What Happened to BusinessGhost After Shark Tank?
What is BusinessGhost?
BusinessGhost is a ghostwriting company that provides its clients with a monetization method that allows them to earn money, get popularity, and have control over their books like the writers they aspire to be.
Everyone has a story to tell, and BusinessGhost, Inc. helps successful people share their intriguing stories with the rest of the world.
Michael Levin, the founder of BusinessGhost, is a well-known ghostwriter with a vast portfolio. Levin majored in corporate law at Amherst College and then at Columbia Law School.
After determining that a career as a lawyer was not for him, Levin began writing. He currently only works with a small number of customers as a ghostwriter.
Who is the founder of BusinessGhost?
Michael Levin, the founder of BusinessGhost, is a well-known ghostwriter with a diverse portfolio. To follow his literary interest, Levin released three novels with Simon & Schuster at the age of 32, displaying his talent as a writer.
As a young artist in Boston, Levin struggled to make ends meet, but he met a wealthy restaurant owner who became his mentor.
On the advice of his instructor, he began providing individual writing sessions for $150 per pupil at the time, realizing that it was now or never to establish himself as a writer. The number of students rapidly increased, as did the number of classes.
Levin taught writing at UCLA and New York University, where he ghostwrote numerous of his students’ books.
BusinessGhost was founded soon after, in 1994. Levin has been writing well for many years and has founded a ghost-writing agency that serves financial tycoons and other business-related businesses.
The ghost-writing service today employs a large number of people and has a steady stream of customers, with impressive sales.
What Happened to BusinessGhost’s pitch on Shark Tank?
Author Michael Levin debuts on Shark Tank in episode 310 with his business, Business Ghost. Levin is looking for a Shark to help him build and grow his firm.
Levin entered the Shark Tank in seeking of a $200,000 investment in exchange for a 10% stake in his company, worth $2 million.
He talks about his prior work, which includes over 100 books that have been adapted for television and movies.
His work has been on the New York Times Best Seller list. He identifies himself as a ghostwriter who “helps customers tell their stories from behind the scenes.”
Levin has written for CEOs, sportsmen, and celebrities, among others. He wants to grow his business to become the leading provider of ghost-written novels in the United States, but he needs the Sharks’ assistance to accomplish it.
Robert Herjavec was intrigued by the possibility of a ghostwriter expanding into a business that employs more than one author. Levin adds that he currently employs eight writers to conduct interviews and publish books, with a creative manager directing and guiding their work.
A typical book costs between $35,000 and $75,000 to the purchaser, including a first print of 50-100 copies. Levin expects to make $650,000-700,000 each year.
Levin’s enterprise was referred to as “vanity publishing” by Kevin O’Leary. Levin emphasizes that his organization does not sell books, but rather generates publications that his customers may use to promote their own expertise and businesses.
Daymond John was perplexed as to why Levin has avoided the fiction and memoir sectors, which would have allowed him to reach a wider audience.
Levin claims that he focuses on a certain market because he “puts his name on every book.” He is focusing on quality, offering a premium product at a premium price to high-end clients.
Kevin O’Leary views his chances of profiting from an investment to be a “very difficult undertaking.” He went out.
Levin acknowledges that he need Shark’s advice and direction, seeing himself as a “classic example of an entrepreneur who has carried a business as far as it can go.”
Robert Herjavec was unimpressed. “You can’t dump the job of creating the suitable solution,” he cautions Levin. You must be the finest salesperson in your company, as well as the person in charge of formulating a strategy.” He goes out.
Levin is in a pickle since he has two Sharks on his back. Barbara Corcoran tells Levin that she thinks he’s “tired of his business” and that he should try something else. She exits.
If Daymond John invested his money in this business, he argues that “getting my money back would be a mystery book.” He’s goes out too. Only Mark Cuban remained.
Despite his enjoyment of many parts of the firm, Mark Cuban want to examine the fundamental upheavals in the publishing sector.
He argues that if it had been 1995, he would have “certainly invested,” but with the publishing atmosphere changing, he went out too. Levin finally walked away from the pitch without a deal.
What Happened to BusinessGhost After Shark Tank?
Levin subsequently claimed in an interview that his time on Shark Tank was eye-opening. The Sharks called his self-image into question and pushed him to reevaluate his business plan.
He needed to accept that he was already a legitimate businessman, and that his company was more than simply a side endeavor to augment his literary career.
The website is currently up and running. BusinessGhost appears to be thriving, as CEOs and celebrities may still employ Levin’s team to write their memoirs and strategic business plans. Advantage Media/Forbes Books paid an unknown price for the firm’s acquisition in 2016.
BusinessGhost’s Competitors
Girl Friday Productions, estocada, Integrity Business Consulting, ChaseSmith Press, and Chrysalis Editorial are BusinessGhost’s main rivals in the market.
BusinessGhost’s Net Worth
The firm’s value was $2 million during and after the pitch; however, the company has since been acquired, therefore the company’s net worth is not available.
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BusinessGhost FAQs
What is BusinessGhost?
BusinessGhost is a literary firm that offers creative writing services to businesses. Its services include ghostwriting, publication support, and cross-promotional possibilities.
Who is the inventor?
BusinessGhost was invented by Michael Levin. He’s ghostwritten for publishers, celebrities, and CEOs.
How much money was sought on Shark Tank?
Levin was asking $200,000 for a 10% stake in the firm.
Did he have the deal?
Yes. He didn’t have a deal.
Is BusinessGhost still in operation?
Yes, BusinessGhost is still in operation; however, Mr. Levin is no longer employed by the company. However, Advantage Media/Forbes Books purchased it in 2016, and he may be engaged in some way.
Where can I find BusinessGhost?
Glendale, California is the headquarters of BusinessGhost.
What was BusinessGhost’s target market?
The intended audience consisted of small company owners and CEOs. Offering ghostwriter services to small firms might assist them in improving their marketing efforts.
How does BusinessGhost function?
BusinessGhost provides ghostwriter services to CEOs and company owners who want to publish their books, memoirs, or other business-related publications. As part of a cross-promotional possibility, they also publish book material from clients.
What is BusinessGhost’s mission statement?
BusinessGhost’s goal statement is to assist businesses in effectively communicate their message via excellent storytelling. The organization provides a variety of ghostwriting services to assist businesses in communicating their value propositions, market position, and future vision.
How long has the firm been in operation?
The firm has been in operation since 1994.
Who is the CEO/Founder of BusinessGhost?
Michael Levin is the CEO and creator of BusinessGhost.
What do BusinessGhost Credentials entail?
Several honors have been bestowed to the business, including the Davey Award for being one of the top hundred consumer decision makers in 1996, 1997, and 1998.
How does BusinessGhost generate revenue?
The company earns money by providing ghostwriting services to consumers as well as publishing their books. The author and the firm each receive a cut of book sales.
How does BusinessGhost’s business model work?
BusinessGhost’s business plan is based on a split commission arrangement. The corporation keeps a fee based on the proportion of sales, while the author receives royalties.
