Business Idea: Start A Sneaker Business in 2024
Experts estimate the current sneaker market at $2 billion and expect it will blow up to $30 billion in the next few years. Compared to other online businesses, the sneaker resale market has grown exponentially and become very profitable.
While the sneaker business is very profitable, competition is still very high, and it might take time for new sellers to establish a client base. If you are starting a sneaker business, you must immerse yourself in the sneakerhead culture, especially the sneaker collection.
Revenue & Profitability
How much do sneaker businesses make?
Startup Costs
How much does it cost to start a sneaker business?
- It can cost as low as $500 to start a sneaker business.
- It can cost as high as $120,000 to start a sneaker business.
Learn more about the costs of a sneaker business.
Examples Of Successful Sneaker Businesses
Successful sneaker business businesses and case studies
Zapato FEROZ is a thriving children's footwear company whose sales have grown exponentially to reach $60,000 per month in the last 12 months, with 80% of sales made directly through their website, due to their dedication to producing the highest quality, healthy shoes for babies and children.
Founder Kola Tytler managed to build a profitable business, Dropout, worth over $2.5 million by selling limited edition sneakers and streetwear, despite having no prior experience and juggling medical school; the company saw over 50,000 in-store visitors and over $100k in sales in December 2021 alone and raised β¬750k via equity crowdfunding in 6 days.
See full list of successful sneaker businesses.
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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.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
