Wondering how to start a bamboo comb business? You have come to the perfect place. When it comes to hair, one of the most useful accessories is always combs. In recent times, the craze of bamboo combs is so intense that people prefer to amass a collection of them. This craze and benefits of using a bamboo comb create a unique business opportunity to develop exclusive designs and entire segments of bamboo combs. Furthermore, this new trend for bamboo comb gives confidence to many entrepreneurs in starting their own comb business or introducing a brand new collection of bamboo combs into their existing hair accessory business. This step-by-step guide will help you to learn more about starting a bamboo comb business and see whether it’s the right step for you to take as an entrepreneur.
1. Familarize yourself with the Comb Industry
To run a successful online bamboo comb business, you must first learn everything there is to know about the bamboo comb market. This will not only make starting a comb business easier, but it will also assist you in scaling the business. The best aspect about starting a bamboo comb company is how low it costs to get started. Keep in mind that the comb market is constantly evolving, so you should stay updated with current trends.
How much does it cost to start a bamboo comb business?
You could start a bamboo comb business from home at a basic level for around $400 to $600. An extra $400 could get you off to a great start. That being said, if you want to operate your bamboo comb business on a bigger scale by buying in bulk through wholesalers, it could cost you anywhere from $1,500 to $3,000 depending on the size of inventory and marketing strategies implemented.
Bear in mind, the basic scale bamboo comb business startup cost of $400 to $600 includes the inventory($200-$400) and marketing costs($200). If you want to go really cheap, you can cut the inventory cost and opt for a dropshipping business model. If you don’t mind a little hard work, the bamboo comb business is one of the best businesses to start and grow.
Is bamboo comb business profitable?
If you know how to promote your bamboo combs effectively, the comb industry can be quite profitable. High-quality and customized bamboo combs can retail for as much as $15-$25, with a cost per piece of roughly $2.5-$5 if purchased from a wholesaler. This equates to a profit of about $17 for every bamboo comb sold. Even if only 100 combs are sold, you will make a profit of roughly $1700.
Is bamboo comb business worth it?
Starting a bamboo comb business is definitely worth it. Since it requires little to no funding and no prior business expertise, the bamboo comb business is certainly worth giving a shot. There’s also a huge profit margin, and don’t forget the business model is quite scalable. If you find success selling bamboo combs, you can add new bamboo products to your online store and increase your revenue. A comb business has a lot of potentials and is simple to start and grow. It’s a great business for teenagers to start because of the low entry hurdle.
2. Plan your Bamboo Comb Business
The ability to plan forward is vital to the success of any business venture. When it comes to starting a bamboo comb business, the same applies. Let’s go over some of the basic actions you’ll need to take as you prepare to launch your bamboo comb business.
Choose a name for your bamboo comb business
The first step while planning your bamboo comb business is actually deciding a name for it. You must choose a name that expresses your business’ principles and beliefs, whether you want to start a bamboo comb business or a hat business.
Remember that the state naming rules in the states where you wish to conduct your business must be followed; otherwise, the state may refuse to accept the documents you filed to form or qualify the bamboo comb business. While you may not need to register your bamboo comb business while starting out, following your state’s name criteria will help you avoid problems in the future. Moreover, if your bamboo comb business takes off and you want to scale it quickly by legally registering and trademarking it, the name of your business will play an integral role.
If you are having a hard time deciding a name for your bamboo comb business, you can refer to hundreds of business name generators online. Shopify’s Business Name Generator is one of the best free online tools that help to brainstorm brandable names for your bamboo comb business.
Once you decide the name of your bamboo comb business, the next step is to perform these final checks.
- First, check your State’s business name database to see if your desired name for your bamboo comb business is available.
- Second, do a domain name search to check if the name of your bamboo comb business is available as yourbusinessname.com. If it is available go ahead and register the domain before anyone else gets it. Namecheap offers domain names for as cheap as $0.88. You can use the tool below to see if the domain name is available.
Find a domain starting at $0.88
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- And lastly, do a federal search on the US Trademark Electronic Search System and make sure nobody has already trademarked the name of your bamboo comb business.
Choose a business model
In order to start any successful business, you will need a solid business model, at a minimum. Don’t just get into the bamboo comb business because it sounds fancy and businesses are making millions in this sector.
Ask yourself – what will be the USP (Unique Selling Proposition) of your combs? What are the creative ways, you’ll lure customers to your business? What is your strategy to retain your existing customers?
Due to the recent trends, hundreds of bamboo comb businesses may be found in every corner of the internet, and hundreds more are opening every month. Unfortunately, around 95 out of 100 new bamboo comb businesses fail tragically. I’m not attempting to scare you; instead, I’m simply stating facts. As a result, if you don’t want your bamboo comb business to fail, make sure you have a good business model in place.
Also, keep in mind that you should expect to put in at least 60-100 hours each week on your new bamboo comb business, especially in the beginning when you’ll be learning a lot of new things and will likely be on your own.
