CosmoBiz Magazine June 2017 | Page 60

shop these wigs, due to their advanced nature, are more expensive than your average unit. But, end users have high expectations and Pacific Wave delivers. The nat- ural look, the lack of shedding, and a wide variety of aspects all come together to make customers loyal to the brand. Sadly, some retailers still have a false preconcep- tion that expensive wigs are difficult to sell. It may be misleading to overlook the fact that a bundle of hair has become so popular that a high-quality human hair wig feels bundled at the same time. There are many re- tail stores that profit from expensive human hair sales because of the misunderstanding of many retailers. It is true, however, that it is difficult for anyone to sell high-quality human hair. The image of the store de- termines the consumer segment, and the shop that ac- quires the hearts of high-end consumers can bring in better products. However, a high-end image can’t be developed overnight. Seo Seung-ho, president of the company, said, “First of all, you must discard any prejudices against your customers. It’s also a mistake to expect customers to change all at once, but it can also be misleading to say, ‘Everyone who comes to our store is poor.’ Even if one quality product is visible to customers, your reputation can begin to change. A good store has a good store im- age, and a good product has the benefit of high profit. In order to develop the image of a high-quality store, you must put in the effort otherwise your image will not change.” Research has shown that shops who work to develop a better setting do more, and better business. It seems that it is partially the products that have the power to create a virtuous cycle. Once consumers see the benefits of using higher-end products, they rarely want to switch back. It’s also important to note that with products that are more expensive very few will want to spend the 60 C O S M O B I Z S A L O N money without inspecting the unit in person, meaning it’s a good way to bring clients back in. Many people erroneously believe that black consumers are unwilling to spend money. The truth is they’re willing to spend money when the setting is right. Few people are willing to pay top dollar at a dollar store setting. As Seo Seung- ho explained, a store with a good image can make good money and that starts with how you display yourself. An anonymous retailer, who works with Pacific Wave, spoke with two unexpected caucasian customers interested in one of the company’s wigs. “Most cauca- sian wig specialty stores have closed, and it is hard for consumers to buy online because the pictures can be so variable,” he explained. “They have to find a black beauty supply that deals with high quality wigs. These aren’t always easy to find, but the Pacific Wave units fit the bill.” “There are retailers who say they can not even think about selling Pacific Wave wigs,” he added. “Previous- ly, I paid $1.99 and $2.99 for a day at the checkout desk, and now I am happy to see that the sale of the merchan- dise is now much higher. Also, many of our customers thought that they would never buy expensive wigs, but now they’re having a change of heart. Consumers are willing to buy good hair even if they pay a higher price, but since they’re used to lower quality they have to see the true difference.” If you can not persuade the consumer with words alone, you can start by adding products that are only moderately more expensive, but have better quality. If you begin to showcase better items slowly, your cus- tomers will begin to become acquainted and curious about these items. This process can slowly upgrade your image as a store and draw more of the types of consumers willing to spend money. You may find that your current customers are just as interested too. If you look to mass market stores such as Sephora or the Body Shop, it becomes clear that consumers are more than willing to open their wallets; you just need to harness the power of marketing and display. If you can not fol- low the great marketing skills of mainstream giants right away, why not start with a product that fascinates consumers? Start with the Human Hair wig from Pacif- ic Wave. Seo Seung-ho