Published on: January 31 2023 by pipiads
Table of Contents About wigs dropshipping
- The TRUTH About DropShipping Hair Businesses | Pros and Cons
- WHOLESALE/ DROPSHIPPING HAIR
- Which is Better Dropshipping hair VS. Having Hair on Hand? | Pro and Cons in Business
- How To Sell Hair On Shopify (With Dropshipping!)
- Dropshipping Hair Extensions: The Pros & Cons
- How to Start a Hair Business for $100 (Sell Hair Bundles & Wigs with Dropshipping)
The TRUTH About DropShipping Hair Businesses | Pros and Cons
hey, I'm Destiny. welcome back to my YouTube channel, and on this channel we tok about topics such as business, entrepreneurship and side hustles. some of those topics interest you. make sure you go ahead and subscribe to my channel and, as you know, I am a hair business Guru, so a lot of my content is about my hair business. different experiences that I had, and today is no different. so today I'm gonna be toking about my Drop Shipping hair business. we're gonna go over the pros, cons and also what exactly is Drop Shipping. if you don't know, I used to have a hair salon- slash hair extension Boutique- called that sneak hair collection. that I started in 2016.. so during that time, I ran the salon for three years and then after that, I went strictly to online and did a Rebrand and switched everything over to her destination hair, which is your destination for vacation hair. with her destination hair, I switched over from my typical hair business model to to drop ship. so what would happen with Drop Shipping is that a customer will make a purchase online on your website and then the vendor will fulfill the purchase from there, so you have no inventory on hand. typically, what that looks like is once the customer purchased their order, depending on how your vendor works, that my vendor has access to my Shopify store, so I'll let them know. hey, a new order has been placed. they'll go in, fulfill the order and ship it directly to the customer. and, of course, with that method you can probably already tell there's going to be pros and cons. we're going to start with the pros first. the number one pro when it comes to drop shipping is that it frees up your time, so you don't have to worry about packaging any customers orders. so if you go on vacation- so if you're like me, you like to go on vacation- you don't have to worry about getting behind and being stuck with those orders and people contacting you to make sure their orders are shipping out on time. all you have to do: as soon as that order comes through, then you send it to your vendor, let them know, hey, it's the order on the website, make sure y'all fulfill it and then the vendor will send you a tracking number and then you'll send that to the customer. that's it. it sounds very simple, right? another Pro is that if you're an influencer like if you're an influencer like me and you have people constantly asking you: hey, where'd you get your hair from. all you have to do is send them over to the website, so you're putting your link in for your website. they can just order here. like if you have a YouTube channel that gets a lot of high volume or people asking about hair, you're tagging your company on your Facebook and Instagram page. that's another Pro for it, because people can just hop on there anytime, anytime, any day, hop on there, make the order and then it's going to get shipped out by the vendor. super easy, right? another Pro is that you do not have to worry about inventory. so when it comes to drop shipping, whatever your vendor offers, you can have that on the website, especially right now with the hair industry. you can have tapings, if they offer it. you can have wigs- a lot of vendors will make custom wigs for you. so if your vendor offers that service to where you can pick- sometimes people do small, medium, large, depending on the head sizes, and they'll make it very clear in their descriptions what exactly they're getting, which will allow their customer to choose. if they want a frontal at it, if they want a closure at it, they can do HD lace, they can have a 4x4 enclosure, even a 5x5 closure. however, your vendor does, because my vendor is one of those vendors that they do custom wig orders. if you want to have full lace wigs on your website, they pretty much offer everything. even if you want to do custom bonnets, like, they offer everything. when it comes to drop shipping, you don't have to worry about any inventory, because a lot of times, when it comes to our startup costs- one of the number one things we spend money on, especially with Harris- inventory and hair is very expensive, and then you don't have to worry about having a bunch of hair on hand trying to figure out what textures are selling, what lints are selling. you already know that, no matter what your customer orders online, that vendor is going to have it in stok. and you also want to stay in direct communication with your vendor. just in case you need to update your website to know, like: okay, hey, I notiked that this was out of stok, or they can. they need to be whatsapping you nine times out of ten. they're gonna WhatsApp you, let you know: hey, this is in stok, this is out of style. we're going on vacation here, so you need to make sure that you know this information for when you're updating your website, letting people know: hey, it's going to be a delay, so this is just things that you can just write on your website as a quick note. let people know: hey, shipping time is going to increase, so this processing time is going to increase to this. so that way, your customers are fully aware of what's going on. and then, just on your end, you'll just write out different emails, let them know, like, hey, basically you haven't forgot about them. as you stated before, processing