Write a bamboo comb business plan
If you want to start a successful bamboo comb business, you will need a compelling business plan. A well-written business plan should explain your core objectives and how you plan to achieve them. One of the other purposes of a business plan is that it makes your bamboo comb business look professional and appealing to prospective lenders in the near future.
All in all, a well-written actionable business plan is a crucial document for your bamboo comb business. Without it, you’d be running around like a headless chicken.
A compelling business plan for a bamboo comb business can have many sections, some of the must-includes are:
- Executive Summary
- Business Description
- Market Analysis
- Competitor Analysis
- Services to Offer
- Competitive Pricing Strategy
- Marketing Strategy
- Fundings
- Financial Projections
You can use business plan software like BizPlan and Enloop to compose a professional-looking business plan. However, don’t get lazy and pay someone 5 bucks to write a business plan for your bamboo comb business. You will need professional high-quality work and it should come from within you.
3. Sourcing the Bamboo Combs for your Business
Before starting a bamboo comb business, you must identify your suppliers. However, the problem with these suppliers is that they will have MOQs(Minimum Order Quantity) in place. And if you are starting with a small budget, maybe you don’t want to invest in the inventory at all. In that case, you can follow the dropshipping business model. If you think dropshipping is the way to go, you can source all your products through AliExpress.
If you don’t think the dropshipping model will work for you, don’t worry – I have listed some of the domestic and global manufacturers, suppliers, and wholesalers of bamboo comb products.
Domestic bamboo comb manufacturers and suppliers
Some of the domestic bamboo comb manufacturers and suppliers are listed below:
- CombHub (USA)
- Relaxuswholesale (USA and Canada)
- EarthsTribe Wholesale (Australia)
- Aulola (UK)
Global bamboo comb manufacturers and suppliers
Some of the global bamboo comb manufacturers and suppliers are listed below:
Customizing the bamboo combs
Keep in mind, when buying in bulk from manufacturers or suppliers, if you meet a certain MOQ, they will do a custom logo on your bamboo combs. However, if you want to buy just 50 combs through them, that is not possible. You will need to customize it yourself with either branded packaging or logo printing on your bamboo combs. I would suggest not worrying about customizing the combs while starting out. When you feel confident that your business model is working, you can shift your focus on branding and providing a customized unboxing experience for your customers.
4. Set up an Online Store with Shopify
The next step is to make the name of your bamboo comb business public on the internet for all to see and buy your products. Online stores are an important part of product-based businesses. You must have a good online store if you want to sell your combs online.
Utilize the internet’s capabilities to the fullest. Personalize your website and make sure it is consistent with your brand. To make a strong first impression on your visitors, include photographs of your comb lineups as well as customer testimonials. Don’t forget to include your mission and vision statements on your website, as well as an explanation of why customers should buy your bamboo comb products.
It has never been easier to set up an online store. Thanks to Shopify, paying a web developer thousands of dollars for a simple online store is a thing of the past. You can now launch a new online store for your bamboo comb business with Shopify for as little as $29. The cherry on top is that Shopify provides a 14-day free trial (no credit card required). This gives you plenty of time to set up an online store, add products, and configure payment methods for your bamboo comb business. When your online store is complete, you can easily connect it to your Namecheap domain. Simply navigate to the Domains section of Shopify’s Dashboard and follow the basic instructions.
If you want someone else to handle the technical aspects of your bamboo comb business while you focus on getting more customers, we can help. Our $199 digital package includes a professionally designed online store, custom email, 24/7 support and maintenance, SEO, and digital marketing services. You don’t want to miss out on this chance. Please contact us as soon as possible before the offer is no longer available.
5. Promoting the Bamboo Comb Business
Promoting your bamboo comb business may appear easy, but believe me, it is not. In the digital space, you will be competing with thousands of other comb businesses. You will not succeed unless you have a cutting-edge marketing strategy.
Word of mouth marketing is the most effective form of marketing for your hat business. However, for the words to spread, you will need the first few customers. And your friends and family are the ideal first few customers. When your bamboo comb prototype is finished, make sure to give it to your friends and family to try. Don’t give your product away for free; instead, charge them the basic cost price. Don’t worry about the profit for the time being; trust me, it will come. You just need to make sure you don’t lose money when you’re first starting out. When your friends and family receive their bamboo combs, ask for feedback and make a list of what they liked and disliked about your product. If they liked your comb, ask them to tell their friends and family about your combs. You can also ask them to share your social media pages with their friends.
But, let’s be honest, you’ll need a lot more than your friends and family to buy your bamboo combs. To promote your combs across the country or around the world, you must use digital marketing. Please contact us if you require assistance with running digital ads for your bamboo comb business. We can provide you with free marketing advice and materials to assist you in marketing your bamboo comb business.
And lastly, get involved in your local chamber of commerce and small business groups to learn about the marketing strategies used by other companies to sell their products online.
