If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Makeup Artist Business Name Generator What will you name your business?Ĭhoosing the right name is important and challenging. Finally, make sure that you rotate your advertising and your services to reflect certain high seasons for makeup (such as Homecoming, Prom, and even Halloween). If it is within your skill set, try to diversify your business: being able to do both hair and makeup, for instance, makes you twice as marketable. How can you make your business more profitable?Īs your business and your own experience grows, don't be afraid to increases your prices. A makeup artist performing 49 or more makeovers a week, for instance, will have a six-figure salary before taxes, though realistically, it will take time to set up a regular stream of new and returning customers. The amount of profit you can make depends on the exact number of customers you have and the exact services they request. How much profit can a makeup artist business make? For all of your prices, be sure you have researched your local competition and are not over (or under) selling yourself. For instance, you may offer basic makeovers for $39.99, more specialized makeovers (such as for Prom) for $59.99, and more extravagant makeovers (such as for a wedding) for $194.99. How much you can charge customers varies significantly because of the variety of services that makeup artists offer. You may also make money by selling makeup and makeup supplies. Primarily, a makeup artist makes money by charging fixed prices for a variety of different makeup services. How does a makeup artist business make money? While people of all genders and ages may want your services, your primary demographic will be young women between the ages of fifteen and thirty. Once you have your initial makeup and supplies, your only real ongoing expenses will be advertising (likely $200 or less per month), additional makeup and supplies ($150-$200 a month), and the cost of gas for any travel that you do (which will vary). What are the ongoing expenses for a makeup artist business? While you can start your business by purchasing less than $5,000 of supplies, it is important to remember that the more supplies you have, the more services you can offer. Your supplies will include various exfoliants, self-tanners, emulsifiers, and many more. The remaining $5,000 goes towards purchasing new makeup and makeup supplies, including a variety of foundations, eyeshadows, lipsticks, and more. Five hundred of that amount goes towards paying for the design of a professional website, while $2500 should go towards traditional advertising to let your community know about your grand opening. In that case, you can start your business for $8,000 or less. This is because if you are willing to travel to clients' homes or businesses or allow them into your own home, you will not need to pay the costly overhead and utilities of a business lease. One of the best things about a makeup artist business is that it has a relatively low starting cost. What are the costs involved in opening a makeup artist business? Luckily we have done a lot of this research for you. What are the startup and ongoing costs?.It will help you map out the specifics of your business and discover some unknowns. STEP 1: Plan your businessĪ clear plan is essential for success as an entrepreneur. Exploring your options? Check out other small business ideas. These steps will ensure that your new business is well planned out, registered properly and legally compliant. We have put together this simple guide to starting your makeup artist business. There is more to starting a business than just registering it with the state.
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