How To Get The Same Sneakers Resellers Get
As you can see, there are many places where a reseller can get their sneakers. It may seem overwhelming and confusing as to where to start sneaker reselling. The key is to know where to get the sneakers that will give you an advantage over other resellers.
There are some good websites like solelinks.com and sneakernews.com that will typically share where you can find sneakers on release day. However, I have found that these websites miss a lot of locations.
Ultimately, the best way to find out where sneakers are dropping is through a good cook group. There are a few good cook groups that actually have inside connections and information on where sneakers are being released. So while the hoards of people flood the well-known sites, you can easily cop from the stores that not many people know about.
Not only that, but good cook groups will provide restock monitors. This means you will be notified instantly if a hype sneaker that was sold out has restocked. These restocks typically happen when orders are canceled or returned.
Preset Your Shoe Size
In your Nike account, you can set your shoe size to automatically select the same size each time. This saves you time during a Nike SNKRS release because you dont have to pick your size. In addition to that, you should have your billing and delivery address already saved.
I advise that you have the size preset to the best sneaker size to resell for that shoe. And dont worry, you wont have to worry about bae sizes for Nike SNKRS releases.
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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Air Jordan 1 Low Chinese New Year
- Retail Price: $130
- Release Date: Sunday, January 31st, 2021
Chinese New year sneakers are always some of the best and it should come as no surprise that another one occupies a place on this list.
This Jordan 1 Low released for the Year of the Ox and is only limited to 8,500 pairs.
Dressed in black and red canvas materials, these sneakers are embellished with various Chinese graphics including depictions of an Ox.
Red lacing is strapped around the ankles with a hanging golden tassel for an added luxurious touch. Clean white midsoles and traditional red outsoles complete the look.
The average resale price is as high as expected at $540. Yielding decent profits for resellers of over $300 per pair.
Sneaker Reselling Tip #: Sell Jordan & Nike Classics
Jordan Retro 1 Chicago Sneakers Nike x Supreme Dunk Low Pro SB White Cement Sneakers Jordan 1 Retro Banned Sneakers
Before luxury houses adopted the sneaker trend and never looked back, two brands Nike and Jordan had established a dedicated following with their repertoire of classics. The styles theyre most known for are also the ones shoppers are avidly seeking .
Nike SB Dunks, Nike Dunk collaborations and original colorways, Jordan 1s, and Jordan sneakers in original colorways all consistently hold high resale value, with many selling above their retail price, notes Azarcon. Nike SB Dunks are one of the most coveted sneakers on the resale market, and Jordan 1 hype has been slowly building over the last ten years, reaching an all-time high in 2021. Some of this demand can be attributed to ESPNs The Last Dance docuseries. After the series premiered, Jordan sneaker resale value increased 48% from the first half of 2020 to the second, the most of any sneaker brand at TRR.
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How To Invest On Otis
The Otis staff acquires assets, has them securitized with the U.S. Securities and Exchange Commission, and broken into shares. Securitizing is the process of turning an asset into a financial instrument to be bought and sold in financial markets. New assets are added each week. Otis members can buy shares of assets, and then they can sell shares to other members as well.
A daily clearing price is determined for the cost of the shares. This is a mutually agreed-upon price between a seller and buyer . When an Otis member places a bid, theyll enter the maximum price per share they are willing to pay and the number of shares. As long as this bid is at or above the clearing price, the purchase will be executed.
If the asset is liquidated, Otis keeps 10% of the profits, and the remainder is distributed to shareholders accordingly. Otis also charges an upfront sourcing fee between 0-10% that is included in your initial purchase of shares. Currently, Otis doesnt charge management or transaction fees for its investing services.
To open an Otis account, you must be 18 years of age or older and a U.S. citizen or resident. Youll also need a bank account to transfer money to your Otis cash account. Otis is open to both accredited and non-accredited investors.
