How difficult is it to earn N300,000 selling hair in one month?
Realistically speaking, it is easier than you might think.
However, you will need to put in the initial work and it might take a couple of days or weeks (depending on your determination) before you will start to see any sales.
We’ll get to the math in just a few minutes.
But first, let’s explain what you’ll need to do in order to achieve your dream earnings.
1. Create an online store
You have to make sure you have an online presence. Either by creating an e commerce website, or selling on a niche e commerce website like this one dedicated exclusively to Nigerian hair business owners or setting up a social media page for your hair brand.
Set up your online hair store in minutes and start earning N300,000 and up on Naijahairland.com
If you truly want to stand out from the rest of the hair extensions brand the best way is to figure out a name that is catchy and at the same time explains who you are, what you sell AND where your location is.
For example if you live in the Isolo, Lagos area, you can call your hair extension online store ‘Isolo Hair Extensions’. That way customers who live and or work in Isolo area will follow you and order from you. They will be sure of same day delivery and also be assured that they can get to you and check out the quality and realness of the hair extensions in real life.
Once all of the setting up is in place, marketing is everything. How do you market? Social media. Word of mouth and basically any means possible.
Well, actually collaborations and quality products. Collaborating with a big name social media influencer will go a long way to getting your business name brand out there.
How do you make sure you earn N300,000 in a month selling hair online?
Well, the price of the average hair extension is N25,000.
So when you divide the goal of N75,000 (N300,000 divided by 4 weeks= how much you will make in 1 week) by the price of the average order into 3 then you reach your weekly goal of N75,000.
Are you with me?
Now you see that selling hair to an average of 3 customers per week isn’t that daunting, is it?
Now that we’ve explained the hard part, let’s really explain how you sell hair with no money.
Ever heard of drop shipping? You probably have but don’t understand what it is all about or how it works.
Let us break it down for you.
Dropshipping is a type of business model which enables a company (you) to operate without maintaining inventory, owning a warehouse to store their products, or even having to ship their products to their customers themselves.
How it works is that the retailer partners up with a dropship supplier that manufactures and/or warehouses products, packages the products, and ships them directly to the retailer’s customer, on the retailer’s behalf.
So basically what happens is that:
The Drop shipping model is extremely attractive as it eliminates the need for the store owner (you) to have a physical business location such as an office space or warehouse – instead, all they need is a laptop and an internet connection.
However to truly make sure you are selling quality hair extensions to your customers, you will new To first purchase sample extensions from whichever dropshipping hair company you decide to go into business with.
After you make the sample purchase and have tested out their product then you can start your business and start earning that N300,000 we promised you.
But you really need to start now.
According to Aljazeera, the Nigerian hair market is a billion dollar industry. And 2019 is a good year to get started in making a name for yourself and earning money.
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Nigerian Women who made money selling hair online
Here are a couple of Nigerian couples who make millions every year selling hair online.
1. Kehinde Smith, the owner of Instagram page @MyExtensionz earned so much money from selling hair extensions that she opened up a hair salon in a choice place in Las Gidi.
My Extensions have a huge following of 40 thousand customers and boasts of local and international celebrity customers too.
With the kind of quality hair they sell we can assume that average hair cost about N50,000 only.
Just calculate how much they make in a week if for example just 10 of their customers order hair extensions at a price of N50,000 only. That’s 50,000 multiplied by 10 persons will give Kehinde Smith a total amount of N500,000 a week.
2. Naija Beauty Hair
Instagram page @NaijaBeautyHair is not doing too bad for themselves. Racking up 89 thousand Instagram customers and constantly posting SOLD OUT images on their page shows that they are in this hair business to win and there’s no stopping them.
3. Lush Lashezz
Lush is a newcomer to the hair extensions business but a quick glance on their Instagram page will show you that they here to stay.
Their photos are clean and classy. Their branding game is strong.
Just check out their Instagram page to see how they transformed it to a cool and classy looking page.
Their photos are eye catching and bound to draw in many followers as time passes.
4. The Belle Store
The Belle Store on Instagram have a cool 12 thousand followers and have made their money selling quality and luxurious hair extensions.
They sell 100% virgin hair and ship world wide.
5. Hair Boss International
6. Mix Wanneka
If you haven’t heard of MizWanneka hair extensions then you must be sleeping.
With over 400 thousand loyal customers both home and abroad, this lady has carved a niche for herself selling quality virgin hair to rich customers.
She has so many followers and even more impressions that one time in December, in just one week she had 8 million people check her page just to purchase her hair extensions.
She also owns a website and a shop so customers can order on her website (where they receive a discount), on Instagram or go to her shop and buy.
Wanneka is doing so well in her hair business that she occasionally shares her business secrets with other business owners. Like the time she organized an event to meet with and lecture women on earning money.
The hair industry has been so good to Wanneka that she constantly posts photos of herself enjoying life.
Take for example when she showed off herself sitting in the business class of an airplane on a holiday trip to some far away land somewhere.
And to truly know if someone has arrived as a business mogul, they don’t hesitate to rein with their kids. Like the time she posted multiple photos of her and her minnie me in matching outfits to celebrate the birthday of her daughter.
Now this is what happens when you devote your life to the hair business.
If you truly want to be earning mega bucks, start today.
N300,000 is not that much to start making. Just make the decision that you will make it. See yourself making that money. Set up a vision board, follow the advice that we’ve freely shared with you and before you know it you’ll be on your way to making millions in just a year.
Do you already have the hair extensions and are looking for clients? Want to know how other are selling their hair and making money?
Click here and see what others are doing to bring in millions of Naira just from the hair industry alone!