Business ideas
15 min read

10+ Best & Profitable Hair Business Ideas in 2023

Are you a hair enthusiast looking to turn your passion into a lucrative business? Or perhaps you're an experienced entrepreneur seeking new and creative ventures in the beauty industry? Look no further, for we've compiled a list of 10+ creative and demanding hair business ideas that are sure to turn heads and bring in profits. From opening a mobile hair salon to starting your own hair extension line, these ideas offer unique opportunities for you to showcase your skills and passion for all things hair. So grab your scissors, brush up on your styling techniques, and let's dive into the world of hair entrepreneurship.

Written by:
Updated on:
March 5, 2023
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Table of Contents:

Our List of 10+ Best Hair Business Ideas:

1. Hair salon.

To put it simply, a hair salon is a place where people go to get their hair done. Hair salons offer a variety of services from haircuts to coloring, styling, and even makeup. But why would starting a hair salon be a good business idea?

  • Steady demand: People will always need haircuts and styling making the hair salon industry a recession-proof business.
  • High-profit margins: With low overhead costs, hair salons can have high-profit margins especially when offering specialized services like color corrections and chemical treatments.
  • Repeat clientele: Loyal customers are key in the salon industry, often returning every few weeks for regular appointments.
  • Opportunity to be creative: A hair salon allows for a creative outlet where you can express your personal style and aesthetic through styling techniques and personalized services.
  • Flexible schedule: As a business owner, you have the flexibility to set your own schedule, and even hire staff to manage the salon while you are away.

In conclusion, starting a hair salon could be a great business idea if you are passionate about the beauty industry, want to express your creativity, and enjoy working with people. With steady demand, high-profit margins and repeat clientele, a hair salon offers a reliable business model with plenty of room for growth and expansion.

2. Hair extension bar.

Have you ever found yourself flipping through a magazine or scrolling through Instagram, admiring the full, voluminous hair of models and influencers? It's no secret that hair extensions have become increasingly popular in recent years, with more and more people turning to them to add length, volume, and even some color to their hair. And with the rise of the hair extension bar, it's easier than ever to achieve the hair of your dreams.

So what exactly is a hair extension bar? Essentially, it's a salon or studio that specializes in hair extensions. Customers can come in to get a consultation, choose their desired type of hair extensions (clip-ins, sew-ins, tape-ins, etc.), and have them applied by a trained professional. Some hair extension bars also offer other services like coloring, cutting, and styling to complete the look.

If you're considering starting a hair extension bar, here are some reasons why it could be a lucrative business idea:

  • High demand: As mentioned, more and more people are turning to hair extensions to enhance their natural hair. This means there's a constant demand for high-quality, affordable extensions and skilled professionals to apply them.
  • Flexibility: Hair extension bars can be set up in variousways - as a standalone salon, or as a service offered within an existing hair salon - offering flexibility in terms of location and startup costs.
  • Repeat business: Unlike some other salon services, hair extensions require regular maintenance and upkeep, meaning customers will likely return frequently for touch-ups and new extensions.
  • Upselling opportunities: Once customers are in the door for their extensions, there are opportunities to upsell them on other services like coloring, cutting, styling and even retailing hair care products
  • Diversification: If you are already in the hair business, opening a hair extension bar offers a way to diversify your services and income stream while keeping your current client base happy.

So if you're passionate about hair and are considering starting a business, a hair extension bar is definitely worth considering. With a little hard work and savvy marketing,you could soon see the profits rolling in.

3. Mobile hair styling.

Are you tired of spending hours sitting in a salon? Do you want to simplify your hair styling process? Mobile hair styling could be the solution to all your problems! Mobile hair styling refers to a hair stylist who provides hair services at the client's preferred location, whether it's their home, office or hotel room. This innovative business idea has gained traction in recent years due to its convenience and flexibility. In this article, we'll dive into the world of mobile hair styling and its potential as a business idea.

Benefits of Mobile Hair Styling

  • Convenience: Clients don't have to travel to a salon, saving them time and effort.
  • Flexibility: Mobile hair stylists can offer services outside of regular salon hours, accommodating various schedules.
  • Personalized Experience: Mobile hair stylists provide one-on-one services, giving clients a more personalized and comfortable experience.
  • Privacy: Clients can have their hair services done in the privacy of their own space, eliminating the worry of others seeing them in various stages of the hair styling process.
  • Creativity: Stylists can bring their creativity to new locations, inspiring them to come up with fresh ideas and styles.

Why Mobile Hair Styling Could Be a Great Entrepreneurial Opportunity

  • Low Startup Cost: Mobile hair styling does not require a physical location, reducing the overhead cost of the business.
  • Niche Market: Mobile hair stylists can offer specialized services to specific target markets, such as busy professionals or those with disabilities.
  • Flexibility: Business owners can set their own schedule and work as much or as little as they want.
  • No Commute: Mobile hair stylists don't have to worry about commuting to work, saving them time and money.
  • Fulfilling Work: Hair styling is a fulfilling job that allows stylists to be creative and make people feel confident and beautiful.

