If you’ve ever bought furniture, it’s likely you overpaid… By a lot. Depending on the piece, markups can range anywhere from 30% for wholesale goods all the way up to 500% for luxury items. These high markups can eat into your margins or limit your options as an interior designer. We’re going to cover the main causes for these markups and how you can avoid them.
Furniture prices are often inflated due to complex supply chains, resulting in an overall lack of price transparency. A product might pass through multiple intermediaries before you get the final price-manufacturers, wholesalers, distributors, and retailers. Each step in this process takes their own cut, making it difficult for buyers to truly understand the real price of furniture.
To avoid these markups, it’s best to purchase early on in the supply chain process. Oftentimes furniture catalogs or other major retailers are at the end of the supply chain, resulting in the higher prices. Ordering directly from manufacturers is ideal, but is often not possible due to minimum order quantities.
By using Terra, however, you can order directly from these manufacturers at any order size while paying wholesale prices. Learn more about Terra and how you can unlock its benefits below.
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