It is possible for a barber to make six figures, although this does not usually go beyond $100,00o 0r $150,000. Making six figures also takes plenty of time and effort while targeting the right kind of customers.
If you have what it takes to be a barber, here are the tips to help you make six figures:
- Take an online course.
- Go to a school for barbers.
The average hourly and annual wages of barbering vary, however, according to your location and position.
The average cost of buying a barber shop franchise is $50,000-200,000. This all depends on the location and how many people will be working for you.
Making a Connection can be vital to your success in achieving a 6-figure salary as a barber. Licensed hair professionals are in the customer service business. We need to provide exceptional service for our clients.
How can a barber make 100k a year?
A barber can make 100k a year with time and experience. Buying a franchise barbershop costs $50,000-200,000 depending on location and employees.
Reaching $100,000 yearly is challenging. The median income is under $25,000.
It takes 6-8 months to get a barber license through training programs with classroom and practical work. Making $50 hourly equals $100k for 40 hours weekly. Track your time.
Barbering has excellent job security and constant demand so barber schools thrive. Working overtime and getting tips can triple earnings.
At the beginning of their career, barbers find themselves in a dilemma of how they should start their profession – chair rental or commission.
Do barbers make more than hairdressers? Barbers make somewhat more than hairdressers – $31,530 per year vs $23,880-$42,210 per year for barbers.
So, can a barber earn 6 figures? Making good money can be challenging at first but very rewarding long-term.