FAQs
People would spend thousands of dollars starting any company and still get failed. But, if you are interested in starting a hair business, a budget of $1000 is enough to make a start. It is a good amount to invest in the initial inventory, and with this figure, you will not have to break the bank. If you plan your business wisely, you will be able to make a healthy profit to keep your business thriving. We want you to complete your part of the research before making the final decision. Here is the complete guide about how much money is required to start a hair business.
What Kind of Expenses Will You Bear?
First, you will need to list the whole things you will be spending your money on. Apart from the inventory, you will need capital for the stationery, warehouse, transport, packaging, and marketing. In addition, you will need the money to invest in your business in the first three or four months. Further, spare enough money for your company registration and legalization expenses.
In Addition to Money, There are Many Other Things That You Must Consider The Following Aspects of Starting a Business:
Time is money
In this advanced era, time is money. Therefore, you will also need to invest time to start a hair business. However, time and money both are relative.
Research wholesale companies
Whether you want to sell hair online or via a physical shop, you will need to go to lengths to find the best distributor. In this case, you can hire someone to complete the part of the research or perform this task yourself. It is suggested to perform this task yourself as you will be able to evaluate the market with more focus on your interested products. Spare $500 to initiate the business with the first inventory and then spend the other half on other requisites of the hair business. To cut off the heft costs, try to search for the wholesale companies. Wholesale companies are beneficial as they:
- Have access to various brands of the same niche.
- All the brands are available under the same roof.
- Low prices to earn higher profit margins.
- Variety of products in terms of size, color, and shapes.
- Offer automated delivery for reordering the products.
- Bundles of products for the resellers and retailers.
Supplies and equipment
Anyone who has already experienced in the hair business knows what supplies and equipment are required for starting a hair business. The overall cost of the business depends upon the type of business. For example, if you want to start a salon, it will require a considerable budget to manage the supplies such as hair products and more. Likewise, a hair salon will require extra styling and treatment equipment. But, for an online store, such things cost less.
Competition
Before starting a hair business, one must know about the competitors to perform well. Here money also plays a vital role as you will need strong business planning and marketing strategies to beta your competitors to stay on the top. Finally, explore the market and visit the hair store to get an idea of recent trends and have a deep insight into the hair market possibilities.
Marketing
It is one of the aspects of the business that can’t be neglected at any cost. No matter how small your business is. It must have a presence on social media platforms. There are different methods of business advertisement from Google ads to influence marketing. You can choose whatever suits you according to your budget. Spare a fixed budget to advertise your business by making a website, newspaper, phonebook ads, and other low-cost options.
As little as you will need $1000 for an online store and a quarter of a million dollars for a vast business, don’t forget that it is better to invest less in the starting and then add more money to your business. There will be minor bleeding and a low risk of failure with a low investment approach in the hair business. Remember that the hair business is an evergreen industry that will not go down soon.
Finding a legit hair vendor is one of the challenging tasks in the hair business. You must know how to find a legit hair vendor and recognize any fake hair vendor.
Here Are Some Steps That You Must Follow to Find The Right Distributor or Vendor For Your Hair Business:
1: Do some company research
The first part of the process is to perform enough research about the company, wholesaler, distributor, brand, or vendor to ensure you are not being scammed. Fake scammers go to the lengths to purchase their fake products, including fake orders and reviews. So:
- Don't just trust the influencer's reviews
We are in the age of blogging and vlogging, so most people fall for influencers' reviews. Unfortunately, the hair vendors know that this is one of the hottest marketing tricks, so they will gain fake reviews to sell their low-quality products; hence, don't fall into the trap of beauty guru's reviews.
- Fake Review
If you want a hair care product online, reach out to Quora to find the reality about reviews of a hair vendor. The reviews on the vendor's website can be fake, so you must ignore those reviews and look for some legit responses.
2: Compare prices
It is imperative to perform a price analysis before buying anything online. For a hair business or any other online business, primarily, people deal in wholesale or promotional bundles as they come with higher profit margins. Therefore, it is essential to compare the prices of different vendors to determine which one is fake and which one is legit with guanine photos and correct prices.
3: Read the store policies
When buying anything for your hair business, read the return policy on the vendor's website. They are likely scammers if their refund policy makes you jump out of the hoops to get your money back. Likewise, some vendors copy-paste the refunding policies from genuine brands and websites, so you must observe the refunding policy keenly.
4: Double-check the website URL
One good option to spot a fake hair vendor is to go through their business website thoroughly. Some scam websites imitate popular brands to fool their customers and get leads. Double-check the web address to make sure that the hair vendor is legit, with the legit website having real photos, products, and prices.
