Here's how you offer profitable nail artist services

nail artist profitability

Embarking on the journey of becoming a nail artist is an exciting venture for those with a flair for creativity and a love for beauty and self-expression.

Whether you're a seasoned nail technician aiming to establish your own brand or an enthusiast ready to transform your passion into a profession, launching your nail artistry business requires strategic foresight and commitment.

In this blog post, we'll navigate you through the crucial stages of starting as a nail artist, from the spark of your original idea to the ribbon-cutting of your very own studio.

How you should prepare to offer nail artist services

Market Research and Concept

Choose a concept

Choosing a concept is one of the first steps in becoming a nail artist because it defines your brand and the services you'll offer, the design of your salon, and who your target clients will be.

It will influence all your subsequent decisions (like the location, salon decor, service menu, pricing, and marketing strategy). A well-defined concept can help your nail artistry business stand out and attract the right clientele.

In simple terms, picking the right concept is like deciding what theme you want your nail artistry to embody before you start creating the atmosphere and crafting the experience.

To assist you in making an informed choice, we have summarized the most popular concepts for a nail artist in the table below.

Concept Description Audience
Luxury Nail Salon Offers high-end nail services with premium products, often including additional pampering services. Clients seeking a luxury experience, high-income individuals.
Express Nail Bar Focuses on quick and efficient nail services, perfect for clients on the go. Busy professionals, clients looking for convenience.
Eco-Friendly Nail Studio Uses environmentally friendly and non-toxic nail products, appealing to eco-conscious clients. Eco-conscious individuals, health-aware clients.
Artistic Nail Design Studio Specializes in creative and custom nail art designs, often collaborating with clients for unique creations. Art enthusiasts, clients wanting personalized designs.
Home-based Nail Salon Operates from a home setting, offering a cozy and personalized service, often by appointment only. Local residents, clients preferring a homely atmosphere.
Mobile Nail Service Provides nail services at the client's location, offering convenience and flexibility. Homebound clients, corporate events, parties.
Nail Education Center Offers nail art courses and workshops in addition to services, targeting aspiring nail artists and hobbyists. Aspiring nail technicians, DIY enthusiasts.
Themed Nail Salon Creates a unique experience based on a specific theme (e.g., seasons, holidays, pop culture). Themed event enthusiasts, clients looking for a novel experience.
Wellness Nail Spa Combines nail services with wellness treatments like massages and reflexology. Health and wellness seekers, clients looking for relaxation.
Men's Nail Grooming Lounge Caters specifically to men's nail care needs, offering a masculine environment and services. Men seeking grooming services, male professionals.
Discount Nail Chain Offers affordable nail services with a focus on volume and efficiency. Budget-conscious clients, students.
business plan nail technician

Pick an audience

As a nail artist, the concept of your salon and the services you offer should be tailored to the specific clientele you aim to attract.

For instance, if you're looking to cater to a younger, trend-conscious crowd, you might focus on offering the latest nail art designs, vibrant polish colors, and maybe even some eco-friendly or vegan nail products. Your salon could be situated in a trendy neighborhood or near a university to draw in this demographic.

Conversely, if your target audience is busy professionals, you might offer express manicure services, online booking for quick appointments, and a sleek, minimalist salon design that appeals to a clientele with a no-fuss attitude. A location in the business district or near office buildings would be ideal for this group.

Understanding your target audience is crucial because it shapes every aspect of your nail salon, from the services and products you provide to the salon's decor and location. It's similar to selecting a present; you consider the recipient's preferences before choosing the gift to ensure they'll appreciate it.

Moreover, knowing your audience enables you to communicate with them more effectively. If you're aware of who you're trying to attract, you can tailor your marketing efforts to reach them where they're most likely to notice, such as on social media platforms popular with your demographic or through local business partnerships.

In our business plan for a nail salon, we have identified various customer segments that could be pertinent to your venture.

To help you envision the potential clientele for your nail salon, we've compiled a summary of typical customer segments below.

Customer Segment Description Preferences / Needs
Trendy Young Adults Style-conscious individuals seeking the latest nail trends. Latest nail art, bold colors, eco-friendly products, and a vibrant salon atmosphere.
Busy Professionals Time-strapped individuals looking for efficient service. Express manicures, online booking, long-lasting treatments, and a modern, efficient salon environment.
Bridal Parties Groups celebrating special occasions like weddings. Group packages, custom nail designs, luxurious treatments, and a comfortable space for socializing.
Health-Conscious Clients Customers interested in non-toxic and cruelty-free nail care. Non-toxic polishes, cruelty-free products, and a focus on natural nail health.
Seniors Older clients who enjoy pampering and socializing. Gentle treatments, therapeutic services, and a calm, welcoming atmosphere.
Beauty Enthusiasts Individuals who enjoy high-end, luxury beauty experiences. Premium services, high-quality products, exclusive designs, and an upscale salon ambiance.

Get familiar with the industry trends

As a nail artist, staying current with the latest trends in the industry is crucial for attracting and retaining clients. Trends can dictate the popularity of certain nail art designs, techniques, and colors, and by offering these trending services, you can differentiate yourself from competitors who may not be as up-to-date.

For instance, we regularly update our business plan for nail artists to include the latest emerging trends. This ensures that you can offer services that are in high demand and keep your business thriving.

One trend that has been gaining momentum is the use of eco-friendly and non-toxic nail polishes. Clients are becoming more conscious of the ingredients in their beauty products and are seeking healthier options for their nails.

Another trend is the rise of intricate nail art designs, including 3D elements and mixed media, which allow for a high degree of personalization and creativity.

Additionally, the demand for long-lasting treatments like gel and dip powder manicures continues to grow, as clients look for durability and value in their nail services.

With the prevalence of social media, having Instagram-worthy nails is more important than ever. Nail artists who can create eye-catching, photogenic designs can benefit from increased online exposure.

We have compiled a list of more trends in the table below.

Trend Description
Eco-Friendly Products Using non-toxic, vegan, and cruelty-free nail polishes and treatments to appeal to environmentally conscious clients.
Personalized Nail Art Creating custom nail designs that reflect the individual style and preferences of each client.
Advanced Techniques Incorporating advanced nail art techniques such as 3D designs, airbrushing, and encapsulated elements.
Durability Offering long-lasting manicure options like gel and dip powder to clients seeking durability and low maintenance.
Social Media Ready Designing nails that are visually stunning and likely to be shared on social media platforms for increased visibility.
Health & Wellness Providing services that promote nail health, such as treatments for nail strengthening and growth.
Minimalist Designs Offering simple, elegant designs that cater to clients who prefer a more understated look.
Texture and Patterns Experimenting with different textures and patterns, such as matte finishes, chrome, and holographic effects.
Seasonal Themes Creating nail art that aligns with seasonal trends, holidays, and events throughout the year.
Color Trends Staying up-to-date with the latest color trends and incorporating them into nail designs.

