Phenomenal . . .

Phenomenal . . .
Life, Growth, and Connection (This sunflower was nourished by my hands.) 2010; Photography by Benita Blocker. Please become a follower of this blog.

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Thursday, October 22, 2015

Replacement Value: Hair Extension Appreciation

$37.99 versus $57.99 for 14" weaving hair

$20.00 increase within the last five years? for the same pack of hair extensions?  Hair extensions pricing seems to inflate every year.  

When I sell hair extensions, I have to charge based on replacement value.  If I purchased a pack of hair over a year ago, then I probably will not be able to replace the same package of hair at the same price. So the hair extensions are appreciating over time.

The key is having a market to sell to.  I usually keep corporate friendly colors, 1b, 2, 4, and blends.  I also keep a large enough inventory to catch client's attention in order to up sell services.

1 comment:

  1. I've never thought of appreciation before. I should have paid more attention in Economics when I was in middle school. Ha.