How to grow your successful interior design business.
At Inside Stories, the growth that we have experienced in our interior design service offerings prior, during and post pandemic has surpassed anything that we could have predicted. Our own growth is the perfect example of why you should consider investing in your own small interior design business. You have worked so hard to start your own design business but how do you grow it. You only have so many hours a week to design.
Interior design market size
Provided by Reportlinker, amid the COVID-19 pandemic, the global market for Interior Design Services estimated at $150.7 billion in 2020. By 2027 it is projected to almost double and reach $255.4 billion. The U.S. Market alone is estimated at $40.7 billion by 2027.
Sounds like, to us, a positive growth! We might be biased but we don’t see any indicators that the interior design industry is slowing down and now is the time to expand. The housing market is booming so far in 2021. More existing homes were sold in 2020 than in any year since 2006. From 2020 to the early part of 2021, low mortgage rates and the increase of people working from home, ignited by the pandemic, have fueled a rapid increase in housing demand. More new home owners equates to an increase in the need for flexible interior design service offerings.
In the past you would have needed to take risks to start your own interior design firm, high overhead and out of pocket costs to expand. That’s the old way of thinking. Today, with Inside Stories, you can become a franchise owner and have your own firm up and running within months. Since you are the business owner, you hire additional interior designers to take care of additional work load. In 2019, the U.S Bureau of Labor Statistics data showed there were 60,650 people employed in the interior design industry. The talent pool is large, they just need a firm to work for. Why not your business.
So after reviewing and considering your options to make more revenue, consider Inside Stories as an option. Depending on your city and state we are limited to the amount of franchises that can open, so don’t hesitate to call us now!
To learn more about owning an Inside Stories Franchise, click here.
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