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How To Know The Resale Value Of Sneakers

Air Jordan 4 Lightning

How to Predict Sneaker Resell Value Like a Pro

In 2021, the Air Jordan 4 Lightning released and in 2022 they will go up in value. Jordan 4s are hot on the aftermarket right now, check the charts on StockX. Most Jordan 4s increase in value a few months after they release.

On top of that, the Air Jordan Lightning 4s are an OG colorway. It was nearly two decades since they were last released and buyers dont know when they might release again. People will want to secure multiple pairs and resellers who have those pairs in 2022 will make a nice profit.

Air Jordan 1 High Og Bred Patent

One of the most hype pairs of 2021 are the Bred Patent Jordan 1 High OG. These Jordan 1 Highs will definitely increase in value quickly during 2022. They will be one of the best pairs to buy.

Its because buyers really want to get their hands on these Bred Patent Jordan 1s. The regular Bred Jordan 1 Highs last released in 2016 and the Bred Patents are a good second place to the OG colorway.

If You’re Wanting To Get Into The Sneaker Resale Industry Here’s The Playbook To Making Bank

Back in 1984, Michael Jordan signed a contract with Nike for $250,000. Fast-forward 38 years and sneakers are now an $86 billion dollar industry and, according to Statista, $6 billion of that number is through sneaker resales.

It’s projected that by 2030, sneaker reselling will become a $30 billion dollar market. Savvy shoppers are making an absolute killing through shopping shoes and reselling at a higher value. So where do you start and which sneakers have a good resale value in 2022?

This article was created in partnership with eBay Australia. Shop, sell and invest in sneakers with eBay’s sneaker hub and authenticity guarantee so you can rest assured you’re buying the real deal.

Also Check: Which Medicare Plans Have Silver Sneakers

A Guide To Identifying Sneaker Resale Opportunities

Have you ever wondered why a certain sneaker resells for a higher price than the other? Why is the Air Jordan 1 silhouette so profitable? Why do the Yeezys resell so hard even though theyre not the best-looking sneaker out there? What makes a sneaker a profitable resale and what makes it a brick?

These are the sort of questions I ask myself whenever a new sneaker drop and its resale price is breaking through the ceiling. Why are consumers so willing to pay more than a thousand dollars for a sneaker whose original price is only a couple hundred bucks? Sure, you can say that there are a limited number of sneakers in production but what explains the fact that similar colorways of profitable sneakers dont fare as well.

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While the economics of Supply and Demand explains how the resale price is determined but what explains the Demand for a sneaker?

Why are we as humans so interested in certain sneakers more than others? Is it primarily because of the tinker bell effect the idea that something has value only because we believe it does?

In this article, I aim to understand and help you understand, what drives this resale market that is worth more than a billion dollars. Therefore, without further delay, lets get into the factors of a resale price.

Adidas Yeezy Foam Runner Mist & Stone Sage

You See Sneakers, These Guys See Hundreds Of Millions In Resale Profit ...
  • Retail Price: US$90
  • Release Date: 11 March 2022
  • Colourway: Mist & Stone Sage

While these are definitely an acquired taste, the adidas Yeezy Foam Runner in Mist & Stone Sage have become one of the most talked about trainers in the industry. These sneakers have seen a minimum 45% increase in resale value.

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Sneaker Reselling Tip #: Enlist An Expert

When you just want to know what your pair is worth from a real-life human, schedule some time with an expert . When it comes to pricing at TRR, we use real-time advanced algorithms for intelligent pricing thats derived from internal data and external market trends. Brand resale value, item condition and recency all factor in too. And with 17 million items sold, its safe to say were onto something. At a free expert valuation, though, you can ask our experts whats trending, how the sneaker resale value is holding up or what youd earn for selling upfront. The best part is we do everything for you, from picking up your kicks and seeking out the highest price the market will demand to photographing and listing them. Easy as that.

How To Resell Sneakers: Your Simple Guide To Big Profits Flipping Shoes

By Shane Dayton

When you buy something through one of the links on our site, we may earn an affiliate commission.

The process for how to resell sneakers is pretty simple. You find used or new sneakers with a high resale value. You then buy multiple pairs at a competitive price. And then seek out the best place to resell them to sneaker enthusiasts for a healthy profit.

