My First Profitable Flips: Starting With $1 T
At thrift stores, I could pick up t-shirts for $1 or $2 and sell them for about $10.
I was able to make money doing this, but it was nowhere near enough to reach my goal of matching the current paycheck.
At best, I was making a $10 profit for each item I sold, and at the peak was selling 5 items per week. Its good that I was making some money on the side pretty consistently, but I became hungry for more and started to brainstorm ideas.
Best Sneaker Releases This Season
Whats with the fuss about this season? Are there really any sneaker releases worth copping? When we say this season will be loaded with drops, we mean it. There isnt a single sneaker brand thats not releasing its best colorways and silhouettes during the next 3 months.
Upcoming Sneaker Releases
- Travis Scott x Air Jordan 6:
- Off White x Nike Dunk Leather: October 19th
- Air Jordan 1 SBB 3.0: October 26th
- Off-White x Nike Vapor Street: November 14th
- Travis Scott x Nike Air Force 1 Low
- Nike Air Force 1 Low What the LA
- Air Jordan 11 Bred: December 14th
- Adidas Yeezy 350 V2 Boost Yecheil
- Adidas Yeezy Boost 350 V2 Yeezreel
How To Determine If The Shoes Are Fake
The last thing you want to happen is for you to purchase fake shoes mistakenly. This is a problem that pervades in online marketplaces without a middleman like Amazon or eBay. If the price is too good for its good, then maybe its a fake. But before making that conclusion, you need to learn how to find out if the sneakers are legit or not.
Below are ways that you can check if a pair of sneakers or shoes youre trying to buy is genuine or not:
Criteria to Determine if Shoes are Fakes
While these tips will help you avoid purchasing bogus shoes, its not foolproof that you will entirely avoid such purchases. Just make sure to ma careful and alert enough to keep these provisions in mind when buying.
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How To Resell Sneakers: The Ultimate Guide
Sneakers arent just for sneakerheads any more. Whereas 10 or 15 years ago youd need an encyclopedic knowledge to get ahead in the collecting game, nowadays its easier than ever to get your hands on high-demand kicks which sell for even higher prices. Thats why its no surprise that sneaker reselling, once a niche market for trainer obsessives, has boomed into a full-on cottage industry.
The rise of marketplace apps like StockX and GOAT, alongside the proliferation of social media sites where youre just one DM away from turning a rare pair of trainers into cash, mean that more people are selling their shoes than ever before. The global sneaker resale market has been valued at over $1 billion, while the right pair of kicks can go for £5,000 cash at UK-based sneaker havens like Crepe City.
Theres a big pile of money lying at your feet, but how to take the first step to claiming it? Dont worry, we along with some of the industrys major players have got you covered.
Buy Discounted Gift Cards
When you want to shop for discount shoes online, you could consider purchasing a discounted gift card for that retailer.
Gift card sites like Raise and CardCash allow you to purchase gift cards at discounted prices. You can get gift cards at up to 35% off for brands like Adidas, New Balance, and Reebok. So, you may be able to get a $100 gift card to use and pay just $85 for it.
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Where And How To Buy And Sell Shoes
Now that you have the shoes, you must find the best channels where you can sell them to turn in a profit.
You can start by creating an account on a consignment shop like StockX to resell the shoes there. Both sites serve as middlemen between buyer and seller. Therefore, you deal directly with either website to sell your shoes. Send them the sneakers when youve chosen the highest bid, and they will take care of the rest.
Sites like StockX are convenient ways to sell your shoes and ensures buyers that they wont be duped by fake sneakers.
On the flipside, you dont get the personal touch from consignment stores that go with seller-to-buyer transactions. However, if youre not much of a salesman or a people person, then this shouldnt be a problem.
If you want the traditional way of reselling shoes, you can always go the way of Facebook Groups, Craigslist, and eBay. These sites allow you to put your personal touch on your pairs product page.
As a best practice, you need to be descriptive and detailed as possible about the sneakers. Leave no stone unturned and make sure that you are honest in your description. Assuming that youre a new seller, itll take time before buyers warm up to you. Therefore, you need to keep working on gaining the trust of buyers and continue marching forward.
Want To Get Rich Selling Sneakers Start Flipping Bricks
Santiago Mejia is a sneaker reseller based in Lewisville, Texas. On his Instagram pageyou can see him at home, under what looks like a mountain of orange Nike shoe boxes: towering to the ceiling, sprawling up the staircase, piled to the point of nearly falling over. In one photo, hes at an outlet store with a pair of shopping carts literally overflowing with discount sneakers in another, one of his kids is working at a desk surrounded entirely by shoe boxes and a tottering pyramid of shoes.
