Yes, the shoe making business is lucrative. Any business you can save from and get good patronage and people recommend your job to others, such business is said to be lucrative. The only thing is to package the business well.Mese Bankole
Mese Bankole is a start-up entrepreneur, a shoemaker and a man with many skills. He makes both male and female shoes, bags, belts and also bakes. He’s graduate of Mass Communication from the Ondo state-owned Adekunle Ajasin University, Akungba-Akoko. This creative craftsman shared his background, his experience and expertise with our correspondence, Olumide Owaduge. Excerpts…
Who is Mese Bankole?
My name is Mese Bankole. I am a native of Akure, Ondo State. I attended Educational Centre Primary School, in Akure after which I proceeded to Oyemekun Grammar School, Akure and from there proceeded toAdekunkle Ajasin University,Akungba-Akoko, where I had a Bachelor of Arts degree in Mass Communication. After graduation, I served between 2012-2013, at Nniata, in Anambra West Local Government, Anambra State.
In the beginning… Why I chose shoemaking
I personally love creativity. When I was in secondary school, I used to draw very well because I love drawing. At a time I took interest in artistic works like drawing, and so I went to my mum that I wanted to learn drawing and I located Billy Rose, who was and still an artist who specializes in still-life drawing, sculptural works, water fountain, among others, but I pulled out due to some challenges. While looking for admission instead of just staying at home, I dabbled into confectionaries like decorations, catering and so on, which I learnt for like a year or two.
Later on, I thought of learning some other things and developed an interest in leather works like shoemaking, bags and belts, but my focus was on shoemaking. So I went to a man who is like a brother to me, but he refused and said most people are not serious, according to him; most people would register and won’t finish the training. I convinced him that I am interested in learning the craft and I was determined. He, therefore, requested that I bring a guarantor. I went to my parents to serve as my guarantor but they refused that I can’t become a shoemaker. That was in 2007. So I went back to the man that my parents refused and he said there’s nothing he could do about it since my parents refused and I couldn’t provide any other guarantor. So I went back to my mum convinced her and she followed me to the man. The man was surprised at my determination.
My first footwear
My first three weeks I was used as an errand boy and I went to the man and told him my mission was to learn the craft and not to be used as an errand boy and so he took his time to teach me how to build footwear using the manual sewing machine. He also taught me how to make slippers popularly called palm sandals and the first slippers I made was in 2007 and I sold it for N1,500 while others were selling theirs for N700. Then I used leather because I wanted to do something unique and of good quality that supersedes that of others. I came up with the idea of using only leather to craft shoes, palms and sandals. In that 2007 I entered the university though registration did not start till 2008. When I finally left for school, I tried to manage the two together. I focus on academics during academic session and resume my shoemaking work whenever the school is on a break that was how I was able to manage the two together.
How I expanded into shoe building
I believe anyone who calls themselves shoemakers but only makes sandals are not good enough. That was why after I graduated from Adekunle Ajasin University, Akungba-Akoko and awaiting mobilization, I went to my boss to teach me shoemaking as I was only making palm sandals and slippers before I finished from the university. So he told me to look for Jeans material which I would use for practical, after I got it, he showed me how to do it just once. And from that day on I knew how to make shoes. The first shoe I made was sold it to my in-law. When I showed the shoe to my boss, he was surprised and asked if I made it myself or if I worked alongside someone else, he was impressed when I told I made it all by myself, even though he only taught me just once.
He was surprised at my determination. Then, my boss does not make shoes, he only make sandals and palm slippers. I was the one that resuscitated the shoe market in his shop.
So people started coming when they saw the types of shoes we were making. People will be like, we want to make shoes and I will tell them I’m not the owner of the shop that I only do the finishing, whereas I was the one that makes the shoes from the beginning to the end though I do tell them my boss did it. Later when I got to National Service, my mind was not in the service, my mind was on how to make money because I was posted to a rural area in the East with no light, no good road and no good water.
So I later thought to myself that after my service year I can’t return to my boss and if there is no prospect of getting a job, I need to plan ahead. So I got tools like generator, filing machine and sewing machine in one month through my savings in shoemaking. Moreso I got from NYSCalawee(allowance) because I didn’t spend much during my Service Year. Whenever the school where I teach go on break, I come to Akure to hustle and my customers kept patronizing me even university students, so I became more interested in the job.
