Nowadays, wallpaper is considered an effective alternative to interior painting. Thus, it has secured a strong foothold in the interior designing industry. It is similarly popular in domestic and as well as commercial applications.
Some of the major reasons for its popularity are cost-effectiveness, ease of installation, available variations, and a wide price range (cheap to costly). We must say the wallpaper business is profitable. Any individual can start this business with prior experience and knowledge.
Why Wallpaper Business is Profitable?
Wallpaper has certain advantages over painting materials. That is why people are shifting towards wallpaper from texture painting. Advantages are:
- Available in a wide variety. You can choose from hundreds of patterns, colors, and designs.
- Some wallpapers can be painted, allowing you to put some texture in the room while still adding your favorite paint color.
- The wallpaper is easy to clean. Most of today’s wallpapers are coated so that they wipe clean from common household marks.
- Ease of installation
- Reasonable price
Currently, decorated plastic wallpaper accounts for 76.0% of the global demand while the remaining market share is divided between ingrain wallpaper (0.6%), and other wallpaper (23.4%). China, Germany, Italy, South Korea, and the United Kingdom represent the largest wallpaper markets while the strongest annual growth is forecast to occur in Panama (13.6%), Bolivia (12.5%), Uruguay (11.6%), Kazakhstan (11.5%) and Ecuador (9.8%).
According to your skill and investment capacity, you can start a wallpaper business of your own. Furthermore, the initial cost of starting a wallpaper business is very low. One can start a wallpaper business with an investment as low as $100.
Here, we have listed the most profitable and low-cost wallpaper business for your ready reference.
List of 5 Most Profitable Wallpaper Business Ideas
#1. Wallpaper Import Export
If you have moderate capital to invest in and have adequate knowledge about the market, then it is the best business to start. According to the place you are living in, you can start the import or export of wallpaper.
Study the market first. Compare the manufacturing cost price of the product and export or import cost. This is the primary determining factor, whether you will import or export wallpaper from abroad.
#2. Wallpaper Installation
This is one of the most profitable wallpaper businesses to start with no money. If you know the job, then you start wallpaper installation and un-wallpaper (wallpaper removing) both. Network with the established interior designing firms. Make your company available with all local directories.
You can also establish a network with wallpaper shop owners.
#3. Wallpaper Manufacturing
Wallpaper manufacturing is one of the most trending businesses in the paper industry. Years of experience, skills in production technology, and adequate knowledge about the market are required to start this business. This is one of the most profitable wallpaper businesses according to the gross profit margin.
#4. Wallpaper Reseller
Wallpaper reselling is also a good business to start with small startup capital. You can source the products from manufacturers or importers. Your customers can anyone intend to install wallpaper in the room.
You can also sell the products to the interior designers. establish a business relationship with wallpaper installation service providers.
#5. Wallpaper Store
This is the most lucrative and self-rewarding wallpaper business. The location of the store is important. Sourcing quality products at a competitive price is the most determining factor in the profitability of the store. You can also start this business with other related products like home furnishing.
You must keep a wide variety of stocks to attract all the customers with different price requirements. A true passion for home decorating is the most determining factor in getting the success of wallpaper business.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.