Ebony magazine made this article about the black hair industry and how blacks make almost no money out of it. http://www.ebony.com/style/black-women-need-to-take-back-the-hair-industry-887#axzz37TYijh5Y
It's Time: Black Women Need to Take Back the Hair Industry
We can't keep setting the trends and not making any money off of them
Black women, it’s high time we understand how critical this moment is in regard to how much we influence and contribute to the hair care industry.
Thanks to the digital revolution, we stand poised to reap the benefits
of being launched from the same catapult that propelled the likes of
Henry Ford, John D. Rockefeller and Andrew Carnegie. These men were all
lucky enough to live and build businesses during what we now refer to as
the Industrial Revolution. Their vision and tenacity opened doors and
birthed whole new industries.
Well, we’re going through a new revolution—a hair revolution—in which
our hair has become the clear focus of the beauty industry, and also the
moneymaker. Only this time around, we can find ways to have a bigger
stake in the profit. But here’s the thing: we have to do this now.
Who’s Running the Game?
The Black hair care market is at least an $684 million
industry. Essentially, none of that cash makes it back to the Black
community. A walk into your local beauty supply stores will typically
reveal a slew of brands that are Korean-owned.
Oddly enough, in 1965 the Korean government banned the export of raw
hair, making it impossible for U.S. business owners to manufacture wigs
using Korean tresses. Not long afterward, the U.S. government banned the
import of any wig that contained hair from China. As a result, Korean
business owners were able to dominate supply and distribution of weaves,
wigs and extensions. Aaron Ranen’s 2006 Black Hair documentary estimates that Koreans own close to 60% of the Black hair care industry market share.
Black Women Have Influenced the Hair Industry... So Why Aren’t We Reaping the Benefits?
The Black hair care landscape has changed significantly since 2006,
with the emergence of the “natural hair movement” (which has contributed
to a 26% decline in relaxer sales). Black women choosing to rock their
hair unprocessed has birthed an entirely new industry.
This tells me that we can completely change the focus of major hair
companies and where they’re putting their money (many of them would have
never invested in products for natural hair unless we made
them do so), but we can’t financially benefit from this “trend” we’ve
What if Black women just up and decided next year that
we all want our creamy crack back? What would happen then? These
companies would keep it moving from the natural hair product lines
they’ve been “dedicated” to, and start producing more creamy crack. We
have the power, for real. We’re not just talking about new products that
our strands have inspired creation for, but also new jobs, machines,
technologies and infrastructures. These major hair companies have had to
switch gears entirely to accommodate what we think is cool. But still, there’s no sign that our influencer status in the hair game is actually helping us.
This is really a unique window of time we can’t afford to lose. It’s
critical that Black female (and male) entrepreneurs approach the hair
care industry opportunities from a macro perspective. Creating products
is great. In fact, Ultra Distributors report that major natural hair
brands have seen a revenue increase of over 1,400% between 2009 and
2013, corresponding to an estimated $150 million in revenue. But my hope
is that Black entrepreneurs can get into the business of supply chain
management as well.
Let’s Start With Social Media
Last year, the Small Business Association published a report entitled
“Access to Capital Among Young Firms, Minority-Owned Firms, Women-Owned
Firms and High-tech Firms.” Unsurprisingly, it revealed that
African-American and Latino firms operate with “substantially less
capital overall—both at startup and in subsequent years—relative to
their nonminority counterparts.”
We may have a lack of access to capital, but some of
us eventually break through. Finding Black business owners and creators
in this game has become seemingly easier. From Instagram to Facebook to
Twitter, many of us have the access we didn’t have just some years ago
to find businesses and startups we want to support. With social media
platforms at our fingertips, we can create the habit of sourcing out the
best of Blacks in beauty, hair, and even the nail artistry business,
and start supporting them, one by one.
At the end of the day, there is $7.5 billion dollars in Black beauty spending up for grabs… Will you get yours?
Link this article to your Facebook and other social media. I really think people dont know how big the black hair business is and how much we are being pushed out. The ladies over on LHCF were talking about this and giving suggestions. Now they are making moves in PM land so "spies" (the koreans and other vultures) wont know whats being planned.
Im here for it. Im annoyed that the koreans who think of black people as pieces of sh*t are living comfortably off of our communities money. They just take from our communities and send all that f*cking money to korea. They give nothing back to us- no charities, no donations, no fundraisers, nothing towards our schools, parks, neighborhood programs, zilch. And when black people try to open a BSS they lock them out. They have a unions and distributors that support them and purposely dont help us at all. I know there's a lot of intelligent folks here so maybe you guys have some thoughts on this.
Edited by HaitianLuv - Jul 15 2014 at 6:20pm