Office Space Expenses

$0

$6,900

Business Formation Fees

$600

$3,200

Equipment & Supply Expenses

$63

$200

Retail Business Expenses

$0

$7,200

Inventory Expenses

$300

$5,000

Vehicle Expenses

$0

$10,000

Training & Education Expenses

$0

$1,000

Advertising & Marketing Costs

$0

$1,200

Software Expenses

$0

$200

Website Costs

$13

$215

Food Business Expenses

$25

$500

SportStars Magazine

sportstarsmag.com

162,304

Trophy Depot

trophydepot.com

258,340

BYU Store

byustore.com

271,887

CSNbbs

csnbbs.com

324,641

Cornell University Athletics

cornellbigred.com

333,573

App State Athletics

appstatesports.com

432,609

Access Denied

fanaticsoutlet.com

511,373

Varsity Jackets, Custom Chenille Patches and School Awards from Neff

neffco.com

544,806

Order Custom Made Patches Online No Minimum

netpropatches.com

852,814

Custom Trophies

dinntrophy.com

1,060,894

Custom Sports Sleeves

customsportssleeves.com

1,252,168

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!

Little startup costs required

The cost to start a personalized sports fan section business costs significantly less money than most businesses, ranging anywhere from 62 to 35,615.

Rewarding work

Starting a personalized sports fan section business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

No overhead costs

To get your personalized sports fan section business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

High margins

The gross margins for your personalized sports fan section business are typically around 80%, which is considerably high and allows you to grow your business and manage costs easily.

Crowded Space

Competition is high when it comes to your personalized sports fan section business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Work can be inconsistent

As a personalized sports fan section business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

Isolation

Often times, as a personalized sports fan section business, you typically work alone and do not have much face-to-face interaction with other team members.

No safety net

Typically, as a personalized sports fan section business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.

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