Baseball is a big business, with all 30 current Major League Baseball teams worth a collective $66 billion dollars. This week, Joe speaks with Randall Thompson, a former baseball player turned entrepreneur who had the brilliant idea of turning a baseball bat into a drinking mug. Since founding Dug Out Mugs about 5 years ago, it has grown into an eight-figure company that is licensed by Major League Baseball and is available in stadiums across the country. Randall talks about the inspiration for his company, the importance of being an officially licensed product, and how Facebook has played a major role in the success of Dugout Mugs.
About Randall Thompson:
Dugout Mugs founder Randall Thompson played in the Blue Jays organization and after being cut, he returned to coach at his alma mater, where he turned his baseball dream into an American Dream. With the help of CEO & Co-Founder Kris Dehnert, the company has grown into an eight-figure company that is licensed by MLB, MiLB, MLBPA, and the Hall of Fame. Dugout Mugs is currently in ALL 50 MLB Stadiums, dozens of Minor League ballparks, and SEVEN countries.
Dugout Mugs has experienced 100% year-over-year growth for five consecutive years and continues to grow their team, even throughout the pandemic. The company has recently been named to the Inc. 5000 companies and featured in Forbes, The Huffington Post, the cover of Tampa Bay Business and Wealth, and numerous media outlets including top 25 markets