Hair extension retail stores includes stores that mainly specialize in selling wigs, hairpieces and hair extensions for both aesthetic and medical purposes. Just like most businesses in the retailing industry, it depends on strong consumer spending to spur the demand for industry products.There are hair businesses that someone with little education and no serious business background and training can start. One of such businesses is to open a “hair extension” retail store. The major things you need to succeed in this kind of business is a good location, easy access to wholesale supply of quality “hair extensions” and good customer service skills.
The truth is that if your store is located in an good area with good human and vehicular traffic, and you have quality hair extensions, wigs and related products from different brands, you will not struggle to get customers visiting your store and make a purchase.
The wig and hair extension retail store industry is a very profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business. You can choose to start on a small scale on a street corner or you can choose to start on a large scale with several outlets in key places.
In setting up any business, the capital needed will depend on the approach and scale you want to undertake. If you intend to go big by renting/leasing a big facility, you then would need a good amount of capital because you need to ensure that your employees are well taken care of, and that your facility is conductive enough for workers to be creative and productive. This means that the start-up can either be low or high depending on your goals, vision and aspirations for the business.
According to a documentary aired on hair extensions, it was found that the reason why more people were wearing hair extensions was due to the fact that the extensions helped add volume and length to one’s hair and could also dramatically change one’s look. This is why customers are willing to spend thousands of rand’s at one spot, just so they could get a hair extension.
The demand for hair extensions has increased dramatically especially as celebrities have now joined the target market. The reason for the boom asides from the celebrity factor is due to the fact that new technologies for applying these hair extensions have emerged for users.
A well-structured business plan is a very important business document that you should not take for granted when launching your own hair extension retail business. Should you need professional help and assistance in this area contact us now at: (27)84 583 3143 or money@global.co.za
