The beauty industry has well
established data to the fact that it is a mega money spinner. C.J Walker, a
black female holds the record as the first black millionaire, even before there
was ever a Oprah Winfrey, as a result of beauty products she formulated for
black folks, particularly women, products which prior to that time were
non-existent. Another beauty giant who would have being inspired by this feat,
would Mary K. Ash, founder of Mary Kay range of beauty products.
This statistic
depicts the total revenue of the cosmetic industry in the United States from
2002 to 2011 and provides a forecast until 2016. The revenue of the U.S.
cosmetic industry is estimated to amount to about 62.46 billion U.S. dollars in
2016.(http://www.statista.com/statistics/243742/revenue-of-the-cosmetic-industry-in-the-us/). According to
the latest market research from Lucintel, rising consumer incomes and changing
lifestyles are driving the global beauty care products industry, which is forecasted
to reach around $265 billion by 2017.
A smart move
will be to position be oneself to reap from this money spinning
industry.(http://ng.oriflame.com/business-opportunity/discover). The beauty industry is an
ever expanding market and evergreen niche. As long as there is a need to look
good, there will always be money flowing into the pockets of smart
entrepreneurs. Once positive fact about the beauty industry is that the niche
is broad and the demand is ever growing.
Another cool
fact is that everybody is a customer, especially when it comes to the beauty
industry; from men, women and children,
etc(http://ng.oriflame.com/business-opportunity/all-about-you).
The beauty industry today encompasses far more
than cosmetics and skin care products, though they are still a significant
portion of the sector. A wide range of services and products are available to
help us put our best face forward, and the beauty industry now also encompasses
hair styling and hair removal, nail and tanning salons,massage parlors, shower
and shaving products, perfumes, colognes and more. Many people now treat their
beauty ritual as an escape from the hustle of the information age, whether its
a few minutes spoiling oneself with a high-end product or a full day at a
luxury spa.
Lotions, Treatments and Baths. Oh my!
Beauty industry opportunities can be broadly
separated between products and services, though many providers offer both.
Within both products and services, however, exist a wide range of business
models based on target market, production processes and location.
From exfoliating soaps and volumizing shampoos to
anti-wrinkle creams, the beauty industry provides us with choices galore to
keep us looking younger and healthier. Cosmetics exist for every style and
taste, as well as every skin tone, texture and even allergy. Rows of toothpaste
stretch off into the distance at the local retail outlet, and it is no longer a
choice only of brand, but between whitening, tartar protection, flavor,
packaging styles and more! And a similar story is told in the aisles for
perfume, deodorant and hair coloring.
So what are you waiting for? Why not position
yourself today
http://ng.oriflame.com/business-opportunity/become-consultant
