Glow Recipe Net Worth | With the help of industry experts, Glow Recipe has been established as the first and only natural site in Korea to disseminate the secrets of Korean women’s luminous skin to a worldwide audience. Established in 2014 by Christine Chang and Sarah Lee as a cruelty-free, raw, fun, and very productive Korean beauty destination on the internet, Glow Recipe has grown into a multimillion-dollar business.
In the twenty years prior to participating on Shark Tank, Christine Chang and Sarah Lee worked in the beauty business for a combined total of approximately twenty years. For nine years, the couple each worked at L’Oreal, where they met and fell in love.
Sarah and Christine worked on product development and marketing initiatives, which provided them with the hands-on knowledge they needed to start their own business. Their goal was to introduce Korean beauty goods to the United States, and they accomplished this by curating items created by other individuals. Let’s see whether the Sharks will take a chance on this lucrative opportunity.
Shark Tank investors have chosen hundreds of start-ups to invest in over the course of its nine seasons, but not every winner goes on to achieve tremendous success in their endeavor. Even the “Shark Tank” impact, which refers to the exposure a company receives from the show’s more than 5 million viewers, may be a critical first step towards growing a firm.
However, for two Shark Tank standouts from the 2015 season, achieving tens of millions of dollars in retail sales by 2017 was a success based on an element that was more basic and deeper than the television win: friendship with their customers.
So, how did Glow Recipe, a Korean beauty, and skincare company that has generated $30 million in retail sales in four years, manage to achieve such success? For starters, it assists entrepreneurs who have shown industry expertise. Sarah Lee and Christine Chang, both former vice presidents of global marketing at L’Oréal, were the only two employees who had prior experience working in both the Korean and US markets.
Lovepop, a greeting card business that specializes in 3-D pop-up paper sculptures, had its start when two naval architecture students went on a vacation to Vietnam and returned with some ideas. Following their discovery of the paper art there, Wombi Rose and John Wise decided to combine it with their knowledge in ship design to form Lovepop, which was established in 2013.
This is very amazing, and it is also precisely the same way you would build a ship, according to Rose. “You start with a three-dimensional form and splice it into planes. You draw lines where those planes meet, and then you cut out the pieces and assemble them by hand to show how they intersect. And here is a smaller version of the same idea.”
The introduction of a new skincare and cosmetics brand is a high-risk endeavor. You may easily lose your footing in a highly competitive industry if you don’t understand what skincare enthusiasts desire from their products. What’s more, the things they didn’t even realize they wanted to forecast and lead are the most important.