Entrepreneur Grows Beard Care Startup

Eric D. Lough founder & craftsman of The Famous Beard Oil Company
Colorado BusinessDen The Famous Beard Oil Company

Article by George Demopoulos

"Your Beard Deserves This!"

“Your Beard         Deserves This!”

A properly maintained beard takes more work than the shaggy appearance might suggest, says Denverite Eric Lough.

In November, Lough launched Famous Beard Oil Co., mixing up ten varieties of oils for Denver’s bearded brethren.

“I started making my own beard oil because I was unsatisfied with beard oils out there,” Lough said. “I’ve always been a beardsman, loved my beard and wanted to maintain and take care of it.”

Lough said beard oils maintain the longevity and condition of the beard and the skin underneath. And all of the oils have antibacterial properties.

“When you wash your beard – which you shouldn’t do every day, maybe every other day – it is removing all the natural oils from your beard and the skin under it,” Lough said. “What the beard oil does is replace those oils, taking away the flakiness and itchiness during beard growth, which everyone hates.”

Since starting Famous in November Lough, 40, estimates that he spends about $800 per month in operation costs. The majority of that money has gone toward marketing.

“From November to now, after expenses and everything, in my pocket I’ve probably made a couple grand,” he said.

Lough has been developing oils for years as a hobby.

Famous Beard has ten different oils, ranging in themes including “Spicy Citrus,” “Woodsy Breeze,” “Urban Kerouac” and “Sage DaVinci.”

Lough derives his product from ingredients such as almond oil, castor oil, grapeseed oil and argan oil

The oils are available on Famous Beard’s website and in a store called Sol Shine in the Highlands.

He’s also expanded into Britain.

“I seem to get a lot of interest in the U.K.,” Lough said. “I’ve been working with a gentleman who runs a beard social network online.”

The company’s customer demographics run the gamut of age and profession.

“I have a few that are blue-collar workers, a few businessmen,” Lough said.

Lough said 25 percent of Famous’ sales have been to a beardless demographic: women. Lough said women use it for their skin and hair and in bathtubs.

“Now on my website, I sell a Sandalwood and Amber Liquid Castile Soap,” he said.

Famous Beard’s main competitors in include The Bearded Bastard, a Texas-based company that retails its oils at Floyd’s Barbershops, Dr. Seth’s Moustache Wax in Fort Collins and The Vintage Beard Co. in Colorado Springs.

Lough doesn’t see his competitors going anywhere soon.

“Beards are so popular, especially right now,” he said. “It’s becoming more acceptable because men are taking care of it and grooming it.”

Lough said he plans to expand distribution of his oils to barber shops and salons.

“There’s interest in stores,” he said. “I haven’t done any wholesale, but I’ve been contacted about wholesale pricing.”

Lough hasn’t gone full-time with Famous yet. He currently works as a massage therapist, a profession he’s had for the last 15 years.

He said that his personal favorite is the Urban Kerouac.

“I wear it daily,” he said.

The Holy Trinity Beard Oil Gift Set The Famous Beard Oil Company

The Holy Trinity Beard Oil Gift Set The Famous Beard Oil Company

About the author: George Demopoulos
George Demopoulos is a BusinessDen reporter who covers entrepreneurship and fitness/outdoor recreation. He is a graduate of the University of Denver. Email him at George@BusinessDen.com.
You can read the Colorado BusinessDen article here:  The Famous Beard Oil Co.
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