10+ Best & Profitable Wig Business Ideas [2023]

Are you looking for a creative and demanding business opportunity? Take your pick from our list of 10+ wig business ideas – from design and production to retail and styling. Get the expert guidance you need to make your wig business a success!
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

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Hey there, future entrepreneur! Have you ever considered diving into the world of wigs? Yes, you heard it right - wigs! It's a booming industry that's only growing larger every year. As we approach 2023, now is the perfect time to jump in and start your own profitable wig business. But where do you start? What kind of wig business should you open? Don't worry, we've got you covered.

Whether you're a hair enthusiast, a seasoned business person looking for your next venture, or simply someone seeking a profitable side hustle, this article is for you. We're about to take you on a journey through the top 10+ best and profitable wig business ideas for 2023. We'll not only inspire you with unique business ideas but also educate you on how to make them successful.

So, fasten your seat belts, get your entrepreneurial spirit ready, and let's explore the exciting world of wig businesses together. Ready to change your life and make a significant impact in the hair industry? Let's dive right in!

Mobile Wig Styling Services

Are you looking for a business idea in the cosmetology industry? Have you thought about starting a mobile wig styling service? It's a unique business idea that has the potential for great success in the beauty industry.

  • A mobile wig styling service brings the salon experience to the client's doorstep.
  • It eliminates the need for clients to travel to a salon or wig store for their hair styling needs.
  • This service provides the convenience of in-home appointments at the client's desired time and location.
  • It allows for greater flexibility in scheduling for both the stylist and the client.
  • A mobile wig styling service can cater to a variety of clients with hair-related issues such as hair loss, hair thinning, or medical hair treatment.
  • This business idea can cater to individuals who may not have access to a salon or are unable to leave their home due to physical limitations.
  • A mobile wig styling service can offer a range of hair services including consultations, wig fitting and styling, haircuts, and hair maintenance.
  • This business idea can also offer a more personalized and private experience for clients who may feel more comfortable receiving hair services in their own space.

Starting a mobile wig styling service may require a modest investment in supplies, travel expenses, and marketing. However, with reasonable pricing, quality services, and a professional attitude, this business can grow within a short period of time.

image of a Mobile Wig Styling Services

Wig Customization And Repair Services

Wig customization and repair services can be a lucrative business idea for individuals with an interest in haircare or beauty. This business involves working with wigs to make them look and feel natural and comfortable for their wearers.

If you're considering starting a wig customization and repair service, here are some reasons why it could be a good idea:

  • Customization and repair services cater to a niche market of individuals, including cancer patients, alopecia sufferers, and individuals with hair thinning or loss. These individuals often have specialized needs that can't be met by generic wigs purchased online or in stores.
  • Wig customization and repair services can be offered in a physical storefront or online, making it a flexible business option with low overhead costs.
  • As an entrepreneur, you have the flexibility to tailor your services to your customers' needs. This includes using the latest techniques, materials, and tools to design wigs that look and feel natural, are easy to maintain, and are comfortable to wear for extended periods.
  • You can partner with medical facilities and care centers to provide wigs and hair solutions for individuals with medical hair loss. Doing so can help you gain repeat business and increase your visibility within the community.
  • Wig customization and repair services can develop a reputation for quality and innovation, distinguishing your business from competitors and attracting customers by word-of-mouth.
  • As more and more people recognize the benefits of wigs and hair extensions, the market for customized wigs tailored to individual needs is likely to continue growing in the years to come.

In conclusion, if you're interested in the haircare industry and want to provide specialized services to a niche market, starting a wig customization and repair service could be a viable business idea. You can leverage your creativity, expertise, and passion for hair to help individuals look and feel their best, while building a thriving business.

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Examples of successful businesses:

The wig business industry has become more popular in recent years as wigs become more stylish and affordable. Here are some examples of successful companies in the wig business industry:

  • Luxetress.com
  • Hairsoflyshop.com
  • Cheveux Luxe Human Hair Wigs
  • Divatress.com
  • WigTypes.com
  • Best Wig Outlet
  • Lace front Wigs
  • Glamourtress.com
  • Elevate Styles
  • Evlynn Hair & Wig Company

Wig Styling Classes

Are you someone who has always been interested in hair and beauty but never knew how to go about getting into the industry? Or maybe you are already in the industry, but are looking for a way to expand your skills and services? If so, offering wig styling classes might be the perfect business idea for you!

