⁣Make use of social media to promote your hair business from ashamvcucmaf's blog

Even if you have a legitimate “business presence,” such as having a storefront, it may take months, a year, or even longer for you to generate revenue every day when you first start your hair business. Imagine having a successful business, but no one knows what you sell! That will not assist you in earning money. Having a website is essential for many hair businesses, but many owners fail to recognize the importance of having one. A well-designed website is significantly less expensive than a storefront, and it can serve as proof of your hair company's legitimacy to a potential customer in a variety of ways. It also enables your customers to place orders at any time of day or night. You can take orders and earn money while you sleep if your website is lightning fast.

When it comes to an industry that is secretly exploding all over the world, it has to be the human hair extension industry. Although synthetic wigs from the local beauty supply store used to be commonplace in the past, nowadays it is normal for beauty-conscious women to spend hundreds or even thousands of dollars just to obtain some virgin human hair. So if you want to start a hair business and are wondering how much money you can make, we will show you how to make 6-figure sales by selling hair extensions.

Branded Hair Extensions used to accept orders over the phone rather than through their website. However, the amount of time and money we had to spend manually processing every order began to significantly reduce our sales. Customers can now look up product descriptions on our websites and place orders at any time of day or night, even when our offices are closed. We could wake up to tens of thousands of dollars in sales, and all we had to do was meticulously prepare all of our shipments.

Although social media is not the best place to sell hair extensions, it is unquestionably the best place to advertise your hair business! Customers can learn about your company on social media platforms such as Instagram, Facebook, and YouTube. You will be able to build a community for your brand with a little help from paid advertisements and influencer marketing. The presence of your hair business on social media will also help to increase sales. Customers will be able to view additional photographs of your hair and service. If you have a website linked to your social media accounts, your customers will be able to shop for their favorite bundles and wigs by simply clicking on the link.

The general retail rule is 50%-100% of the total purchase price. If a wholesale hair vendor charges $50 for a bundle of hair, you can sell it for $75-$100 or more on the secondary market. You should be able to recoup between one-third and twofold the amount you paid for the hair. It is important to note that high-quality branding and packaging can assist you in increasing the price of your hair. Have you ever been pleasantly surprised by the high level of craftsmanship that goes into packaging? The sale of hair extensions is a part of the beauty industry. It is your beauty philosophy that you are selling, not just hair extensions. When your customers wear your hair extensions, you want them to feel pampered and good about themselves. We have to admit that branding and packaging are the most effective ways to reward customers for their purchases with your company. If your hair brand has attractive branding and packaging, you may be able to increase its prices by another 30% to 50%.

It is true that there is a great deal of competition in the world of hairdressing. We are aware that some hair bosses believe that in order to survive in this industry, they must undercut everyone else's prices. That is the absolute worst thing you can do to harm your company. Based on the value you can provide your customers, you should price your products fairly. The 50%-100% retail rule is merely a general guideline, and not every company is required to adhere to it. For example, Beyonce's hairstylist Alonzo Arnold charges $1500 for a wig, whereas the average price for a wig is $200-$500, but here is his sales record.

Now that you've learned how much money you can make selling hair extensions, it's time to put your knowledge to use. We are going to get the essentials that you need to set up your hair business so that it can take off the right way, rather than the “DM to purchase” method. We are not advocating that you charge $1500-$2000 for a wig; after all, not everyone has access to a celebrity hairstylist who can pre-style the wigs before they are worn. However, there are a plethora of brands that charge more than 200% for profit. But are people actually purchasing these items? Without a doubt, they are! Instead of focusing on your prices, consider what you can add to your brand that will distinguish it from the competition. Branded Hair Extensions offers low-cost custom coloring and wig-making services to our wholesale clients, allowing them to pass the savings on to their customers. When you sell hair, this can add additional value to the product.

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