4 Sell Leather Accessories Success Stories [2024]
The leather industry is among the oldest manufacturing industries in history. It is no surprise that the leather goods market will surpass $623.44 in the next few years.
The leather business is a lucrative idea for entrepreneurs targeting the elite consumer. Just as we know, the rich love antique leather collections ranging from shoes, clothes, purses, accessories, and bags.
If you are targeting the leather market, you can begin as the manufacturer, retailer, or distributor.
As a manufacturer, you will be responsible for the designs and ensuring that the end product suits the end user's purpose. Distributors or retailers work with the manufacturers to make sure the customer gets the products best suited for them.
In this list, you'll find real-world sell leather accessories success stories and very profitable examples of starting a sell leather accessories that makes money.
1. American Bench Craft ($1.2M/year)
Jason and his brother Chris came up with the idea for American Bench Craft after Jason's wallet fell apart and he envisioned a seamless leather wallet using rivets instead of stitching. They launched a Kickstarter campaign in 2014, sold $20K worth of products in 30 days, and have since grown the business into a seven-figure company with over 100 products. They plan to double their revenue in the next year and build a custom workshop with fun amenities for their employees.
How much money it makes: $1.2M/year
How many people on the team: 8
American Bench Craft, a Veteran-owned leather goods manufacturer, shares their success story, with an annual revenue of over $1 million, due to their unique designs, sustainable sourcing, and reliable American craftsmanship, as well as their use of Klaviyo and local PR for marketing, and their focus on direct-to-consumer sales and corporate gifts.
2. Silviano ($240K/year)
Sonal and Nakul Malhotra, with their background in leather manufacturing and fashion, identified a gap in the market for luxury, high-quality leather goods that were also tech-friendly and affordable. They combined their knowledge of craftsmanship, design, and technology to create Silviano, with their flagship product being the Silviano Sleeve, a voice-activated laptop sleeve with wireless charging and global tracking. They successfully launched their product on Indiegogo, raising $35k in just 3 hours, and have plans to expand their product line in the future.
How much money it makes: $240K/year
How much did it cost to start: $30K
How many people on the team: 4
Silviano Sleeve Co-Founder Sonal Malhotra successfully raised $35k for their worldβs first voice-activated luxury leather laptop sleeve through crowdfunding, which was fully funded in less than three hours.
3. Olori ($180K/year)
Tomide Awe, the founder of Olori, was inspired by her rich Nigerian culture and the beautiful textiles she grew up surrounded by. She wanted to share African craftsmanship and empower women, so she started Olori, a business that creates gorgeous, Africa-inspired handbags. Through incorporating traditional fabrics into modern designs, Olori invites people from all over the world to experience the beauty and culture of Africa while supporting artisans and women-owned businesses in Africa.
How much money it makes: $180K/year
How much did it cost to start: $10K
How many people on the team: 1
Olori founder Tomide Awe shares how she turned her love for African textiles into a profitable e-commerce business, with a Kickstarter campaign that raised over 112% of their goal, over 2,000 units sold, and a profitable revenue of $180k/year.
4. Medical Bag Tags, LLC ($6.18K/year)
Misty Dupree, the founder of Medical Bag Tags, came up with the idea for her business after realizing the need to bridge the gap between the medical community and everyday people. She wanted to create customizable bag tags that would raise awareness of medical and allergy conditions, allowing individuals to communicate their needs during emergencies. Despite facing personal challenges, Misty remained determined and started her business, providing functional and cute bag tags that offer peace of mind to parents and individuals with medical conditions.
How much money it makes: $6.18K/year
How much did it cost to start: $3K
How many people on the team: 1
Medical Bag Tags, LLC creates customizable medical and allergy awareness bag tags for personal items while raising awareness of medical and allergy conditions, all while overcoming personal tragedy and balancing being a single mom of 8 children, and is now in talks with a possible pharmaceutical investor to expand and grow the business.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.