Last Updated on Mar 12, 2020 by James W
The beauty industry is always expanding, and definitely won’t be going anywhere any time soon. This is because women are always going to want hair, nail, and body treatments, whether it’s for a special occasion or just because. Opening your own salon or day spa could be a lucrative opportunity for you, but it’ll take a lot of hard work and determination. Of course, you’ll need certain qualifications and a big interest in the beauty industry for this to work. Depending on where you’ve opened up and the treatments you offer, you could earn in the region of £50,000 or more. If this is something that interests you, read on to learn more:
Your Options
You have a few different options when it comes to setting up your new beauty establishment.
- Buy a franchise – this gives you a good reputation straight away, and you already have advertising campaigns set up.
- Buy an established salon – you could buy a salon from somebody who doesn’t want to run it anymore or who has been forced into bankruptcy.
- Start your salon from scratch – your last option is starting your salon from scratch. You would do this with your own money, after finding the right premises and location. In some cases, you can even start a salon from home if you have a room that you could convert into a relaxing place to do treatments.
- Go mobile – If you don’t want to have to pay the overheads that many salons pay, you also have the option to go mobile. This allows you to work as much or as little as you like.
Location
Your location is possibly the most important aspect of your salon. You need to consider who you would like to attend your salon, and make sure you’re in prime location for them to come to you. If you’re service is good enough, people may travel for your services.
Prices
The pricing you set will totally depend on your area, treatments, and other salons in the area. You’ll need to do some research and work out the cost of certain treatments again profitability before deciding.
Hair services are the most popular, as people are always going to want their hair cut. Beauty treatments like manicures, pedicures, and massage are also very popular.
Your Duties
As you own the salon, you’ll have many responsibilities. You’ll be managing the salon, talking to suppliers, ordering products, hiring staff (if you don’t want to be the one to perform the treatments), and marketing. If you hire a trustworthy team of staff, then eventually you will be able to spend more time away from the salon while still earning money. This is the perfect situation if you’d like to spend more time with your kids.
You could even consider hiring a salon manager straight away to take on certain duties. Different pieces of equipment will help you to better run the salon and manage appointments, like EPOS systems, for example.
This could be a great opportunity for you to eventually make money in your life while spending time with your children. Good luck!
