Wondering how much it costs to start a sneaker reseller business?
Here's a detailed list of a sneaker reseller business startup costs:
If you plan to have a brick & mortar location for your sneaker reseller business, you must weigh the costs of your rent, as it may be the most expensive part of running your business.
Rent costs for your sneaker reseller business very much depends on your location. This cost will vary by both region and specific areas of town: a lease in the heart of Manhattan could cost over $80,000/month in rent. Meanwhile, a storefront lease in Florida or Tennessee could cost less than $1,000/month.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Shop Decor | $0 | $5,000 |
Utilities (storefront business) | $0 | $1,000 |
Building improvements and remodeling | $0 | $950 |
Storefront Property Rent | $0 | $8,000 |
POS System | $0 | $1,200 |
There are a few key costs associated with forming your business entity, such as setting up an LLC and getting trademarks, copyrights, and patents sorted.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Small Business Insurance | $500 | $2,000 |
Permit and License Fees | $50 | $700 |
Trademarking | $0 | $700 |
Lawyer Fees | $0 | $1,500 |
A Patent ➜ | $5,000 | $15,000 |
Set up business: LLC & Corporations | $50 | $500 |
Your sneaker reseller business needs software to run efficiently!
Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Design Programs & Software | $0 | $50 |
Email marketing tool | $0 | $100 |
IT Support ➜ | $150 | $2,000 |
Accounting & Invoicing Software | $0 | $50 |
CRM Software | $0 | $250 |
Project Management Software | $0 | $25 |
Internal Communication Tool | $0 | $20 |
Social Media Management Tools | $0 | $50 |
Payroll Software | $0 | $200 |
Online data storage | $0 | $299 |
It will be your call to determine if you need office space. It is not a requirement but may be necessary as your sneaker reseller business grows.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Rent | $0 | $2,000 |
Utility Costs (office space) | $0 | $150 |
Office Supplies | $25 | $1,000 |
WiFi | $10 | $100 |
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Payroll | $0 | $4,000 |
Other Employee Expenses | $0 | $1,000 |
Employee Reward Ideas | $0 | $500 |
Starting a sneaker reseller business may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Technology Office Equipment | $500 | $5,000 |
Cleaning Supplies | $25 | $500 |
First-aid Equipment | $25 | $500 |
Every business should have a website, and it's worth spending a bit of money to set it up right.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Website builder | $15 | $100 |
Web Design ➜ | $200 | $6,000 |
A Domain Name ➜ | $12 | $200 |
Email hosting | $5 | $75 |
Server Hosting | $0 | $50 |
Website chat function | $0 | $75 |
If you sell a physical good, you'll likely have to start with some inventory.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Upfront Costs For Inventory | $300 | $5,000 |
Inventory Storage | $0 | $5,000 |
Package Design ➜ | $50 | $3,000 |
Shrinkage | $0 | $1,000 |
Distribution costs | $0 | $750 |
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Business Cards | $0 | $50 |
Customer Research & Surveys | $0 | $300 |
Business Signage ➜ | $75 | $2,486 |
Direct Campaigns, Printing and Mailing | $0 | $300 |
Affiliate Marketing Commission & Fees | $0 | $250 |
Influencer Marketing | $0 | $750 |
Press | $0 | $500 |
Google Ads | $0 | $300 |
Facebook & Instagram Ads | $0 | $350 |
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Credit Card Processing Fees | $0 | $300 |
Time! | $0 | $500 |