Scaling Up The Sneaker Flipping Operation
I kept reselling pairs in that range until I had enough money saved to buy a pair of shoes for $900. After a few anxious days of waiting, I was able to flip them at $1200 for a profit of about $200. I also began to learn how to secure these $1000 shoes at retail for insane profit margins of over $500 per shoe.
I started as an absolute outsider and 4 months in I cleared $10,000 for the month.
Once you know what youre doing and you take the time to build your reputation and stay on top with sneaker news, the consistency and ease of selling aftermarket sneakers amazes me to this day.
Experience Of The Artist
The last biggest factor that goes into pricing custom sneakers is the experience of an artist. If you donât know already, we partner with some of the world’s most talented sneaker artists. Some of our artists are more experienced than others and with more experience comes more demand for your services. Using basic supply and demand logic, the artist with the most experience will have more demand, thus, giving them the ability to charge more for their services as there is always a limit of the amount of designs they can produce in a day. On average, artists price their services at a MINIMUM $15/hour, so if a design takes 5 hours to make, their quote for just the artwork would be $75. Add on the cost of the base shoe, other materials, shipping, and transaction fees, and you end with the final quote.
How Much Is My Engagement Ring Worth
It is important to understand that the bulk of the value for your ring will be determined by the center stone. However, as engagement rings come in an array of styles with diamonds of various quality, there is no one set value for pricing engagement rings. Much like the price of a house, it depends on a myriad of factors.
The best way to get a price for your diamond ring is to consult the diamond experts. Diamond pricing is complex: it requires a thorough understanding of the current second-hand diamond market as well as a detailed analysis of a stones characteristics.
Get your bespoke price quote from our team of GIA trained gemologists today by clicking the button below.
Read Also: Gucci Sneakers Bees And Stars
Important Information About This Website
finder.com.au is one of Australia’s leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don’t cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn’t a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you’re unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Where our site links to particular products or displays ‘Go to site’ buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Branding: The Big Bad Beast
Theres no shortage of debate on this topic when it comes to anything luxury not just sneakers.
When you pay $1,000 for a sneaker, how much of it is for the name and how much of it is attributed to the actual product?
The answer is that its all relative to a brands broader marketing spend.
If you look at New Balance, they dont have any athletes signed to them, they dont do much real marketing, says Kyvetos.
There isnt high cost of marketing factored into a New Balance shoe so youre able to get the best quality shoe for a very competitive price.
Asics is in the same league. Theyre not a huge marketing company so theyre able to factor in a lower marketing cost in the final price for the consumer.
Nike and Adidas are on the same playing field. As two of the biggest and most active marketing companies in the world, their volumes are so high that their marketing cost gets spread across a much bigger production run of shoes.
For luxury sneaker brands like Balenciaga, youre not really paying for the brands marketing.
Theyre not doing much compared to sports brands. No endorsements and a bit of Instagram. Their marketing costs arent astronomical, adds Kyvetos.
Marketing is offset by the sheer volume of the business. In my view its not a huge factor in what a consumer pays at the end its not a defining price factor.
Recommended Reading: Vans Old Skool Triple Black Platform Sneakers
Cost Of The Base Shoe
The first factor that goes into pricing custom sneakers is the cost of the base shoe. All artists prefer to paint on a clean, blank canvas which is why 99% of our orders deal with a newly purchased sneaker supplied by the artist. For example, our most popular base shoe, the Nike Air Force 1 Low, costs $90. That price is automatically added to the final quote so we always recommend clients to have AT LEAST a $150 budget.
Are Ecco Shoes Good For Plantar Fasciitis
ECCO makes it a point for their shoes to fit the foot, not the other way around. They do make shoes specifically for plantar fasciitis. The ECCO Soft 7 Sneaker is likely one of their more comfortable models.
If you just have to have sandals, theres the Yucatan. The Soft 7 Laser Cut is very breathable. If youre in the market for waterproof work boots, go for ECCOs Track 25 High.
Recommended Reading: How To Get Silver Sneakers Certified
Adidas Yeezy Boost 700 Faded Azure
The shoe is obviously going to be available in considerable numbers but there is a room for profit.
This is a breakdown of the average sale prices since November the 17th. We can use the logarithmic equation to estimate the shoes price by the 27th.
