Top Five benefits of furniture business
How to increase sales in the furniture business?
Many tools for attracting customers in the furniture industry are similar to other business areas. At first, it is desirable to create a specialized site. It is better if on the Internet resource, there will be not only the phone number and address of the company, but also the interactive component.
Today, many people are looking for the necessary things in the global network. Without a website, in modern business it’s like without hands. You also need to try to post ads about services and goods on all available trading platforms. This will be a great addition to your own web page.
If the business is focused on the end customer, and not sold to dealers, then you need to conduct periodic promotions with the distribution of promotional material.
Firms specializing in the production of highly specialized products can organize the distribution of commercial offers to companies theoretically interested in purchasing the product being manufactured.
How to buy a ready-made furniture business?
Many entrepreneurs prefer to buy an already functioning business. Buying a furniture business in the capital can bring investors up to 60% per annum. The average cost of such production is approximately 250-300 thousand dollars.
It is noteworthy that such enterprises located in the regions are much more expensive than Moscow ones. However, the payback of such organizations is slower. Such investments will be of interest to large companies wishing to diversify their available funds.
Search on the Internet: "I will sell a furniture business"
You can buy a ready-made furniture business on the global network. Similar offers can be found on trading platforms. Moreover, it is possible to purchase both finished production and a store that is a dealer of any workshop.
Opening a furniture business, what is the difficulty?
The furniture business, like any other type of business, is not without difficulties.
The main problem for a novice entrepreneur is a solid investment. 270-300 thousand is not small money, even for a wealthy entrepreneur.
The second difficulty is competition. Of course, it is present in all areas of business. However, as mentioned above, the furniture business in our country is developing. The number of companies is growing. Therefore, you will have to choose your specialization very carefully.
Small furniture business
If the planned business will be classified as small, then it is better to choose an individual entrepreneur as a form of ownership. This form of organization does not require complex reporting, but it has a significant disadvantage - less trust.
There is another form of ownership suitable for this type of activity - LLC. It implies greater taxation, and more stringent tax reporting. Such a firm will inspire more respect in the eyes of the public, since LLCs are rarely used as “one-night stands”. Here the authorized capital is established, which will be recovered from the entrepreneur in case of bankruptcy.
Now a few words about the profitability of a small furniture business. On average, a similar business opened in a small town with a population of 500-600 thousand people can bring its owner about 2,000,000 rubles a month. This is provided that 3-4 million rubles will be invested in the business.
The markup on products is 35%. Profitability is equal to 7 percent. After analyzing these data, it turns out that such a business will pay off within 2-3 years.
Work in the furniture business
Summing up all of the above, we can say that the furniture business in general and in general is similar to other types of production and trade. It has its own nuances, pros and cons. With some effort and ingenuity, you can achieve some success in it.
The main thing is to analyze all the data, choose the right specialization and start working, working, and constantly developing.
You can find out how to develop the Furniture business, sell it, buy it, whether it is profitable, at the Furniture exhibition, which takes place at the Expo Centre Fairgrounds.
On November 24, OMOIKIRI, a global manufacturer of kitchen sinks, faucets, water purifiers, grinders and various kitchen accessories, presented a new limited collection.
The exclusive OMOIKIRI RUSSIA collection was created in collaboration with well-known Italian manufacturers ELLECI, GALASSIA and TERZOFOCO, whose representatives arrived in Moscow specifically for the event. Alessio Scacaroni , CEO of the Terzofoco factory in the Umbria region (Italy), showed production footage of how ceramic kitchen sinks are made, showed the process of applying complex patterns and spoke about other modern technologies. Color collection, consists of 5 most trendy shades: turquoise (azur blue), green (royal green), dark blue (indigo blue), yellow (sicilian lemon), red (toscana). It is these colors that will become leading in the design of 2022. An art collection of ceramic sinks was also presented, the creation of which OMOIKIRI was inspired by world artists Van Gogh, Salvador Dali, Gustav Klimt, Andy Warhol.
Pavel Keiv , CEO of the company, presented the new collection to journalists and participants of the event: “We added color so that even when in isolation at home, people do not feel alone. Our limited collection features premium kitchen faucets, sinks, toasters and home appliances in a single monochrome color. The use of art objects made it possible to expand the scope of the kitchen space. Even if you do not have the opportunity to come to the museum, with OMOIKIRI products you will always be close to art, - notes Pavel Keiv - There has never been anything like this in the world! We want our product to change your life, your kitchen and set the mood for the whole day.”