However, there are also some declining trends.

For example, the use of harsh chemicals in nail services is becoming less popular as clients become more health-conscious.

Also, overly complex and time-consuming nail art may be on the decline as clients look for more practical and time-efficient options.

Finally, with the rise of eco-consciousness, the use of single-use plastics and non-recyclable materials in nail salons is increasingly being avoided by both clients and nail artists alike.

business plan nail artist services

Choosing the ideal location

Choosing the ideal location for your nail salon is a key factor in determining its success, and it requires careful consideration of several important elements.

Begin by analyzing the local demographics. Understanding the characteristics of the people in your area can help you tailor your services to their needs and spending habits. For instance, if the neighborhood is filled with working professionals, you might want to offer express manicure services during lunch hours or after work. If the area has a high concentration of fashion-conscious individuals, offering the latest nail art trends could be a winning strategy.

Visibility and accessibility are crucial. A spot that's easily noticeable and reachable on foot, by car, or via public transportation can significantly increase the chances of walk-in clients. Prime locations might include areas with high foot traffic, such as shopping centers or commercial streets.

Accessibility also means providing convenient parking or being within a comfortable walking distance from residential or commercial hubs where your potential clients frequent.

Competition can be both beneficial and challenging. While you may not want to set up shop directly next to another nail salon, being in an area with a few competitors can indicate a healthy demand for nail services. However, identifying a unique selling proposition or a gap in the market can give you an advantage.

Consider the synergy with nearby businesses. Being close to hair salons, spas, or boutiques that do not offer nail services can create opportunities for cross-promotion and attract clients looking for a full beauty experience.

Rent costs are a significant factor. Locations with high visibility and traffic often come with higher rents, so it's vital to weigh the potential for increased clientele against the lease expenses. Make sure the rent is manageable based on your projected earnings. Sometimes, a less visible location with substantially lower rent can be more profitable in the long run.

Negotiating favorable lease terms can have a major impact on your nail salon's financial well-being. This could include securing a lease with renewal options, negotiating limits on rent hikes, or obtaining a reduced rent period initially to offset setup costs.

Look into the growth prospects of the neighborhood.

Is the area developing, with new residential or commercial projects that could bring additional clients your way? Having the option to expand your salon space in the future without relocating can be a significant advantage as your business flourishes.

Do not underestimate the importance of parking and public transportation access, as these factors greatly contribute to customer convenience. A location that's easy for clients to reach is more likely to secure repeat business.

Employing market research and demographic analysis tools can offer valuable insights into the most suitable areas to open your nail salon. These resources can help pinpoint neighborhoods with the perfect client base for your services.

The choice between a bustling city center and a quieter residential area hinges on your target clientele and business model. City centers can provide high foot traffic but often come with steeper rents and increased competition. Residential areas may offer a loyal customer base with potentially lower rent but might require additional marketing efforts to become a go-to destination.

Being situated near lifestyle or community centers, educational institutions, or office buildings can ensure a steady stream of potential customers, especially if your nail salon provides services that cater to the routine needs of these populations.

It's also essential to understand local zoning laws, health regulations, and other legal requirements to confirm that your chosen location is suitable for a nail salon. Adhering to these regulations from the outset can prevent costly and time-consuming issues down the line.

Lastly, assessing the long-term viability of a location is critical. Take into account any planned developments in the area that could impact your business, either by attracting more customers or by increasing competition or rental costs.

Startup budget and expenses

Calculate how much you need to start

On average, the initial capital needed to become a nail artist can vary significantly, ranging from as low as $2,000 to $10,000 for a modest home-based setup to $15,000 to $30,000 for a more professional salon environment.

If you want to know the exact budget you will need for your own nail salon and also get a full detailed list of expenses, you can use the financial plan we have created, specifically for nail artists. This excel file is designed to be very user-friendly and will provide you with an instant and comprehensive analysis of your future venture.

The budget can fluctuate mainly due to the location of the nail salon. Prime locations in high-traffic areas tend to have higher rental costs, which can significantly increase startup expenses.

The scale of the nail salon also impacts the initial investment. A larger space not only means higher rent but also necessitates more supplies, staff, and equipment, leading to increased operational costs.

The quality of equipment is another important factor. Investing in high-quality, durable nail salon equipment can be costly but may save money over time due to less frequent replacements and repairs. On the other hand, starting with second-hand or lower-quality equipment can lower initial costs but might result in greater maintenance or replacement expenses down the line.

If the available capital is limited, it's still possible to start as a nail artist, but careful planning and smart budgeting are essential. The very minimum budget could be around $2,000 to $5,000 if you opt for a home-based operation, minimize the scale of your services, purchase second-hand equipment, and handle most of the tasks yourself. This approach requires a focused strategy, perhaps specializing in a particular style or technique to reduce costs and complexity.

To maximize a limited budget, consider the following tips.

Aspect Tips
Location Consider starting from home or renting a chair in an established salon to reduce overhead costs. Look for areas with reasonable rent but still accessible to your target clientele.
Equipment Buy gently used or refurbished nail salon equipment from trusted sellers. Prioritize essential items and plan to upgrade as your business grows.
Services Begin with a concise service menu focusing on popular treatments that don't require a vast array of products or tools. Streamline your offerings to minimize initial investment and inventory.
DIY and multitasking Perform multiple roles within your nail salon, from nail technician to customer service, to save on labor costs. Enlist the help of family and friends when necessary to keep hiring to a minimum.
Marketing Leverage cost-effective marketing tactics such as social media presence, word-of-mouth referrals, and local community events to attract clients without a large advertising budget.
business plan nail artist services

Identify all your expenses

The expenses when starting as a nail artist include equipment purchases, licensing and permits, insurance, marketing and advertising, technology and software, professional training, product inventory, and a reserve for unexpected expenses.

