he had just opened an online subscription service where potential customers may sign up for free introductory courses to familiarize themselves with the program before deciding to subscribe. In order to support his business growth and expansion into the certification of trainers, he requested $50,000 in exchange for 12% equity. Keep reading our JiggAerobics update to see what happens next!
Kevin wanted to learn about his plan and how he makes money. LaDonte explained that he uses a mixture of Louisiana dance style and aerobics. He charges money per class. A class of an hour costs $15 per person and $10 per person after 50 people.
Mark Cuban asked for more details about how the business works right now. The founder added that nowadays he is traveling to different states to expand the brand. He pops up classes and also launched an online subscription in collaboration with CrossFit gyms.
Mark Cuban questioned the sales and profitability of the company. LaDonte revealed that, for a relatively young company, he had made an amazing $62,000 in his first year of operation.
Kevin asked him why he needed a shark. He replied he needed a strategic business partner, not just money. He wants the support and guidance of the shark to expand his business to a larger audience.
Kevin O’Leary was the first to go, saying he couldn’t see how he could contribute to the company’s expansion.
Lori Greiner loved LaDonte’s passion. She decided not to invest because she thought it was too soon to make an investment.
Daymond John agreed with Lori that the company is still in its early stages. So he decided not to invest.
Barbara Corcoran declined the deal because she thought LaDonte could succeed without a shark.
Mark Cuban Said LaDonte was the product itself and can succeed without seeking an outsider or help.
Ultimately, every shark chose not to make an investment, and LaDonte left without securing a deal.
What Went Wrong With JiggAerobics On Shark Tank?
JiggAerobics’ inability to close a deal was primarily because of the sharks’ opinion that the company was still in its early stages. LaDonte had a lot of potential and passion, but his sales were still low, and the sharks weren’t sure the company plan could grow to a point where it would be profitable to invest in. They believed that LaDonte’s enthusiasm and charisma were the business’s main drivers and that he didn’t need a shark.
Product Availability
From our JiggAerobics research update, JiggAerobics provides virtual and in-person fitness classes. The main goal of LaDonte’s classes is to blend dance and aerobics to produce enjoyable, high-intensity exercises that everybody can do.
JiggAerobics offers classes online, and LaDonte is still collaborating with gyms nationwide and holding pop-up events. Customers can access certain free workouts online to get a taste of the curriculum; prices vary based on region and format.
Conclusion
Although JiggAerobics failed to secure a deal on Shark Tank, LaDonte Lotts continues to thrive in expanding his enterprise and establishing his reputation within the fitness industry. He now makes close to $900,000 a year from his business, which combines virtual and in-person instruction.
His distinctive fusion of Louisiana’s jigging dance style with aerobics received media attention and established JiggAerobics as a well-liked option for both health enthusiasts and educational programs.
LaDonte’s story shows you can succeed without a shark’s investment if you have passion and commitment. We’re excited to see what JiggAerobics does in the future as it keeps expanding and motivating people to move!
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
