YBeauty salons are classified as 8121 – Personal Care Services as per the North American Industry Classification System, or NAICS.
Yes, running a salon can be profitable. According to The Salon Business, the average salon business will generate approximately $245,000 in revenue before expenses each year. After deducting expenses, an average salon can profit around $19,100 per year, depending on marketing efforts and sales.
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Email marketing is the best way to reach out to your ideal prospects. According to the Direct Marketing Association, email marketing has a 4300 % average ROI for businesses in the United States. With an exclusive beauty salon contact list, you can directly send your marketing messages to your prospect's inbox. Having a robust beauty salon mailing list is thus a boon to your business in the era of the digital economy. You can get it instantly from InfoGlobalData at a reasonable price.
The global beauty industry is now worth $532 billion. While growth projections vary, most agree it will continue to grow at a 5% to 7% compound annual growth rate to reach or exceed $800 billion by 2025. The United States currently has a 20% share of the global beauty market, followed by China and Japan.
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