Essential equipment for a nail artist includes manicure tables, chairs, UV/LED lamps, nail polish racks, and a variety of tools and brushes. Costs can vary, but on average, you might spend between $1,000 to $5,000. High-quality or new equipment will be at the upper end of this range, while you can save by purchasing used equipment. Manicure tables and UV/LED lamps are among the most important, as they directly impact the quality of your services.

Licenses and permits are critical for legal operation. Costs vary by location but typically range from a few hundred to a few thousand dollars. This includes cosmetology licenses and health department permits.

Insurance is essential to protect your business against liability, property damage, and other potential risks. Essential policies include general liability and professional liability insurance. Annual premiums can range from $500 to $3,000 or more, depending on your coverage levels and the scale of your operations.

Allocating funds for marketing and advertising is crucial for attracting clients. Initially, you might spend between $500 to $3,000 on marketing efforts, including social media advertising, traditional advertising, and creating a website. The amount can vary based on your strategy and the competitiveness of your market.

Investing in technology and software for appointment scheduling, customer management, and accounting software is important. Costs can range from $100 to $1,000, depending on the sophistication of the systems you choose. Subscription-based services may have ongoing monthly fees.

There are also training costs for professional development and staying up-to-date with nail art trends. Setting aside $200 to $1,000 for initial training and ongoing professional development can help ensure high-quality services. This also includes any costs for obtaining or maintaining personal certifications.

Establishing and maintaining an inventory of nail polishes, gels, acrylics, and other necessary supplies is an ongoing expense that can fluctuate based on market prices and your service volume. Initial inventory setup can cost between $1,000 to $5,000. Developing relationships with reliable suppliers and considering bulk purchases for non-perishable items can help manage costs.

Finally, setting aside a reserve for unexpected expenses or emergencies is crucial. A good rule of thumb is to have at least three to six months' worth of operating expenses saved. This can cover unforeseen repairs, equipment failures, or shortfalls in cash flow.

Here is a summary table to make it easier to digest. For a full breakdown of expenses, please check our financial plan for nail artists.

Expense Category Importance Cost Range (USD) Notes
Equipment High $1,000 - $5,000 Includes manicure tables, chairs, lamps, polish racks, tools. Essential for service quality.
Licenses and Permits High Hundreds to thousands Varies by location. Necessary for legal operation.
Insurance High $500 - $3,000/year General liability, professional liability. Protects against various risks.
Marketing and Advertising Moderate to High $500 - $3,000 Initial efforts to attract clients. Can vary based on strategy.
Technology and Software Moderate $100 - $1,000 For scheduling, customer management, and accounting. Essential for efficient operation.
Professional Training Moderate $200 - $1,000 For quality service. Includes nail artist's professional development.
Product Inventory Ongoing Expense $1,000 - $5,000 For polishes, gels, acrylics, etc. Initial setup cost, varies with market prices.
Reserve for Unexpected Expenses High 3-6 months of operating expenses Covers unforeseen repairs, equipment failures, cash flow shortfalls.

Business plan and financing

Make a solid business plan

You might have heard this before, but it bears repeating: crafting a business plan when becoming a nail artist is essential.

Why is this the case? A business plan acts as a strategic guide for your venture, detailing your objectives, methods for achieving them, and potential obstacles you may encounter. A well-thought-out business plan is not only crucial for maintaining organization and focus but is also indispensable if you're looking to attract funding from investors or financial institutions, as it showcases the feasibility and prospective success of your nail artistry business.

The core elements of a nail artist's business plan should encompass market research, financial projections, and operational strategies, among other details. Market research is vital to understand your clientele, their preferences, and what your competitors are offering. This involves studying trends in the nail art industry, pinpointing your direct competitors, and determining a niche or unique value proposition that distinguishes your services.

Financial planning is another crucial component. This section should detail your anticipated income, costs of supplies (including nail polish, tools, and equipment), labor expenses, and other overheads. It should also feature forecasts for profit and loss, cash flow statements, and a break-even analysis. Financial planning provides a transparent view of your nail art business's fiscal health and prospects for growth. You will find all of this in our financial plan for nail artists.

While the structure of a nail artist's business plan shares commonalities with other business plans, the focus on certain areas may vary.

For instance, a nail artist will emphasize skill development (perfecting various nail art techniques), supply specifics (securing high-quality and durable nail products), and location analysis (choosing a spot with good visibility or high client traffic). Additionally, it's crucial to show adherence to health and safety standards specific to beauty and personal care services.

To create an effective business plan as a nail artist, you should conduct in-depth research and maintain realistic expectations regarding your financial estimates and capabilities. Engage with potential clients to grasp their needs, preferences, and what they're willing to spend on your nail art services. Also, think about how scalable your business model is and how you might broaden or modify your service offerings down the line.

In the case of a nail artist, special attention should be given to establishing a strong brand identity and marketing strategy that connects with your intended audience. Emphasizing the quality of your materials, the creativity of your designs, or the personalized experience you provide can set you apart in a competitive market.

Success depends not only on the excellence of your nail art but also on meticulous planning, understanding your market, prudent financial management, and the effective execution of your operational plan.

Keep in mind, a business plan is not a static document but a dynamic one that should be revisited and revised as your nail art business flourishes and progresses.

business plan nail technician

Get financed

Don't have the capital to start your own nail salon? No problem, there are plenty of financing options available to help you launch your dream business.

As a nail artist, you can explore various sources of financing: seeking investment from angel investors or venture capitalists, securing a loan from banks or alternative lenders, and applying for grants or scholarships specifically aimed at beauty entrepreneurs.

Each financing method comes with its own set of benefits and things to consider.

Seeking investment means finding individuals or firms willing to put money into your nail salon in exchange for equity. This can be a great way to get a large amount of capital without the need to repay a loan. However, it also means you'll be sharing ownership of your salon and may have to work with your investors on key business decisions.

For a nail salon, this could be a good option if you're looking to open in a high-traffic area or want to create a luxurious space with high-end furnishings and the latest nail technology. To attract investors, you'll need a compelling business plan that shows market knowledge, a unique value proposition, and a clear path to profitability.

Securing a loan is another common financing route. This option allows you to maintain full control over your business, but you'll need to pay back the borrowed amount with interest. Loans can be used for a variety of purposes, such as leasing a space, buying supplies and equipment, or covering marketing expenses.

Lenders will typically require a down payment or collateral, which might range from 15% to 25% of the loan amount. It's crucial to ensure that the loan doesn't strain your business finances—your nail salon's projected income should be able to handle the loan payments while still allowing for operational costs and growth.

