Tropic Skincare Explained

Tropic Skincare
Type:Limited company
Founded:2011 in London, England
Founder:Susie Ma
Hq Location:Croydon, London
Hq Location Country:England
Area Served:United Kingdom
Key People:Susie Ma (Founder, Managing Director)
Products:Skin care, cosmetics, makeup
Num Employees:234 (2020) [1]
Owners:-->
Net Income:£97.4 million (2020)[2]

Tropic Skincare is a British online and multi-level marketing company which sells skincare and cosmetic products. The company is based in Croydon, South London.[3] [4] The business is owned by The Apprentice series 7 contestant Susie Ma.

History

Tropic initially launched as Tropic Pure Plant Skin Care in 2007, by founder Susan Ma.[5] The company officially became incorporated in 2011.[6] After Susan Ma took part in the seventh series of The Apprentice, Alan Sugar invested to become a 50/50 partner in Tropic. In 2013, Tropic launched its Social Selling Business Platform with 400 founding sales people.[7] Tropic has since increased its product range to include skincare, body care, hair care, sun care, tanning serums and products designed for men.[8] In April 2023, Ma purchased back Sugar's shares and now owns 100% of the business.[9]

Business structure

Tropic uses a direct sales and multi-level marketing business model, in which sales people are paid for selling and for sales made by people they recruit or sponsor. Sales people host party plan events where products are demonstrated or sampled and orders are taken from customers. Sales people also can attend commercial events and have personal web-shops, where products are sold online.[10]

"Ambassadors" earn a 25% commission on products they sell themselves, and advance through the "qualifications" ("ambassador", "manager", and "executive manager") set out in the Success Plan.[11] The terms and conditions sellers sign requires that ambassadors only buy stock to sell for genuine customer orders, rather than purely to advance levels. It also caps Ambassador's stock capacity to 20 items at any one time. There are no volume requirements to earn commission.[12]

Ethics

Tropic is certified by the Vegan Society,[13] PETA,[14] and Cruelty Free International,[15] and is a CarbonNeutral and Ethically accredited company. [16]

Press

Tropic featured on The Sunday Times Hundred 2022 - Britain's Fastest Growing Private Companies for the sixth consecutive year. Previously known as the Fast Track 100.[17]

Notes and References

  1. Sunday Times April 11, 2021 PROFIT TRACK 100 COVID-19 EDITION
  2. Web site: Tropic Skincare Limited - Annual report and Financial statement . 2024-01-15.
  3. Web site: TROPIC SKINCARE LIMITED overview - Find and update company information - GOV.UK. find-and-update.company-information.service.gov.uk.
  4. News: Lord Sugar invests in former 'Apprentice' candidate Susan Ma - NME. 2012-03-19. NME. 2017-11-23. en-US.
  5. Web site: 2012-09-02 . Our Story . 2023-07-20 . https://web.archive.org/web/20120902160203/http://www.tropicskincare.com/our-story . 2 September 2012 .
  6. Web site: TROPIC SKIN CARE LIMITED - Filing history (free information from Companies House). beta.companieshouse.gov.uk. en. 2017-11-23.
  7. News: Product Business of the Year 2015 - Startups Awards by Startups.co.uk: Start up a successful business. 2015-11-27. Startups Awards by Startups.co.uk: Start up a successful business. 2017-11-23. en-US.
  8. News: Tropic Skincare Spring 2018 Catalogue. Issuu. 2018-05-08. en.
  9. News: Hannah. Prevett . Lord Sugar cashes in with sale of stake in Tropic Skincare . . en . 2023-04-14 . 0140-0460.
  10. News: Product idea #16: Tropic Skincare Startups.co.uk. 2017-08-03. Startups.co.uk: Starting a business advice and business ideas. 2017-11-23. en-GB.
  11. Web site: How much can you earn with MLM Tropic Skincare?. Talented Ladies Club. 2020-02-28. 2020-07-21.
  12. Web site: 2019-11-07. How much can you earn with Tropic Skincare?. 2021-01-21. Talented Ladies Club. en-GB.
  13. News: Search. The Vegan Society. 2017-11-28. en.
  14. Web site: Search for Cruelty-Free Companies, Products, and More. 2010-06-09. PETA. 2017-11-28.
  15. Web site: Tropic Skin Care Cruelty Free International. www.crueltyfreeinternational.org. 2017-11-28.
  16. Web site: Tropic .
  17. Web site: The Sunday Times Hundred 2022 . 2023-04-14 . www.thetimes.co.uk . en.