How much capital is needed to start a shoe business? The source of goods determines the success of the shoe business.
In business, regardless of the field, when starting a business, capital is always the top concern of traders, along with finding a good source of goods to make the business go smoothly. So how much capital is needed to start a shoe business? How important is the source of imported goods in the shoe business? Let's find out with Thien Huong Shoes through the article below.
How much capital is needed to start a shoe business?
Store rental costs
In addition to the cost of importing goods, the cost of renting a store is one of the top issues that traders need to pay attention to when starting a shoe business. For the business to run smoothly, the location of the store plays an extremely important role. A good store location will make it easier for customers to find and come to your store. On the contrary, a bad store location will greatly affect the business.
The current store rental price depends a lot on factors such as: store location, store size and area,... But in general, the current store rental cost is about 40,000,000 VND for 6 months of rent and on average you spend about 7,000,000 VND/month for premises with an area of about 20 to 25m2 today. You can choose to pay annually to receive a more preferential price.
For premises for shoe business, you should choose in densely populated areas, convenient transportation, easy to find,... You can rent premises on small streets if your budget is limited but it must be easy to travel and ensure a relatively large number of people passing by to be able to trade smoothly.
Cost of designing a business store
To attract a large number of customers, your store not only needs to be spacious and easy to find, but also needs to be aesthetically pleasing. Every customer wants to shop in places with beautiful and luxurious designs. If your store has good quality products but lacks aesthetics, it will be less attractive to customers than stores with eye-catching decorations.
Therefore, you should set aside some money to renovate and decorate your store. On average, the cost of renovation will be around 15-20 million VND, including the cost of painting, the cost of buying decorations, the cost of buying furniture for the entire store.
Cost of purchasing equipment and importing footwear
This will be the largest amount of money you need to spend when starting a footwear business. Customers will be more attracted when your store has advanced and beautiful equipment, along with good quality goods, which will make customers come back to the store the next time.
In case the premises you rent have available equipment, the capital spent will be saved a significant amount. But if you rent a premises without available equipment, you will have to spend a sum to invest in equipment such as decorative lights, signs, mirrors, chairs, reception desks, etc. These items all contribute to improving the quality of customer experience, helping your store stay fresh and attract a large number of customers.
In business, the cost of importing goods will account for the largest amount of capital. Doing business in a store model will require you to import goods of higher quality, diverse designs and many different sizes for customers to try directly. You will need to spend about 30,000,000 VND - 50,000,000 VND if you do business in mid-range footwear products and can easily get goods from large wholesale markets or cheap wholesale websites.
Other costs
In addition to the 3 main costs that need to be spent when opening a shoe store mentioned above, there are many other costs that you need to pay attention to such as:
- Packaging costs, packing bags: you need to import bags and boxes for shoes of good quality to ensure that the shoes are not deformed during the customer's transportation process.
- Shipping costs: if you integrate an online business, you can consider some forms of transportation such as: through shipping units, self-shipping or hiring an outside shipper. You can also use all 3 forms of transportation during peak seasons to be able to quickly deliver goods to customers.
Source of goods determines success in business
Finding a quality and long-term source of goods is one of the most important factors that determine the success of a business, especially the shoe business. While the footwear market is increasingly expanding with beautiful designs and good quality, the source of goods will be the key to help your business become more favorable.
A quality source of goods must be based on two main criteria: "price" and "quality". You should not prioritize cheap sources of goods but the quality is not really good, but should invest in wholesale sources of footwear with good quality and diverse designs. A good source of goods not only ensures you have good quality shoes but also needs to ensure eye-catching designs and styles and keep up with the general trend of the market.
In the context of shoe stores growing more and more and customers have more choices, having a smart business idea, being able to diversify suppliers of raw materials and goods is the best way for you to have optimal choices in terms of price, quality and quantity, from which customers will also trust and choose your store.
If you are in need of opening a shoe store but have not found a source of quality wholesale shoes, come to Thien Huong Shoes, we have many years of experience in providing footwear products will always ensure you a source of the best goods with advantages such as:
- A team of professional designers always keep up with trends to bring out the most fashionable and luxurious designs.
- Diverse designs: We accept production of large quantities of shoes according to the designs provided by customers.
- Professional production line.
- Applying modern machinery helps the production process take place quickly and accurately.
Thien Huong Shoes always wants to bring you the best quality shoes. If you have a need to import goods or have any questions, contact Thien Huong Shoes immediately to receive the fastest advice.
