Do your research:
Before starting any business, be sure to do your research and see if the concept of opening a beauty supply store is feasible. Check other beauty supply stores to see what types of products they offer.
Make business plan:
Make a proper business plan to help you stay organised. This can help you with the banks if you are looking to get financing or investments. Remember to put in all the key points that you feel are important for your beauty supply business.
Develop business model:
Decide what type of customers you want to target and the types of products that you want to stock or sell in your beauty supply business. The type of customer you are looking for will determine the way you conduct your business.
Search for proper location:
Look for a lucrative location to open your beauty supply business. If you are not targeting walk-in customers then you can always get a location away from the main roads to save money. Do not open your beauty supply business in an area that is already saturated with the same type of business.
Once you have gotten your location, it is very important to organise your suppliers. You will need high quality beauty supply products so make sure that you deal with reputable suppliers that have a good track record.
Develop internet presence:
Be sure to put your beauty supply business online to help you get more business customers. Allow your customers to place orders online and use their credit cards.
It is important to hire people that have some knowledge of beauty supply products. Only hire those people that have decent experience in this field.
Advertise your business:
To gain customers you should advertise as much as possible in different beauty supply newsletters and websites. You can also advertise in the local newspapers and even on television.