If there is one industry that’s really popping the ballon worldwide, then it has to be the hair extensions industry. The hair extensions industry has flourished over time from when it was just about synthetic low-quality hair wigs and extensions bought from the local beauty supplier to now where beauty-conscious women look for remy hair extensions.
That’s why people who wish to enter this industry or are an old bird will find it very lucrative and profitable. We are here to help you to figure out ways in which you can make it a profitable business.
So the question is, how do you make money selling hair extensions? If you work with the right hair distribution company, the process will be easier than you imagined.
Set Up A Website
The most cost-effective way to open up a salon is by starting off with an online store. Have you noticed how many big box retail stores have closed in the past year?
People, especially younger generations, are constantly buying things off their computers, tablets, or smartphones. This is a very promising sign which strongly suggests that online sales will keep rising year after year.
Make sure to brand yourself and market your products once you get started so customers can come to you first for their extensions! Also, remember that it’s not enough just to register a website- there’s far more for you to worry about!
You need people in your team who have experience working on websites because it’s way too easy for mistakes or oversights (the kinds of things web developers always communicate about) to become really expensive if you’re not paying attention enough.
Become A Hair Extension Affiliate
Becoming a Hair extensions Affiliate is a sweet way of entering the hair industry if you are not looking to make a commitment to starting your own brand.
If you are looking for an affiliate program, then you can go with Ponytail hair extensions Affiliate Program. It is free of cost, and you can join immediately. Once you join, you can share the link generated for you and use it across all social media platforms like Facebook, Twitter, and Linkedin; create a database and email the link.
You make money out of the link when someone clicks on the link and makes a purchase. Say someone makes a purchase of $200, and you make 15%of each of the sales, which means you get a commission of $30. That’s not bad at all!
Buy At Wholesale Price & Sell At Retail Price
This is the easiest way to earn money while selling hair extensions. All you need to do is to buy hair extensions at wholesale prices and then sell them at retail prices.
You need to focus on is to offer the best products to your clients at excellent prices. When coming up with a method for the best way to merchandise your inventory, it is essential to take into account what the market wants and how it can benefit you financially. You need to be aware of potential profit margins with your specific methods in mind, as this will give you a clearer idea of which solution is worth pursuing.
When selling hair on social media, one should be mindful of the different platforms that their audience tends to buy from, such as Instagram or Twitter, among many others.
Dropshipping Hair Extensions
Dropshipping human hair weft hair extensions from Halo Couture just makes sense. Now, you do not have to set up an inventory yourself. You can directly ship the products to your clients even when you are on vacation, watching a movie, or hiking!
Forget all the upfront inventory costs or shipping logistics. With dropshipping, products are sent directly from your wholesaler to your clients. With this off your mind, you can focus on Marketing and Sales and less time on the shipping logistics.
Dropshipping is something you must put into consideration if you are tight on a budget.
Selling hair extensions is in the beauty industry. You’re selling an idea of beauty and not just hair extensions, so you really want your customers to feel pampered and love themselves when wearing your product.
The best way to guarantee this will happen is to secure some high-quality branding and packaging for your brand. For example, if your branding is top-notch – then it’s likely that you’ll be able to charge a little more for the same product!
Having said that, it doesn’t mean you are going to overcharge for the hand-tied weft hair extensions. The pricing should be fair, so you also do not suffer from undercharging.
We have explored some ways to make money selling balayage hair extensions, as an affiliate, wholesale or retail. Which method is best for you will depend on your budget and interest in promoting someone else’s brand or creating your own line of hair care products? The key to success is making a decision and taking the leap into business sooner rather than later. Every day that your potential fan base goes without hearing about your new product line is a day lost where sales could have been made but weren’t!