How to Start a Shoe Business in 10 Steps
Starting a custom shoe business can be the source of income you’ve been looking for. The footwear market in the US alone answered for more than $78 billion in 2021 and should grow 5.88% annually by 2027.
This article will assist you in fulfilling the dream of creating your own shoe store, focusing on online sales. Learn how to start a shoe business, from planning to getting the final sample.
In This Article
How to Start Your Own Shoe Business in 10 Steps
Becoming part of the most successful shoe stores will require planning, research, hard work, and the right partners. We summarized the process in ten steps, focusing on eCommerce and Print on Demand.
Step 1: Research the Industry
Start with market research. You need a good idea of what other brands are doing in the shoe industry.
Study the competition and be aware of their strengths and weaknesses. What do they sell?
Research fashion trends, best-selling products, target market, location, and prices.
Look for shoe stores on marketplaces like Amazon, eBay, Etsy, and Walmart and type queries as “popular shoes” or “trending footwear.” Try out queries related to your target audience – for example, “trending athletic shoes for women.”
Read the product reviews and note what attracts customers and disappoints them.
Get inspiration from other shoe stores, but add your input and plan unique designs that add value to your target customers.
Repeat the queries from the marketplaces, pick the name of preferred products, and look for the terms in free tools like Google Trends.
Survey the related queries, demographics, and trends. Observe trends related to the products you’re planning to sell – do people look for them all year round, is there seasonality, are the queries increasing over time?
Step 2: Find the Right Niche
A niche is a specific, targetable segment of a larger audience. It’s a group of like-minded people with particular interests and needs. The narrower the niche, the better.
Defining a niche is essential to reach the right customers and offer shoes to answer their demands.
Use Google Trends and type keywords representing your unique selling proposition (for example, “artsy footwear for men”).
Look into the related queries, demographics, and locations. Understand who is looking for products similar to your shoe brand, and target them.
Learn more about niches and tools with our video:
Step 3: Choose Your Business Model
The most crucial decision to make when starting a shoe company – what will your structure be?
Choose one of these three models for a shoe store:
- Ownership of production – you design and manufacture the shoes and control a good part of the supply chain, assuring quality control and customization. It requires detailed planning, funding, installations, technical capacity, and human resources.
- Wholesale – the shoe store buys products in bulk from a manufacturer, keeps them in a warehouse, and sells the footwear gradually. It demands costs with facilities, managing inventory, and business insurance.
- Dropshipping and Print on Demand – the way to start a shoe business without worrying about the shoe store’s startup costs. The shoe store is the intermediary between the final customer and the manufacturer. Focus on design, marketing, and communication while the print provider takes care of applying the designs, fulfillment, and managing inventory. The shoes are produced only when an order is placed in the online store.
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Step 4: Develop Your Business Plan
A business plan is a document describing the company’s goals and the methods and timeframe to achieve them. It’s a road map helping to structure and run your own business.
- Prepare a traditional business plan if you’re detail-driven and prefer to follow well-defined guidelines or intend to obtain financing from third parties for manufacturing your shoes. Include every detail, from the company’s structure and product line to financial projections and funding requests.
- Write a lean business plan if you intend to start a smaller shop quickly, if the business structure is simpler, or if you intend to adapt it on the road. It can be written visually as a chart containing fundamental elements, like the unique selling proposition, key activities and revenue streams, resources and assets, or partnerships.
For a step-by-step guide, read our blog’s detailed but comprehensive explanation of how to write a business plan.
After that, download templates to your shoe store from the US Small Business administration.
Step 5: Come Up With Your Business Name and Brand
Your shoe store’s name and brand should reflect the products it sells. Whether the line focuses on luxury boots, artsy sneakers, or athletic shoes, the theme should reflect in the brand name.
A brand name must harmonize with its story. Why the shoe line is named as such, and what story is behind the brand and enterprise? Memorable stories will make a brand unique.
Besides that, ideally, a business name should be short, easy to remember, and not difficult to spell or type.
Online name generators assist in finding the perfect name for your brand. You can type keywords like “luxury shoes” or “minimalist,” and the generator suggests related business names.
