Wallet Brand

Business Idea: Start A Wallet Brand in 2024

Updated: July 7th, 2024

Avg Monthly Revenue
$20.9K
Avg Startup Costs
$13.7K
Score
75
Market Size
Avg Revenue
Min Revenue
$200/month
Max Revenue
$60K/month
Avg Days To Build
30 days

The wallet's market share is increasing at a CAGR of 8.87%, reaching $8.78 billion in a few years. As the demand for wallets keeps rising, starting your wallet brand creates a chance to earn a profit in the future.

To start your wallet brand, begin with complete market research focusing on identifying the gaps. Then, study the competition and come up with a unique wallet design that suits the lifestyle of your target customers.

Revenue & Profitability

How much do wallet brands make?

Examples Of Successful Wallet Brands

Successful wallet brand businesses and case studies

A successful handcrafted leather goods business that started with just $1000, has grown to $600k annual sales, thanks to a strong brand philosophy, a focus on specific niche terms for SEO, personalized customer experiences, and a team that is trusted to achieve goals autonomously.

$60K Monthly Revenue
Read by 6,385 founders

Everyman, an everyday carry eCommerce company, has been generating around $60,000 per month in revenue after completing a brand and website revamp last year, with an average of 35% returning customers who spend $50 or more on the site.

$60K Monthly Revenue
Read by 8,035 founders

See full list of successful wallet brands.