The furniture or home furnishing industry consists of businesses that manufacture and sell products related to interior decoration, such as soft furnishings, cabinets, lightings, and other household appliances. It would never lack demand since countless buildings have been built every single day. Even during the pandemic, the growth of the home furnishing business is never slow but steady. Moreover, the globalization and ecommerce boom help boost the industry. By 2025, the revenue for the home furnishing industry will make a 25% increase. OPPEIN, as the leader of a custom home furnishing company in China, shared its mid-year report of 2021. In this report, its sales turnover reached 1.26 billion US dollars in Q1 and Q2. Thus, it is the perfect time to catch the trend and share the value of this big market.
To start your business, the next thing you should consider is to own a franchise of a famous brand or set up your own company. Here we will compare the process of these 2 options.
If you are interested in starting your own company, you may go through these steps:
1. Do local market research.
2. Make a business plan and get finance.
3. Register the company and get a license.
4. Source materials on your own.
5. Hire and train employees.
Building up a brand-new company is never an easy task. To mitigate the risk of starting up a brand-new company, we suggest you get a franchise from a famous company in the industry, which will make your success much easier.
In this way, you would not have to do the specific works all on your own. With the help of a mature company, much time and money can be saved. For instance, OPPEIN has been supporting its 7,000+ worldwide franchisees with product discounts, technics, and professional team building. And the franchisees have made over 900 million US dollar revenue in Q1 and Q2 of 2021. What’s more, the franchisor would provide a protected territory policy. That means the franchise owner will be the only franchisee in the region with no competitor from the same company
How to Find a Trusted Franchisor?