As a salon owner, you have the unique opportunity to offer your clients not just top-notch services, but also high-quality products that they can use at home to maintain their hair. Developing your hair product line can be a rewarding way to expand your business and create an additional revenue stream. However, it's important to proceed with caution and a strategic plan in place. With so many established brands on the market, it can be challenging to stand out and gain a loyal following. Additionally, a poorly executed product line could harm your reputation and leave your clients disappointed.
Fortunately, Booksy is here to help. In this blog post, we'll walk you through the steps of launching your hair product line, from developing a unique brand to identifying your target audience and finding the right supplier. With our expert guidance, you can confidently create a successful product line that complements your salon business and delights your clients. So, let's dive in!
Running a successful salon business is tough enough. But introducing a hair product line is even more challenging. That’s why it’s important to do the groundwork i.e know the pros and cons of launching a product line as the first and foremost step.
The pros and cons listed below will help you identify if investing in one is worthy enough.
Seems like something you’d want to do? Let’s look at the next steps.
Since you will be managing two projects – a salon and a hair product line – you will need to be deliberate and strategic about it. Take the time to learn how other brands have done it. In this section, we’ll look at the steps you need to take to get started.
First, you’ll need to look at the costs you will incur. This will depend on some factors. Here are some things you will have to budget for as you market a hair product line:
How are you going to fund your new project? You could secure a loan from a bank, find an investor who believes in your product, ask friends and family for help, or go to Kickstarter for initial funding. You will need a compelling business model to get people to invest in your product, so a good unique selling proposition (USP) is very important. In other words, what makes your line different from all the other hair care products out there?
Knowing which products you’ll sell is the next step. It might be tempting to say “everything!”, but we recommend starting small. Focus on just a few products that are highly in demand. Once the profits start rolling in, you can gradually expand your business.
The first step is knowing your target demographic. Different kinds of people have different kinds of hair, and you cannot appeal to everyone. You could start by observing the people who come into your salon. What treatments are they asking for most often? What demographic groups do they fall into?
You might wish to create a product line that will be useful to people with a specific kind of hair, such as curly, thin, or straight hair. You might choose to cater to a particular demographic, such as older women or college students on a budget. When you understand your target market, you can work out the kinds of products that would appeal to them.
Some companies produce their hair products using their equipment. However, this takes a lot of capital for equipment and research and development costs. It also requires a lot of specialist scientific knowledge that most people don’t have (or the budget to hire those who do!).
For a small business like yours, it’s best to work with a supplier. This means that you partner with a manufacturer, give them your specifications, and they’ll produce the products for you. Your name and branding will be on the products. This is sometimes called a private label.
Many suppliers require you to order a certain amount of product upfront. If you find that the product doesn’t live up to your expectations, you might end up with a surplus of inventory that you won’t ever sell. Therefore, do your research. Ask around for supplier referrals. The hair salon industry is a tightly-knit one, especially for small, independent salons, and fellow salon owners will be happy to share the suppliers they love. So don’t be afraid to ask someone who’s been in the business longer!
You can also read online reviews, and ask for sample products before you make a decision.
Before you start marketing your products to paying clients, you’ll need to test them first. While some hair product brands spend thousands of dollars on testing, you don’t need to do that.
When you receive your sample products from your supplier, check whether they pass the sight and scent test. If something looks and smells different from what you expected, you might need to have a word with the supplier. If everything seems fine, it’s time to start testing!
Before you test it on other people, try it out yourself. After all, you wouldn’t sell something you wouldn’t use, right? If it leaves your hair dry or your scalp itchy, or it doesn’t lather and rinse very well, you might need your supplier to reformulate the product.
If it passes your quality control, it’s time to start asking your team members and loyal clients to try it out and give you their feedback.
Make sure you test your product on different kinds of hair to see if they have the desired effect for your target audience. Once you and your clients are satisfied with the performance of your product, it’s time to bring it to the market!
A huge part of starting your hair product line is learning how to promote it. Many of your sales will likely come from online clients. You will need to pick the right brand name, build your website, choose your domain name, and do SEO on your site to make it easily searchable—something that you’ve most likely been doing for your hair salon business too.
