In every house in Nigeria there is at least one form of furniture or the other, ranging from chairs to upholstery, to bench etc. you would all agree with me that furniture is an integral part of places like the home, churches, schools, restaurants etc. it helps in the beautification and comfort of where ever it is. There is hardly a place you go without seeing any form of furniture; this makes furniture to be of high demand and a very lucrative business to venture into.
Actually, the furniture business is very tasking and labouring, so this has made several people especially women stay far from such business but to be sincere it is very lucrative because people keep demanding for it every day.
There is this family friend of ours who has a furniture business, I could remember when we were about to relocate to another house and my parents wanted new set of chairs for the new house so we had to contact our family friend for the sets, mehn the amount he called made me shiver just for three chairs he was calling 400k and I was like no wander he owns a venza, so this business can be that lucrative. This is one of this reasons why I decided to write on furniture business.
Furniture business is of several types so it is very important to focus on a particular area i.e finding your niche. You can decide to focus on:
1. Home furniture
2. Office furniture
5. Artwork etc.
This doesn’t mean that you can’t be versatile, if you feel you can handle all of these together then why not, go ahead and do them all.
Things to note before starting up a furniture business:
1. You should be very skilled and experienced, if not you can go learn from someone else who is skilled.
2. You need a very good start-up capital, at least 200k is reasonable for a start.
3. You need to know how to convince people to give you jobs to do.
One thing is needed here, you need to be good because once you do a very good job for one person he/she would definitely come back and also recommend you to others who would see your work in their house and like it.
Let’s go into the main business of the day..!
STARTING A FURNITURE MAKING BUSINESS
The template is very simple, we have compiled some practical tips to follow. Here are they:
1. GET A VERY GOOD LOCATION
As we would always suggest, location is very important. Locating your furniture business in a remote area devoid of people is very dangerous. You need to locate your business in a very busy area where mostly cars and passer-by’s can easily locate and see you.
Find an area sufficiently spacious that will enable easy display of your product to so many prospective buyers. Don’t look for a low budget store which hides your business.
Tip: Your furniture business should be located preferably close to a very busy road or junction which connects two busy streets.
2. GET A NAME
It is important that every business has a name that distinguishes it from others, and furniture business isn’t an exception. Therefore, make a simple name that people will have no trouble calling.
3. REGISTER YOUR BUSINESS WITH RELEVANT AUTHORITIES
Registering your business is a very important step to consider when starting up a furniture business. You should register your business with the secretary of state in the state where you stay. This is important because some corporate companies can employ you to beautify their building so it is very important to register as some of these companies won’t employ you if you are not.
Also it is very important to join furniture’s trade association of the state where you operate. These associations protect you from harassment of any government agency and sometimes reduces running costs since individuals in the same trade associations join funds to get materials and other needed items.
4. PURCHASE THE REQUIRED EQUIPMENT
Equipment to be purchased should be relevant to your niche but if you specialize in all the branch of furniture business listed earlier you should buy the following:
1) A bevel up low angle jack plane used for smoothing wood
2) A block for planning across the grain of wood
3) 7-8 ounce Japanese plane hammer for common finishing tasks like driving in nails.
4) Bevel edged chisels for removing mortises by hand.
5) Water stones for keeping tools sharp.
6) 3 inch engineer square for laying out joinery.
7) A pocket square for measurements.
8) 12 inch combination square for straight edge and for finding a 45 degree angle.
9) Wheel marking gauge for making reference marks.
10) 6 inch sliding bevel gauge for doing work with angles.
11) A card scrapper
12) A mill bastard file. Etc.
5. GET A COMPLIMENTARY CARD
You need to have a professional looking business card, with your contact details and address clearly printed. Issuing a complimentary card to your potential customers is a good way to help them patronize your product. You never can tell who else might get in contact with your card. One card can get to more than one individuals.
6. PROMOTE YOUR BUSINESS
Make sure people around you know this is what you do, tell a friend to tell a friend to tell a friend. There are several ways to promote your business, you can open a social media account for that business as this days any business without a Facebook page is same as that which does not exist. Social media helps in promoting the business in a way other forms of media can’t since it cuts across countries.
You can also advertise your business through the mass media (television, radio, newspapers and magazines) this covers a very large number of people within a geographical location. So promotion is a very integral part of starting up any business. Also most furniture men display samples of their products this is good and advisable too because it serves as a form of attraction to prospective customers.
For you to succeed in this business, you need to throw pride aside and understand the techniques behind it. Start with the plan today and I assure you, you can make what a government worker can’t make in two months.
Feel free to leave a comment, and if you have any challenges, don’t hesitate to ask questions, we will gladly respond to you.
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Wish you all the best in your business career.
THANKS FOR READING
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