Questions on How to Open a Beauty Supply Store
do I drum up business?
This depends where you are at in years in business.
However, you can do this in several ways. First, you
want to ensure that you are prepared to fill the
needs of your customer. The typical customer only
gives a business two chances before never returning.
Direct mail is always a great way to connect with
the customer. Also, create a niche for your
customer. Try to make sure your beauty supply store
business is as close to “one-stop shopping” as
possible. A good referral is a great way to build a
Where do I
You get products from a beauty supply distributor.
This is the person who carries many different
product lines. You can deal with distributors
nationwide. Do a search on the web for the best
beauty supply wholesaler in your area.
should I order?
If you are not familiar with hair products, get with
a stylist in your market. They know what products
their clients prefer and purchase. You can perhaps
setup a focus group and invite 12-15 stylists to
participate and give them a store incentive in
How much does
it cost to start my own beauty supply store?
There is no clearly defined answer to this question.
It highly depends on the size of your location,
market, niche, etc. This information is outlined in
“How to Become a Successful
Beauty Supply Store Owner.”
How can I
raise the money needed to get started opening my own
beauty supply store?
Depending on your financial situation, I would first
urge you to be truthful with yourself before getting
into this business. If you do not manage your
personal finances well, then get a handle on that
before attempting to manage a large sum of money.
The beauty supply store business generates a lot of
cash and it takes discipline and responsibility to
effectively manage the cash flow. However,
developing line of credits is a good start. The
Beauty Supply System gives a list of funding
providers where you won't even need credit or
Do I need
beauty products experience before I open up?
No. However, do research on what the different
products do to be prepared for your customers’
customer is always right" concept go for the beauty
supply store business too?
In many cases it does. However, there are situations
where the one bad apple spoils the bunch. Like in
any business, be leery of shady customers looking
for a handout.
When is the
best season to have the Grand Opening for a beauty
Typically the fall. This is when parents are doing
school shopping for their children and a few months
later is the Holiday Season.
money can I make in the beauty supply store
The smallest boutiques store can generate $200k and
up. Modest sized stores can do much more.
become a beauty supply distributor too?
Do so if you have a good handle on your operations.
Creating multiple streams for your business is
always suggested but don’t do this and allow your
primary operations’ quality to suffer.
When can I
expect to turn a profit?
This is another question that has no clear formula.
It depends on the investment, market, your niche and
products. A store can turn a profit in as little as
4-6 months and others may take 1-1.5 years.
Beauty Supply System offer information on where to
receive start-up funding for a beauty supply store
Yes. If I have no collateral and bad credit, will
someone still invest in me? We have searched for
investors who are looking to invest in businesses.
Many of them do not care about credit or collateral.
They focus on your capacity to turn a profit!