Most barbers earn between $14 and $18 per hour. The most excellent barbers may earn six figures. As a market research expert, I have compiled the most frequently asked questions regarding how barbers get paid.
Payment Methods
Barbers usually receive payment directly from their clients. This can be cash, cards, or digital payments. The specific options may vary depending on the shop.
Choosing a Business Model
Many barbers find themselves in a dilemma of how they should start their profession. We know the barber business works two ways: chair rental and commission. Below, we’ll break down factors that determine a barber’s income and strategies to increase your paycheck.
Factors Influencing Barber’s Pay
- Chair vs Shop
- Commission percentage
- Hourly rate with tips
Earnings as a Shop Owner
Barbershop owners can expect to make more than $50,000 per year, with incomes generally ranging from $80,000 to $100,000. However, this range usually only happens in specific locations.
Income Variables:
- Location of the shop
- Target demographic
- Clients’ financial ability
Starting a Barbershop
How much money a barber can make is determined by several factors, including the location of the shop, the type of clientele, and the cost to start—a barbershop ranges between $10,000 and $50,000.
Barbershop Profits
Barbershop owners can also boost income through various streams besides charging for haircuts and renting chairs; selling products and upselling services are also profitable methods.
Key Factors for Success:
- Barbershop services upselling
- Selling hair and shaving products
- Quality of service
- Strategic location
Experienced Barber Earnings
Experienced barbers with a stable clientele in a prime location can charge higher rates for their services. This, combined with good business practices, can lead to substantial yearly earnings.
Barber Expenses When Opening a Shop
Opening costs can be significant and include renting space, buying equipment, licensing, and other financial obligations to get started.
Barbershop Revenue Boosting Strategies
- Upselling additional services
- Retailing products
- Marketing and establishing a good location
- Building reputation through customer satisfaction and reviews