Keynote about how to start an online hair extension business

The hair extension industry is making strong strides in the global economy. Therefore, there are many people looking to start from how to start an online hair extension business. So what are the benefits of an online hair business and how to create an online hair business. This article will provide you with all the above information.

An overview about how to start an online hair extension business

Hair extensions are a beauty product for both women and men of all ages. Because of that, many people choose to start a business by learning how to start an online hair extension business.

The potential of the hair extension industry

Global people’s demand for hair extensions is very high, because their beauty needs are also high. For hair extensions, the African market is the biggest consumer. So there are a lot of people looking for how to start an online hair extension business in Africa, especially in Nigeria.

• Hair extensions business is the industry that helps us get rich fastest because the demand for hair extensions is very high, especially Nigerians. Because of the nature of Nigerian hair, it is easy to break, fall, and fibrous. And many women take all day to change the hairstyle they want at the salon. That takes a lot of time. So most of the hair extension shops in Nigeria are numerous, and spring up like mushrooms after the rain.

• Therefore, learning how to start hair extensions business in Nigeria is necessary now. In addition, areas such as England, America, Spain, … also have a lot of demand for hair extensions. Women in this area also have a high demand for hair extensions, so it is urgent to establish a hair extension business in these areas as soon as possible.
• Moreover, learning how to start an online hair extension business also helps you expand the market to sell more. When you open a shop, you will only be able to sell to people in the area. Also for an online business, you will have the opportunity to reach many buyers around the globe. That will make you more profitable and increase your popularity abroad.
• In addition, the hair extension business is never afraid of capital loss. Because hair extensions themselves have many benefits, so without advertising, you can still attract customers to buy. However, you need to reinforce the quality of your hair extensions to stand out from the competition. That’s why you should learn more about how to start an online hair extension business.

Finding information about how to start an online hair extension business is essential right now. Because the hair extension industry has never cooled down, and you will own a lot of wealth if you own a hair extension business. Continue reading this article for additional information for your online hair extensions business.

The expense of how to start an online hair extension business

Many people will surely think that starting a business will cost a lot of money. However, finding out and actually starting an online hair extension business is not as expensive as you might imagine.

• The most necessary thing is to gather information about how to start an online hair extension business. And this doesn’t cost you anything, either, because a lot of the resources online are free. This article itself was written to share information for you completely free.
• The second thing, because you don’t need to display products on shelves like traditional hair shops, you can be proactive about the amount of import hair. You can enter a small amount when you first learn how to start an online hair extension business. That also saves you quite a bit of money.

• Next, you don’t need to worry about labor. For starting an online hair extension business, it only takes you and 1-2 more people to help you pack, receive orders or order from hair distributors. You won’t need to worry much about hiring a shopkeeper, and this saves you extra money on how to start an online hair extension business.
• Finally, the cost of renting space is very high. However, when you run an online hair extension business, you won’t need to worry about where the store should be, or something like that.

Basically, how to start an online hair extension business won’t be too expensive if you can find an affordable and quality source of hair extensions. Currently, Vietnam is one of the leading exporters of hair extensions in the world because of its high quality and reasonable imitation.

Differences between a traditional hair extensions business and an online hair extensions business

To give you a better overview of how to start an online hair extension business is different from the traditional hair extensions business, below is a comparison table of these two business types.

	Online hair extension business	Traditional shop hair extension business
Form of purchase and sale	Online through Website Purchase by some payment gateway	Buy in person Cash or card
Quantity of imported hair extensions for sale	Depends on customer’s order	Must import in bulk to display and sell
Employees for the store	2-3 people	At least 3 people
Space costs	Almost none	High price
Costs incurred	Run ads, maintain website (if you open your own website)	Advertising, staffing costs, store cleaning costs, inventory maintenance costs, and so on

From there, it is easy to see, if you just want to experience the business, or you have low financial resources, then learning how to start an online hair extension business is very suitable for you. It will minimize the loss and risk of your money. However, opening a premises to sell hair extensions is not too difficult. Especially when you research how to start hair extensions business in Nigeria, you will find that hair extensions will bring you billions of dollars in orders.

How to start an online hair extension business

To be able to easily run an online hair extension business, you need to have for yourself the necessary skills below.

Background knowledge about how to start an online hair extension business

To be simple to implement, you must first understand the basic knowledge. Here, you need to know the basics of the hair extensions market.

• Knowing a lot about hair extensions will help you grasp the current hot trends in the hair market, from which there are plans to import the amount of hair for sale.

• Since you are only a beginner if you learn how to start an online hair extension business, knowing about hair is very important. It will help buyers trust you more, and they will not perceive you as scam hair vendors. Because only people who do not know well about the products they sell, are almost all scammers.
• Knowing the needs of each customer is also a way to help you quickly integrate and get used to the online hair extension business.

Know the pros and cons of online and offline hair extensions business

Each form of business has advantages and disadvantages. To choose the right business form for you, you should learn the benefits and harms in advance, so that you can anticipate all situations that will occur.

