Yes You Heard Us Right
Im about to catch some heat for this one.Im going to show you how to resell sneakers, and how to make money doing it.This is one of those times that Im glad I write under a pseudonym .If you ask any die-hard sneakerhead, anyone whos been in the game for more than 5 years, whats the worst thing to ever happen to the sneaker community, theyd all have the same answer:Resellers.Somewhere along the evolution of the marketplace, people realised there was money to be made in buying limited-release sneakers and reselling them for more than the retail price.And were not talking a couple of bucks here, either–some shoes resell for 2 to 3 times the retail price.Even the most casual sneaker fan probably has an idea of the money to be made reselling Yeezys. For example: a shoe that retails at Rs.15,000 can go for as much as Rs. 45,000! Talk about margins–thats better than selling weed, by a long shot.So we know theres money out there in sneakers. But how do you get a piece of that pie?There are a few things youll need to know before you start raking in cash from shoes.Lets get it:
Selling In Person Ways To Stay Safe
Sellers are required to meet in public, well lit locations.
The best place is a restaurant or cafe because its private and people cant steal your shoes.
Its also important to remember that someone has the opportunity to rob you so make sure youre meeting at a safe location during day time hours.
Find an FB group about sneakers and post the price of your shoes for sale theremake sure they allow buying and selling!
Best Places To Buy & Sell Sneakers
The best places to buy and sell sneakers are often on the same platforms. These marketplaces and sites typically use a middle man service so your purchase or transaction is more secure. While this is an added benefit of using such sites, know that they also charge processing fees.
There are many places to resell sneakers online but the most popular are:
- Stadium Goods
- Flight Club Consignment
Some marketplaces even have their own app, like the Kixify app where you can buy and resell shoes from fellow sneakerheads around the world. The app currently has over 100K downloads and is fairly well-rated among users.
Note: Beware of scams and fake shoes. Make sure to research before committing to one marketplace over the other. Ask yourself questions like is Stadium Goods legit? What about Sole Supremacy? Even places like eBay can’t guarantee 100% authentic transactions. So be diligent and keep your eye out for red flags.
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The Rise Of Sneakerhead Culture
The term for people who collect, trade, and specialize in sneakers and their lore is sneakerheads, and they largely drive this shoe economy.
Celebrity shoe endorsements are nothing new. Converse sneakers were introduced in 1917, but it wasnt until five years later, when they partnered with the legendary basketball player Chuck Taylor, that the shoes began their journey to becoming a classic. The name Chuck Taylor is now more synonymous with shoes than basketball.
That early collaboration set the standard for sneaker culture that endures today and doesnt show any signs of slowing down. Limited edition releases of celebrity-branded sneakers have continued to spur on a market where buy low, sell high has resulted in some resellers earning six figures a year from sneakers alone.
Start Keeping Tabs On Sneaker Blogs
First, make sure you follow some of the trendiest websites so you dont miss out on release dates.
- HYPEBEAST. An online website for mens contemporary streetwear to high-end fashion based in Hong-Kong. HYPEBEAST mainly focuses on mens footwear latest releases with brands like Adidas, Nike, Jordan Brand, YEEZY, New Balance, Vans, ASICS, Visvim, PUMA and Rebook.
- HighSnobiety. A blog covering street wear fashion, art and music based in Berlin. HighSnobiety offers more in depth articles, detailed sneakers collaborations and the newest releases.
- KicksOnFire. One of the largest website for sneakerheads and the second most downloaded sneaker app in the world after Nike SNKRS. Its main focus is the latest sneakers release dates. Its website gives a release calendar and even a price guide.
- Complex. A media platform covering news in style, sports, music, entertainment and sneakers. Their sneaker column discusses the latest sneaker trends, whats being worn by rappers and athletes and release dates.
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How Do You Manage Inventory
The short answer is I dont I try and sell each pair as quickly as I buy them!
When selling shoes, it can be easy to amass a bulky collection that you have to keep somewhere. To avoid that, I focus on brand new releases or shoes that are really hot classics I know will sell quickly.
This strategy translated into less headache and hassle storing and tracking the inventory, and also let me turn my cash over to reinvest in the next flip faster.
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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Guide To Reselling Sneakers For Profit
Reselling hype sneakers has become all of the hype now. There has been news that has been published that talk about the billions of dollars that are made from the sneaker industry. As a result of that, you may be interested in learning how to resell sneakers for profit. So I figured that I would give you some tips that I have learned so far.
Summary: How To Make Money Reselling Shoes
You can make money in the shoe reselling business. Whether you can make it a career change or a side hustle will significantly depend on how much time and energy you are willing to put into it.
Always look to sell popular brands, which you can find at thrift stores, outlet malls, or stores like T.J. Maxx.
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Best Apps For Reselling Sneakersstockx
Known as The Stock Market for Sneakers, StockX has only been around for about 5 years yet has raised hundreds of millions of dollars in funding and now valued at over $1 billion.
First timers have endless fascination awaiting them on the website.
Red and green tickers appear scrolling across the bottom just like on CNBC, but the prices represent individual sneakers and their brands.Each shoe will reveal its individual price chart and premium, which can sometimes be as high as 1000%, or 10x above retailand sometimes even more than that!Not only is StockX.com good for price research, the site can be used to sell sneakers on.
However, most diehard sneakerheads are hesitant to buy or even sell on StockX.
