Stockx Rules Regarding Shoe Condition
Deadstock or DS are the only kind of shoes StockX accepts. But that can be a bit of loose term depending on who you ask.
Thats why StockX has their own interpretation of it. According to StockX, deadstock sneakers are brand-new and have never been worn before. Its all about authenticity because there are many fake high-end sneakers sold online.
Most deadstock shoes have additional items included with the shoes. Things like shoelaces come to mind. Whatever was in the original packaging must still be there. StockX will accept shoes that are laced up already, provided they dont show any signs of wear.
Some acceptable flaws are minor discolorations that are entirely uncontrollable. This is particularly acceptable if the deadstock sneakers are over five years old, and signs of aging are to be expected.
Deadstock sneakers have to come in their original box. It doesnt matter if you find a shoebox from the same manufacturer, it has to match the size and model of the shoe youre selling.
And the shoebox can have small dents, but tears and more significant signs of damage will result in StockX rejecting the shoes altogether.
Where To Resell Shoeswhere To Resell Shoes
There are many ways to resell your shoes. You can flip them hand-to-hand to people you know, drop them off at big consignment retailers such as Flight Club or Stadium Goods, list them on eBay, or sell them through websites such as StockX and apps like GOAT. But you need to be mindful of a lot when youre reselling your shoes. What are the fees?
Features Of A Forged Stockx Tag
StockX Fraudulent Often, the tag colors, patterns, and designs correspond to the items in the sellerâs line. For instance, you may acquire a black tag with such an orange âeBayâ emblem.
This is an obvious indication that the product has been marked up above its original retail cost. A forged tag is also a strong indication that something is wrong with the validity of your product.
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The Stockx Buyer And Seller Bonuses
StockX rewards those who sell a lot with lower fees. In the account overview, you can see the current seller level and how high the transaction fees are.
The higher the sales and the amount sold, the less fees you pay. The fees are reduced in graduations from 0.5% to a minimum of 8% fees.
In the account overview above, you can also see the Buyer Punchcard, which is a kind of stamp card for buyers. After every 5th purchase of a sneaker, you get a shipping voucher for $13.95. This covers the amount for the shipping, so the shipping becomes free.
Here’s How It Works As A Buyer:
There are literally thousands of items to choose from onStockX. 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.
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How To Sell On Stockx
If youre looking to sell used shoes on StockX, there are a few things you need to do first.
First, you need to create an account on the StockX website. Once you have done this, you can list your shoes for sale. When listing your sneakers, you will need to provide information such as the shoes size, condition, photos, and price. Ensure you provide the correct information because StockX has a verification process for the shoes. Choose your preferred payment method, then select the bidding option.
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Once done with all this, you will need to ship the shoes to StockX. StockX will verify the authenticity of the shoes, and if it turns out to be legit, they will transfer the payment to your account. If the shoe turns out to be counterfeit, StockX will charge you a 15% service fee. Therefore ensure you read the terms and conditions before selling.
Selling shoes on StockX is a relatively simple process. With just a few steps, you can list your shoes for sale and start earning money from them.
How Does It Work If You Sell Second Hand Or Used Shoes On Stockx
If the sneakers are authentic, youâll receive the compensation specified on the pages where they were posted for sale. Whenever the shoes are not legitimate or in deadstock conditions with the original packaging, youâll indeed be charged 15% of the purchase price. Or $13.95 for delivery, whichever is more.
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How To Find Shoes To Buy And Sell
Are you considering to earn money from reselling shoes? Then we highly recommend reading these helpful tips. Reselling shoes is very similar to the stock market. You need to understand the market and what is currently trending and in demand. You will probably not make a lot from selling an old pair of classic Nikes. Therefore, you have to focus on shoes, that have history and increase in value over time, like a good quality wine. A good idea to start with is buying a new pair of kicks on release day at the retail price and sell them later as the price goes up. You can check the StockX for the current prices on the market.
A perfect example is Nike SB x Ben & Jerrys Chunky Dunky release. Chunky Dunkys retail price was around $110 USD and they are at $3 200 USD right now. Just over two weeks after the release. It mostly depends on type of the shoe and the demand on the market. You kind of have to predict whats happening right now and what factors can influence it. To get the latest releases, we recommend using the Frenzy app. The mobile app Frenzy allows you to get all the hottest sneaker and streetwear drops to your phone without any hassle. No more waiting in lines or trying to win over bots.
Air Jordan, Air Yeezy, Air Mag Back to the Future, VaporMax, Nike SB x Ben & Jerrys Chunky Dunky
How To Sell Using Stockx
Before you become a seller on StockX you should know that you will need to pay a commission of 15% of the transaction value with a minimum of $15. If you dont ship within two business days or if the goods received dont pass the inspection, the service protects itself. For you to sell something on StockX, you need to follow the steps that are listed on the site. To get started you need to:
- Open the StockX website andin the upper right corner on the home page.
- Then search for a model and brand of clothing or shoes.
- . Below the price indicated, you will see the amount minus the services commission.
- Then specify your payment information.
- In the Selling section of your account, you will need to track the status of your items.
- If your item is pending purchase you will need to print the shipping label and follow the information on the website to submit your item for shipping.
