Red Dress Boutique Net Worth 2021

Regardless of whether you’re a first time entrepreneur or a seasoned professional, there are many ways to start your own boutique. You can also expand your business and reach a larger audience with the help of a professional shopify consultant.

Diana Harbour

Having worked in a 9-5 cubicle job, Diana Harbour decided to start her own clothing line. She opened her first store on Baxter Street in Athens, Georgia.

Soon, Red Dress Boutique’s business took off. It became the fastest growing women’s clothing online store in the United States. The business sold dresses and accessories. The store targets young women and offers trendy and on-point fashion. It has been awarded several awards for its designs. The store ships to the US, Canada, Japan, Germany, and Australia. It ships thousands of dollars in product each day.

When Diana and her husband first started the business, they took out a six-figure loan. They spent their life savings on their dream. In the beginning, they lived in a friend’s house on air mattresses.

After four years, Diana and Josh opened their first brick-and-mortar store. The store was small, with only a 1,000 square foot space. But the demand for their clothing was too much to handle. They soon expanded into a second store, and the business continued to grow.

The business was featured on ABC’s reality show, Shark Tank. The couple pitched their idea to Robert Herjavec and Mark Cuban. They asked for a $600,000 investment in exchange for 5% equity. The sharks agreed to the deal.

After the show, the couple made $1 million in sales. But when they tried to start their website, they were unable to keep up with the demand. They said they needed a better back-end data system. The couple spent the next year living on air mattresses in their friend’s homes. They realized their dream would slip away if they did not keep going.

After a year, they decided to take Mark Cuban’s advice. They started using Shopify Plus. They have a blog and a popular Instagram feed.

Josh Harbour

Founded by Diana Harbour, Red Dress Boutique is an online clothing store that sells women’s clothing, accessories and gifts. It’s been described as the fastest growing women’s clothing company in the country. Using social media, Red Dress Boutique promotes their brand through social media posts and a popular Instagram feed. The company also offers a mobile app.

During its first year, the couple lived in a friends house and slept on air mattresses. They also spent their life savings on the venture. They sold their house in Columbus, Georgia to start the company.

After launching their business, the couple sold their house and moved to a new location in Athens, Georgia. Then, they opened their first retail store, a 1,000 square foot space. They also started selling dresses online through eBay.

In the summer of 2014, Red Dress Boutique was on track to make $12 million in annual revenue. After several years, however, the company couldn’t keep up with demand. Several trade shows were held each month, and Diana was spending a lot of time traveling.

In 2010, Diana decided to start her own clothing line. She repurposed a dress she loved as a child for the purpose. She also sketched elegant outfits and sold them on eBay.

After Shark Tank, the company was able to make more than a million dollars in sales. The couple also redesigned their website. They used the savings to buy stock in their own clothing line. They also developed an app and a home decor line. The couple has plans to expand their business in the future.

When the couple appeared on Shark Tank, they asked for $600,000 in exchange for a 5% stake in the company. Robert Herjavec and Mark Cuban offered them $1.2 million for a 20% equity stake in the company.

Shopify Plus

During the Shark Tank episode of 2015, Red Dress Boutique founders Josh Harbour and Erin Deering had the opportunity to pitch their ecommerce store. They had spent two years looking for an enterprise ecommerce platform that would suit their needs.

They were given the opportunity to pitch their wares to the likes of Mark Cuban, Robert Herjavec, and Kevin O’Leary. While Mark Cuban invested $600,000 for a 10% stake in the business, Robert Herjavec offered $1,2 million for 20% of the company.

For starters, Shopify Plus is an enterprise grade solution for high volume online businesses. It gives merchants access to advanced apps, customizable checkouts, and unlimited user accounts. They also get access to the latest in marketing, payment processing, and shipping.

Another notable feature of Shopify Plus is OrderBump, a product recommendation app that’s specific to Shopify Plus merchants. It redirects customers to a thank you page and post-purchase upsell page. It also features a pre-purchase upsell.

The Shopify app store contains around 8,000 apps, some of which are geared specifically toward store design and management, marketing, conversion, and shipping. It also includes social media apps.

The Cufflink Store is another Shopify store that’s worth a mention. They sell bespoke cufflinks. While the Cufflink Store is not the biggest name in the business, it’s a well-rounded business that’s operating a viable online store with Shopify.

SKNN BY KIM is a popular beauty brand that’s also using Shopify. Their products sell out quickly. They also have periodic flash sales that’re worth checking out.

Be Activewear is a fitness and lifestyle eCommerce site that sells workout gear to overweight people. Their products improve body confidence and help people work out in their own style. They have sales in more than 50 countries. They have 2.4K visitors to their site every month.

Shark Tank

During her appearance on Shark Tank season 6, Diana Harbour pitched her online women’s fashion retailer, The Red Dress Boutique, for $600,000 for 5% equity in the company. After their appearance, Red Dress’s revenue had already reached $1 million, and their net worth was over $20 million.

The owners of Red Dress Boutique, Diana Harbour and her husband Josh Harbour, took a chance on Mark Cuban and Robert Herjavec. Their goal is to help women feel as confident as they look. The shop sells trendy clothing and accessories, and ships them in unique gift packages.

The Harbours decided to start their own clothing line, and wanted an investment to get started. They also wanted a website to promote their product. They were considering using $300,000 to get a new website, but decided not to.

They told Mark Cuban that they would take an offer of $600,000 for 5% equity in their company, but they would prefer a larger amount of skin in the game. Mark agreed. They would receive 20% of Red Dress’s net worth, and he would take a lead advisory role.

Robert Herjavec and Mark Cuban invested $1.2 million for 10% equity in Red Dress. The Harbours received an additional 15%, giving them a 20% stake in the company.

The Red Dress Boutique is one of the nation’s fastest-growing online women’s clothes businesses. The owner, Diana Harbour, started her business selling dresses on eBay shops and her basement. She eventually opened a store in Athens, Georgia, along with her husband Josh. They brought in $8 million in sales last year, and are looking to bring in $12-15 million in sales this year.

They’ve sold a few million dresses, and have also donated their profits to two orphanages in India. They’ve also had a lot of success with their website, which has made them $13 million in revenue in three years. They plan to continue to make distribution deals with high-end stores.

Return policy

Whether you are looking for an affordable dress or want to update your closet, Red Dress Boutique is the place to go. This store offers up to 70% off in the sale section. It also has a VIP club with discounts and exclusive access to members only events.

In addition to its sale section, Red Dress offers free shipping within the continental United States. It also offers expedited shipping options. For example, an order of $50 can be delivered in three days. The shipping costs vary depending on the package weight and destination. The site also offers gift cards, coupons and free prepaid return labels.

Red Dress has a strong social media presence. They post pictures of their pieces at various fashion markets. They also have a blog. The site also has a helpful size chart on their product pages. The company has earned a respectable amount of positive reviews from satisfied customers. The company has also attracted some investors, including Mark Cuban and Robert Herjavec.

The company’s return policy is more than satisfactory. Items can be returned within 14 days of receipt, or within three days if they are damaged. In some instances, a return will be accepted within seven days. If a return is not received within this timeframe, the company may levy a 15% restocking fee.

The company has a very unique system that allows customers to only purchase items on sale. They also offer a buy now, pay later option, in which customers can pay for their orders over four equal installments. If you pay for your order in this manner, the company will issue you store credit.

For customers looking for a more traditional approach, Red Dress also offers free standard shipping on orders over $75. This is in addition to expedited and overnight shipping options. The company also has a VIP Club, which offers a 10% discount on your first order.