Business Idea

Start An Office Furniture Business

About

Starting an office furniture business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell office furniture, or selling office furniture online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an office furniture business ➜

Key stats

market size
$71B
starting costs
$34.3K
gross margin
52%
avg product price
$21000
time to build
9 months

About

Starting an office furniture business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell office furniture, or selling office furniture online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an office furniture business ➜

Key stats

market size
$71B
starting costs
$34.3K
gross margin
52%

 

avg product price
$21000
time to build
9 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $550 $6,000
Website Costs $232 $6,500
Business Formation Fees $600 $4,700
Retail Business Expenses $0 $16,150
Inventory Expenses $350 $14,750
Specific Industry Expenses $500 $4,000
Advertising & Marketing Costs $75 $4,786
Software Expenses $0 $420
Other Expenses $0 $300

Successful Businesses

Business URL Rank
Furniture and Home Appliances on Rent in Pune, Bengaluru, Delhi NCR, Hyderabad, India rentickle.com #55,601
ValueCityFurniture.com valuecityfurniture.com #56,240
Rent Furniture Online furlenco.com #60,010
Rent-A-Center rentacenter.com #65,675
Furnished Finder furnishedfinder.com #77,610
CasaOne casaone.com #117,910
Fernish: Premium furniture rentals that feel like home fernish.com #118,311
unknown livefeather.com #119,514
CORT Furniture Rental cort.com #126,489
CORT Furniture cortfurnitureoutlet.com #202,506
Furniture on Rent in Delhi fabrento.com #347,317

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services within your office furniture business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Meaningful business connections You never know who you will meet or get to work with for your office furniture business. This could be the start of an incredible business opportunity!
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your office furniture business becomes an integral piece of their every day lives.
High margins The gross margins for your office furniture business are typically around 52%, which is considerably high and allows you to grow your business and manage costs easily.
Control of workload With a office furniture business, you get the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
High employee turnover In the office furniture business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
High overhead expenses With starting an office furniture business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.
You may need to charge sales tax If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out [this article](https://www.thebalancesmb.com/do-i-need-to-collect-sales-taxes-in-my-state-398913)
Customer churn With a office furniture business, people can cancel their subscription - which can make income unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.
Time commitment With starting a office furniture business, all responsibilities and duties will be in your hands. Although this is not necessarily a negative thing, it's important to understand that your work-life balance may be a bit unbalanced at times. This can place a strain on friends and family and add to the pressure of launching a new business.

Marketing Ideas

  • 1

    Affiliate program

    An affiliate program is a way to reward people outside your organization to share your product.

  • 2

    Word of mouth

    The most tried and true way to grow a office furniture business is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 3

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to office furniture business.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