Today, I’ll be showing you how hair vending machines can play a crucial role within your business. To be blunt, no matter the beauty business, a vending machine fitted with the right products can help you supplement your income.
If you own a hair salon, you know exactly how it goes; one day will be up, while the next may be down. Even the best businesses face temporary lulls in income, but what if there was a way around this? I know exactly how to solve this, and the answer might surprise you.
So now that you know what you’ll be looking at, I hope I have your attention because it’s time to learn all about how hair vending machines can be of service to you.
Leasing or buying hair vending machines
Before I get into just how effective hair vending machines can, I want to set some time aside to speak to you about your options. This is due to the fact that there are a few ways to go about obtaining a vending machine, and it depends on your goals.
Leasing hair vending machines
When you lease a vending machine, think about this process as renting out an area of your business. A company will come in, set up the machine, and be on their merry way. This is a great way to earn some passive income, and there are plenty of companies out there ready and waiting.
Now, while it may net you a profit, let me be the first to tell you that those profits are going to be slim. Why? Because it’s not your machine, and you’ll only get a percentage of the actual profits.
Buying hair vending machines
In my opinion, for a hair/beauty salon at least, buying a vending machine is a much better option.
Let me explain why:
Sure, it might cost you upwards of $6,000 depending on the machine, but the profits will pay for themselves. Trust me, hair vending machines in the right location will make you plenty of money.
You want to know what the good news is? That right location is your beauty/hair salon. Think about it; people already have an interest in your service if they’re shopping with you, so why wouldn’t they get the products they need all in the same place?
What should I stock in hair vending machines?
Now that you’re thinking about getting your hands on a little money maker, you’re probably curious about what products you should choose. Don’t panic, though, because I’ll give you some good ideas.
Hair related products
Now, if you own a hair salon, this is definitely a given. If you’ll be using hair vending machines, be sure to carry hair related products like:
- Hair dye
- Hair spray
These are only a few ideas, but you see what I’m getting at, right?
Having body creams is also a great idea, and friendly for any beauty oriented business. Here are some ideas for you:
- Face moisturizers
- Edge Cream
- Shaving creams
- Exfoliating creams
- Foot cream
- Hand cream
When it comes to these products, please, feel free to get creative.
Accessories is a broad term, and that’s due to the fact that so many different types exist. Now, for hair vending machines, you’ll want to stick with products like:
- Fake eyelashes
- Hair extensions
- Stick-on nails
- Makeup items
Like I said earlier; feel free to get very creative with this.
What products work the best in hair vending machines?
Now I’ve shown you the products, you’re probably wondering which route is the most profitable one. This is understandable, but what if I told you that you should carry a wide variety?
So instead of just carrying hair products in hair vending machines, why not throw some accessories and creams in as well. Think about it; the more product diversity you have, the better your chances of creating a sale can be.
Hair vending machines are definitely something of a hidden gem within the beauty industry. It’s something that not a lot of people think about, but I hope that I have you thinking about it.
Vending machines may seem useless, I get it, but the second you have one you’ll immediately notice the difference. Even if you only make an extra $50-100 each day, which is the average in high traffic areas, that’s almost another $3,000 in income for your business.
So what are you waiting for?