Stories
Earn High Profits With Low Investment In The Footwear Business
- •The footwear business offers high profitability as it involves daily-use items, making it a reliable venture according to industry experts.
- •You can start a full-scale manufacturing factory with an investment of approximately 1 crore rupees to handle everything from raw materials to final production.
- •Alternatively, individuals with a modest budget of 2 to 5 lakh rupees can source raw slippers and straps from Delhi or Kolkata to assemble and sell locally.
- •While market competition is fierce, maintaining superior product quality helps establish a strong and lasting identity in the footwear sector.
- •Essential documentation required to run this business includes Udyam registration, GST compliance, and official brand name registration.
Key Questions Answered
According to footwear businessman Janardan Kumar, you can start this business in two ways. The first method involves setting up a full-fledged factory with an approximate cost of 1 crore rupees to produce everything from raw materials to finished slippers. The second method requires a lower capital of 2 to 5 lakh rupees, where you buy raw slippers and straps, assemble them locally, and sell them in the market.
You can source raw slippers and straps from the markets of Kolkata or Delhi. In Bhagalpur, there is a large footwear market with several locations such as Tilkamanjhi and Sujaganj market where you can sell your slippers.
To run the footwear business, you must obtain a Udyam registration, a GST number, and register your footwear brand name before starting operations.
