Buying into a franchise has many advantages over starting a business from scratch. Buying into an established brand with a tried-and-true business model is only the beginning. Proven Business Model If you’ve decided to go into business for yourself, you will likely be conducting a lot of research to see which market has the most […]
Globally, the beauty industry has been strong. In 2020, the global beauty market was worth $483 billion. 2021 saw $511 billion. With a compound annual growth rate (CAGR) of 4.75% worldwide, the industry will be worth an estimated $716 billion by 2025 – and an incredible $784.6 billion by 2027! With the industry projected to […]
The beauty industry is starting to make a comeback from the hit it took during the COVID-19 pandemic; according to a report from Common Thread, the skin care segment is expected to grow to $169 billion by 2025, well above the pre-pandemic value of $136 billion, while the personal care segment is expected to grow […]
Out of the roughly 30.2 million small businesses in America, one in four of those business owners is juggling multiple businesses. This is encouraging news if you are looking to expand or diversify your current portfolio in the booming personal care industry by adding another business. Rather than invest in a new venture in a […]
With growth that has outpaced other sectors in the American economy, the personal care industry can be a strong lure for entrepreneurs seeking new ventures. One sector in particular — the body waxing industry — is expanding at a remarkable pace. Body waxing is a high margin treatment with low overhead — making it one […]
The Beauty Business is Big Built on cutting edge products and ever-improving services, the beauty and personal care industry is in high demand and continues to thrive. Within this massive market segment, one of the fastest-growing sectors is hair removal — most notably laser hair removal and body waxing. The global laser hair removal […]
If you are considering opening a waxing studio, there is no time like the present. Waxing is a big business within the massive personal care sector. No longer a side service offered in the back of hair or nail salons, waxing has emerged as the underdog of the beauty industry. Because of the demand for […]
The beauty and self-care industry is in high demand, and waxing is one of the hottest sectors in the market. In fact, a global industry analysis done by Transparency Market Research in 2018 predicts that the global hair-removal waxing industry will grow at a compound annual growth rate of 9.4 percent and reach $18.8 billion by […]