Does Stockx Sell Fake Shoes And Sneakers In 2022
Ever had the question, Does StockX sell fake shoes? Well, youve come to the right place! In this article, well discuss who StockX is, their policies on authenticating products and what they have done to make sure that users can trust them with their purchases.
StockX is an online marketplace that allows users to buy and sell sneakers, clothing, and other accessories. The site operates on a consignment basis, meaning that sellers send in their items to be authenticated and then listed for sale. Buyers can browse the listings and purchase items that they are interested in.
Index of Guide
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.
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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Ebay Is Infamous For Bootleg Products
A downside to selling sneakers on eBay is that there isnt an authentication service at the time of this writing. This is something that eBay is exploring to add to their site in the future. As a result of that, there are tons of fakes and unauthenticated sneakers that are sold on eBay.
This causes many potential customers to be wary of buying sneakers on eBay. However, there are a few ways that you can build trust with customers through eBay. The first way is that customers are able to leave reviews of your story. Many customers rely on social proof to know if a company can be trusted or not.
Another way to overcome this objection is by getting your sneakers authenticated yourself. This can be done by sending your sneakers to platforms like Stockx to get verified. Also, there are sneaker conventions like SneakerCon where you can get sneakers verified for free.
Only Buy Authentic Goods
If you love designer sneakers, youll most likely always want to get a deadstock pair. And what better way than getting involved in a bidding war on StockX? By purchasing sneakers through the website, you can rest assured that youll receive a pair of authentic new shoes. And to confirm the authenticity, you can return to this article to see how to spot fake StockX tags.
Have you ever received a used pair of shoes from StockX? How did you resolve this? Let us know in the comments section below. Its going to be useful for someone else in the community.
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What Shoes To Buy
One of the most common questions I get is how do I know which shoes to buy? Which brands and models will be profitable?
Immerse yourself in your local sneaker communities by attending a sneaker convention and getting an idea of what people are wearing and what people are talking about.
Learn about the Jordan brand. Begin to follow Instagram accounts that have to do with sneakers and sneaker news, so youll automatically be doing research every time youre killing time on the gram. Combine all of the above with checking aftermarket prices on sites like eBay and calculating your estimated profit.
Nicks Notes: In the advanced search, you can check the box just to see completed listings to see how much items are actually selling for.
I suggest starting small with one or two pairs so you dont have a huge risk.
What Really Happens When You Sell Your Used Shoes On Stockx
Shoes are not the only item that is being sold on Stockx and if you are going to sell shoes, they must be brand new and must not have been worn before.
You can also sell items like shoelaces, apparel, electronics, furniture, accessories, utensils, handbags, and so on.
You can sell these items and more on StockX provided that these items have never been used or worn before, they must look as new as possible.
There are two ways to sell these items on Stocks, it can either be through Ask or Sell now.
- An Ask is a list that shows the particular price at which you want to sell your items.
- They are listed from the low products to the high products, you can as well set a number of days till the Ask expires.
- An email will be sent to you before the Ask expires so that you can renew it or allow the expiration to take place.
- You can also sell these items using Sell Now if you want to sell them immediately by selecting the Sell Now option on the product page.
- You can use Sell now if you do not have the product or items presently, but you must send it to StockX for proper verification within some days.
Submitting an Ask will require you to wait for someone to pay for it while using Sell now means that you can sell the products immediately for the highest bid.
The fastest, safest and authentic way to buy and sell deadstock products is through StockX because all products go through a rigorous check by experts before they are being sold out.
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Where To Sell Shoes For Cash Near You
In addition to online consignment shops, you might want to consider selling your shoes through local marketplaces. This can be a faster way to sell shoes, and you receive cash instantly instead of waiting for funds to transfer to your account.
Plus, theres no chance of you having to refund a customer because they didnt like the shoes.
Here are some of the best local places to sell shoes for cash.
Can You Sell Used Shoes On Stockx Can You Legally Resell Shoes
StockX is an online marketplace for selling sneakers, where the sellers can sell, and customers can buy the necessary sneakers. This tent allows consumers to check all the information about their desired shoes and the values required by the other sellers on the same products. And the Sellers can check if their given products on StockX are sold or still there. So this is undoubtedly a fantastic platform.
People often asked me, can you sell used shoes on StockX?
StockX only allows selling new and almost new shoes. So if you want to sell used shoes multiple times, then StockX wont allow you to sell them on their platform.
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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.
Has Been Hacked Multiple Times
One con of selling on StockX is that you risk the potential of your personal and payment information being hacked. This has happened many times where people have seen charges for shoes that they didnt buy. This is because your payment information is saved to your account.
Supposedly StockX has taken steps to fix this problem. However, I still continue to see reports of people being hacked at the time of this writing. Recently, they added two-step authentication which is a big step to preventing information from being hacked. Time will tell if they have resolved the issue.
