Many recognize the furniture business in Kenya as full of potential for huge profits within a short time.
There is a need for a clear guide to starting and building the best profitable furniture business in Kenya. Generally, no offices can run without furniture. This industry is, therefore, essential as one that meets the needs of millions everywhere. This is also true in Kenya. We want to invite you to start an exciting journey by trying some of our highlighted profitable furniture business ideas that work in 2021 and beyond. Who knows, you may well be on a dream journey to gracing the exclusive millionaire’s club!
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Start a Secondhand Furniture Yard
A majority of Kenyans live below the poverty line. Actually, 40 percent of Kenyans live in abject poverty. Regardless, a significant number of the Kenyan urban population comprises the middle working class. Generally, these people have little money to spare. They mostly live in leading cities and towns like Nairobi, Mombasa, Kisumu, Nakuru, and Eldoret.
It’s important to note that most people don’t buy new furniture. The demand for used furniture has therefore skyrocketed. To enjoy impressive profit margins, you merely need to purchase used furniture from the Corido market. Next, repair, refurbish, and then sell these as used furniture. You can fetch up to 100% profit!
Other than fetching good profit margins, starting a secondhand furniture shop has several advantages: You don’t need special skills or tools. You need very little startup capital investment and monthly operational costs. And there are minimal government regulations after registering your business.
Home Furniture Business
This is one of the best profitable furniture ideas in the year 2021. To get started, you must do the following:
- Decide on the kind of furniture you are going to make.
- Specify what you need in terms of materials and starting capital.
- Identify your target market.
- Decide whether to target the local market or try your luck on the international market. You will need to be guided by an elaborate market analysis to evaluate your furniture type’s demand.
- Finally, you need to identify your competitors.
Expatriate Furniture Business
The increasing influx of diplomats and expatriates from different countries is inspiring new ideas in many sectors of the economy, including the furniture industry.
This business targets expatriates who are leaving the country and disposing of household furniture. You only need to buy the items from the expatriates, take a photo of the furniture, set your price, and then have the items posted on Corido platform.
Sale of Office Furniture
The office furniture business is one of the most lucrative business ideas in 2021. In the wake of Covid-19, many people transformed their homes into offices as the majority started working from home. The demand for office furniture has, therefore, been on a steady rise.
To get started, you need a retail office furniture store. Ensure that the store has several displays that feature office furniture. These include small and large office businesses or home-based businesses.
When creating your office furniture display, consider outfitting it skillfully. Let it reflect the right style of the required office. For instance, large shelving systems and filing cabinets are more likely to be needed by offices for merchandise storage than a home business.
When shopping for the office furniture store, have your customer needs as the driving force. If you realize your office furniture store is not attracting huge sales, try taking pictures of your furniture displays and posting these on Corido to attract online customers.
Upholstering Services and Furniture Repair Business
Furniture usually wears out; the remedy is repair or replacement. Some people would rather have their furniture upholstered than buy new ones. This is especially true if they are high-quality or expensive furniture. And this is where the upholstery business comes in.
The initial capital for the upholstery business is usually minimal. You only need a workshop, tools, and perhaps a vehicle to transport the furniture to and from the client’s location.
Some essential upholstery tools include:
- General tools ( screwdrivers, hex wrenches, a hammer, a cordless drill).
- Common tools (electric carver’s knife for cutting foam).
- Specialized tools ( a gooseneck webbing stretcher, upholstery shears, upholsterer’s pins, and marking chalk).
Get high-quality upholstery tools from Corido, and you’re good to go.
Interior Design Business
Interior Design Business is one of the most lucrative business ventures. Notably, few industry players are currently involved in the home décor business. If you do an excellent job with clients, you will be assured of good profits.
To get started, ensure you register your company and pay all the necessary levies to run an interior design business.
You can also put an office or showroom in place, especially if you are interested in trading on interior design products. You can quickly get some of the interior design products from the Corido platform. It’s possible to order online and have the items delivered to you at the most convenient time and location.
Further, you can make a fortune selling interior décor designs online. There are many well-established online sites with hundreds of thousands of registered buyers.
It has taken us a great effort to come up with the Best Profitable Furniture Business Ideas in 2021. Highlighting some of the ideas with insights on what might work for you this year and beyond. Please ensure you take necessary precautions and good market research to give you an idea of what you can invest in.
The furniture business in Kenya has come a long way and is still evolving. Regardless of how small you start, you can be sure you’ll grow steadily. Moreover, you can keep up with the dynamic trends that characterize the furniture industry in general. Ultimately, this will help you avoid a tendency for complacency as you learn and grow.
Depending on your preference, here is a list of sites dealing with furniture:
1. Corido Marketplace – Secondhand Furniture
2. Furniture Palace – New Imported Furniture
3. Furniture Elegance – New Imported Furniture
First, you should consider doing lots of research on the target audience, market size, and location. This is an industry that has many players. You only need to identify your niche. You should also understand that the furniture business has a wider scope in terms of designs, colour, shape, use, etc.
Office furniture is one which is used for commercial use or rather placed in offices, while home furniture is one which is used in homes or private use such as coffee table, beds, dressers and tv stand etc.