5: Beware of social media advertisement
Social media is a pool of ads that keep coming depending on your research. Do not place orders from Facebook groups and Instagram pages. Instead, try to reach out to the product website advertised to you on social media platforms. Make your purchase through the website only once you are sure that the website is legit.
6: Business certificate
If you are a retailer or a reseller and need to buy bulk the products to restock your online hair store, ask for the business certificates. It is one of the easiest ways to filter out scammers and find the right hair vendors. The legit hair vendors will share their company details with no fear. Moreover, you can confirm the company details by exploring the company's database website.
7: No specialized knowledge
Take your time to ask some genuine questions from your vendors, including the company details and product details. Unfortunately, scam hair vendors will take time with these questions, while the legit ones will approach you in no time to make their sales.
8: Urge to pay first
The scammers will not allow you to take the test products first. They will be focused on urging for the money first. In addition, they will be in a hurry to get the sale as soon as possible. Take your time, complete your research about the hair vendor and then go with the first purchase.
A hair vendor is someone who provides you with hair extensions, hair care products, and more to run your business smoothly. Moreover, a hair vendor list is a list that contains several trustworthy hair vendors, their products, and contact information. Some vendors manufacture hair extensions and sell them directly in bulk quantity to you. Therefore, you can easily find the products according to your customer’s needs and demands.
The hair vendors own hundreds of brands and thousands of hair extensions and relevant products in different colors, styles, designs, and sizes. Moreover, there are different types of vendors according to different products.
Features of a hair vendor list:
A reliable vendor list is informative enough to cover all the essential information such as the name of vendors, contact information, and their products. If you get the hair vendor list from a third party, don’t assume that they have tried and tested all the products. Try to do your part of research yourself before purchasing from any vendor. For your ease, here are some features of a vendor list that you must check:
1: Information
The vendor list must contain all the relevant and original information. To check if the information is authentic, try to reach out to their customer service via email or a phone call. Likewise, check out the website and product photos. If you find any ambiguity in the depicted information, avoid such vendors.
2: Type
There are different types of vendors, from European vendors to Indian vendors. Depending upon your business goals and requirements, you can select
what fits best according to your needs. Moreover, you can shift from one list to the other depending upon your requirements, customer demands, and budget.
3: Customer service
One feature of the vendor list is customer support; you must not neglect this feature. Once you get the list free or by paying a few bucks, try to contact one of the vendors from the list to check if the list is genuine or fake. If there is no customer support contact information or the given information is wrong, contact the party from which you get the list and ask for a refund immediately.
To enjoy a hassle-free experience, contact the individuals and collaborate with the hair businesses already dealing in your niche. It will help you learn about the latest hair products and new trends.
4: Quality
Never compromise on the quality no matter what. Must know the reliable names of vendors from the hair businesses. Ask your friends if they know any vendors who can help you offer products for your hair business. If you do not find any, check the hair websites and online stores like Amazon, Etsy, eBay, Ali express, Ali Baba, and other renowned names. Such stores mention the brand names and wholesale vendors too. So, you can quickly check the legit vendors and contact them directly without any hassle.
5: Price
The vendor’s lists can mostly be found online on hair websites and blogs. The vendor lists vary depending upon the type of products. On average, a
list price ranges from $20 to nearly $1000 depending upon the quality of the list and the sellers. The list price will be
high for top-notch brands and vendors compared to local vendors.
6: Delivered costs
Ensure that you know how to calculate your profit margin and delivery costs while selecting a vendor list. Many people forget to add this factor that mostly the overseas suppliers and vendors charge additional transaction fees. Moreover, the shipping costs from such vendors are also high for oversea deliveries. Hence, while checking for the vendor lists, one must consider that international vendors are expensive compared to the local ones. So, shortlist the vendors according to your budget and have a look at their delivery fees for the orders.
Types of Vendor Lists:
There are different types of vendor lists that you must know before searching as they can help you save time. The types of vendors include the names of Vietnamese vendors, Chinese vendors, and European and Indian vendors. Here are the following reasons for choosing them:
1: Vietnamese vendor list
According to the type of your business, you can choose the vendor. For instance, it is for you if you are looking for quality hair extensions and other products at reasonable rates that don’t charge you a leg and an arm. You can meet your business expectations, goals, and requirements without getting
out of your budget.
2: Chinese vendor list
A Chinese vendor list is beneficial for businesses with a low budget to start the business. Moreover, the businesses that can compromise on the hair products quality need to focus on competitive prices to run their business.
3: European vendor list
Such lists are available on the websites such as Amazon and AliExpress, but you can’t just rely on them. You will need to complete your part of the
research before finding one. However, if you have a plentiful budget to run your business and want to offer top-notch products to your customers, a European vendor list is all you need.