  • Wig styling classes teach individuals how to properly style and maintain wigs, which is a highly sought after skill in the beauty industry.
  • With the popularity of wigs increasing, there is a growing demand for individuals who are knowledgeable in wig styling and maintenance. This means there is a potentially large client base for your services.
  • Offering wig styling classes can be a great way to supplement your income, whether you're a freelance stylist, salon owner or simply someone looking to start a new business venture.
  • Wig styling classes can be taught either in-person or online, making it a flexible option for those with busy schedules or who live in different areas.
  • By offering wig styling classes, you can not only help individuals learn a new skill and potentially start a new career path, but you can also help those who have hair loss due to medical conditions or treatments feel more confident and beautiful.

Wig Consignment Services

Are you an avid wig collector constantly looking for new additions to your collection? Or maybe you're someone who's looking to finally let go of some of your old wigs? Regardless of where you fall on the spectrum, wig consignment services might just be the solution you've been looking for.

  • What is wig consignment?

Wig consignment is a service offered by certain hair salons or specialized stores that allows individuals to sell their gently-used or brand new wigs to the store which then resells the wigs to interested buyers. The original sellers receive a percentage of the resale price once the wig is sold.

  • Why would wig consignment be a good business idea?
  • No upfront inventory costs: As the store is only purchasing wigs from individuals, they don't have to worry about buying a bunch of wigs upfront, therefore saving money.
  • Commission-based pay: Because the original sellers are paid a percentage of the wig's sale price, there's no risk involved for the store. They only pay out when a wig is actually sold.
  • Exclusivity of rare wigs: As many wig collectors are constantly on the hunt for rare or unique wigs, offering consignment services could allow for the store to offer wigs that aren't available anywhere else.
  • Expanded customer base: With wig collectors constantly searching for new additions to their collections, offering consignment services could allow the store to tap into that market and potentially expand its customer base.

Overall, wig consignment could make for a great business idea for those interested in the wig industry. Not only does it allow for the store to offer a wide variety of wigs without having to invest money upfront, but it could also potentially draw in a new customer base and offer exclusive, rare wigs.

Wig Rental Services

Wig rental services are becoming increasingly popular these days. Many people appreciate the convenience of renting wigs instead of purchasing them. In this article, we will discuss what wig rental services entail and why it makes a good business idea.

  • Wig rental services allow customers to rent wigs for specific occasions such as weddings, proms, or cosplay events.
  • The service typically includes the option to try on various wigs to find the perfect match for the occasion.
  • Wig rental services often offer a selection of high-quality wigs made from real human hair or high-quality synthetic materials.
  • The rental process is straightforward and often involves signing a rental contract and leaving a deposit to cover any potential damages.
  • Customers can enjoy the benefits of wearing a high-quality wig for a fraction of the cost of purchasing one outright.
  • Wig rental services are an ideal business option for entrepreneurs looking to break into the hair and beauty industry while minimizing start-up costs.
  • It also offers flexibility in terms of the types of wigs rented out and allows for experimentation with various styles without having to purchase inventory upfront.
  • Wig rental services can also broaden its offerings by including related products and services such as hairstyling, wig care and maintenance, and accessories like hair extensions and clip-ins.

Wig Party Hosting Services

Are you ready to wig out at your next party? Wig party hosting services are becoming all the rage, with more and more people embracing the opportunity to let their hair down and try on a new persona, if only for a night. But what exactly is a wig party hosting service, and why should you consider starting one yourself? Let’s take a closer look.

What is a Wig Party Hosting Service?

Simply put, a wig party hosting service provides everything you need to throw an unforgettable wig-centric event. This might include:

  • Wigs of all shapes, sizes, and colors to suit every taste and mood
  • Makeup tutorials and makeup artists to help attendees complete their looks
  • Themed decorations and props to set the mood and create a fun, festive atmosphere
  • Photography services to document the fun and create lasting memories
  • Music and entertainment to keep the party going all night long

Why Would a Wig Party Hosting Service Make a Good Business Idea?

There are a number of reasons why starting a wig party hosting service could be a smart move:

  • The market is growing: As more and more people embrace the idea of dressing up and trying on new identities, the demand for wig party hosting services is only going to increase.
  • It’s a unique offering: While there are plenty of event planning companies out there, few specialize in wig-centric events. This gives you a niche that you can really carve out for yourself.
  • It’s fun and creative: If you’re someone who loves to plan parties and create immersive experiences, a wig party hosting service could be the perfect outlet for your creativity.
  • It’s flexible: Depending on your budget and the size of the event, you can scale your wig party hosting service up or down as needed. This makes it a great option for entrepreneurs who are just starting out or who want to pursue it as a side hustle.

All in all, a wig party hosting service can be a fun, creative, and potentially lucrative business idea. So if you’ve got a passion for party planning and a love of wigs, why not give it a try?

