1. Sell Hair Extensions

The average retail hair extension order is approximately $195. By generating 10 sales per week, you will realize $93,600 in sales per year. At a 40% profit margin you will take home an extra $37,440 per year.

2. Begin Collecting Social Rewards

Many hair stylists have created Facebook, Instagram, Twitter and Pinterest accounts. Even more have huge, loyal followings. Unfortunately, most are not leveraging their online popularity to drive residual income. Social rewards technology is a powerful tool that allow hair stylists to earn cash rewards when their social media followers sign-up for free to access amazing content, promotional offers, etc. Top earners can easily make $5,000 per month collecting social rewards.

3. Sell Your Do-It-Yourself (DIY) Videos As Elearning Courses

You can supplement your income further by transforming videos you freely give away on Youtube into powerful elearning courses. In fact, the average, new instructor earns $1,500 to $3,000 per month on Udemy, one of the top elearning platforms.

4. Join A Collaboration Network

The average small business owner spends 3.5 hours each day online networking. Most often you make NOTHING for your hard-work while social media networks pocket billions of dollars in advertising revenues. However, did you know that social rewards companies like the Pamper Me Network now pay individuals for leveraging their platform to host content and connecting with their social media followers. Promote yourself and earn $1 when your fans respond to your offers.

5. Sell Gift Certificates Online

Selling gift certificates is an important part of your salon's growth strategy because they lock in future sales. Sell the gift certificates directly from your website or outsource the process to a third party salon service aggregator.