Have you long contemplated on considering to open up a lash franchise? One of the best methods to make a good living, exercise your artistic abilities, and become your own boss is to start your very own lash franchise.
To start a good lash franchise, you’ll need to take a few moves. You must include considerations such as start-up expenses, licenses, and much more.
Here are few suggestions on getting your latest lash company off the ground.
Tip#1: Do your homework and research for state requirements in opening a lash franchise
Because the lashing industry is a new one, each state has its own sets of rules when it comes to opening up a lash franchise.
To provide eyelash extension services in certain jurisdictions, you must have a cosmetology or esthetician card, while there are some who don’t require it. There are also states that will give you a permit depending on the number of years that you have been studying for the business. There really is no hard and fast rule; it all depends on where you live.
Contacting the state regulatory board by visiting their page is the easiest place to learn about their criteria.
Tip#2: You must set a target income for your new lash business
You must prepare for earnings in able to commence a profitable company. When you don’t have a company yet, it may be intimidating (and exciting!) to worry about profits, so making a strategy can help you establish practical targets so you don’t waste so much money on your new endeavor.
Here’s how to figure out what your income goal should be:
First, take into account all of your start-up costs, and these usually include:
- Certifications for Lash Courses:The cost of such items may differ greatly. You would want to invest in a high-quality course by a respected artist and professor who meets your needs. Keep in mind that the price is most definitely linked to the course’s content.
- Cost of business registration and license: The cost of this varies by territory, but it is normally several hundred bucks.
- Insurance costs for your business: A must-have amongst all artists, particularly if you’re performing a personal service in people’s eyes. Company insurance rates differ, although there is usually a nominal monthly premium.
- Cost of necessary equipment for lashing: Along with establishing a new business is to procure a lot of equipment for your startup. This equipment may include the following:
- Decorations for your studio if you are setting up your own studio
- Supplies for your lashing services such as lashes, tweezers, adhesives, etc.
Next, calculate the amount of income you would be able to earn. This is the amount of income you want to make in the future. To find out how much money you’ll earn in the future, consider:
- The professional fee that your eyelash extension artist is going to charge per set
- The quantity of the sets that you can offer per day and per week
Lastly, you will have to determine what your monthly costs are going to be. Some of these monthly costs might be the following:
- How large you want your rental space is going to be especially if you want your own studio
- What overhead costs are you going to incur like electricity, advertising, booking software, and many more
- The cost of the supplies that you are going to need
Tip#3: You have to learn the art of eyelash extensions
You’ve crunched the figures and come to the conclusion that yeah, yes you want to open your own lash franchise. It’s now time to hone your lashing skill sets.
You can study in a respectable training program. Your lashing profession will or may not be determined by the course you undertake. Pick the ideal instructor by doing research. Many performers enroll in a class just to discover that it isn’t up to standard so they end up spending large sums of money on a talent that they can never use!
Some tips in terms of researching for lash extension courses:
- Each eyelash extension artist has their own distinct style. Some people perform straight-line pieces. Any companies are interested in large-scale production. Some people build wispy collections. Look for those whose job you respect and learn them.
- Each eyelash extension course is structured differently. Some artists, for example, can continue to assist you once you’ve finished your course. There are also some other people who only take two-day crash courses, and each of these learning methods has advantages and disadvantages. The most critical aspect would be to get a program and tutor that suit your needs and schedule.
- Choose a lash educator that you enjoy working with. Of course, you should only learn from those who are enthusiastic and eager to contribute.
Tip#4: Know what you want for your lash studio setup
The presentation of your lash studio is the greatest first impression and representation of your company. You only want your clients to feel secure and at peace, in your studio, so they can return… and, much better, recommend your lash services to their mates!!
If you want to choose a home/personal studio setup, here are the pros and cons:
- You are your own boss, so you will be in charge of setting your own hours, schedule, and many more.
- You are in charge of setting your commute, and since you are at home, your cost to commute is zero.
- It is all up to you how big you want your lash business is going to be.
- You will have to do everything from setting up appointments to promotions, and many more.
- You may find it hard to have a work-life balance especially when you have your own studio in your house.
If you want to choose a beauty salon setup for your lash business, here are the pros and cons:
- You will not have the burden to maintain your own workplace
- You will no longer be burdened with promotion, bookings, and many more because the studio will be taking care of that.
- You will have the community because you are working with other lash artists.
- You will not have much flexibility with your time because you will have to work within the hours of the studio and follow its rules.
- You are no longer your own boss.