ASCP Skin Deep

SUMMER 2022

Issue link: https://www.ascpskindeepdigital.com/i/1472077

Contents of this Issue

Navigation

Page 55 of 100

New member benefit! Get the ASCP SkinPro app at ascpskincare.com/skinpro 53 of your spa services—items you know your clients will like for themselves or be inclined to give as gifts to others. GOTTA BE GIFTABLE Some of the best-selling products are giftable. Small, easy-to- gift items like makeup brushes and bags, candles, necklaces, and body lotions can be turned into "impulse purchases" by being displayed at the checkout counter for a quick look-feel- smell assessment by the client while you're tallying up their bill. Simply lighting a candle you have for sale can trigger purchases once clients swoon over the scent. Other items you use in the treatment rooms, such as robes or wraps, aromatherapy, and at-home devices like MySkinBuddy or gua sha stones, can also do well because you can educate the client about these tools while they're experiencing them in the treatment room. PRICE IT PERFECTLY When you're shopping for wholesale items and find something you think your clients will like, ask yourself, "What will my customer pay for this?" Once you've decided on a price, look at the wholesale price. If it's justifiable and can offer you a good return on investment (ROI), you're good to go! Remember, your profit margin should be 30–50 percent on these items. Elisha Reynosa, a California-based esthetician and owner of Maven Skin + Beauty, has successfully incorporated a small retail boutique into her busy skin care business. While skin care products continue to be her primary retail income, Reynosa says, "Sugar scrubs, body lotions, dry brushes, masks, lip balms, and aromatic candles are client favorites." When asked what advice she has for those wanting to incorporate more boutique items, Reynosa says, "Figure out what your clients like or need, and ask yourself if they can't find these items anywhere else in town." Her philosophy has been to offer unique but helpful items that will enhance clients' lives. She thinks of items from a lifestyle perspective. You offer the best in skin care, so why not offer them the best headband and robe to put on while using your products? Reynosa calls this "completing the experience of self-care." SHOP SMALL, SHOP SMART You'll also want to choose items that aren't available at big box stores or found along drugstore beauty aisles. These items should be unique and tailored to your clientele's demographic. It can also be mutually beneficial to support other local small businesses that make these items. If you grow your retail selection wisely, you could end up selling to customers who usually wouldn't come in for your facial services but are eager to stop by to pick up a few boutique items. DO YOUR RESEARCH Adding new retail items can cause some headaches when it comes to inventory management and storage, so start small, pay attention to manufacturers' minimum purchase requirements (you don't want to end up with thousands of dollars of unsellable products collecting dust), and make sure you're ready to take on the new challenge. Create a plan for tracking items so you can easily identify the items that sell well, know which vendors you enjoy working with, and learn more about your clients' purchasing habits. Notes 1. Kaitlyn McLintock, "The Average Cost of Beauty Maintenance Could Put You Through Harvard," Byrdie, updated January 31, 2022, www.byrdie.com/average-cost-of-beauty-maintenance. 2. Cision PR Newswire, "Beauty & Personal Care Products Market Worth $716.6 Billion by 2025: Grand View Research, Inc.," November 22, 2018, www.prnewswire.com/news-releases/beauty-amp-personal-care-products- market-worth-716-6-billion-by-2025-grand-view-research-inc--835085428.html. 3. Kaitlyn McLintock, "The Average Cost of Beauty Maintenance Could Put You Through Harvard." BEYOND TREATMENT

Articles in this issue

Links on this page

Archives of this issue

view archives of ASCP Skin Deep - SUMMER 2022