In conclusion, mobile hair styling is a convenient and innovative business idea that has the potential to make a positive impact on both clients and stylists. With low startup costs and flexibility, it could be the perfect entrepreneurial opportunity for those passionate about hair styling and looking to start their own business.

4. Hair product line.

One of the most lucrative businesses in the beauty industry is the hair product line. This consists of a range of hair care products formulated for different hair types and concerns.

  • Shampoo - The base of any hair care routine, this is used to cleanse the hair and scalp.
  • Conditioner - Used after shampoo to moisturize and detangle hair.
  • Styling Products - Products used to achieve a desired look like hair spray, mousse, gel, or pomade.
  • Treatments - Products designed to restore damaged hair, reduce frizz, strengthen and stimulate the growth of hair, and protect hair from damage.

A hair product line is a good business idea for several reasons:

  • Lack of Market Saturation - There is always room for new and innovative hair care products, despite the numerous brands in the market. There is always room for growth since people will always have different hair types and concerns.
  • High Demand - People will always seek to take care of their hair, and the market for hair products is ever-growing
  • Repeat Business - Most people use hair products regularly, so the demand for repeat business is high.
  • Brand Loyalty - Customers tend to stick with a brand that they like and trust, leading to repeat business and referrals.
  • Differentiation - A hair product line can offer something unique and different from what’s already available in the market, setting it apart and making it a popular choice among customers.

5. Hair styling lessons.

If you have always been obsessed with hair and love trying out different hairstyles, starting a hair styling lessons business could be the perfect fit for you! So, what exactly are hair styling lessons and why would it make a good business idea? Let's dive into it.

  • Hair styling lessons are personalized classes or tutorials that provide individuals with the skills they need to create amazing hairstyles on their own.
  • The classes can range from beginner to advanced levels and can be designed to cater to different hair types ranging from curly to straight, short to long or thin to thick hair.
  • The classes can also focus on specific styling techniques such as braiding, curling, straightening or coloring.
  • The business can be run from the comfort of your home or from a fully-equipped salon or studio.
  • There is a high demand for hair styling lessons as many people are in search of ways to save money and time by styling their own hair at home. Others may be looking to hone or improve their hair styling skills for a special occasion or as a career move.
  • It is a flexible business idea that allows you to set your own hours and rates. You can also offer different packages to cater to different budgets and needs.
  • You can also expand your business by creating online courses or tutorials which can increase your reach and revenue streams.

In summary, hair styling lessons provide a unique way to monetize your passion for hair styling while providing an invaluable skill to others. With the high demand for hair styling lessons and the flexibility of the business idea, it could be worth considering as your next entrepreneurial venture.

6. Hair coloring services.

Are you considering starting a new business venture? Have you thought about offering hair coloring services? Hair coloring can be a great business idea for many reasons. Let's dig into what hair coloring services are and why they might make for a profitable business opportunity.

  • Hair coloring services: These are services that involve coloring, highlighting, or lowlighting hair to create a new look or enhance an existing one. This can include full-color treatments, partial highlights, balayage, and ombre.
  • Why hair coloring is a good business idea:
  • High demand: Hair coloring services are always in demand, especially with the current trend of bold hair colors and unique color combinations. This means a steady stream of clients and a reliable income.
  • Repeat business: Hair coloring requires upkeep, which means many clients will return to your business every few weeks or months for touch-ups or complete color changes. This builds repeat business and client relationships.
  • Flexible pricing: Hair coloring services can range from a few dollars for simple highlights to hundreds of dollars for complex color treatments. This allows for flexibility in pricing and catering to a wider range of clients.
  • Creative freedom: Hair coloring is an art form, allowing for creativity and artistic expression in your work.
  • Opportunities for growth: As your business grows and expands, you can consider adding additional related services such as haircuts, styling, and other beauty treatments to increase revenue streams.

If you're looking for a business idea that allows for creativity, repeat business, and a growing customer base, then hair coloring services might be the perfect opportunity for you. With high demand and flexibility in pricing, this business idea could lead to steady growth and success.

7. Hairpiece design and manufacturing.

Have you ever thought about starting a business? With so many different niches to choose from, it can be difficult to decide which type of business to pursue. One idea to consider is hairpiece design and manufacturing. While it may not be the first thing that comes to mind when thinking about starting a business, it is actually a very viable option. But what exactly is hairpiece design and manufacturing, and why would it make a good business idea? Let's take a closer look.