times are going to be this, shipping times are going to be that. so it's taking all that financial responsibility out of your hand because you don't have to worry about having it on hand. another Pro that comes with Drop Shipping is that you get the focus on your marketing and your sales. so, instead of worrying about what textures you're gonna have, what links you're gonna get, you're focusing on your branding, marketing and sales. so you're picking out: hey, I want my brand to be known for this. so, starting off, all you have to do is get your hair for your models and, of course, you want to try out the hair. so that's a key thing: you want to make sure you try out the hair from the vendor to make sure that this vendor meets your standard. so you're going to try out the hair and then purchase hair for your model. so you can start worried about your logo, if your your website picture, so then you can get the photo shoots to have your models and then from there you're just going to focus on your marketing and your sales. so that's staying up to date with your Instagram content, your tiktok content and also you want to make sure you have a couple bundles or a couple wigs on hand for yourself so you can produce that content you can show behind the scenes. if you want to get a couple bundles to reproduce the packages so you can show what they can expect when the hair arrives. if you have different hair stylists that you work with that can install the hair, show how the hair behaves, show how it looks when you wash it, best products to use- you can do that as well. so you want to make sure that, when it comes to a Drop Shipping Company, you need to make sure that your marketing and branding is on point, because you're gonna slack in certain areas. now I'm gonna go over to the cons. the number one con is that your branding as far as your packaging, it's not going to be super fancy, like some of the other Instagram hair pages, and what I mean by this is that the vendor can only do so much most of the time with the packaging. what they can do is they can put a bundle wrap, a hang tag and put it in a satin bag and then from there it's gonna go in the FedEx bag. that is is about as much as I see. when it comes to The Branding, you have some vendors who will put it in a box for you, like you can get custom boxes made, but anything else- like as far as like how exactly you want to shipped out in the box- that's gonna go in that FedEx bag and it's gonna be put. it's gonna have a label that's coming from China, so it's gonna have the Chinese writing. sometimes, here and there it might have your company's name on it, but most of the time it's not gonna have your company's name on it. so when your customer receives the package, sometimes it might be a little confused, but as soon as they open it up, they're gonna see your hair, they're gonna see your h.
WHOLESALE/ DROPSHIPPING HAIR
why get a second job when you can start your first business? are you tired of someone else deciding how much you make? and it always been your dream to be your own boss. let's tok about it. hi everyone, my name is Cara Marie and I'm the CEO of Camry Services, which is the online hair company. I want to teach you why- how to start your own hair company. so we just expanded our business and started a wholesale and drop shipping program. basically, what? what? we will be your vendor, aka like a millennial turns your plug. but I wanted to tok to you all about just a few topics today that you made me like a little confused about, because a lot of people was writing is asking the questions. so I just wanted to tok about the pros and cons. I took notes, so that's why I'm looking down, but I took a lot too. but I wanted to tok about the pros and the cons of job shipping versus wholesale. so with wholesale, you'll be buying the hair in bulk and that benefits you, because y'all know us girls- even guys, sometimes were last-minute and they will call you up like, hey, my birthday's tomorrow, do you have such-and-such on hand? and you'll say yes, and then BOOM, you got a cell just like that. now the downfall of that is wholesale is a little bit more pricey at first when you're not working with profit, church is coming straight out of your own pocket. but the benefit of that is that you could get potential sells faster or more, so it's not even faster, but just more cells. then the pros of dropshipping is: you guys know, dogs new york out right now- i mean like right now- and you could be promoting on instagram, squares, snapchat, any social media platform promoting a product that should be selling from us, like the frontal sundaland or whatever. and once they purchase it, then you order from them and you keep the profit and we can either ship it directly through your line or ship it to you, make you ship it to your client. that's what, come on. I mean the pro, but the con is now they have to wait two to five visits of things and if this is the client that's in a rush or doesn't like waiting, she's gonna go to Kiki down the street. then they'll take away. so it. it just all depends on where you are in your life and what you think is best for your business. so that's the first thing I wanted to tok about. the second thing I wanted to tok about was a branding. branding is so important. it because it's like what your client expects from your company, like from our company- all my clients that we were not. quality and good customer service, those are like the two things you always give us, no matter what. so you want to think what is my client gonna think? everything, what it's nothin think, what am I going to expect every time they come to us? for you, you know, I'm trying to say that's not good to think about when you're starting your business. if you don't already have