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May 07, 2013

How to Start a Shoe Shop Business


To start a shoe shop is a great way to make money these days because for some, shoe buying is an obsession. Do you know everyone needs at least one shoe so the demand never goes down? The profit margins are high in shoe shop business. Everybody wears shoes. While a shoe business can require considerable start-up cost, the start-up expenses will be between $20,000 to  $50,000, this amount covers all the expenses listed below at the end of this page,the shoes business can be very profitable. It's no wonder that most huge warehouses  have arrived in suburbs and shopping districts all around the world. Fortunately, there is still an opportunity for small businesses to thrive as long as the owners stay up to date with all of the styles and fashions.


Determine what types your business will focus on: women's or sneakers,men's athletic or dress shoes,kids wear,bridal or a mixture. Decide on the name of your business based on the type you are going to selling.



Decide where and how you will set up your shoe shop. It is best to open the  business in a shopping district around clothing stores. Search for a store in areas that have a lot of shopping traffic to see if they have or will soon have stores for rent. Search the area to make sure that there are not other shoe shop in the area before renting a shop; you don't want to be in a situation where you are constantly competing with other shoe shops for customers.

When starting a the business, you will find it valuable to determine who your target market will be. This will allow you to determine what types you are going to sell. You can sell low end, high end or both depending on what type of clients you expect to patronize your store. Nevertheless, you will find it notable to know that you will be able to sell to more people if you sell low end types. Your business start up capital will also determine what types your will be able to sell. If you decide to go for low end types then your start up capital will not be too much.

Then you will need to look for wholesalers if you want to  start the business. The internet has a large database of wholesalers but it is important that you verify their credibility before you start dealing with any of them. It is also best to get quotation from a number of vendors so you will be able to know where it is best and cheapest to buy those that you will sell.

Selling them these days is no longer limited to opening a brick and mortar business store. Many similar business operators have realized that selling their items in the internet through eBay or Amazon and through their market business websites can be very profitable. You just need to have a secure payment system and a delivery service provider that you can rely on. You can provide a catalogue of the products that you sell in your website so it will be easier for your clients to choose from the shoes that you sell. An online presence  for your business can help boost your sales,You can also increase your sales by advertising, marketing, handing out coupons, promotional offers and word of mouth, etc.

The Start-Up Expenses will be between  $20,000 to  $50,000,This amount covers all the expenses listed below.

  • Store Construction and Design
  • Store construction/remodeling
  • Interior design and decorating costs
  • Fixtures
  • Installation costs (lighting, etc)
  •  shelves and racks, sales counters

Occupancy Costs

  • Lease payments/Rent
  • Utilities and other deposits (telephone, water, electricity/gas, cleaning)
  • Insurance (fire, theft, etc.)


Fees and Permits

  • Legal fees
  • Licenses and permits


Promotion Expenses

  • Advertising and promotion for launch


Operating Expenses

  • Opening Inventory
  •  Bags and boxes with store logo
  •  Cash (reserves and on hand)


Administrative Costs

  • Office Supplies
  •  Sales receipts
  •  Cleaning supplies


Employee Costs

  • Salaries and wages

Equipment

  • Computers, copy machine
  •  cash drawer, cash register
  •  Fax machine
  •  Security cameras and equipment including fire extinguishers
  •  baskets, bags, shopping carts, customer seating areas.
  •  Mirrors
  •  And other unplanned expenses

Interested in starting your own shoe shop, visit Alibaba.com, you will many great suppliers ans wholesalers from all over the world.