Business Idea

Start A Skateboard Company

About

Starting a skateboard company requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell skateboard, or selling skateboard online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a skateboard company ➜

Key stats

market size
$2B
revenue (monthly)
$350K
starting costs
$43.6K
gross margin
60%
avg product price
$110
time to build
9 months
growth
Email marketing
business model
E-Commerce
time investment
Side project
work from home?
Yes

About

Starting a skateboard company requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell skateboard, or selling skateboard online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a skateboard company ➜

Key stats

market size
$2B
revenue (monthly)
$350K
starting costs
$43.6K
gross margin
60%
avg product price
$110

 

time to build
9 months
growth
Email marketing
business model
E-Commerce
time investment
Side project
work from home?
Yes

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Employee & Freelancer Expenses $151 $352
Equipment & Supply Expenses $563 $5,200
Website Costs $303 $7,215
Business Formation Fees $5,600 $20,400
Retail Business Expenses $1,250 $11,650
Inventory Expenses $350 $14,750
Software Expenses $162 $3,094
Advertising & Marketing Costs $75 $4,786
Other Expenses $0 $300
Total Startup Costs $9,204 $74,747

Successful Businesses

Business URL Rank
CCS ccs.com #18,934
Skate Warehouse skatewarehouse.com #51,056
FTC ftcsf.com #69,598
Boosted USA boostedusa.com #72,672
Electric Boarding Company electricboardingco.com #92,512
Retrospec retrospec.com #100,035
Swagtron swagtron.com #111,812
Landyachtz landyachtz.com #114,848
The Berrics theberrics.com #143,053
SoCal Skateshop socalskateshop.com #143,903
Warehouse Skateboards warehouseskateboards.com #151,138

Pros & Cons

Pros Description
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.
Meaningful business connections You never know who you will meet as a skateboard company. This could be the start of an incredible business opportunity!
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 skateboard company are typically around 60%, which is considerably high and allows you to grow your business and manage costs easily.
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process A skateboard company can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Taxes As a skateboard company, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.
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.
High overhead expenses With starting a skateboard company, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.
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](https://www.thebalancesmb.com/do-i-need-to-collect-sales-taxes-in-my-state-398913)

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.