What is the Online Home Furnishing Sales industry?
The industry has a moderate level of capital intensity. For every dollar spent on capital, an estimated $7.82 is allocated to wages. Online home furnishing retailers have different labour and capital requirements compared with traditional retailers. Technical staff are required to maintain and update websites. Employees are also required to manage warehouse and distribution centres, which can include tasks such as managing inventory and coordinating deliveries. Industry operators also employ a range of administration and sales staff. Shipping functions, however, are generally outsourced.
Initial capital requirements include investment in warehouse space, online management systems, computers and their peripherals... purchase to read more