My Predictions for the Beauty Industry
Morgan Franklin: Welcome to the
Aspiring Stylists Podcast with
Tracey Franklin. Where to
begin,grow and aspire to become
the best stylist you can
be.Whether you're thinking about
becoming a stylist opening a
salon, or developing your skills
as an experienced stylist the
next step of your beauty career
starts here. Each week we'll
discuss strategic ways to
design, plan and execute on
becoming a stylist that excels
behind the chair and above the
bottom line. Here's your
host,Tracey Franklin.
Tracey Franklin: So I want to
share my predictions for the
beauty industry. But in order to
talk about the future, we need
to take it back to the
beginning, I'd love to share
some of the things that were
really popular early on in my
career and how they've evolved.
One of the things that has
completely changed since I
entered the beauty industry is
how your clients find you.
Imagine opening up a phonebook
and looking in the Yellow Pages
for a place to get your haircut.
I know that's really hard to
even imagine right now. But that
is literally how people used to
do it. And it was really
expensive, like anything bigger
in the phonebook than like a
business card was I don't know,
like $1,000. And so when I first
started out, I just had a small
three chair salon. So I took out
that little business card ad
size in the yellow pages. And
that was how people would find
me. Another way is I would go
places and I would hand out
flyers, I would come up with
specials and discounts. And I
would go stand at the local
college and I would stand in
front of grocery stores, I would
go to career fairs, and you
know, the fair and places like
that, and really just have to
promote myself in person. And
that's just kind of unheard of
these days. And then of course,
business cards, I still think a
lot of business cards, I know
there's lots of really cool ways
to exchange information with
people, but I still like an old
school business card. And I
still usually have some in my
purse. But those were like the
top three ways that clients
would find me back when I
started. Another thing that's
really changed his hair
extensions. Now if you've
listened to a few of my
episodes, you probably know how
passionate I am about hair
extensions. It's one of my
favorite things. And back in the
day, you know, we were applying
these strand by strand hair
extensions. And it took all day
and it was 1000s of dollars. And
hardly anybody could get them
right, like really wealthy
people, celebrities, pageant
girls, things like that those
were the only people that were
really willing to sit that long
and willing to pay that much
money for longer hair. So let's
fast forward to even 10 years
ago, when people were finding
your business through your
website. You know, that was the
most common way for people to
find you. They would Google
hairstylist or salons in their
community, and they'd get a list
of salons and then they would
click on them. And they would
you know, kind of look through
the menu and they would look at
the gallery of pictures. And the
thing about that was you know,
for the salon, it was great, but
it really didn't help promote
any individual stylists, you
know, it was just promoting the
salon itself. But at least it
was something right, you could
go on, you could look at the
pictures and make sure at least
someone in that salon knew how
to do good hair before you tried
it. So let's talk about hair
extensions. 10 years ago with
hair extensions was the tape
extensions, the Tape In Hair
Extensions are all the rage.
It's completely blowing
everyone's mind how different
this technique is. I know for
me, for the first time ever, I
was finally willing to wear hair
extensions. I was always willing
to perform the service. But it
just wasn't for me when we were
doing those strand by strand
because I never really thought
they looked that good. But when
I got certified to do tape and
extensions, and I was seeing
these incredible makeovers that
I was able to do on women in an
hour or less. I was like, oh
yeah, this is for me. So I
personally became someone that
wore hair extensions. And quite
honestly, I've never looked
back. So let's bring it up to
speed to today where we heavily
rely on social media. And let me
start by saying like, I
understand that this industry
changes at such a pace, it can
feel really scary. And it can
feel overwhelming, like you're
always behind, like you're never
going to catch up. But I think
social media is one of the best
things that's ever happened to
our industry. So I know things
change in this industry at a
rate that can feel a little bit
scary sometimes and a little bit
overwhelming, like you're always
behind. But hairstyles are being
able to be seen in a way right
now and represented in a way
right now that they never have
been able to be before. And
that's all thanks to social
media. So you know, sometimes
change is good, and that's why
it's so important that we're
always willing to evolve. Same
with hair extensions, you know,
now we're working more with WEPs
than we are individual pieces
and that's being able to give
you know women more hair and
less time I think it's important
to talk about why as a creative
service provider, being able to
pivot and adapt is the name of
the game. If you weren't
growing, you're dying. And so
making hard decisions is a huge
part of growth. And one of the
hardest decisions I ever had to
make in this industry was
raising my prices. 20% Let me
give you a little perspective, I
got in this space in my head.
