#374 - Salon profit margins and stylist compensation

Thriving Stylist Podcast

Britt Seva

Stylist, Business, Hair, Hairstylist, Marketing, Salon, Careers, Businessbuilding

4.7 • 2K Ratings

🗓️ 24 February 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are stylists truly getting what they deserve, and are owners protecting their bottom line? Compensation is always a hot topic, but right now especially everyone wants to make sure that they are getting what is appropriate. Today, we’re diving deep into the often-murky waters of salon profit margins and stylist compensation and I tackle the tough questions: Is your current compensation model actually hurting your business, and how can you ensure both stylist satisfaction and salon profitability?

Let’s be honest, there are a lot of shifts happening in the industry right now.

Are you ready to rethink everything you thought you knew about salon compensation? If so, hit “play” and discover how to create a win-win situation for everyone involved!

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Do you have a question for me that you’d like answered in a future episode like this one? A great way to do that is to head over to Apple Podcasts and leave a rating and review with your question. I'm looking forward to answering your question on a future episode on the podcast!

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Learn more at: https://thrivingstylist.com/podcast/

Transcript

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0:00.0	Do you feel like you were meant to have a kick-ass career as a hairstylist?
0:05.8	Like you got into this industry to make big things happen?
0:09.1	Maybe you're struggling to build a solid base and want some stability.
0:12.5	Maybe you know social media is important, but it feels like a waste of time because you
0:16.1	weren't seeing any results.
0:17.9	Maybe you've already had some amazing success, but are craving more. Maybe you're
0:21.9	ready to truly enjoy the freedom and flexibility this industry has to offer. Cutting and
0:26.9	coloring skills will only get you so far, but to build a lifelong career as a wealthy
0:31.5	stylist, it takes business skills and a serious marketing strategy. When you're ready to quit
0:36.6	just working in your business and start
0:38.2	working on it, join us here where we share real success stories from real stylists. I'm Britsieva,
0:43.7	social media and marketing strategist just for hairstylists, and this is The Thriving Stilist
0:47.9	podcast. What is up and welcome back to the thriving stylist podcast.
0:56.6	I'm your host, Pritzeva, and this week we're talking about salon profit margins and
1:01.2	stylist compensation.
1:02.4	And this is kind of a fun hybrid because, yes, I do think owners will get takeaways,
1:06.1	but I think stylists will get takeaways as well.
1:08.8	I think compensation is always a hot topic. But right now especially,
1:12.6	I think everybody wants to make sure they're getting theirs. And I think that's totally fair.
1:17.8	There's a lot of economic pressure, you know, as it relates to inflation and there's a lot of shifts in what it's looking like to build a clientele right now.
1:26.2	And I think concern over
1:28.0	keeping as much of the pie as you possibly can is so fair. And it goes both ways, right? So something that I
	...

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