How to Start a Business Making Flip Flops

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If you have a crafty spirit, you can start a business making flip flops that you can run from your home. Embellished flip flops are a popular trend and you can sell them through a variety of avenues. You will, however, have to take all of the legal steps necessary to start a flip flop business. Fortunately, it's not difficult to get started and it's also low cost.

Starting Your Business

  • Research various business models for a flip flop business. Before you get started, you need to determine how you will sell the flip flops you make. One way is to create a website to sell online. You may face competition from other designers, however, so think about how you can differentiate yourself. You can also sell embellished flip flops at craft fairs, which may have less competition, but will require more time.

  • Register your flip flop business. You'll have to register your business as a sole proprietorship, a partnership, a corporation or a limited liability corporation. Fill out the forms from your state government. You'll also need a federal and state tax ID.

  • Find a cheap source of flip flops and craft supplies. In order to turn a profit, you'll need to purchase supplies for your flip flops as inexpensively as you can. As a registered business owner, you are eligible for wholesale prices from wholesalers. However, that usually means that you'll have to buy a large quantity. If you are just trying to test the waters, you may want to purchase less. Still, you should try low prices.

  • Make a selection of flip flops. Showcase your different design styles so that your customers have a choice in what they buy. For example, you may want to do some with flowers and others with sequins or beads. If you're going to sell at craft shows, you'll need a much wider range of flip flops than you would if you were selling online, where you can make the flip flops after you receive an order.

  • Set up your flip flop shop. If you're selling online, set up your online store. Use a payment processor like Paypal to help you accept credit card payments. If you're selling elsewhere, you'll need to set up a booth on the day of the event.

Tips & Warnings

  • Apply for a merchant account so that you can accept credit card payments wherever you are.

References

  • Photo Credit Jupiterimages/Photos.com/Getty Images
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