And in my business where I
didn't give myself a price
increase for four years, for
some reason I had let fear take
over. And I was so worried that
I would lose clients, if I raise
my prices that I just became
paralyzed by that fear. And the
thing is, my book was full, like
I was experiencing immense
success. But sometimes we get in
our head about stuff. And fear
was just a huge thing. For me, I
loved my clients so much, I
couldn't even imagine losing one
of them. But what that did is it
put me in this capacity, you
know, where like, I wasn't able
to take new clients. And looking
back on that, that wasn't a
really great decision for me,
because new clients are
exciting. new clients are a new
opportunity to make a new
connection. And wow, someone for
the first time, you know,
there's a level of excitement
with a new client that just is
different from a consistent
client that you typically see.
And I had just gotten to the
point where I wasn't able to
take anybody new because my book
was full. And to be quite
honest, I wasn't educated on how
to measure the metrics, I didn't
really know whether or not I
qualified for a raise. And
that's why I think it's so
important to create partnerships
with people that know more than
you know, so that they can shed
light on the changes that need
to be made in your business. So
raising my prices, 20% was a
really hard decision for me. But
after I made it, I was so
surprised to find out that some
of my clients were like, it's
about time, we were wondering
when you were going to have a
price increase. It made me feel
good. But it also made me feel a
bit like a fool. Like what was
holding me back. Why was I so
paralyzed by this fear that
everyone would leave me, at the
end of the day, you don't have a
choice, guys with inflation, you
have to raise your prices, or
you are literally doing the same
amount of work for less money.
If you think about it, when the
cost of hair color goes up, and
the cost of gloves, co op and
everything goes up bills, rent,
everything is going to be
raised, because that's just the
way inflation works. If you
don't raise your prices, you're
making less money. It's so
important that you pay attention
to what's going on in the
economy, and that you raise your
prices whenever expenses go up.
So in an industry that is ever
changing, it's probably hard to
imagine getting bored, right?
Like feeling stale in your job.
But it happens. Stylists burnout
is a very real thing. And it's
really important that you're
paying attention to the signs
because they will show up. And
they'll start screaming if
you're not listening to the
whispers. So you need to be
paying attention to the things
that you're thinking when you're
looking at your book, like are
you looking at your book, and
you're completely uninspired.
And you see you know, Sally on
your book, again, for the same
thing she always gets, well,
it's probably time to level up,
it's probably time to learn
something new and get out of
your funk. There's no reason to
get stale in this industry. It's
okay that you do but it's
important that you pay attention
to the signs and do something
about it. So how do you identify
new trends and be a leader in
this industry? I hear this
saying a lot that you either
need to be the first or the best
and I hate to break it to you.
But in the beauty industry, you
are never going to be first but
you can be the best you can
always be your best. One of the
best parts about being a
hairstylist in the AI boom is
that chat GPT is never going to
take your job. A robot is not
going to be cutting hair anytime
soon. But that doesn't mean that
technology and techniques aren't
evolving and that you need to
evolve to because you do how
cool is it that you can
literally get on YouTube and
watch a video of Chris Appleton
doing Kim Kardashians hair in
the morning and then go straight
to the salon and recreate that
same look in the afternoon. When
I think about the evolution of
that idea alone, it completely
blows my mind. Looking for
inspiration, even 10 years ago
was like flipping through, you
know hair magazines and old hair
books and looking through the
Enquirer and just trying to find
out what the celebrities were
doing with their hair. But there
were no How to videos like there
are today. Content is widely
available for anyone who's
willing to take a few minutes to
level up their skills. So how do
you become a leader in this
industry? How do you position
your itself as a stylist that
not only knows what the trends
are, but are actually bringing
them to the chair. I do consider
myself to be an industry leader,
not only in my local community,
but nationally. So how did I do
it, I did it by never sitting
still, I did it by constantly
elevating myself. And, you know,
I was willing to do the things
that other people weren't
willing to do. And when this
industry calls you to pivot, you
have to be willing to do so I'll
use social media as a really
good example, posting pictures
of your work just does not pack
the same punch that it used to
people are not responding to
that type of content anymore.
