SUPERIOR CEO ACADEMY "HAIR BUNDLE" BUSINESS

MULTIPLE SOURCES OF INCOME IS NECESSARY IN TODAY'S DAY AND AGE AND THE HAIR INDUSTRY SEEMS TO BE GROWING AT AN UNEXPECTED HIGH RATE. HUSTLERS THIS IS WHERE YOU COME IN. SEE A PROBLEM FIND A SOLUTION, FIND A VOID- FILL IT, NOTICE A DEMAND- BE THE SUPPLY

SUPERIOR CEO ACADEMY

HIGH INCOME HUSTLES

HAIR BUNDLE BUSINESS INTRO

THE DEMAND

Most people nowadays are using hair extensions to hide their hair damage issues. The surging prevalence of casts, alopecia, and hair loss is expected to drive the hair extension market growth in the near future. The National Alopecia Areata Foundation, for instance, mentioned that as of 2020, approximately 6.8 million people in the U.S. are suffering from alopecia areata. At the same time, the increasing usage of chemical-based shampoos would aid growth. However, these products can often cause hair breakage and headache. It may hamper their demand.

As per the report, the market size was USD 2.35 billion in 2020. It is projected to grow from USD 2.38 billion in 2021 to USD 3.43 billion in 2028 at a CAGR of 5.3% in the forecast period.

6 FIGURE EARNING POTENTIAL

The average amount for retail hair can cost $150 USD to $300 USD. If you only make 1 sale per day, you will make about $54,750 USD-$109,500 in gross sales in a year! The general profit margin for retail hair is about 50%-100%. So deducting the money you spend to get the hair, you will make a net profit somewhere between $27,375 USD to $54,750 USD. If you can make 2 sales per day, you will be making 6 figures net profit!

If you are a hairstylist, your income will only double because you can charge for services such as knots bleaching, custom colors, install and styling. On an average note, African American women are willing to spend $300-$500 just to get the hair and then about $100-$300 to get the hair installed and styled. If a client wants custom color or wig making, you can charge even more.