Company Website: https://howbysamspace.com/

FB: https://www.facebook.com/SamSpaceMeta/

Whatsapp: https://wa.link/8eb6p3

 

Creating Your Dream Home with Affordable Pricing

Envision, the nature of the inaugural abode in your life.
 

Within the recesses of every individual's mind resides a vision of their personal dream residence. However, the harsh dictates of reality routinely present a gamut of challenges. The choices of domestic products in the market are often constrained, exhibiting a relatively conventional style that lacks novelty. Renowned brands in the realm of home furnishings, on the other hand, tend to command steep prices, likely to exceed your predetermined budget. The acquisition of overseas furniture through online channels necessitates the endurance of a protracted delivery period. To compound matters, the post-purchase service offered by many home furnishing brands leaves much to be desired.

 

To address the aforementioned quandaries, Samspace offers an array of economical and aesthetically pleasing furniture and design solutions. Their aim is to ensure that individuals, one and all, can, within the confines of a limited budget, realize their vision of an ideal home environment.

 

As a comprehensive furniture and interior design establishment, Samspace's portfolio of services spans the diverse facets of domestic living, encompassing spatial optimization, design, and after-sales support.
 

The Four Pivotal Advantages of Samspace Addressing Home Furnishings Market Pain Points

 

1. Diverse Selection
   Samspace collaborates with multiple designers to offer customers a wider range of furniture choices. Furthermore, we maintain close partnerships with suppliers and manufacturers to enhance market research and expand our product procurement, thereby increasing the variety of available products.
    
2. ​​​​​Affordable Pricing
   The majority of Samspace's home furnishing products are competitively priced, catering to the needs of various societal strata.
    
3. Limited Edition Styles
   Samspace continuously introduces fresh designs while rigorously controlling inventory levels, ensuring that new products are timely placed on the shelves.
    
4. Short Waiting Period
   Samspace streamlines the entire process from design to shelving, enabling customers to enjoy their dream home furnishings in a shorter timeframe.

 

Our Vision and Mission

Vision

To emerge as the pioneering innovator in Malaysia's home furnishings industry by developing a comprehensive home ecosystem, delivering all-encompassing home solutions.

 

Mission

To craft practical and inspirational furniture for each and every customer, employing space-efficient design principles, and ensuring affordable access to a more comfortable and aesthetically pleasing home life

 

About the project founder——Samuel Fo

 

Returning to Homeland to Provide Companionship to My Elderly Parents and Contribute to the Development of the Local Economy
Greetings, I am Samuel, hailing from Seremban, Negeri Sembilan.
 

I have spent over a decade in the employ of an international IT company, culminating in my appointment as Executive Director of the Indonesian subsidiary in 2016, where I assumed responsibility for market development in the Indonesian sector.

 

My professional background is steeped in extensive marketing experience, creative marketing concepts, and online marketing strategies. During my tenure, I even achieved the remarkable feat of a one-day sales record, generating a staggering RM 147,000 in revenue.

 

In the year 2021, I resolved to return to Malaysia, affording more time to be in the company of my elderly parents. My wealth of experience in online retail led me to recognize the untapped potential within both domestic and international home furnishings markets. This realization prompted my selection of the 'home furnishings' sector as the focus of my entrepreneurial endeavors.

 

Leveraging the resources accumulated over the years and a wealth of expertise, I founded Samspace, firmly establishing it in my hometown of Seremban, with the noble aim of making a substantial contribution to the local economy.
 

Energetic and Proactive Team：

 

Founder and CEO - Samuel Fo

• 2022 SME 100 Award recipient

• 2022 Malaysia Outstanding Entrepreneur Award recipient
• 12 years of retail and e-commerce marketing experience
• Former General Manager at a multinational MNC
• Extensive marketing strategy expertise
• Proficient in multi-sourcing procurement
• Aspires to be a leader in Malaysia's comprehensive home ecosystem industry

 

General Manager - Vivian Chen

• Over 10 years of international business development experience

• Proficient in expanding online sales

• Rich expertise in financial budgeting and corporate management, achieving company sales targets

 

I have created my ideal living space on a limited budget!

