Post by Trade facilitator on Apr 14, 2019 21:41:07 GMT 1
Hair extensions or hair weaves are human or artificial hair utilized for the integration with one's natural hair to add length or fullness to it. They are usually clipped, glued, or sewn on natural hair.
Hair extensions can enhance one's hair by giving it volume, length and adding color without the damage of chemicals or adopting a different hair texture.
Market for Hair Extensions
The market for hair extensions especially human hair is booming because millions of people, predominantly women, are demanding for it.
Recently, hair extension especially human hair has significant commercial value. Wigs and hairs in various shapes, colours and sizes have become the latest fashion trend.
Hair extensions are heavily demanded.
The massive demand for hair extensions especially in Africa has made a lot of entrepreneurs and investors very rich.
Every year, the value of trade in hair extensions and other hair products like shampoos, relaxers and hair creams in Nigeria, South Africa and Cameroon is over $1 billion and growing quite rapidly.
Aside the fact that hair extensions are the vogue and they add some greatness and elegance to one's look, African natural hair is fragile (breaks easily) and can be hard to deal with. Also, there’s a raft of evidence that proves that Afro-textured hair is notorious for coarseness (which can make it difficult to comb).
On the other hand, hair extensions are softer and easier to style.
Exporting Hair to other countries
There are many indigenous hair industries in Nigeria. You can buy in large quantities directly from the companies and resell or you may buy in small quantities and increase your stock as you progress in business.
Human hair are majorly imported. After sourcing for good and reliable channels to get your supplies from countries like China, India, Malaysia etc, you can then resell to your contacts in other countries, especially in Africa where they basically rely on import of the product.
In this social media age, you can utilise the different channels of the internet to market your product and be assured of adequate publicity and good market response, giving you good sales and positive returns on your investment.
Capital Required
Hair extensions business does not necessarily have to be capital intensive, you can start up with what you have. Many entrepreneurs in the business started by buying one hair and reselling to another person at a good profit, while buying more as the business grows.
Depending on your capacity, you can start the business with as low as 15,000. You can start by selling to people around you, then advance to export your product with minimal stress and make huge profit.
