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"Furniture Upcycling Business": How to Get Started

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Have a passion for furniture? Or have the eye, and skill to fix old things as new? Fixing old furnitures and re-selling it can net you an astonishing profit, and can be a very exciting business at the same time. What you'll need is simply to find a good bargain, clean the items, and do some minor "renovations" if necessary to make it as good (or better) than new, and sell it for a huge profit.

The profit you make from each piece can easily be over 200%, making this business a hidden gem for huge earning potential. Can be started with a relatively low startup cost, and low skill barrier, this business can be a great start for your entrepreneurial journey.

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Interested to try this one promising venture?
Here are a few tips and considerations to help get you started.

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1. Startup Investment
The idea of this business is that you're able to start with any amount of capital available, and make a profit from it. You can literally start with $1, provided you can find a decent antique furniture of that price. If you plan to start on a larger scale, though, you might need to rent a warehouse or similar storing space. The rent cost can vary depending on sizes and locations, but because it's generally only for storing purpose, location won't really affect your decision.

2. Find Your Bargain
The key to this business, other than your 'flipping' skill to renovate old furnitures, is to find the best bargain available. The obvious option is to browse for hidden treasures on eBay, Etsy, and other online marketplaces, but searching through garage sales and local flea markets can also be productive. Your options are endless, and so does your oppotunities.

3. Flipping Your Furnitures
Sometimes, the smallest change can be the maximum value-enhancer. Changing the knob of a drawer to a shinier one can dramatically increase its value. Simple paint-job on an otherwise dull cupboard can make its price three-folds. Be creative, your limit will only be your imagination.

4. Licenses and Permits
Depending on your locations, special license or permit might be required before you can start this business. Consult your local authorities to get more information regarding required permits and necessary application process.

5. Marketing
You can sell your furnitures at online marketplaces like eBay or Etsy, or can open your own local garage sale. Joining a flea market, or even opening your own storefront can also work. Find a business model that best suits your available capital. Social media like Instagram or Pinterest will also be a good place to showcase your products and find potential clients.

Earning Potential

Your earning will vary depending on your initial capital, but as a rule of thumb, each item can net you 200%-300% of profits including cleaning and fixing costs. For example, if you buy old furnitures worth $10,000, in general you can make another $20,000 as profit, or $30,000 earning.

This fact shows the huge profitability potential of the business, and you can easily make over $60,000 in a year. The key for this business is to find a good deal for bargain, good eye to clean and fix furnitures, and marketing strategy.