The Most Popular Extension Builder for Magento 2

With a big catalog of 224+ extensions for your online store

Is selling hair online on Magento 2 a good business idea?

Table of Contents

Do you want to start your own online business but are unsure of what to sell? It is a sign. The hair industry is booming as hair extensions are one of the most well-liked accessories. “Is selling hair online a good business idea?” must be a typical question asked a lot.

Therefore, in this post, we will provide you with a series of vital information related to selling hair in a platform called Magento 2 along with the answer to the question “Is selling hair online a good business idea?”. We are certain that you may learn a lot about how to launch a hair business.

Let’s dive deeper right now!

Is selling hair online a good business idea?

Thanks to a number of advantages, selling hair online might be a good business concept. The market for wigs and hair extensions in particular has been continuously expanding over time. If you wonder about its benefits, let’s read!

  • Growing demand: Over the years, demand for wigs, extensions, and other hair accessories has been rising significantly. For a variety of reasons, including fashion, beauty, health, and cultural or religious rituals, people wear wigs and hair extensions. A market opportunity is created by this expanding demand for which entrepreneurs can seize.
  • Broad customer reach: By selling hair online, you can reach customers outside of your own neighborhood. You can sell to customers from various countries and cultures because of eCommerce’s access to a worldwide customer base. The internet offers a platform for you to advertise your goods and draw in clients from all over the world.
  • Low startup cost: Comparing creating a physical store to starting an online hair business, the initial expenses are often smaller. Additionally, there are internet tools and platforms that may be used to build a website that looks professional or sell on reputable online marketplaces. For example, Black Hair 101 with a low expense succeeds in attracting a lot of loyal customers and has a high profit annually.
  • Scalability: The potential for growth of an internet business. You may increase sales, reach new markets, and broaden your product line as your company expands without investing heavily in physical infrastructure. To streamline processes and expand your consumer base, you can also use automation tools and digital marketing methods.

is selling hair worth it?

Why you should sell hair on Magento 2

To fulfill the requirements of small businesses, mid-sized enterprises, and major corporations, Magento 2 offers a broad range of functionality, customization possibilities, and scalability.

Let’s discover the reasons why you should sell hair on Magento 2:

  • Robust and scalable platform: Magento 2 is renowned for its scalability and versatility. It is appropriate for businesses with vast hair product offerings and growth potential. Magento 2 has the infrastructure to accommodate your growing needs as your organization grows.
  • Ability to custom: Magento 2’s numerous customisation options let you customize your online store to fit your brand and your particular business needs. You may design a distinctive, eye-catching website that complements your brand identity and offers a great user experience.
  • SEO-friendly architecture: Magento 2 offers features and tools to improve your website’s presence in search engine results. It provides adjustable choices for URLs, meta tags, sitemaps, and other SEO components that can raise your search engine ranks and increase organic visitors to your online store.
  • Modern marketing and advertising tools: To encourage purchases and foster consumer loyalty, you might employ discounts, coupons, and loyalty programs.
  • Community and support: Magento has a sizable and vibrant developer and user community that actively supports and contributes to its development. To find solutions to your problems, you can make use of community resources, forums, and documentation.

selling-hair-on-magento-2

How to start a hair business online with Magento 2?

An exciting endeavor is launching an online hair business. But do you have any ideas of how to start a hair business online?

To get you started, let’s follow these steps:

Step 1: Market research

Before starting your hair business, do extensive market research to learn about the trends in the industry, your target market, your competitors, and your pricing tactics. Determine your unique selling proposition (USP) to set yourself apart from the competition.

Step 2: Creating a business plan

Before doing business, you should create a thorough business plan that includes your objectives, target market, marketing plans, financial forecasts, and operational information. This strategy will act as the direction for your hair business.

Step 3: Source reliable suppliers

Develop business relationships with reputable hair suppliers that provide high-quality goods. Make sure they are able to provide the hair extensions or other hair goods you intend to sell on a regular basis. When choosing suppliers, take into account elements like cost, level of quality, shipping alternatives, and customer support. Moreover, you also need to check references and conduct a comprehensive background investigation.

Remember to evaluate their costs, return policies, delivery choices, and customer support. Think about things like warranties, exchange possibilities, and customer support accessibility.

