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Becoming a hair product distributor is challenging, but if you know the initial steps that can lead you to success in this business, read this blog, as it covers all the essential points that can help you sell hair products online. Following the below-mentioned steps can help you execute your business successfully. These steps can help you immensely in the future for long-term success.
According to "Fortune Business Insights," the global hair care products market was valued at 99 billion USD in 2023 and is expected to become a 106 billion USD market by the end of 2024. During the forecasting period of 2025 to 2023, the CAGR is expected to be 10%, which would make the hair products market a whopping 213 billion USD market by 2032.
According to the platform, Europe dominates hair care products and generates 36% of the global market revenue. The hair care industry in the USA is also proliferating, reaching a 24 billion USD market because of increasing hair-related issues among people.
The above graphs show the division of the hair market based on the most popular and most sold products globally.
The hair product distribution business has numerous benefits. The market constantly grows, offers high profit margins, is high in demand, and streamlines revenue.
|
Benefit |
Description |
|
Growing Market Demand |
Consistent demand fueled by trends like organic, gender-neutral, and diverse hair care products. |
|
Lucrative Profit Margins |
Purchase products in bulk at discounted rates and resell at higher prices for significant earnings. |
|
Diverse Revenue Streams |
Serve various markets, including salons, retail stores, and direct-to-consumer, ensuring steady income. |
|
Flexibility in Specialization |
Focus on niches like eco-friendly, textured hair, or luxury products to establish a unique market presence. |
If you want to become a hair product distributor, the steps below will help you kickstart your hair product-selling business.
Before entering any business, one should understand the market in-depth. Keep yourself updated with the latest trends in the market. Research which products dominate the market, whether organic hair care products, natural and eco-friendly products, or products for specialized treatment.
One should also determine the target audience for hair product distribution: direct consumers or retailers and salons. Identifying your target market will help you manage your inventory and business, keeping logistics and other factors in mind.
One should also be aware of their competitors in the hair products market. Understand their business and identify the grey areas in their business. It will help you strengthen your business and, by doing so, stand against your competitors for a long time.
A well-structured business plan acts as a roadmap for your business, with solutions to every problem you may face. It is the key to all your questions and queries. Start by outlining your business goal. Answer all the questions about how you will attain your goal. Specify your target audience. Highlight unique selling points of your products and services that differentiate you from your competitors.
Then comes the finances. Start by calculating your business's startup cost. Include all the costs, from inventory stocking to logistics and marketing. Make a backup plan to promptly deliver products to your buyers in case of geographical disruption.
Decide whether you'll operate as a sole proprietor, LLC, or corporation. Understand the legalities of selling hair products. What documentation is required to distribute hair products internationally, and what are the requirements for selling locally?
The hair product market is expanding as numerous products are introduced every year. You can choose various types of products for your hair products business. For instance, hair shampoos are the most popular and common product to sell and generate maximum profit for businesses. Then comes hair conditioning products. Other niche products are styling products such as gels, sprays, and creams; hair tools like straighteners, curlers, and dryers; hair serums, masks, and extensions are some of the most popular and rapidly growing hair product categories you can choose from.
Partner with reputable manufacturers and companies, both international and domestic, known for their high-quality products and positive reputation in the hair product market.
Once you finalize the products you want to sell, you can apply for legal permits and licenses for your hair product business. Register your tax ID with both local and international authorities. Complete all the necessary paperwork beforehand for a smooth trading experience.
Finding reliable suppliers for your distribution business is crucial for online B2B trading websites like Tradewheel.com, a general online US-based trading website where all your hair products sourcing needs would be taken off by international suppliers and manufacturers effectively.
BeauteTrade.com is a reliable platform for distributors seeking an exclusive hair care product directory. It offers various brands and companies a wide range of high-quality products in bulk and at cost-effective prices.
Once you find reputable brands and companies for product distribution, inquire about their products and check out various certifications for authenticity. Ask for sample products to evaluate their high quality. Connect with the previous clients of the suppliers you want to do business with to ensure your satisfaction, and then seal the final business deals with them.
To build a business distribution network, you need to connect with salons, retailers, or end consumers you want to do business with. You can also set up your business on the online e-commerce sites mentioned above, like Tradewheel.com and BeauteTrade.com. Such platforms have access to the extensive buyer's directory. You can create your seller's account, list your products, add hair care product descriptions for buyers' ease, and explore the buyer's directory to connect with interested buyers for long-term business dealings.
Attending tradeshows and exhibitions also benefits hair distribution business startups as these shows are exclusive to the specific industry. People interested in hair care product niches attend these shows from all over the globe to source their desired products. You can give them live demonstrations of your products and show them sample products for quality assurance.
B2B websites offer inventory management tools for distributors to keep track of their product inventory and avoid inventory shortages. You can connect with various hair product dropshipping companies for smooth and timely delivery of the products. Suppose you are a hair distributor from home. In that case, you can save on warehouse costs, but if you are a well-established distribution company, ensure that your storage facility is secure and climate-controlled for the safety of the products.
Digital Marketing plays a vital role in promoting your business. Social media is a powerful tool every company uses to promote its products. It includes Facebook, Instagram, and LinkedIn. According to research, these platforms have the highest user engagement, which can benefit your business by connecting with potential buyers and attracting related audiences.
Furthermore, you can offer deals and discounts to bulk hair product buyers so they will revisit your website to restock inventory.
Good customer service is satisfying your customers' queries and questions by promptly answering them. Asking for feedback on your hair care products will help you learn about your business's weak areas and strengthen them.
Attend industrial events and training to stay informed about the latest trends and products. Continuously update your product line to meet customers' demands. Monitor your competitors to improve your business strategies.
If you are looking forward to starting your hair care business, this blog is a must-read. It covers all the essential steps you should know when entering this business line. The hair care industry is growing, and if you want to become a successful distribution business soon, this guide will help you achieve your goals.
