How do you start an interior decoration business? Do you need a sample interior design business plan template? Do you want to learn what it takes to build an interior decoration business from home? Then i advice you read on.
If you have an eye for design, then you need a first-hand guide on how to start a home décor business. The home décor, also known as interior decoration is a business that does not need much investment. With creativity, good business skills and excellent customer service, you can make a flourishing career out of the home décor business.
If you want to start a business in the interior decoration industry, you can complement your income by selling decorative objects or providing decorating services for the house. In this article, I will be providing you with tips on how to start a home décor business.
But before I go into the details of starting a gift basket business, I want to emphatically state that the information provided in this article does not in any way replace the need for you to conduct a feasibility study, write a business plan and do your own due diligence.
Secondly, the information shared in this article is applicable to any locality; be it USA, Canada, UK, Nigeria, Ghana, Malaysia, etc. Without wasting your time, below are creative ways on how to start your own interior design business with little or no money.
Starting an Interior Design Company – Sample Business Plan Template
1. The first step to starting a home décoration business is to determine your budget and write a business plan. Settle on the kind of clients you wish to have and the medium through which you will reach such clients. Have a ballpark figure of the budget of your business. Do not forget to incorporate into your budget the inventory for your décor, vehicle maintenance and insurance.
The second step to starting a home décor business is to decide how much will be your charging rate and model. Will you charge by day or per hour? Are you going to charge per total cost of project, or by square foot? Know how much your rivals are charging so that you will have an idea of the current market rate.
Have an attractive price for the service most clients use so that they will keep on utilizing it. You can give discounts per room if a client wants to decorate the entire house instead of just one room.
The third step to starting a home décor business is to have a good relationship with companies that can supply your needs. If you establish a good relationship with them, they may give you discounts with every decors purchased. You will also receive updates about the latest decors and the ones that are yet to arrive in the market. You can also ask them to reserve limited items or ask them to provide you special items should the need arises.
Do you still want more details on how to start a home decoration business; then read on. The fourth step to starting a home décor business is to make a portfolio. You need to have a collection of all the works you have done in the past so that potential customers can see and judge your expertise.
If you are still new in the business, you can decorate your house and take before and after pictures of it. You can also decorate the homes of your family members and friends and take pictures of them to make up your portfolio. Your pictures should depict your style on decorating.
The last step to starting a home décor business is to promote it. Create a website and fill it up with pictures of your designs and decors. You can also make an attractive brochure to be given out to customers. You can also place an ad in the local newspaper so that people in the community will see your work.
A home décor business is very profitable because people would always want their houses to be attractive. They want to come home to a comfortable and relaxing home. If you know how to start a home décor business, get into it and make huge profits.