Grants and scholarships are less common but can be a valuable resource. These funds are often provided by government programs, industry associations, or private foundations to support small businesses and entrepreneurs in the beauty industry. They don't need to be repaid but are usually awarded based on specific criteria and can be highly competitive.

While not a primary source of funding, grants and scholarships can be used to complement other financing methods for education, equipment, or eco-friendly initiatives within your salon.

To effectively secure financing, whether from lenders or investors, you'll need to demonstrate the viability of your nail salon. This means creating a detailed business plan that includes market analysis, target customer profiles, financial projections, and a marketing strategy. Your business plan should showcase what makes your nail salon unique, such as specialized services, a strong brand, or a strategic location.

Financiers will evaluate your proposal based on your creditworthiness, industry experience, collateral, and the robustness of your business plan. They'll scrutinize your financial projections to determine if you can generate sufficient revenue to cover expenses, repay debts, and turn a profit. A deep understanding of the beauty industry, customer trends, and competitive positioning will also strengthen your case.

Below is a summary table of the various financing options available for opening a nail salon, along with their advantages, considerations, and potential uses:

Financing Option Advantages Considerations Potential Uses
  • No repayment obligation
  • Can provide substantial initial capital
  • Partial loss of ownership
  • May involve shared decision-making
  • Securing a premium location
  • Upscale salon setup
  • Advanced nail art equipment
Business Loans
  • Full ownership retained
  • Flexible use of funds
  • Repayment with interest
  • Down payment or collateral required
  • Leasehold improvements
  • Supply and equipment purchases
  • Marketing and advertising
  • No repayment necessary
  • Can support niche or innovative projects
  • Highly competitive
  • May have specific eligibility requirements
  • Professional development
  • Eco-friendly salon practices
  • Specialized equipment or services

Legal and administrative setup

Permits and Licenses

Starting a career as a nail artist involves not only skill and creativity but also a thorough understanding of the regulatory landscape to ensure your services are provided legally and safely.

The specific permits, licenses, health department regulations, inspection schedules, consequences of non-compliance, and insurance policies you'll need can differ based on your location, but there are common requirements that are applicable in many areas.

Firstly, you'll need to secure the appropriate business permits and licenses.

This usually involves obtaining a cosmetology or nail technician license from your state's cosmetology board, which often requires completing a certain number of hours of training at an accredited school and passing an exam. A general business license from your city or county will also be necessary, along with a sales tax permit if your state imposes sales tax on services.

It's imperative to consult with your local government to determine the exact requirements for your region.

When it comes to health department regulations, nail artists must adhere to strict sanitation and safety standards to prevent infections and the spread of disease.

This includes proper sterilization of tools, use of sanitary practices during nail services, maintaining a clean work environment, and regular training for any employees on health and safety protocols. Health department inspections are typically conducted to ensure these standards are met. The frequency of these inspections can vary, but they are often performed annually or biannually, with additional inspections possible in response to complaints or prior infractions. Some areas may also mandate a pre-operational inspection before you can begin offering nail services.

Failure to comply with health department regulations can lead to penalties such as fines, mandatory closure of your nail studio until issues are resolved, or, in extreme cases, permanent closure or legal action. It is crucial to take these regulations seriously and ensure that your nail services meet all health and safety requirements.

Insurance is another essential component of safeguarding your nail artist business. At the very least, you'll need professional liability insurance to cover any claims of negligence or harm resulting from your services.

General liability insurance is also important to protect against accidents or injuries that may occur on your premises. If you employ others, workers' compensation insurance is typically mandatory to cover any work-related injuries or illnesses. Additionally, you might consider property insurance to protect your equipment and supplies from damage or theft.

Lastly, product liability insurance could be beneficial, as it can protect your business in the event that the products you use cause harm to clients.

business plan nail artist services

Business Structure

The three common structures for starting as a nail artist are LLC (Limited Liability Company), partnership, and sole proprietorship. Each has distinct features and implications for your business operations.

Please note that we are not legal experts (our expertise is in business and financial planning) and that your choice should be informed by your willingness to take on risk, how you want to manage taxes, and your plans for growing and potentially selling your nail art business.

In simple terms, a sole proprietorship is the easiest to manage but comes with personal liability. A partnership allows for shared responsibility but necessitates clear agreements to mitigate risks. An LLC provides a mix of liability protection and operational flexibility, which can be very appealing for businesses looking to expand.

Think about your long-term objectives, and seek advice from a financial advisor or attorney to make the most suitable decision for your nail art business.

To help you out, here's a summary table.

Feature Sole Proprietorship Partnership LLC
Formation Easiest to set up Simple, but requires a partnership agreement More involved, requires filing Articles of Organization
Liability Unlimited personal liability Usually personal liability, but can vary with partnership type Limited personal liability
Taxes Income is taxed on personal tax returns Income is passed through to partners' personal tax returns Option for pass-through or corporate tax structure
Ownership and Control One person in charge, complete control Control is divided among partners as per the agreement Controlled by members; can opt for member-managed or manager-managed
Raising Capital Relies on personal assets and loans Partners can contribute resources More opportunities to secure investment; can issue membership interests
Expansion and Sale Directly linked to the owner, more challenging to sell Dependent on partner consensus, can be intricate Ownership transfer is more straightforward, more appealing to purchasers
Regulatory Requirements Few Varies, more than sole proprietorship Considerable, including compliance and state-specific obligations

Getting started to offer nail artist services

Offer development

Design and lay out

Designing and laying out your nail salon for operational efficiency and an enhanced customer experience requires thoughtful consideration and meticulous planning.

Let's explore how you can achieve this, focusing on customer flow, balancing equipment needs with budget, and ensuring health and safety.

Firstly, envisioning customer flow is crucial.

Your nail salon's design should guide clients seamlessly from the entrance to the reception desk, past the waiting area, to the nail stations, and finally to the drying area or relaxation space, if provided. This flow should be intuitive, minimizing congestion and ensuring a smooth transition from one area to the next. Place your most eye-catching nail art or promotional offers near the entrance to immediately draw clients' attention.

This setup not only highlights your services but also encourages clients to consider additional treatments as they move through the salon.

Regarding the design to facilitate this flow, consider the layout's openness and accessibility.