Tips To Become A Sneaker Reseller
There are several ways to make a living as a sneaker reseller, but only a few tips have a high chance of success. See what works for you and improve over time. Here are tips on how to become a sneaker reseller:
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Conduct extensive research
If you want to build your brand as a sneaker reseller, you need to have a solid knowledge base to know the kind of shoes to buy and resell. As much as new models emerge every other day, old classics still hold an important part in history. The older models present highly lucrative options for pre-owned or even unworn older models that are unique and that collectors covet. Researching on how to start the venture can help you to make the right choices and identify opportunities that can help you avoid flops.
If you do research, you will be able to know the kind of opportunities to seize to make a lucrative deal. Do a thorough analysis and try the business with one pair of shoes and sell on one platform. It doesnt matter if it is a new release or a used one although you need to be careful so as not to get the fakes. Start with something and continue to make it a habit and youll organically grow.
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Choose the right sneakers for reselling
If you want to benefit from the flipping sneakers business truly, you need to purchase shoes that are sold cheaply but have a lasting value in the long run. One way to do so is to buy the sneakers on release day at retail prices, which is where they are at their most affordable.
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The Comfortable And Durable High Sellers Of 2020
Theres a huge market for practical, comfortable, and durable shoes. Good shoes can ensure that you can continue with an active lifestyle of traveling, exercising, working a part-time job, or whatever activity you desire.
These shoes maybe found on sites like Sheepbuy, eBay, and Etsy, at affordable rates.
Here are the highest sellers
- Eccos: This is a supportive and well-padded shoe for men who work on hard floors standing all day and suffer from heel pain and plantar fasciitis. The cushioning and arch support offered by this pair of shoes absorb shock and prevent heel pain and foot pain.
- Josef Siebel: They started in 1886 in a small German village. Its philosophy is of premium quality in materials, the best craft, and comfort. These standards make it famous as The European Comfort Shoe.
- New Balance: Theyve got high-quality features like premium support, cushioned midsoles, and multi-directional rubber outsoles for traction. An added appeal is that theyre unique, stylish, and adaptable for everyday life.
- Naot: It is an Israeli shoe and sandal manufacturer. It opened in 1942, started as a small kibbutz factory producing work boots. Their products include a variety of shoes and sandals for men, women, and children with special insoles that conform to the shape of the wearers foot.
Wheres The Best Place To Resell Shoes
Ive done most of my reselling on eBay, but it seems like apps like GOAT and StockX are picking up so Im selling on those more now as well.
Still, I love the feeling of doing in-person deals either through Craigslist, sneaker conventions, or Facebook/Twitter groups.
Obviously, selling in person requires extra precautions, but if you use common sense and deal with good people through networking, youll get the best prices from in person on the buying side because online sellers are paying for shipping and fees to the platform that theyre selling on.
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The Cons Of Reselling Shoes
As a hustler, you need to be aware of the potential problems you will be facing with every venture you undertake. And as profitable as reselling shoes can be, it also has another side of the coin that you need to know before diving deep into the sneaker business.
Below are some of the more pressing issues:
Cons to Consider when Reselling Sneakers
The Amount Of Supply Affects The Resale Value
To determine the best shoe size to resell you have to first consider the most common sizes that people wear. Along with that you need to consider the supply available for certain sizes. When there is high hype and low supply then prices will be extremely profitable and will sell quickly.
There are a few ways that you can find out how much inventory will be available. One way is to follow and read sneakers news sites like sneakernews.com that will sometimes share this information. Make sure that you are following reputable sites.
Another way you can find out how much inventory is available is by checking out the store websites for those releases. You can compare the available sizes among the sites that you visit. You will notice that some stores wont have certain sizes available. You can use this information to formulate a good prediction of available inventory.
Finally, we are going to talk about this a little more later, but a lot of cook groups are able to provide you information on sneaker inventory. These cook groups can use store API information and leaked information. I have seen actual store lists showing the exact number of pairs that will be available for each site.
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Sneaker Reselling Tips From The Pros
Now that Google has made every thrift shop attendant into a sneaker aficionado, youre highly unlikely to find a pair of vintage Air Jordans in your local charity shop bargain bin. That means, for the novice reseller, new releases are your best bet.
