The content below is from the upcoming book about nothing but a hair extension business.
– Finding Best Hair Extensions Suppliers
– Dropshipping Extensions vs. Inventory Stocking
– How to Write a Hair Extensions Business Plan?
– How to Market Hair Extensions?
– Bonus: AiryHair Offers
As you will soon learn, Samantha and I have been working in the beauty and fashion industry for more than 20 years now, so when we were asked to write an article (that was pushed as a book), we were more than thrilled to do so. Over the past 3 years, I’ve spent a lot of time researching and testing various marketing methods, different hair extension suppliers, and even web hosting companies till I was 100% certain that the perfect combo has been found and that I am willing to share that with you. As for Samantha, she is an expert when it comes to marketing, so be sure to read all her valuable comments and insights.
The information provided below will help you to begin your journey into the amazing world of hair extensions; it does not matter if you are a student, a housewife, or a successful businessman; we will explain the whole process in a way that everyone single person is going to understand and find the information valuable.
We are almost ready to begin, but before we do so, there is one last thing that we would like to talk about, and that is…
The first thing you need to do is find a reliable hair extensions supplier as, without one, you might as well not start a business at all. Some might argue that writing a business plan should be the priority, but not so fast! If you don’t have any clue about the prices or shipping options, there is no way for you to write an accurate plan at all.
What’s a Good Extensions Supplier Anyway?
To get the answers, we have launched a new shop (to simulate our reader’s experience) and, for the last two years, tested a bunch of hair extension suppliers! We are talking wholesale and retail, ranging from the most popular ones to the unknown brands from Asia, India, and Europe. Now, for legal reasons, we can’t mention any of them, but some of their decisions have completely shocked us. Believe it or not, but a common theme was this: a lot of suppliers would be friendly and offer you the “best price and quality” only to ignore you afterward. Why? Because your orders have decreased. That’s it!
They did not care if it was a change in design, server downtime, or anything else. Right after you were no longer sending enough orders, they would simply ignore you and start writing new victims on how they care about their clients and other lies.
A lot of suppliers would be friendly and offer you the “best price and quality” only to ignore you afterward. Why? Because your orders have decreased.
Just imagine how badly this can affect your business. Not only will they start ignoring you, but you won’t be able to fulfill your customer’s orders as well. That’s not all, though; since it takes months to find a high-quality hair extensions supplier (receiving samples, checking quality, etc.), your business is pretty much doomed. Imagine no income for the next few months.
What’s the Best Hair Extensions Supplier?
After refining our hair extension suppliers list (from 67 to 15), we went ahead and created all kinds of challenges for them. We thought of various business aspects and ideas to test.
For example, we would ask if we can use their stock photos (some refused), stock text (all refused as no one wants to have clone stores), and even if we could use their shipping companies. Then we feed the remaining 7 companies with our orders and see how everything was handled. At first, everything was smooth as butter. Then we started having first issues with some of our orders being damaged. Sadly, not all suppliers offered us to receive a refund. So, what we had left was only a list of 5 companies, and all of them did a pretty good job at supplying us with quality hair extensions.
The final decision came to this. We simply asked ourselves: if we were to use a single supplier for many months (or years), which one of them would be the best for both starting and big businesses?
This includes more than profit margins, shipping service, and hair quality. Consider the speed at which hair extensions are sent, response times, ability to supply big numbers at later times, dropshipping options, etc. If you don’t know what exactly dropshipping is, don’t worry, as we will discuss this in the next chapter.
Deciding on Hair Seller and Factory
Now, while anyone can give you a decent recommendation, we wanted to do more than that. We agreed that it is going to be either a supplier that we can trust one hundred percent or no supplier recommendation at all. I mean, if we can’t stand by our decision, then there was no point in continuing to write our “Hair Extensions Business Bible” at all. Thankfully, we agreed and made our choice.
We agreed that it is going to be either a supplier that we can trust one hundred percent or no supplier recommendation at all.