How I finally set up the business
I did shoemaking job for one year and a half after which I left it and I was looking for a job to take care of my parent in order to give them a better life, during those periods I applied for an internship program under the state Ministry of Finance, that is, the Wealth Creation Agency, WECA, Ondo state, I was there for one year and left shoemaking completely. When the Job expired, I applied for one hospitality job, at an eatery in Akure, where I worked as their chief baker for one year and eight months. Later I thought within me that my salary is too small compared to the kind of labour I put into the Job, so I left. I bought a container and set up my own business – BankyD Leather Works. Although there are challenges, I know I will soon get to my desired place.
My target market is for everybody, depending on the quality and the designs they want and for now, I deal with youth and adults from size 37-46, I don’t have small sizes for people from the ages of 1-15.
How lucrative is shoemaking?
Yes, the shoe making business is lucrative. Any business you can save from and get good patronage and people recommend your job to others, such business is said to be lucrative. The only thing is to package the business well.
My monthly take-home
It all depends on how well you package your products and your target market. You can make up to N40,000-N50,000 in a month.
What I do aside shoemaking
Before I started shoe making I was into confectionaries. I can cook and bake stuffs like cake, burns, plantain chips, spring roll, egg roll, meat pie, samosa, barbecue etc I am also planning to set up a vocational institute where people can acquire skills
Challenges of the business as a young entrepreneur
Financial back up has been the major challenge. As you would agree with me, every business needs money to run. Because when you have a vision but you lack the finance, there no way you will bring the vision to reality. For instance, I need a machine called post-bed leather machine used in sowing bags and another machine used in cresting logo on leather. I’m still trusting God for the fund to get these equipment.
What government should do to encourage young entrepreneurs
First, the government can organize skilled facilitators to train people who are interested in this line of work. Again, in Akure for instance, we don’t have a market for our business. I mean if you want to get some materials you would have to travel to Lagos. So government can create a market for that. Just like they have the automat for car dealers. They can create a leather market, because nearness to market helps business a lot.
Any plan for white collar Jobs?
I might take it depending on the working condition. If I have enough money to package my business and go into mass production, I won’t bother about it.
What young graduates could do to help themselves
If the government does not make plans for you, you must make plans for yourself. If the government is not making you useful, be useful for yourself. Look around you, there are opportunities like people’s needs, people’s necessity and tap into those necessities.
Like me, I am looking for a way of packaging my business, whereby I will have a shoe clinic where people repair their shoes. And another session for bags, belts and a shoe showroom. If you are an undergraduate you can look around you for something to learn. When you are on break or you are home awaiting your NYSC mobilization. Learn something pending the time, because it is good to invest on oneself in terms of acquiring skills and knowledge. No one can take that way from you.
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Yes, the shoe making business is lucrative. Any business you can save from and get good patronage and people recommend your job to others, such business is said to be lucrative. The only thing is to package the business well. Mese Bankole is a start-up entrepreneur, a shoemaker and a man with many skills.Is it a good idea to start a shoe business? ›
Starting a custom shoe business can be the source of income you've been looking for. The footwear market in the US alone answered for more than $78 billion in 2021 and should grow 5.88% annually by 2027. This article will assist you in fulfilling the dream of creating your own shoe store, focusing on online sales.How can I succeed in shoe making business? ›
- A Physical Or Online Shoe Manufacturing Business. If you have a concept for a shoe store, you need to choose what you are going to sell. ...
- Decide Who You're Aiming to sell your products to. ...
- Financing. ...
- Recognise Your Competition. ...
- Choose a Location.
