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Home» Questions»Q 165052
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

spencer
spencerEnlightened Mentor
Asked: June 30, 20242024-06-30T07:11:38+00:00 2024-06-30T07:11:38+00:00In: Money & Business

How Lucrative is Starting a Shoes Business?

What’s needed to start a shoe business, what are the requirements and capital needed, is it possible to scale such business?

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3 Answers

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  1. Inem
    Inem Knowledge Seeker
    2024-07-04T08:29:28+00:00Added an answer on July 4, 2024 at 8:29 am

    Anything that has to do with wears is a very lucrative business. And shoes is one of them. Everyone wears different kinds of shoes for work, events and other activities. Selling shoes is very lucrative but location is crucial. If you're really want to sell shoes and succeed, it should be in a placeRead more

    Anything that has to do with wears is a very lucrative business. And shoes is one of them. Everyone wears different kinds of shoes for work, events and other activities. Selling shoes is very lucrative but location is crucial. If you’re really want to sell shoes and succeed, it should be in a place that there is huge traffic from which a substantial percentage can buy your shoe on a daily basis.

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  2. Abigael
    Abigael Trusted Adviser Abigael
    2024-07-04T05:42:43+00:00Added an answer on July 4, 2024 at 5:42 am

    Selling shoes is a very good business that you should definitely start. It is a business that has huge market. You will have to start by deciding whether you will be producing the shoes to sell or you will buy from dealers and sell them. Personally, I would go for buying whole sale and selling it atRead more

    Selling shoes is a very good business that you should definitely start. It is a business that has huge market. You will have to start by deciding whether you will be producing the shoes to sell or you will buy from dealers and sell them. Personally, I would go for buying whole sale and selling it at a higher price.

    You also need to decide whether to sell all type of shoes or narrow down to selling ladies shoes, men shoes or children’s shoes. That way, you will clearly state your target audience.

    Then prioritize doing marketing seriously, both offline and online. Social media sites like Facebook can be so good for promoting shoes because people get attracted by good pictures.

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  3. Light
    Light Trusted Adviser
    2024-07-03T21:01:11+00:00Added an answer on July 3, 2024 at 9:01 pm

    If you want to start a shoe business you should consider if you want to be producing the shoes and sell or partner or buy from a dealer and sell to people. I will take the latter, get at a cheaper price, and sell at a higher price. If you do this for some time, you can make a reasonable amount of moRead more

    If you want to start a shoe business you should consider if you want to be producing the shoes and sell or partner or buy from a dealer and sell to people. I will take the latter, get at a cheaper price, and sell at a higher price. If you do this for some time, you can make a reasonable amount of money and start your own shoe business. You can supply to people that sell shoes.

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