Sell A Lot Of Low Key Flips
As I mentioned before, you need to sell at the right time to maximize your profits. Unfortunately, hype sneakers normally dont drop on a daily basis. There is typically a two-week break in between drops. That means you are going to have downtime.
You will need to spend a lot of time searching for low key flips. If you are not looking to do this as a full time living then you wouldnt really have to do this. However, if you are looking to go full time then you are going to need a steady flow of income.
There are some really great low key flips that can make you $40 to $50 a flip. They are going to take longer in comparison to hype drops. But by having a lot of low key flips in your inventory it will keep you busy and earning.
Finding Low Key Flips
When you join a cook group, you will want to make sure that they have restock monitors. I have found some really great flips using these monitors. One example is a Fear of God sneaker that I made a couple of hundred dollars off of.
A good source of low key flips are used sneakers. Surprisingly, there is a market for used sneakers especially if they are almost deadstock. Some people may not have $500 to spend on a new sneaker but are willing to pay $300 for a like-new one.
Air Jordan 4 University Blue
- Retail Price: $225
- Release Date: Wednesday, April 28th, 2021
Another hyped sneaker thats set for the month of April, this Air Jordan 4 comes dressed in premium suede leather materials in an OG colorway.
Uppers consist of University Blue suede with mesh netting on the side panels and throats. OG tongues provide a retro feel while the classic grey cement design covers the midsoles.
Resale prices are currently around $620 but I expect a decline to $450 on the release date. A more detailed look at this sneaker is coming soon!
Air Jordan 4 Lightning
- Retail Price: $220
- Release Date: Saturday, August 28th, 2021
Originally released in 2006, the Air Jordan 4 Lightning makes a return this August so keep your wallets ready as itll likely be a very lucrative drop!
Uppers consist of vibrant yellow leather with yellow laces and what appears to be mesh netting along the throats and side panels. Black/white midsoles and black outsoles complete the design.
Although no data is available as of yet, I expect a resale value of around $500. The 2006 versions are currently selling for north of $1,800 so theres no telling just how profitable these might be.
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Places To Resell Sneakers For Profit
Inside every giant industry is a bunch of smaller ones. And inside the shoe and sneaker industry exists yet another one the business of reselling sneakers. The sneaker resale market alone is valued at over $2 billion dollars . And so, with a great amount of money comes a great amount of resources.
The sneaker market even has a subculture of its own with its own agenda. There are specific sites, apps, and places to resell sneakers for profit, including hundreds of tutorials, YouTube videos, and how-to guides from sneakerheads who’ve seen wild success from buying and selling shoes both on and offline.
But if there’s a market out there, that means there are competitors, too. While selling sneakers isn’t saturated per se, it is becoming more of a challenge to widen margins and lower costs because of seller’s savvy know-how and business tactics .
Nonetheless, there is still lots of money lying on the table when it comes to the sneaker resale market. Read on to learn about the best places to resell sneakers for profit!
- Fee: 9.5-14.5% + transaction fee
- Type: Marketplace + App
StockX is the go-to place online to resell deadstock sneakers, even though it’s outgrown itself and deals in categories other than shoes like trading cards, collectibles, and designer items. Nonetheless, its primary market is still geared toward buying and selling sneaker brands such as premium Air Jordans, Nike, Adidas, Yeezy, among dozens of others.
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.
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Dangers Of Sneaker Resale
Risk management is a key part of every successful business strategy. The sneaker resale risk factors are:
· Liquidity: Many strategies involve borrowing money to buy stock. Not being stuck with unsold gear when the loan is due requires careful capital management.
· Shrinkage: Sneakers are hot items, and they can walk out the door. Budget for insurance against loss in storage, transit, or mugging.
· Information: The sneaker biz is increasingly driven by data and tech. Getting unreliable release information of lagged price feeds will lead to price and acquisition strategy errors.
· Quality: If youre buying resold shoes for further resale, you open yourself to counterfeiting and damage. Buy from accredited sources, and request verification from sellers. Multi-angle shots of the shoes against current newspapers is one method.
· Competition: Hordes have been drawn to the business in the push for a quick buck. This makes it harder to get rare shoes. It also creates downward pressure on the margins.
· Regulation: Lawmakers have their eye on taming whats been a free-wheeling industry. Consumer protection concerns see resellers struggling to get the quantities they need, as retailers are compelled to reserve stock for end consumers.
Have A Plan For Storage
Shoes take up more space than other items you can start flipping. And its not like you can fold them up into nice piles like with T-shirts and pants. The shoebox is equally important when reselling shoes, so you must accommodate for stacks of shoeboxes. Also consider how you will organize different sizes, colors, and types.
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Tips For Buying Sneakers On Ebay
Still a leading platform for online purchase, eBay helps you like this:
- Quality Authentication: Take advantage of eBays product authentication program, which ensures you are against buying counterfeit items.
- Seller Feedback: Sellers have feedback ratings. If they have a reputation for burning buyers, youll see that here before you commit.
- Dont Bargain Hunt: Scammers try to lure prospects with bargain-basement pricing. Check against Stockx, and avoid discounted items on eBay.