Using the same name on your internet domain is a good SEO and marketing practice. So, after deciding on the brand name, check if there’s an available domain name using tools like DomainWheel or GoDaddy.
Finally, don’t forget about copyright and registering a trademark.
Step 6: Find a Place for Your Shoe Store and Facilities
You have three possibilities to place your shoe brand – using a physical location, going fully online, or adopting a mixed approach:
- A regular retail shoe store requires physical locations with the accompanying requirements, such as renting, bills, operating costs, and business insurance.
- An online store is less expensive than a physical shop. It has a broader reach, and you can manage it anywhere.
- A business can maintain an online storefront while manufacturing the goods or keeping inventory. The store will have operational costs with a few physical locations in this case.
Ownership over quality control is the main advantage of owning the production and holding inventory. On the other hand, this is the more expensive way of starting a shoe business.
The best way to eliminate extra expenditure with facilities and go fully online is to opt for print on demand. Print providers will deal with the material costs, while the shoe store focuses on design and marketing.
The downside of POD is quality control. Be sure to find the right partner to guarantee consistent quality.
With Printify, you can create a new business online and sell shoes with builders like Shopify, BigCommerce, PrestaShop, WooCommerce, Wix, or Squarespace. You can also sell your shoe brand in marketplaces such as Etsy, eBay, Walmart, or Amazon.
Each one of these eCommerce platforms has costs with subscriptions, plugins, hosting, or fees. Still, they are more affordable than renting and keeping facilities and human resources.
Step 7: Register Your Footwear Business
Registering a shoe brand differs depending on the country and state. If you’re not partnering with legal entities, you only have to register as an individual entrepreneur.
Usually, there are two main processes to solve in the US:
- Deciding the business type. The most common are:
- Sole proprietorship
- LLC – limited liability company
- Registering for taxes. There are two different types of registration required:
- Federal taxes – an Employer Identification Number (EIN) is necessary for accepting payments and filing taxes.
- State taxes – check your state website, as each state will have different procedures to be followed.
Registering an LCC and setting taxes can be easily done with the assistance of third parties, such as ZenBusiness.
If you create your shoe line with Printify and POD, our Help Center provides extensive FAQs about taxes for the US, EU, and Canada. Find information on registering and collecting sales taxes or lists and links to reputable companies that may assist when you file taxes.
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Step 8: Create a Business Bank Account and More
Create separate business accounts for everything connected to your legal entity.
Use a different bank account unrelated to your personal assets for your shoe store business. The same applies to a business credit card.
For creating a business bank account in the US, you’ll need:
- EIN or a Social Security number (in the case of sole proprietorship)
- Business license and other business registration documents
- Any ownership agreements (for partnerships and similar)
Acquiring business insurance is recommended to operate safely if you keep a physical inventory and mandatory if you have employees. Consult your bank on options provided by the institution, or get quotes from reputable insurance companies, like State farm, Hiscox, or Liberty Mutual.
Depending on the business model and state, you may need additional licenses and permits. Start looking on the city council if any essential document is missing according to city, county, or state requirements.
Create separate accounts for your shoe store when promoting on social media platforms. Most website builders will connect to social platforms.
Step 9: Decide What Shoes to Sell, Design, and Produce Them
There are two distinct approaches to designing a shoe line:
- Manufacture the footwear from scratch. That will require designing the whole shoe, sourcing materials, manufacturing, and keeping an initial inventory.
- Focus on the design and outsource the production. Print on demand will allow you to create your shoe line in no time, with no upfront costs. Focus on designing and creating while print providers will produce and print the footwear.
Partnering with Printify will make that possible, as we have the largest network of print providers and a catalog with over 750 products. Here’s how to start a custom shoe business using Printify with no money:
Fully customizable, order these classic sneakers with white or black laces and soles, while it’s possible to print different images on the left side, right side, and tongue.
The rubber outsole pairs with an EVA shock-absorbing layer and a hi-poly deodorant memory foam insole.
Men’s sneakers run bigger than usual – it’s suggested to size down.
- From $27.61
These classic high-top sneakers are fully customizable, can be ordered with white or black laces and soles, and can be printed differently on the left, right, and tongue.