At the end of the day, however, we had to pick a single supplier. It met our criteria for both new and existing businesses. So, what did we pick? AiryHair, and here is why:
- Their price / quality ratio is miles ahead of the competition
- AiryHair always shipped only the highest quality hair
- We were never ignored, even when we did not have any orders for days
- Store offered to exchange their goods at no cost
- AiryHair staff was friendly towards new customers. That’s one of the most important things a starting business needs
- They offer drop shipping (a “must meet” criteria for our store)
Overall, we were impressed with their way of doing business. No wonder AH ranks so well among big guys.
P.S. After revealing that we are writing a book and that AiryHair was our choice to the CEO of the company, not only did he have a good laugh but also offered to host and fund our book at no cost.
We couldn’t stress this enough! If you don’t think that the supplier above will fit your needs, please invest some time and find a high-quality supplier that will meet all your needs.
The next thing you need to do is decide whether you want to use a drop shipping service or maintain an inventory on your own.
What is Drop Shipping?
It’s a simple management technique which allows you to save yourself from unnecessary investments and forward all your orders to the supplier (AiryHair in this case). It will then package your goods and send them to your customer without mentioning their name. The result? You don’t have to store anything or think about supply chains! Everything is handled by the supplier; you simply send them orders, and they deliver the goods. Yet you are the one taking all the profit and stripping their original brand.
Your customer thinks that your shop is the one that is sending hair extensions. Dropshipping is nothing short of a miracle. It’s not all sunshine and rainbows, though. The local delivery times are slower, and you can’t control the package. Is this a good enough reason to avoid drop shipping at all? Of course, not but let’s think about alternatives.
Drop shipping is nothing short of a miracle. It’s not all sunshine and rainbows, though. The local delivery times are slower, and you can’t control the package.
Should You Stock Inventory?
The next thing you should consider, of course, is stocking your inventory. It allows you to quickly deliver packages in nearby neighborhoods or countries that are closer to you than your supplier. However, it all comes down to a cost: you need to invest thousands of colors and stock all kinds of different extensions, which you might not even be able to sell.
Be Flexible with Your Business
What else can you do? A combination of both! Assuming you are selling worldwide, you could store a few models in your home (or a store) and send them to the customers nearby. The result? Much faster delivery time and more satisfied customers! For countries that would receive packages in 20 – 30 days, anyway, leave that to your supplier.
What are you only selling locally? Storing hair extensions could be an asset to your business, as we have seen a lot of cases where a local customer would just pick another brand, which was able to deliver the product, not in 20 but 5 days.
So, having said all that, let’s look at the advantages and disadvantages of each service.
|Does not require any investment||Requires a significant investment|
|You can’t control delivery times||You have full control over delivery times|
|Not much control over your package||You have full control over your package|
|No worries about inventory and stock||Constant worrying about inventory|
|Risk free||Requires taking huge risks|
It should also be noted that when you start your hair extensions business, you have no idea what hair extensions your customers are going to order. You have no sales data about the most popular length, type, color, or hair texture. Our suggestion? Go with the drop shipping and expand when you really must.
Hair Extension Affiliate Programs
There is one more alternative that one should consider. Selling hair extensions using an affiliate program. It works similarly to a drop shipping service and requires no investment on your part. It does not require you to do anything other than give a specifically generated link to your friends.
While there are a lot of different programs, we strongly advise you to pick one that guarantees to credit you. Even when your referred person does not buy instantly. For example,: AiryHair Affiliate Program will save a special cookie on referrers’ computers for more than a year. Meaning that even if they decide not to buy anything but for some reason remember about AiryHair 10 months later when they need extensions, you will still get a credit.
We will talk more about getting started with an affiliate program in the later sections of this book, so if it still looks mysterious to you, don’t worry! We are just getting started.
Now that you have found a supplier, know their prices, and have an idea of which shipping service you are going to use, here comes the next part…
Writing a proper business plan is the second most important thing after finding a supplier. Without one, you won’t have any idea about your planned profits, investments, business opportunities, and so on. Below, we are going to list some of the most important things that one should include when writing a great business plan.
