The average salon owner makes $51,517 in 2023 in the US, but the salary range is $42,700 to $61,852 for most. The services offered include hair care, massages, manicures, pedicures, and tanning. The amount a salon owner can make depends on the size, location, management, and services.
Revenue Streams
In most cases, a beauty salon owner will make more money by renting space than employing staff, if the professionals renting have enough clients.
Salon owners make money by charging for services offered. For hair salons it’s haircuts, coloring, styling. For nail salons it’s polish, acrylics.
Salon owners also make money from retail sales of shampoos and other products sold in the salon. Product endorsements can also generate funds.
Increasing Profits
Offer more services to increase profits. Create a website to attract more clients. Consider starting a mobile hair salon or nail studio to make extra money.
Understanding the factors that affect profitability is crucial, such as creating a calm, smooth-flowing business model for staff and clients. Building the right business model can lead to more freedom and higher earnings, potentially reaching six figures for some salon owners.