Resale= $356-$6.81ln = $340. So the average resale value is roughly $340. The projected profit margin at this price is $54, on a $240 investment .
You can pretty much see what sizes to aim for.
What Is Special About Ecco Shoes
What makes them unique when compared to other shoe brands is the fact that ECCO manages the whole shoemaking process from the start until the finish. ECCO manages everything about their shoes from being on the cow to being on the shelf with a price tag.
They manage the production of the leather all the way up until it goes up for sale in one of their retail locations. There is no other major shoe manufacturer that does this.
Also Check: Best Arch Support Mens Sneakers
Are Ecco Shoes Good For Flat Feet
ECCO comes highly recommended for people with flat feet. These shoes have been precisely engineered to deliver superb arch support, a midsole that is firm yet flexible, and the exact amount of needed cushioning. There many podiatrists who recommend these shoes to their patients who have many such foot problems like flat feet, bunions, and plantar fasciitis.
Ill Spend On Anyone But Me
For some time now, Ive been on a mission to improve my look. As a 30-something father of 3 who is not required to dress professionally for work, Ive maintained a pretty low standard for clothing. Most days I can be found in a hoodie, jeans and a cheap pair of shoes.
Classy? No. Functional? Absolutely.
For years, Ive bought crappy shoes pretty much exclusively. The $50 variety are my go-to. While looking into how I can upgrade my look a little bit, I started noticing that a few of my more fashion-conscious friends often wear nice leather boots, starkly contrasting my cheap, holed shoes.
Always wanting the best deal, I started wondering if I were to spend more on high-quality boots, if the higher price would net me a longer life and be a better value in the long run.
Like any good consumer, I headed to Google and did some research.
Also Check: What Medicare Supplement Plans Offer Silver Sneakers
Want To Get Rich Selling Sneakers Start Flipping Bricks
Dont miss GQs definitive guide to everything kicksfrom thetypes of sneakersalways worth copping to the best ways to score the next hot drop.
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 shoeboxes: 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 shoeboxes and a tottering pyramid of shoes.
Instagram content
This content can also be viewed on the site it originates from.
In resale lingo, brick flipping means buying and selling readily available sneakers at or under their cost at retail. Bricks are contrasted with sneakers described as hypeshorthand for any shoe that resells for more than 50% over its original sticker price. Last months Jordan 1 High Hyper Royal, which has been selling for roughly 150% of its retail cost, is hype a classic, ubiquitous white Air Force 1, of which guys like Mejia have hundreds, is a brick. The former is hard for even high-level resellers to get ahold of, but is virtually guaranteed to score huge profits. The latter is easy enough to find, and their margins are slim, but they are consistent and reliable.
Yeezy Boost 350 Sneakers
Anything Yeezy touches turns to sneaker resale gold. A never-worn pair of adidas YEEZY Boost 350 sneakers for example, could turn into a major investment piece.
The Yeezy x Adidas collaboration has been going strong since its debut in early 2015. The 350 is the Yeezy lines best performing model to date, with countless colorways selling out every time a new one is released, according to TheRealReal. Data from the luxury consignment store reveals Yeezy Boost sneakers can hold an average resale value of up to 589%.
Yeezy by Kanye West
You May Like: Cute Sneakers With Arch Support
Nike Lebron 17 Graffiti
We covered this article on the 28th of May and the Lebron 17 Graffiti released on the 5th of June. At that time on StockX, the price was artificially inflated to the north of $500 but we guided our readers on being aware of this false resale value.
According to the use, the price range would most likely be between $250-$280 once the shoe got closer to the release date, and that is exactly what happened. As we can see right now, the average resale value is $259. Moreover, the resale value is also falling towards the retail price which we also predicted on the 28th of May.
How To Resell: Sneaker Reselling For Beginners
The flipping sneaker business in many places has provided an avenue for hustlers to ethically and ingeniously make a quick buck. And what seemed to be footwear that keeps your feet safe and warm serve a different purpose to other people.
Compared to some other ways of making money online, the sneaker resale market is very profitable and valued at around $1 billion. While only 4% of shoes and sneakers are purchased upon release for resale, the market benefits from side hustlers and entrepreneurs who operate in different channels.
The sneaker market as a whole has opened up itself to more people with the help of online channels. However, back in the day when the internet didnt exist, there was a competition within the different communities and tribes in the market. People scoured through a thrift store and flea markets to get shoes under their market price.
