Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$5,600

$20,400

Inventory Expenses

$350

$14,750

Software Expenses

$162

$3,094

Advertising & Marketing Costs

$0

$6,850

Total Startup Costs

$6,486

$59,661

The Official Jellycat Site

jellycat.com

16,817

Famous Footwear

famousfootwear.com

24,509

Dungarees

dungarees.com

37,933

Boot Barn

bootbarn.com

40,020

Sorel

sorel.com

44,328

Kids Foot Locker

kidsfootlocker.com

61,073

Thom Browne Official Store

thombrowne.com

61,507

Joules

joules.com

97,706

DECKERS BRANDS

deckers.com

115,860

New Republic

shopnewrepublic.com

144,384

Shoes, Boots & Sandals

nativeshoes.com

153,471

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Easy to encourage "impulse buy"

In the children's footwear brand, you have a much higher chance of encouraging your customers to buy on impulse - you can easily alter the price, placement, packaging, and promotional value to influence the decision of your buyer.

You are your own boss!

With starting a children's footwear brand, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!

You can sell your product in various places!

There are various different markets to sell your product, which will help you reach different audiences and revenue streams.

Crowded Space

Competition is high when it comes to your children's footwear brand, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Finding The Right Supplier

Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.

High employee turnover

In the children's footwear brand, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

Niche Market

A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

You may need to charge sales tax

If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out this article