your logo or your name, that's okay. don't don't let that be the reason that it takes so long to start your business. why should you use camera services? that's a great question, because not only will we be here, vendor will kind of be like a mixture for you. you know, like when you go to Chinese vendors or Indian vendors. I don't know if this we will be your first vendor, but if you've ever experienced bending with Chinese people and then you helping you today does me think, say, money, so they can give me the hair in club outfits today. they're very smart and I think with my company, we're literally going to help you be the best that you could possibly be. you can tell you how to market, how to brand yourself. a lot of people don't even know that populates of market there's. oh, I keep having alarms go off while I'm making this video. I don't start it in the video or not, but it keeps saying: make a boat, because always make clothes and it's important that you're posting consistently. but I mean it gets into details, like colors, the words you should use, like all of that. we will teach you or help you, and a lot of members are not doing that. so that's why you should come work with us. let us be your vendor. you gonna help you succeed. girl. it's just six figure, either size, hustle or your sister commitment. you know it. we do provide sample kits and it comes in eight different textures and you can get a minimum of four. some people don't want to sell all eight textures and I don't even always recommend you sell all a textures, because some clients you give them too many options, girl, they don't know what to choose from. but we do have a different textures that we do provide. so with the sample kids, it's like a two inch width of each bundle and the texture and you can dye it, you can straightening. if it's curly, you can do whatever you need to do. success the hair out. and it's important that you do set sail before you work with any vendor, just because you don't want to be giving your clients what you don't wear yourself, like what I have in my hair right now. this is Karen Murray services money, my eyelashes- terrible. new suburban honey. okay, I think I want to touch on it's like the branding aspect. so I wanted to show you all what I have on our bundles. it's just those, Cara Maria, which is my logo, and we do provide hair tags and we also provide satin bag. so if you do need that with your logo on it, we have that, and we do have boxes as well that you can make on your own, but we have the vendor for that. so the need boxes or bags. we have both- well, all three, and the parrot actor too. so, yeah, we're just. we're literally here to set you up for success. well, when I first started my business, I had someone like myself that helped me get through all of this, and without her, I probably wouldn't be where I am today. so I want to be that person for you to be successful in your business. so, after you love watching this video, go ahead and email us or text us and sign up for the hotel program, because why are you waiting? it's time to make some money. says it's time to make some money.
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Which is Better Dropshipping hair VS. Having Hair on Hand? | Pro and Cons in Business
[Music]. hey loves, welcome back to my channel. it's lou. if you're new, welcome to my channel. if you guys like what you see, which i know, you will- please make sure you press the subscribe button that's down below, as well as the bell notifications, so you guys are notified every single time that i post a new video. i really need to find a new intro, because the intro would be so freaking long for no reason. but, um, welcome back to another video. um, this is gonna be another, like i guess you can say like a business tip type of video, as you guys can see by the title. i'm not sure what i'm gonna like, you know titled it yet, but it's probably going to be somewhere along those lines, going to be kind of like a versus type of videos. why choose, um, drop shipping versus having, like you know, hair on hand? again, most of these videos stems from questions that i get from you know, like my subbies that comment down below or just people that um message me through my dms and stuff like that, and i really thought this would be a good video to make. but today i kind of just wanted to tok based just a little bit about, you know, the difference between drop shipping and also the difference between having hair on hand. now, on my kind of in right now, i kind of do both, so, um, but i'm gonna explain to you guys why, if you guys are in like the hair industry, you guys should already know what it means to have, like you know, hair on hand and stuff like that. but i kind of just wanted to go um through them and just tell you guys, like i guess you could say, the pros and the cons of having, like you know, hair, hair on hand or just doing the drop shipping method. now, um, hair on hand, you definitely are going to need some capital to buy that inventory. so, um, depending on how many units or how many wigs or like bundles and stuff like that you're going to start off with, you're going to need, um, you're going to need, you know, like inventory up front, like you're going to need the money to purchase the you know large amount of inventory that you are going to, you know order. so, and the second thing is, um, i already kind of touch base on it- is having a large inventory. now, if you're just starting off, um, i wouldn't say that for you to, like you know, basically go ahead and just order, hella, um, a large amount of, like you know, inventory and stuff like that. to me that's not really smart. i mean, um to each his own. someone can just go out there and like, purchase a large inventory and they go