How to Stay in Business

How to Stay in Business

Jul 17, 2015 | Get Help

If you decide to start your own business, you have to make sure the valuable information (clients, suppliers, products and your bookkeeping) is available at any time you want.

Make sure you have one dedicated business computer, do not mix business and private use on the same device.At least one dedicated computer that allows you to swiftly connect to the internet, to upload pictures and

An external hard disk or backup storage facility to store a backup of your business data. With this facility you will not be directly out of business if your computer or tablet crashes (bad things happens!).

Make sure on a regular basis you schedule a backup of the files from your computer to the external disk or online storage facility. If you always keep two copies of your data the most recent version and the previous version as backup you should be protected in the most safest way.

Also do not forget to keep record of your clients or potential clients, on a piece of paper or by having a backup of the contact list of your smartphone. So if the phone will get lost, you will not lose the most important asset of your business, your clients!

What to consider when buying from an online hair supplier

Start Now Selling Hair Extensions

How to purchase

How to purchase

Jul 17, 2015 | Get Help

Once you selected the hair extensions you want to sell you need to ensure to find a reliable hair extensions wholesaler. If possible it´s better to select more than one wholesale hair extensions supplier to make sure your business is not depending on one company.

You can search for a hair extensions wholesaler with presence near your location, this allows you to try and feel the hair extensions before you buy in larger quantities and it will help you to get a good commercial relation with the hair extensions wholesaler. This relation will avoid unpleasant surprises and might work in your benefit to obtain better prices or the latest products.
If you select a hair extensions wholesaler online, make sure you understand what is and what is not included in the price, try to receive a sample first and test the sample well before buying in larger quantities. But also try to find other people who bought previously from the company and check (via internet) the location the hair extensions wholesaler is located.
Check before you buy, if any sales tax or value added tax is due once you import hair extensions, if you can’t transfer these taxes to your clients, your profit margin will be impacted in a negative way.

Once you receive the hair extensions, always check them very well, weigh or count them and check if everything is in line with the order given to the hair extensions wholesaler. If something is wrong, you should contact immediately the wholesaler by phone and writing. Do not wait a couple of days. If possible only use a payment method that will allow you to cancel a transfer in case of fraud. But in case of fraud ensure you have enough written evidence to proof the abuse of your trust.

What to consider when buying from an online hair supplier

Start Now Selling Hair Extensions

How to keep your stock of hair

How to keep your stock of hair

Jul 17, 2015 | Find Hair, Get Help, Launch Your Web Store, Prepare for the Launch, Sell Online

How to Stock Your Hair Supply?

Selling hair also involves managing the stock of hair and beauty supplies. A good management of your stock, saves money, time and brings you happy clients.

What to do to keep the hair in stock?

When you manage your stock, you will know the various products you have in store. You can see the hair your clients like and when in the year they have demand for certain hair. This is the management of the assortment.

Organize the hair with clear labels. This will reduce the time to prepare the order and to be sure you can ship the right hair without thinking too much. You do not want your client to receive the wrong hair?

If your business is growing, you need to have a good system to help your staff to pick the right hair. This also avoids you will run out of stock.

Stock the hair to protect your assets

All your savings have gone into that nice stock of hair supplies and beauty products. You must make sure your hair will stay in the best health after you received the hair from the supplier. Keep the hair safe till the day you ship the hair to your client.

Find a dry and clean place to store your stock and if possible, don´t store the hair extensions in the full sunlight. Keep all products in a cupboard, that will keep away daylight. This is the best way to avoid the packaging or products will fade thanks to the sunlight. People might think your products are outdated and you will not be able to sell the hair anymore.

Manage your inventory

Label the hair extensions so later you will be able to distinguish the various types, lengths and colours without any hesitation. This will also help you to keep a good inventory of the hair. A list on paper or in your phone with all the products you sell, the specifications and the price.

Avoid having to measure the right length in front of your client, natural hair extensions do not come in one exact size only. Label your hair stock, and you will be able to see right away which hair extensions are running out of stock. Now you can order in time from the wholesaler.

If you sell hair with Shopify or WooCommerce, I recommend using the back end of the platform to manage your stock.

Bookkeeping

You are in this business to earn some money. A good overview of the stock of hair, you can calculate the profit of the previous month or quarter. You will know exactly how much you sold and at what price.

This list will also help to see what hair is selling slow. Now you can create a smart campaign to sell the right hair at the right price.

How do you stock your hair?

Would you like help to manage the hair you keep? Leave a comment and I will help you.

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How to deliver

Jul 17, 2015 | Get Help

The hair extensions can be shipped by regular mail or by using a courier firm. Regular mail is cheaper on short distance, but make sure you sent by registered post. Although this is more expensive, it will ensure you the hair extensions will arrive at your client address and if something goes wrong you will be able to investigate where it went wrong.

If you sell abroad, in most cases shipment by courier is much faster. You should be able to get discount on your shipments, in most cases depending on the estimated number of shipments you can get a discount on the regular price.


Check if you ship to other countries, especially when these countries are located outside your economic zone what the customs regulation is. If on entrance a fee is applicable, make sure you and the client have agreed upfront who will pay these fees.

As bad things happen, it is possible your shipment will not arrive the final destination, for example when there is a misunderstanding on the address, or your client is not always at home. For these cases make sure the phone number of your client is visible on the parcel. In this case the local mail or courier can more easier contact your client to ensure proper delivery.

How much Stock do you need to keep

Jul 17, 2015 | Get Help

What is the level of inventory I should keep

A returning question on our email consult is what is the level of inventory I should keep? Of course you do not want to put all your money in your stock. No problem if you have a high turnover rate (for example what you purchased yesterday is sold today) but it can kill your business and passion, if your money is piled up in beautiful hair extensions, but nobody is buying. You do not want to feel like Scrooge McDuck in a warehouse full of hair, do you?

How to calculate your minimum level of stock

To calculate how much inventory you need, you have to analyze a couple of things. First of all how are the delivery conditions of your supplier? In case they offer next day delivery, you can afford to keep a low inventory. But do they always have all the required textures or inches available? If this is not the case you could decide to find a second supplier or to keep extra inventory for these specific extensions.

If your supplier needs more days or even weeks before they deliver, you need to have some stock in the house in case your clients want to purchase the hair. But how much? For this you need to develop a crystal ball over time, you need to predict future orders! Easier said than done? Not easy but it can be done!

How to predict future orders

There are three things you need to develop to have the right insight to predict the level of inventory needed.

First of all, make sure you stay in contact with your clients, in your shop but also through social media. Activate discussions and analyze how they respond on the postings with new pictures of hair. Organize events and make sure at the end of the event you know what they are looking for and might be interested to buy a next time.
Next to this keep good track of your sales, this will help you to discover the most popular items for your clients, okay it is looking backwards, so not really a crystal ball, but it will tell you which items in origin, texture or lengths are the most popular ones.
Finally use analytical tools like Google Analytics or Facebook to analyze the visits to your website, what items attracts the attention of your visitors, how much time do they spend on checking the different hair you are offering. And why don´t you start to write a blog or some postings about a specific type of extensions and see how the people will respond. Do they like it and comment a lot, it does not mean they will actually buy it, but it gives you insight in what item is more popular or could become more popular.

Keep your focus

And do you really need to sell everything that is available on the hair extensions market? If you focus on some specific extensions you can become the expert and distinguish yourself from the others even from big shops that do sell everything. This will also reduce the items you need to keep in stock. See also our post on the right number of extensions to keep at hand.