The next app is a much more reliable sales platform with better reputation among the community.
How To Actually Get The Shoes In The First Place
Of course, a rare shoe that carries value on the resale market cant be purchased just by waltzing into a Footlocker. There are a few different ways to get your hands on a pair, but remember that if they were easy to get then thered be no point in getting em. Catch 23 . Raffles For extremely hyped releases like the Yeezy or certain Jordan shoes, a lot of retailers are just doing raffles to be able to purchase the shoe. This means you show up to the store, present ID, and put your name in a hat. If your name is pulled, theyll call you, and you can go down and buy the shoe. Raffles are a numbers game. Your strategy here is to enter as many as you possibly can to increase your chances of winning. Theres in-store raffles, which are limited to your local area, and there are global online raffles where you usually have to follow an Instagram account or something. Your chances are a bit higher on a local raffle, but you might as well enter both.
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Selling Sneakers For Cash And In Person
A great thing about the sneaker resale market is that it is fairly liquid and established across the entire world.
If you live near a city, its highly likely that your local shoe market is more active than you would think it is.
Doing business in person allows you to establish more personal relationships with the option to deal in cash, which some buyers and sellers prefer.
Here are a few places you can resell sneakers for cash:
Are You Ready For The Rigors Of Selling Used Shoes
This post offers a great overview, but you will need more if youre getting into the game of buying and selling sneakers. If you want to learn from the true expert and get much more depth for how to make this business work for you, you dont need to start as a newbie.
Without a mentor, your chances of losing money and wasting time are higher since youre competing with the experts.
If youre ready to learn how to become a sneaker reseller, youre going to want a mentor to speed up the process.
How to Learn More About Reselling Shoes
I recommend taking a look at the Six Figure SneakerHead HypeMaster Playbook Here.
Use coupon code NICHEMONEY for an extra 10% off.
Reselling shoes is a fun way to make money as a part-time job, if not as a full-time one, and regardless of your age. If you are into basketball and hip-hop or if you have experience in flipping items before, then you are already a step ahead of other beginners in the game.
If youre looking for other ways to make some money, look at buying and selling concert tickets.
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How To Buy & Sell The Most Expensive And Sought
Ever since the 70s, there are only two brands that mattered to most sneakerheads: Nike and Adidas.
Both brands have produced lines of sneakers and shoes for athletes and artists. Some of those lines have withstood time and exponentially increased their value since their release. Some brands have made waves and are poised to make one . However, if youre in the sneaker industry, you cant go wrong with these two brands.
Below are some of the more popular expensive shoes in the market pioneered by the two brands:
Most Popular Expensive Shoes to Resell
As mentioned, there are other up-and-comer brands with pairs of sneakers worth looking into. Thanks to Stephen Curry, Under Armours stock is rising. And while Big Baller Brand built their brand around hype , the $500 pair of kicks theyre selling is interesting to say very least.
That being said, when youre starting out with flipping sneakers and learning about the resale market for popular sneakers, you should stick with the most popular brands.
In the beginning, learning about the sneaker resale market, secondary markets, and spotting fake sneakers will take up plenty of time and energy. You dont need to be speculating until you get your sneaker game up to snuff!
Making Up To $100000/year Reselling Shoes Is Not Impossible
When you resell sneakers, your profit will vary based on four factors:
If you go at this side hustle full time, you can make anywhere from $50,000 $100,000/year. With zero initial client base, you can expect to be at the lower end of that range the first year.
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Find And Resell Shoes On Apps Like Goat And Stockx
One of the easiest ways to build inventory is to shop aftermarket apps. On the aftermarket, youll find shoes from other resellers. These sneakers have already been purchased once. Youll be at least the second owner.
Lets take a closer look at both StockX and GOAT to give you an idea how these apps work.
How To Make $500 Per Month Selling Shoes Cash Part Time
Not everyone wants to be or has the time to be a six figure reseller. Even an extra $500 a month can be life changing for some people. Heres how to achieve that very realistic goal.
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It is absolutely possible to make a really good living selling sneakers, but most people cant or wont dedicate the time or effort to do so. If youre happy with your current job and would just like a fun way to cover a car payment or student loans, selling sneakers like Jordans or Yeezys for cash is a great way to make money and you can absolutely have a good time doing it.
The opportunity is right in front of you .
Obviously, a lot of people arent reselling sneakers like Jordans and Yeezys for money simply because they are unaware of the opportunity.
Reading this article is putting you in the realm of being aware of the opportunity, that you can make anywhere from $50 to $500 and even $5,000 per month selling sneakers. Its up to you to either act on this opportunity or ignore it.
If youd like to act on it and want to start out part time to test out the opportunity, this article will go over the basics of what it takes to begin this exciting hustle.
Obsession is key
Firstly, if you want to make big money selling sneakers, you need to be obsessed. Selling sneakers full time requires you to be absolutely obsessed with it 24/7 because money never sleeps.
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What Is The Best Way To Deal With Shipping Costs
Shipping costs are part of the money issues to consider when you want to start reselling, you should also factor in the costs when you are fixing a selling price except you prefer your customers to pay for shipping outside your product charges.
Shipping costs are usually calculated based on the weight or size of the item, the destination, and the speed of the carrier vessel. The cheapest domestic shipping option is UPS Ground, but the fastest alternative is UPS or FedEx. The cheapest international shipping option is USPS, but the best and fastest international shipping option is DHL.
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.
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.
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