How to Start a Beauty Supply Store

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(Image: makeup image by max blain from Fotolia.com)

A beauty-supply store is the perfect business venture for persons with a passion for hair, makeup and other beauty products. Like most businesses, a beauty-supply shop requires time and money. Before launching the business, do your research and make sure you have all the necessary components.

Things You'll Need

  • Business license
  • Business plan
  • Small-business loan
  • Location
  • Wholesale supplier

Take business courses. You don’t need a college degree to open a beauty-supply store, but you need some business knowledge. Study business financial management, inventory control, budgeting and entrepreneurship.

Work in a beauty-supply store. Before starting your own beauty shop, find employment with a local beauty-supply store or other retail store. Learn the ins and outs of working in a retail setting, understand customer service and learn about your competition.

Find a location for the business. Situate beauty-supply stores in a busy area. Choose a location that receives a lot of foot traffic--perhaps a strip mall.

Write a business plan and obtain a license. Since you’ll likely need to apply for a small-business loan, create a business plan. Write the plan yourself or hire a professional. Visit your local city hall and apply for a business license.

Get a small-business loan. Every business requires start-up capital. If you don’t have cash on hand, apply for a loan. Check your credit score beforehand and make improvements to it if necessary.

Choose a supplier. You’ll need to stock the beauty-supply store with hair products, makeup and accessories. Research different beauty suppliers and pick the one that offers the products you want to carry at reasonable wholesale prices.

Tips & Warnings

  • The cheapest wholesaler is not always the best. Customer service, reliability and good credit terms are more important.

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