Advantages of Dropshipping Hair Business: Why Sell Hair Bundles & Wigs With Drop Shipping?
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Author : Travo
Update time : 2021-11-16 20:52:43
Here we go over the pros of dropshipping hair bundles and wigs, which will benefit your hair business a lot, especially in the early period.
1. No Inventory Management
No inventory management can save you a lot of time and a lot of money - that's really the purpose of drop shipping, so you don't have to pay for a complicated inventory management system, you're not dealing with all these different hair vendors and worrying about when your shipments are coming in, all of that is a wash at this point. All you have to focus on is working with your one or two depending on how many dropshipping hair vendors you want to use. You work with them, they manage all the inventory and the supply, you don't have to worry about any of that's going to save you a lot of time and money which is really important and why a lot of people love to utilize dropshipping and wholesale hair from my second hair
2. Low Barrier To Entry
When we say barrier to entry we generally mean something financial. So getting started dropshipping not everybody has to have a website although we highly recommend having a website, some of our clients strictly sell over social media. Setting up drop shipping is very inexpensive and this is going to give you access to hundreds of thousands of dollars of inventory for all sorts of products and styles (hair bundles, lace closures & frontals, wigs in different lengths, styles, and densities). So it makes it really easy for you to get started with your hair business.
3. Improved Cash Flow
If you're not spending all this money on inventory and holding inventory, so remember that it's not just spending the money on inventory or selling. But once the inventory is actually sitting there in your warehouse or just in your house, there's a cost with that, so the more inventory you need and the bigger you get, it's going to hurt your cash flow more because you're not going to have the cash to purchase more hair inventory or spend money on operating expenses in marketing, that's where drop shipping comes in. You don't have to worry about having all that money tied up in all this inventory (generally a minimum probably 10000 or 20000 worth of inventory to have a somewhat stock store), this is a huge pro of drop shipping.
4. You Don't Need A Warehouse or Storefront
You don't need a warehouse or storefront, so you can sell online sell on social media. You know having a warehouse and a storefront does get very expensive, it generally involves a long term lease three to five years that is a serious commitment and you might not know if your business is yet successful, that's where drop shipping comes in - you can be virtual and don't have to worry about the power bills, the warehouses, all the other things that come along with. It can be an advantage to have a showroom in a warehouse and something very large scale, but really if you're selling less than a million dollars a year in hair extensions, it's not something you probably want. As you become more successful with dropshipping hair extensions and building your client base, then it could be a time to have a storefront or your own warehouse.
5. Possible Passive Income
If you have a big following and a huge email list, if you're just really good at hair selling and marketing, you can pretty much make this hair business a passive business, where you have things almost on autopilot - the sales are coming in, you're not packing and shipping the orders, you're not worried about inventory; you're just basically collecting the check every single day with all the orders coming in. Now, this is the best case scenario which is not going to happen for most people, but definitely we have some clients that are doing very minimal work and getting a ton of sales because they've spent a lot of time on the back end, building up their following in social proof.
6. Less Risk
There's a lot less risk when dropshipping hair extensions, wigs, and other hair products. You have to think about all the money that gets tied up, there could be some accidents you never know, you have a lot less expenses and that really comes down to a lot less risk. So if you're somebody that is looking for a hair project or a business where you don't want a lot of risks and you can't afford the risk, dropshipping could be the way to go. Risk plays a big part in why businesses fail because they get too much overhead and they just can't handle it. So if you want to limit your risk think about dropshipping hair weaves.
7. Easier To Run Your Business When Traveling
You can dropship and run your whole business on the go. We have clients doing hair retail and wholesale business that will be out of town for a long period of time, and they don't have family or friend want to pack and ship their orders, then that's where drop shipping comes in. So even if you do like packing and shipping your orders and you have somewhat of a hybrid model, having dropship as a backup can be a huge advantage. If you're spending a week on holiday, you can pretty much run your business virtually from vacation hotel or anywhere else in the world. A huge advantage is to be able to be 100% virtual and be able to run your business while when you're at home or out of town.
8. Less Time Shipping
The last pro for drop shipping hair extensions is you're spending a lot less time shipping, that makes a huge difference because time is money. So if you're spending less time on shipping, you have to realize that and really utilize that extra time and spend it doing more marketing. Marketing is something that most people struggle with within the hair industry and it's what really is going to make you successful, but you have to have time to either do marketing or get great at marketing. So if you're not packing in smaller orders and doing all of that keeping up with inventory, you should have more time to market your business which should increase the sales. Then you know because drop shipping, you're probably going to be paying a little more than buying in bulk which we're going to get into is one of the cons, you should be able to make up for that hopefully with some real strong marketing power to quickly increase your sales.
Those are the eight wonderful pros of why you should consider drop shipping hair extensions. Though there are some cons of why you might not want to use drop shipping for your hair extension business, the negative side can be eliminated by a reliable hair vendor, such as mysecondhair.com so if you are looking for a trusted dropshipping hair business, contact us now!