Luxury Brand

Business Idea: Start A Luxury Brand in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$1.91M
Avg Startup Costs
$13.7K
Score
77
Market Size
Avg Revenue
Min Revenue
$8K/month
Max Revenue
$12M/month
Avg Days To Build
175 days

Statistics show the global luxury products market will grow by a CAGR of 3.75. Increased wealth and income among the affluent members of society are some factors fueling the growth.

If you are looking for an eCommerce business opportunity, consider starting a luxury brand and selling online. You can sell fashion and accessories online or set up a store locally, targeting the affluent class in your locality.

Revenue & Profitability

How much do luxury brands make?

Startup Costs

How much does it cost to start a luxury brand?

  • It can cost as low as $1,000 to start a luxury brand.
  • It can cost as high as $1,000,000 to start a luxury brand.

Learn more about the costs of a luxury brand.

Examples Of Successful Luxury Brands

Successful luxury brand businesses and case studies

A luxury yacht rental business in Dubai generates $12M monthly by offering exclusive experiences with over 50 private yachts, charging between $2,000-$4,000 for 4-hour charters, and upselling additional amenities like supercars and bespoke services to VIP clients.

$12M Monthly Revenue
$1M Startup Costs
Read by 860 founders

Chronoexpert, a luxury watches marketplace, has seen revenue exceeding 2.5M Euros in less than three years, with a growth potential of more than 20% YoY in the pre-owned market, highlighting the viability and potential of a pre-loved focus.

$480K Monthly Revenue
$180K Startup Costs
Read by 7,374 founders

See full list of successful luxury brands.