We are professional manufacturer of salon equipment and spa furniture

Whatsapp & Wechat

+86-15917028903

How to Set Your Freelance Hair Stylist Rates

Source:adminroot(MJ Beauty Salon Equipment Co.,Ltd Release)   Time:2019-04-06

 

Launching a freelance stylist business is an exciting venture. But don’t let your pricing strategy fall by the wayside!
There’s more to freelancing than flexible hours and a better work-life balance. Going on your own is guaranteed to bring many financial ’what now?’ moments. One of the top reasons why freelancers fail is incorrect pricing. Unless you know how to set up your rates correctly you could be heading back to the 9-5 lifestyle before you know it.

Be sure to crunch the numbers thoroughly before you decide what to charge your customers. This will ensure your freelance stylist career brings you all the rewards you’re looking for!

Things to Consider
It all boils down to economics. Unless you are a billionaire doing what you do for the love of it, you need to earn an income as a freelance stylist. The only way to do this is to see things from a business point of view.

In this regard, there are four things you need to take into account when setting up your rates.

Rates in the area
Your budget
Your time
How good you are
Let’s take a look at how these three factors combined can help you to set up rates that both you and your customers will love.

The Going Rate
Your first step is finding out what other hairstylists in the area charge. Start with salons and then see if you can find out what other freelance stylists near you are asking for their services.

You will discover that the range of rates can be quite wide. Knowing what the market will bear should give you an idea of what to charge. However, it won’t provide you with a set rate and is not the route to a profitable business.

By all means, start out lower than the norm if you have little experience and qualifications, but set yourself a target to work towards. Hard work will soon earn you the right to up your rates in accordance with your expectations. Even Hollywood’s top hair stylist started somewhere.

Setting Goals
Doing the math is never easy for creative types but a budget is essential for your freelance stylist business. Taking the following into account will help you determine reasonable rates.

Fixed Expenses
Don’t wing it. Get out your bank statements and make a list of your expenses over the last few months. Don’t leave out luxury expenses or splurges – it won’t make them go away.

Enter them on a simple spreadsheet, or you can use specialized software for hair stylists where you can keep track of every other aspect of your business. Now you can determine the average amount you need to cover monthly living expenses. This figure is the least amount you need to make to break even. It may shock you, but we aren’t done yet.

Other Expenses
Now you need to add an amount of savings (both for a rainy day and for retirement), as well as how much your earnings will be taxed.

To get yourself on the right track, divide this new figure by the number of hours you are prepared to spend working every day. This is your rock-bottom hourly rate, excluding any products you will be using.

What to Charge for Each of Your Freelance Stylist Services
Every service you provide has two aspects. The time you spend, and the raw materials or products used.

The Going Rate
Your first step is finding out what other hairstylists in the area charge. Start with salons and then see if you can find out what other freelance stylists near you are asking for their services.

You will discover that the range of rates can be quite wide. Knowing what the market will bear should give you an idea of what to charge. However, it won’t provide you with a set rate and is not the route to a profitable business.

By all means, start out lower than the norm if you have little experience and qualifications, but set yourself a target to work towards. Hard work will soon earn you the right to up your rates in accordance with your expectations. Even Hollywood’s top hair stylist started somewhere.

Setting Goals
Doing the math is never easy for creative types but a budget is essential for your freelance stylist business. Taking the following into account will help you determine reasonable rates.

Fixed Expenses
Don’t wing it. Get out your bank statements and make a list of your expenses over the last few months. Don’t leave out luxury expenses or splurges – it won’t make them go away.

Enter them on a simple spreadsheet, or you can use specialized software for hair stylists where you can keep track of every other aspect of your business. Now you can determine the average amount you need to cover monthly living expenses. This figure is the least amount you need to make to break even. It may shock you, but we aren’t done yet.

 

Other Expenses
Now you need to add an amount of savings (both for a rainy day and for retirement), as well as how much your earnings will be taxed.

To get yourself on the right track, divide this new figure by the number of hours you are prepared to spend working every day. This is your rock-bottom hourly rate, excluding any products you will be using.