ahead and sell out, like this is very subjective. but me personally, i'm toking about me- um, i personally wouldn't go ahead and, like you know, up front order like a large sum of inventory, because you're going to have a large stomach inventory, you know, just sitting there, especially if you just are, like you know, trying to build out your clientele and stuff like that. so the um. third thing is: you don't know what sizes or lengths and stuff that the customers are, um, looking for. and this is very important because when it does come to having, like you know, hair on hand, you need to buy the inventory and, um, in this case, if you are producing wigs, you're going to need to know what size wigs that you need. and how are you going to be able to predict- or not even predict how you're going to know- a really good, rough estimate of how many of what size for you to get, if you know you don't, if you don't already have, like you know, uh, a consistent clientele that you're able to like, basically like ballpark, okay, i need x amount of small wigs, x amount of medium weights and x amount of, um large wigs, not me. for me, like i said, it's gonna be a little bit different from because i already been in, like you know, the hair, um hair industry type for a little a little while now. so me personally, since i have like a stable type of, like you know, customer base, i kind of like compete what type of, like you know, week size sells the most, which for me is mediums, um, and then it's um smalls and then it's large, but this could very much differ, differ for you, but that's just how. minds is also another thing that i would personally do, if i am like you know, um, if you do want to keep hair on hand, um, start off that way, i would say, go ahead and, you know, ask your customers honestly. whatever it is you're trying to do, just go ahead and um, ask your customers, because they're going to tell you exactly what they are, what they want or what they're looking for. so, um, most of the time i'll probably put a pull on exactly like you know what size wig caps, um, like majority of people are, and then they go ahead and put their votes and then i'll be able to get like a rough estimate of, like you know, um, what size is my, like you know, client base is off and then i'll use that as, like you know, kind of like a chart of how many um waste and what the wig size that i will like personally buy to keep um inventory on hand with, because i know that is going to be the popular amongst my you know um followers and customers and stuff like that. and then, lastly, is you may not want to, you may get into the hair industry excited and stuff like that, and you get into it with a whole bunch of like a large sum of inventory and you decide not to do it anymore. like um, and you'd be amazed on how many times that happened- like a lot of people think like, oh, my god, they see like the final result of you know people that have been you know putting in the work and they see like the flashy things. or they see you getting a lot of orders and stuff like that and they just want to jump into this you know industry and stuff like that. but what they don't know is like all the um, but they don't want to put any of the hard work behind it. they don't wanna um. i guess you could say: stay down until it's their turn to like: you know, um, and you know, until this their their um time. or you simply just don't like um that the hair initially like that like you thought you did, which is perfectly okay. but you just gotta keep that in mind that if you are starting off and you don't really necessarily know what you're getting yourself into, i wouldn't suggest you go ahead and like start with hair on hand, because you're going to be stuck with the large summer inventory if you do decide like, oh my god, this is not what i want to do, um, so it's going to be a little bit harder for you to like. you know, just let me be like, let me just go because, um, i don't like it anymore. i'll just do something else. but you now you gotta gotta be like stuck with the innocence until you actually sell the inventory that you already purchased and stuff, so just keep. so my camera literally just shut off, um, they ran out of like space. i had to delete some stuff, so i don't know where the hell i stopped at, but, um, i think i was finishing up um with the um keeping here on hand and, just like you know, just making sure that you know what you're getting yourself into when you do go ahead and actually start your business and then you get like hella, like a large sum of inventory. so just keep that on in mind. so now we're gonna get into like the drop shipping, which is the main thing that i actually do. now we're gonna get to the drop shipping part, which is, um, what i mainly do. i'm, like i said, i do do both, but, um, the drop shipping is what i do the most. um, and just to let you guys know, like drop shipping gets a lot of bad rep, um, and it's definitely because a lot of people don't know how to do it the right way and a lot of it has to do with, like, the time frame and stuff like that, and the person that's doing the drop shipping is not actually, like you know, putting in the right information that they need to put so it can actually be a successful drop shipping um type of business. make sure you just have the right amount of information on there so it could actually make sense and so the customer can know exactly what they're getting their stuff into. when it comes to, um, you know, purchasing, especially with me, before i go into, like the notes, um, and the bullet points that i do have for drop shipping, um, a thing that i'll say is, when it comes to like
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How To Sell Hair On Shopify (With Dropshipping!)
