Entrepreneur

She Was Rejected On Shark Tank. Then She Used That To Her Advantage.

Melissa Butler knew her line of brightly colored lipsticks would be a hit. So when the beauty industry ignored her, she kept moving forward.
Source: Courtesy of The Lip Bar
Courtesy of The Lip Bar

Two things led Melissa Butler to become an entrepreneur: She hated her Wall Street job; and as a Black woman, she couldn’t find lipstick that complemented her skin tone. “Growing up, I never saw people who looked like me and were considered beautiful,” she says. “As I got older, I started understanding how the industry perpetuates this B.S., linear idea, cruelty-free lipsticks in bold shades like purple and green. She had no idea what she was doing -- but naivete served her well, forcing her to take when she had no other option. Today, thanks to relentless hard work (and a little bit of stalking),  is an eight-year-old brand with $2 million in funding and shelf space at Target. Here’s how she built it. 

You’re reading a preview, subscribe to read more.

More from Entrepreneur

Entrepreneur11 min read
The Top 150 New and Emerging Franchises
Franchising is full of decades-old brands that have proven themselves—so why would someone consider buying a franchise from a brand-new franchisor instead? There are many reasons: Although newer franchise concepts may come with higher risk, you can u
Entrepreneur1 min read
The Path To Millions Starts Here
A million dollars sounds sexy. But what is it, really? For some, a dream. For others, a goal. A million in profit is a form of financial security—or at least the freedom to take some risks. A million in revenue is a marker point where business models
Entrepreneur2 min read
Which Fridge Would You Eat From?
Will people buy cheap food to help save the planet? The answer is yes—and no. This was the idea behind Flashfood, an app-based marketplace that aims to divert food away from landfills, and to families in need. It collects food nearing its best-by dat

Related Books & Audiobooks