Costs and Profit
To start a sneaker business, you need $2,000 to $50,000 for design, development, production, and inventory. Larger stores require upwards of $150,000. The profit for a shoe store is about $127,363 per year.
Starting and Scaling
Footwear businesses in Nigeria require ₦50,000 or more to start. Give yourself at least $200,000 to start a sneaker business, although this is not a hard rule.
Sneaker Reselling
To start a sneaker reselling business, you need $1,000 to $10,000 for inventory, storage, marketing, and shipping. Research and a business plan are crucial before investing capital. Nike Air Yeezy 1 prototype sold for $1.8 million.
Is footwear profitable?
Footwear businesses require investment between $2,000 to $50,000 for design, development, and production. Retailer margins average 50 percent. Reselling sneakers is lucrative, with a potential monthly profit of over $10,000.