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.
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.
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.
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What Are The Best Shoes To Sell Online
Most people think of womens footwear when they think of shoes to sell online, but thats only one option.
Beth Marbach started out selling 90% womens shoes and 10% mens shoes when “Sex and the City” was in full swing, and Carrie Bradshaw started a craze for womens shoes. But after that, Beth noticed the mens luxury market grew, and by the end she was selling 90% mens shoes and only 10% womens shoes.
Trends change, and its important to keep your finger on the pulse. Notice which shoes are selling well and stock up on those. Also, notice if the market is changing, and adjust what youre selling to fit. Its all about experimenting and finding whats most profitable for you as you go.
Heres a list of the main things to consider when deciding what shoes to sell:
Want To Get Rich Quick Reselling Sneakers These Guys Want To Help
All these stories start the same way: with a pair of sneakers purchased for the retail price, and then flipped for a profit. They start this way because odds are you, or someone you know, has done this very thing, or will very soon. And the odds are decent, too, that your path to that cash, or your brothers or your cousins, has resembled one of a handful of proven methods, whether it involves seed capital from the Bank of Dad or a little bit of gentle corporate hacking. Because as the secondary sneaker market has swelled to somewhere in the range of a $2 billion market with the potential to reach $6 billion by 2025, according to investment bank Cowen, its turned into a boondoggle for everyone involved.
The sneaker resale platform Goat acquired Flight Club last year and then received a $100 million investment from Foot Locker in February. StockX, where people can sell sneakers alongside watches and streetwear, is now valued at over $1 billion dollars. But those profits are also trickling downwards, where a cottage industry is forming, eager to reap the profits of sneaker reselling. Below are the group of people you meet when you start flipping sneakers for profit. They are entrepreneurs who want to make you rich, and just might succeed. But don’t mistake them for benevolentteaching you how to flip a half-dozen pairs of Yeezys will make them phenomenally wealthy, too.
Two AMNotfiy members show off their towering haul
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How To Resell Your Shoes
Theres no shortage of places to sell sneakers online. Secondary sneaker resale websites include:
- The RealReal
Old standbys like eBay and Amazon are other options to consider, especially if you already have experience selling on those sites. If youd rather not ship sneakers, you can resell shoes locally through secondary markets like Facebook Marketplace and Craigslist. Another option is to use social media channels like Instagram to list the sneakers you are selling.
One of the best things you can do to become a better reseller is to learn more about the sneaker industry. Sites like StockX show the market history of popular shoes. Use that information to follow trends and determine which shoes show more potential when it comes to resale.
You can also use that info to price your shoes. Look on resale sites to see how much particular shoes are selling for and price accordingly. Veteran reseller Jason Butler from My Money Chronicles relies on eBay when pricing shoes.
I check the eBay sold section and see what the average sale was, Butler says. From there, I come up with a similar price.
Creating a quality online listing also improves your chances of successfully reselling sneakers. Butler says to follow these four tips to create the best possible listings:
- Take good pictures
- If there are stains or tears on the fabric, list that information in the listing
- Don’t set your price too low
Is Becoming A Sneaker Reseller The Right Side Hustle For Me
If youre a self-driven entrepreneur, you can make good money selling sneakers. Possibly even enough money to replace your 9-to-5 income if you hustle hard enough.
If youre going to build a business, its easier to put in the work if its something youre passionate about. If you enjoy sneakers as a fashion statement or consider yourself a sneakerhead, this side hustle could be a particularly good fit.
It can also be ideal for those who might already know they enjoy collectible industries. Even if the product is different, the experience of the work is similar. Its that same thrill from searching for a great deal, getting your hands on it and then raking in the profit.
Brynne Conroy is a contributor to The Penny Hoarder.
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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
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.
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The Art Of Buying And Selling Sneakers On Ebay
The Australian sneaker scene changed forever in 1999 when heads Down Under were no longer geographically isolated from copping international sneaker heat. This was all thanks to the introduction of eBay, which in the 20-plus years since its arrival has enabled sneakerheads to hunt down Grails from Tokyo to Toongabbie! With nearly 12 million unique visitors to the site each month, many will already be familiar with the eBay platform, but here are some extra tips and tricks to become a baller buyer or PowerSeller in no time!
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How To Find The Best Shoes
To invest in sneakers, you first need to find shoes to sell. Shoes arent hard to find, but shoes that might sell for a profit are harder to come by.
