What Happened to Opulence MD Beauty After Shark Tank?
What is Opulence MD Beauty?
Opulence MD Beauty is a cosmetics firm that specializes in magnetic eyelashes that are free of harmful adhesive and do not harm the wearer’s skin or natural eyelashes.
After realizing that her daily usage of glue-on lashes was detrimental and thinned out her natural lashes, Dr. Goodwin created the business concept in 2019 and launched the company in February 2020.
Opulence MD beauty was founded by Dr. Anika S. Goodwin, MD. She graduated from the University of North Carolina at Chapel Hill with a bachelor’s degree in pharmacy in 1997, and she is an excellent and intelligent doctor.
She subsequently enrolled in the Medical University of South Carolina, where she graduated with honors in 2001. Prior to starting her enterprises, Anika worked as a physician for the federal government.
Who founded Opulence MD Beauty?
Dr. Anika Goodwin Hilderbrand, an ophthalmologist from Greensboro, North Carolina, launched the brand in 2020. She graduated from the University of North Carolina at Chapel Hill with a Bachelor of Science in Pharmacy.
She went on to work for the federal government after earning her MD from the Medical University of South Carolina. She is presently the owner of two companies: Opulence MD Beauty and DocMcdiva, LLC.
After quitting his federal government employment, the highly acclaimed ophthalmologist launched EYEmergencyMD. She established another brand, DocMcdiva LLC, in 2017 before launching OpulenceMD cosmetics in 2019.
Dr. Goodwin hopes to shift the narrative for women who must forego their health in order to acquire luxury beauty. Because she is a qualified medical doctor, she devised a product that combines both features.
The firm keeps its commitment by offering low-cost eye examination surgery to individuals who cannot afford it. She desires that every lady have the precise pair of eyelashes she deserves, bigger and better. She wants to make every product she designs simple to use and free of burdens for the user.
What Happened to Opulence MD Beauty During The Shark Tank Pitch?
She was searching for a partner to help her with product assembly, distribution, and fulfillment in episode 20 of Season 12 of Opulence MD Beauty on Shark Tank.
Anika appeared on Shark Tank in seeking of a partner ready to invest $75,000 in return for a 5% stake in OpulenceMD Beauty, which was valued at $1.5 million.
She’s hoping to work with a Shark who can help her with her fulfillment issues because she’s having trouble keeping up with the demand for her goods.
She is now under the impression that she is paying too many contractors and that she is drowning in the logistics of her business.
Anika feels that by looking for a partner to help her with the assembly, distribution, and fulfillment of her product, she can help Opulence MD Beauty grow even more.
Several Sharks are interested in working with Opulence MD Beauty after being pleased with Anika’s $685,000 yearly sales, 88-90 percent margins, and competence.
Kevin O’Leary and Kendra Scott each gave $75,000 in return for a 20% stake in the firm. Because she feels their clientele was comparable.
Kendra feels she was the ideal Opulence MD Beauty partner. She proposes $75,000 for 20% equity shares, but Anika replies with $75,000 for 12% equity shares.
She decides to sweeten the deal by raising her investment offer to $100,000 for 20% equity, but Anika replies with $125,000 for 20% equity shares, which Kendra refuses. Anika eventually agreed and exited the pitch with a deal.
What Became Opulence MD Beauty After Shark Tank?
Anika departed the pitch with a deal after the show aired. There is no indication that this deal was completed as of November 20, 2021. In the year since this episode aired, the company has generated little more than $1 million in sales.
Opulence MD Beauty’s Competitors
Opulence MD Beauty has a number of competitors. Brow Magnets, Eyelash Magnets, and Elegant Natural Lashes are a few examples.
Opulence MD Beauty’s Net Worth
During the pitch, the firm was valued at $1.5 million; since then the company net worth might have been higher than that of pitch.
Opulence MD Beauty FAQs
Is Opulence MD Beauty a legitimate business opportunity?
Opulence MD Beauty is a legitimate business, and several people have earned income from the company.
How much does it cost to join Opulence MD Beauty?
There is no cost to join Opulence MD Beauty; however, customer must purchase an eye magnet toolkit in order to receive the eyelashes.
How long does it take to receive Opulence MD Beauty’s products?
Opulence MD Beauty’s shipments can take up to 14 days from the time the order was placed.
Can I get a refund for my Opulence MD Beauty purchase?
Opulence MD Beauty does not offer refunds; however, customer service will help resolve any issues with purchases.
What are the products offered by Opulence MD Beauty?
Opulence MD Beauty offers magnetic eyelashes, magnetic tools, and accessories.
Where is Opulence MD Beauty based out of?
The business’s headquarters are based out of Greensboro, North Carolina.
What is the target audience of Opulence MD Beauty?
Their target audiences are women in the 25-45 age range.
What is the return policy of Opulence MD Beauty?
The return policy of Opulence MD Beauty is that customer cannot get a refund after purchasing the product.
How long Opulence MD Beauty take in delivery?
Opulence MD Beauty sends out products within a week.
Where can I find an Opulence MD Beauty representative near me?
The Opulence MD Beauty office is located in Greensboro, North Carolina.
What does the client receive when they order Opulence MD Beauty?
Upon purchase, customer receives a toolkit that helps them put on their eyelashes.
Is Opulence MD Beauty safe?
It is safe; however, customer should read the terms and conditions of the company before making any purchases.
How do I make payment to Opulence MD Beauty?
A customer can pay by credit card or PayPal. No other methods of payment are accepted at this time.