Reselling sneakers can be a pretty great way to make money.

In this article, you’ll learn how to go about this. Plus you’ll learn important information like:

  • How much money is being exchanged between sneakerheads in this niche? And how much you can make if you dive in.
  • The most expensive and sought-after shoes and sneakers in the secondary market
  • How to find the best shoes to buy and where to sell them
  • The pitfalls of reselling shoes
  • Additional tips to help you make the most out of reselling shoes

Also Check: Trendy White Sneakers For Women

The Best Sneaker Resale Predictor

Six figure sneakerhead is the one and only accurate sneaker resale predictor on the internet. See how you can benefit from this in your reselling journey.

Unlike any other website, six figure sneakerhead not only provides a release guide but also a resale guide. What this means is that we go out of our way to cover all the latest drops and tell our readers whether theyre worth the resale or not, and if they are worth the resale then we also provide the readers with a price range.

Like stocks, sneakers can be accurately priced too. And we take pride in being one of the best. Our writers evaluate historical data of every shoe model in order to inform you about the resale value of upcoming drops.

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In this article, well cover how well we at six-figure sneakerhead have covered the drops in terms of resale value and accuracy. So sit back and enjoy.

How Much Money Can You Make Reselling Shoes

How To Resell Sneakers In 2021

The amount of money investors make by reselling sneakers varies greatly. Some individuals resell shoes just to supplement their income, whereas others have created businesses that become their full-time job. According to StockX, sneakers sell on its site at an average of 1.48 times their retail price. Whether this turns you a profit would depend on what you paid for the shoes as well as your business operating costs.

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Are You Ready For The Rigors Of Reselling Shoes

This post offers a great overview, but you will need additional information if you’re getting into the game of buying and selling sneakers.

You don’t want to start in this kinda business too naive to the processes.

Without a mentor, your chances of losing money and wasting time are higher since you’re competing with experts.

If you’re ready to learn how to become a successful sneaker reseller, you’ll want a mentor to speed up the process.

How Do You Start Sneaker Reselling

Not with your trusty Chuck Taylors, unfortunately. Or even your Balenciaga Triple S. If you want to get your head around the world of reselling sneakers, you need to know about limited releases thats when the big trainer companies only release a select number of their newest, most hyped sneakers .

Collectors know the biggest sneaker trends, join mailing lists, download apps and queue up at sneaker stores. Those who manage to blag themselves a pair will either keep them to wear, sell them immediately, or keep them in mint condition, often with an eye to selling at a later date when their value has increased exponentially.

The people who resell in-demand models immediately will often do so for a 200-300 per cent markup theyll buy them for £150-£200, and sell them for £400 or more. But then there are the resellers who hold onto or, if theyre lucky, come across an older limited release .

In this instance, fewer unworn pairs exist, meaning the resale price only goes up. Simple economics. These second-hand shoes will sell for more than second-hand cars.

GOAT

If all of that sounds like nonsense, heres some good news: you dont actually have to be a sneakerhead to make it big in the game. Shoes are seen as a commodity now, says Crepe City founder Ron Raichura. Youve got people who used to be ticket touts buying shoes, because the market is so big.

GOAT

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What Is Resale Value

Resale value is the price a sneaker can fetch if it were sold on the secondary market such as reseller platforms like Ebay, StockX, Stadium Goods, Carousell, and the like. Resale is in contrast to retail the price you pay when you buy the sneakers in stores.

Increasingly, the resale value of a sneaker plays a major role in sneakerheads decision-making process of whether or not to buy a pair of shoes. In our recent Straat Talk poll, 48% of respondents said they consider a sneakers potential resale value before buying.

In fact, 28% of respondents admit that they have been deterred from buying a pair of sneakers once they saw it had a low resale value.

How To Determine If The Shoes Are Fake

You See Sneakers, These Guys See Hundreds Of Millions In Resale Profit ...

The last thing you want is to buy fake shoes.

This is a problem that pervades online marketplaces without a middleman like Amazon or eBay.

