How to open a hair store?

The selling hair business is a quick-growing and profitable business. If you have an intention to open a physical hair store to be your own boss, keep reading this post, we are going to share with you how to open a hair store step by step. Or if you are interested in how to start a hair dropshipping business, you can also go over our previous post.

Step 1: Make a business plan

To open a physical store need more inventory than to start an online hair store, so before you determine to open a physical hair store, you'd better make a specific business plan to make sure to earn your money back as soon as possible. 

To open a brick-and-mortar hair supply store successfully and earn back quickly, firstly, you need to find out a location with high foot traffic for your hair store. And then you need to figure out how much this project may cost( rent costs, renovation costs, product costs, utility costs, staff salaries, legal or permit fees, and other unexpected costs). Then you need to set your business goals about your anticipated time to earn back and according to your anticipated time, how much your sales per day should be. According to the average transaction value in your local market, to achieve your sales goal, how many bundles or wigs you should sell out per day. How you plan to attract more customers to shop in your store and how you plan to boost your sales.

Step 2. Apply for a license

Go to the city hall in your area to register your business name and apply for a license. And then load in the government site to request a tax identification number and an employer identification number.

Step 3. Make a niche research

To earn back as soon as possible, you'd better make specific research about the top-selling hair bundles and wigs in your area. You can visit other successful hair stores and notice what they stock and how they handle customers.

Step 4. Find out reliable hair suppliers and ask for samples

A qualified wholesale hair vendor should have a few years of industry experience, a sizable customer base, great reputations, fast shipping (of course, fast & free shipping will be better), competitive price with good quality, and communicate smoothly. To find out reliable wholesale wig vendors, you can search wholesale hair vendors on Google or you can contact Virgin Hair Vendor directly.

Virgin Hair Vendor has specialized in wholesale and export high-quality human hair wigs and human hair bundles for over 20 years. And we have received plenty of good reviews from our global customers, thanks to our quality-guarantee products and extraordinary services. All our human hair wigs and human hair extensions are crafted from 100% Remy hair, soft, smooth, natural, with no shedding, no tangling, no split ends. Welcome to reach Virgin Hair Vendor for hair samples, we are proud to serve you.

Step 5. Furnish your hair store and store your products

Furnish your hair store with lights, mirrors and shelves. And you can refer to other successful hair stores in your area and notice what they stock and show their products.

Step 6. Marketing and Promotion

Visit your nearby salons to leave your hair samples, business cards, or coupon promotions. Try to establish a good relationship with them, you can invite your nearby wig lover to have a tea, or give your customers some small gifts. Or you can try to advertise on Facebook or Google and keep posting beautiful hair weave or something fun in your social media account to attract more customers and promote your sales.

Related Read:

How to become a weave distributor in Africa?

Question list to ask your hair vendor before buying a wig

6 Tips to start a hair business with no money

How to find the best human hair vendors?

How to start your online wig store in South Africa?