Office Space Expenses

$0

$7,000

Inventory Expenses

$350

$14,750

Software Expenses

$150

$2,794

Website Costs

$13

$215

Advertising & Marketing Costs

$0

$2,450

Total Startup Costs

$513

$27,209

Lime Crime

limecrime.com

129,409

Wildfox Couture

wildfox.com

193,519

VERMONT TEDDY BEAR

vermontteddybear.com

338,342

Tedsby

tedsby.com

365,216

Mary Meyer Stuffed Toys

marymeyer.com

419,841

Fanatics Inc

fanaticsinc.com

451,354

Ganz

ganz.com

604,252

Calendar Club Canada

calendarclub.ca

715,676

Teddybear Goldendoodles

teddybeargoldendoodles.com

746,354

The Rose Bear

therosebear.com

1,079,504

Teddy Bears, Animal Plush Toys, Personalised Gifts

myteddy.com.au

1,311,834

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!

Little startup costs required

The cost to start a teddy bears retail business costs significantly less money than most businesses, ranging anywhere from 12 to 27,209.

Rewarding work

Starting a teddy bears retail 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.

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.

Traffic to your website

A teddy bears retail business gives people a reason to visit your website and to keep coming back to you!

Crowded Space

Competition is high when it comes to your teddy bears retail business, 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.

Security Issues

With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.

Lack of benefits

With a teddy bears retail business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a teddy bears retail business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a teddy bears retail business, 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.