One of the most well-known basketball players of all time, Michael Jordan’s distinctive shoes have become a mainstay in the footwear industry. His relationship with Nike has been fruitful; the Air Jordan line has brought in billions of dollars. How much money does Michael Jordan actually make off of each pair of shoes?
Michael Jordan made $130 million from his empire of sneakers in 2019, according to Forbes. This comes to a median profit of $3 for each pair of shoes sold. Despite the fact that this might not seem like a lot, it’s vital to remember that the Air Jordan line constantly sells millions of pairs every year.
Making shoes is a difficult task. It calls for a blend of technical know-how, creativity, and market awareness. Since the outset, Michael Jordan has worked closely with Nike to develop cutting-edge and fashionable designs for his iconic shoes that appeal to his followers.
It might be a difficult process to make shoes. To maintain quality control, it entails locating resources, developing prototypes, and working with factories. Nike has strong procedures in place to make sure that every shoe produced for the Air Jordan line matches their high standards. The Air Jordan line is produced in a number of nations, including China and Vietnam.
If a shoe design can be copied, one may wonder. Yes, shoe designs can be protected by copyright. It’s crucial to understand that copyright protection does not apply to the shoe’s functioning components; rather, it only protects the specific design features. This means that while you can defend your shoe’s distinctive design, you cannot stop others from designing a shoe with a similar aesthetic but different functional components.
According to the nation and the level of protection you want, the cost of copyrighting a design varies. For online applications, the fee to file a copyright application for a single design in the US is $35; for paper applications, the fee is $85.
In conclusion, Michael Jordan’s earnings per pair of shoes may not appear to be much at first glance, but when you include in the volume of sales, it adds up. The process of creating and manufacturing shoes is intricate and calls for both technical know-how and creative talent. While a shoe design is protected by a copyright, only the exact design elements—not the practical aspects—are protected.
Even though the post is about Michael Jordan’s earnings per pair of shoes, I can still provide you advice on how to register your ideas as a trademark.
You must take the following actions in order to trademark your designs:
1. To make sure your design is original and hasn’t been registered by someone else, run a trademark search.
2. Use an attorney or the United States Patent and Trademark Office (USPTO) to submit a trademark application.
3. Watch for your application to be reviewed and approved by the USPTO. 4. After your trademark has been authorized, make sure you frequently use it in trade and renew it before the expiration date.
In order to make sure that your trademark application is completed and submitted properly, it is advised that you speak with a lawyer who focuses on trademark law.