How to set up a lucrative
Furniture Business in Nigeria
If you are looking for a business that has the potential to
generate profit in no time, furniture business is one such
business. Practically, there’s literally no home in Nigeria
without a piece of furniture in it.
This goes a long way to confirm that furniture business is an
essential industry that meets the need of many people in
Nigeria. Let’s look past homes to offices, churches, mosques,
and other establishments in Nigeria, these places cannot exist
without furniture.
To put together masterpiece furniture, it cost many resources.
The good news is that you don’t need to learn furniture making
before you can invest in the furniture business.
 When
you’re getting started and you don’t have familiarity with
manufacturing, it’s recommended that you find a manufacturer
that will allow you a lot of oversight and who will work with
you as a partner in your business
The setup period for a Furniture Production Business varies
depending on factors such as scale, location, and
specialization. Generally, it involves acquiring a suitable
workspace, procuring necessary equipment, hiring skilled
artisans, and establishing supply chains for raw materials.
Every
day as individuals build houses, set up various companies and
businesses, there is always a need to get furniture whether it
is a chair, table or cupboard as furniture is also a decoration.
When people move into their new home, they need a bed to sleep
on, a chair to sit, wardrobes for their clothes, a dining table,
sofas, kitchen cabinets and different kind of furniture too.
This makes the furniture making business a very lucrative
Business
Find your niche: Finding your niche deals with specifying the
kind of furniture you want to make such as home furniture and
office furniture. This also deals with specifying the kind of
materials you want to implement in manufacturing your furniture
such as wood, metal or bamboo and the kind of services you want
to offer to your customers and clients
The
production process starts with sourcing raw materials, often
including wood, metal, fabric, and upholstery materials. Skilled
craftsmen then use a combination of traditional techniques and
modern tools to shape and assemble these materials into
furniture pieces. The production yield is influenced by factors
like design complexity, production efficiency, and workforce
skills.
Types Of Furniture In Nigeria :. Residential Furniture,. Office
Furniture, Outdoor
Furniture,
Hospitality Furniture, Educational Furniture, Healthcare
Furniture, Children’s Furniture, Storage Furniture,
Entertainment Furniture,. Kitchen and Dining Furniture,. Bedroom
Furniture, Living Room Furniture,. Bathroom Furniture,.
Commercial and Public Space Furniture, Luxury and Designer
Furniture
Set
up your online furniture store: Before you actually launch your
furniture business to the world, take time to play around with
your online store builder. Launching a simple landing page at
this stage, along with your social accounts, can help you build
an email list so you can make a big splash at your official
grand opening.
Get a Showroom: You need a showroom to be able to display your
furniture to the public. Make sure it is by the roadside for
passerby to see them. Advertising is everything in business, if
your furniture is hidden, no one will see them and you wouldn’t
make a sell. You must by all means get your product where people
can see them for you to make sales.
The cost of starting a furniture business in Nigeria varies
depending on the size of the business and the location. However,
it can range from ₦500,000 to ₦20,000,000.
Some of the factors that affect the cost are: The cost of
structuring your business (registration, business consulting,
etc), The cost of renting or acquiring a workshop and showroom,
The cost of equipment and raw materials, Running cost, Salary
expenses, Marketing and advertising expenses, Cost of creating a
website or drafting a business plan (if you cannot do them
yourself), Cost of training.
How
much can you make per month?
The amount of money you can make per month from a furniture
business in Nigeria depends on various factors, such as; the
size of your business, the quality of your products, the demand
for your products, the location of your business, and the level
of competition in the market.
However, The average profit margin for a furniture business in
Nigeria is around 20%. This means that if your revenue is
₦1,000,000 per month, your profit would be ₦200,000 per month.
Of course, this is just an estimate and your actual profit may
vary depending on your expenses and sales volume.
It
is very important for furniture making businesses to keep up
with trends and produce what the customers want. The taste and
style of people differs from one another. Getting to know what
people want will aid your furniture business as you will be able
to deliver the right products to the right people. This research
will not only help you know what people want but you will get to
know how large the furniture business is and how you can
outperform your competitors.
The
Nigerian furniture market offers immense potential for aspiring
entrepreneurs. By understanding the market, offering
high-quality products, and leveraging digital platforms, you can
carve out your niche in this lucrative industry. So, why wait?
Begin your entrepreneurial journey today and tap into this
potential. Remember, the journey of a thousand miles begins with
a single step.
How to start a lucrative
Furniture Business in Nigeria. In this information, you
will learn the best way to market and profit from the
Furniture Business. Most especially, you will learn the
exact costs of the resources and equipment you need for
your Furniture business. The body of this work is formed
from consulting experienced and relevant people running
this Business. You will get first-hand information about
the success secrets and marketing strategies deployed to
achieve business success
Click here to fill our application form:
https://forms.gle/jt7DaqkmobimT5PX8
One on one practical training with ongoing support
from our resource person. Well-crafted training
initiatives aim to close skill gaps, thus boosting
individual performance. The success of this program
reflects our shared commitment to creating a better
future for our participants The trainees are evaluated
at the end of the training period to ascertain the
reliability of such training so as to assist in the
provision of necessary instrument needed for starting
the business or trade. Training is built on an active,
experimental and practical learning sessions. Our expert
advice is unique, actionable, and impossible to
replicate. No one else can provide the tailored insights
we offer, designed specifically for your success
.Imagine having a roadmap tailored just for you, guiding
you step by step toward your
career goals. Attendees will receive certificate
of participation at the end of the Training
Click here to fill our application form:
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