If youre interested in buying, you can browse these wares on Mejias eBay storefront. As of this writing, Mejia has 2348 different pairs of sneakers available to bid on. He has a few high-end shoes for sale, the sort youd commonly associate with the go-go world of sneaker reselling: a couple pair of rare Dunks, a handful of coveted Jordans. But the largest portion of his stock is a little plainerhe sells everything from Nike Vapormaxes to Converse Chuck Taylor Gore-Tex boots, almost all of them listed for under $200 plus shipping. There are about 200 pairs of Air Force 1s in a smattering of common colorways, each running for a little under what theyd go for off the shelf at Foot Locker about $90, on average, depending on the exact size and model. For the most part, Mejiawho has managed to turn his longtime sneaker fandom into a successful full-time jobmakes his money reselling run-of-the-mill kicks.
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Potential Scams / Lack Of Customer Protection
Ive used Kixify for about 4 years now and it was legit for the transactions I had in the past. I eventually began using StockX more because they have a higher chance of having the shoes I want, despite the high prices. Because of StockXs high prices, I went back to Kixify to find a better deal & was scammed out of my money. I purchased a pair of AJ1s and the resellers order under my account denied me access to the order details and tracking information. I reached out to the reseller, who refused to give me the tracking information directly & I reached out to Kixifys customer service & never heard back from them. I no longer trust Kixify nor believe them to be a legitimate platform to buy and resell sneakers. Kixify says they offer customer protection, but in reality they dont. Its not like StockX where they authenticate the products before delivering them to you. Kixify has zero protection for their buyers against fraudulent resellers. If youre looking for a safe way to enjoy your hunt for DS shoes, dont use Kixify. StockX may be high, but you get what you pay for. Quality over quantity.
Why Should You Sell Custom Shoes Online
All Over Print Custom Shoes
Make bold fashion statements with unique custom designs that are guaranteed to catch everyone’s eye.
No Minimum Order Required
Create and sell as many pairs as you want. We can custom-image one-offs to dozens of shoes in one run.
Print Providers in USA and China
Best print providers in the world based on production time and price. And ordering from China means shipping for as little as $1.20. Yay!
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Where To Sell Your Clothing And Shoes Online
Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. Both platforms allow people to buy and sell high-demand items such as streetwear and sneakers, but they differ in user interface, audience, commission rates, and fees, to name a few. Thats why its important to choose the right resale website for selling your clothes and accessories online.
Whether youre paring down your closet to just the essentials, you need some extra cash, or youre making way for spring and summer style arrivals, weve rounded up the best places online to sell your clothing, footwear, and accessories. Check out our top picks below.
Tips For Selling Your Used Shoes
When it comes to selling your shoes online, list your items on more than one site. The more places you list your shoes, the more people will see them. This means theyll sell faster, and youll make more money in the long run.
Instead of choosing one site, experiment with a few and see where your target buyer is most likely to shop.
Secondly, make sure your pictures are high-quality and accurate. No one wants to buy a pair of like-new boots only to find several major scuff marks. You dont want to get bad reviews or deal with returns because your shoes didnt live up to their profile picture.
Consider what condition your items are in before you start looking for buyers. Take some time to clean them up and make them presentable. If no amount of cleaning can repair their current state, then you may want to consider donating them instead.
Finally, be realistic about how much money you might earn from your used shoes. Consider what youd pay if you were the buyer. If you price your shoes too high, it will take longer to find an interested buyer. However, you can usually adjust your pricing and experiment to find the sweet spot.
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Discovering The Sneaker Aftermarket
Searching through eBay, I filtered strictly by price and not by brand name. I was searching for items that were selling for around $500-1000 that I could make a profit from.
To my surprise, in the $1000 realm, among the name-brand luxury bags and other obviously expensive items were a pair of Nikes.
It was February 2015 and the shoes were the Air Jordan 2 Just Don.
Little did I know that this discovery would open the door to my most profitable flipping venture yet, and the one that would match and replace my job income.
I saw that many pairs were selling for nearly $1000 with a lot of bidding action. After doing some research, I found that these shoes were available at retail at $350. Instantly I knew that I wanted to start selling shoes.
Not only did these mark the checkbox of an item that sold for $500-1000, it exceeded my profit goal of $100 per item: I could make over $500 per shoe I sold!
