Are you wondering, “what’s the next big thing for young female entrepreneurs”? Do you want to start a business as soon as you graduate? Do you have a passion for helping people look their best?; If you said “yes” to all three, then the beauty industry might be the next venture for you.
The aesthetic sector is currently worth billions of dollars and continues to show promise for budding entrepreneurs driven to take advantage of this upward trend.
You may not be able to join the ranks of giants like MAC or Bobbie Brown, but the industry offers a varied range of opportunities for different interests and skillsets. You don’t have to be a makeup chemist to break into the market – you can be a freelance lash technician, a spa owner, or a beauty blogger. The choice is yours.
Today, we’ll show you three of the most accessible and potentially lucrative beauty-focused business ideas you can explore:
Become a Lash, Brow, or Nail Technician
There’s never been a better time to ride the wave of Instagram beauty trends, where lash, brows, nails have become a focal point.
During your training, you’ll learn the art and science of lash, brow, and nail care, but once you’re out there in the field, you can focus on a specialization. You can also choose to go freelance or join a beauty team, depending on your preferred working conditions. Either way, you’d want to fulfill all state licensing and regulation requirements to establish yourself as a true, bona fide professional.
Run a Beauty Blog
Do you know how much money beauty influencers make these days? A lot. And they all started the same way: blogging. Whether it’s reviews, product recommendations, and opinions on trends, content is in demand. Anyone with a decent readership could write about silicone bracelets or fridge deodorizers, and the post would go viral.
Setting up a blog is easy, and you don’t have to worry about overhead costs. The blog itself won’t make you money. It is through monetization, whether by affiliate marketing, sponsorships, or display ads, that you’ll start to see real profits. But you’ll need compelling, high-quality, and traffic-driving content to support these money-making tactics.
Once that’s sorted, you’ll have to be diligent about posting consistently and regularly across every platform you have. The road to success in beauty blogging may not be expensive, but it takes a great deal of patience and dedication.
Open a Salon
We’re putting this one last because we recognize that opening a salon is objectively the most time-consuming and most labor-intensiveventure on this list.
We recommend this to someone who’s had some experience in the industry, even if they’re not necessarily a full-time stylist or makeup artist, and someone willing to sacrifice a lot of their time to become a full-fledged business owner.
But as you know, with greater risk comes greater reward. So if you’re serious enough to take on the physically and mentally demanding process of opening and managing a physical shop, this is the best way to gain a solid foothold in the community.This comprehensive guide gives you a pretty good idea of what to expect.
The next step for you is to figure out which business idea is more up your alley, financially, physically, and mentally. Each niche will have its own set of challenges, and anticipating them is just 1/10 of this exciting journey. Whatever route you choose, we wish you the best of luck.