The number one shoe manufacturing company in the world is currently Nike, which is also the world's second-largest apparel company (the first being the luxury fashion empire, Christian Dior).How much do I need to start a shoe business? ›
A shoe store's startup costs can be hefty. Expect to pay about $10,000 in initial franchising fees. Grand opening marketing can cost about $5,000, and initial inventory can cost as much as $50,000 for a smaller shop.Can shoes be a good investment? ›
You may think shoes are a strange thing to invest in, but the sneaker resale market continues to grow by leaps and bounds. Research firm Cowen estimates that the global sneaker resale market will reach $30 billion by 2030. As of July 2020, sneaker resale accounted for more than $2 billion in North America alone.Is there money in shoe business? ›
Yes, owning a shoe business can be profitable. There are a few things to keep in mind when starting a shoe business, such as choosing the right location and ensuring you have a good supplier.Do shoe designers make a lot of money? ›
How much does a Shoe Designer make? Shoe designers make $67,481 per year on average, or $32.44 per hour, in the United States.How much does a shoe seller make a year? ›
|Payless ShoeSource Shoe Salesman salaries - 2 salaries reported||$32,999/yr|
|Foot Locker Shoe Salesman salaries - 2 salaries reported||$18/hr|
|DICK'S Sporting Goods Shoe Salesman salaries - 2 salaries reported||$38,402/yr|
|Queen City Running Shoe Salesman salaries - 1 salaries reported||$19/hr|
The real cost to make a $70.00 shoe is about $15.00. That price will get a shipping container from China to California. Once the shoe arrives in the USA it must be legally imported. In the case of a leather sneaker, the US government requires an import duty of 8.5% of the F.O.B.
In other words, you can count on a high return on investment (about 50%). So yes, the idea of selling shoes online is quite profitable.Which city is famous for shoe manufacturing? ›
Agra is India's main footwear production center, contributing about 65 percent of total domestic demand and a whopping 28 percent share of India's overall footwear export. Agra's total shoe business is more than US$ 100 million annually. Agra's annual footwear production is around Rs 470. crores.Which is the No 1 brand in shoes in world? ›
1. Nike. Nike is an American multinational corporation that designs, develops, manufactures, and markets footwear, clothes, equipment, and accessories in the whole world.What is the highest profit shoe company? ›
|Rank||Company||2019 Revenue ($ billion)|
There are a ton of buyers who love to purchase shoes on Amazon. If you are able to find a style of shoe (or size) that is a fan favorite, you can quickly profit from the sale. And Amazon makes it a no brainer because they offer their Fulfillment by Amazon service to handle shipping and returns.How do I start a shoe business plan? ›
- Give a brief overview of the shoe store industry.
- Discuss the type of shoe store you are operating.
- Detail your direct competitors. Give an overview of your target customers.
- Provide a snapshot of your marketing strategy. Identify the key members of your team.
- Offer an overview of your financial plan.
The global athletic footwear market will exceed 110 billion dollars by 2025. Footwear innovators are turning shoes into carry-on health monitors with additional comfort features. Additionally, the sustainability trend has spread into the shoe industry, enabling new designs to be bought with a better conscience.What is the best investment you can make? ›
- High-yield savings accounts.
- Certificates of deposit (CDs)
- Money market funds.
- Government bonds.
- Corporate bonds.
- Mutual funds.
- Index funds.
- Exchange-traded funds (ETFs)
Growing health and fitness awareness among people is boosting the growth of footwear market. Moreover, rise in trend of fitness exercises such as Zumba (a dance form) and Yoga (exercise activity) is generating huge demand for sports shoes among individuals.How much money is the shoe industry? ›
Revenue in the Footwear market amounts to US$98.26bn in 2023. The market is expected to grow annually by 3.23% (CAGR 2023-2027). The market's largest segment is the segment Textile & Other Footwear with a market volume of US$30.34bn in 2023.
