14 Min Read |
It’s an exciting time for anyone considering entrepreneurship with the beauty industry. As an entrepreneur you have probably considered a number of options and avenues you think would best suit your skill set, and ultimately focused on an area where you see the greatest opportunity for growth.
As excitement surrounding your idea grows and you spend time researching how to start your own beauty business, many options and choices will appear on how to actually get started.
Yet typically, many entrepreneurs encounter unforeseen challenges that cost them time and money when it comes to finding the right cosmetics manufacturer for their beauty business. Finding the right partner is tough work and can be at times frustrating.
In this article, we’ll cover all you need to know as your search for a reliable manufacturer for your new business. Taking into account where to start your search, the best way to approach potential partners and how to qualify them.
Table of Contents
- The Fundamentals: What Are You Looking For?
- Domestic vs. Overseas Manufacturers
- Where To Start Your Search For A Manufacturer
- Requesting A Quote
- Evaluate Bid Submissions
- Negotiating Supplier Contracts
- Monitor Supplier Performance
- Ready To Start Your Journey?
The Fundamentals: Where to start?
For the sake of the simplicity we’ll refer to manufacturer as anyone who is the position to supply your business with the required inventory. At times this may also include suppliers, distributors or wholesalers.
Starting out, there are a few key points you need to consider.
Firstly, you need to think about what…
What is Beauty Business Journal?
Ideas. Frameworks. Community.
Today’s business owners, CEO’s, directors and commercial teams have only 1% of their entire week to dedicate to learning. They want knowledge from peers and experts, information from those at the forefront. They need to make every moment count.
The question: What are YOU doing with your 1%?
Inside Beauty Business Journal you’ll get access to industry knowledge and analysis delivered via weekly interactive emails, including data-led insights, deep-dives into key areas like technology, retail, marketing, strategy and media, plus a community of professionals just like you.
We’re building the beauty community of tomorrow, making it easier to learn, grow and connect with industry peers.
Already a Member? Sign in here
(*or equivalent £7/€8 per month)
(*or equivalent £72/€82 per year)
Save 16% if you pay annually
When you join Beauty Business Journal, you get instant access to the following:
- Podcast & Written Content. Instant access to over 3 years worth of thought leadership. We deep dive into the trends and topics that modern businesses are confronting daily.
- Processes/Frameworks: We share the most effective processes and strategies our team have studied and learned from over the years. Frameworks used by some of the most successful brands in the industry. Designed to help you create effective go-to-market strategies, build a stronger brand presence, convert more customers, improve ecommerce infrastructure – we share it all, so you walk away with actionable takeaways every time. (Think Charlotte Tilbury, Hero Cosmetics, Harrys, Beautyworld Middle East, etc.)
- Weekly Interactive Emails. Critical analysis on trending and popular topics in the beauty industry.
- Our Weekly Round-Up Email. Our weekly briefing, featuring agenda setting news & analysis.
- Beauty Business Journal Community. Connect with industry professionals like you in our Facebook group (Retailers, Marketers, Manufacturers, Distributors, Entrepreneurs).
- Ask Me Anything. We do open AMAs and then answer questions on the podcast.
- No Risk. No Commitment. It’s $10. That’s the equivalent of buying two coffees a month. And, our aim is to deliver more value than you’d get from a course or event you’d typically pay 10-20x that for. That’s our goal. Plus, you can cancel at any time.
Who is the Beauty Business Journal community for?
Our members are entrepreneurs, indie founders, commercial management within multinational organisations, sales and marketing professionals, venture capitalists, investors, agencies and consultants, from over 135 countries. They are serious professionals who have built brands or are on a journey to doing so.
Inside, you’ll have access to the resources and community you need to become a better business operator.
Email/Web
Podcast
Current Members
Join thousands of members like you gaining the edge with Beauty Business Journal, from companies including:
What People Say?
Frequently Asked Questions
How Can I Get My Membership Paid For?
We wanted to make it easier to get your Beauty Business Journal membership paid for by your company if you aren’t already. When you join, you’ll get a template that you can send to your manager or CFO so you can have your company expense your membership.
Can I Buy A Subscription For My Team?
Yes! Please fill out the form here.
Can I Give A Subscription As Gift?
Yes! Please visit this page.
Can I Switch To An Annual Plan?
Yes! Just go to your account page and select the annual plan. You will be charged immediately, and your plan will be extended a year from your existing expiration data (for example, if your monthly plan is set to expire on October 31, and you switch to an annual plan on March 15, your expiration date will be extended to October 31 of the following year).
Do You Have A Student Discount?
Beauty Business Journal is purposely kept at a low price — thousands of dollars less than other publications or newsletters — to ensure it is accessible to everyone, including students.
How Do I Cancel My Subscription?
We’d hate to lose you, but you can choose to deactivate your membership in your member profile. You can enjoy Beauty Business Journal for the duration of your membership, and it will be cancelled when it expires. If you cancel, there are no refunds for your existing subscription.
*Subscriptions are non-transferable. Login details and any Beauty Business Journal content may not be shared or reproduced. Please note that all subscriptions auto-renew monthly/annually (but can be cancelled at any time). To give Beauty Business Journal as a gift click here. If you are interested in ordering and managing multiple subscriptions for your team or company, please fill in the form here.
Updated March 2021
