10+ Best & Profitable Beauty Business Ideas [2023]

Launch your entrepreneurial dream this year with these 10+ best and profitable beauty business ideas for 2023. Get inspired to start your own beauty business today with our easy-to-follow tips and tricks for success. Start living the life you've always dreamed of!
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

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Hey there, future beauty mogul! Are you ready to take 2023 by storm? We know you have the passion, the drive, and the creativity to make your mark in the beauty industry. Now, all you need is that golden idea that will catapult you to success. But coming up with a unique, profitable business idea in the ever-evolving beauty world can be daunting, right? Well, don't you worry, because we've got you covered!

Whether you're a seasoned beauty pro or an enthusiastic newbie, this article is your treasure trove of inspiration. We've put together a list of over 10 of the best and most profitable beauty business ideas for 2023. These ideas are not just profitable; they are innovative, exciting, and have the potential to make a real impact. They will not only help you turn a profit but also make your beauty business a force to be reckoned with. So, are you ready to dive in? Let's get started!

Makeup Artist

A Makeup Artist is someone who specializes in applying and enhancing a person’s facial features by using cosmetics and other beauty products. Makeup Artists can help people to look their best for any occasion, from a night out to a formal occasion such as a wedding. It is an excellent business idea because:

  • The job involves creative elements, making it appealing to many people
  • It allows for versatility, providing services for all types of occasions
  • Makeup Artists should be able to build rapport with clients which can result in referrals and repeat customers
  • It can be operated from the comfort of your own home
  • Makeup artists can work independently or become part of an established company
image of a Makeup Artist

Esthetician

An Esthetician is a licensed skin care professional who specializes in helping people enhance their appearance. Estheticians provide skin treatments, removal of unwanted hair, facials, make-up applications, body treatments, and other services to enhance personal beauty. Estheticians are well trained in skin care and have a good understanding of how the skin works.

  • Provide specialized skincare treatments
  • One-on-one consultations with clients to develop individualized treatment plans
  • Perform manual extractions, chemical peels, dermaplaning and other advanced treatments
  • Possesses knowledge of the ingredients and treatments used in esthetic services
  • Recommend products and services for clients to use at home for maintenance
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Examples of successful businesses:

The beauty business industry is very competitive and expansive. Many companies have been successful and have grown their brand internationally. Examples of successful companies in the beauty business industry include:

  • L'Oréal
  • Estée Lauder Companies
  • Shiseido
  • Procter & Gamble
  • Unilever
  • Kao Corporation
  • Beiersdorf AG
  • Coty Inc.
  • Avon Products, Inc.
  • Amorepacific Corporation

Hairdresser

A hairdresser is a professional who specializes in cutting and styling hair. Starting a hairdressing business could be a lucrative venture, as it offers an entrepreneurial opportunity to bring beauty services directly to your clients. Here are some advantages that hairdressing businesses can offer:

  • Low startup and maintenance costs
  • High demand for services
  • Opportunity to specialize in a certain area of hairdressing
  • Ability to build a client base quickly
  • Flexible work hours

Cosmetologist

A cosmetologist is a professional who specializes in beautifying the human body through hair care, nail care, skin care, and makeup application. It is an ideal business idea because of its multitude of services and ability to cater to a wide variety of clients.

  • Cosmetologists can provide a range of services from haircuts to highlights and permanent makeup.
  • Specializing in different techniques, such as coloring and styling, allows the business to be more competitive.
  • Cosmetologists are able to serve people from a variety of backgrounds and age groups.
  • The demand for cosmetology services is relatively consistent throughout the year.

Manicurist

Manicurists provide beauty treatments to the hands and feet, usually focusing on manicures, pedicures and nail art. Manicurists use a variety of techniques and products, from nail polish and acrylics to gel manicures and waxing. Starting a business as a Manicurist can be an excellent business idea for many reasons:

  • It does not require a large capital investment.
  • You can work flexible hours, making it ideal for those with family commitments.
  • You can choose to work out of a salon or start your own business by providing mobile services.
  • There will always be demand for these services as people are always looking for ways to make themselves more attractive.
  • Manicurists often develop loyal clientele who come back again and again over time.

Fragrance Specialist

A Fragrance specialist is a type of business that specializes in selling and recommending fragrances for customers to use. These businesses can be found both in retail stores and online, catering to a wide variety of customers’ needs and preferences. A Fragrance specialist could make a great business idea as it offers:

  • The opportunity to create unique products tailored to individual customers
  • The chance to develop and market products that are trending in the industry
  • A chance to capitalize on the popularity of luxury fragrances
  • The opportunity to create an online presence through social media and websites
  • The potential to expand into related product lines, such as scented candles or body lotions

Natural Beauty Product Seller

Starting a natural beauty product seller business is a great idea for entrepreneurs looking to start their own business. Natural beauty products are becoming increasingly popular in the market, as they offer customers with a healthier and ethical alternative to standard beauty products. Natural beauty products offer customers with effective and safe ingredients that are free of harsh chemicals. Here are some reasons why starting a natural beauty product seller business would make a good business idea:

  • The demand for natural beauty products has been steadily increasing over the years;
  • Natural beauty products offer customers an ethical and healthier alternative to standard beauty products;
  • Natural beauty products are generally more affordable than their conventional counterparts;
  • Starting a natural beauty product seller business requires minimal overhead costs.

Cosmetic Product Seller

A Cosmetic product seller is an individual or business entity that specializes in the sale of makeup and beauty products. This type of business can be highly lucrative due to the growing demand for beauty and cosmetic products in many markets. Some advantages of running a cosmetic product seller include:

  • Low startup costs
  • The potential to create a wide range of product offerings
  • Income potential due to higher profit margins on beauty products
  • Opportunities to build relationships within the beauty industry
  • Marketing opportunities through social media and other channels

Lash Technician

A Lash Technician is a professional who specializes in applying eyelash extensions, tinting, and perming. Eyelash extensions are semi-permanent fibers applied one at a time with individual synthetic eyelashes, giving the client longer and thicker lashes. Lash technicians also offer tinting services to enhance the color of the lashes and eyebrows. Lash perming is another service offered by lash technicians which helps curl the lashes for extra volume.

  • Low startup costs
  • High demand for services
  • Can be flexible with hours of operation
  • Develops relationships with clients
  • Wide range of services offered
  • Opportunity to offer customized services to clients

Skincare Specialist

A Skincare specialist is a professional who provides services such as skin analysis, treatments, therapies, and advice to clients with specific skin care needs. A skincare specialist has the expertise and knowledge to ensure the client receives the best results from their treatments. This makes for a great business idea as it provides people with a service that can improve their physical well-being, self confidence, and overall appearance.

  • A skincare specialist can provide detailed skin analysis and treatment plans tailored to a client's specific needs.
  • They are able to recommend products and services that are tailored to their clients’ individual skin types, concerns, and needs.
  • Clients will benefit from experienced professionals who have the knowledge on how to professionally identify and manage any skin conditions or concerns.
  • Skincare specialists are also able to advise and provide guidance on proper skincare techniques, lifestyle changes, and other helpful tips.

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We're newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.