If you make your living as an interior designer or decorator the present economy has got to be hurting your company. When the economy is slow, several folks who may possibly otherwise hire an interior designer or decorator are forced to move such a ‘non-essential’ service to the bottom of their priority list. If you haven’t felt the pinch yet, brace yourself as your company could take a drastic nose-dive during an economic recession. Nobody really needs interior design services, specially in have-not times.
There’s also the truth that so many of your days are spent on the company-side of design; negotiating with contractors, waiting for deliveries to arrive, billing, gathering quotes, and so on. This is all time that doesn’t directly generate revenue for your interior design or decorating company, and when client billings are already meager, this can really hurt your financial scenario.
Maybe you’re one of the numerous trained interior decorators who have ended up working in retail for a 100% commission. If the economy gets worse and you’re working purely on commission, where does that leave you? Even in great times, if you work for 100% commission you may well as well be your own boss and have the freedom to marketplace yourself to new clients rather than being tied to any one store.
When I decided to take the reigns of my life back and do something that would enable me to profit from my creativity, I considered a career in interior design. I struggled with that choice countless times across a 20 year period when I was unsatisfied in my work. I researched, and even interviewed, many interior design schools in my “former life” but for some reason I by no means took the step to enroll. I decided with my BA, MBA and a couple decades of expertise in business, being in a classroom for two to four years with kids 20 years my junior was not some thing I wanted to do.
By no means mind tuition costs and the tremendous loss of income even though you’re a student. Then who knows how quite a few years of working expertise as a designer or decorator would be needed after graduation to genuinely start earning cash. I wanted to unleash my creativity and love for decorating, but I absolutely needed to start making money as soon as feasible. So, I started my own residence staging organization.
As soon as my company was launched, the money was coming in. Within my second year as a home stager I was making up to ,000 per month. Compare that to the median annual salary of ,150 a year for an Interior Designer according to Salary.com this year. I’m very happy I trusted my instincts!
If you’re an interior designer or decorator and you aren’t making enough cash, consider adding Home Staging to your service mix or switching to a a lot more profitable career as a Home Stager altogether.
Here a few ways a home staging company can be more profitable than an interior design company:
• As a home stager you get the chance to work with distinct kinds of folks than you would as an interior designer. Normally, only very high income individuals hire interior designers, which limits your target marketplace. Home stagers work mostly with clients in the middle to upper income level which gives you a significantly larger percentage of the population to market to, and increases the number of projects accessible for you to work on.
• Home stagers take pleasure in a higher volume of projects than interior designers because every 1 is so short in nature. One interior design project may take months to complete (specifically when you factor in the wait times to have upholstery done, or furniture delivered), but the average house staging project takes only a few hours or days. There’s no way I could have decorated hundreds of homes within a couple of years as a new interior designer, the way I did as a new house stager. With such quick projects, a home stager is able to complete (and get paid for) a considerably higher number of projects per year than an interior designer who typically has client work on hold by means of no fault of their own.
• When the economy is slow, individuals remove the non-essentials. Interior design or decorating isn’t truly high on the “essential items list” specially when selections require to be made about what to give up, and there’s no real deadline to redecorate or renovate a room. In uncertain times, interior design moves way down on the priority list, although house staging move up. No matter how slow the economy is or how significantly the real estate marketplace has declined, there will often be men and women who absolutely have to sell and move by a specific date. Divorce, job relocation, job loss, mounting debts, a death in the family or a birth frequently get people to put their house on the market even if it isn’t the best time to sell. When a homeowner is desperate to sell their house, a property stager will typically be involved since the seller stands to make a handsome profit from their services. When men and women have much less time, less money or much less equity in their house, they will need a residence stager so they can get whatever they can out of the sale of their home! As a property stager, your creativity and talent for decorating will serve you well in slow economic times and slow real estate markets.
I particularly love the quantity of creative freedom I get as a home stager. Because my clients know I’m decorating their residence to sell and not for them to live in, I am able to execute my creative vision with out their interference or taking their taste into consideration. I can’t imagine wasting hours sitting with a client who can’t decide which color they want for their bathroom, or which fabric to pick for their drapes. My clients do not care what I select as long as their house will sell quicker due to the fact of it. Besides that, my residence staging company is extremely profitable which each entrepreneur wants.
If your interior design company isn’t performing as well as you hoped, it’s not too late to make a change towards living a much more creatively fulfilling career that is also more profitable. Do some study into the home staging field. It’s a career that is virtually “recession-proof”.