Like most things in life, if the price is too good to be true, then it’s probably 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 you’re trying to buy is genuine or not:

Also Check: Keds X Kate Spade New York Triple Glitter Sneakers

Buying Low Selling High

The sneaker market is a lot like the stock market. You can buy something at a decent or low price, then hang onto it and wait until it increases in value.

Look for discounts on new sneakers that have special features or a rare, limited release. A good example is the popular YEEZY Adidas collaboration with Kanye West. The price for these shoes fluctuates, so if you can get them at a good price, theres a very good chance theyll sell for more later.

Watch the market like youd watch your stocks, and look for a new product that comes at a discount. If youre willing to put in the investment and hang onto them for a while, you stand to make a good deal of profit later at resale.

Keep an eye out for great deals on auction sites, local marketplace listings, and even at retailers that are going out of business. When you do your homework, you can find some amazing deals on new sneakers that will guarantee a decent return.

Keep in mind that not every pair of sneakers you buy will provide you with a profit. Make sure you do your homework and really research the current value as well as the demand so you know youre getting a good deal.

Certain sneakers are a hit, while others might flop. As a reseller, its up to you to learn which ones are worth the investment and which ones might not be a profitable venture for you to pursue.

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?

To get an idea of what is hot in streetwear, follow sneaker and fashion publishers like Hypebeast or High Snobiety.

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.

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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:

Cook Groups And Online Services:

How to Price Sneakers | Sneaker Reselling Tips

While they normally charge hefty membership fees, cook groups are exclusive forums that supply information for anyone looking to break into the multi-billion dollar market. They usually offer members access to botting services in addition to exclusive details related to drops. We got a look inside a couple of these groups, including Polar Chefs, a thriving cook group with over 400 members that was started by a teenager who employs 23 people to help him run the group. Cook groups are often run on Discord, a messaging platform that has become a hotbed for sneakerhead activity.

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What Is Sneaker Reselling

GOAT sneakers

It might seem like a stupid question, but sneaker reselling is far from simple. This is a rapidly growing global market that has been valued at over $1billion. If you have the right pair of sneakers, they could be worth anywhere up to $100,000. Its no wonder so many people are keen to get involved, but theres a lot to know if you want to be in with a chance of copping a pair of limited-edition kicks. Let alone reselling them at a large profit.

In a nutshell, sneaker reselling is all about buying low and selling high. The trick is knowing which releases are likely to command a significant price premium on the secondary market and targeting them with everything youve got. How do you know? That can only really be achieved through research and experience. Its a good idea to keep an eye on upcoming drops too. Websites like The Drop Date and Sneakernews are useful for this.

The Dior x Air Jordan can now fetch up to $10,000 on the resale market

There are sneaker releases every day, but its the ones with limited numbers that are likely to fetch the highest prices as they will sell out fastest. Brand collabs and rare colourways are some of the drops that tend to boast the highest resale value. Look at the recent Dior x Air Jordan collaboration, for example, which can now fetch up to $10,000 on the resale market.

How To Purchase And Sell Sneakers Can Make Your Investments More Enjoyable As Shoes Are A Popular Product

Fashion Add to Reading List

Sneakers aren’t only for the streets anymore they’re a fashion statement in their own right. The reselling of sneakers becomes a multibillion-dollar business. There are several ways to make money selling shoes, whether you’re a sneakerhead or just want to supplement your income. Reselling sneakers is an excellent way to make money, but there are a few factors to keep in mind.

Learn more about the shoe resale business and how to get started investing in sneakers by reading on.

How to get started!

Even though you may believe sneakers are an odd investment opportunity, the sneaker resale business is growing at an astronomical rate. According to the research firm Cowen, the worldwide resale market for sneakers will be $30 billion by 2030. In North America, the resale market for sneakers is expected to reach more than $2 billion by July 2020.

Sneakers have been a part of fashion and culture for a long time now. It wasn’t until the 1980s when Michael Jordan joined with Nike to promote his Air Jordan shoes that consumers began to see sneakers as a collectible, collectible item. An event for the purchase, sale, and exchange of sneakers, Sneaker Con, was established by sneaker aficionados in 2009. For more than a decade, Sneaker Con has held events across the globe.

Benefits of Buying Sneakers

How to Find the right shoes

Where to Resell your shoes?

Final Conclusion

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