Questions
eCommerce
What are the profit margins for high end home decor and furniture?
These would be curated pieces from individual artisans, so essentially I'm a reseller. Also, which usually comes first, an ecommerce store or the styling service?
3answers
Hone decor / furniture industry is one of the highest profit promising industry today. The profit margins on home decor ranges from 20% - 45% depend on the price of the product. If you're looking to get quickly popular, I suggest you start with the online store and promote it on offline as well. Keep the margins low initially so that you can attract more buyers. As the business grows, reinvest the amount back on the business so that you can stock more varieties.
All the very best.
Answered 4 years ago
If you are thinking of creating a store for your home décor products then i must prefer and suggest you shopify for your ecommerce business.
Answered 4 years ago
Two primary reasons that have contributed to this industry’s growth are high-margin products and less competition due to high entry barriers. Furniture and home décor items are expensive products, and the profit margins can be as high as 40%! Therefore, companies earn great revenue even after deducting shipping and other costs. While the margins are high, it is not an easy model to replicate because of the huge initial investment and emphasis on good quality & design. Therefore, the space is still not crowded unlike other ecommerce categories.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Answered 4 years ago