4: Indian vendor list
An Indian vendor list is beneficial for businesses that want to offer various products. The Indian vendors offer local and international hair products with reasonable pricing. Moreover, you can avail good promotional prices to earn higher profit margins for your hair business.
To sum up, to get the authentic vendor lists, search around. Look for the hair blogs that cover such topics as they offer good information about vendors and how to select the right vendor for your business. In addition, don’t forget to do your part of the research. Check different vendor lists, and compare the prices, product bundles, stock availability, and delivery costs.
Finally, check the vendor’s online presence on social media platforms and read the customer reviews before making a final decision.
There are many horror stories around about fake products, fake reviews, and prices when talking about hair vendors.
Before starting with the tips, if you are new to this field of hair business, we recommend you know about some terms that are frequently used in this niche. There will be plenty of terms from wholesalers to vendors that you will be unaware of. Hence, search the terms online before reaching out to a hair vendor. Here are some tips and tricks that you must follow while choosing a hair vendor for your hair business.
1.Research and Make a Budget
The first thing you need to do before opening any kind of business is to decide how much capital you want to invest in it. This means looking at yourfinances. doing some research on the market. and finding out what type of hair extensions you will be selling.
Several different types of hair extensions are available in the market. If you plan to sell Virgin Hair. then you will ideally need more capital because virgin hair is expensive. However. if you plan to sell Remy or synthetic hair then you could start with lower capital.
You should also think about the location and channel through which you will sell your products because this will also influence capital requirements.
Create a list of all the things you need to get done to set up a hair salon or reseller company. It's always good to keep track of these things because they help you stay organized and focused on your goals. Once you have everything written down - the budget. type of hair extensions you want to sell. and the medium through which you'll sell. the task of finding a vendor will become easier.
2.Search for Hair Vendors
- The next step is to start searching for hair vendors. Thanks to Google.
you can easily find a list of hundreds of hair vendors. Visiting their websites and social media profiles. if they have, will let you understand how long they have been in business. This might seem time¬consuming but it's the most effective way to find authentic wholesale hair vendors.
Search for terms like "Virgin Hair Vendors." "Mink Brazillian Hair" or "How to Find A Wholesale Hair Vendor" on Google. Searching for these terms should land you up with websites of several whole hair vendors. Make a list of around 10 companies and then examine each company individually to decide which is best.
- Another way is to buy a hair vendors list
If you have an Instagram page. you must have already been bombarded with messages like "Get 100% trusted hair extensions vendor list at $$$."
While this seems tempting, we highly recommend against buying a list of hair vendors unless you have a clear understanding of how each one operates. This is especially true if you are planning to start a wholesale hair business. A list of vendors is only useful if you already have a relationship with them. Otherwise. you risk losing money to someone who isn't reputable.
You can instead, invest the amount in buying hair bundles or samples from a company in the future.
3.Ascertain the Credibility of the Hair Vendor
Once you have found a vendor that seems like a good fit. it's important to check their website and terms of sale. You should know the sale terms the company offers. expected shipping duration. shipping costs. returns. pricing, education support. and so on.
Don't hesitate to call them or send them an email with all your questions. Many vendors have their Whatsapp numbers mentioned on their websites. You can send in queries and wait for them to reply. If you aren't satisfied with the information and details provided by them, look for another vendor.
Remember that you are looking for a supplier. and not making a one-time purchase. You need to ensure that you work only with a trusted wholesale hair vendor.
4.Request Sample Orders from the Wholesale Hair Vendor
Sample order is a great way to get a sense of the hair quality and services a hair vendor offers. Ordering a sample ensures you can first check the quality of hair. before selling it to your customers. If you're satisfied with the sample. place a small order to make sure the sample isn't a bait and switch. We've heard many instances where clients were delivered high-quality hair in sample orders but poor quality hair extensions in the follow-up orders.
If you want to run a successful hair business. you should never want that to happen with you!
Make sure you read the reviews to get an idea about the vendor. Customer reviews are a great way to get an insight into the quality of hair extensions and the service the company offers.
You might notice that certain vendors have been around longer than others. That doesn't mean that they are better than newer ones. It just means that they have had time to build trust with customers.
Don't rush into buying.
Buying a hair product without knowing how it works is like driving off the road without checking your blind spots. Sure. it could seem time-consuming but it will be totally worth it
After you are 100% satisfied with the hair vendor. make the first purchase!