Others would run to their nearest Foot Locker to get the latest pair of shoes. Information was spread through word of mouth and Eastbay mail catalogs. In other words, reselling sneakerheads worked in isolation with their communities.
There was only so much distance and area you could cover in the early sneaker game. That shared common experience within a small group of people made the sneaker market what it is today.
If you want to get connected with fellow sneaker lovers, you need to attend SneakerCon that takes places in the different parts of the world.
Read Also: Best Black Women’s Sneakers
Best Kobe Bryant Autograph Cards
Lets take a look at some of the best Kobe Bryant signed cards from an investment standpoint.
One of the most if not the most expensive Kobe Bryant autograph basketball cards.
Jordan and Kobe? Whats not to like here?! Any Jordan/Kobe autograph card is a winner in our book and in your wallet.
There are a variety of 2015 Kobe Bryant Flawless Autograph basketball cards all of which would be an excellent investment option.
How Do You Deal With Fakes
Although there are plenty of fakes on the market, there are also plenty of resources that will educate you on fakes and how to spot the differences.
As a buyer, you can ask for detailed, tagged pictures and compare them to the numerous tutorials on YouTube or on sneaker forums that will give you a good idea of whether theyre authentic or not.
Also, if its a new release, only deal with people who include the receipt from the store that they purchased. That way youll know theyre real and also if its your intention to turn around and resell them, then you can prove to buyers theyre the real deal as well.
Another issue when dealing with fakes is selling authentic shoes but having the buyer try to claim that theyre fake. This can be solved by including a receipt as mentioned previously, or you can take detailed pictures as youre shipping to prove that you are in fact shipping authentic shoes.
Be sure to include tracking with signature required and insurance so the buyer also cannot claim that he or she never got the kicks.
Also Check: Arch Support Slip On Sneakers
Nike Air Max 1/97 Sean Wotherspoon
- Released: 2017
- Average sale price: $1,380 Check prices on StockX
Bstn.com
This hybrid Air Max 1 and Air Max 97 was a successful competition design from Sean Wotherspoon. Inspired by 1990s corduroy Nike hats, Wotherspoon created something joyous. A blissful kaleidoscope of coloured corduroy that frays as you wear it. Released on Air Max Day, it comes with changeable velcro patches for the tongue and a choice of three laces. Despite a more extensive release in 2018, the 1/97 proved so popular that the re-sale price only gets higher and higher.
So there you have it. Five beautiful trainers you could wear on your big day out at the bankruptcy court.
55
Womens Nike Dunk High University Gold
Just like the low model, this is also going to be limited. And profit margins are very promising, see chart below
The graph above gives you a breakdown of the average sale price of the shoe per day since November 22. Even though the shoe is trending down, I doubt that the price will go below $240. Prices will probably sit between $240 and $300 especially on smaller and medium sizes. Profit margins will be between $90 and $145
The chart above gives you the projected profit margins from the sizes with recorded sales. Obviously smaller and medium sizes are performing better.
Read Also: Boys Sneakers Size 13.5
Sacai X Kaws Blazer Low Neptune Blue
This shoe was a surprise, I had no idea that it was going to be fetching this much ROI.
The shoe is trending down but the graph gives you a breakdown of the average sale prices by day. Even though it is trending down, I think the lowest itll go is $220. Based on the linear equation , the price will drop to $126 but thats a model breakdown. I believe prices will be anywhere between $180-$230. Profit margins will be between $35 and $80.
Like I said earlier, the first chart gives you a breakdown of the average prices so it can be misleading at times. This is definitely a worthy shoe to look at. However I would pay a closer attention to its progress. Dont hold on to it, sell it right away.
Jordan 13 Retro Flint
When we covered this sneaker back in May, there was so much hype to the sneaker before release. The resale value was going through the roof as some pairs were being sold for even $500 when the retail value was $190.
One of our chief writers, Mohommed Yousaf, correctly evaluated the bubble in the market and advised that the actual resale value of the sneaker is likely to fluctuate around $250 when it releases. And as we can see in the Sales chart, thats exactly what has been happening ever since the Jordan 13 Retro Flint dropped on the 30th of May.
You May Like: Frye Women’s Leather Sneakers
