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What are the risks of starting a shoe line?
When starting your shoe line, you are likely to be faced with product risk which means your product must solve a problem to get an investment. The shoes would need to address the market and the right opportunity within the market at the right time.
Where is the best place to start a shoe business?
You can start your shoe line business from home, and liaise with shoe factories, material suppliers, distributors and retailers. All you need is a small space for administrative work and a good computer plus work space for your design; the garage, den, attic or basement can also fulfill that purpose.
How much money do you need to start a shoe line?
Going by the report from detailed research and feasibility studies, an entrepreneur would need an average of $22,000 to start a small scale shoe line business in the United States of America. Those wanting to start a medium scale shoe line business, would need nothing less than $80,000.
How much money does the shoe industry make?
The revenue for this industry is well over $15 billion, with a projected annual growth of 21.3% from year 2010 to 2015. According to American Apparel and Footwear Association, Americans purchased 2.2 billion pairs of shoes in 2008.
Last Update: Oct 2021
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