Start A Volleyball Net Product - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
Starting a volleyball net product requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell volleyball net, or selling volleyball net online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
|
Office Space Expenses |
$0 |
$7,000 |
|
Employee & Freelancer Expenses |
$151 |
$352 |
|
Website Costs |
$223 |
$7,215 |
|
Business Formation Fees |
$600 |
$4,700 |
|
Equipment & Supply Expenses |
$63 |
$200 |
|
Retail Business Expenses |
$1,250 |
$11,650 |
|
Inventory Expenses |
$350 |
$14,750 |
|
Software Expenses |
$150 |
$2,794 |
|
Advertising & Marketing Costs |
$75 |
$5,536 |
|
Total Startup Costs |
$2,862 |
$54,197 |
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
|
Epic Sports |
epicsports.com |
60,187 |
|
|
Champion Sports |
championsports.com |
147,541 |
|
|
B2C Franklin Sports |
franklinsports.com |
172,724 |
|
|
CROSSNET |
crossnetgame.com |
180,814 |
|
|
FloSports® |
flosports.tv |
209,077 |
|
|
AVP Beach Volleyball |
avp.com |
344,650 |
|
|
All Volleyball |
allvolleyball.com |
399,440 |
|
|
Beach Volleyball Database |
bvbinfo.com |
486,930 |
|
|
CHAMPRO® |
shop.champrosports.com |
570,518 |
|
|
Volleyball Nations League 2021 |
volleyball.world |
573,971 |
|
|
United Volleyball Supply, LLC. / VolleyballUSA.com |
volleyballusa.com |
663,218 |
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. |
|
Rewarding work |
Starting a volleyball net product 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. |
|
Meaningful business connections |
You never know who you will meet as a volleyball net product. 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 volleyball net product are typically around 40%, 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. |
|
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 volleyball net product, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming. |
|
Taxes |
As a volleyball net product, 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. |
|
No safety net |
Typically, as a volleyball net product, 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. |
|
High overhead expenses |
With starting a volleyball net product, 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. |
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
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.
-
3
Social Media Advertising
Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.
According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.
Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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