Wallet Brand

7 Tips For Starting A Successful Wallet Brand (2024)

Pat Walls

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Updated: January 19th, 2023

Want to start your own wallet brand? Here are some tips you should know:

Learn more about starting a wallet brand:

Where to start?

-> How much does it cost to start a wallet brand?
-> Pros and cons of a wallet brand

Need inspiration?

-> Other wallet brand success stories
-> Marketing ideas for a wallet brand
-> Wallet brand names

Other resources

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a wallet brand:

#1: Kan Yamamoto, founder of Kamino Wallet:

We chatted with with Kan, founder of Kamino Wallet ($4K/month). In our interview, Kan says:

I thought the best thing would be to learn how to create small businesses myself. And by doing it, I could be an example for the younger generation to show that it doesn't matter where you live. You could build a global business, however small it is.

Additionally:

I shared it on Twitter, Reddit, Medium, Instructables, etc., and to my surprise, I immediately got hundreds of downloads. I could build a mailing list of about two hundred in a few months.

Further:

You need to take time to grow the business, so take it easy and don't give it up too soon.

Read the full interview ➜

#2: Elad , founder of Paperwallet:

We chatted with with Elad, founder of Paperwallet ($200/month). In our interview, Elad says:

When you surround yourself with people who complement your own abilities and actively listen and learn from one another your business can grow while everyone avoids becoming too burnt out.

Read the full interview ➜

#3: Phil Kalas, founder of Ashland Leather:

We chatted with with Phil, founder of Ashland Leather ($60K/month). In our interview, Phil says:

It all comes down to philosophy. Why are you starting your business? What can you offer? Do people want it? Are you willing to sacrifice sleep to pursue this? You must have passion for your project.

Additionally:

We started to see real success when we made products that we wanted to own ourselves: Wallets, belts, watch straps, key cases, etc. This strategy may not be what they teach in an MBA course, but for us, it made the business much more interesting to grow.