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Starting a Shoe Retail Store
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Filling an Unmet Demand: Starting a Shoe Business
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Starting a Children's Shoe Store

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Filling an Unmet Demand: Starting a Shoe Business

Q. I am seriously considering starting my own athletic footwear business. I found there is a demand for large sizes ( men 13-18) and also specialty items for young adults with specific needs. My question is : How and where can I get information from distributors/companies that will let me purchase at wholesale prices? Do I need a minimum order supply to stock items? I have not decided whether or not to open a store front or perhaps try this as online shopping. I do not have any experience with creating a web-site although I'm confident I could learn. Please give me any insight you may have on this small business venture!  - Caramia

Advice by Nach Maravilla
PowerHomeBiz
Publisher

(article continued below ...)
 

A. Dear Caramia

To get specific information on distributors/companies, you can look for company listings in trade directories. Check out the following sources: 

  • Thomas Register (http://www.thomasregister.com ), which contains a listing of companies in every industry, with links to company web sites. Registration is free. Or go to your local library and check out the Thomas Register books: Products and Services (19 volumes) with 50,000 separate product and service headings to help you find who gives you the best product, lowest price and fastest delivery; Company Profiles (2 volumes) to help you contact over 149,000 companies; and Catalog File (8 volumes) to help you make a buying decision before you pick up the phone as it contains photos, specs, engineering drawings, performance tables. 
  • Harris Infosource provide information profiling American manufacturing establishments and their decision-makers. Searching their online database is free at http://www.harrisinfo.com/index.html
  • BizWeb (http://www.bizweb.com) offers a listing of 185 companies, within and outside of US, of companies involved in the shoe industry

Note, however, that information provided in trade directories may be limited. To get the specific information you need, you may have to contact these companies directly. Info like minimum order and wholesale price purchasing will be discussed in your negotiations. Your price may be based on the volume that you intend to buy, and how soon do you need it.

With regards to opening a Web site, my suggestion is to use the Web only as your communication, branding and marketing tool. The Web is not a suitable distribution channel for shoes.

Unless you have a very strong word-of-mouth, an unknown shoe brand like yours will have a tough time selling on the Internet. Shoe buying entails a lot of trust with potential customers. Your product is not like a book or a CD or products that are generic every where you buy them: shoes have to be "customized" for the buyer. It has to fit the buyer in terms of length and width. Generic products like books and CDs do well on the Internet, but shoes generally do not.

If you create a purely Web-based venture, it will be very difficult for your business to overcome the age-old practice of buying shoes. When people buy shoes, they want to be able to see how well it fits, how it feels on their feet, and whether they look good on it. On the Internet, users cannot try on the shoes and test how comfortable they will feel when wearing them. Customers are buying the experience of shoe shopping - which the Internet simply cannot provide.

Given this, you will face a lot of shoppers who may be dissatisfied or discontented with your products for a wide range of reasons - shoes look differently on the screen, poor fit, looks bad on their feet, etc. Customers may either return your merchandise, or keep it but will never buy from your site ever again. If you pursue the Internet route, be sure to create a good return handling system and be ready to pay the price of chargebacks.

A Web site to complement your retail store will be your best approach. If you do decide to take the risk of making your business a pure-play Internet venture, you have to think hard of what will make people to buy shoes on the Internet. That will be a real challenge.

Good luck!

Thank you for being part of Power HomeBiz Guides.

About the PowerHomeBiz.com Guide: 

Nach Maravilla is the Publisher of Power Homebiz Guides. He has over thirty years experience in sales and marketing of various products, which covered as he jokingly describes, "from toothpicks to airplanes"  He also had extensive experience in International trading and he always excelled in special promotional ideas for  retail outlets. 

 

The opinions expressed in this column are those of the author, not of PowerHomeBiz.com. Users should not treat the Guide's response as legal, accounting, or professional advice as all answers are intended to be general in nature. Such advice can only be properly given by qualified professionals who are fully aware of a user's specific geographical areas or circumstances, such as an attorney or accountant.

 

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