What to Charge for Each of Your Freelance Stylist Services
Every service you provide has two aspects. The time you spend, and the raw materials or products used.

Time
The next step is to count the time it takes for you to perform each of your services. A cut is pretty straightforward and you may already have an idea of how long this takes. Remember to include time spent shampooing the client’s hair.

Other tasks, such as coloring a client’s hair, is a different kettle of fish. You can perform other tasks while you wait for products to take effect. When you are first starting out, you may not have any other clients to see to during this ‘wasted’ time. To avoid a total loss, you can use this time to build a relationship with your client instead and put it down to marketing.

When first starting out, you may not have any other clients to see to during this ‘wasted’ time. To avoid a total loss, you can use this time to build a relationship with your client.

Materials
The tools of your trade are what cost you money. You need to add the cost of products such as shampoo, treatments, and hair color to the price of your service. This is where specific salon software can come in handy. Once you have entered these costs, you don’t need to keep recalculating them every time you quote a client.

Are you blowing the client’s hair out? Add some electricity charges to your fee, as well as a little towards the cost of the hair dryer. Don’t forget taxes either. When you did your initial budget, you will have discovered that these little expenses add up, so don’t skimp on them now.

Don’t forget taxes either. When you did your initial budget, you will have discovered that these little expenses add up, so don’t skimp on them now.

The Final Figures
Now that you know what each of your freelance stylist services is costing you, you can determine the additional charges to your customer. Calculate this figure according to your experience and qualifications. Again, comparing yourself to other professionals in the area is a good place to start.

While you may feel obligated to charge less if you are new to the area, remember that people associate high prices with high quality. One idea to attract business is to advertise your prices plus a special rate for new clients.

In this way, you are not bound to the lower rate and don’t undersell yourself. You may need to experiment with different rates until you find a happy medium.

Time For a Raise
Inflation happens. Every year, you can count on an increase in your living expenses as well as the products you use in your business. Clients expect annual increases, and your peers will also be implementing them, so don’t feel bad about upping your price. Take your added experience as well as any further training you had into account when calculating your increase. You deserve it.

Just as there is no secret recipe for success, trial and error will eventually lead you to your own magic formula when it comes to pricing. As long as you follow these guidelines when you start up, you should move steadily forward and successfully grow your business. You have nothing to lose.

To Pick A Beauty Salon Furniture You Need to Know Things

Nothing but success can unleash optimum pleasure to individuals. Congratulations to those who can project their dream into reality. Many style experts desire to open salons and go ahead with th...

When Choosing Pedicure Chairs Avoid 6 Mistakes

The adage goes worth saying that a stitch in time saves nine. Most probably, it is possible to relate the same with the pampering of health. Nonetheless, timely treatments help in aiding out th...

Adding Luxury Salon Trolleys To Your Business

These days, the beauty industry is getting creative with its business units. Next, salon professionals need to design business plans showcasing the full form of efficacy. Here, the time comes t...

Pedicure Essentials – How to Treat Feet

Over a couple of years, the fashion industry is introducing a host of new adaptive services. The stunning salon projects are going high because of their well researched beneficial aspects. Nowadays...

Why Your Beauty Salon Needs High-Frequency Facial Machines

Are you ready to offer your clients the best facial treatment? High-frequency facial machines are a fantastic alternative to Botox injections, chemical laser peels, and other invasive facial improv...

Rise Above the Competition with a Unique Opening Hour Sign

You’re a salon owner or hairstylist looking to have the most unique and fun salon in town. It’s important that you find ways to make your salon different from the others as the competition is fierc...

Social Media for Hair Stylists: 5 New Haircut Quotes Your Audience Will Love

Social Media for Hair Stylists: 5 New Haircut Quotes Your Audience Will Love Are you looking for content ideas to share with your followers on social media? Do you want to use something diff...

