august 009 - Stylist and Salon Newspapers
august 009 - Stylist and Salon Newspapers
august 009 - Stylist and Salon Newspapers
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<strong>Salon</strong> Profits with New Services<br />
By Craig Black<br />
We all know the economy is being battered<br />
from all sides <strong>and</strong> it is getting more difficult<br />
for salons to survive. As smart business professionals,<br />
we’ve cut our expenses to the bone,<br />
pushed customer service to the limit, <strong>and</strong> yet it<br />
seems difficult to make any forward progress.<br />
Any rainy day fund we still have is being<br />
washed away by the economic monsoon. That<br />
pressure you’re feeling, which sometimes borders<br />
on panic, is you being pushed out of your<br />
comfort zone. All of the familiar solutions<br />
that have worked in the past; specials, add on<br />
services, <strong>and</strong> discounts are no longer bringing<br />
the reward they once did. At this point we<br />
start to ask ourselves what am I missing? What<br />
is the solution? And is my business going to<br />
survive this?<br />
Okay, that’s enough gloom <strong>and</strong> doom.<br />
I’m writing this article to give you hope <strong>and</strong><br />
encouragement, <strong>and</strong> also, to lead you to what<br />
may be the answer to the problem, how you<br />
can make more money. If after a long, tough<br />
week, when you’ve had a little too much<br />
chardonnay <strong>and</strong> you start thinking about<br />
using Aunt Martha’s cookie recipe to open a<br />
bakery in the back of the shop... don’t go there!<br />
Instead, pursue the most likely path to success,<br />
by advancing forward in the profession you<br />
know so well.<br />
What if you were challenged to generate<br />
extra profit for your salon? How would you<br />
begin? Your first instinct may be to consider<br />
the usual suspects. By that, I mean ideas such<br />
as raising your prices, working longer hours,<br />
hiring additional staff or adding a new service.<br />
Each idea has its merits, but they all have definite<br />
limitations <strong>and</strong> are not likely to generate a<br />
big return for the average salon.<br />
Keep in mind that anything you must<br />
do yourself is inherently limited by the time<br />
required for you to perform the service. If you<br />
incur more payroll by hiring it done, then it<br />
will return only a small net profit, if any profit<br />
at all. What you really desire is not just extra<br />
income, but extra profit. You want to keep<br />
some of that money for yourself, right?<br />
Let’s look more closely at the idea of<br />
adding a new service. It’s true that some<br />
services are more profitable than others, <strong>and</strong><br />
our instinct may be to stop doing one thing<br />
to do another. You might think, “If I do more<br />
chemical services <strong>and</strong> fewer haircuts, or if I do<br />
some high-end service, such as hair extensions,<br />
I can generate more income.”<br />
This may raise your income slightly, but<br />
you are still just exchanging one service for<br />
another <strong>and</strong> possibly increasing the supply cost<br />
per service at the same time. You are on the<br />
right track, but not quite there.<br />
To find the answer to producing added<br />
profit, let’s approach this challenge from a<br />
different direction. Ask your self this question,<br />
what features would a new service need to<br />
have in order to measure up?<br />
To make significant extra income with<br />
a high level of profit, here are the features a<br />
service should have.<br />
• a service that produces income while you<br />
do something else.<br />
• a service that doesn’t require more staffing<br />
or employees.<br />
• a service that has a large potential market.<br />
• a service that does not consume expensive<br />
supplies.<br />
• a service that produces significant fees,<br />
while still affordable to clients.<br />
• a service that doesn’t require new skills,<br />
h<strong>and</strong>s on training, or a special license.<br />
• a service that is easy to incorporate into<br />
your existing salon without construction,<br />
wiring or plumbing.<br />
To do all these things, we may need a<br />
service that has never been offered before in<br />
salons. In fact, we need to create a whole new<br />
service category. While it may seem unlikely,<br />
that any one service could incorporate all those<br />
features, such a service does exist, it’s called<br />
“Laser Hair Enhancement.”<br />
The laser hair enhancement service fits<br />
perfectly in a salon setting. No one knows<br />
more about hair than the salon professional.<br />
You are the person they will turn to when they<br />
have concerns about thinning hair <strong>and</strong> for<br />
the first time you will have a solution for the<br />
problem. It’s not complicated. Some foundation<br />
knowledge is necessary to provide a good<br />
client consultation. This training is provided<br />
with the laser equipment.<br />
How big is the market for a service that<br />
provides a solution for clients with thinning<br />
hair? The desire for thicker hair is universal;<br />
it transcends every age, sex <strong>and</strong> race. It is estimated<br />
that 70 to 80 million men <strong>and</strong> women<br />
in the United States suffer from a significant<br />
amount of hair loss today.<br />
Laser hair enhancement has a huge potential<br />
market, uses no supplies <strong>and</strong> only takes a<br />
minute of your time to provide the service.<br />
The equipment requires no installation <strong>and</strong> is<br />
as easy to use as a hair dryer. The new service<br />
can produce significant additional income with<br />
just a few clients in your program.<br />
If you are serious about wanting to create<br />
more income for yourself, you may need to<br />
move out of your comfort zone <strong>and</strong> explore<br />
new options <strong>and</strong> opportunities. Laser hair<br />
enhancement is the first truly new service<br />
offered to our profession in a very long time.<br />
There has never been a better time to add laser<br />
hair enhancement to your salon <strong>and</strong> begin to<br />
reap the profits.<br />
Craig Black is president of <strong>Salon</strong> Lasers, Inc. a distributor for Hair Enhancement<br />
Laser equipment. For more information on this subject, visit his company<br />
website www.<strong>Salon</strong>Lasers.com, or call 866-646-9050.<br />
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12 | AUGUST 2<strong>009</strong> | CALIFORNIA STYLIST & SALON