For Wholesales
In the last article which was published a few weeks ago, at the bottom of that article we have shared a piece of news that we have tied up with new temples to control the problem of the price rise. In this article, we will disclose all the details and you can download the price list of the hair. However, before moving forward let’s throw some light on what has happened post COVID19 behind the scenes (on the commercial part of the hair sourcing).
Effect of COVID19, on the price of the Human Hair industry
As COVID19, slammed the businesses globally most of the industries either changed their business model or some other big changed might have happened to cope up with the situation. The same has happened with the Human Hair industry. The lockdown in India was imposed in March 2020, which means no hair donation was happening so in commercial language we can say that no new stock of Temple Hair (Raw Hair/ Virgin Hair) was arriving.
Well in that case, in any industry if no new stock is coming then the price of the available stock inflates to slow down the supply of the existing stock or you can say that business houses charge a premium on the existing stocks to keep the stock as long as they can.
Apart from the price hike in the stock, the second major costing element is labor charges & logistics, during this vulnerable time every individual pays a lot of attention to the safety of the family members and takes all the necessary actions. We can also say that the human being goes into a zero risk-taking mindset as far as health is concerned. So it also affects the commercial angle of the business because labor asks for higher remuneration and safety purposes due to which business houses keep more than normal safety measures which eventually incur some cost to the business houses.
The wholesale price list of Raw Human Hair/ Virgin Hair (from both the temples) and of Remy Hair is mentioned in the PDF.
In every aspect the cost of making the product increases which eventually affects the final price of the product. Since COVID19, the price of the product inflates to newer heights in the history of the human hair business. However, we believe with the COVID19 situation even importers were also under huge pressure to follow their respective Govt guidelines such as social distancing, 50% occupancy in salons, etc which again increases the prices of the product for the end-user.
How the price of Raw Human Hair gets determined
We are sure that as you are already in the Human Hair business you must be knowing that the price of Raw Human Hair is determined by the auction however, just for a quick brush-up let us explain to you how the price in the industry works.
The donor goes to the temple to donate the Hair => Temple collects the donated hair => once the decent quantity is collected => Temple puts the hair on auction => 3-4 business houses collaborate (form a group) and bid for the hair => the maximum bidder (group) will get the hair.
How we put our efforts to reduce the price of Raw Human Hair
To control the prices of Raw Human Hair, we have figured that we need to remove this auction practice (just like Remy Human hair) because it increases the prices of the hair. So we tied up with one more temple that will provide the hair exclusively to us.
By doing this we have changed the model now it’s pretty simple.
The donor goes to the temple => Temple collects the donated hair => once the decent quantity is collected => Temple inform us => we make the payment and bring the hair to our premises.
We have put our best to reduce the price of the hair without compromising the quality of the Raw Human Hair.
So to conclude we would like to inform you that we have 3 Human hair qualities.
Remy Unprocessed Human Hair
Raw Human Hair
Raw Human Hair
Below are the sourcing model of all three human Hair qualities
- Remy Human Hair
Our agents/ brokers visit various villages & towns and purchase hair from the individuals however they sell only the ponytail of the hair.
- Raw Human Hair (Temple Hair / Virgin Human Hair)
The donor goes to the temple to donate the Hair => Temple collects the donated hair => once the decent quantity is collected => Temple puts the hair on auction => 3-4 business houses collaborate (form a group) and bid for the hair => the maximum bidder (group) will get the hair.
- Raw Human Hair (Temple Hair / Virgin Human Hair) (newly sourced)
The donor goes to the temple => Temple collects the donated hair => once the decent quantity is collected => Temple inform us => we make the payment and bring the hair to our premises.
You can download the wholesale price list of Remy Human Hair, Raw Virgin Human Hair & Raw Virgin Human Hair (newly sourced) by filling in your name and email address.