You can purchase new shoes in retail stores or online. Some companies have even created mobile apps to manage releases of new shoes. Nike created the SNKRS app, which allows you to get information on upcoming releases and set up notifications when a sneaker sale drops. You can then purchase shoes directly through the mobile app. The Adidas CONFIRMED app offers a similar experience for fans of its shoes.
Unfortunately, buying sneakers through these mobile apps involves a lot of luck. The competition to purchase them first is fierce and often leaves many buyers empty-handed. Shoe retailers also utilize raffles and social media contests to determine who gets a chance to buy exclusive sneaker releases. Again, theres luck involved to land a spot in line to purchase exclusive sneakers. You can buy sneakers at secondary sneaker resale websites, but youll pay a premium, cutting into potential profits.
The good news is these arent the only places to look for sneakers to resell. Stores like TJ Maxx, Marshalls, and retail outlet stores often carry quality shoes at discounted prices. Also, check the clearance racks at department stores, shoe stores, and other retail locations. Thrift stores could be another option for finding hidden gems since people looking to turn old stuff into extra cash might not realize exactly what they own.
Navigating The Industry During The Pandemic
While slowdowns in shipping and supply chains caused some problems for the sneaker industry early on in the pandemic, the value of certain pairs, like the Air Force 1 and Air Jordan 1, has remained strong. Experts say that some pairs, like the Nike SB Dunk Low Travis Scotts or the Jordan 5 Retro High Off-Whites, will likely skyrocket in value after the pandemic. The CEOs of GOAT, Stadium Goods, and Bump all predicted that the sneaker resale market will continue to grow, and the proof is in the businesses. One teen entrepreneur that we spoke to said his business soared during the pandemic, bringing in close to $500,000 in sales during quarantine.
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What Investing In Sneakers Means
You may think shoes are a strange thing to invest in, but the sneaker resale market continues to grow by leaps and bounds. Research firm Cowen estimates that the global sneaker resale market will reach $30 billion by 2030. As of July 2020, sneaker resale accounted for more than $2 billion in North America alone.
Sneakers have long been a part of fashion and culture. But it wasnt until the 1980s when Michael Jordan and Nike partnered to sell his signature Air Jordan brand shoes that people saw sneakers as something to be coveted, collected, and sold. By 2009, sneaker enthusiasts had founded Sneaker Con, an event for buying, selling, and trading sneakers. Since its founding, Sneaker Con has hosted events in more than 40 cities around the world.
The growth of the sneaker resale industry was fueled by websites like eBay offering a way to sell beyond local markets. The past decade has also seen the rise of several secondary sneaker resale businesses. Online marketplace GOAT Group launched in 2015 and received a $100 million investment from retail giant Foot Locker in 2019. It also formed a partnership with high-end consignment shop Flight Club to provide online and retail options to consumers.
StockX is another company thats changed the landscape of sneaker resale. Touted as the first stock exchange for things, the online sneaker resale site processed more than $7.5 million in trades during 2020 alone.
- Adidas Yeezy Boost
- Hoka One One
- Nike Air Force 1
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.
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Invest In Speed & Efficiency
So, now that you know where to buy sneakers online, at what time, and you got the best sneaker news to back them up theres only one thing left to do get a sneaker bot care package. What?
Heres the thing. When you look up sus articles on how to buy sneakers online manually, theres a lot of talk about picking up some speed. Its a lot of homework to do, to be honest. They claim you gotta memorize the retailers website by heart. Then use a third-party app or something to autofill your information on the release. And, all the refreshing!
But the main thing they stress on is speed! Of course, they wont tell you that theyll actually be running a sneaker bot that does it all for you. A bot that fills in your information, sneaker size, hits multiple websites simultaneously, and cops sneakers in bulk.
When you buy sneakers online, the recipe for success is a wicked sneaker bot, a whole bunch of proxies, and the most savage server on the market. Use a sneaker bot to make your sneaker copping game so much faster and so much more efficient! Just make sure youve got the right one depending on your operating system!
Whats The Best Way To Resell Your Sneakers A Definitive Guide
Big money can be made if you land the right sneaker or sell a ton of pairs. But whats the best way to flip your inventory?
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? How long will it take to sell the sneakers or get paid? How will you get paid? How much effort do you need to put in on your end? Will anyone save you if you get scammed?
To break it down, here is a roundup of the most popular sites, stores, and ways to resell your shoes. We want you to be informed, so weve taken the who, what, where, when, and whys into consideration and presented it here so you can make up your own mind. Here are the pros and cons: