Are you interested in starting a cosmetic and beauty product business in the Philippines?
This kind of business can actually let you earn a lot of money. For example, a single mom turned her Php3k to Php3M by selling skin care products.
There seems to be money in this business. So, let’s take a look at how you can start one and begin building your empire.
Starting a Cosmetic and Beauty Product Business
Of course, it’s important that you know the basics of beauty products. It’s important to know the differences between each product, how to use them, and which items your customers might need most.
That’s the first step.
Next, be sure to research the beauty market to make sure that you’ll be offering good-quality products to your customers.
Make sure that the beauty products you sell are not just effective but also safe.
Find Your Niche and Decide on Your Business Type
There is a wide range of beauty products available and so many beauty companies or online resellers now. So, it’s important that you can stand out from the competition.
You can achieve that by finding your niche.
Of course, you can also opt to sell as many variations as you want. After all, many customers are picky when it comes to brands.
It’s up to you to decide what products to choose, but the basics include:
- Lipsticks and other makeup products
- Bath and shower products
- Hair spa and conditioning products
- Nail polishes, extensions, etc.
- Hair color products, wigs, extensions, etc.
IMPORTANT: Making your own products can be dangerous, especially if you have no experience and don’t have professional guidance from a chemist or other licensed professionals.
Find Beauty Product Suppliers
If you decide to resell or rebrand, it’s time to start finding your suppliers. Make sure to read reviews and research about these companies or supplies to ensure that their products are safe and of high quality.
Register Your Business and Prepare Your Shop
It’s very important to process the necessary business permits so you can operate your shop without fear of getting caught by the authorities.
For example, online sellers are now required to register with the BIR. You’ll need to register the following:
You can start building your shop at home, but you can also find the best locations for your business in other places.
Once you decide where to set up shop, you can begin constructing or renovating the place and prepare your shop for your grand opening.