A Complete Guide On: How To Start A Hair Business?

Is selling hair extensions a good business?

The hair extension industry keeps on growing as it gets more popular. Many actresses and models even love wearing them on stage and at events. However, you will also have a lot of competitions. What will make selling hair extensions a good business is if you are well-knowledgeable about your product.

The hair extension industry keeps on growing as it gets more popular. Many actresses and models even love wearing them on stage and at events. However, you will also have a lot of competitions. What will make selling hair extensions a good business is if you are well-knowledgeable about your product.

Before starting this hair business, did you know how to start a hair business? There are charts for the thickness and density, the texture, the length, color, and the materials used as there are different needs, preferences, and usage for the hair.

The variety of hair extensions also explains why it is a good business. Furthermore, you will be helping people who feel in need of hair extensions due to bald patches or thinning hair, damaged hair due to chemicals and heat, those who undergo chemotherapy and have other illnesses.

You may watch the video below to learn more about the hair extensions business. 

How much can you make with hair extensions?

The hair business is coming trendy. When you search the query “how to start a hair business” on the internet, you won’t know how much you can get with your hair business. Today, we will share the number you can get.

 The profit you will gain from the hair business will depend on how much you are willing to invest in it, not only with capital but also with your time and effort. Furthermore, different kinds of hair extensions and how many sales you can make in a day are factors to the profit.

If you will retail a hair extension, you may sell it at an average price of $195. So, if you can make two sales in just a day, you will have $390. In a month, you will already have $11,700 if this becomes constant and $142,350 in sales in a year. But the customer will always come and go.

Furthermore, most customers do not go to the store to buy just one pair of hair, but sometimes three bundles. Once your store is known in the market, more clients will come daily, which may skyrocket your sales to even a million dollars a year in this hair business. 

How to start a hair business?

How to start a hair business at home

Now that the hair business has piqued your interest, you have to plan if you want to start one. First step of how to start a hair business is finding a quality hair extension supplier. It must be reliable as it will be the backbone of your business. The supplier must also be a good business partner that will help you in times of need, and not just in the orders.

Find a perfect location for your store. Preferably, the place is somewhere that has many potential customers and is accessible such as malls or commercial buildings. It will also serve as your warehouse for your bulk orders. However, if you will be working from home, find a spacious place for your wigs.

Lastly, plan for your packaging. This feature will represent your product and the overall view of your business. If applicable, it will include the brand information, the shop's content, and the location. Think thoroughly about this detail, or hire a professional if you are not confident with your ideas.

How to start a hair business online

Almost the same as starting a hair business at home, you have to find the best hair supplier first. A quality hair supplier allows you to have enough high-quality materials in time.

Of course, when having any business, you must know how to market it. One great way to let your shop be known is by creating your website, and social media accounts where you can post all your products and have informative blogs. Another way is to have a social media page with regular postings.

With online business, you do not need to have a wonderful place to open a store. You will save a large amount of money and use it to make a promotion strategy. And more, you can reach global customers which helps you have more opportunities to be RICH.

How do you maintain the hair extension business?

The planning might be easy, but the execution and maintaining your business are challenging. However, this does not mean it is not doable. A little help and tips will help you and your business to be successful. Find someone you might know who also has a business to learn from some of their experiences. Now you know that how to start a hair business and we will let you know how to maintain:

- Keep your relationship with your customer well

One of the ways to maintain a good relationship with your customer is to listen to their feedback. Whether it is positive or negative, feedback can provide valuable insights into your business. You can use this information to improve your products and services and show your customers that you care about their opinions.

Another way to keep a good relationship with your customer is to offer personalized service. Customers appreciate it when you take the time to understand their needs and provide tailored solutions. This can be as simple as greeting them by name or recommending products based on their preferences.

Build a good relationship with your client. Be the one to initiate a rapport because they will help you to be successful. Treat them with respect and compassion. Your treatment will make them come back to your store and might even recommend you to their friends and family. 

- Find best hair supplier

There are many raw hair suppliers. Big suppliers are from Vietnam, China, India,.. If you want to get the best raw hair to start a hair business, you should connect to them and make a good deal with them.

The more raw hair suppliers, the more difficult it is for you to find the best one. One can give you the best quality at a high price, others can give you a cheaper price but the quality is not like you want. You should find a suitable supplier that their products meet your demand.

As more orders come in, you will have more hair extensions in your hands. You must know how to arrange them correctly. Furthermore, you need to organize your records and inventory, which is not so fun as you will have to do it daily. It is to monitor what you need and what's in demand.

And lastly, you have a balance between your work and personal life. Although you have to take care of your business, you must be your number one priority. Knowing your limit and capacity is an excellent start to setting boundaries in your life and having a sound mind and body. 

Frequently Asked Questions:

1. Is selling hair extensions online profitable?

Having a physical store will bring more success as customers will see the actual product themselves. However, selling online is also profitable in the long run as long as you can brand them effectively. It will not be challenging, though, since it is in demand.

2. Why are hair extensions popular?

Hair extensions add length and volume to the hair to achieve the style that a person wants. It also adds confidence, as some have hair issues that they wish to conceal. Others like to wear it every day, or on essential and grand occasions like weddings for a better appearance.

3. Who is the target market of the hair business? 

Although women are more likely to buy hair extensions and wigs, it is not only for them. This accessory can benefit anyone who wants to improve their hair and appearance. Age and status also don't matter, as some elderly and teens wear hair extensions.

Summary

The hair business is getting more popular, making starting a hair extension business now more effective. After this blog, Mic Hair Vietnam hopes you know how to start a hair business. The people will know your product as time goes by, which will earn you credibility and reputation in the market. Follow this article to guide you on your journey.