You do need to know your target audience. Since you are selling hair extensions, the most likely group is going to be women. However, one should also consider hair extensions for men, which is a growing yet not flooded niche.
If you are targeting young females, then keep in mind that your website should also be targeted towards such an audience.
For example, the inclusion of highly popular social networks, words and expressions that are used in the female circles, and so on. If you decide to go in a completely different direction and sell hair extensions to older ladies, then other factors should also be considered.
Elderly people don’t feel safe when shopping online, so adding a way to order via phone is a must. All in all, it comes down to your target audience; now sit back and write that down to your business plan.
Make a Final Decision
Determine how you are going to sell hair extensions. Decide whether you will operate a brick-and-mortar retail outlet or sell your products online. There is no comparative advantage of either option. Your choice will largely depend on your goals and objectives, target market, start-up capital, and personal preference. If you have a substantial capital base, then you can operate your business either as a wholesaler or distributor.
Study Your Competitors
Now that you have established your target audience, the very next thing you need to do is study your main competitors. If you are selling hair extensions for the elderly, just Google “elderly hair extensions” or any other keyword combination you can think of and visit at least 5 competitor websites.
Write down everything that grabbed your attention. Was it a great design? Or maybe a catchy logo and amazing item photos? Be sure to note all of that, as you will be the one trying to outperform them. In addition to that, go through their checkout process (but cancel at the last minute) and note the things that made an impression on you. Having a great checkout experience is one of the most critical parts of a successful store.
Be Cautiously Optimistic
Before you start dreaming about the millions of dollars that you will be making every month, be conservative when it comes to your financial projections. Write down your goals for the next 6 months, including expenses such as marketing. Also, you should decide the average profit you want to earn for every set sold. In the example below, we are going to use a 35-50% profit margin and an average order value of $112.7, so a simple form might look something like this:
|Jun||$0||$300 (Contest / Ads)||48||$5409.6||50%||$2404.8|
* This assumes you are using AiryHair’s custom store offer. Giving you a lifetime wholesale membership, free store installation, free address, and free website hosting for a year.
You are free to add % growth, excel diagrams, unexpected charges, and other things that you might find valuable. It’s all about the average order value and your profit afterward. Here are some of the graph examples:
How Much Time Do You Have?
Another important thing to consider is the time you are willing to invest in your business. If you have a full-time job, then please plan accordingly. Don’t create unrealistic over too ambitious goals. Otherwise, you will end up losing motivation before reaping the rewards.
One thing I like to tell my clients when they are creating their businesses is this: think like a banker! Would you give a loan to a starting business like yours? If yes, why? If no, why not? Write down the answers and work on eliminating as many “no’s” as possible.
Adopt the relevant “pull” strategies to promote your hair extension business. If you own a brick-and-mortar retail outlet, you must become visible in the community. You may launch or participate in a local fashion event, hair show, or similar activities in your community. This will create goodwill and a positive impression on your target clients.
You may also take an active role and support advocacy groups that donate wigs and items that are needed in making custom wigs for cancer patients and people who are suffering from alopecia. On the other hand, if you are selling hair extensions online, you should set up your accounts with social media networks and manage your blog that focuses on hairstyling and other fashion interests.
We could talk for hours about marketing alone, but it’s something you should experiment with. Different strokes for different folks and your strategy will entirely depend on your character and wanted customers.
- Use AiryHair as your hair supplier for 100% Remy hair, which will help you to avoid complains and bad reviews.
- Either select a drop shipping option or buy in bulk if you want to ship directly.
- Skip custom hair branding when starting to cut costs unless you have over $5,000 to spend. In that case, please see our home page for opportunities.
- For pain free store setup, order this package. We will set up a fully functional store for you in just a few business days.
- Write a proper business plan and include all your expenses as well as marketing ideas. Use calculations if possible.
Got any questions? Contact us, and we will get back to you asap.
Whether you are a YouTuber who wants to recommend hair extensions or a business-savvy person who wants to create their brand, we are here to help you in all your endeavors. The best thing about this opportunity is that you don’t need to have any experience in this business whatsoever, just some determination and good ideas.
