Can You Really Make Money Selling Hair Extensions?
Can You Really Make Money Selling Hair Extension? I am not an expert in hair extension. However, I am glad to receive an email from a visitor of my website who follows my online course makes a lucrative income from her niche – selling hair extension on her website.
I have never thought you could actually make money selling hair extensions. At least it is not something that I hear about too often. I made a search on Alibaba’s best selling items. I was surprised to see hair extension is on the top list. Obviously, there is quite a huge community of hair extension lovers out there.
You see, hair extension can really be a niche and allows you to make money out of it. For those who are “passionate” about this subject, I am sure they would jump at the opportunity to make a lucrative income online selling hair extension. At least, I know this niche leaves the door wide open for creative hair extension sellers or makers who want to build a business.
Can You Really Make Money Selling Hair Extensions?
Making your own clip-in hair extensions allows you the freedom to price things however you see fit. You can charge a buck for your DIY hair extension or you can a hundred bucks. It’s completely up to you.
You can look around and see that the price of hair extensions varies just as much as the different styles and length of hair extensions. However, in all my research I found one place that all DIY makers agree is the best place to sell their stuff: Etsy.
Looking at Etsy we can get an idea of what you might expect to make by selling homemade hair extensions.
Etsy, if you don’t already know, is a marketplace, similar to Amazon, but specifically for people who want to buy handmade things, instead of buying products (like hair extensions) from big department stores. For crafters and DIYers Etsy is a place to sell goods.
Etsy has more than 10,000 listings under “Hair Extension”, ranging in price from $3 to over than $250!
Note: Amazon just launched their Handmade at Amazon store, which is supposed to compete with Etsy, so keep your eye out in the future for deals and support related to Amazon sellers. Oh, and there are plenty of other online marketplaces you can try out as well (though none are as big or well-known).
Etsy doesn’t reveal any information regarding product or seller rankings like Amazon does, so it’s difficult to know exactly how much a seller is making. However, thanks to CraftCount.com, a site that pools information on Etsy sellers, I was able to get an idea.
I looked at Google trends and found that interest for hair extensions is relatively consistent throughout the years. Although the trend is going down, it is not entirely dead like what happens to typewriters.
You can see that interest for hair extension has gone up pretty steadily since 2004 until 2011 and slightly going down or stagnated. The demand is still there on the market. This is a pretty good niche if you want to make money online selling hair extensions.
Can you really make money selling hair extension? Absolutely can.
How Will You Sell Them?
One other thing that you need to think about is how big you want your business to be, and how much time you want to dedicate to growing it. The easy way, that most people envision, is physically selling the hair extensions at a local market. This is a strategy that doesn’t involve too much work, though you do need some preparation!
You’ll need a table, maybe a banner, and packaging materials. You’ll need to pay stall fees (ranges, about $10-$50/day or $300+ per season), and may be required to get a business license to comply with city regulations.
But to make big money, you need to be selling your goods online, where you can reach more people, 24 hours a day, and anywhere in the country. There are currently more than three billion internet users in the world. If you could tap into the 0.1% of these internet users, you will be making a lucrative income just by selling hair extensions online.
If you decide to do that, you’ll need to either pay listing fees for sites like Amazon or Etsy. You could simply become an affiliate for Etsy, as well as any other marketplaces similar to it. Etsy pays its affiliates 4% of everything they help sell. Amazon’s affiliate program pays out about the same amount, 4%, up to 15%. In the affiliate world, this is considered low but there is an initial investment and risk on your part.
Alternatively, pay hosting fees if you decide to sell hair extensions on your own website. Beyond that, you may need to do some paid advertising, free advertising (blogging), or other forms of promotion. All of this stuff can be learned, and isn’t that tough (I do it), but it is another aspect of your business that you need to consider!
And just like that, the creative side of making money selling hair extension online can be dwarfed by the business side of things. I don’t mean to scare you off, but if you are serious about making money and starting a business, you have to consider these things.
The Best Method Of Earning Money With Hair Extensions
One of the most significant modern patterns is the way that people rely on the internet more and more. Almost every one of us owns a smartphone. There are getting more people doing online shopping. The online earning potential is enormous. The online environment has become a place where people make purchases and it’s also where they find out information to begin with. This pattern puts website owners in a position of power.
In particular, you can build your own website and use it as a way to promote and talk about a topic that you are interested in – handsoap, painting, or photography. Having a website also gives you the ability to make money through affiliate marketing. Specifically, this means that you earn money by promoting products from other companies.
If you’re interested in this niche – hair extension, there are all sorts of approaches you could take.
For example, you could build a site that discusses how to make your own hair extension. Or, you might review products suitable for certain age groups or even provide information about new techniques that people might not have heard about. That’s how you make money helping people online.
With a website, you can provide information to hundreds of thousands of people simultaneously. Additionally, the amount of legwork is also much lower and you don’t have to invest a lot of money like other methods we discussed in this post.
The most significant challenge with creating your own website is simply knowing how to turn it into a business. Making a blog and adding articles to your site is relatively simple. Turning that into an online business will take some training! Thankfully, you’re not on your own here.
Wealthy Affiliate provides a powerful business model to get people started in affiliate marketing and also offers significant training. In fact, with just the tools and information the site offers, you have everything you need to get started and try out this making money approach for yourself.
As an affiliate, I can tell you that making money is much easier when you are simply running a content-based website (like writing a blog) rather than producing, storing and marketing products you had to make by hand.
For now, I’d recommend you start with my free 7-day email course here on my website if you are serious about starting your very first online business and make money through affiliate marketing with me.
Good luck and all the best!