One of the sources of hair extensions we trust the most is from Vietnam, namely Jen Hair Vietnam. It may generally satisfy your needs for a variety of hair extensions, including length, style, and color.

Step 4: Determining the type of hair extensions

Recognize the various kinds of hair extensions that are offered, including clip-in, tape-in, sew-in, fusion, or micro-link extensions. The technique of application and degree of durability vary depending on the type. Choosing the best hair products requires taking into account various aspects, including hair type, particular needs or concerns, preferred ingredient identities, and personal preferences.

Finding the ideal set of hair products to suit your unique requirements and tastes may take some time. To locate the items that assist you in achieving healthy and lovely locks, be patient, open to experimentation, and attentive to your hair’s input.

In case you can not find high quality hair extensions products, why don’t you try Vietnamese hair extensions.This type of hair come from Vietnamese women is appreciated as the highest-quality hair extension in the world.

Step 5: Building an online hair store with Magento 2

Create an eCommerce website by Magento 2 to exhibit your hair goods and enable online sales. Configure your store settings, including the domain name, currency, language, and tax settings. You don’t need to worry about how to do these because Magento 2 is setup to do for you.

Then, create a visually appealing website that represents your business. Thanks to Magento 2, your brand’s identity can be reflected properly through a series of unique themes. However, make sure the website you design has a friendly search engine and is responsive to mobile devices.

Step 6: Stock inventory

Based on your supplier agreements and market analysis, buy your initial supply of hair extensions or other hair items. To accommodate a range of consumer preferences, make sure you offer a selection of hair kinds, lengths, colors, and styles.

Step 7: Professional product photography

To accurately represent your hair products, make an investment in professional product photography. High-quality images will draw clients and increase their faith in your company. Include a variety of photographs taken from various perspectives and give thorough product descriptions.

Step 8: Establishing secure payment options

To facilitate quick and secure transactions, install secure payment gateways on your website. Credit card processors, PayPal, and Stripe are a few common choices. Make sure SSL certificates and encryption are used to protect the sensitive data of your consumers.

Step 9: Implementing marketing strategies

Create a thorough marketing strategy to advertise your hair salon online. To reach your target audience, make use of social media channels, influencer partnerships, content marketing, SEO, and paid advertising. Create a devoted community by engaging with potential customers through fascinating content.

Step 10: Providing exceptional customer service

Put your energy into providing excellent customer service to foster a great reputation and promote repeat business. Quickly respond to questions, deal with client issues, and provide hassle-free refunds or exchanges. To increase credibility and trust, promote client testimonials and reviews.

find-reliable-dropshipping-suppliers

FAQs

1. How much does it cost to start a hair business?

Several variables, such as the size of your company, the kinds of items you sell, and the style of business you choose, might affect the cost of beginning a hair business. Here are some typical costs to think about:

  • Product inventory
  • Website
  • Marketing and advertising
  • Business licensing and legal requirements
  • Business operation
  • Shipping and fulfillment
  • Accounting and bookkeeping
  • Contingency funds

It’s difficult to give a precise price because it fluctuates greatly depending on the situation. You can establish the general sum required to launch your hair business by carrying out in-depth market research, creating a complete business strategy, and evaluating your specific expenses.

2. How much money can I make selling hair?

Retail hair can range in price from $150 USD to $300 USD on average. You will generate gross sales of between $54,750 USD and $109,500 per year if you only make one transaction each day. Hair retail generally has a profit margin of 50% to 100%. Therefore, after deducting the cost of purchasing the hair, your net profit will range from $27,375 USD to $54,750 USD.

Final thoughts

In conclusion, the demand for hair products, including extensions, wigs, and hair care, continues to grow. This indicates a market with potential opportunities for entrepreneurs in the hair industry. Therefore, the answer is yes if anyone asks you “Is selling hair online a good business idea?”

We believe that selling hair online on Magento 2 can be a good business concept with the potential for success if done with the appropriate mindset, commitment, and emphasis on providing excellent items and exceptional client experiences.

Website Support
& Maintenance Services

Make sure your store is not only in good shape but also thriving with a professional team yet at an affordable price.

Get Started
mageplaza services
x
    Subscribe

    Stay in the know

    Get special offers on the latest news from Mageplaza.

    Earn $10 in reward now!

    Earn $10 in reward now!

    comment
    iphone
    go up