Breakdown of income of a self-employed hairstylist can be done in three steps. There are three sources of income of a self-employed hair stylist. The first is the payments that they receive for the services that they provide to the client. Second, is the tips they get from customers. And third is the bonus that they may get from salon owners.
Working at a salon implies that you work to make people look beautiful and help them feel good about themselves. Enhancing how they look, giving their hairstyle and nourishment and making their face glow with radiance gives hairstylist a sense of achievement. All the work hair stylists are to transform the looks of their client and make them comfortable about their body. All of this increases their confidence.
Salon owners provide a workspace for these self-employed hair stylists and charge a certain amount of rent for the space they use. Hair stylists also pay for the equipment and appliances they use at the salon.
The hair stylists who work independently may work in more than one salon to earn more. This enables them to create a strong client base that helps them in earning more. If the clients get impressed by the work of a particular hair stylist, they will tip heavily. Also, when visiting the salon next time, the clients would demand to be attended by the same stylist. Hence, the popularity for the skill of a hair stylist scripts their income.
When hair salon owners look to maintain quality and consistency in the quality they would be willing to levy some part of the rent amount as the hair stylist has satisfied the customers. They come back again to the same salon for all their hair styling and beauty needs. This also results in mouth publicity of salon and, therefore, strengthens the reputation of the hair stylist.
Hair stylists can cash in on this reputation and charge more for their services. Curling, hair straightening, dyeing, coloring and cutting are the most common services that the clients are looking for. Hair spa is another service that clients have started taking an interest in. Hence, the key is to keep coming up with exclusive and ideas to give the customers some excitement to be interested in taking your services.
Tips also form a significant part of the hair stylist’s income. However, these tips are unstable and unpredictable source of capital. Tips directly depend on the financial condition of the employee, and you may not be able to impress every client that you attend. Therefore, you need to be persistent in your quality and not depending on the tips to survive.
In the United States, the common tipping trend is fifteen to twenty percent of the bill before taxes. Tips are also taxable and hence, however, low the tipping amount be you would have to disclose the earnings through tips. Individuals who earn more than $ 400, are liable to pay taxes and hence they have to disclose all the payments earned from services they provided, tips and bonuses received. For hair color and dyeing, stylists may get $ 10 or $ 20 depending upon the client and quality of services.