Every other week theres a pair of shoes coming out which you can make £30-£50 on, Morrison says. Or you can buy several pairs, sit on them for a few months, and theyll probably be worth even more. If you want to make real money, though, youll have to put the effort in.
There are at least a handful of shoes throughout the year which will immediately go for 5-10 times the retail value of the shoe, and quite a lot more which will go for a 3-5 times markup. Those are usually the ones where you have to enter raffles, or camp out for the weekend. If you get your hands on them, though, its like winning a lottery ticket.
Stockx
Sam Kersh, aka , is one of Instagrams OG sneaker resellers, with over 150,000 followers so his advice is worth listening to. You can find rare sneakers in all sorts of ways: general releases, resellers, suppliers in the industry and friends events, he says. As for how he makes his living, its all about using the tools already at your disposal: I mostly use Instagram, eBay, and Facebook groups to sell stock, he says.
GOAT
Reselling Shoes: How I Make $10000 A Month Flipping Sneakers
This post may contain affiliate links. Please read my disclosure for more info.
This contribution comes from JV Ortiz, who found side hustle success in the world of buying and selling sneakers. Hes been at this business for two years and actually quit his job to pursue this venture full-time.
JV lives in Brooklyn, New York and when hes not out hunting for shoe deals you can find him running, surfing, and working on self development.
At his site, SixFigureSneakerhead.com, hes written a 100-page guide on how to break into the sneaker flipping game. You can use code SIDEHUSTLENATION to take 40% off.
Take it away, JV!
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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.
Crepe City
Sneaker Resale As A Market And Comparable Goods
Sneaker resale is an interesting case study because its pretty unique: there are actually very few comparable consumer goods that command such high prices on an aftermarket. You might be thinking about art, vintage cars, and antiques, but these are all fundamentally different than sneakers: their supply is finite, and their scarcity is natural. These kinds of goods are naturally scarce time passes and car models change, artists only produce what they produce, and antiques are time dependent but sneakers follow a different model, and an unpredictable one at that.
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Average Price Over Time On Stockx: Nike X Off
You can see a pretty clear pattern here. Before release, people tend to pay higher than retail prices: they come down for the first month after the drop, level out for another month or two, and then climb back to early hype levels over time. If you look closely, it sort of resembles that Swoosh, and thats why we call it the Swoosh curve. .
This kind of pattern holds remarkably well for what wed call hyped releases, but not for your typical run of the mill pair of Nike or Adidas. For example, the less-hyped Ultraboost 4.0 Triple White doesnt follow much of a pattern at all:
Sneaker Reselling Tip #: Clean Your Kicks
Now that you know what to flip how can you maximize your earnings further? If youre a clean freak who never lets a speck of dust settle onto your kicks, youre in luck: clean sneakers translate to a higher list price in the secondary market, and a higher commission for you when its all said and done. But theres more to sneaker upkeep than just swiping the soles across your doormat.
Be smart about when and where youre wearing your sneakers, says Azarcon. Sneakers are meant to be worn of course, but this does not mean wear them hiking, in the rain or to a music festival, especially if you want to resell them one day. A light wipe-down of your sneakers soles with a wet cloth after every wear is your best bet to remove light dirt that builds up over time. The more proactive you are with cleaning, the less heavy-duty cleaning youll have to do down the line.
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Nike Sean Wotherspoon Air Max 1/97
The price seems to be going up week by week, Raichura says. Last summer they were selling for £400, now theyre selling for over £800. I think its because everyone was expecting to have a re-released this month, which hasnt happened. Sells for: £600-£900
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How To Invest In Sneakers
Last updated May 13, 2021| By Kevin Payne
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Sneakers aren’t just streetwear anymore. Sneaker resale has become a multibillion-dollar industry. Whether youre a sneaker enthusiast or just looking to earn some extra income, selling shoes could be a way to earn money. But there are some important things you need to know about the resale business if you want to start investing in sneakers.
Keep reading to learn more about the shoe resale business and how you can get started investing in sneakers.
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