Designed by Wingnut Social | Interior Design Business

How to Transition Your Business Into a Full-Service Interior Design Firm (with Hearth Homes Interiors)


Listen Later

Are you thinking about transitioning from a staging business to a full-service interior design firm? Watch this video! Katie and Olivia of Hearth Homes Interiors started as a staging company and found success, but they decided they wanted to pivot and go all-in as a design firm. Today, they walk us through what led them to that decision, as well as how they navigated the transition.

Hearth Homes Interiors is a Santa Barbara design firm owned by two sisters-in-law, Katie Labourdette-Martinez and Olivia Wahler. After starting as a staging company and finding success, they decided they wanted to pivot and go all-in as a design firm. Their work reflects that highly-coveted, quintessential Santa Barbara style—refined and timeless, approachable, livable, and filled with organic textures and layers.

***

⭐️Are you a new designer or decorator entering the industry, but you’re not quite sure whether you’d like to do staging or design? Staging is an incredibly necessary service, especially for the real estate market, but it can require a lot of logistics. You’ll occasionally be met with long-term homeowners that may be uncomfortable seeing new furniture in their home, or are upset that they have to put their personal identifying items away. However, this needs to be done because staging has to appeal to the masses - it needs to be visually appealing to the most amount of people possible. With design, you can be more specific to the person that will be living in the space. You can give a different sort of flair to design that you cannot with staging. Olivia says designing a house for a family to live in is extremely gratifying; she loves designing it to their lifestyle and creating a space that’s going to comfort them and make them happy.

⭐️When it comes to staging, you need to be able to plan out your finances. Having inventory and storing that inventory can get really expensive - consequently, staging is a business where people are often breaking even. You have to be very strategic if you want to make staging a profitable business. You also need to be aware of how the market is doing in order to price your business appropriately. You can dip your toes in the water (without the financial risk) by redesigning existing spaces and freshening up what people already have. Do you really need to have your own inventory for staging? There are business models where you could rent your furniture, however, it’s a trade off as it may compromise your overall furniture selection.

⭐️Is staging or design more lucrative? For Hearth Homes Interiors, staging had a cap - they only had so much warehouse space and inventory, so they couldn’t stage an endless amount of homes. Additionally, during slower months as well as the pandemic, the market became unpredictable. The status of the market is a big part of staging overall. With design, Hearth Homes found that there was a lot more potential to make more money, and the market has less of an impact since it’s a luxury service.

***

📲CONNECT with Katie & Olivia:

Website: https://www.hearthhomesinteriors.com/

Instagram: https://www.instagram.com/hearthhomesinteriors/

TikTok: https://www.tiktok.com/@hearthhomes

📲CONNECT with Darla:

Darla’s Interior Design Website: https://darlapowell.com/

Instagram: https://www.instagram.com/darlapowellhome/

📚Resources & People Mentioned:

"Night Road" by Kristin Hannah

"The Alice Network" Kate Quinn

🏠FOLLOW Wingnut Social:

Website: http://www.wingnutsocial.com

Facebook: https://www.facebook.com/WingnutSocial/

Twitter: https://twitter.com/wingnutsocial

Instagram: https://www.instagram.com/wingnutsocial/

Wingnut Webinars: https://wingnutsocial.com/webinar

Get Wingnut Academy Updates: https://wingnutsocial.com/wingnut-academy/

🎧SUBSCRIBE to The Wingnut Social Podcast:

Apple Podcasts: https://apple.co/3RJzmtK

Google Podcasts: https://bit.ly/designedongooglepodcasts

TuneIn: https://bit.ly/designedontunein

YouTube: https://bit.ly/designedonyoutube

...more
View all episodesView all episodes
Download on the App Store

Designed by Wingnut Social | Interior Design BusinessBy Darla Powell

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

242 ratings


More shows like Designed by Wingnut Social | Interior Design Business

View all
A Well-Designed Business® | Interior Design  Business Podcast by LuAnn Nigara

A Well-Designed Business® | Interior Design Business Podcast

768 Listeners

How to Decorate by Ballard Designs

How to Decorate

836 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,505 Listeners

Call Her Daddy by Alex Cooper

Call Her Daddy

165,762 Listeners

Dear Alice | Interior Design by Alice Lane

Dear Alice | Interior Design

1,506 Listeners

Hot Young Designers Club | Interior Design Business Podcast by Hot Young Designers Club

Hot Young Designers Club | Interior Design Business Podcast

117 Listeners

Resilient by Design with Rebecca Hay by Rebecca Hay

Resilient by Design with Rebecca Hay

47 Listeners

Only Girl On The Jobsite by Renee Biery

Only Girl On The Jobsite

77 Listeners

Trade Tales by Business of Home, Kaitlin Petersen

Trade Tales

79 Listeners

The Interior Collective by IDCO Studio

The Interior Collective

286 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,443 Listeners

Design Business Freedom by Melissa Galt

Design Business Freedom

68 Listeners

Interior Design Business by Terri Taylor

Interior Design Business

40 Listeners

Nomadic Spaces: Tiny House Interior Design by Sarah Bronstein

Nomadic Spaces: Tiny House Interior Design

7 Listeners

Design Curious | Interior Design Podcast, Interior Design Career, Interior Design School, Coaching by Rebecca Ward, CID | Interior Designer, Interior Design Mentor, Designers Coach

Design Curious | Interior Design Podcast, Interior Design Career, Interior Design School, Coaching

30 Listeners