Spacious aisles, clear signage, and a logical arrangement of the space promote easy movement and a comfortable environment. The reception area should be clearly marked and separate from the nail stations to prevent overlap and confusion. If your salon offers a relaxation area, ensure it's comfortably distanced from the workstations to maintain a tranquil atmosphere for those enjoying their services.

Balancing the need for high-quality equipment with budget constraints is a common challenge.

Start by prioritizing essential equipment that directly impacts the quality of your services, such as manicure tables, comfortable client chairs, and durable nail lamps. These are worth investing in because they are the core of your nail salon's operations. For other items, consider purchasing gently used or refurbished equipment from reputable suppliers to save money without significantly compromising quality.

Additionally, plan for equipment that offers versatility and efficiency, like multi-function nail stations or portable pedicure spas, to get the most value for your investment.

Health and safety in the nail salon layout are non-negotiable. Your design must include zones designated for different services to prevent any potential hazards. For example, separate areas for manicures, pedicures, and nail art ensure that each service is performed in a controlled environment. Install sanitation stations at key points, especially near the nail stations and waiting area, to encourage regular hygiene among staff and clients.

Specific protocols for tool sterilization, workstation cleanliness, and service procedures are crucial for safety and compliance. Implement a system that ensures all tools are sanitized between clients and that workstations are cleaned thoroughly after each service.

Train your staff thoroughly in hygiene and sanitation practices, emphasizing the importance of handwashing, using fresh towels for each client, and avoiding any practices that could lead to infections or other health issues.

Regularly review and update these protocols to comply with local health regulations and industry best practices.

Craft your offer

Your service portfolio and the quality of your nail art will be the reason why your nail salon is successful (or why it is failing).

To start, identify the preferences and needs of your target market through direct engagement, such as surveys and social media interactions, and indirect research, like observing trends in your area and reviewing what successful competitors are doing.

Once you have a clear picture of your target market's preferences, you can begin to craft a service list that not only appeals to their tastes but also stands out.

Incorporating the latest trends and techniques in nail art is a fantastic way to enhance appeal and stay relevant. This approach not only keeps your services fresh and exciting but also ensures that your offerings are in line with what's hot in the beauty industry. Make connections with suppliers to understand what products and colors will be popular throughout the year. This knowledge allows you to plan your services seasonally, offering special designs that can attract customers looking for the latest trends. Seasonal designs also create anticipation among your customers, as they look forward to the newest styles.

To ensure your nail art services stand out in a competitive market, focus on uniqueness and quality.

This can be achieved by offering specialty designs that are hard to find elsewhere, such as intricate hand-painted art, 3D nail sculptures, or eco-friendly and hypoallergenic options. Telling the story behind your designs, such as the inspiration behind a particular look or the introduction of new techniques, can also add a unique appeal.

Ensuring consistency and quality in your nail art involves establishing rigorous standards and processes.

This can include detailed design portfolios with high-resolution images and descriptions, thorough training for your nail technicians, and regular quality checks. Consistency is key to building trust with your customers, as they will know exactly what to expect each time they visit your salon. Invest in high-quality products and equipment, and don’t shy away from refining your techniques until you're confident they meet your standards.

Also, utilizing customer feedback is essential for continuous improvement and refinement of your nail art services. Create channels for feedback, such as comment cards, online surveys, and social media engagement, to understand what your customers love and where there might be room for improvement.

Be open to constructive criticism and willing to make changes based on customer input. This not only helps in refining your services but also shows your customers that you value their opinions, fostering loyalty and repeat business.

business plan nail technician

Determinate the right pricing

As a nail artist, setting the right prices is crucial to ensure you are profitable while keeping your services appealing to clients. Here's a strategy to balance these objectives.

Firstly, you must understand your costs thoroughly. This includes the cost of nail polish, gels, tools, labor, rent for your salon space, utilities, and any additional expenses that go into providing your nail services.

Ensuring your prices cover these costs is fundamental to your business's sustainability and growth.

Next, analyze the competition and the general market to gauge the going rates for nail services. This will help you determine a competitive yet reasonable price range. You don't necessarily need to match these prices, but they will provide a reference point.

Knowing how price-sensitive your target clientele is can be invaluable. Collect feedback, conduct surveys, or experiment with different price points to see how your customers react. This will help you find the sweet spot where clients feel they're getting good value without feeling overcharged.

Psychological pricing can also be effective. For example, setting a service at $29.99 instead of $30 can make a service seem more affordable, even if the difference is slight. This tactic can be particularly useful for more basic services like a standard manicure.

However, you should use this approach wisely to maintain the perceived quality of your services.

The perceived value is crucial in the nail industry. Enhancing this involves not only the quality of your work but also the overall client experience, your brand's image, and how you present your services.

For instance, using high-quality nail products, providing exceptional customer service, and creating a relaxing salon atmosphere can justify higher prices because clients perceive they are receiving a superior experience.

Implementing seasonal or time-based pricing can also be beneficial. For example, offering discounts during traditionally slower periods can increase bookings, or you could charge a premium for in-demand seasonal nail art.

When introducing new nail designs or services, consider using introductory pricing, such as limited-time discounts or package deals, to entice clients to try them. Once these services gain popularity, you can adjust the prices based on demand and cost factors.

For services booked online versus in-person, consider the different costs and customer expectations. Online bookings might save you time and therefore could be offered at a slightly lower price, or you could provide online-exclusive packages to encourage clients to use this booking method.

Finally, be cautious with discounting. While promotions can attract new clients and boost bookings, too much discounting can harm your brand's image and lead to a perception of lower quality. Use discounts strategically, such as for last-minute appointment slots, without making them a regular expectation for your clientele.

Manage relationships with your suppliers

Poor relationships with suppliers could significantly hinder your nail art business

Conversely, nurturing strong connections with suppliers ensures a consistent supply of high-quality nail products and tools. This is crucial for maintaining the standard of your nail art services.

Engage in regular communication, make prompt payments, and show appreciation for their products and services to build loyalty and dependability. Be clear about your expectations and requirements, and if possible, visit their facilities. Understanding their production and distribution methods can help you collaborate more effectively.

Consider negotiating long-term contracts for essential nail products like polishes, gels, and acrylics to secure competitive prices and a reliable supply. However, it's also wise to have a network of alternative suppliers to prevent any disruptions in case of shortages.

For inventory management, techniques such as First-In, First-Out (FIFO) are vital. This method ensures that older products are used before newer ones, reducing the risk of expired products. Keep a close eye on inventory levels to tailor orders to client demand, avoiding excess stock that could lead to unused, outdated products. A just-in-time (JIT) inventory system might also be beneficial, where products are ordered just as they are needed, though this requires accurate demand forecasting.

