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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Discovering The Sneaker Aftermarket
Searching through eBay, I filtered strictly by price and not by brand name. I was searching for items that were selling for around $500-1000 that I could make a profit from.
To my surprise, in the $1000 realm, among the name-brand luxury bags and other obviously expensive items were a pair of Nikes.
It was February 2015 and the shoes were the Air Jordan 2 Just Don.
Little did I know that this discovery would open the door to my most profitable flipping venture yet, and the one that would match and replace my job income.
I saw that many pairs were selling for nearly $1000 with a lot of bidding action. After doing some research, I found that these shoes were available at retail at $350. Instantly I knew that I wanted to start selling shoes.
Not only did these mark the checkbox of an item that sold for $500-1000, it exceeded my profit goal of $100 per item: I could make over $500 per shoe I sold!
I would only have to sell one shoe per week to make my $500 per week goal, and I could even make $1,000 in a week if I sold 2 shoes maybe even $1,000 in a day.
Nicks Notes: eBay takes a 10% fee on each sale.
My mind started spinning and I became super driven to learn all that I could about the shoe reselling game.
After spending hours of research and using the little money that I had saved, I bought my first pair of shoes to resell. It was a pair of Jordans that I bought for $190. I sold them hours later for $300 an $80 profit after shipping and fees.
Final Thoughts On Where To Sell Your Shoes For Cash
As luck would have it, there are tons of Internet-based and local stores where to sell used shoes. More space for your new shoes and extra money is always a good idea. Its a win-win you cannot resist.
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Consignment For The Rare Pairs
There is also the consignment option if you have something really, really special. You get paid only if and when the item sells, and most retailers offer an 80/20 split. This is a far higher commission than the online platforms above, however, they do all the work for you, and the selling price will be closest to market value.
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How Long Will It Take To Sell My Wedding Dress
The time it will take to sell your wedding dress depends on various factors including the brand, style, size, and condition. Also, keep in mind that the popularity of the marketplace or store you select to use for your listing will play a role in how much traffic your dress gets and how quickly it sells.
On average, expect your dress to sell within 60 to 90 days of listing provided its a popular brand and style, in excellent condition, and no more than a couple of years old. Dresses that are an older style, not in good condition, or are a lower-demand size may take longer to sell.
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Two: Run A Sneaker Bot
The next step after getting your sneaker groove on is running a sneaker bot that you think will work best for you.
Copping Nike? Look for aNike bot or aFootsites bot most Jordan releases drop there as well. Freaking out about Yeezys? Youll need a bot that operates on Adidas andYeezy Supply both Demandware-hosted websites. Not to mention Shopify sites, if you want the full scope.
To explore your sneaker botting options and find your direction, check out the link below. It lists out the industrys top sneaker bot results. Also, it has all the information youll need to make up your mind and choose the right bot for you!
Get Started Reselling Shoes
The mechanics of making money in this niche are fairly simple, but that doesnt necessarily mean its easy. You cant come in with zero knowledge of the industry. To get started, youll need to learn about the product, how youll make money and how to anticipate overhead costs.
Heres how the sneaker resale market works in a nutshell:
Sneakers are released in limited quantities. As a sneaker reseller, you can purchase shoes brand new direct from retailers or manufacturers at retail prices. Like-new and gently-used shoes can be thrifted or purchased on any number of apps. You might also be able to use these apps to find a good deal from another reseller on whats known as the aftermarket.
After youve built your inventory, you sell your shoes directly to consumers at a markup.
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The Shoe Reselling Industry
Forbes estimates that the resale market for sneakers is estimated to be over $1 billion annually.
Nicks Notes: By carefully and expertly hyping each new product launch, the manufacturers cater to loyal fans and strategically never quite make enough to fully satisfy the demand. Its that constant shortfall on the supply side that fuels the resale market.
This is also trend that doesnt appear to be slowing anytime soon. That same Forbes article notes that the international sneaker market is up 40% since 2004.
Even though only an estimated 4% of sneakers end up being purchased for immediate resale, the market has attracted side hustlers and entrepreneurs. At the top of the heap, some resellers are moving more than $2 million in inventory a year.
Best Places To Sell Shoes For Cash
Looking for the best places to sell shoes online? Look no further than this article!
It contains a massive list of the best places you can sell your shoes online and offline.
If you have pairs of shoes that are still in good condition then consider selling them to make extra money!
You can sell them if you no longer need them or have too many.
Selling shoes for cash may not be easy if you lack marketing skills.
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SurveyJunkie. You can earn $5 to $50 per day. They have already paid million of dollars to their 10+ million members just for sharing their thoughts and opinions.
However, there are websites and local places you can approach to sell your shoes.
These places can help you sell your shoes for cash.
Whether you have new or pre-owned shoes, whether they are male, female, or kids shoes, or whether you have sandals, sneakers, or dress shoes, you can sell your shoes for cash!
Finding the best places to sell shoes for cash online or offline may not be that easy. If you are looking to find the best places to sell your shoes for cash, then this post should come in handy.
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Make Money Off Dirty Laundry
Name-brand sneakers are a great option if you love them. Many major brands can sell several hundred dollars per pair. Are you tired of wearing sneakers? You might be able to make a lot of money by selling your shoes online or in-person.
