Q&A for How to Start a Sporting Goods Business

One way that you can lower start-up costs is to not buy expensive goods immediately. You will want to work yourself up to the expensive ones. One other way that you could reduce costs is just start a kickstarter campaign.

The profit margin on sporting goods is anywhere between 20 to 25%, depending on your overhead. You have to make sure you have a mix of high and low priced products.

The easiest method is to get a point of sale (POS) software. You can buy a POS software at an affordable price, and it can keep track of all your business needs — inventory, sales, cash and bank, taxes etc.

It all depends on the type of store. if you are specializing in a only few sports, then the costs would be low. if you plan to bring in a lot of varied inventory, then it would be higher.