Mission Statements for Hair Salons, Nail Salons, and Barbershops

Mission Statements for Hair Salons, Nail Salons, and Barbershops Do you have a mission statement for your hair salon, nail salon, or barbershop? A great mission statement is important for ev...

Salon Advertisement: The Current and New Trends for Marketing Your Salon

Salon Advertisement: The Current and New Trends for Marketing Your Salon About 85% of consumers head online when looking for a local business. Use that to your advantage! Adding digital salo...

Customer Spotlight: Steel Beauty Hair Spa

Customer Spotlight: Steel Beauty Hair Spa Linda Ballard was recently awarded the title of Marketing Maven in DaySmart’s 2021 Small Business Brilliance Awards. This recognition celebrates cus...

What Haircut Discounts Should You Offer at Your Hair Salon?

What Haircut Discounts Should You Offer at Your Hair Salon? What if the biggest secret to your salon’s success was right in front of you all along? Nothing motivates return customers quite a...

Hiring Independent Booth Renters At Your Salon

Hiring Independent Booth Renters At Your Salon The hair salon industry reached $39.5 billion in 2021. There are more than 882,300 businesses in this industry. Are you one of them? If so, ...
More Question>>
About us

Alibaba Salon Furniture Nail Spa Equipment Barber Shampoo Chairs Display Showcase Beauty Manicure Tables Massage Pedicure Station

We keep up with the latest design trends by regularly introducing new products

MJ Beauty Salon Equipment Co.,Ltd is a leading beauty and health care equipment supplier in China, which combines researching & developing, production, sales, and after-sale service together. We specialize in providing high quality salon and beauty equipments with barber shop, beauty salons and Spa centers. Our beauty equipments are offered in a wide complexity and application range, includ...

Read More

MJ Beauty Salon Equipment Co.,Ltd Products

One of our clients barber shop feedback

One of our clients barber shop feedback

So beautiful    

Customer Reviews

Customer Reviews

Why you choose us ? --Professional design & production technology. --Strict quality control system. --Good after-sales service. --Best price quaranteed ,best value for money. --Protection of your sales area ,design copy right & privia...

Our good review

Our good review

1. Considerable after-sale service for any problems. 2. Steady price , high quality and best service for permenant cooperation. 3. Hign quality and good taste with reasonable price 4. Excellent technique with professional design  

Always take customers to heart

Always take customers to heart

Thank you for believing that we are professional.  

Barber furniture, your order is highly appreciated!

Barber furniture, your order is highly appreciated!

1. We have a very strictly quality control and inspection system, promise to offering you our best products and services. 2. Our normal packing is by export standard carton, other special packing are available. 3. We do offer instruction on the ...

Our service for clients

Our service for clients

FACTORY DETAILS : We believe that a well-designed and manufactured product at competitive price will always be in demand , this is why Rongfu Furniture offers you excellent products at amazing prices . We have a manufacturing plant in Shunde abo...

Service by heart, Win by quality. Welcome to order!

Service by heart, Win by quality. Welcome to order!

Our Service 1. Designing the assemble instruction and shipping mark 2. Supply the professional inspection report 3. We can make the office chairs according to your requirement 4. We can offer new bar stool design or color according to your cho...

high quality and modern design salon equipment

high quality and modern design salon equipment

RONGFU beauty salon specializes in salon equipment and furniture of high quality and great modern design. We offer a wide selection of merchandise including, but not limited to, salon chairs, barber chairs, shampoo wash units, dryer chairs, trolle...

High Quality and On time Delivery

High Quality and On time Delivery

We would like to this opportunity to introduce ourselves as one of the leading Manufacturer Hairdressing products in China, European & American market. We have more than 10 years of experience in exporting to overseas market and producing our...

One of our clients feedback

One of our clients feedback

Welcome Thank you for taking the time to complete this short feedback survey. At Eddisons, we strive to provide a first class service to each of our clients and your feedback helps to make that possible. We listen to your feedback to ensure ...

More than 10 years

manufacturing and exporting experience

Customized sustained

and effective quality system

Standardized 6S

management

Experienced

sales & 24 hours online service