Online Wig Sales

Online wig sales are becoming a popular niche in the e-commerce world. With technology advancements and online shopping trends, it's no surprise that individuals are turning to the internet to purchase wigs for a wide range of reasons. But why would starting an online wig sales business be a good idea?

  • Access to a larger customer base: Online wig sales allow individuals to shop from anywhere in the world, not just limited to a local storefront.
  • Lower overhead costs: With no physical store, there is no rent, utilities, or other expenses associated with a brick and mortar location.
  • Convenience for customers: With an online wig sales business, customers can shop anytime, anywhere, without the need to go to a physical location.
  • Ability to provide a wider range of options: Online wig sales businesses can carry a wider range of wigs, styles, and colors than a physical store might be able to.
  • Less competition: While there may be other online wig sales businesses, the competition is far less than that of a brick and mortar location.

Overall, starting an online wig sales business can offer a lot of benefits, including a larger customer base, lower overhead costs, convenience for customers, a wider range of options, and less competition. With the right marketing strategies and quality products, an online wig sales business can be a profitable and fulfilling venture.

Wig Hair Extensions Services

Wig hair extensions services are quickly becoming a popular trend in the beauty industry. They are hair pieces that look and feel like natural hair and can be attached to a person's head to create a new hairstyle. These hair extensions come in different colors, lengths, and textures which give customers the opportunity to change their look without having to commit to a permanent change.

  • Wig hair extensions services is a good business idea for the following reasons:
  • High Demand: The beauty industry is always looking for new and innovative ways to help customers achieve the look they desire. Wig hair extensions offer an easy and fast solution for those looking to try new hairstyles.
  • Low Overhead: Starting a wig hair extensions service doesn't require a lot of capital. You can start small and build up as your business grows
  • Flexible Location: A wig hair extension service can be performed in various locations including salons, homes, or mobile units.
  • High Profit Margin: Once you have built a steady clientele, wig hair extensions have a high-profit margin, so you can make a significant amount of money from each extension
  • Increased Customer Loyalty: The natural hairstyle industry is notorious for repeat customers. Since wigs must be maintained over time, clients are more likely to come back for regular maintenance and purchase more products as they continue to service their extensions.

If you're looking for a business that has the potential for high returns and can be started with a low capital, a wig hair extensions service may be the right choice for you. By offering flexible locations along with being in high demand and having a high profit margin, this type of business is a great way to combine passion with entrepreneurship.

Wig Subscription Services

Wig subscription services are a new business idea that has been gaining popularity in recent years. These services allow customers to receive a new wig or hairpiece every month, without having to spend a lot of money upfront. The idea of a subscription service for wigs may sound strange at first, but there are many benefits to this model that make it a smart business idea.

  • Convenience: With a wig subscription service, customers don't have to worry about finding the time to go to a physical store or spend hours online searching for a wig. The subscription service takes care of everything for them.
  • Quality: The wigs provided by subscription services are often of high quality, made with real or synthetic hair that looks and feels natural.
  • Variety: Customers get to try out different styles and colors each month, allowing them to experiment with their look in a low-commitment way.
  • Savings: Wig subscription services allow customers to save money in the long run by avoiding the high cost of wigs upfront. They can spread out the cost and get more value for their money.
  • Personalization: Many subscription services allow customers to customize their monthly wig by choosing their preferred length, color, and style.

Overall, a wig subscription service is a creative business idea that offers convenience, quality, variety, savings, and personalization for customers. As more people embrace the idea of wearing wigs as a fashion accessory or way to change up their look, it is a market that has plenty of potential.

Wig Care And Maintenance Product Sales

Wig care and maintenance products are essential for anyone who wears wigs regularly. Whether you wear a wig for fashion, health reasons, or as a personal preference, ensuring that it is well-cared for is crucial to its longevity and appearance. That's why wig care and maintenance product sales could make for an excellent business idea, and here's why:

  • Wigs are increasingly popular: More and more people are opting for wigs, whether it's due to hair loss, fashion, or convenience. According to Statista, the global wig market is set to reach $10 billion by 2024.
  • Wigs require maintenance: Just like natural hair, wigs need to be cared for to look their best. Wig care and maintenance products such as shampoos, conditioners, and styling products help to maintain the wig's appearance and prevent damage.
  • High-profit margins: As a niche market, wig care and maintenance products can have higher profit margins compared to other beauty products. Customers are often willing to pay a premium for high-quality products that will protect their investment.
  • Recurring sales: If a customer likes your product, they will likely return for more. Once you have loyal customers, your business can become a reliable source of income.
  • Online sales: Wig care and maintenance products can be sold worldwide online, meaning you can reach a broader customer base beyond your local area.

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