How to pay for a salon 💰

What should you watch out for?

When considering a payment solution for your salon, it's important to watch for hidden costs and terms. A transparent payment solution can give you clarity and the flexibility to choose the furniture and products that suit your salon best.

Did you know?

Denmark is world champion at shopping based on what we think we’re saving. We tend to be swayed by high "before prices"—even if the item may never have cost the stated price. As a Hairdresser, you deserve transparent offers and honest prices that live up to 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 commitments and 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 added benefit for many salons and the reason many buy new inventory in the month before they submit 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 a single 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 being told which dishes you are allowed to serve on them. It's of course perfect if you can get all your favorite meals 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 upward so the supplier still covers their costs. With commitment agreements you are tied to the supplier until the inventory is fully paid.

Who should choose commitment agreements?

This solution suits you who have a favorite product or supplier and want the products in your salon without paying too much up front. You just want to get started – whatever it takes.

Financing

Financing is similar to buying a house, where you gradually 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 a great option if you want flexibility and prefer to spread the payment, without being tied to a specific shampoo brand.

Final words

If you want to completely avoid fees and add-ons, pay by cash/invoice. Splitting the payment will always incur a cost. However, it may be a small extra charge worth paying to finance your dream salon. Unsure which payment solution fits your salon best? Write an email to me below and get free advice to make sure you get the best solution for your salon.

Photo: Andeby.dk