Thin Gloss Net Worth
Thin Gloss is a weight loss lip gloss that appeared on Shark Tank in Season 2 Episode 5. At the time of its appearance, it was valued at around $400,000.
The company is currently out of business. According to Shark Tank Blog, Thin Gloss had sold $26,000 worth of products in the past year and had a goal of selling $1 million in the next.
What is Thin Gloss and Who is the Founder of Thin Gloss?
Thin Gloss was a product designed to help women lose weight by reducing their appetite. The product was applied similarly to regular lip gloss and had a simple application process. Users would sniff Thin Gloss 30 minutes before a meal, apply it to their lips, and then enjoy their meal.
The founder of Thin Gloss was April Morris. Morris, a single mother of two children, had to overcome many obstacles in her life to achieve success. She got married at the age of 20, but a few years later, she got divorced and was left to raise her two children on her own.
Morris had to find a way to support herself and her family and began selling properties for a living. She sold over $9 million in real estate in a single year and eventually quit her job to start her own business.
Morris came up with the idea for Thin Gloss after two female coworkers called her overweight at a work party. She began using diet pills to lose weight, but the side effects made it difficult for her to sleep. While applying lip gloss at a traffic signal, Morris wondered if there was a scent that could aid in weight loss.
She conducted extensive research and discovered Hoodia, a South African plant that helps with appetite control. Morris then researched various scents that could improve a person’s mood and vitality. Once she had saved enough money, she quit her real estate job and invested everything in the creation of Thin Gloss.
The product gained attention for its unique approach to weight loss, but Morris discontinued the manufacture and sales of Thin Gloss on August 1, 2012.
Morris now works as a sales consultant and motivational keynote speaker, inspiring others to overcome their own obstacles and achieve success. She believed that Thin Gloss could help other women lose weight and improve their self-esteem.
Thin Gloss Shark Tank.
April Morris presented Thin Gloss on Shark Tank Season 2 Episode 5, looking for an $80,000 investment for a 5% stake in her company, valuing it at $400,000. Morris shared her own experience with diet pills, which caused her to feel anxious and restless.
She then thought about using herbs or scented oils to improve her mood, which led her to create a cosmetic product that would provide women with an advantage when applying lip gloss under a red light.
Morris used hoodia, a plant known for its weight loss benefits, and added scents that were intended to improve mood and decrease hunger. Although Morris did not directly claim that Thin Gloss would help women lose weight, she indicated that it would be useful to those looking to trim their bodies.
During the pitch, Robert Herjavec inquired about the price of each tube of Thin Gloss, which Morris said was $28. Barbara Corcoran asked Morris if she had lost weight with the product, and Morris replied that she had dropped 18 pounds.
Kevin Harrington asked if Morris had participated in any research trials, and Morris replied that she had consulted with an FDA attorney and believed she was on the safe side regarding claims.
Kevin O’Leary expressed concerns about the legal ramifications and declined to invest. Daymond John also opted out. Barbara Corcoran was dissatisfied with the sales presentation and went out. Robert Herjavec was skeptical about the company’s ability to grow from early sales levels to a million and also declined to invest.
Despite the loss, Morris remained optimistic following her participation in Shark Tank. However, after a brief surge in website traffic and a temporary increase in sales, interest declined. Morris discontinued the manufacture and sales of Thin Gloss in 2012.
Thin Gloss Net Worth
Morris appears on Shark Tank season 2 episode 5 in search of $80,000 in return for a 5% stake in her firm. This represents a $400,000 valuation.
Thin Gloss Competitors
Too Faced and Mojo Spa were Thin Gloss competitors.
Thin Gloss FAQS
What is Thin Gloss?
The organic, chemical free, and food grade oil and plant extracts in Thin Gloss mask the taste of the Hoodia, allowing them a natural way to suppress their appetite.
Who is the founder of Thin Gloss?
April Morris is the founder of Thin Gloss.
How much was seeking in the Shark Tank?
April Morris was seeking $80,000 for a 20% stake in her company.
Did she get the deal?
No, Sharks were unable to invest in Thin Gloss.
Is Thin Gloss still in business?
April Morris declared in a YouTube video in 2012 that she would no longer be selling Thin Gloss.
Does Thin Gloss Work?
Thin Gloss may help with weight loss because it supposedly curbs hunger and suppresses cravings. The product contains a blend of ingredients that are supposed to work in synergy to suppress appetite, increase the body’s metabolic rate, and increase energy levels.
How can they contact Thin Gloss?
They are no longer in business.
What was Hoodia?
Hoodia has been used in South Africa as an appetite suppressant and to aid in weight loss.
Why is gloss thin?
Thin Gloss was a product that helped ladies lose weight. It functioned similarly to regular lip gloss, but it also served to decrease a person’s appetite.
It was simple to utilize the product. Thin Gloss would be sniffed 30 minutes before a meal, applied on the lips, then enjoyed.
What happened to Thin Gloss after Shark Tank?
Despite the fact that Morris was left without a contract after the Shark Tank show, she managed to generate a million dollars in sales.
She then ceased selling Thin Gloss. April Morris declared in 2012 that she would no longer be selling Thin Gloss and would instead act as a sales consultant and inspiring speaker.
Can a lip gloss help them lose weight?
According to experts, there is insufficient evidence to back up the assertions. Apply lip gloss to reduce weight.
The flavoured lip gloss, marketed by Too Faced Cosmetics, claims to restrict their hunger using the same balance of minerals and chemicals found in Coca-Fuze Cola’s energy fruit beverages.
What episode was Thin Gloss featured on Shark Tank?
Thin Gloss was featured on season 2episode 5.
How much was Thin Gloss?
Thin Gloss was sold at $28 and costs $5 to make.
What is the net worth of April Morris?
April Morris’s net worth is unavailable.