want to know how to sell hair extensions on shopify, maybe also some wigs, lashes, cosmetiks and- very soon, hot tools, depending on when you're watching this. i'm going to walk you through step by step of how to do so using the drop ship beauty app. so let's just jump in and get started, but first make sure you subscribe to the hair business blueprint. that's my channel. i make a lot of people successful in the beauty industry and i give out free information on my youtube channel about how to get started with marketing business, about everything. so make sure you're subscribed and maybe give the video a like at the end if you have learned something today. uh, so let's just jump right in here. i have my private label test store. that's just what i call my test store. so this is just a shopify store. there's a few customizations done to it already just because i use this for testing, but basically, as you can see here, there's no products inside, okay, so what we're gonna do is we're gonna add products to this store using the drop ship beauty app. so i already have the drop ship beauty app installed. if you want to install the drop ship beauty app, all you have to do is click: customize my store, go to search apps, search drop ship beauty. you're gonna see it right here. you can click that and there it is. it shows already installed, but you basically would just click install and i'll have a link to dropship beauty, to this exact page, if you want to take a look at everything in the description of this video. so we already have this installed. now the first thing we want to do is we want to create some collections. okay, because we're going to take the products and then from the products we got to add it to a collection. so under products, you're going to go to collections and i think tonight we're going to create a few. let's see. so first things first. let's do bundle deals. okay, so that's a popular collection. i'm just gonna click manual for right now. i'll create some videos later about the difference between manual or automated collections and how the products go in there. okay, so, bundle deals, we've got that created. create another collection. let's put sew in extensions. okay, let's do, uh, create another collection, let's just do some wigs. and then let's just say: create another collection, let's do frontals, okay, so it's pretty repetitive, you can see, right, so we're just creating these. we don't put it in the navigation system yet. but if we wanted to, we actually can go ahead and do that. so i have a home and contact. i just have a few things here, but there's no products actually. so if you wanted to add those to the top navigation, you go online store navigation. now you're going to go to main menu and then you're going to add items and then you can go to club- not products, let's go back. let's go collections- okay, so there's bundle deals, we're gonna add that. so click add- add menu item collections. sewing extensions: let's add that. add menu collections. frontals: yep, let's add that. and then, of course, we're going to add our wigs. now, if you add a collection and then you go here to add it to the menu really fast. sometimes it takes a minute for shopify's back end to allow it to appear here when you're doing this, so sometimes you might need to refresh or just give it a second. so i'm gonna take this contact and i'm gonna move it to the back. shopify loves to give you a home button in the in the navigation. me personally, i know. if i wanted to go to the home page, i'm just going to click the logo at the top of the website to get there. so to clean it up, i'm actually going to go ahead and remove that. i generally would recommend you do that to your store as well. we just click save menu and then we can go back over here to the store. let's see if it's already updated. sometimes it takes a second. i can do a couple refreshes there we go. so i refreshed a couple times and you can see all the different uh collections here. but there are no products inside. so how do we fix that really quick? that's the million dollar question. well, it's a million-dollar question. if you sell a million dollars, uh, if you're just starting out, you're probably not there yet, but that's okay. everyone starts at zero, so don't worry about that. let's go back over to apps. we're gonna go over to dropship beauty. uh, let's see here. so we're going to go straight over to products. now i have other videos explaining more about dropship beauty. if you subscribe to the channel, you're going to be able to see all these, so make sure you do that. let's go over here to wigs. okay, so you can see all these different wigs. look at all the options, guys. tons of wigs you can check out here. so let's say we wanted to do now real quick, because i'm just doing this as a quick tutorial. i want to make sure that it's clear. if i really wanted to get granule with, like, how i'm doing the collections, i would probably do another collection of full lace wigs. i would do a collection of lace front wigs, bob wigs and everything else- closure wigs, headband wigs- and then i would just create those as subcollections of the wigs. hope that makes sense. actually, if it doesn't make sense, it's okay, because i'm going to give you one example. let's go back here: products collections. just to make it real simple, we're gonna do lace front wigs, okay, that way. oh, product tag- oh nope, see manual. so you gotta click manual, okay, so we have lace front