Moki Door Step Net Worth 2020
Invented by husband and wife team Zachary and Alyssa Brown, the Moki Door Step is a vehicle roof accessory that hooks over a u-shaped door latch in the vehicle’s door. It features door handle holders and a strap anchor. It also offers three feet of elevation off the ground. It can hold up to 400 pounds and will not scratch the vehicle. Moki Door Steps can be purchased online and in retail stores.
When Zach Brown first created the Moki Door Step, he had no idea how to market the product or even how much money to make. He had a full time job as a firefighter and a family to take care of. After seeing his wife struggle with car top racks, he came up with a solution to her problems. He teamed up with Rightline Gear, a company that manufactures car roof racks and other accessories, to bring his invention to market. He invested $300,000 in the business.
While in the midst of the Moki Door Step’s initial 30-day Kickstarter campaign, Zach and Alyssa saw a flurry of sales, earning them $110,000 in revenue. They later teamed up with Rightline Gear to acquire national distribution. It wasn’t long before they got their first licensing deal.
The licensing deal was a seven-year agreement that covered the sale of Moki Door Steps in North America. For a minimum of $3 million, the agreement promised 12.5 percent royalties.
The deal was a big win for Zach. He had previously spent a lot of time defending his patent, and he had eliminated more than 9,000 “infringing listings” on the Internet. It also made him feel good that he was saving other businesses from having to deal with the hassle of defending their own patents.
After selling his product on Shark Tank, Zach and Alyssa decided they wanted to expand the business. They wanted to get the product into more stores and they were interested in global expansion. They also wanted to make the most of their time with their kids. Alyssa said she wanted to spend more time with her kids and was excited to be able to spend more time with them.
The Moki Door Step was hailed as one of the best car accessories ever invented. It solves five problems that car owners face. The invention is able to provide three feet of elevation off the ground and it allows people to access their roof racks from the ground. Its patent is pending, but it could take up to five years to finalize.
While it took a little while for the Moki Door Step to catch on, it has become an instant hit. Its popularity has skyrocketed since it was introduced on Shark Tank. It now has an estimated value of $5 million. The company is headed to a billion dollar valuation in a few years.
The Moki Door Step is available on Amazon.com, Dick’s Sporting Goods, and even in retail stores. The company has already sold over 2,000 products. It has over 5,000 positive reviews on Amazon. It will have sales of at least $1 million in November of 2021.