So, if you want to start earning big and be a boss, check out the amazing deals we have for you.
Hair Affiliate Program
Do you have a platform with lots of viewers or readers that would be interested in hair extensions? We offer you an incredible affiliate program that enables you to earn a lot of money by recommending hair extensions online. If you have a website, blog, Instagram, YouTube, Twitter, or Tumblr account, you can work from home by placing ads and banners on your site or promoting on social media.
You will also have the amazing opportunity to have your own extensions store and use our drop shipping service. If you don’t have a website and are not interested in having it, you can make money by recommending our hair extensions with a uniquely generated link.
You will earn $10 for your first sale and $4 or $5 for any additional sales. If you sell less than 10 sets of extensions a month, you will earn $4 per set, and if you sell more than 10, you will earn $5 a set. If that doesn’t sound like much to you, keep in mind that orders usually include dozens of sets, so it’s all up to you. If you find a customer that will buy a lot of sets, you can earn thousands of dollars!
Your Own Hair Extensions Store
If you want to open your store and sell extensions, you have come to the right place! Starting can be quite tough, and you maybe feel overwhelmed by everything if you don’t have any prior experience. But that’s what we are here for.
We are here to set you up with absolutely everything you need in order to open up your own store. You don’t need to know anything about websites, hosting, and domains; just leave it all to us.
The only thing you need to do is provide us with information about your website. Like product descriptions, pictures, and anything else you want there, and we will put it up for you. Trust us when we say that we will work hard to create the best online store that you can imagine, bringing your unique vision to life.
Not only that, but we will also teach you how to add further information and products to your site, along with pricing and different options. That way, you learn all the things you need to know to run your store successfully without having to rely on anybody else.
You will also get extra perks and gifts without any monthly fees. We will provide you with free hosting for your store, free domain, free store setup, free design + bonuses. Yes, you have heard it right; you get all of that for a one-time fee of $399.
That’s not all. If you order a VIP package using the “ILOVEAIRY” promo code, you will receive a lifetime wholesale membership worth $495! There is no minimum order requirement for this package which means you get a $5 discount for a lifetime.
Extensions Drop Shipping
Already have a store and want to earn more money? Check out our dropshipping option. It is the perfect way for starting and growing your extensions business. We have made it so simple to use our drop shipping option, and you can do it in only a few clicks.
When we send our dropshipping packages, there is no company name, address, cards, logos, or any information that points to AiryHair. That way, your customers have no way of knowing that the item was sent by us.
Using our dropshipping option could not be simpler. You don’t even need to contact us; just order an item and make sure to uncheck the “Shipping to the same address” option. Instead, put in your customer’s address and complete the purchase.
We also offer a branding option. So, if you want us to include your custom-made car in the package, send us your design. Keep in mind that the minimum order is 500 cards.
If you need large quantities of hair extensions and accessories, we are here for you. With over ten years of experience in this business, AiryHair is the perfect distributor for you.
What is different about AiryHair is that we not only sell regular hair extensions but customized extensions as well. That means that you can order any kind of extension that you want, and we will make it for you. Whether you need unique colors, lengths, or weight, we have it all! The custom-made option is not only available for wholesale but any purchases without additional charges.
AiryHair extensions are made from real Remy hair. Maybe you already had bad experiences with companies trying to sell you non-Remy hair under the Remy brand, but we can assure you that our hair is genuine. We only sell hair that is top quality and that lasts for a very long time without tangling and matting.
You can choose from clip-in, I-tip, U-tip, micro loop, tape-in, and flip-in hair extensions, from 6 to 30 inches in size. You do everything with this hair as with natural hair. That means you can dye it, curl it, straighten it, wash it, and style it however you want to. So be sure to order in bulk now and get your discount!
Hello! My name is Elizabeth, I want to start hair extension business(weavon and attachment of different brands). My question are, how do I get a best quality suppliers to source from and secondly, what are the tips to adding profit to every purchase I make in order to sell at the same price other distributor/retailers sell?
Hey, check https://www.airyhair.com/business/