  • Hairpiece design involves creating unique designs for hairpieces that are tailored to the needs and specifications of individual customers. These designs may include different styles, colors, and textures.
  • Manufacturing these hairpieces involves using specialized equipment and materials to produce high-quality, durable products that can withstand daily wear and tear.
  • There are several reasons why hairpiece design and manufacturing could be a good business idea:
  • The hairpiece industry is growing rapidly and shows no signs of slowing down. As more and more people experience hair loss or seek to change up their look, there is a growing demand for high-quality hairpieces that look and feel natural.
  • By offering customized designs, you can set yourself apart from other hairpiece manufacturers and attract a loyal customer base who appreciate the individual attention and care you provide.
  • With advances in technology and materials, it is now easier than ever to create truly realistic and natural-looking hairpieces that can blend seamlessly with a person's own hair. This means that there is a higher demand for quality products that can provide a truly realistic look and feel.
  • Starting a hairpiece design and manufacturing business allows you to combine your creativity with your entrepreneurial drive, giving you the opportunity to create a fulfilling and profitable career doing something you love.

If you are interested in pursuing a hairpiece design and manufacturing business, it is important to do your research and develop a solid business plan. Consider your target market, your competition, and your startup costs, and start building a network of suppliers, manufacturers, and potential customers. With hard work, determination, and a commitment to excellence, you can turn your passion and creativity into a successful and rewarding business venture.

8. Hair styling tutorial videos.

A hair styling tutorial video is a demonstration of how to create different hairstyles, typically done on yourself or someone else, provided in a video format. These videos are accessible on various platforms including social media sites such as Instagram, Facebook, and YouTube.

Why would it make a good business idea?

  • Low barrier to entry: Creating hair styling tutorial videos requires minimal expenses, only a decent camera and an internet connection which makes it an attractive business idea.
  • Wide Audience: With people of all ages seeking to learn new hairstyles, creating hair styling tutorial videos can attract a wide audience.
  • Educational: Apart from being an entertainment source, hair styling videos can provide educational value to the viewers by teaching them how to create new looks.
  • Increased Brand recognition: By creating hair styling tutorial videos, businesses can reach new audiences and raise brand recognition.
  • Monetization: With a considerable following, businesses can monetize their hair styling tutorial videos by partnering with brands, advertisements, sponsorships, among others, thereby turning their passion into a profitable business venture.

9. Hair accessories boutique.

If you're passionate about hair and fashion, starting a hair accessories boutique could be a great business idea. A hair accessories boutique is a store that specializes in selling various hair accessories such as hair clips, headbands, hair ties, fascinators, hair extensions, and much more. Here are some reasons why it can be a profitable business venture:

  • High demand: Hair accessories are an essential part of everyday hair care routine for most people. Whether it's a simple hair clip or a headband, a good hair accessory can add a touch of style and elegance to any hairstyle. By opening a hair accessories boutique, you'll be catering to a high-demand market that is always in need of new and innovative hair accessories.
  • Low overhead costs: Starting a hair accessories boutique doesn't require a huge capital investment. You can start small and gradually grow your business as you gain more customers. Unlike other businesses, you don't need to rent a large space or hire many employees. All you need is a small store or an online shop and a few suppliers to get started.
  • Unique product offerings: As a hair accessories boutique owner, you'll have the opportunity to showcase your creativity by offering unique and stylish hair accessories that are not easily found elsewhere. You can source your products from various suppliers and even create your own designs. This can set you apart from your competitors and help you build a loyal customer base.
  • Scalable business: Once you have established your hair accessories boutique, you can easily scale your business by expanding your product range or opening additional stores. You can also offer hair accessories for different hair types and styles, catering to a wider customer base.
  • Flexible working hours: As a business owner, you have the flexibility to set your working hours and be your own boss. This can provide a good work-life balance and allow you to pursue other interests or spend time with your family.

10. Hair extensions installation services.

Hair extensions installation services are becoming increasingly popular for both women and men who want to add length, volume or texture to their hair. It involves adding synthetic or natural hair to an individual's existing hair to create a fuller, longer look. Hair extensions create a more dramatic change than any other hair modality.

Starting a hair extensions installation business can be an extremely lucrative idea due to the growing demand for these services. According to the American Hair Loss Association, more than 35 million men and 21 million women in the United States suffer from hair loss.

Here are a few reasons why starting a hair extensions installation business can be an excellent idea:

  • It is a growing market with high demand
  • Provides clients with instant gratification and boost their confidence
  • Requires minimal startup costs and easy to start
  • Can be operated either as a brick and mortar store, mobile service, or an online store
  • It offers the opportunity to explore and get creative with different styles, designs and colors
  • It is a professional service that requires minimal investment but generates high returns
  • It can attract a wide range of clients from all ages and walks of life

Starting a hair extension business is an excellent way to leap into the industry and turn your passion into profits.

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Successful Examples of Hair Businesses:

The hair business industry is a multi-billion dollar business that includes everything from salons and barber shops to product manufacturers and beauty suppliers. Here is a list of some of the most successful companies in the hair business industry:

  • Regis Corporation
  • L'Oreal USA
  • Procter & Gamble Professional Hair Care
  • Conair Corporation
  • Coty Inc.
  • Unilever Personal Care
  • Sebastian Professional Haircare Products
  • Henkel Beauty Care Professional
  • Matrix Essentials, Inc.
  • American Crew LLC</
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