How to Start a Turnkey Wig Business Store Online

Wigs allow people to quickly change their look

Wigs allow people to change their look quickly. There are synthetic and natural wigs that people can wear as a temporary hairstyle or people may want to wear wigs for a long-term solution to thinning hair. Wigs are a convenient and cost-effective way of maintaining your hair. Starting a wig store online allows customers to shop for wigs in the comfort and privacy of their own home while having a selection to choose from that may not be available at their local wig shops.

Instructions

1. Obtain a domain name. A domain name is the address the people type into their browser in order to reach your store (yourwigstore.com). Domain name registrars can charge anywhere from $1 to $14 or more per year.

2. Purchase web hosting for your online store. A web host has multiple servers that are able to contain the traffic that will come to your website as well as the memory of all the images and information that will be on your site. Web hosts can charge from $3 and up per month depending on the amount of memory and traffic you have. Start small with an inexpensive web host and later the Web host will inform you if you need to purchase more space as your business grows.

3. Obtain an EIN from the IRS. An EIN also known as an employer identification number allows you to open a business account, hire employees and establish business credit. In order to purchase your wigs wholesale you may need to have a EIN number to prove you are in business.

4. Locate any wig suppliers that drop ships. The drop shippers will deliver the wigs to your customers on your behalf, yet your customers will not know it is coming from a third-party supplier. You can locate wig suppliers that dropship either by contacting your local Chamber of Commerce or visiting online import export sites like EC21.com or Tradekey.com. Many of these suppliers provide their wigs from overseas so you will get them at a low cost.

5. Hire a web designer to create your website. Freelance web designers can be found at sites like Elance.com and getafreelancer.com. Based on your budget, freelancers from around the world will bid on your project. Select a web designer that specializes in creating e-commerce websites.

6. Obtain a merchant account. A merchant account allows you to accept credit cards for online payments. Contact your local bank to apply for merchant account or you can use third-party merchant processors like PayPal and Google checkout.

References

• Pcmag: Choosing a Domain Name Registrar
• Merchantexpress: How to Choose a Merchant Account Provider
• Thesitewizard: How to Choose a Web Host

Resources

• IRS: Employer ID Numbers (EINs)
• Humanhairwigs: Wholesale wigs