Online shoe retailing business

 Leveraging the internet penetration in India one can start online shoe retailing business. The business runs through distributors, inventory team, shipment team etc. In a online shoe store, one can sell thousands of pairs of shoes which otherwise in a showroom may need hundred square feet area in a prime location.

Is this for me
Two skills are required- experience in Retail and good knowledge of internet technology. No specific qualification is required.

Insight 
“Online shoe shopping is a very popular concept around the world. In USA, 13% of the total sales of footwear come from online sales. In a country like India, internet is the only way a brand can reach 10, 000 cities and towns of the country. Our strength is variety and service. Any order placed get shipped in 3 hours, and 80% of the time, we are able to deliver within 24 hours,” Manmohan Agrawal, Bigshoebazaar.

How it was done
Bigshoebazaar was founded by four people- Manmohan Agrawal, Danish Ahmed, Nitin Agrawal and Rajul Jain in the year 2008. This online shoe store sells more than 85 brands and over 25,000 designs. After pioneering and establishing in e-retailing of shoes (www.bigshoebazaar.com), the company has recently forayed in the wholesale cash and carry segment (www.bigshoebazaar.net). Beside these, Bigshoebazaar also has six multi brand footwear stores across the country.

Investment - Rs 35-50 Lakh
Avg. Break even - 2-3 years
Margin - 8-10%

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