If you love hairdressing, making people feel better and can thrive in a paced environment then hair stylist studio business idea is suitable for you. Get the benefits of this highly lucrative business opportunity and earn thousands of dollars by offering salon services and products.
THE BUSINESS IDEA
If you love hairdressing, making people feel better and can thrive in a paced environment, then hair stylist business is suitable for you. As a hair stylist, you will be offering different hair salon services. Apart from your experience, communication and customer service skills will play an important role.
You can specialize in a single niche or offer different services including, hair cutting, shampooing, blow drying, hair coloring, facial and makeup services, beauty and hair products, and massage services. If you will offer more services, you will get an edge over the competition. Offer makeover services for bridal showers, birthday parties, bachelorette parties and girls’ night out.
Smart and effective marketing approaches will play an essential role in growing your business. Advertisement in local newspaper and radio is a good option. This is a type of business that will require customer retention. So, develop a customer reward system to offer special discounts for regular customers.
Provide further discounts to the clients who refer others to you. An additional benefit of this business idea is that you can become sale representative of a beauty company and sell its products through your salon. This will not only increase your income, but you will also be able to provide a wide range of services.
Hair cutting and grooming is a universal need. You will be fulfilling hair maintenance and styling needs of kids, men and women. Women spend more on hair grooming then men. Thus, you should target female population in your marketing strategy.
- Shop: In popular malls or at a prominent and accessible location in community or town. You will need capable staff, eye-catching décor, and comfortable seating.
- Mobile Salon: To offer hair salon services at hospitals and old-age homes since some of the customers can’t travel to shop because of different illnesses.
In-Home Salon: Home-based hair salon will enable you to allocate a specific portion of home for business. This will save rent expenses. Suitable as home business or part-time idea during COVID-19 pandemic.
- Social Media: You can also use social media platforms to promote your business, such as YouTube marketing and Facebook posts.
The startup cost for hair stylist studio business idea is high. However, you can get a huge profit since this business never stops. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- This business offers satisfaction and flexibility. Hairstylist business requires less time to grow
- Grooming and hair services are universal need so you will be getting customers every day
- You will be receiving cash money as payment of your services
- High startup investment with huge profit potential
Service 1 | Pre-Studies
Start your journey with one of our three Pre-Studies if you are not yet fully sure about your project:
Option1. Project Pre-Study: You have a business idea or consider to import/export a new product, but you need a qualified second opinion? Business Titans checks your business idea or project for you and provides a detailed analysis on the opportunity, its risks, feasibility and profitability.
Option2. Pre-Opening Plan: Do you need to get an overview of the detailed steps to implement your project? Entrepreneurs who wish to have on the operational level a sound overview of the steps they need to take to set up their new venture or product should look also into this option.
Option3. Project Exposé: Do you need a professional presentation to introduce your project to a demanding audience? Successful entrepreneurs understand that the presentation of an idea is as important as the idea itself. The approach Business Titans is applying is to send always an appealing Exposé of the project before sharing further details. Only if there is a vivid interest that you feel among your audience, you should share confidential documents such as Pre-Studies, Business Plans, etc.
Service 2 | Business Planning
Option 1. Business Plan Consulting: You draft the Business Plan with our Guidance, we review and enhance the final version. Business Titans supports you to develop a Business Plan. You draft your own Business Plan with our guidance. A senior member of Business Titans will then finalize your draft with enhancements, research data, adapting the contents and forms according to the expectations of the final recipients, including banks, lending partners, equity partners, landlords, insurers and regulators.
Option 2. Business Plan Outsourcing: In this option, the entire process, including the development of the business model and Business Plan is handled by Business Titans. You will be first interviewed to understand your vision, resources and capacity.The rest will all be done by us and presented to you for the last minor adaptations. This version gets a Business Titans certification to be used for 3 years (as long as there will be no major changes on the Business Plan).
Service 3 | Weekly Coaching
A Business Plan is (and should be) in a constant evolution. The more you get into your business environment, the more you are able to fine-tune it. However, the best Business Plan will not be more than a paper if you do not implement it in a disciplined and consistent way.
- Option 1: Try-Out Session
- Option 2: 2-Weeks Package
- Option 3: 4-Weeks Package
This is why Business Titans has extended its services with a Weekly Coaching dedicated for the step-by-step implementation of the Business Plan that we have developed together.