IS THERE TOO MUCH LASH COMPETITION?
We have all witnessed lash extensions becoming more and more popular with salons popping up almost monthly it seems.
When I first entered the industry over 10 years ago, we were one of three salons in ALL of Melbourne to offer lash extensions! Oh how times have changed.
So are you too late? Is there any money to be still be made if you become a lash tech? Is there too much competition and not enough clients?
The short answer is NO! You are NOT too late.
There is still so much money to be made in this industry, and we haven't even scratched the surface of how popular this industry will be in the future!
It is predicted that lash extensions will become a 1.8 BILLION (yes, billion $$$) dollar industry by 2025 (Data source: Grand View Research Inc. Market Research Future).
That is A LOT of money and there is absolutely no reason that you can’t have a little bit of that magic! If anything, you’ll be ahead of the game if you start right now!
Even in this Covid-world, this prediction still holds true. Why? Because wearing face-masks have become more relevant than ever!
What feature appears the most on a person's face when they wear a mask? Their EYES 👀
And in today's fashion, it's ALL about the eyes. I bet lip injection statistics have gone down over the past year actually.
I liken lash extensions and whether you should get into the industry to the Apple origin story a little…
If you purchased shares in Apple in 2005 you would have paid about $1 for them. In 2010 you would have paid about $10 for them. Now, they're worth about $165+ at the time of writing this.
I predict that if we have this conversation in 5 years' time that yes, the market could be a little saturated with too many lash techs and it may be more difficult to get clients. However, we are not there yet! We are at the START of the wave, not at the end. The wave still has a long way to go yet.
(Get your swimming trunks, babe!)
Now for a few Lash Statistics for you…
(these are backed up by an ABC Report done on the industry)
So jump on board! Do it! Make your money!
Cash in on this amazing opportunity!
