Nail Salon
Startup Costs: $2,000 - $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? No
THE BRIEF:
Passionate about miniature art and nail maintenance? If you’ve got experience with manicures and pedicures, running your own nail salon -- or operating a manicure/pedicure service on-the-go -- could be a worthwhile business venture. Your customers could include busy professionals, companies looking to impress clients, event planners and just about anyone else looking for a terrific in-home or in-office nail service. Providing your clients with exceptional service could guarantee you a comfortable income and loyal clientele for many years to come. To boost your revenue, you can also sell nail polish and other relevant products to your clients.
ASK THE PROS:
How much money can you make?
In 2017, nail technicians made a median salary of $23,230, with the best-paid 25 percent making $27,040, according to U.S. News & World Report. In terms of running your own nail salon, MyNailBusiness.com pegs potential profits between $40,000 and $75,000 annually.
What kind of experience do you need to have?
“For me, nails are always the first way I relax: It's a weekly ritual for me, and I think most women agree with that or can relate to that. Even if I do my nails myself, it's very meditative and is the moment of me doing something for myself. It's also a creative practice.” -Cyndi Ramirez-Fulton, Chillhouse, in an interview with Teen Vogue
What’s the most important thing to know about this business?
“I essentially wouldn't have a business if it wasn't for [Instagram]… It's like a real-life focus group. So I think people don't realize the power of the data that you can gather up for your customers and fans and followers. I don't think they understand that is a channel to show your brand's personality. And I don't think they understand that it's an incredible customer acquisition tool. People want to be part of a community.” -Sharmadean Reid, WAH Nails
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