With just RM100,000, I managed to bring my dream home to life!

In 2018, I acquired my first-ever home. At that time, I estimated that the renovation costs would be at least RM 200,000.

This amount exceeded my budget, so I decided to take matters into my own hands and do the interior design myself. Drawing upon my experience in online marketing, I excelled at sourcing materials and successfully reduced the renovation costs to less than RM 100,000. I crafted the ideal living space I had envisioned, and it garnered praise from both family and friends.
 

As a result, in 2021, following my resignation from a position in Indonesia and my return to my homeland, I made the decision to establish “Samspace”, My aspiration is to afford individuals the ability to replicate the realization of their dream abode, even within the confines of modest financial means.

 

 

In the early days of my entrepreneurial journey, I invested a great deal of effort in laying the groundwork. By importing rare and unique styles from overseas and employing bulk procurement to control costs, I managed to offer competitively priced products with excellent cost-performance ratios, providing customers with an outstanding shopping experience.

This strategy allowed Samspace to establish a firm foothold in the Malaysian market rapidly, achieving over RM 1 million in revenue within less than a year! Many of our customers were pleasantly surprised, as they hadn't expected to find such unique, exquisite, and high-quality furniture in Malaysia.
 

Initially, Samspace primarily focused on selling lighting fixtures, but as our business expanded, we gradually broadened our product range to include fans, sofas, tables, chairs, cabinets, and various other types of furniture.

By 2022, we had amassed 300 stock-keeping units (SKUs) and received approximately 16,417 orders, amassing a following of 17,000 to 20,000 visitors on social and e-commerce platforms.

 

In 2023, Samspace extended its reach to a multi-purpose offline sales showroom spanning 32,000 square feet. Apart from serving as a storage facility for inventory, it also functions as an office, display area, meeting space, and reception area, ensuring an enhanced customer experience.

Between 2023 and 2028, it is projected that Malaysia's furniture market will experience an annual growth rate of 7.89%. In 2023, the market size for living room furniture alone is estimated to be approximately $1.45 billion.
 

As per the data at hand, it is evident that offline marketing predominates within Malaysia's home furnishing sector. Consequently, Samspace has formulated plans for the establishment of four physical stores in the future, designed to enhance the customer experience through visual and tactile interaction.

 

While Samspace intends to broaden its offline retail footprint, it recognizes the importance of online shopping in the prevailing market trends. Hence, online sales channels remain one of our core strategies. Samspace aims to target international markets, including Jakarta with a population of over 10 million, affluent Singapore, and the rapidly growing economy of Vietnam.

 

Furthermore, Malaysia boasts a significant indigenous population ranging from 17.6 million to 18.6 million, constituting 67.4% of the total population. Hence, the Malay ethnic group is another key market segment for Samspace. The competitive pricing offered by Samspace serves as a vital factor in capturing the Malay market. Currently, Bumiputera customers make up nearly 70% of our current revenue.

 

 

 

We aspire to raise a maximum of RM 5 million in funding for the advancement of Samspace!

In this pursuit, Samspace has elected to engage the MyStartr equity crowdfunding platform, with the intention of raising a maximum of RM 5,000,000 and establishing a minimum crowdfunding target of RM 500,000 facilitating the continued expansion of Samspace.
 

Of the funds procured, 40% shall be designated for inventory, 25% for the expansion of physical outlets, 20% for operational needs, and 15% for market development.

 

 

 

 

Become an investor in the future's premier choice for Malaysian home furnishings!

• Rapid Growth: Established just two years ago, we have achieved an online sales turnover of RM 2.1 million.
• Infinite Potential: Projected sales for 2028 are expected to reach RM 80 million with a pre-tax profit of RM 20 million
• Stable Returns: An average annual interest rate of 7.6%, with consistent quarterly dividends
   

 

We aim to enable each individual to realize their dream home within the confines of a limited budget. If you resonate with our vision and have faith in our abilities, we extend a cordial invitation to join Samspace and become an investor in the future's preferred brand for home furnishings in Malaysia!

Should you wish to gain Samspace's further insights, please do not hesitate to furnish us with your details: https://lihi3.cc/J7yJQ