They come with a rubber outsole, an EVA shock-absorbing layer, and a hi-poly deodorant memory foam insole.
- From $29.85
These 25.71 oz. nylon canvas sneakers are lightweight and comfortable. They come with a rubber outsole and a black interior. This canvas material is not suitable for small and detailed prints.
- For women – from $37.31
- For men – runs smaller than usual, suggested to size up. From $38.81.
Slightly sturdier than the low tops, these sneakers retain comfort and style with a 27.87 oz. nylon canvas. The black inside interior accompanies a rubber outsole. The nylon canvas isn’t suitable for small prints.
For men, the sneakers run smaller than usual – we suggest sizing up.
- From $38.81
These sports shoes are fabricated with the industry standard material for sports footwear – a breathable mesh polyester and a layered sole from TPU and EVA for extended durability and shock absorption. The insoles are breathable deodorant memory foam.
- From $34.33
- Martin Canvas Boots
Classic and stylish, their surface is made from a mesh nylon fabric and foamed lining for softness and comfort. The men’s boots fabric is slightly heavier to increase durability.
The outsoles are rubber – translucent brown rubber or black gum rubber, while the foamed insoles are anti-heat, anti-moisture, and anti-corrosion.
The boots have rear pull-loops, black (with the black soles) or yellow (with the brown soles).
- Slide Sandals
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Step 10: Develop an Online Marketing Strategy for Your Shoe Company
Digital marketing will be fundamental in promoting your eCommerce business and getting new customers. Explore the marketing resources offered by your eCommerce platform, especially the following:
- Social media is free. Create integrated business accounts for your shoe brand on several platforms to reach potential customers. Post consistently according to the platform’s audience, alternating between promotional posts and educational content explaining features of your brand.
- Use tools like Mailchimp to create email marketing campaigns. Mailchimp’s free plan gives a subdomain for free website building in a Mailchimp subdomain, analytics, campaigns, or automations.
Send promotional and informative emails. Informative emails let the customers know about order status and shipping and are usually automated by any eCommerce platform. Promotional emails can promote seasonal offers, inform of new products, or bring back lost customers.
- Last but not least, optimizing SEO and content generates organic traffic. Research for keywords related to your target audience with Google Trends (see Step 2), and apply the keywords in every piece of content, from descriptions of products to alt texts and blog posts.
Different platforms will provide specific marketing possibilities. Stay in the loop with updated articles for:
- Creating ads for Facebook, Instagram
- Improving Shopify’s SEO
- Boosting WooCommerce SEO
- Marketing strategies for Etsy
Multichannel and Omnichannel marketing strategies
FAQs About Starting a Shoe Business
Is Starting a Shoe Business Online Profitable?
The global footwear market is profitable, and there is no sign that it will slow down.
The US’s medium annual expenditure on footwear was $154.99 per woman and $107.23 per man in 2020. The footwear market in the US generated more than $78 billion in revenue in 2021.
How much does it cost to start a shoe store business?
It depends on the business model. While reselling from wholesale suppliers and creating your production line may require investments and initial inventory, creating a shoe line via dropshipping associated with print on demand requires minimal spending.
How can I create my own shoe line?
Follow these ten steps:
- Research the industry
- Find the right niche
- Write a business plan and determine the business structure
- Create a business name and brand
- Find a place for the shoe store or conduct the business online
- Register your business
- Create a business bank account and others required
- Design the shoe line
- Manufacture the footwear or outsource the production
- Develop and implement a marketing plan
Is it profitable to sell shoes online?
Selling shoes online is profitable. In Q3 2022, the footwear market generated $381.90 billion in revenue. The market is projected to grow annually by 5.88% until 2027, with the percentage of online selling increasing annually.
Where can I get shoe design ideas?
Based on your niche, search for online shoe stores on marketplaces like Etsy. Pinterest boards are also a great place to look for ideas.
How to start a shoe business with no money?
Associating dropshipping with Print on Demand allows you to start a shoe business with minimal investment.
This article explained how to start a shoe business online. You learned the existing ways to manufacture footwear, how to do it without money, and strategies to sell shoes and create a customer base.
Now it’s up to you. Using Printify’s help, make your dream a reality and create your shoe store with print on demand.
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