Wooden Furniture Business | Full Information Furniture business 2022

Wooden Furniture Business, online furniture, business plan, furniture making, profit margin, investment, profit

As you all know that furniture is used in every house. In today’s time, people use furniture a lot as decoration in their homes. Apart from this, different furniture is used in places like offices, apartments, and hospitals.

In such a situation, starting a furniture business can prove to be profitable. Because nowadays the demand for furniture is increasing. Do you also want to start a furniture business, then read this article of ours completely. Today, in this article, we will tell in detail about how to start a furniture business.

Wooden Furniture Business

What is the furniture business?

Making different furniture through wood and selling them in the market is called the furniture business. In today’s time, furniture is used in its setup in weddings, in office construction, while building schools, shops, hospitals, buildings, etc. Seeing the increasing demand for furniture, people can earn a lot of profit by starting this business by learning furniture work or by keeping some workers.

how to start a furniture business

To start Wooden Furniture Business, you have to follow the following steps.

  • First, you have to learn the work of making furniture.
  • After that, you have to find out which wooden furniture is in high demand in the market and then you will have to make furniture accordingly.
  • To start a furniture business, you also have to choose the place.
  • You will also have to get some licenses and registrations done in this business.
  • To start a furniture business, you will need machines and raw materials. Because without them you cannot start this business.
  • Apart from this, you can also read the need to have a worker in the furniture business.

In this way, you can start the furniture business very easily by following the following steps. Let us know about all these points in detail.

learn furniture making

Before starting the furniture business, the work of making furniture should come. Only then you can start this business. To learn furniture work, you can work in any such shop in your area. Where furniture work is already being done. You can learn furniture work by working there for 6 to 7 months.

And then you can start your own business. Apart from this, if you do not want to learn furniture work, then you can keep two or three workers with you. Who knows the work of furniture well.
But still, you should have some experience with it. Only then will you be able to get workers to work by keeping them. That’s why you need to get experience first.

Select a place for furniture business

To start the furniture business, you will need a little bigger space. Here furniture can be made easily by keeping furniture-making machines, ojars, tools, and raw materials. The place you are choosing. Its space should be about 1000 to 1500 feet. This place can be more or less. Because it depends on you how big level you want to start it. If you are starting it on a small scale then you will need less space. And for the same large level, you will need more space.
Apart from this, while choosing the place, you have to keep in mind that there should be good transport arrangements. So that there is no problem in carrying the furniture.

Machines and equipment for making furniture

In the furniture business, machines are used for more production and for improving the work and finishing, in this business you need the following machines

machine:-

  • hand drill machine for drilling wood
  • hand cutting machine for wood cutting
  • wood planner machine to bring the top surface of the wood in a plane and safe
  • Belt sander to add shine to furniture
  • wooden Jack saw & buffing machine

Device:-

  • hammer
  • plier, screwdriver
  • measuring tape
  • small hand cutter

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The raw material used to make furniture

Some raw materials are used to make furniture, which is as follows

  • wood
  • ply
  • sunmica
  • fevicol
  • Nail
  • paint
  • Primer
  • glass
  • flue

what comes under furniture

Many types of things are involved in the manufacture of furniture.
People use things like tables to sit, chairs, sofas, wardrobes to keep clothes, double beds, single beds, kitchen setup, windows, doors, toys, small items for decoration, tea table, etc. in their home. do more. Apart from this, people also apply POP to decorate their houses. You too can earn a lot of profit by manufacturing this furniture.

worker for furniture business

You will also need a worker in the furniture business. You can hire workers as per the requirement according to the level of your business. But you have to select such employees. Which is used for furniture.

Because if you select such employees. If the furniture is not used, then it can spoil the shape of your furniture. Due to this, you can do a lot of damage. That’s why you have to select the employees in this business on the basis of their experience.
Because the finishing of furniture remains in the hands of your employees. If he is able to make furniture well, then he will be able to make furniture with finishing very well. That’s why you should choose only experienced employees in the beginning.

Required license

You do not need any special license for the furniture business. But for this, you have to get GST registration done. If you are starting it on a small scale, then there will be no need to do GST registration. But if you are starting it on a large scale then your turnover will also be more in it. Because of this, you will have to register.

how to sell furniture

After making furniture, you can sell your furniture by contacting the retailer of furniture to sell it. Apart from this, if you want, you can also sell furniture by opening your own shop. But to open your own shop, you have to take the shop for rent. The location of the shop should be in the main market. Only then you can earn maximum profit.

furniture business marketing

You will need to do marketing in the furniture business, you can do marketing in two ways. The first is offline mode and the second is online.

Offline: In the offline method, you can get the posters or pamphlets of your business name printed and distributed in your surrounding area. Or if you want, you can also send it to people’s homes by putting them in newspapers. By which people will know about your furniture business. And if he has to buy any furniture then he will definitely contact you.

Online way: You can market your business online through social media. For example, you can promote your business on WhatsApp, Facebook, Instagram, Telegram, etc. And if you want to start it on a large scale, then you can also get Google Ads running in your area. In this way, you can market your furniture business.
Furniture business investment to start a furniture business

If you want to start a furniture business on a small scale, then you can start it in one to one and a half lakh rupees. But if you want to start it on a slightly larger scale, then you will need to invest more. Because big machines will be required to start on a large scale. In which you will also need more space.

Apart from this, you will also need a worker. In which you will need at least 4 to ₹ 500000 including all the expenses.

Furniture business profit margin

Profits can be earned very well in the furniture business. In this business, you can earn double or 3 times more profit than the cost.
For example, suppose a craftsman made a table, which cost 500 to make. So he can easily sell that table from 2000 to 2500 rupees.

In this way, very good profit can be earned in big works of furniture. For example, you can earn very good profits in work like office setup, shop furniture, PUP.

things to note in the furniture business

To increase the sale of furniture, you can keep the following things in mind.

Focus on Quality: To master the furniture business, a lot of attention has to be paid to the quality and finishing of the furniture. If you provide good quality furniture to the customers and its finishing is also good, then you can earn very good profits from this business going forward.

Keep the price of furniture low: In order to attract the customer more, the price of furniture has to be kept low in the beginning. So that you can add more and more customers, compress, and then gradually increase the value of your furniture. Instead of earning more profit margin, try to sell your furniture to more and more people by taking out less profit. And this is possible only if you keep the cost of your furniture low. Only then you will start adding customers and in this way, you can earn profit by adding more customers.

Give exchange facility: You can also provide an exchange facility to your customers. Exchange means you can buy old furniture from customers and provide them with new furniture. In which old furniture can be valued and kept. In return, you can provide him with new furniture. But keep in mind that new furniture costs more than old furniture. That’s why you must keep the price in mind. Because the price of both can be different.

FAQ

What is the furniture business?

The business of furniture is to make and sell various types of wood, items used for decoration in the home, and office, such as chairs, tables, windows, doors, tea tables, etc.

Profit in the furniture business?

In the business of furniture, you can earn up to double or three times the cost.

What is the cost of the furniture business?

1 to 1.5 lakh rupees are needed to start on a small scale. And to start on a large scale, 4 to 5 lakh rupees will be required.

Is it necessary to get a license to make furniture?

Yes, for starting on a large scale, you need to get GST registration done.

How to sell furniture online?

To sell furniture online, first you have to create a website of your own. And then you can list your furniture on it and sell them.

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