Renting a chair or booth is quickly becoming a popular way for commission-based employment, or independent contractors, to do their work in a cost effective way. Independent stylists are able to rent space in an established salon to meet with their clients. But just because you rent a space in a salon, it doesn’t mean you are an employee of that salon. You will be your own boss and be responsible for paying your landlord a flat fee or percentage of your sales.
Like everything else in life, renting a chair comes with both advantages and disadvantages. Sometimes, the best thing about renting your own chair is that you are able to work by yourself, but at the same time, that can be one of the worst things about renting a chair. If you want to go solo, be sure to read on for more information about the pros and cons of renting a chair.
The Pros of Renting a Chair
Independence
You get to run your own show. Renting your own chair is just like having a small business. These booth renters are considered independent contractors by law, that means you are in control of your own operations. You set your own schedule, use the products that you want, tailor the services you offer and run your business the way you like without the responsibility of running your own salon or working for someone who owns a salon.
Earning Potential
When you rent a chair you have the opportunity to earn as much or as little as you want. Once you cover your rental fee, the rest of the earnings will belong to you. However, renting out a chair means you will have to hustle, especially if you don’t have a strong client base.
Flexibility
You can choose to come in whenever you want, and most independent stylists will give their contact information to current and potential clients. This way, you can be easy to contact whether or not you are in the salon. And, renting a chair doesn’t mean you have to stay there forever. You can choose not to renew your lease when you want, and take your clientele wherever you end up.
The Cons of Renting a Chair
Independence
While this is a pro, it can also be a con. Being independent comes with a lot of other responsibilities like ordering supplies and keeping track of your own expenses. If you are employed by a salon, you won’t need to worry about those things.
No Long-Term Perks
You also won’t be able to participate in long-term perks like retirement, health insurance or education which usually come within a traditional employment setting. Independent stylists lose these benefits and bonuses. Another aspect is the lack of mentorship from other salon stylists, and you will be the only one responsible for your own education and self-improvement.
Too Flexible
Being able to come and go as you please is nice, but only if you are a