|Hourly Wage||$ 11.23||$ 15.12|
|Annual Wage (2)||$ 23,360||$ 31,450|
Average NIKE Designer yearly pay in the United States is approximately $81,820, which is 27% above the national average.What state pays Shoe designers the most? ›
|Total Shoe Designer Jobs:||359|
|Lowest 10 Percent Earn:||$52,000|
|Highest 10 Percent Earn:||$123,000|
How much does a Reseller make? As of Feb 22, 2023, the average annual pay for a Reseller in the United States is $83,095 a year.How long does it take to make 1 shoe? ›
The answer depends on how busy the factory is, but basically you're looking at about 60 days from when the order is placed to when the shoe can be packed for delivery. This can easily stretch out to 90 days if the factory is totally booked.Is making shoes difficult? ›
Although it can be a pretty complicated procedure in untrained hands, it's quite possible to make your own pair of shoes from home. To make shoes, you need to gather the right materials, make a cast of your feet, cut the parts of the shoe to size, assemble those parts, and finalize the design.How competitive is the shoe industry? ›
The global footwear market is highly competitive and fragmented with a few major players and a seemingly endless array of smaller players, including designers, marketers, manufacturers and retailers, all vying for share.What is the most profitable shoe size to resell? ›
As far as the best sizes for reselling? There isn't one. If you want to move pairs fast and don't mind selling for lower, go for 8-12. If you want to make as much as possible and don't mind holding on to pairs, go for special sizes.How big is the shoe reselling industry? ›
The resale market, where collectors or “sneakerheads” put their limited-edition shoes on sale, is a key pillar of the sneaker industry, representing around $6 billion globally.What is the largest shoe producer in the US? ›
The largest shoe brand in the US is Nike, with a revenue of $44.538 billion and over 75,000 employees.
Explanation: Biggest market for leather is in Rajasthan.What country that needs the shoes most? ›
Leading 10 global footwear consumers in 2021, by country (in million pairs)
|Country||Consumption in million pairs|
1.NIKE AIR JORDAN
The first Air Jordan was produced for Michael Jordan during his time with the Chicago Bulls in 1984 and designed by Peter B. Moore.
The top-selling athletic sneakers for 2021 (in revenue rank order) are as follows: Nike Air Force 1 Low, Nike Air Max 270, Nike Air Vapormax Plus, Nike Revolution 5, Nike Air Max 97, Adidas NMD R1, Nike Air Max 90, Nike Air Vapormax Flyknit 3, Jordan I High OG, and Jordan XIII.What are the big 3 shoe brands? ›
- The Reigning Heavyweights: Nike, Adidas, New Balance, Converse, Vans.
- The Underdogs: Reebok, Puma, Saucony.
- The Running Gurus: On, Hoka, Asics.
- The Specialists: Salomon, Common Projects, Jordan Brand.
- The Class of Their Own: Luxury Designers.
"Inventor of the Shoe-lasting Machine, Jan Matzeliger not only revolutionized the shoe industry but made Lynn, Massachusetts, the "shoe capital of the world."Who is the biggest shoe producer in the world? ›
China is the world's largest footwear producer (54.1%) but its share of the world production continues to slowly decrease in favour of other Asian countries, especially Vietnam.Is there money in shoe making? ›
Shoe making business is profitable, you are bound to succeed in the business because many people are beginning to patronize made in Nigeria goods. Footwear are important accessories that compliment ones outfit.How much do shoe creators make? ›
How much does a Shoe Designer make? Shoe designers make $67,481 per year on average, or $32.44 per hour, in the United States.How much does it cost to make 1 shoe? ›
The real cost to make a $70.00 shoe is about $15.00.
According to the latest statistics, the footwear industry has been growing in recent years. Global revenues in 2023 are estimated to reach $140.3 billion, a 19.6% year-over-year rise. The increase is the also fastest rate at which the global footwear market is expected to grow in a decade.How much does a Jordan shoe maker make? ›
The Jordan brand is selling about 2.6 billion dollars of product and Michael is paid about 100 million. To keep it simple we can figure he gets 5% of the wholesale price. Maybe $4.63 per pair, maybe more. So, to make the Air Jordan XXXI, ship it, and pay Michael, the total comes to about $41.30.How do you become a professional shoe maker? ›
How do I become a shoemaker? You could do a degree or postgraduate qualification in footwear design, or a fashion design qualification that includes footwear. You should look for courses that teach both the design and technical skills needed by the industry.How many shoes does a factory make per day? ›
One shoe assembly line can usually assemble 1200 to 1500 pairs in one day. So, two shoe stitching lines are required to support one shoe assembly line, and a five line factory can complete approximately 5000 to 8000 pairs of shoes per day.How much money is in the shoe market? ›
Footwear products are commonly made of leather, textile, and a range of synthetic materials. The United States has the largest footwear market in the world, generating over 78 billion U.S. dollars in revenue in 2021.