Human hair extensions are beyond doubt a lucrative industry in many countries all around the world. The driving force for the prosperous business lies in the booming demand for raw hair extensions in continents from Africa, Europe to America. As a result, many investors are intending to jump on the bandwagon. However, is that easy for everyone to make a fortune out of it? This editorial will equip you with all the DEADLY FORESEEN MISTAKES that can ruin your business and THE HANDIEST TIPS for your business of human hair extensions.
1. HOW LUCRATIVE HUMAN HAIR EXTENSIONS IS?
You must know from someone that this business is highly lucrative and easy to hit the jackpot The story below is a typical example.
Mrs. Chioma Ikogwu, the founder of Good Hair, shares her experience of kicking her human hair extensions business off with just 10 bundles of hair but after a period of time, she can build her own brand and begin to expand to other countries. YOU CAN SURELY DO THE SAME because of the growing demand from customers.
The United States is the leading importer of human hair extensions with more than 40% of the global hair market. Additionally, the market share is projected to continue expanding in the next 5 years ( Frost & Sullivan Report, July 2019).
In the meantime, according to Reuters 2020, in Africa, haircare becomes a multi-billion dollar industry the value of the human hair extensions industry can reach $6 billion a year only with the African market. Moreover, 8 out of 10 Nigerian women wear wigs on a daily basis.
For more information of the hair business 2020 – expert view, kindly follow the link:
2. TOP 4 DEADLY MISTAKES IN HUMAN HAIR BUSINESS
Being a prosperous market makes it a double- edge sword. Specifically, the more promising, the more competitive. The start-up failure rate in the retail business of human hair extensions accounts for more than 50% of the total.
WHAT ARE THE REASONS FOR THAT?
2.1. KNOWLEDGE DEFICIENCY ABOUT PRODUCTS
First and foremost, having insufficient knowledge about human hair extensions is the worst thing ever with any hair businessman. Because of that, scammers can be easy to cheat hair vendors out of their money and provide a bad quality. Then keep yourself posted with all of the information about real human hair extensions to avoid the trouble.
Consult the K-Hair Magazine to get an in-depth outlook of human hair extension and drill your expertise.
2.2. INSUFFICIENT INSIGHT INTO THE HAIR MARKET
Getting ample insight into the hair extension market is a critical point in trading human hair extensions. Obviously, knowing what’s going on in the market will help entrepreneurs to make the right decision in their venture. Moreover, it’s also akin to understanding the opponents as well, which can assist in devising the business strategy.
The most updated information about Chinese hair extensions you never know!!!
2.3. INEFFECTIVE BRANDING THE HAIR EXTENSIONS BUSINESS
To be successful in the hair business, guarantee the best quality and a good price is not enough. Importantly, businessmen need to advertise their strength on many platforms and social media like Facebook, Instagram, Twitter, etc to attract customers. In the 4th Industrial Revolution, everything needs to be at the state of the art, especially in marketing. Therefore, making your customers connected with your brand and products regularly will keep your products in their minds.
2.4. BEING RUSH TO BE SUCCESSFUL
Many hair businessmen start their journey with a strong belief that success is waiting for them right down the road and when they meet the difficulties, they can easily get disappointed. Then, they can give up on the business. Therefore, persistence is the fundamental characteristic of a shrewd merchandiser.
Wisely and slow; they stumble that run fast.
3. WHERE TO FIND THE BEST HUMAN HAIR EXTENSIONS?
3.1. BRAZILLIAN HAIR EXTENSIONS – An ideal destination?
It’s undeniable that Brazillian hair extensions have the best quality in the market. However, not many people know what’s actually going on in the market. In the book ” The truth about the human hair industry: Wake up black America” by Alix Moore, she reveals all the unknown things about the market, include the shocking truth that 80% of the Brazillian hair in the market has no connection with the name. Instead of that, the hair vendors from Brazil find ways to import hair extensions from other countries of high-quality like Vietnamese human hair to sell under that name.
3.2. INDIAN HAIR EXTENSIONS – The biggest hair manufacturer in the world?
India is long-known as the leading hair distributor for the global market with more than 19 million dollars in 2019 and the figure keep rising – Asia Nikkei report on May 2019
Although the texture is not as good as Vietnamese human hair, the hair from India is praised for the thickness and fullness with a pretty long duration. However, because of the rampant growth, hair vendors can easily be scammed by many shell corporations in India.
3.3. VIETNAMESE HAIR EXTENSIONS – The best choice!
Vietnamese hair extensions have been famous as one of the best hair quality in the market. With the hair comes 100% naturally from Vietnamese young women in mountainous areas, it can last for a long period of time without shedding, tangling, etc. Moreover, Vietnamese hair extensions will give customers a special experience like the hair is of their own because it’s silky, shiny but not too thick to make an awkward feeling.
K-Hair factory is the leading hair manufacturer in Vietnam. With more than 30 years in the business, K-Hair has demonstrated itself as the most reliable choice for hair vendors all around the world. With the motto, QUALITY IS KING, K-Hair always provides customers with the best quality in the market and most reasonable price. Under the patronage of the Vietnamese government and many other countries like Nigeria, the United States of America, etc, the scare of being scammed or frauded never exists.
Contact Mrs Jasmine, Expert from the K-Hair factory right now to get the best advice for your human hair business and special promotions in the COVID-19 pandemic.
WhatsApp: +84 886 331 903
In conclusion, hair vendors should have meticulous preparation before kinking their business off and always be ready for any situations. Whatever happens, you should always bear in mind that ALL THINGS ARE DIFFICULT BEFORE THEY ARE EASY.
Let’s keep trying your best and K-Hair always stays by your side.