Technology can greatly enhance inventory management and minimize waste for a nail artist.

Using an inventory management system that syncs with your point-of-sale (POS) system allows for real-time tracking of product usage and sales data. This can help you more accurately predict which products you need to reorder, streamline your ordering process, and spot trends that could influence service offerings and marketing tactics.

Furthermore, digital tools can improve communication with suppliers, making it easier to adjust orders quickly and work together more efficiently.

As you expand your nail art services, you'll face challenges such as ensuring consistency in your designs, managing higher operational costs, and maintaining quality control. Overcome these challenges by standardizing your nail art procedures, providing comprehensive training for your staff, and investing in high-quality tools that boost efficiency without sacrificing the quality of your work.

Scaling up means you'll need more products, so negotiate with suppliers for bulk purchase discounts without compromising on the quality of your nail art supplies. As your business grows, quality control becomes increasingly important, necessitating strict adherence to your established standards and more frequent checks.

Effective cost control measures are crucial when it comes to sourcing and utilizing nail art materials and supplies. Regularly reassess and negotiate with suppliers to ensure you're receiving the best value for money without sacrificing quality.

Also, explore alternative products that may offer cost savings or are more affordable seasonally. Employ technology to monitor and analyze expenses, waste, and inventory levels to pinpoint opportunities for improvement. Reducing waste not only saves money but also supports sustainable practices, which can attract eco-conscious clients.

business plan nail artist services

Hire the right people

When starting your own nail salon, you should consider the roles you'll need to fill to ensure smooth operations. Initially, you may not need a large team, but having the right people in place is crucial for providing high-quality services and a great customer experience.

At the core, your nail salon will require a team that specializes in nail care, customer service, and salon management.

For nail care, you'll need skilled nail technicians who are trained in manicure and pedicure services, nail art, and the application of various nail products like gels and acrylics. A lead nail technician with extensive experience and a portfolio of creative work can help set the standard for services and mentor other technicians.

Customer service is key in the nail industry, so receptionists or front desk staff are essential for greeting clients, scheduling appointments, and managing the day-to-day client interactions. A salon manager or owner-operator who can oversee the salon's operations, manage staff, and handle administrative duties, including inventory management, ordering supplies, and ensuring compliance with health and safety regulations, is also vital.

Roles such as specialized nail artists for intricate designs, marketing specialists, and additional administrative staff might not be necessary at the beginning.

These positions can be filled as your salon grows and the demand for more specialized services increases. Outsourcing can be a strategic approach for roles like accounting, marketing, and even cleaning services, allowing you to focus on your core competencies while leveraging external expertise.

When hiring for key positions, prioritize candidates with a mix of technical nail care skills, experience, and a passion for beauty and customer service.

For nail technicians, look for certification from a reputable cosmetology or nail technician program, as well as hands-on experience in a salon setting. Excellent customer service skills are crucial for front desk staff, along with organizational abilities. For managerial roles, seek candidates with experience in salon or spa management, a strong understanding of business operations, and leadership qualities.

To assess the fit of potential hires for your salon's unique culture and demands, consider incorporating practical assessments into your hiring process, such as performing a manicure or nail art for technicians or role-playing customer service scenarios for front desk staff.

Look for candidates who demonstrate a genuine passion for nail care and customer service, as well as the ability to adapt to the fast-paced and sometimes unpredictable nature of the beauty industry.

Finding candidates with the right background and passion for nail care and customer service can be challenging.

Utilize beauty schools, nail technician forums, and social media platforms to reach potential candidates. Networking within local beauty communities and attending job fairs can also be effective strategies. Consider offering internships or apprenticeships to tap into emerging talent from beauty programs.

Here is a summary table of the different job positions for your nail salon, and the average gross salary in USD.

Job Position Profile and Skills Average Monthly Gross Salary (USD)
Nail Technician Proficient in manicures, pedicures, nail art, and application of nail enhancements 2,200
Lead Nail Technician Advanced nail care skills, mentorship abilities, creative portfolio 2,800
Nail Artist Specialized in intricate nail designs, artistic skills, attention to detail 3,000
Salon Manager Leadership and management skills, knowledge of salon operations, inventory management 3,500
Receptionist/Front Desk Staff Customer service skills, scheduling and booking appointments, knowledge of salon services 1,700
Cleaner/Janitor Knowledge of cleaning chemicals and supplies, physical stamina, attention to detail 1,400

Running the operations of your nail artist services

Daily operations

Running a nail salon smoothly requires organization, efficiency, and a touch of creativity. By adopting the right strategies, you can ensure your nail artistry business thrives with satisfied clients and a happy team.

Firstly, a Point of Sale (POS) system tailored for beauty and nail services can greatly enhance your operational flow.

Choose a POS system that combines appointment scheduling, sales tracking, inventory management, and client management. This will allow you to monitor appointments in real-time, keep track of product usage, and maintain a record of your clients' preferences and service history.

Many advanced POS systems also include features for online booking, which can broaden your client base and accommodate those who prefer to schedule their appointments online.

For inventory management, opt for a system that can track your nail polish, gels, tools, and other supplies accurately.

The most effective systems will enable you to set alerts for when items are running low and generate reports on usage patterns, helping you make smart restocking decisions. This minimizes overstocking and ensures you always have the latest colors and products your clients are asking for.

Some inventory systems also provide batch tracking, which can be useful for monitoring the expiration of products and ensuring the highest quality of service.

As highlighted earlier in this article, maintaining good relationships with your suppliers is key to a nail artist's success.

Establish clear communication and set expectations from the start regarding delivery times, product quality, and payment terms. A strong relationship can lead to better prices and dependability. It's also prudent to have alternative suppliers to guarantee you can always meet your salon's needs.

Creating a positive work environment is essential for keeping your team motivated and productive.

Offer regular training, communicate goals and expectations clearly, and provide constructive feedback. Acknowledge and reward dedication and achievements to maintain high morale. Ensure that work schedules are fair and respect your employees' need for work-life balance.

Ensuring that each client has an exceptional experience begins with the atmosphere of your salon, the quality of your nail art, and the service your team provides.

Train your staff to be welcoming, attentive, and skilled. Encourage them to remember clients' names and their style preferences, making each visit feel personalized and exclusive.