In business, regardless of the field, when starting a business, capital is always the top concern of traders, along with finding a good source of goods to make the business go smoothly. So how much capital is needed to start a shoe business? How important is the source of imported goods in the shoe business? Let's find out with Thien Huong Shoes through the article below.
How much capital is needed to start a shoe business?
Store rental costs
In addition to the cost of importing goods, the cost of renting a store is one of the top issues that traders need to pay attention to when starting a shoe business. For the business to run smoothly, the location of the store plays an extremely important role. A good store location will make it easier for customers to find and come to your store. On the contrary, a bad store location will greatly affect the business.
The current store rental price depends a lot on factors such as: store location, store size and area,... But in general, the current store rental cost is about 40,000,000 VND for 6 months of rent and on average you spend about 7,000,000 VND/month for premises with an area of about 20 to 25m2 today. You can choose to pay annually to receive a more preferential price.
For premises for shoe business, you should choose in densely populated areas, convenient transportation, easy to find,... You can rent premises on small streets if your budget is limited but it must be easy to travel and ensure a relatively large number of people passing by to be able to trade smoothly.
Cost of designing a business store
To attract a large number of customers, your store not only needs to be spacious and easy to find, but also needs to be aesthetically pleasing. Every customer wants to shop in places with beautiful and luxurious designs. If your store has good quality products but lacks aesthetics, it will be less attractive to customers than stores with eye-catching decorations.
Therefore, you should set aside some money to renovate and decorate your store. On average, the cost of renovation will be around 15-20 million VND, including the cost of painting, the cost of buying decorations, the cost of buying furniture for the entire store.
Cost of purchasing equipment and importing footwear
This will be the largest amount of money you need to spend when starting a footwear business. Customers will be more attracted when your store has advanced and beautiful equipment, along with good quality goods, which will make customers come back to the store the next time.
In case the premises you rent have available equipment, the capital spent will be saved a significant amount. But if you rent a premises without available equipment, you will have to spend a sum to invest in equipment such as decorative lights, signs, mirrors, chairs, reception desks, etc. These items all contribute to improving the quality of customer experience, helping your store stay fresh and attract a large number of customers.
In business, the cost of importing goods will account for the largest amount of capital. Doing business in a store model will require you to import goods of higher quality, diverse designs and many different sizes for customers to try directly. You will need to spend about 30,000,000 VND - 50,000,000 VND if you do business in mid-range footwear products and can easily get goods from large wholesale markets or cheap wholesale websites.
Other costs
In addition to the 3 main costs that need to be spent when opening a shoe store mentioned above, there are many other costs that you need to pay attention to such as:
- Packaging costs, packing bags: you need to import bags and boxes for shoes of good quality to ensure that the shoes are not deformed during the customer's transportation process.
- Shipping costs: if you integrate an online business, you can consider some forms of transportation such as: through shipping units, self-shipping or hiring an outside shipper. You can also use all 3 forms of transportation during peak seasons to be able to quickly deliver goods to customers.
Source of goods determines success in business
Finding a quality and long-term source of goods is one of the most important factors that determine the success of a business, especially the shoe business. While the footwear market is increasingly expanding with beautiful designs and good quality, the source of goods will be the key to help your business become more favorable.
A quality source of goods must be based on two main criteria: "price" and "quality". You should not prioritize cheap sources of goods but the quality is not really good, but should invest in wholesale sources of footwear with good quality and diverse designs. A good source of goods not only ensures you have good quality shoes but also needs to ensure eye-catching designs and styles and keep up with the general trend of the market.
In the context of shoe stores growing more and more and customers have more choices, having a smart business idea, being able to diversify suppliers of raw materials and goods is the best way for you to have optimal choices in terms of price, quality and quantity, from which customers will also trust and choose your store.
If you are in need of opening a shoe store but have not found a source of quality wholesale shoes, come to Thien Huong Shoes, we have many years of experience in providing footwear products will always ensure you a source of the best goods with advantages such as:
- A team of professional designers always keep up with trends to bring out the most fashionable and luxurious designs.
- Diverse designs: We accept production of large quantities of shoes according to the designs provided by customers.
- Professional production line.
- Applying modern machinery helps the production process take place quickly and accurately.
Thien Huong Shoes always wants to bring you the best quality shoes. If you have a need to import goods or have any questions, contact Thien Huong Shoes immediately to receive the fastest advice.
