Home > News > Social media scammers selling wigs at high prices affected the market and price of headband wigs

Social media scammers selling wigs at high prices affected the market and price of headband wigs

wallpapers News 2021-07-13

How is the headband wigs market?

The global market for human hair wigs is expected to reach $5 billion by 2026, growing at a compound annual growth rate of 8.5% over the forecast period from 2021 to 2027.

"Baldness" has become a common problem around the world. According to data from cross-border e-commerce retail platforms, sales of human hair wigs and headband wigs have been growing at a rapid rate of 300% all year round.

Over the past few years, the headband wigs market has been driven by the increasing number of customers requesting extensions or wigs for aesthetic or functional purposes. African natives and people of African descent are the biggest consumers of headband wigs and extensions. Wigs are popular in Africa, where they are as much a part of everyday life as clothes and shoes. Their hair is curly, a good head of hair is a symbol of beauty, many women even wear several wigs, including headband wigs.

North America human hair wigs market contribution is expected to rise. Right now, transaction volume is growing at about 50 percent a year in the U.S. and Europe, and it going to grow 100 to 300 percent in Africa. In 2020, North America occupied the global wig and hair extensions market with more than 40% market share. The region population of African and Caucasian descent is the main source of sales of human hair wigs. The US market is heavily influenced by age groups.

By region, the headband wigs market for human hair wigs is divided into Asia Pacific, North America, Latin America, Europe and the Middle East and Africa. North America has the largest share in terms of revenue and currently dominates the market segment. In the United States and Mexico, the presence of major suppliers and the growing demand for these wigs, which are fashion and style accessories, has helped fuel the demand.

Social media scammers sell phony wigs at high-end prices

Social media is rife with misleading ads, but sometimes scammers go a step further. They create social media accounts, build (or buy) a following and trick consumers into paying big money for products or services they never planned to deliver. BBB Scam Tracker recently found an increasing number of social media scammers selling (allegedly) high-end wigs. Social media scammers selling wigs at high prices affected the market and price of headband wigs. The demand for human hair wigs has driven the expansion of the market for most headband wigs. Feel free to send an email to info@loveuwig.com for the latest information of headband wigs.

How does the scam work?

Youll find a social media account, usually on Instagram, with professional-looking photos and nice wigs. The "web celebrity" claims to be a professional stylist who works with celebrities and seems to have a legion of fans. You contact the seller and they send you a deal on the item youre interested in. When you accept, they ask you to pay through an e-wallet app. After you send the money, the seller promises to deliver the fake by a specific date. Scammers may ask for extra money to get your wig just right.

When your wig arrives, it doesnt look anything like it in the photo! Or you might never get any wigs. When you try to contact the seller about the situation, they claim to deliver as soon as possible or simply deny that the transaction ever happened. Either way, if you ask for a refund, the seller will block you and disappear.

One victim told BBB Scam Tracker that she had paid $900 for a wig, but it never arrived. After trying to get a refund, the Instagram she bought, a web celebrity, blocked her and posted her home address.

"She told me that she would block me forever and that she would be in touch with me through her lawyer." Ive never heard of any law firms. I never got my money back." "To make matters worse, this lady started Posting my private home address on her public Instagram account for all to see. I entrusted her with my sensitive information and she publicly leaked it!"

How do you spot social media sales scams

Take a close look at the seller social media profile. Legion sellers post frequently, respond quickly, and clearly show and describe the services they offer. Fake social media accounts are devoid of original content, offering only general introductions and little real engagement.

Read their reviews. If a seller is not very reputable, you may find reviews pointing to poor customer service or outright scams. Keep in mind, though, that sellers can delete or hide bad reviews, so the absence of negative reviews doesnt necessarily mean the company is reputable.

Check for clear sales agreements. A reputable business will have a clear process for selling and delivering products. In addition, the seller should give you a written confirmation of the purchase, as well as detailed instructions if you need to cancel the order or ask for a refund. If the seller information about payment or delivery is unclear, or they cant provide a receipt for your purchase, you can shop elsewhere.

Use secure payment methods. It always best to pay for products and services with a credit card. That way, if something goes wrong, you can fight the charge. If the seller insists that you pay through a digital app, especially if it insists that you mark the money as a friend or family member, think again. Bypassing normal payment methods is a common tactic used by scammers to scam you out of your money.

The price of headband wigs

The price of headband wigs will fluctuate randomly under the influence of headband wigs cost, political and economic changes in the international market in recent years, frequent adjustment of international trade policies, and fluctuations of the international exchange rate. Loveuwig is a trusted Nigerian human hair wigs supplier for women online at the best prices. Find affordable virgin human hair wigs online and refresh your look! Loveuwig is committed to give you the most favorable price and the most honest service. If you are looking for quality headband wigs, please feel free to send an email to info@loveuwig.com for the latest price of headband wigs.

The headband wigs market trends

The forecast of the global headband wigs market shows the upgrading of the consumption structure, which provides the impetus for the economic shift to high-quality development, and opens up a broad market development space for human hair wigs products, beauty salons and other fashion hair and makeup industries. The size of the headband wigs is expected to continue to grow, with the global wig market expected to reach $250 million by 2027.

The cost of headband wigs

Actually, the cost of headband wigs is a wild card because raw materials are hard to supply in the wig industry. The price of the headband wigs varies from a few hundred to a thousand, and the profit is considerable. Real human hair is the main raw material, but the purchase requirements are more strict, also cant hot dye. Although chemical fiber hair is also one of the raw materials, the service life is short, also easy distortion, the market share is far lower than the wig of real person hair. Due to the scarcity of raw materials, the development of the whole wig industry will be more or less restricted, and the cost of headband wigs will also fluctuate accordingly.

The supplier of headband wigs

Loveuwig with the website of loveuwig.com is a Nigeria based wig store with factories and local retailing stores in both Nigerian and China. Loveuwigs only sell 100% real human hair wigs, including headband wigs, with many different styles or colors such as lace front wigs, bob wigs, curly wigs, wave wigs,straight wigs, Brazilian hair wigs, African women wigs, and Nigerian women wigs. If you are interested in headband wigs, please send an email to info@loveuwig.com and get morn information about it.


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