Here are some great places to start if youre looking to sell your sneakers for cash.
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!
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How To Pick A Reselling Platform
Choosing where to sell Yeezy Boost sneakers, or any limited hyped sneakers depends on many factors the transaction fees, authenticity check, and the platforms reputation. You dont wanna be selling your Yeezys on a shady-ass website Yeezys dont come cheap! Of course, once you start reselling, Yeezys will not seem so expensive anymore!
Resale prices tend to go up the ROOF, so no one wants to risk buying fake Yeezys. So, platforms providing legit checks are always a better place to buy and sell Yeezy Boost. Also, to maximize your profit, you should opt for a platform that cuts out a relatively small transaction fee. But, dont get too greedy! Instead, make sure you find the right balance a reliable platform with fair, reasonable fees. To learn more about the sneaker reselling industry as a whole, clickhere to find out more!
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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Tips For Selling Shoes
As you can see, there are a lot of apps, websites and places where you can sell your shoes for cash quickly and easily.
But to get the most money for your pair or pairs of shoes whether they are dress shoes, sneakers, designer shoes, tennis shoes or any other kind you need to do what the pros do.
You need to list the same shoe on multiple platforms. This has two benefits:More potential buyers will see your shoes for sale.
You end up selling them for the most cash!
So if you want to sell your shoes fast and for the highest price, use this tip.
Tips For Selling Sneakers For Cash
Before listing your shoes for sale, youll want to make sure they are clean and in as good a condition as possible. Take several good pictures of all angles of the shoes, including the bottoms which can give potential buyers a good idea of the level of wear. Youll also want to include all the important details such as the age, style, size, etc.
Before posting, youll also want to do your research on the individual places to sell sneakers for cash. Fees do vary from site to site, however earning some income from a sale is better than nothing if the shoes are collecting dust right now!
Most online selling platforms will help market the shoes on your behalf, but will charge you a transaction fee if they can link you with a willing buyer. Posting your listing is typically free, and you usually only pay after the sale is made, which is deducted from the selling price.
Ultimately, if youre cleaning out your closet and looking to sell some of your old shoes, the good news is that there are lots of places to sell sneakers for cash. Whether you sell your shoes locally via a consignment shop, on Facebook or on Craigslist, or promote them on a fashion app, selling used sneakers is easier than you think.
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Sell Shoes On Markeplace
- High user traffic over 187 million users
- No listing fees for small scale sellers
- Promote your listing from as little as 1%
- Quick processing time for payouts
eBay is a go-to place for many people when they want to sell used stuff.
In order to sell your shoes on eBay, just set up your eBay listing by uploading photos and filling product details.
You can get your earnings either via PayPal or direct deposit on your debit card.
Note that there is no fee when your item sells for $100 or more. However, youll be charged 10% of the sale if your item is worth less than $100.
Where To Sell Used Sneakers
If you want to free up some of your closet space while making a little extra cash, selling some of your old shoes might be a great way to do it. But reselling used sneakers can be a little challenging if you dont know all the right places and procedures to get the best value for your product.
Reselling or flipping Sneakers or shoes can be a little unusual but a very profitable side hustle if you know how to do it right. You can make upto thousands of dollars a month by reselling Sneakers with the help of online platforms like eBay, fight club, etc.
Keep on reading to learn all you need to know about reselling used Sneakers from choosing the right pairs to the best online marketplaces all in this article.
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Some Common And Costly Mistakes
Although I had done my research, I was still in over my head and had a lot to learn. After my biggest month, I made some preventable mistakes that nearly caused me to lose everything I had earned.
First, I ended up with some fakes and it was a mess trying to get my money back from the seller or PayPal.
Nicks Notes: As you might expect with shoes that sell for $1000, theres a thriving black market for counterfeit sneakers.
The other issue I ran into was with my PayPal account itself. They werent used to me taking in such large amounts of money per month, so PayPal put a hold on my money. Since I relied on reinvesting that income into more inventory, that hold took me several months to recover from.
I think I could have avoided that if Id warned them in advance that I would be taking in as much money in a month that I used to take in in a year, but then again I had no idea that I would make so much money so quickly!
Fortunately, I made a recovery and have gathered more knowledge than if it had been smooth sailing from the very start.
Potential Scams / Lack Of Customer Protection
Ive used Kixify for about 4 years now and it was legit for the transactions I had in the past. I eventually began using StockX more because they have a higher chance of having the shoes I want, despite the high prices. Because of StockXs high prices, I went back to Kixify to find a better deal & was scammed out of my money. I purchased a pair of AJ1s and the resellers order under my account denied me access to the order details and tracking information. I reached out to the reseller, who refused to give me the tracking information directly & I reached out to Kixifys customer service & never heard back from them. I no longer trust Kixify nor believe them to be a legitimate platform to buy and resell sneakers. Kixify says they offer customer protection, but in reality they dont. Its not like StockX where they authenticate the products before delivering them to you. Kixify has zero protection for their buyers against fraudulent resellers. If youre looking for a safe way to enjoy your hunt for DS shoes, dont use Kixify. StockX may be high, but you get what you pay for. Quality over quantity.
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