wigs. we're going to go back to online store, back to navigation, back to main menu. we're going to add a new item and we're going to go collections. this might take a second to show up here, or you can go lace front. sometimes, if you start searching it, it has the predictive search. it might show up, see. so it's actually good that i show you this, because this is probably gonna happen to you. see how quick i did that. so i'm just going to do a refresh, add menu item. let's go back to collections, and there it is. so it takes a second sometimes. now what i'm going to do is take lacefront wigs and put it underneath as a subcategory of wigs. i'm going to click save and we're going to go back over to the store and show you what that looks like in just a second. let's go back over to the drop ship beauty app and we're going to go over to products. and let's go back to wigs. now we have a bunch of wigs here. i'm not going to import all of them, but i just want to show you guys how easy it is. but before i import these, there's a few things you can do. first, let's go to settings. there is the multiply price and it'll basically mark up the products for you. so i have it set at 1.6. so if i wanted a little higher to make a little bit more profit, you can reset this and it's going to automatikally mark up the products and let's just say: round price is nearest 99 cents. so everything would be, you know, 28.99, 100, 190, 100.99. let's just make it the nearest dollar. i'm gonna click save. so it's just zero, zero. so it's just a hundred dollars even. okay, let's go back over to products. we're going to go over to wigs and let's see here i definitely need to get some lace front wigs, so these are all the transparent there we go. so add import list. that's a closure wig. so we can add a closure wig. we just didn't set up the closure with category headband wig. you can see all on drop ship beauty there's all these products: lace front wigs, full lace wigs. so you can see i have all of this. so i chose a few wigs and, like i said, it's kind of repetitive. i was doing another tutorial and i already had some of these already in there, so i'm not going to really worry about those right now. so there's a few things you can do. you can click these and you can import the products already and you can do that, but you're going to have to add the collection. you can delete those products. you can adjust the price multiplier for all of these, okay, so you can just do it. you know, if i wanted to make it maybe even a little bit more expensive or a little less, maybe i'll take it back down to 1.6. i went ahead and did that. so that's going to change all the variants, okay. but if i wanted,
Dropshipping Hair Extensions: The Pros & Cons
hey, this is mikey over at the hair business blueprint, and today i'm going to be toking about the pros and cons of drop shipping hair extensions. now, i have been doing the drop shipping of hair extensions business since 2016- that's five years. we are part of dropship bundles in dropship beauty, which is considered probably the largest hair drop shipping system in the united states, the only hair drop shipping system with a partnership with shopify, so i have a lot of experience with this. i know you're probably going to see a lot of videos, but i'm going to give you the real truth: pros and cons of drop shipping hair extensions. all right, just a quick warning: this is about a 20 minute video, but very, very detailed about everything: pros and cons of drop shipping. if i missed anything or if you have any additional comments, make sure to leave them in the comments below so i can get you the answer you need, okay, so i want to start off on a positive note. so let's go over the pros of drop shipping hair extensions first. pro number one: no inventory management. this can save you a lot of time and a lot of money, and that's really the purpose of drop shipping. okay, so you don't have to pay for a complicated inventory management system. you're not dealing with all these different vendors and worrying about when shipping. you know your shipments are coming in. all of that is a wash at this point. all you have to focus on is working with your one or two, depending on how many drop shippers you want to use. you know you work with them. they manage all the inventory, all the supply. you don't have to worry about any of that. that's going to save you a lot of time and a lot of money, which is really important and why a lot of people love to utilize drop shipping. pro. number two of drop shipping hair extensions is low barrier to entry, and when i say barrier to entry, i generally mean something financial. okay, so getting started drop shipping, not everybody has to have a website, although we highly recommend having a website. we actually probably have developed more hair extension websites in the last five years than any other company in the world. uh, with drop ship bundles and dropship beauty. but some of our clients strictly sell over social media. it's not the best way to do it. always have a home base with a website, but even so, setting up a website is generally very inexpensive and setting up drop shipping is very inexpensive. so this is going to give you access to hundreds of thousands of dollars of inventory, all sorts of products and styles: bundles, closures, frontals, wigs, different lengths, different styles, different densities- all of this. so having access to drop shipping gives you access to all these products