Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Equipment & Supply Expenses

$66

$700

Retail Business Expenses

$1,250

$11,650

Inventory Expenses

$350

$14,750

Food Business Expenses

$2,125

$36,000

Software Expenses

$150

$2,470

Advertising & Marketing Costs

$75

$5,286

Specific Industry Expenses

$0

$300

Total Startup Costs

$4,990

$83,423

Open Farm

openfarmpet.com

124,372

Wild Earth

wildearth.com

145,012

Pedigree

pedigree.com

187,898

Darwin's Natural Pet Products

darwinspet.com

221,109

Buckley Pet

buckleypet.com

443,800

Buy Pet Food Online at SGPETS.com.sg, Dog Dry Food Shop in Singapore !

sgpets.com.sg

473,629

Just Right

justrightpetfood.com

502,351

Earthborn Holistic Pet Food

earthbornholisticpetfood.com

657,788

All About Dog Food

allaboutdogfood.co.uk

679,482

Portland Pet Food Company

portlandpetfoodcompany.com

749,643

Time for Paws

timeforpaws.co.uk

884,474

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.

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.

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.

Easy to encourage "impulse buy"

In the vegan pet food business, 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.

Unlimited income potential

With starting a vegan pet food business there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.

Amazing perks and discounts

Working in the vegan pet food business comes with its perks! As a seller for these products/services, you typically also get to enjoy industry perks and discounts.

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.

High employee turnover

In the vegan pet food business, 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.

Taxes

As a vegan pet food 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.

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 vegan pet food business, 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.

Time commitment

With starting a vegan pet food business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.