	Online store (pre-order)	Offline store (On stock)
Pros	Determine the amount of goods to be imported. Because the quantity is not much, it is easy to control the quality of goods. Improve the in-flow of cash for maintain your hair extensions business Catch up with the trending hair extensions trend	Goods are always available, whatever type customers ask are available in stock. Hair extensions reach customers faster, or customers can buy directly and experience the product before buying
Cons	Shipping fee and discount are not much due to small quantity If you buy in bulk, you have to wait for a lot of customers to order, and the waiting time is long.	Needing to enter a lot of quantity will sometimes lead to inventory situation When starting out, it is necessary to spend a lot of money on importing display goods and stocking in the warehouse Items that are sometimes imported too much and can’t be sold in time will go out of fashion and can’t be resold.

Read carefully the pros and cons of both pre-order and on-stock options. That will help you build on your strengths, and have plans to overcome your weaknesses when learning how to start an online hair extensions business.

Prepare a budget for how to start an online hair extension business

Funding is certainly very important. However, you do not need to worry too much because the cost of how to start an online hair extension business is really not too expensive.

• You need to prepare 2 funds. The first is the money to import hair extensions, and the second is the money to take care of the extra costs (wrapping paper, assistance). You can put the warehouse in your own home, or rent a small place to store goods. However, when you first start an online hair extensions business, you won’t need to import too many hair extensions. Therefore, renting warehouse costs is also not necessary.

• There are some people who decide to set up a website for their store and sell through it. However, since we are just starting out, we should start from the smallest steps. That is posting sales articles on the social network you are using. This is completely free compared to buying a website, and minimizes the risk of encountering. This is the most ingenious way for a newbie when they find information about how to start an online hair extension business.

• Selling online can help us save maximum advertising costs. Because when you post a sale on social networks, your friends and acquaintances will know that you sell hair extensions. And they will recommend it to their other acquaintances for free. A classic but still highly effective marketing formula for those who are learning how to start an online hair extension business.

Promote a marketing plan in others social for how to start an online hair extension business

Basically, when you’re new to selling online, a no-cost marketing strategy will work best for you. The effect is not equal to paid advertising, but it will also bring potential customer data to you.

• Why should you choose a free form of marketing? Because you only know how to start an online hair extension business, you don’t have too much experience. You should start with the least financial risk to lay the foundation for your future business.

• Set up social media accounts to facilitate posting your ads. Facebook, Instagram, Twitter are potential platforms for you to find valued customers for your online hair extension business.

• Join groups related to hair extensions, both for you to learn more experiences from those who have gone before, and to find customers through those groups.
• An even simpler way is that you can ask your friends and family to share your sales articles. Although the effect is not high, at least your reputation is known to others.
• The key to a $0 marketing strategy is that you need to be known to as many people as possible. You need to seed more for your sales articles, although it takes a bit of time, but ensures that customers will come to you regularly. Take advantage of relationships, ask them to leave positive comments.

It is a low budget marketing campaign that I think is really suitable for those who are new to learning about how to start an online hair extension business. A campaign that saves maximum costs, minimizes risk of property, and will bring you a steady stream of customers.

Find a trushful hair factory

This will be the decisive step for you to succeed in how to start an online hair extension business. In particular, the quality of hair extensions will create a reputation for you so that you can grow further.

• Currently in the world there are many famous hair factories. However, you need to know, the nature of hair extensions varies from country to country. Nowadays, Vietnamese hair extensions are being chosen by the majority of startups. Because the price of Vietnamese hair extensions are not too expensive, the quality is still very good. Vietnamese hair extensions are trusted and used by most people in Africa.

• Since you’re just learning how to start an online hair extension business, you need to minimize the hassle of having to deal with hair factories. You should know some methods to avoid encountering scam factories such as:
  • They don’t know the origin of their extensions
  • The discount is too large. The more the discount, the more questionable the quality of the hair will be. Business needs to be profitable, if that hair factory offers a great discount for you, then you should consider and be on guard.
  • Video call directly to the hair vendor. This will give you a closer look at the hair, and avoid loss of wealth after the transaction has been completed.
• Finding a hair factory worth sticking with and being loyal to from the very beginning of how to start an online hair extension business is really not too difficult. Hair factories in Vietnam are really the right choice for you when starting an online hair extension business.

In general, you should look for hair factories in Vietnam to guarantee both the price and the quality of the hair. As mentioned above, the quality of the hair from the factory is the deciding factor for the reputation of your shop, so be careful when choosing a trusted factory.

5S Hair factory – a renowned hair factory help you know how to start an online hair extension business

Having experience in manufacturing hair extensions for many years, 5S Hair factory gives users the best experience of their hair extensions.

There are many people who are just starting out in the hair extension business, and they consider themselves lucky to have chosen 5S Hair factory as their hair supplier. Because hair extensions products of 5S Hair factory are always carefully selected. Besides, the price is extremely affordable and the quality of the hair extensions is top-notch.

This is really a hair extension factory that you should trust when you first learn how to start an online hair extension business. Because it saves you time and money, and they enthusiastically advice and support you 24/7 with any problem related to hair extensions.

During the upcoming Christmas, 5S Hair has a discount program for customers who buy hair in bulk. In addition, they also give extremely cute gifts. To prepare for your upcoming online hair extension business, do not hesitate to contact us via Whatsapp for specific advice: +84855555754 (Ms. Lily)