and it makes it really easy for you to get started with your hair business. so pro number two: once again, low barrier to entry. it's easy for you to get in. pro number three is increased cash flow, and what i mean by that is if you're not spending all this money on inventory and holding inventory. so remember that it's not just spending the money on inventory or selling, but once the inventory is actually sitting there in your warehouse or just in your house, there's a cost with that, okay. so the more inventory you need and the bigger you get, it's going to hurt your cash flow more because you're not going to have the cash to purchase more inventory or spend money on operating expenses in marketing. that's where drop shipping comes in. you don't have to worry about having all that money tied up in all this inventory. generally, a minimum- probably 10, 20 000 worth of inventory to have a somewhat stok store- you know way more to have all sorts of products. so think about that. with your inventory, not having to have all that money tied up is a huge pro of drop shipping. pro number four is you don't need a warehouse or storefront so you can sell online, sell on social media. you know, having a warehouse and a storefront does get very expensive. it generally involves a long term lease- three to five years. that is a serious commitment and you might not know if your business is yet successful. that's where drop shipping comes in. you can be virtual. you don't have to worry about the power bills, the warehouses, all the other things that come along with that. you know, just being virtual, especially today, can be a huge advantage. now i know it can be an advantage to have a showroom in a warehouse and something very large scale, but really if you're selling less than a million dollars a year in hair extensions, it's not something you probably want. maybe even a little lower half a million dollars, because you're gonna have so many more expenses involved with that warehouse, with that showroom. then you're gonna have staffing, you're gonna need computers and a whole bunch of other things. that's where drop shipping comes in. to keep things nice and simple and as you become more successful with drop shipping hair extensions and building your client base, then it could be a time that you think about having a storefront or your own warehouse. pro number five is possible passive income. so if you have a big following, a huge email list, if you're just really good at selling and marketing, you can pretty much make this business a passive business where you have things almost on autopilot: the sales are coming in, you're not packing and shipping the orders, you're not worrying about inventory, you're just basically collecting the check every single day with all the orders coming in. now this is the best case scenario, which is not going to happen for most people, but definitely we have some clients that are doing very minimal work and getting a ton of sales because they've spent a lot of time on the back end building up their following in social proof. people just buy from them. that is a great way to sell hair extensions. so if that's you know something you're thinking about and you have a big following, it is a huge advantage to somebody just starting out and that's definitely a pro of drop shipping hair extensions. okay, we're already at number six. there's a lot less risk when drop shipping hair extensions, you have to think about all the money that gets tied up. there could be a fire at your house, you never know. you have a lot less expenses, a lot less to worry about, and that really comes down to a lot less risk. so if you're some looking, if you're somebody that is looking for a project or a business where you don't want a lot of risk and you can't afford the risk, drop shipping could be the way to go. risk plays a big part in why businesses fail, because they get too much overhead, too much going on and they just can't handle it. so if you want to limit your risk, think about drop shipping. hair extensions pro number seven is you can drop ship and run your whole business on the go. we have clients that will be out of town for a long period of time and i can tell you their moms or dads don't want to pack and ship their orders. okay, that's where drop shipping comes in. so even if you do like packing and shipping your orders and you have somewhat of a hybrid model, having dropship as a backup can be a huge advantage. if you're spending a week on the beach in miami, you can pretty much run your business virtually from miami or anywhere else in the world. so a huge advantage is to be able to be 100 virtual and be able to run your business while when you're at home or out of town. in my last pro for drop shipping hair extensions is you're spending a lot less time shipping. that makes a huge difference because time is money. so if you're spending less time on shipping, you have to realize that and really utilize that extra time and spend it doing more marketing. marketing is something that most people struggle with in the hair industry and it's what really is going to make you successful. but you have to have time to either do marketing or get great at marketing. so if you're not packing, shipping, unpacking boxes, repacking in smaller orders and doing all of that keeping up with inventory, you shou.
How to Start a Hair Business for $100 (Sell Hair Bundles & Wigs with Dropshipping)
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