Hair Business is no longer a strange topic to hair-lovers, especially the investors who have intended to immerse in this industry in the long term. Over the past 10 years, when beauty and health have been put on top, this industry has been truly thriving significantly that there has been such an increase in the value of production with a high and stable growth rate. So lucrative is the income offered by the hair business that thousands of hair vendors and salon owners have taken a stake in this. Nevertheless, easier said than done, to become a hair giant or merely a smart hair investor, it is not as easy as it looks like. To find out the secrets of how to be successful in the hair business, spend your specious time reading this, I’m sure that you will figure out what you have been looking for so far.
I. Why Hair Business is a promising industry to invest in?
1.1. Such a business is never out-of-date.
It is as clear as day that the demand for beautifying ourselves and taking care of our appearance never goes down even when time flies so fast. Whether it’s the past or present, every woman wishes to own the best hairstyle ever and always keep catching up with the trends of hair at the time they live. Throughout history, humans have created their own hairstyles and pushed them to the top trending ones via advertising or having KOLs featured, which they believe they could be ahead of the trend and make customers follow them. The world still keeps moving and the demand for hair beauty of women keep increasing as well, which is the reason why there is no way that this business would disappear from the market.
1.2. It could help you make huge profits.
As we all know, hair is regarded as a luxurious merchant since we can’t just wait for 1-2 days to get the length of hair that we want, it takes 1-2 years to get 10 inches or even 3-5 years to get the hair in 26-30 inches. Even so, we are living in the 4.0 era, which means hardly anyone just wants to keep the hair long and be patient enough to wait for it. Meanwhile, women still desire to get long hair and change the styles without trying to waste time longing for it, hair business, or hair extensions have appeared to meet their demands. Due to its value, the difference between the purchase price and selling price will bring you spectacular income that you have ever expected.
II. Ways to not only survive but only thrive in this business.
2.1. Make the strategies ready.
To get into a business may be hard, but to maintain it and prosper in this competitive field is even harder if we don’t have strategies planned before making a decision on investing in it. In fact, according to the Bureau of Labor and Statistics, “About half of all new establishments survive five years or more and about one-third survive 10 years or more. As one would expect, the probability of survival increases with a firm’s age. Survival rates have changed little over time.”
To put it simply, if you do business without any plans or preparations, you’ll be always behind the opponents. Without plans, you’ll find no suitable directions and easily get lost. Without plans, when something comes up, you’ll unable to keep up. Especially in this hair business, having plans ready is really necessary as this market is considered super complicated, depending on every single market that you are aiming at. Each kind of market needs to have distinct preparations to get the best results.
2.2 Quality is the key.
There is no doubt that quality is the core of whether your business is going to make any progress and be stable in this hair market or not. Let’s make a simple comparison, between two entrepreneurs, one of which supplies hair with better quality and the other one does it with the lower one but at the same price, then which one customer would choose? There’s no denying that the better one would win the customer’s heart.
But how to make sure that you get the excellent-quality hair from the right place?
Currently, there are 3 main biggest hair vendors in this globe that you already know, which are Vietnam, China, and India. Out of all these, which is the best supplier?
Let me make it more clearly. It can’t be denied that China is the strongest market that you could easily get the hair from with the cheapest prices. Nonetheless, do you know where they get their hair from? According to some statistics and surveys made by our team, 90% of the hair Chinese factories are supplying has been gotten from India with super low-priced prices then they will process it with high technology and resell it to other hair vendors as well as hair salon owners the world over. You must have noticed that India is a country where the temperature is much higher than normal, which makes its nature sort of dry and not silky as we wish. Even so, one more reason that makes Chinese hair so low-cost is that some factories there have cheated to get more profits by mixing hair with synthetic materials. But thanks to Chinese techniques, the non-Remy hair they collect from India somehow becomes smooth and looks good at first to mislead us, but after a period of time, the hair will get ruffled and get back to its own nature. So if they sell that kind of hair to your customers, I’m sure that they will never put trust in you to buy that low-quality hair the second time.
So, I guess you have got the conclusion to this question, haven’t you?
Finally, the king of high-quality hair has come out, no one but Vietnamese hair. Basically, Vietnamese hair is originally silky and smooth, naturally black. K-Hair’s products perfectly exemplify this situation. K-Hair collects hair from Vietnamese women at the age of 18-34, especially mountainous women. The climate there is cold, therefore, their hair is out of sunlight. In addition, working in the field every day makes their health, accordingly their hair, amazingly strong. Moreover, the habit of using natural ingredients such as grapefruit peel, locust, and other herbals to wash their hair helps their hair even stronger. Hence, K-Hair’s hair is 100% real human hair, no synthetic, and no mixed.
To sum up, quality is the key to decide whether your hair business will get expended or not. Likewise, the reliable hair factory and the professional hair expert who could provide you with the best quality hair but reasonable prices own that key to help you unlock the way to get more and more customers.
WhatsApp: +84328999243 (Ms. Alice_Hair Expert)
2.3. Be friends with customers.
Though you are doing any kind of business, service is always the only one that keeps them stay with us in the long term. No matter how good quality your hair products may be, there’s no way that your customers will buy your merchants when they don’t feel comfortable or being pushed to purchase. Obviously, you have to be friends with them, ask out what their problems are, be sympathetic with them, and figure out what they need to fulfill their demands. Also, if you focus too much on raising the revenues without caring about customers’ feelings and what they looking for, I’m 100% sure that they will get fed up with your service and never come back. You can get a lot of orders today, but if you want to multiply that number exponentially, you have to take customer service into consideration as well. Hair business is now a promising but competitive field to sink money into, but to survive in that, you have to know how to build such perfect customer service to keep loyal customers.
2.4. Don’t hesitate to take risks.
As I mentioned, hair is such a luxurious merchant that not many people could be brave enough to invest in. Additionally, some when they do business believe that there’s no need to try new things, especially other products with higher quality but a little bit higher prices seeing that current returns have brought them enough profits. But they are totally wrong since if they don’t create themselves opportunities to grow, they would be at that place forever even get left behind cause their opponents always try their best to get evolved and keep changing and up-to-date. So in this hair business, trends keep changing as well. While you’re still hesitating to decide whether you should try new stuff, new supplier, new styles, your rivals have already taken that chance and convinced customers successfully. So never say “NO” with higher prices, go through them, check out the hair products that factory supplies, then make your own decision. Listen to the hair expert and be the trend leader.
In short, hair business is a potential field to plow money into and how to make your own hair business thrive prospectively is not an easy thing to do. Be smart in choosing the right factory to lay trust in, pay more attention to the customer service, and never miss the opportunities that just come once in a lifetime. If you follow these ways, you will become the king in this hair business.