I recommend that you set up a bank account or credit card only for StockX. You should load it periodically but dont deposit your work income to this account. That way if you do get hacked it will be a big chunk of change.
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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.
Great App Even Better Service
Do you use Instagram? If so you’ve used the official Kixify app. That is by no means a bad thing. If it works and is seamless, why not? Imitation is the sincerest form of flattery as they say. That aside, this app is extremely user friendly and might I say almost addictive, if you love shoes that is. It’s a virtual sneaker shop that can be endlessly configured to your liking. Looking for Deadstock only? How about lightly worn? Maybe fixer uppers? It’s all here. As a buyer it’s simple as can be, and as a seller I can manage my orders and messages with ease.May I suggest adding some more metric features for sellers within the app that are present on the web version? That and the fact that the add picture function in the messenger section has never appeared to work.Small fixes but a great user experience and reliable and fully authentic service.
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How Does Stockx Define Deadstock Sneakers
As you are asking the above questions, you may not understand the words deadstock and used shoes. Some people think that deadstock means used things. In this case, you should know the right meaning from the StockX authority.
Deadstock does not mean used things. According to the authority of StockX, you will find deadstock things or shoes in this stock market. They are completely new and have not been used before.
In simple words, some retailers may have a bundle of shoes. They have bought the shoes for their retailers shops but failed to sell them. Then, they can sell these pairs of shoes in the StockX market.
The deadstock shoes are authentic because they are new. The pair of shoes must carry the original box, level, color, and size. The shoes may not carry additional accessories such as shoelaces.
If you are a seller and have some stock of shoes that you could not sell, you can take part in this stock market. Here, you have to assure the authentication of the shoes.
First Step One: Check The Front Text Of The Stockx Tag
- The very first thing you need to checkis that most of the fake coins inscriptions are chipped.
- The front text between the fake and real one is visibly different. The text on the authentic coin is solid and well build, but the fake one has scuffed, weak, and damaged text on it.
- And the space between the text on the long is very different. On the fake coin, the distance between the texts is more than the real one.
- The dots on the X logo side of the fake oneare significantly more prominent than the real one. And the fonts use on both are different.
- The word assembly on the fake one is kind of weird you can find it even in your naked eye.
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Hold Onto Shoes Until They Increase In Value
Many shoes are successfully sold on StockX for higher than their original retail price.
According to the platforms Current Culture Index 2022 Jordans are the number one selling shoe, purchased on average for about 60% above retail price.
Successful sellers like Simms often purchase these shoes for retail and wait to sell them when supply is low, demand is high and the asking price has inflated.
You have to look at it like a savings account, said Simms. Nowadays, money sitting in a bank really doesnt do anything, it doesnt move, and you dont really make anything off of it. So if you think of as a way to have money sitting in the bank and earn money on your money, thats a smart way to do it.
Sneaker Resale Is A Global Opportunity
The resale market as a whole has been growing fast, even if it still just a fraction of the total sneaker business. In a July report, investment firm Cowen estimated the global resale market to be worth about $6 billion in 2019, while total sneaker sales were more like $100 billion. Still, Cowen predicted worldwide resale could rise to nearly $30 billion by 2030.
Sneakers continue to grow in popularity, pushing more shoppers into the market, while sneaker makers such as Nike and Adidas keep tight control over distribution. Since the resale market is based on shoppers not always being able to get the shoes they want at retail, it should create the conditions for plenty of buying and selling on StockX and other sites. In China, for instance, the sneaker resale market has been heating up, leading to venture-capital firms pouring money into startups such as Poizon and Nice.
The company has also branched out to other products, such as streetwear, trading cards, and electronics. Shoppers unable to buy the PlayStation 5 at retail, for example, have been finding them on StockX.
In the meantime, the frenzy around limited-release drops of new sneakers continues to grow, leading to speculation that resale might be a bubble ready to burst. So far the market shows little sign of slowing. StockX and its investors seem confident it has plenty of room to expand.
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Here’s How It Works As A Buyer:
There are literally thousands of items to choose from on StockX. Once you find an item you’re interested in, you can either buy it immediately for the current lowest asking price or submit a bid and wait for one of the many sellers with the same item to accept the offer. It’s worth noting that StockX requires you to link to a payment method when placing bids. You’ll only be charged if and when your bid is accepted. This is put in place to rid the marketplace of meaningless offers from flakers.
After your purchase is confirmed, the seller has two business days to ship your item out for professional authentication at StockX. I personally love that sellers are held accountable for timely shipping because nobody likes to wait a long time for items to arrive. Once your item arrives at StockX, it’s marked with a green “verified authentic” tag and it’s shipped out to you. You can track the status of your order online.
As a buyer, you’ll be able to keep track of current offers placed, pending purchases, and past purchases. Since it shows a collective amount of how much you’ve spent, you’ll be less likely to spend your life savings on sneakers and streetwear.