- Work Your Nose: Learn common-sense rules for identifying scammers. They tend to have a signature, and noticing it upfront can save you cash and embarrassment.
- Plausibility Check: Apart from the item sold, check the sellers inventory for plausibility. Avoid sellers who seem to have lots of rare items in stock.
Can You Really Make Money Reselling Sneakers
The market for reselling sneakers is huge. As a result, its not unrealistic that you could make $1 million in your first year of selling online.
You can also make between $70-100 for average, good-quality sneakers.
There are many people who would like to get their hands on the latest sneakers without having to pay for them.
This is why reselling shoes has become so popular, because its an easy way to make money and save money at the same time!
But how much can you really earn?
There are different ways of doing this depending on your niche as well as what type of sneaker you decide to sell.
Some rare finds or premium sneakers may be worth up two hundred dollars or more per pair.
eBay is also a great place for used shoes, just ask my friend Beau who runs a successful shoe flipping business.
Here is one of his best ever flips he bought the shoes below for $2 and look what they sold for!
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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.
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.
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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:
How To Flip Shoes As A Beginner
The flipping sneaker business has provided a way for hustlers to create a new income stream. What appeared to be footwear designed to keep your feet safe and toasty serves a different purpose for flippers.
With the help of online platforms, the sneaker market has become more accessible to a broader range of people.
Back when the internet didnt exist, there was rivalry among the various communities in the market. People explored thrift stores and flea markets for shoes at a fraction of the retail price.
Others would dash to the nearest Foot Locker to purchase the most recent pair of footwear.
In other words, sneakerheads who resold shoes worked in seclusion from their communities.
At the beginning of sneaker culture, there was only so much distance and area you could scour. The sneaker market is what it is now because of that shared common experience among a select set of folks.
To be in the loop with the latest sneaker trends, visit Hypebeast and High Snobiety. Both are fashion websites that provide in-depth coverage of the culture for sneakerheads of all levels.
If you want to meet other sneakerheads, you should go to one of the many SneakerCon events.
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Stay Safe From Scammers And Worse
Be wary of people messaging you with a price too high for the item. This should set off the alarm bells. Typically, theyll offer to pay the larger amount on PayPal to avoid any eBay fees. If you send them your PayPal account details, youll get an official-looking email confirming the money has been sent but itll only be in the account after you ship the product. This is, of course, a lie. Youll never see that cash.
Keep a close eye on buyers with zero feedback on their accounts. Or if the positive feedback they do have is from accounts that are barely used thats fake accounts the buyer has set up to simply provide praise for their active account. Either way, rather be safe than sorry.
Never share your personal contact details or address. No-one needs to pick up the shoes from you in person. Just use eBays messaging system. And, if you ever feel uncomfortable, remember that you can report a buyers behaviour to eBay. Other sellers they approach in future may not be as cautious as you are.
Why Sell Shoes Online
There is one great reason to sell shoes online: Theres money in it. Dont believe me? Consider the case of Beth Marbach, who made $4 million when she switched from selling books to selling shoes.
Or how about Benjamin Kapelushnik, a 16-year-old who makes a killing selling sneakers. One woman even made a whole lot of money selling her old used shoes. There really is a market for everything if you know where to look and who wants to buy
Im not saying that everyone will make millions selling shoes online, but there is definitely a market here. The global footwear market is set to reach over 400 billion dollars by 2025 and consumers in the US alone are spending over $76 billion on shoes each year. Thats a big money-pie, so why not take a slice?
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How Much Can You Expect To Make As A Shoe Flipper
If youre determined to be successful, then the answer is millions. JV is a resale shoe salesman who earns six figures per year.
While working in retail, he began flipping sneakers as a side hustle. He was making over $10,000 per month after only four months.
There are, however, only a few persons who have made a fortune as shoe resellers. Benjamin Kapelushnik is arguably the most successful sneaker reseller.
He owns the sneaker marketplace, Sneaker Don. Benjamin began his career at the age of 13 in 2013 and rose to prominence two years later.
He rose to prominence as the shoe supplier for DJ Khaled, who recommended him to his entertainment industry contacts.
He made his first million in 2016. Since then, hes been reselling rare and pricey shoes and sneakers to high-end consumers.
Sneaker collecting is a thing. And for those who can score a good bargain on rare sneakers like the limited-edition Nike SB Dunk, reselling sneakers can be highly profitable.
Acquiring better sneakers to resell, maybe around $500 per pair, you can work your way up to more significant profits.
This is an excellent way to make money, and youll find out how to do it later. Take a look at eBay to see how much some of these shoes are selling for.
Enter Limited edition sneakers in the search box.
Some of those shoes are available for purchase for hundreds, sometimes thousands, of dollars.
What Skills Do I Need To Succeed In Starting A Sneaker Reseller Business
In order to start a sneaker reseller business, you will need to have a variety of skills.
You must be able to manage inventory and customer service, as well as come up with creative ideas for your brand.
In addition, being an entrepreneur requires understanding financials such as expenses, revenue, profit margins and other business know-how.
If you are interested in learning more about reselling shoes for profit, I have a few good resources for you:
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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.
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: