In most black nations of the world including Nigeria, hair extension and wigs are unarguably the most sought after hair products. This is due to the widespread preference for a long, straight hair as opposed to the short and kinky nature of the african woman. This taste has created a huge market for these products over the years.
Many people spend a lot of money on wigs and weave-ons. You'll be shocked to know that some of these products goes for as high as N300,000 per pack!
Types Of Human Hair Extension
==> Brazilian Hair
==> Peruvian Hair
==> Malaysian Hair
==> Indian Hair
==> Chinese Hair
==> Synthetic human hair
==> Expression attachments
==> Amigos attachments etc
They come in varieties of length, colour and brand.
One of the good aspects of this investment in Nigeria is the presence of little or no price regulation. Price varies from place to place. You may decide to set your own price based on the financial status of your potential customers as well as your locality. Price of hair extensions also depends on the length and thickness of the hair. In Nigeria, getting these products from the open market is way less expensive than buying from a boutique. Prices range from $20 (N3,000) to $200 (N30,000) a pack.
How To Start Making Money From Human Hair Extension Business
==> Take some time to learn about weaving and other applications of human hair. This way, you can understand which hair is best for different types of extensions braids and weaves.
==> Do a general market survey for the prices and size of your market.
==> Look for a supplier with good price.
==> You may also shop around online using online stores like Amazon, Alibaba and Aliexpress.
==> Be ready to travel to China or Indian so you can negotiate for a better price on bulk purchases.
==> When you buy in bulk, you get good deals.
==> Import your goods into the country and do the necessary clearing.
==> Find a shop or warehouse, strategically located, where you resell to wholesale distributors, retailers and end users at a good profit margin.
==> Nobody gets to know about a business that is not promoted. So, adopt various marketing strategies in order to spread word about your hair selling business.
Whether you are already in this business or interested in starting, feel free to share tips or ask questions below.