Hair making business is one of the most lucrative businesses that you can start these days. With little or no capital, you can start your hair making business. Surprised? Yeah, there are a lot of local hairdressers that their job is only to plait hair and they do not own a shop; they run their business at home. All they need is to advertise their business to their family, friend, and neighbors. This is one of the advantages of hair making business; you can start it anywhere, even in your sitting room.
If you don’t have capital, I suggest that you start with this kind of hair making business – the local hair plaiting business a.k.a local hairdressing business.
Another type of hair making business that is very popular these days is hair Salon business. Unlike Local hairdressers, hair Salons offers a wide range of services. In a hair Salon, you will get your hair washed, dried, trimmed, and/or plaited naturally or with attachments.
If you are thinking of how to start and grow a hair business, then this article got you covered!
It is known by all that women can spend their last Kobo to look attractive to the other gender and even to their fellow women. Hair is one of the major products women use to bring out their beauty. This makes women very concerned about the kind of hairstyle they wear and how they wear it. To meet this concern or need, a hair salon comes handy!
If you are a good hairdresser, you will see customers coming in the morning, the afternoon, and at night for this service. This is because fashion is an ongoing process with no stop.
Hair making business is very easy to start but like any other business you have to make research on it to prevent it from failing. In conducting this research, you will get to know:
- how much you can or you are going to invest,
- how much will you be making,
- where you are going to site the business,
- which niche will you pick, and
- other essential things about the business.
Now, let’s start with the capital. Like I said earlier, you can start your hair business with little or no capital. But this depends on where you are going to start or site this business. If you are going to start the business in front of your house, with a little capital of N20,000 to N25,000 you can buy small equipment, start and run the business. With this capital, you can be making a minimum amount of N5,000 daily, depending on how you charge per customer and how many customers you have.
On the other hand, if you are starting your hair making business in a rented space, you need more capital as you will pay for the rent, buy chairs, a generator, fans, and other pieces of equipment needed to setup the shop. This will cost you about N200,000 to N250,000. A lot of money right? Well, if you consider how much you will be making daily especially if your shop is in a commercial area and you make it attractive, this startup capital will not be a big deal to you. Starting it this way, you can be making about N15,000 daily and as time goes on you might decide to hire apprentices which will enable you to double your earnings within a very short time.
Five Steps To Take Before Starting A Hair Business
I will now share with you the Five (5) steps that you should take before starting your hair business. Besides helping you to start the business, these steps will help your business to grow and prevent it from falling.
(1) Acquire the Necessary Skill(s)
Hair making business is not the type of business you can start off the head without acquiring the core and auxiliary hair making skills. Relax, you are not going to get a Bachelor of Degree in hair making before you acquire this skill. A training of Six (6) months or a year will make you good to go. In this training you will learn many kinds of hair plaiting including Ghana weaving, braiding, fixing of weaving, and other hair management skills like hair treatment, and hair culturing among others.
Also, you will learn washing and retouching of hair. If you are going to start a unisex hair business (i.e., a hair business for both the male and female gender), then you will need to learn different types of hairs for men just like you learn that of women. Getting a place to learn this skill should not be hard as there is several hair making shops in town which are willing to teach this skill for a small training fee. You can simply work as an apprentice to other hairdressers thereby learning it in the process.
Besides the skill of hair making, you should get business management skills too. You can do this before or after you’ve started the business. This will help you to go far and attain great heights in the business. You can check for a good business school closest to you as well as their features/offers as well as why you should attend business school.
(2) Create a Business Plan and Save Up for It
You should create a business plan that will enable you to know how much you are going to invest, where to start, the energy, and time needed. The next thing to do after creating a business plan is to start saving money for the business. This, you can do while you are still undergoing the training. You can collect a loan or ask for help from your family members and friends.
This is why I suggest that you start as an apprentice so that you learn the rudiments of business and savings. You can be saving your little earnings and by the time you finish learning the skill, you would have saved a considerable amount of money to enable you to set your own business.
There are other avenues through which you can get funds to start your business. I have a detailed article where I list about 10 ways to raise funds for business startup such as your hair business. You can get the complete guide here
(3) Choose the Best Location to Site the Business
This is another very crucial or arguably the most crucial of all the steps in starting this business because choosing the wrong location might lead to the failure of your startup. Whether you want to rent a space or start in front of your home, you should get a good place where your customers will easily find you. If you choose a hidden place, your business will end up failing as no one will know about you and your business.
(4) Keep Your Business Premised Tidy and Well Decorated
When you got the right location and launch your shop, you should try to make it as attractive as you can. Make sure that you and your shop is always neat and tidy. Arrange your materials and equipment in a neat way that will make your prospects and customers see everything that they need easily. If you always keep your shop attractive, people will keep coming; the reverse could be the case when you do not keep your shop tidy.
(5) Advertise Your Brand, Offer Superb services, Make Profits
To make your brand spread, you should advertise your business. If you can afford sign boards then you should go for it. You can also advertise your business and the services you offer on social media. Doing or delivering good and high-quality jobs is also another form of advertisement; if you make beautiful hairstyles for your customers, whoever sees it will like it, develop interest and then come and patronize you.
As a hairdresser, you should live by the saying, ”a customer is always right” meaning that you should relate well with your customers and be patient with them. A good character will keep bringing more customers to you while a bad character will drive more prospects and customers away from you.