Becoming a kitchen and bath cabinet dealer can quickly turn into a lucrative business if you play your cards right. According to a major study run by the National Kitchen & Bath Association (NKBA), there was a value of $147.3 billion in sales of products and materials aimed at the residential kitchen and bath market in 2016, compared to $134.1 billion in 2015.
The study also projected a growth of 10% in 2017 and another 9.3% in 2018, which would raise the size of the market to an extraordinary $178 billion. If you’ve been thinking about becoming a kitchen and bath cabinet dealer, now is the perfect time to start.
This eBook covers the most effective ways on how to become a cabinet dealer:
- Creating a business plan
- Finding manufacturers
- Opening a showroom
- Marketing your business
- Joining associations
- And more
Each chapter offers different solutions and guidelines that will help you put an effective business strategy in place to start your own kitchen and bath cabinet dealer business.
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Sneak Peek – Business Plan
Every new business needs a foolproof business plan, and the kitchen and bath cabinet dealing business is no exception. You need a clear strategy you can fall back on throughout the start of your business so you don’t lose track of what your end goal is.
Defining target market
The very first item you need to check off your business plan list is defining your target market. There is no way you can start a business if you don’t know who you will be selling to. Will you be selling to interior designers? Will you be selling to remodelers? Will you be selling to the general public? All of the above, maybe?
Defining your ideal client is crucial to your business plan, and even if your ideal client is obvious to you, do some research anyway. Look into their buying habits, their income level, their age, their gender, etc. This will help you in the long run, especially when it comes to marketing your business, which we will discuss later.
Setting realistic goals
Every business wants to be successful and make profit. That’s a common goal among all business owners. But you also have to be realistic when setting your goals. You need to understand that you won’t be successful overnight. That it takes a lot of hard work, sacrifice, and patience to start and grow your business.
You can start by setting weekly, monthly and yearly goals for yourself that are feasible. Be specific, and make sure your goals are measurable so you know if you’ve achieved them or not. You also have to make sure you have the time and resources to achieve your goals, otherwise you’re setting yourself up for failure.
To learn more about how to become a cabinet dealer, download our free eBook today!
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