After confirmation, you as the seller need to prepare your product and send it within 2 working days, your pair of shoes must go to the StockX staff, for authenticity check. This is to make sure that the pair is brand new, but there may be exceptions if its a limited edition release.
However, they must also have an impeccable appearance, matching the specified model and size. If an item fails the inspection, the purchaser will receive an immediate refund.
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Places To Resell Sneakers For Profit
Inside every giant industry is a bunch of smaller ones. And inside the shoe and sneaker industry exists yet another one the business of reselling sneakers. The sneaker resale market alone is valued at over $2 billion dollars . And so, with a great amount of money comes a great amount of resources.
The sneaker market even has a subculture of its own with its own agenda. There are specific sites, apps, and places to resell sneakers for profit, including hundreds of tutorials, YouTube videos, and how-to guides from sneakerheads whove seen wild success from buying and selling shoes both on and offline.
But if theres a market out there, that means there are competitors, too. While selling sneakers isnt saturated per se, it is becoming more of a challenge to widen margins and lower costs because of sellers savvy know-how and business tactics .
Nonetheless, there is still lots of money lying on the table when it comes to the sneaker resale market. Read on to learn about the best places to resell sneakers for profit!
Level Up & Enjoy The Benefits
Whether youre reselling a new purchase, growing a business, or creating a side-hustle, weve developed an intelligent, global marketplace that works for anyone, anywhere.
- Eligible for up to 2.0% off seller fees via Bonus Discounts
- Eligible for up to 2.0% off seller fees via Bonus Discounts
- VIP account management
Note: All sellers also have a 3% payment processing rate in addition to the StockX transaction rate.
Your seller level is determined by your sales activity on StockX. Activity resets at the end of each calendar quarter. You must continue selling in order to maintain your Seller Level. For example, if you complete 20 sales in a given quarter, you will be in Seller Level 3 during the following quarter. However, if during that following quarter, you complete 0 sales, your Seller Level will revert back to Level 1 for the quarter after that.
You can level up at any point mid-quarter once you reach the sales requirements for the next level.
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Can You Try On Shoes Before Selling On Stockx
StockX will accept shoes that have been tried on a couple of times, as long as the shoes themselves are in mint condition along with the original box in which they were sold. However, if there is obvious damage to either the shoes or the box they came in, theres a chance that StockX will not accept them for resale.
You can try on shoes before selling them on StockX, provided they are still in mint condition and accompanied by the original box.
If the shoes and the box they came in are five years old or more, then a small amount of damage or discoloration is acceptable. If you want more details on StockXs definition of deadstock sneakers, you can check out this page.
Just like with retail sneakers, shoes sold on StockX can pass inspection even if they have been laced/unlaced, tried on, or if they possess slight manufacturing flaws which are unavoidable. However, obvious damage, extensive wear-and-tear, or foul smells will obviously disqualify shoes from resale on StockX.
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.
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How Do Shoes Need To Be In Order To Sell On Stockx
StockX will only accept deadstock sneakers. StockX will only accept deadstock sneakers.
StockX shoes must be in mint condition. This includes the original box. Shoes that are older than five years may have minor discolorations or damage.
This page will provide information about the requirements StockX places on their shoes.
How Does Payment Work On Stockx
Sellers receive payment once the items have been shipped for authentication. You can choose to receive payment through PayPal, electronic ACH transfer to a bank account, Venmo, or debit. If your item does not meet the condition guidelines, is fake, not as described, or not shipped in time, you will not get paid. You will be charged a $15 penalty or a fee equal to 15% of the transaction.
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What Happens If You Disobey The Rules
StockX requires that the shoes you want to sell should be in perfect condition. That is assumed if you are using StockX to sell them. However, not everybody will take StockXâs deadstock sneakers policy seriously, and some may attempt to send them used ones.
Return freight costs are high, but they nevertheless occur. Even if you take the time and effort to package your sneakers according to StockX requirements, they will reject if they donât meet their standards.
However, are there any risks associated with delivering a pair of shoes that are not deadstock? StockX claims that if you give them a couple of old shoes, they may take a service charge of up to 15%.
Additionally, and this is critical, StockX is under no legal responsibility to return an item that does not comply with their standards. They may even contact the authorities if someone attempts to send fake sneakers via their website.
Additionally, StockX may penalize sellers who do not ship their footwear on time or adequately package them. All of these procedures are taken to expedite the buyerâs delivery.
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.
If You Break The Rules
StockX expects the shoes youre selling to be absolutely flawless. Thats because if youre using StockX to sell them, thats implied.
However, not everyone will take the StockX deadstock sneakers rule that seriously, and they might try to send them used pairs of shoes.
The shipping fees involved with returns are astronomical, but it still happens. Even if you spend enough time and effort to package the sneakers by StockX guidelines, if your shoes arent up to their standards, theyll be rejected.
But are there any potential repercussions to sending a pair of sneakers that arent deadstock? StockX claims that they might charge a service fee of up to 15% if you send them a pair of used shoes.
Also, and this is important, StockX doesnt have any legal obligations to send you back an item that doesnt conform to their rules. If people try to send counterfeit sneakers via their website, they might even call the authorities.
StockX can also penalize users who dont ship their shoes on time or dont package them properly. These measures are all in the interest of speeding up the delivery for the buyer.