NICK MIRABELLA
Entrepreneur | Mentor Coach | TheWarehouse.salon | NickMirabella.com
EPISODES
$2m+ E-Commerce & 4 Membership-Based Salon Owner, How I Did It
Tune in to hear Nick tell us how he built a multi-million dollar e-commerce business and what is a “private membership-based salon”; is this a new business model for the future?
Key Takeaways
Inspired by his sister and receiving bad haircuts growing up, Nick got into hair. After 9/11, Nick joined the Marines as a result and got back into hair after he got back.
A natural hustler, Nick tried many different pathways to make money which landed him in trouble.
Focused on personal growth, Nick changed his focus and dropped his "bad" friends.
Nick started an e-commerce platform because he was tired of his clients buying online. Now he has a multi-million business, and he has in-salon pickup for locals, which he converts into salon clients.
Nick built a salon up with a friend and then had a falling out. After getting bought out, he started his 2nd salon. All this while growing his e-commerce business.
His salon is a Private Membership Association (PMA)
PMAs mean that the stylists AND the clients are members. They are service-providing members and service-receiving members, respectively.
Leadership is the most important thing to study for business owners and aspiring business owners.
Nick has a routine to help him stay on course. Early rising, affirmations, reading, working out, etcetera are all part of his routine which helps him handle a heavy workload.
If you want to run a business and build, do not enter with too many boundaries. You should remain open and flexible to adapt to your business through the hardest part: building your business
Nick has 3 locations in New Jersey, 1 location in Florida, and his e-commerce building.
Use block scheduling, get a coach, work on discipline to handle the schedule, and strive to be the best version of yourself, and you can find success too!
Breaking Boundaries: New Salon Business Model, No Regulations
Tune in to hear Nick tell you all about his new business model that does not have to adhere to licensing and other regulations!
Key Takeaways
Nick runs a Private Membership Association (PMA)
A PMA means that the Federal and State Government rules do not apply as long as no one is in immediate danger and you are not conducting evil practices (verify legal language with a lawyer)
There are service-providing members and service-receiving members
A PMA is allowed to pay for the lifestyles of its members.
Service-Providing Members are instructed to form an LLC and collect a % of dues collected from service-receiving members.
The PMA needs to have meetings regularly to maintain legitimacy
All members can have varying levels of influence. There are also founding members.
Service-receiving Members pay a lifetime membership or a monthly membership. Or you can make the dues payable based on the services they received on each visit...for example: "What amenities did you take advantage of today?... Your dues for the day are..."
Check out Revel Alliance on YouTube: search- "Revel Alliance YouTube Private Membership Association."
PMAs do not require and do not have to comply with state licensing, health department inspections, alcohol service, etc.
PMAs do not have to wait around for licensing when first opening. This means you are not paying rent for a property you cannot use while you are waiting for the state to grant you licensure.
Liability Notice: This is not financial, tax, or legal advice. Do your own research and consult whatever licensed professionals you need to.
