How Much Money Does A Barber Make 2017
In today’s article How much money does a barber make in 2017 you will discover how barbers increase there revenue by offering there clients more than just a hair cut.
How much money does a barber make 2017
How much money does a barber make? This is most likely one of the most common questions a Barber is asked. It was definitely something we were curious about. So, we Googled it! (See image below).
Not appealing at all, right? These statistics almost make you want to choose a different profession, right? Well, don’t. Why, not? Because, we have good news!
We didn’t let those low-ball income statistics hinder us from pursuing our passion nor should that stop you. Why? Because you shouldn’t want to learn to cut hair just to make fast money (or a quick buck). On the contrary, it should be because barbering is something you are truly interested in learning and are passionate about.
I’m glad we didn’t give up and I hope you don’t either. Had we made the decision to pursue a different career path, we would have never found out the truth. The REAL truth about how much money a barber could actually make.
It’s at barber school you’ll realize that the income statistics sited on BLS.gov (and other websites) are completely inaccurate. We had several guest speakers (top barbers in the industry) such as Barber Soul, RockDidIt, Pacinos, the founders of the National Barbers Association and many others successful barbers come to give lectures. And once the floor opened up for Q & A, the first question every student wanted to know is how much money do you make? Or how much money does a barber make a day, week, or year?
All the Barbers responded to these questions in a different way. Some gave an upfront estimate while others chose to not give an estimate at all. Rather, they would pose a question to the students: How much money do you want to make? Think about it.
How much money do you want to make?
You can make as much money as you want to make in this industry. Some barbers can make between $0-$2000 or more a week. Yes, I said it: two thousand dollars or more a week. That kind of income is life changing, isn’t it? However, consider those barbers who are making zero dollars a week. Yup, those are the barbers with no clients, no motivation, no ambition, and basically don’t cut hair at all because barbering really isn’t something they’re passionate about.
As a Barber you are your own boss. You set your own hours, you pick you own clientele, and you set your own salary. And that’s part of the beauty of being a Barber. However, if you’re investing time and money into a trade (skill) you’re not passionate about its like working at a 9-5 job that you hate. And more than likely if you’re just getting into barbering you already work a 9-5 that you hate. Our point is this: do what you love even if it’s not barbering. Ask yourself: What am I truly passionate about? Once you come up with an answer invest your resources and time into that field (career). You’ll be much happier and successful.
You’re probably wondering at this point “Okay, I understand how I can become a zero dollar a week barber but how do I become a barber that earns $2000 or more a week?” Well, the truth is to reach that 100k income you’ll have to do more than just cut hair unless you want to cut 15-20 heads a day. (See image below)
Image by Laron @gentlemancutz
Although, the visual aid shown above clearly affirms that it is possible to make $100,000 a year just cutting hair, notice that you’ll have to work 7 days, every week, for an entire new year. Is that really what you want to do? If it is, great! It’s certainly an achievable goal. But what if I told you that it’s possible to make that same income working less?
Make more. Work less.
As a licensed barber you are now the authority or expert on everything hair. Your credentials displayed at your workstation tell individuals that you are a knowledgeable and skilled Barber. With that in mind you have the responsibility as the “expert” to not only recommend products or services to clients but also to sell products and services to your clients.
In order to become a top earning barber you are going to have to learn how to up-sell services and products. You will be doing your client and yourself a favor by doing so.
Think about it. You more than likely are already using and recommending a few hair care products for your clients currently. In fact, all your clients are asking where to purchase that particular product because of how good it works. Of course, you tell them and they go and buy it. Do you see the problem in this scenario? Why are you sending your clients to buy products from someone else when you could sale the product to them yourself?
View the chart below to see how you can earn additional income by selling products.
|Product||Wholesale Price||Retail Price||Profit|
|ABC Smooth Hair Gel||$5 ea.||$10 ea.||$5|
|ABC Smooth Hair Spray||$8 ea.||$16 ea.||$8|
|ABC Shampoo||$15 ea.||$30 ea.||$15|
|ABC Conditioner||$15 ea.||$30 ea.||$15|
Using the sample table above can you visualize how it’s possible to make more money working less? All you have to do is recommend the product and sell it.
Work Less. Make More (Part 2)
Now let’s see another way to earn more revenue by up-selling services. (See table below)
|Client A||Client B||Client C|
|Facial||$25||Hair gel||$5 (profit)||Beard||$15|
Although, the Client A, B, and C table above is just an example, these are actually some ways you can increase your daily ticket sales just by adding on products or additional services. In addition to the more common services already mentioned also consider offering color applications and other chemical services that are becoming ever more popular to stay ahead of the competition. Our point is this: don’t limit yourself to just haircuts? Make more money doing less work with fewer clients by working smarter, not harder.
Check Point: At this time we want you to make your own chart or table using either Client A, B, or C (mix them up even). See how much money you can earn in a year if every client was either an A-C. For example:
|Client C ($43)|
|8 clients a day (Tuesday- Saturday)|
|8 clients a day x $43 per ticket =$344 per day|
|$344 x 5 days = $1720 per week|
|$1720 x 4 week = $6880 per month|
|$6880 x 12 months (1 year) = $82,560 per year|
Note: Another way to make more working less is by working at a barbershop that has a higher price point. Instead of making $20 a hair cut, work at salon or barber shop that charges $25-$50 a hair cut.
Working smarter, not harder
Of course, being “behind the chair” isn’t the only way you can earn revenue. For instance, many barbers turn to mentoring and instructing after some years in the barber shop. Some create there on How-to videos and write books on barbering and business. Others create Apps to help barbers be more productive and efficient. Some barbers even create their own products which are mass produced and sold worldwide. Those interested in getting sponsored by their favorite brands usually become platform artists. And many eventually open up there own barbershop, salon, or barber school. These are just a few of the path you can take as your barber career progresses.
Check point: Write down some of your short term and long term goals. Post it somewhere that you can be reminded daily that these are the goals you want accomplish.
As a result, you can start preparing for it now. How? If you haven’t already enrolled in barber school, go do it right now if you are serious about becoming a Barber. Be committed to completing your hourly requirement, take in as much knowledge as you can (read plenty of books), gives as many haircuts as you can give (even if you make mistakes), and ask as many questions as you can ask: to peers, instructors, and guest speakers, etc. Following these steps will only make you a better barber.
Become a better barber
Therefore, at this time we’d like to share with you 3 must watch videos to get you motivated and focused. These videos will encourage you to pursue your dreams and reach your goals.
“You can’t wait for the opportunity to come, you have to make your own opportunity” – Vick the Barber.
Our first video is by Vick the Barber on Barbers and Money:
A few pointers we hope you noted well watching this video:
- Live SIMPLE
- Try to save 25% of your income
- Reads books that will help you be successful such as The Compound Effect by Darren Hardy.
Another helpful video by Chris Bossio as he speaks on A Barbers Salary and his personal experience in the industry.
“What you make in this industry is totally up to you” – Chris Bossio
A few notes we hope you took well watching this video:
- What you make in this industry is totally up to you
- Don’t give up on going to barber school
- Becoming a barber can be life changing
Finally, our last featured video is by Jay the Barber on Barbers and Money
“The more money you put away [save], the more money you can invest in yourself” –Jay the Barber
Three points we hope you noted well watching this video:
- Learn how to manage your money
- Open a bank account (save money)
- To make money, you have to work
Passion equals profit
In conclusion, if you are passionate about barbering you will be successful in this industry whether your making $100 a day or $500 a day. As long as do what you love, you’ll never work a day in your life.