It is a good idea to sell shoes online for those people who want to establish their own business. Therefore, you will have to open a shoe store for selling these things. Also, you can easily find suppliers.
And you will be happy to read that starting a shoe business does not require so much money. As we know that selling food items or fancy things like wine and cheese need a huge amount of money. For a general estimation, you can assume that a $5,000 to $10,000 budget is needed for opening a shoe store.
For a successful business, one must make a plan first about it. Find out what kind of audience you can target easily. The shoe audience is divided into many segments like women’s fashion and sports, men’s fashion and sports, kids' wear, seniors, etc. Moreover, you can mix them up. For instance, if you are willing to sell sports shoes for women, then you can increase your customer base by offering sports shoes for men and kids as well. Hence, this strategy will give you many customers.

How Much Does It Cost To Start A Shoe Business

Figure out your starting money. This covers things like rent, getting your space ready (if needed), getting things to sell like shelves and tables to show stuff, a security system, the machine where you get paid, extra things like socks and shoelaces, and stuff for your office.
To figure out your starting money, check the cost of renting a place nearby. For instance, in Houston, renting can be $17 to $24 for each square foot, as seen on City Feet.com. Then, ask sellers how little you can buy when you begin. If you need shelves and stuff, ask someone who knows about renting stores. To know your office things' cost, check online or visit a store.
However, besides starting a new shoe-selling business, you can also earn money by opening a shoe-reselling business.

Choose Your Business Model

The most crucial decision to make when starting a shoe company – what will your structure be? Three ways to run a shoe business:
Ownership of Production: You design and make the shoes, controlling much of the process. This assures quality and customization. But it needs careful planning, funding, space, skills, and people.
Wholesale: The store buys shoes in big numbers from a maker, storing them and selling them bit by bit. This needs space, handling goods, and business insurance.
Dropshipping and Print on Demand: Start without big costs. You're in the middle between the maker and the customer. Focus on design and marketing. The maker deals with making and sending shoes after someone orders from your store online.
In addition to this, you can also start a custom shoe business. All details are mentioned on the link, where you can read it.

Get the Licenses & Business Registration

Check if your state or city needs a license for businesses or stores. Moreover, you can take help from your state department of official government desk. Ask them about starting a shoe business required a license or not. Similarly, you can also contact your local city or town authority.
According to Power Home Biz.com, a store that doesn't have a license could get big fines. You'll need a group of papers and licenses to start your shoe company. Below you can find some type of organization for your shoe business. choose any of them according to your business model.
Private Limited Company
One Person Company
Partnership
Sole Proprietorship
LLP

Set Up Important Accounts

Business Accounts
You will need to have a business account right after opening a shoe store. Because this account will manage your transaction and related information. Moreover, you can take help from a professional to learn the process and open a business account.
Business Insurance
Just like how you need a license and permits, having the right business insurance is also important to run your business safely and legally. Plus, it helps if something bad happens and you have losses.
Store Location & Layout
Find a good place for your store. It should be easy to get to and where lots of people go. Start-Up Biz Hub says a spot with lots of parking and close to clothing stores is good. Make a list of places and call the person who rents them. Most stores for rent use a "NNN" or "Triple Net" deal – that means you pay for how much space you use and some upkeep and taxes.
Picking the right spot can help your brand get known faster. Plus, your business can grow more since it's easy for most customers to find. Also, make sure your store looks nice and friendly. For example, have enough seats, lights, and mirrors so customers can try on shoes easily.
Packaging & Distribution
Make your brand better with a cool special box. Besides making shoes, you will need to pack and then ship them to your customers as well. Find a supplier who is working with good box makers who make great custom shoe boxes with tops and bottoms. These boxes have magnets and are made with nice paper. All we need is the design for the box and your logo to make the boxes.
Hiring
Hiring is a very important step for any business. Because staff will help you to grow your business effectively. Moreover, all the tasks cannot be performed by you. So your workers can assist you and they are like the face of your brand. They're the first ones customers will talk to. Plus, how they act can affect if customers buy things. They should be able to give good ideas and answer questions.
Go Social
Lastly, make a website or social page for your shoe business on the internet. This can also help you set up your online shoe store. A website is a good way to show and sell shoes. Plus, it helps customers find what they want and shop online. In the end, tell people about your business. Pick a lucky day to start. Have a nice opening party and try to get in the news. Then, begin your shoe business journey and succeed. Starting a shoe business online will give you more audience exposure and more sales in the end.
Can We Start A Shoe Business from Home?
Yes, you can utilize the opportunity to start a shoe business from home. Furthermore, you can save your money on many expenditures like renting a shoe store and other utility bills.
Read>>> https://www.forbes.com/advisor/business/how-to-get-a-business-license/