Video is king. And I tried to
ignore that for a really long
time. And I saw my social media
declining in a major way. So I
decided to just give it a try. I
said, Okay, I'm going to make
some of these reels, some of
them are going to be
educational, some of them are
going to be funny, some of them
are going to, you know, touch on
some of the more tender topics.
And I noticed, you know, a huge
surge in the amount of people
that were liking my content and
following my page. And it's
really great when you finally
give in to something and it was
the right decision all along.
You have to pay attention to
what's going on and what's
trending and what's changing
about our industry, and you have
to be willing to pivot with it.
So what are some of the biggest
changes that I'm seeing in the
industry in 2023? I gotta say
it's technology. I think
technology is impacting most
industries right now. And the
beauty industry is no different.
One of the really cool things
that we've implemented in the
salon and at Aspire is the fish
technology. So there's a company
out there called Vish, and it is
a color weighing system that is
designed to help reduce the
color waste in your salon. And
it also has a ton of other
benefits, we're able to store
all of the clients formulations.
So if a client comes in and has
to see a different stylist,
everything that we've used on
her hair is saved in the
software. And that makes sure
that the client gets a
consistent experience, no matter
which stylists they have to see
with as being a green salon, we
really love the way that this
helps us reduce the waste. Not
only does it help the
environment, but it also helps
the bottom line, it tells us
exactly how much color we need
to mix up for that particular
guest when they come back for
their next appointment. So we're
not mixing up some standard
formulation that the
manufacturer recommends. This is
a very customized color
formulation, including the
amount that the guests needs, so
we're not wasting any color on
their service. One of my
favorite things about the kits
for the Aspire barber and Beauty
Academy is the iPads that they
get. So they are learning on a
digital platform. And so what
that means is we have replaced
standard textbooks and workbooks
with an iPad and their entire
curriculum can be found
digitally. And they also do all
of their tests and all of their
book work on these iPads as
well. And I think they are
thrilled with the technology.
And I think it's really easy for
them to access anywhere. So
something I really see changing
with clients and I think will
change even more over the next
five to 10 years is their
expectations for their
appointments. So you used to be
lucky if a client was willing to
book their next appointment. And
now it's very common place for a
client to book out their
appointments for the entire
year. Now, that's not to say
that, you know, something may
come up and that a rescheduling
may have to take place. But I
find that these days when a
client finds a stylist that they
really click with. And when
they're really happy with the
work that the stylist does, they
want to make sure they have that
appointment time, especially if
they're busy. If they're a busy
mom, and they work a really
tight schedule, they want to
make sure that they're able to
come in and get their hair done
when they need it done. So if
you are still writing your
appointments down in a notebook,
then you are way behind the
times you absolutely need to
have online scheduling. And you
need to make it as easy as
possible for clients to find you
and book with you. So we can
make all the predictions in the
world about what's coming for
our industry. But at the end of
the day, your success and your
future in this industry is up to
you. You need to make sure that
you're honoring yourself and
taking care of yourself as a
stylist and that looks a lot of
different ways. Making sure that
you are pivoting with this
industry is not only good for
your clients, but it's also
really good for you. Find out
what you're good at and become
an artist of your craft. You
don't have to be good at
everything. You don't need to
keep up with every single trend
but you do need to find what
makes you happy and you need to
go for it. And you need to get
really, really good at it so
that you can do more of it. This
industry is not for the weak,
it's physically emotionally and
mentally draining. And if you
ever feel like you're constantly
trying to get ahead you're never
going to catch up every stylists
needs to see themselves in their
future. What makes you happy?
What kind of work do you want to
do? What brings you joy? Fill
your own cup burst and then you
can pour into others.
Morgan Franklin: Thank you for
joining us on this episode of
The Aspiring Stylist Podcast
with Tracey Franklin. If you
enjoyed listening and you want
to hear more, make sure you
subscribe on Apple
Podcast,Spotify or wherever you
find your podcasts. The Aspiring
Stylist Podcast with Tracey
Franklin is a Morgan Franklin
Production. Today's episode was
written and produced by Morgan
Franklin editing and post
production by Mike Franklin.Want
to find out more about Tracey
and the Aspiring Barber and
Beauty Academy go to
aspirebarberandbeauty.com
