The beauty industry is booming! According to Quikstone Capital, the salon industry is expected to outperform the United States general economy over the coming years. No matter if you're a salon owner, commissioned stylist, or independent stylist, there are real opportunities for you to increase your annual income.
According to Salary.com, the average US hairstylist’s income within their first 1 to 5 years of work will only increase by 3 percent. And from 10 to 15 years, their income is virtually static! This is both alarming and shocking, because professionals in the beauty industry have more direct control over their annual revenue than many other professions.
As the season kicks into high gear, businesses are focusing on the next few weeks to maximize their retail and service opportunities. But what about after the holiday rush? What happens then? The month of December is the ideal time to “squirrel“ away some business away for the new year!
No-shows can be a major problem for appointment-based businesses, especially for salons. Instead of taking a forced break, try these methods to control the gaps!
How do you gift your guests? Do you offer a complimentary glass of wine, bagels and cream cheese, or a hand massage with your services? These perks elevate the client experience, but do they grow your business? Do they create revenue for the salon? It’s time to reevaluate and gift with purpose.