First, you need to think of a catchy name for your hair product line. If you’ve already given your salon a name, you could use that. Otherwise, here are some pointers to help you:
Make a shortlist of possible names, and do some market research to see what your prospective clients think. Once you’ve chosen a name, grab the domain name straight away. Register the handles on social media sites like Facebook, Instagram, and YouTube, too.
You can also list your products on your Booksy profile as well, so customers can see and add them to their service once they are done with their appointment. This feature can help increase your product sales and create an easier experience for your clients.
Additionally, you can build an e-commerce website using Shopify or an alternative platform. However, if you choose to use WooCommerce instead, you’ll need to have a WordPress website. For that, you’ll need to get WordPress hosting from a reliable hosting provider and then install WooCommerce on it. You will also need images of your product packaging, marketing copy for your product pages, and a short introduction to your salon and hair product line. In fact, with a recent boom in e-commerce social selling has become key too. Test out platforms like Facebook Shops or sell via Instagram Shops.
You might also wish to create a newsletter where subscribers can receive hair care tips, special offers, and the latest updates from your business. Use a landing page builder to create a great-looking landing page where website visitors can subscribe to your newsletter.
Finally, you’ll need to work on the SEO for your e-commerce website. SEO is a long game and cannot be accomplished overnight. Here are a few tips to help you get started:
Pro tip: people love to support local businesses. When you choose your keywords and start writing SEO-optimized content for your site, don’t forget to target local keywords. client reviews are also hugely helpful for local SEO.
One of the most critical tasks you have to do as you start your hair product line is deciding how much your products will cost. Both overpricing and underpricing your product could have serious negative effects on your business.
If you overprice your product, your clients may not see it as good value. On the other hand, charging too little might lead to clients viewing it as cheap and therefore of lower quality. Both options can be damaging to your reputation and bottom line.
When you price your products, you need to understand your target clients. You’ll need to know their age, buying habits, location, and price sensitivity. An affluent middle-aged person is likely to be willing to spend more on hair care than a college student.
You will also need to identify the costs you incur as you produce and market your product, ensuring you keep a healthy profit margin.
You also need to understand your revenue goals by calculating your break-even cost and estimated sales for the first few months. These factors together will help you identify your pricing sweet spot.
You can see if your pricing is competitive by comparing your product line with your competitors’ similar products. How much do they charge? If your price point is very different, you might need to reassess.
Your salon clients make the best target market for your hair product line since you already know what they want and look for in their hair care. If you already own a salon, your stylists will play a crucial role in educating your clients about your products and their benefits. For example, they can use your shampoo to wash clients’ hair, allowing the client to see how high quality it is.
Your professional stylists are well-positioned to promote your brand because they know their clients’ needs intimately. They will be able to make customized recommendations, leading to loyal clients who keep coming back again and again.
Along with nurturing relationships with your salon clients, you can also build a community online. The simplest way of building an online community is creating an exclusive Facebook group. You can post hair care tips, encourage discussions between members, feature some of your most loyal clients looking stunning after visiting your salon, and run surveys and market research to inform future product launches and marketing campaigns.
As your clients get to know more about their hair and what it needs to stay healthy, you have the opportunity to introduce more products and build your influence in the market.
Starting a hair product line along with your salon allows you to expand your business beyond the local market and gives you an additional source of revenue.
When you run both a salon and a hair product line, you need to make sure you can dedicate sufficient time and energy to both (or else hire someone to help you). While a hair product line is an exciting opportunity, you will need to ensure it is financially viable and that you have a strong USP. You will also need to find the right supplier for your products, assuming you don’t intend to physically make them in-house.
Before launching your product line, it's essential to have a strong understanding of your target audience and competition. This will help you design, promote, and price your products accordingly. To effectively promote your hair product line, you can leverage your salon as a primary tool by educating your stylists on how the products can meet your clients' hair care needs. And with the Booksy app, you can take things to the next level by listing your products on your Booksy profile. This allows your customers to easily see and add your products to their service once they're done with their appointment.
So, start expanding your business with confidence, but make sure you have a strong USP and a viable financial plan for your product line.
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