The furniture industry is one of the profitable sectors for entrepreneurs to launch their businesses. Furniture is something we call a fundamental necessity in our homes, offices and various other commercial spaces. People can’t live in homes without furniture products such as tables, chairs, beds, and so on.
If you tap the furniture industry for business, earning high profit margins are guaranteed and it would never go out of the style for the reason furniture being an eco-friendly product. People would demand their availability as long as we there is a need for more construction works and projects in our societies.
Here are the most profitable ten small business opportunities that are worth your investment and action in the furniture sector. Make sure to choose an opportunity that fits well with your resources and capabilities.
You will find people who would want to become furniture or cabinet makers for their own reasons. They would need trainers who will teach them a number of skills including carving, marquetry, etc. So, if you are an experienced person who has rich past in furniture making, you are in a better position to become a furniture trainer and thereby impart your expertise to the trainees. You will need a room for learning space, equipment and good communication skills to train them on all aspects of furniture making profession.
Sell used furniture
There are always lavish spenders in our communities but is also a fact that there are people who can’t afford new furniture for their homes or offices because of their budgetary reasons. They are ideal customers for your used furniture. You should tap the online search portals like Justdial in India to serve the needs of their already registered customer base who are always waiting for used furniture products for good rates and prices.
Refurbish old furniture
Furniture products are costly items and that is why most people prefer to refurbish their old furniture as compared to buying new furniture from the stores. So, if you are someone who has good painting skills, you can open a refurbished furniture business to help your local households get their old furniture renovated for minimum costs possible.
Thanks to the internet and so many other platforms that make us able to start our business for affordable costs. You can create an online marketplace where you will be selling your furniture products. A catchy domain name, and an affordable hosting services are all the primary requirements you need to get started with your own online furniture marketplace.
Make woodworking tools
You can’t find any furniture designer or a woodworker who would make furniture items like beds, chairs, etc without some useful hand tools and equipment. So, if you want to have an additional stream of money, you could make some hand tools for other woodworkers and thereby make some extra pennies.
You can’t sell furniture without applying desirable paints on its surface and make it worth buying and use for people . People look for goods and products with snob appeal as simple as that and if you have painting skills and you can afford buying a few tools for doing your painting works, you could offer furniture painting services to your local market. Brushes, power sander, and wood fillers are a few tools you should buy from the local stores.
Sell paint supplies
All those people who do the painting profession often need supplies to paint the furniture of their customers. You can open up a retail store to sell a variety of painting supplies such as steel wool, paste wax, paints, brushes, etc to your clients. You would require a hefty amount of money to buy the painting supplies for your store. Invest in a limited stock in your initial times until you find products that sell fast in your locality.
Plywood is something that has a huge demand for a wide range of interior, exterior, and even structural applications. That is why opening a ply factory is a great business opportunity in the furniture industry. Investment that you require for buying machinery and keeping working capital available will be needed by you. The woodcutters around you will always be desperate to work with you as they need people who can buy their wood logs.
Furniture rentals business would work best in job rich places of India like Bangalore, Delhi, etc as people from remote areas come here for jobs. They would never take the risk of buying new furniture in order to avoid all the pains they face while reselling and moving furniture when they plan to relocate to other places. They are your real customers to whom you can rent your furniture via multiple online marketplaces like Justdial, and…
Blogging is a business you can do from anywhere in the world online. However, you won’t take off the journey of a blogger unless you get a laptop, internet facility, and create a blog to publish your furniture related knowledge. The other requirements for a quick success in blogging are picking a profitable and untapped niche and offcourse a good writing skills.