I would only have to sell one shoe per week to make my $500 per week goal, and I could even make $1,000 in a week if I sold 2 shoes maybe even $1,000 in a day.
Nicks Notes: eBay takes a 10% fee on each sale.
My mind started spinning and I became super driven to learn all that I could about the shoe reselling game.
After spending hours of research and using the little money that I had saved, I bought my first pair of shoes to resell. It was a pair of Jordans that I bought for $190. I sold them hours later for $300 an $80 profit after shipping and fees.
Shoes Speak Louder Than Words
People talk about clothes but, more often than not, fail to mention the accessories that complete the look, the most important thing that can make or break an entire outfit the shoes. The first thing people tend to notice on a person is their shoes, and they can tell you a lot about someone, so start designing shoes that tell stories. Start selling custom shoes that speak louder than words ever could. To start a footwear line, unload your creativity on the shoes that you can find in our catalog, put a price tag on and start selling.
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What Is The Best Site To Buy Shoes Online
As you can see there are many online shoe stores where you can buy quality brand names shoes for cheap.
I dont think there is one best or cheapest shoe website. It just depends on what you are looking for. All the sites mentioned above offer great deals and discounts on all kinds of shoes for men, women and kids, from dress shoes to sneakers and everything in between.
What do you think is the best place to buy discount shoes online? Let us know in the comments section below.
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Applying The 10x Rule
Thinking back again to the successful commodity traders, I recognized the obvious fact that the reason that these traders became millionaires is because they were trading in large quantities of money.
I had also been watching the TV show Million Dollar Listing at the time, where real estate agents made as much money selling one house as the average American would earn in a year. They did basically the same amount of work as the typical real estate agent but made ten times more simply because they were selling houses that were ten times more.
I was selling $50-$100 items and making about $10 per sale and $50 per week, so I thought, why dont I sell items that are priced at $500-$1000 and make $100 per sale and $500 per week?
A similar amount of work for 10x the results.
I had saved some money and was ready to start flipping more expensive items but wasnt really sure where to start, so I searched for higher ticket items to sell. I knew luxury items were expensive, so I researched high end designer items and expensive watches.
Through my research though, I found that it was nearly impossible to make money reselling name brand luxury items. In fact, they were almost universally selling for less on eBay than they were in the store, even when they were on clearance.
Every now and then, I would find a luxury item on deep clearance at the mall and see on eBay that I could make a profit, but that the margin would be too thin and the sale too slow to justify the upfront investment.
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The Easiest Guide On How To Buy Sneakers Online For Retail
Tis the season yall! The holiday season. The shopping season. And the sneaker copping season! You probably know that the upcoming 3 months usually hold the biggest bulk of sneaker releases every year. And if you didnt know that before, well now you do! October, November, and December of every year offer us the most hyped and valuable of sneakers. And for you to get the best out of this season, you need to buy sneakers online. Also, for retail, because resale prices keep getting crazier. And we dont like crazy!
So, in order to buy sneakers online, there are a few things you need to know and a few you need to own. The most important thing to know, before you get shopping is, copping sneakers online, is a matter of luck. Most of the time. And no matter what tools you equip yourself with, you STILL end up empty-handed. So what were about to share, will help you increase your chances as much as possible. But there could always be factors bringing you down. And your luck might be one.
How To Avoid Common Sneaker Reselling Mistakes
While its important to be excited and have the energy to really jump into the sneaker resale game, sometimes you need to slow down. Jump on good deals. But any time you feel that something is off or theres a red flag listen to those instincts.
Even the top shoe reselling hustlers have been taken in by fake sneakers before. While in theory PayPal or other services have a money protection guarantee, getting your money back can be a hassle.
For anyone who has ever dealt with PayPal returns, its not a guarantee, either. If you get into a he said, she said argument with the seller of fake shoes a PayPal customer service rep is not the one you want making a final decision on hundreds of dollars.
Another common mistake, is not warning PayPal about a surge in transactions.
If theyre not used to seeing a lot of movement in your PayPal account, many transactions in the thousands of dollars for used sneakers could get the account flagged. This is a headache, but it is one you can work around.
If you have to upgrade to a business account, so be it. Better than losing out on deals. Or having your hard earned money frozen in the account.
Finally, have a plan for management.
Do you have a good bank roll and plan on buying a large number of authentic sneakers before selling? Are you planning to buy shoes and then flip them quickly? You need to know how much space you have, have a plan for tracking inventory as well as expenses and profits, and manage your process.
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