How to pay for a salon 💰

What should you be aware of?

When considering the payment solution for your salon, it is important to be aware of hidden costs and terms. A transparent payment solution can give you an overview and flexibility to choose the furniture and products that best suit your salon.

Did you know?

Denmark is the world champion in making purchases based on what we think we save. We tend to be impressed by high "original prices" – even if the item may never have cost the stated price. As a hairdresser, you deserve transparent offers and honest prices that meet your expectations.

Different payment options for your salon

Invoice

Paying by invoice is like buying a new jacket – you pay the full amount at once and avoid any commitments or extra fees. This method is perfect if you want to avoid interest and ongoing agreements. When you pay the full amount, you can also deduct the VAT on your taxes, which is an extra benefit for many salons and the reason many buy new inventory the month before they need to report their accounts.

Who should choose invoice?

This solution is ideal for those who have saved up and want a simple option without commitments.

Commitment agreements

Commitment agreements work by binding you to one supplier and paying for the inventory through ongoing purchases of items like shampoo and other consumables. It’s like buying a new set of plates and at the checkout having to say which dishes you are allowed to serve on them. Of course, this is perfect if you can get all your favorite dishes every single day.

Although this solution is often presented with "discounts" on both shampoo and furniture, you should remember that the price is often adjusted upwards so the supplier still covers their costs. With commitment agreements, you are tied to the supplier until the inventory is fully paid off.

Who should choose commitment agreements?

This solution suits you if you have a favorite product or supplier and want to have the products in your salon without paying too much upfront. You just want to get started – no matter the cost.

Financing

Financing is like buying a house, where you pay off furniture and equipment over a longer period, typically 12-36 months. The advantage is that you can start your salon without paying the full amount at once, and you avoid being tied to a specific supplier.

Who should choose financing?

Financing is ideal if you want flexibility and prefer to split the payment without being tied to a specific shampoo brand.

Final words

If you want to completely avoid fees and surcharges, you should pay by cash/invoice. Splitting the payment will always involve a cost. However, it may be worth a small extra charge to finance your dream salon. Are you unsure which payment solution suits your salon best? Send me an email below and get free advice to ensure you get the best solution for your salon.

Photo: Andeby.dk