Maintaining a clean, stylish salon with clear signage and a comfortable waiting area also contributes to a superior client experience.

Effective customer service policies for a nail salon might include satisfaction guarantees, transparent return and refund policies, and a system for collecting and responding to client feedback.

Make it simple for clients to give feedback, whether in-salon, on your website, or through social media. Address feedback swiftly and positively, showing that you value their opinions and are dedicated to enhancing their experience.

Dealing with client feedback and complaints with grace is crucial. Listen fully to the client's concerns before responding. Apologize if necessary and offer a solution or compensation, such as a service redo, complimentary add-on, or discount on their next visit.

Use negative feedback as a chance to refine your services or customer care. Transforming a less-than-ideal experience into a positive one can often secure a loyal client.

business plan nail artist services

Revenues and Margins

Know how much you can make

Understanding the financial dynamics of a nail artist's business is crucial for success in this creative industry.

We have an in-depth article on the profitability of nail artistry that covers a lot of ground. Below, we'll touch on some key points.

One of the first questions you might have is about the average service cost when clients visit your nail studio. This is often referred to as the average ticket size.

The average ticket size for a nail artist is the average amount a customer spends per appointment.

This figure can vary greatly depending on the services offered and the pricing strategy. For high-end nail artists who provide custom designs and use premium products, the average ticket size could be between $50 and $100.

For more standard nail salons that offer a mix of basic manicures, pedicures, and some additional treatments, the average ticket size might be between $25 and $60.

Mobile nail artists, who offer the convenience of coming to the client's location, might charge a premium for travel and personalized service, leading to an average ticket size of between $60 and $120.

When it comes to revenue, it can also vary widely. You can estimate your revenue quite accurately, without any complex formulas or calculations, with our financial plan tailored for nail artists.

Urban nail artists might see monthly revenues ranging from $3,000 to over $10,000, which translates to annual revenues from around $36,000 to over $120,000.

Rural nail artists may have more modest revenue expectations due to a smaller client base, with annual revenues often on the lower end of that spectrum (annual revenue between $20,000 and $80,000).

New nail artists in the startup phase typically face lower revenues as they work to build a client base and brand recognition. Monthly revenues of more than $2,000 may be challenging to achieve initially.

Conversely, established nail artists benefit from repeat clients and referrals, leading to higher and more stable revenues.

High-end nail artists, while potentially charging higher prices, might have a smaller client base due to the niche nature of their services. It's rare for them to exceed $100,000 in annual revenue.

Mobile nail artists often see varied revenues depending on their ability to manage travel time and costs effectively. Their annual revenue can range from $30,000 to $90,000.

Nail artists don't just earn money from providing manicures and pedicures. There are several other revenue streams to consider.

If you're looking for inspiration, here's a table that outlines various ways a nail artist can generate income.

Revenue Stream Description
Manicures and Pedicures Core services including basic care, gel, acrylics, and nail art.
Custom Nail Art Specialized designs tailored to individual client requests.
Nail Care Products Selling nail care essentials like cuticle oil, nail strengtheners, and hand creams.
Workshops and Classes Teaching nail art techniques and care in group settings or one-on-one lessons.
Mobile Services Offering at-home nail services for convenience and personalized experiences.
Online Tutorials and Content Creating digital content such as video tutorials, which can be monetized through ads or subscriptions.
Event Services Providing nail services for weddings, parties, or corporate events.
Retail Nail Art Supplies Selling nail art tools, decals, and polishes to clients or online.
Loyalty Programs Encouraging repeat business with rewards for frequent visits.
Gift Certificates Offering gift certificates for services, which can attract new clients and secure future sales.
Brand Partnerships Collaborating with nail product brands for sponsorships or as an influencer.
Pop-up Nail Bars Setting up temporary nail stations at events or in collaboration with other businesses.
Subscription Services Offering a monthly subscription box of nail products or exclusive designs.
Private Label Products Creating and selling your own brand of nail polishes or care products.
Virtual Consultations Providing advice and creating personalized nail care routines for clients online.

Understand your margins

As a nail artist, understanding the difference between revenue and profit is crucial for the success of your business. Revenue is the total income generated from your services, but it's the profit that truly reflects the financial health of your nail artistry.

Let's delve into the key metrics of gross and net margins, which are vital indicators of your business's profitability.

To calculate your own margins and get a precise figure for your potential profit, you can adjust the assumptions in our financial model designed for nail artists.

The typical range of gross margins for nail artists can vary, often ranging from 70% to 90%.

Gross margin is calculated by subtracting the cost of goods sold (COGS), which includes the direct costs associated with providing nail services, such as nail polish, gels, and tools, from the revenue generated from nail services. This figure is then divided by the revenue and multiplied by 100 to get a percentage.

Net margins, however, factor in not just the COGS but also all other expenses a nail artist incurs, such as studio rent, utilities, marketing expenses, and taxes. This figure is obtained by subtracting all operating expenses from the gross profit.

Net margins offer a more complete view of a nail artist's profitability and are typically lower than gross margins, with averages often ranging from 30% to 50%, reflecting the actual profitability after all costs are considered.

Different types of nail artistry—freelance, salon-based, and luxury—can have varying profit margins due to differences in their business models, scale of operations, and clientele. Here is a table to illustrate these differences.

Nail Artist Type Price Point Production Costs Economies of Scale Potential Margins
Freelance Variable Lower Lower Higher flexibility, potentially higher margins
Salon-based Competitive Moderate Moderate Steady clientele, moderate margins
Luxury Premium Higher Varies Exclusive services, potentially higher margins

The margins of a nail artist are influenced by factors such as service variety, pricing strategy, and scale of operations.

A diverse service offering can attract a wider client base but may increase costs and complexity.

Pricing strategy is critical; prices must be competitive yet sufficient to cover costs and yield a profit. Scale of operations can impact cost efficiencies, with larger studios potentially benefiting from lower per-unit costs for supplies.

Ongoing expenses that affect nail artist margins include supply costs, labor, studio rent, and utilities. Supply costs can vary based on quality and brand, impacting gross margins. Labor is a significant expense, especially if you employ other nail technicians. Rent can differ greatly by location, and utilities can be a considerable cost, depending on the size of your studio.

Nail artists focusing on niche markets like organic or intricate nail art may experience different margin dynamics compared to those offering a broader range of services.

While niche artists can charge higher prices, they also face higher production costs and potentially limited market size, which can affect overall margins.