5.Use a Secured Payments System Like PayPal
Using a secured mode of payment is also important to prevent fraud. PayPal is an extremely popular payment system. You can use PayPal to purchase hair from vendors. In fact. most hair suppliers accept PayPal payments. They do so because PayPal provides security and a dispute resolution process.
If a seller doesn't follow through on their end of the deal. then you can file a claim against the seller. This ensures only genuine vendors get listed on PayPal. To make a successful transaction using PayPal. you must first register for a free account Once you have registered. you can start accepting payments. PayPal also offers invoicing features. that let you include shipping costs and taxes in the invoice. This makes using PayPal convenient.
Now You're Ready to Start Your Hair Business?
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We get it, and sometimes you can go blank when speaking with a potential hair vendor. Here is a list of essential questions when talking to your potential vendors.
1. How long has their company been in business? Longevity speaks volumes.
2. Do you offer wholesale discounts? You will have to see how much they’re selling the bundles to you and if you will make a decent profit.
3. What are your preferred payment methods? Make sure they use reputable payment businesses in case there are any issues.
4. What sets you apart from other virgin hair vendors? This will allow them to speak of their assets as a company.
5. Are you available for a Skype or video tour of the facility and products? You may find a vendor in another country and flying across the country is not in your budget. Video calling is the next best option.
6. Are your hair cuticles aligned? This allows for a seamless flow of hair.Is your virgin hair processed in any way? If yes, then the hair is not virgin hair.
7. What is the origin of the hair? This will allow you to know where your hair donors are from.
8. How do you measure the length of your hair? This will help you figure out if it’s the true length or if it's not when offering lengths to your clients.
9. What is the lifespan of your hair when taken care of properly? This will give you an estimate of how long the hair can last.
10. Do you offer maintenance guidelines for the hair? This will help you give your customers instructions for maintenance and care.
11. Do you offer returns, if so, what is the policy? If you do receive a bad batch of hair or have any issues, you do not want to lose out on money due to them not allowing returns or exchanges.Is your price-list changed a lot? There is nothing worse than a constant price increase.
12. Do you have a restocking fee? This is something you may have to budget for.If there is a complaint, how are they handled? This will help you to come up with your policies.
13. Do you offer samples?
14.Do you have export and import fees? If so, do I pay them or do you pay them?
15. Is the shipment insured? Things happen, and packages get lost, stolen, or damaged in transit. Having your shipment insured is a must and figuring out the fees is also essential.
16. Do you offer tags, bundles, boxes, or packaging? Getting everything in-house does help cut costs.
17. Can I use your stock photos for promotional use? This alleviates the need for you to take your photos.
Beginning Your Search
Many new beginners mistake sourcing hair on AliExpress and sites alike; they offer low minimum orders. Unfortunately, there are so many bad vendors they overshadow the few goods.
The key to conducting your research is having a plan and not allowing yourself to be overwhelmed.
Try Google
Search for Wholesale Virgin Hair factory. This method allows you to save a lot of time and money and gives you all the information about the hair suppliers and their platforms.
Pay close attention to the quality of information on the seller's website. If they seem very knowledgeable and have invested time in perfecting their business, it will show that they take the quality of their hair seriously. The best wholesale bundles come from suppliers who know what they are talking about, not just websites with celebrity photos and the bare minimum of information.
Try Social Media
Believe it or not, social media holds a lot of power when connecting you with vendors worldwide. Hair vendors are a hashtag away! Using specific keywords and hashtags will give you many options at your fingertips.
Be sure that they are active and that their photos are also legitimate. Should not trust a hair vendor only with celebrities. This shows you that they are serious about their business and your potential business partners.
Narrowing Down Your Search
So, you've found some hair vendors you're interested in working with. Yay!
Now it is time to weed out the low-quality sellers! You go by doing such by using targeted search terms. Try something industry-specific, like "mink Brazilian hair " for example. You will cut down the search results to professional suppliers who are familiar with industry terms. From there, your job is to contact each supplier and ask questions.
Getting To Know the Vendor
It would help if you trust your hair vendor, feel confident when you place your order, and have to know that they will take care of your concerns. You can learn a lot by how timely, personable, and willing to work with a new, growing business each vendor is pretty quickly after a few emails.
Trust your gut! If you see any red flags like non-responsive sellers, shady websites, or vendors who promise more than what is possible, you should move on to the next vendor on your list. This will save you a lot of trouble down the line!
Try Video Chatting With A Company Overseas
Once you've found a hair vendor you are interested in, the next step is communicating with your potential hair vendor.
It's not easy to visit a virgin hair factory in China or anywhere else that is not local; I know. However, technology has come a long way, and your potential manufacturer should not have any issues with video chatting you so you can see their facility, process, hair, etc.