What business ideas can you come up with in the beauty and fashion industry? The beauty industry is a booming industry right now, bringing in an estimated $63.3 billion in revenue in 2016. The fashion industry is also worth a whopping $1.2 trillion, which is more than the GDP of all of Africa combined. We’ve compiled a list of different business ideas in the beauty and fashion industries to get you thinking about what you might want to do.
Beauty and Fashion Business Ideas
Do you think you can come up with the next big thing in beauty or fashion? Here are some of the best and most unique business ideas you can come up with. Soap and Detergent Making your own beauty products is one thing, but it’s another to make your own personal care products to take home for yourself. No doubt there are some on the market that claim to do this, but many are not safe for everyday use. If you’re interested in taking your passion for making your own beauty products to a larger scale, check out these DIY beauty products. Skincare Everyone has different skin and skincare needs. However, it can be hard to find a product that’s free of harmful chemicals or ingredients. That’s where you step in.
Create a makeup line
In a research study published by Contribution to Political Change, they found that making and selling your own makeup is one of the most financially lucrative jobs that women can have. This was because they interviewed women in different age groups across the world, asking them about their income and earnings. In the study, it was found that it’s one of the few industries where women earn more than men. Eminem has been in the business of selling his own makeup for quite some time. He has made a fortune in the industry and is probably one of the most successful artists in the business at the moment. Become a makeup artist The good news is that makeup artists in the beauty industry can earn as much as $30,000 a year, just in the United States.
Create a clothing line
One of the easiest ways to start your own clothing line is to make something already available on the market. The market is filled with generic clothing brands that sell pieces similar to one another. Take Vans for example. People know their shoes when they see them. The same can be said for Nike, Levi’s, Forever 21, H&M, Gap, Urban Outfitters, or any other established clothing brand. The next time you see a black and white pair of sneakers you like think about making those black and white kicks your own. The second best thing you can do is to go into retail. These stores carry brand names and generic clothing. If you’re not sure what you can sell, consider selling jeans. Most people buy a new pair of jeans a couple of times a year.
Create a hair salon
More and more women are going for natural hair, however, they want a salon experience where they can cut, color, and style their hair. This is a great business idea, whether you just want to run a hair salon or offer it as a business. Live your passion From makeup artists to stylists to nail techs, women love going to beauty salons and fashion boutiques, and it’s a safe bet that they’ll love a chance to run their own business, like beauty guru Emily Bishop did with her company Couture Makeup House. Be your own boss If you can’t find the job you love or simply want to be your own boss, working in the beauty industry might be just the way to go.
Sell beauty supplies
Selling beauty supplies to salons and beauty professionals can be a very lucrative business, depending on how well you do at marketing. Some brands pay you by the order, which gives you a lot of control over your pricing and keeps you in control of your profits. You’ll have to be in tune with the latest trends and be able to easily understand what customers want. The beauty supply business can be an excellent option for someone who needs to earn a little extra money or perhaps work from home. You can set up an Etsy shop to sell your products, or you can sell your items on another site, like Temptalia. Make custom fragrances One of the most famous brands in the perfume business is Estee Lauder, which makes over $3 billion in perfume sales each year.
Sell beauty and fashion accessories
Beauty and fashion accessories can bring in a lot of money, especially if you can come up with an interesting and unusual accessory. Whether it be a nail art kit, colorful hair tie, or a nice pair of heels, accessories can be a great way to boost your sales. You can also sell things like clothes, fragrances, makeup, and accessories that go with other accessories. In the beauty industry, you can also sell cosmetic bags. It’s great if you can make your own or find something you like online, but many businesses are starting to use cheap production lines. Run an online fashion and beauty blog As an online fashion and beauty blogger, you can create a website that focuses on sharing new products, trends, and everything in between. You can also focus on lifestyle and beauty tips for women.
To sum up, Drops Shoppers are always looking for products that offer them the benefits of organic products, along with the fun of products made by hand. This is the reason the Petal Drops brand has managed to become such a successful company. Fashion Bloggers Not all blogging jobs have to be boring. In fact, many of the successful fashion bloggers out there have been able to parlay their online presence into successful careers as models and designers. Celebrity Gossip Blogs We love to gossip, and people love to read about other people’s gossip. There are tons of celebrity gossip blogs out there, many of which are written by bloggers who have built solid followings.