External factors such as economic conditions, seasonal trends, and fashion trends also play a crucial role in nail artist margins. Economic downturns can lead to reduced spending on luxury services like nail art, while seasonal peaks can increase demand. Staying current with fashion and beauty trends and adapting service offerings accordingly can help manage these fluctuations.

Overcoming the challenge of maintaining healthy margins amidst rising supply and labor costs is significant. Nail artists can counter these challenges through efficient cost management, strategic pricing, optimizing operations for energy efficiency, and investing in technology for productivity improvements.

Regularly tracking and analyzing financial performance, including gross and net margins, is essential for ensuring the financial health and sustainability of your nail artistry business (and you can do all of that with our financial model specifically for nail artists).

business plan nail technician

Implement a strong marketing strategy

Marketing doesn't need to be as complex as some experts make it seem. We understand that as a nail artist, you'll be focused on perfecting your craft and may not have ample time for extensive promotions. That's why we'll keep our advice straightforward and practical, similar to the marketing strategy we've detailed in our business plan for nail artists.

Building a brand for your nail art business is essential.

Your brand is the identity that clients associate with your services. It's more than just your portfolio or the design of your business cards; it's the overall impression you leave with your clients. Your brand should mirror the creativity and quality of your nail art, the ambiance of your workspace, and the principles you uphold, such as meticulous hygiene practices or the use of cruelty-free products. A strong brand helps you stand out in a competitive market and fosters a dedicated clientele.

Begin your marketing plan by identifying your target audience. Who are the clients you aim to attract? What do they prioritize? Are they seeking the latest nail trends, a relaxing experience, affordability, or high-end luxury services? Knowing your audience will shape your branding and promotional efforts.

When it comes to promotion, social media and digital marketing are invaluable for nail artists. Platforms like Instagram and Pinterest are ideal for displaying your nail art through vivid images and engaging posts.

Offer glimpses into your creative process, which adds a personal connection and demonstrates the skill and attention to detail in your work.

Client testimonials and before-and-after photos can foster trust and inspire others to book an appointment. Sharing nail care tips or the latest trends can also captivate your audience, providing them with useful information and positioning you as an authority in nail art.

Content strategies that resonate with nail artists include highlighting the diversity of your designs, promoting seasonal or event-specific nail art, and featuring any unique techniques or products you use. Collaborating with local fashion retailers or beauty influencers can also increase your exposure.

However, not every tactic will be suitable for your business. For instance, if your clientele is primarily local, investing in widespread online advertising may not yield the best return. Similarly, if you specialize in intricate nail designs, focusing on basic manicure services in your marketing might not align with your brand.

Even on a tight budget, there are clever methods to attract new clients.

First, consider participating in local beauty events or pop-up salons where you can showcase your nail art directly to potential customers. This can lead to immediate bookings and enhance your visibility.

Offering mini-sessions or sample designs at events or in public spaces can get people excited about your work.

Collaborating with local beauty salons or spas that don't provide nail services can extend your reach.

Implementing a loyalty program can motivate repeat visits. Simple stamp cards or a digital points system can prove quite successful.

Lastly, never underestimate the power of word-of-mouth marketing. Motivate your happy clients to refer friends by providing them with incentives, such as discounts on future services or small freebies.

Grow and expand

We want you to thrive as a nail artist. The insights provided here are designed to help you reach new heights in your profession.

Imagine you've already established a reputable nail art business with a loyal clientele, generating a steady income. Now, it's time to consider how you can scale and expand your services.

There's always potential for greater achievement, and we're here to show you the path to even more success.

Also, please note that we have a 3-year development plan specifically for nail artists in our business plan template.

Successful nail artists often possess qualities such as creativity, precision, excellent customer service skills, and the ability to stay ahead of beauty trends. These traits are essential as they explore opportunities to grow their business.

Before adding new services or products, consider the current market demand, how these additions will complement your existing offerings, and the impact they will have on your operations.

Conducting market research is crucial. By understanding client preferences, emerging nail art trends, and the performance of similar services in the market, you can make informed decisions that resonate with your clients and fit within your business model.

To evaluate the success of your current operations, examine client retention rates, feedback, and the efficiency of your service delivery. If you're consistently booked, receive glowing reviews, and operate smoothly, it might be time to think about expansion.

Opening a new salon location should be based on clear evidence of demand, a deep understanding of the target demographic, and the financial stability of your existing business.

Franchising can be a way to grow with less capital risk, tapping into the entrepreneurial drive of franchisees. It requires a strong brand, established operational procedures, and the ability to support franchisees. Opening additional owned salons gives you more control but demands more capital and hands-on management. The choice between these models depends on your personal business goals, resources, and growth preferences.

Digital channels, including social media and online booking platforms, can significantly increase a nail artist's visibility and client base. An online presence allows you to reach clients beyond your immediate area, meeting the growing need for convenience and accessibility.

This approach necessitates knowledge of digital marketing, appointment scheduling logistics, and ensuring a high-quality service experience.

Branding is key as it sets you apart in a competitive industry. A strong, consistent brand identity across all locations and digital platforms can build client loyalty and attract new patrons. Enhance your brand by ensuring every interaction reflects your unique style, professionalism, and the quality of your nail artistry.

Ensuring consistency across multiple locations or services is a challenge but is vital for success. This can be managed through comprehensive operational guidelines, staff training programs, and quality control measures.

Regular check-ins and quality assessments, along with cultivating a cohesive culture, help maintain the high standards that made your initial business successful.

Financial indicators that you're ready for expansion include consistent profitability, robust cash flow, and achieving or surpassing your financial goals over a considerable time.

Having a scalable business model and the operational capacity to support growth are also essential factors.

Collaborations with other businesses and participation in beauty events can introduce your nail art services to a broader audience. These opportunities allow for creative partnerships, community involvement, and increased visibility, all contributing to the growth of your business.

Scaling your services to meet higher demand may involve logistical considerations such as purchasing additional equipment, managing inventory effectively, and potentially expanding your workspace. It's crucial that your supply chain and staffing can accommodate this growth without compromising service quality.

Ultimately, it's important that your expansion efforts remain aligned with your core values and long-term objectives. Growth should not detract from the unique qualities that made your nail artistry stand out.

Regularly revisiting your business plan and core values can help ensure that your strategies for expansion are in harmony with your vision and mission, preserving the essence of your brand as it evolves.

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