Advice on start up
Question: Good evening , i really enjoyed reading your ebook on selling hair extensions it was very informative and insightful .I want to start selling hair extensions online i have been approved for a business loan to start up my business . i wanted to know if 5000 pounds would be enough to start how many bundles of hair would you start off buying ? would be grateful for advice
Answer: Thanks you for your kind words, very happy to read the eBook helped you in getting started. And I am very happy you´ve got a business loan approved. The inventory you should have in house depends on your turnover and the day´s to delivery you promised your clients. But especially in the start phase of your business it´s difficult to estimate the type of hair your clients are interested in. There is the risk you have invested in some length or texture your clients are not interested in. I recommend you not to invest too much of your cash in stock. Please read our post on enough hair but at the lowest stock and keep some money aside to do special offers or promotions to grow your client base..