How to start a nail salon business in Nigeria has been a topic of great interest because of the lucrative nature of the business.
This article, therefore, brings you up to speed with a detailed step-by-step guide on how to start a nail salon business in Nigeria, how much it would cost to open a salon business in Nigeria, the necessary equipment needed to start a salon business in Nigeria, among other information about how to start a salon business in Nigeria.
How To Start A Nail Salon Business In Nigeria
Below is a detailed step-by-step guide on how to start a profitable nail salon business in Nigeria.
1. Get Experience Working In A Salon
Having a real-time and practical experience with any business you want to venture into is paramount as it helps you to make an informed decision about the business.
Before setting up your own nail salon business, you may decide to first work in a salon for a couple of months so as to get a first-hand experience of how the business model works and the intricacies of the business.
Even if you intend to hand the business over to someone who’s experienced in the field after you set up the business, it’s still of utmost importance to get a real-time practical experience of the business by yourself.
2. Draft Out A Detailed Business Plan
Every successful business begins with a carefully drafted and well-detailed business plan.
Your business plan should encompass all aspects of the business such as the location you want to establish the nail salon business, the cost of starting the salon business, who your target customers are, the menu of the salon services you’d render such as pedicure, manicure, hairdressing, among other services.
The business plan should also include how to take advantage of the weakness of your competitors, identify your possible weaknesses in the business and how to address them, how you intend to get to your target customers, how you intend to scale up your business, etc.
3. Pick A Business Name
While considering the business name for your brand, you should ensure that you pick a business name that reflects the nature of the business.
Furthermore, before you settle for a business name, you should first check if the business name you intend to settle for is still available with the Corporate Affairs Commission (CAC) or if it has been already taken and registered.
Additionally, you should also check if there’s a website with the same URL as your intended business name already.
4. Register Your Business
After you’ve done all the necessary research and found out that your intended business name is still available, the next step is to proceed to register your business with the CAC.
Registering your business would legalize your business and also make it stand out among other businesses.
Moreso, it helps to boost customers’ confidence in your brand and it generally boosts your brand image and identity.
5. Rent A Shop
While looking for a shop to rent, you should be intentional about the location of the shop as it plays a major role in the success of the business.
Ensure to rent a shop that is within your financial strength so that you’ll still have enough money to equip your shop with the necessary equipment and gadgets.
Renting a spacious shop that would accommodate your equipment and still accommodate a good number of customers at a time is advisable.
Your shop should be strategically located and easily accessible to your target customers.
6. Equip and Furnish Your Shop
Also, you should equip and furnish your shop with the latest equipment such as chairs, tables, shelves, and nail salon supplies like towelettes, sable brushes, reusable nail forms, cuticle oil, nail cleaner, toe separators, pedicure foot file, etc. as it would help to draw more customers to you.
Also, ensure to give your shop a befitting ambiance so that it would be attractive to your potential customers.
7. Employ The Services Of Experienced Nail Technicians
People would always prefer to patronize nail salon shops that have a number of technicians in so as to get their nails done as fast as possible.
Hiring experienced nail technicians to help you in your shop is ideal as it helps to enhance fast and efficient service delivery which will improve the customer service experience of your customers and draw more customers to you.
8. Advertise Your Business
Advertisement is the livewire and an essential part of every business.
You could have the best services and without creating awareness, you’d make little or no sales.
You can create awareness for your business by word of mouth, printing of banners, posters, and pamphlets, or even doing a radio commercial.
Furthermore, you can open a social media page where you’ll be promoting your business and may also decide to run a paid social media ad occasionally to boost your brand awareness.
How Much Does It Cost To Start A Nail Salon Business In Nigeria?
There’s no fixed amount of money that is required to start a nail business in Nigeria.
How much you’d need to start a nail business in Nigeria is dependent on several factors such as location, cost of choice equipment, and cost of renting a shop, among other factors.
However, starting a small to medium-scale nail salon business in Nigeria would cost about N300,000 to N900,000 depending on the factors listed above.
Is Nail Salon Business Profitable In Nigeria?
Yes. The nail salon business is a very profitable business in Nigeria.
It’s in the nature of women to want to look classy and stylish at all times and can pay premium amounts to get quality services.
However, the profitability of a nail salon business varies depending on the location, and the number of customer patronage, among other factors.
A nail salon located in a strategic location can make about N100,000 to N400,000 and even more depending on the above factors.
The nail salon business is a very lucrative business in Nigeria.
Starting a nail salon business in Nigeria is relatively easy and also pocket-friendly depending on your location and the standard you want to start out with.
This article provides a detailed step-by-step guide on how to start a nail salon business in Nigeria, the cost of starting a nail salon business in Nigeria, and how profitable a nail salon business is in Nigeria.