Start A Vr Equipment Business - Business Ideas

Start A Vr Equipment Business - Business Ideas
Start A Vr Equipment Business

VR is an emerging technology expected to have high demand. One needs VR headsets, 360 degrees cameras, and a smartphone or computer with boxed headsets to use VR.

As businesses and consumers embrace VR technology, the demand for VR equipment will continue to increase. Therefore, starting a VR equipment business can be a profitable venture. You can sell brand-new and used VR equipment or opt to rent the equipment.

Starting a vr equipment business requires a great deal of effort, dedication, and most importantly passion.

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

Key Stats

market size
$15.8B
starting costs
$13.7K
gross margin
40%
time to build
210 days

Startup Costs

Min Startup Costs Max Startup Costs
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

Successful Businesses

Business URL Rank
BatteryStore.com batterystore.com #1,017,580
csavr csavr.org #3,699,948
Moth+Flame mothandflamevr.com #4,487,716
Bayshore Interactive bayshore.net #4,529,849
20 Best Laptops For 2021 Best Amazing laptops for you bestlaptops2020.com #5,059,413
VS Services vsservices.com #7,525,785
Welcome to Aurora VR auroravirtualreality.com #7,555,186

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!
Little startup costs required The cost to start a vr equipment business costs significantly less money than most businesses, ranging anywhere from 12 to 27,209.
Rewarding work Starting a vr equipment 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 vr equipment business gives people a reason to visit your website and to keep coming back to you!
Cons Description
Crowded Space Competition is high when it comes to your vr equipment 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 vr equipment 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 vr equipment business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a vr equipment 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.

Pat Walls,  Founder of Starter Story
Want to find more ideas that make money?

Hey! 👋 I'm Pat Walls, the founder of Starter Story.

Get our 5-minute email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.