Should You Get A Business Loan For Your Hair Business?
I’ve heard too many stories of people getting a loan for their hair business, things don’t go right and now they are in debt.
I believe you should start your hair company with 1-3 bundles and build from there.
By doing this you are going to learn very quickly:
Is this for you?
How to sell people the hair you have on hand instead of the hair they might be looking for
How to efficiently use your profit to buy more hair, cards, and flyers.
Its like getting thrown in the deep end of the pool.
If you swim out this business is for you and its only going to have an initial cost of $200-$300.
Still Want To Get A Business Loan?
Here are a few things you can look at:
If you haven’t been operating for 2 years or more it could be hard to get a business loan.
Paypal offers financing.
You could get a grant.
You will need to show proof of income: Few Way To Show Hair Business Proof Of Income
If it’s inventory you are worried about you should look into dropshipping.
Check out this article: Best Website Platform To Use For Dropshipping Hair
This will allow you start with very little money and leverage a big companies stock of hair.