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CreaClip: What Happened After Shark Tank?

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While most of us have been going to Salon for our Haircuts and rarely do try it by ourselves or within the family. But I am sure things have changed to new normal due to pandemic situation as we had no choice and couldn’t step out of our houses and shops remain closed.

Exactly this is where CreaClip brings a click, in spite of being introduced in 2006 it found its market relevance and has been growing and assisting us even in the recent tough times to maintain our hygiene.

CreaClip, is a clip that allows every individual to get a salon-quality haircut in a layered fashion at the comfort of home. The patented clip system allows the user to combs evenly distributes the hair and locks them securely while you cut. CreaClip is a brand under the CREAPRODUCTS parent company brought to you by Mai Lieu.

CreaClip at a glance:

EPISODE NOSeason 7 Episode 27
BUSINESS IDEAA clip that allows getting a salon-quality haircut in a layered fashion
FOUNDERMai Lieu
ASKED FOR$200,000 For 10%
ACCEPTED OFFER$200,000 For 22.5%
SHARKLori Greiner
BUSINESS STATUSIn Business
WEBSITECreaClip

Index:

Founder Story:

Mai Lieu’s venture into a great business with a humble start is awe-inspiring. Started her life as a poor immigrant when her mom used to cut her bangs now an empowered woman entrepreneur, an award-winning hairstylist with more than 20 years of enriching experience.

Mai is the creator of the Original CreaClip and other beauty tools, Mai Lieu, is a Shark Tank entrepreneur and a true innovator in the haircutting industry. She is an award-winning celebrity hairstylist with more than 20 years of experience. Lieu does reveal in her book “Take the Next Step” on CreaClip invention in 2006 and promoting the concept of how to turn your dreams into reality. She also proudly declares if I could do it with no experience you can too.

Lieu has taken big strides in the beauty accessories business with her products and has been recognized internationally now. The CREAPRODUCTS are available on the website and on Amazon retail stores. Her pitch into Shark investments is to scale her business to the next level. Will the Sharks buy into this idea?

Did CreaClip get a deal on Shark Tank?

Mai makes a pitch in Shark Tank for $200,000 on a 10% stake in her business. Lieu graciously demonstrates the CreaClip, on her own self by trimming her as Sharks witness how well the CreaClip works.

Mai gives out samples to the sharks on CreaClip, CreaNails, and CreaLash. Sharks are curious about the innovative line of products and Kevin enquires about the sales till now. Mai had already sold CreaClip worth $500,000. With almost 30,000 followers on YouTube and 20 million views, her videos were viral and led to 150,000 units being sold in one week.

Robert relates to Mai’s past as his father was also a refugee, but doesn’t feel to be the right fit and steps out. Mark and Kevin also step out. Only two Sharks are left in the game – Barbara Corcoran and Lori Greiner.

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The two Shark ladies are evaluating while Barbara is not keen as an investor in this case the only shark left is Lori. In Mai’s favor, Lori makes a proposal of $200,000 at 25% which post negotiation settles at 22.5%. Mai accepts Lori’s offer and leaves with a Shark Tank Deal successfully.

What Happened to CreaClip after Shark Tank?

Post appearance on shark tank Mai Lieu’s business became noticeable which led to more visits to her website. Their sales skyrocketed to about 5000% into a growing business. Mai featured as a cover model for Honokaa 2017. With her 20 years of vast experience and her business across countries, she has been mentoring and also been part of motivational speeches to encourage women’s empowerment.

The CreaClip selling price is $30, while the CreaNails and CreaLash have a selling price of $24.99. She earned a profit of 66% on the production line which is phenomenal.

Investors in CreaClip:

  • Lori Greiner

She is the queen of QVC and has invested in multiple female entrepreneur ventures, almost 50 + shark tank deals. Her net worth is $150 million.

CreaClip Product Analysis:

The Original CreaClip – Trusted Quality:

The product is one of a kind and can be used by amateurs as well as experienced hair stylists. This product is suitable for all types, textures, and lengths of hair. The products are categorized into two types of hair. The blue clip is for thin/fine hair while the white clip is for medium to thick hair. There are two components namely the teeth and the lock that holds your hair in place.

How to Use CreaClip?

  • Use the clip to hold your hair in place.
  • Move it to the preferred hair length.
  • Go ahead and cut the hair to get a professional finish.

How much is CreaClip worth?

At the time of the shark tank appearance, CreaClip was valued at around $888,000.

Interesting facts about CreaClip:

  • Suitable for all types of hair; cut your hair at the luxury of your home.
  • In three easy steps just clip slide and cut to trim and create layers in minutes.
  • Made for all children ladies or men. Also used to maintain hair between cuts.
  • Saves time and money spent in the parlor visits.
  • A tool to try on different hairstyles for professional-looking cuts every time

Is CreaClip profitable?

Mai began with a single product brand and now has become a multi-product, multi-faceted business. CREAPRODUCTs has a few famous products with CreaClip, leading the pack followed by CreaNails, CreaLash, and Risque. She is empowering all ladies to be independent and mentoring youngsters to think and grow big.

CREAPRODUCTS have flourished in the past few years and have reached annual revenue of $3 million in 2021.

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Related Articles:

What is CreaClip?

CreaClip is a clip that allows every individual to get a salon-quality haircut in a layered fashion at the comfort of home. The patented clip system allows the user to combs evenly distributes the hair and locks them securely while you cut.

Who founded CreaClip?

Mai is the creator of the Original CreaClip and other beauty tools, Mai Lieu, is a Shark Tank entrepreneur and a true innovator in the haircutting industry.

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