Consignment furniture is an ideal business for people who love interior design and who have high standards for antiques and furniture. This is because furniture is one of the most progressive sections of the resale business and you can gear towards recycling your old furniture and make it look brand new.
There are some non-furnishing stores that add furniture to their inventories or opens instant, single-furnishing setting to make their business more lucrative. These furnishing stores believe consignment furniture business can help increase their monthly income.
What is consignment furniture
Now, for those who do not know much about consignment furniture, consignment is a sales strategy in which a product is given for reselling. This works under the basic premise that only what is sold will be paid. The unsold furniture or products will be returned after an agreed period of time. This method is very popular these days because there is no capital wasted. It is differentiated from buying items for reselling and being stuck in your shelves for long period without moving. If the items are consigned, a seller will only pay for what he was able to sell.
Starting consignment furniture business
If you want to make sale, you just have to clean well-adorned furniture and accessories and display and merchandise them for their owners. Transforming your good home to a cozy antique shop just by simply adding sofas and tables will be enough to give an aged-look atmosphere but still maintaining a graceful style. Try adding some paintings and other decorative items to your stock for resale.
If you are planning to get into the consignment furniture business, you have to spend time going out to people’s homes and evaluating their furniture pieces and taking them back to your shop. You can start by visiting your friends’ homes and getting some ideas from there and then you can ask them to let you visit some of their friends’ houses. This is a perfect industry for a new entrepreneur because you put your items on consignment and bring your furniture on a store for sale under contract. Once the items are sold, you being the consignor will receive the payment from the consignee or the store.