Sports Collectible Shop Success Stories [2024]
Experts estimate that the sports memorabilia market will record a growth rate of 15.6% to reach $12.2 Billion over the next few years. The growth rate is partly fueled by the rise of NFTs or non-fungible tokens.
Therefore, starting a sports collectible shop in 2024 can be a great business idea.
In this list, you'll find real-world sports collectible shop success stories and very profitable examples of starting a sports collectible shop that makes money.
1. Bay Sports ($1.2M/year)
Founded by Hamish, Bay Sports started as an idea when his business partner purchased a kayak at a fraction of the price in a retail store. Recognizing the demand for affordable and high-quality water sports products, Hamish and his partner decided to launch an online store, offering a wide range of kayaks, SUP boards, and more. With the growth of online shopping and the use of platforms like Shopify, Bay Sports has become one of the largest online water sports businesses in Australia.
How much money it makes: $1.2M/year
How many people on the team: 1
Bay Sports, an online water sports business, started with just kayaks and now offers a wide range of products, able to offer competitive prices due to being primarily online, with over 70% of customers shopping on mobile devices, emphasizing the importance of a strong online presence.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
