Business Plan for Hair Extensions

Business Plan for Hair Extensions

Are you passionate about fashion and cosmetics? Do you want to do business in the beauty industry? Here is a sample business plan template explaining how to start selling human hair and hair extensions

Since human hair looks more natural, versatile, and resistant to damage, it is preferable to synthetic hair for making extensions, custom wigs, hairpieces, and braids. The demand for human hair continues to grow now. I believe you are aware of the insane growth of human hair such as Brazilian hair, European hair, Peruvian hair, Indian hair etc.

In fact, this trend continues and women are comfortable spitting a lot to get one. So do you live United States, Canada, Ghana, United Kingdom, Nigeria, etc. so i want to tell you that selling human hair and hair extensions always pays off.

If you are looking to start an additional business that will increase your income, consider starting a business that sells human hair and hair extensions. Before embarking on this activity, you should know what actions are being taken; and here they are:

Sale of human hair samples

Step 1. Learn the basics

Take the time to learn about braiding and other uses for human hair. Also explore the differences between natural hair and synthetic hair. This way you can determine which hair is best for different types of stretch marks and weaves.

You also need to understand exactly what your customer wants. (You don’t want to give a client an 18 inch European size bag when she actually requested a 16 inch Remy hair weft). You will need to read hair care and cosmetology books, browse online hair care forums, and consult licensed hairdressers to learn everything you need to know about human hair.

Step 2: Carry out a feasibility study and write a business plan

This is very important because you don’t want to import human hair just to find that there is no demand in your area. Before investing a dime in this business, you should do a feasibility study to make sure people are ready to buy human hair.

You also need to know how big the demand is, what type of hair your potential clients prefer, and how much they’re willing to pay for it. You should also try to figure out how much it will cost you to purchase and deliver human hair, what issues you are likely to face, and how to overcome them.

Step 3: Choose a location and sales environment

Choose a place and an environment to sell your offers. Would you like to open a brick retail store? Or an online store? Or would you like to become a flea market supplier? You have to decide what is best for you.

If you are planning to start an eCommerce store, you will still need to provide storage space that is free from dirt, pets, and dust. You can opt for warehouse or commercial storage, but using sealed storage containers in a spare closet or garage is a cheaper option.

Human hair can be styled straight or hanging up. But don’t bend or twist it, because that will destroy it. Another trick to avoid storage and storage of human hair and hair extensions is to use bulk dropshipping. This way you don’t need to carry inventory.

Step 4. Communication with manufacturers

Create wholesale accounts with human hair brands and manufacturers. For the lowest prices, contact the manufacturers in India or China directly, as most human hair for braiding is collected and produced in Asia. An example of a good place to communicate with manufacturers and suppliers is Alibaba.com and Aliexpress.com

Step 5. Attract Customers

Give your customers incentives to shop with you. There are already several beauty salons with a wide variety of human hair for sale. And you can have a hard time breaking into the market if you don’t give people a good reason to patronize your business and not your competition.

Step 6. Add related items to the warehouse

One strategy for making the hair business more comprehensive and profitable is to sell products commonly required for weaving human hair. Examples of such items are hair razors, glue, weaving needles, etc. … Chances are your customers will need these products as well. So why not take the opportunity to earn more money?

Step 7. Register new customers

It is often easier to turn new customers into repeat customers than to attract new customers. So always leave your customers with an amazing first impression.

Wholesalers and regular buyers help businesses thrive. So offer attractive discounts salon professionals, hairdressers / stylists, cosmetology students and other wholesale buyers to achieve stable and recurring business. You can offer them discounts ranging from 20% to 30% off the retail price, depending on what’s available in your area. You can easily ask for a discount as they usually buy more hair at a time than regular customers.

Step 8. The market is really good for your business

No one will know that a business is not progressing. So, adopt various marketing strategies to market your hair business.

If you have a physical store, try sponsoring a fashion show, hair salon, or other event. You can also make your business popular by donating hair or making wigs for people who have lost their hair due to cancer or other conditions like alopecia. It also gives you a personal sense of satisfaction; it will also help you get media coverage.

If you are selling your products online, use various online marketing techniques such as starting a blog with style tips, interacting with potential customers through social media, strategically promoting your business on forums. online and communities using paid advertising methods. like Google Adwords, as well as free advertising methods like free ads ( Craigslist, etc. ).

In conclusion, I would like to categorically state that selling human hair is a very profitable business. it doesn’t require a lot of capital. Try to hit her by joining the bandwagon as soon as possible. However, be sure to check with other resources / experts to find out more about the business before starting your own.