The interior design field has a $17.5 billion market size. It’s a health industry to be part of, as there are several clients in need of your expertise. You have to understand the financial implications of the career so that you can earn a healthy living.
But, how much do interior designers make? How can you start an interior design business? We’re happy to explain.
Here’s what you should know about the typical interior design salary and other aspects of the career.
What is a Typical Interior Design Salary?
To get a feel for the typical interior designer salary, you have to get to know national averages. People in this field generally earn between approximately $50,000 and $140,000 per year.
These salaries depend on a lot of factors, and companies use different pay structures. Business owners are likely to pay themselves a salary, while freelance designers might charge by the hour for each project. There’s plenty of room for growth no matter what you start out earning.
What Are the Benefits of an Interior Design Career?
It’s important to get to know what it is you love about interior design. When you have a niche, it’s easier for you to hone in on a target customer and demographic. For instance, you might specialize in helping military relocating families stage their homes for sale, or helping store owners design their lobbies and storefronts.
Here are some of the benefits of the career path that you’ll appreciate:
- Lots of career flexibility
- Unlimited earning potential
- An incredible creative outlet
- You can work on your terms and set your own hours
- There’s plenty of demand
With these benefits in mind, it’s important that you figure out the best way to get a business off the ground.
How Can You Start Your Business?
When you’re learning how to start an interior design business, begin with your business plan. This plan should include an executive summary of your business, first quarter and first-year goals, staffing needs, a study of your competitors, and other information.
It should also include a starting salary, so you know what to pay yourself to cover your living expenses as you grow your business. Put together a portfolio that you can use to draw in some customers. Designate your business legally and get your license and an insurance policy.
Open some business checking accounts that you can use to make payments and transfer funds.
What Can You Do to Get Customers?
Marketing needs to be your bread and butter when you’re starting an interior design business. This is a visual business, so use multimedia to your advantage every chance you get. Stay active on social media outlets like Instagram and YouTube.
Do your best to get your search engine optimization (SEO) rankings higher. Take the time to learn more about blogging so that you can get the best from your SEO needs.
Start Your Interior Design Career
Learning about the standard interior design salary can help you make the right decisions in your career. These suggestions will get you from point A to B so that you can begin doing your best work for clients.
Start here and check out our other posts to help you with business and interior design.