7 Ways Barbers Can Level Up Their Shop and Boost Revenue
Being a barber goes beyond just cutting hair—it's about creating a business that thrives. If you're ready to maximize your barbershop's potential, here are seven effective ways to increase your revenue and grow your shop into a community hub.
1. Retail Products
Selling grooming products such as beard oils, pomades, clippers, and hair treatments can add an extra stream of income. Fact: Customers are willing to buy products directly from their barber since they trust you as an expert. Projections: If you sell just 5 products a day at an average price of $15, that’s an extra $2,250 per month!
2. ATM Machine
Having an ATM in your barbershop can not only be a convenience for your clients, but also a revenue booster. Myth: ATMs only benefit large businesses. Fact: As a shop owner, you can earn up to $2 per transaction, and depending on foot traffic, this can result in up to $400 extra monthly.
3. Vending Machines
Stocking a vending machine with snacks, drinks, or even grooming supplies can keep clients happy while they wait. Fact: These machines can earn you around $300 to $500 extra a month, depending on location and popularity.
4. Offer Subscriptions
Create monthly subscription packages for regular clients, offering discounts for unlimited cuts or a set number of cuts per month. This gives you steady, predictable income.
5. Host Events or Workshops
Hosting beard care or grooming classes can bring in extra cash while positioning your shop as a go-to community space.
6. Sell Gift Cards
Gift cards are an easy way to boost revenue during the holiday season or special occasions. Projections: Shops that consistently sell gift cards can see a 5-10% increase in overall revenue.
7. Partner with Local Businesses
Create collaborations with local gyms, cafes, or fashion stores. Offer special joint promotions and discounts that bring more foot traffic into your shop.
By diversifying your revenue streams, you can make your barbershop more profitable and sustainable for the long term. Don’t rely solely on cutting hair; think bigger, and watch your business grow!