Choosing The Right Pair
Before you move to sell your old pair of Sneakers, there are some things that you need to consider. If you want to empty your closet or make room for more collections, you might be able to sell your used pairs for a small price. But if you want to make a bit of profit for your next purchase, you need to focus on your existing shoes quality, condition, model, etc.
Limited edition sneakers from top brands or collaborations can be sold at a higher price if they are in good conditions with little to no signs of wear. Make sure the sneakers you want to sell have at least some of these qualities. You will be able to sell them in no time.
That is not to say that any other Sneakers can not be resold, but it might not be as profitable. So be mindful about choosing the right pair of kicks to start your reselling journey.
Sneakers Sell Also Just Not As Much
Although not the largest segment of used shoes on eBay, sneakers and athletic shoes play a large part of the used shoe market. May sellers specialize in athletic shoes only, and this is a niche where you need to do your homework. Some brands and styles that can sell for high prices in used condition include:
- Asics gel running shoes can sell for over $100 used
- Hoka One One running shoes can sell for over $85 used
- Vintage Nike waffle running shoes can sell for over $200
- Adidas Ultra Boost shoes can sell for over $200 used
- Nike Air Max 90 Ultra running shoes can sell for over $175
- Nike VaporMax can sell for over $150
All prices are for used shoes, in good or excellent condition. If you have a teenage boy in the house, who outgrows shoes before they wear out, eBay can be a great place to both buy and sell his shoes. You can buy a great pair of expensive shoes with lots of wear left, and sell shoes your son has outgrown for a great price.
Can You Get Used Shoes On Stockx
You cannot get used shoes on StockX. It is a great platform for buying and selling things. Shoes are the most common thing in this stock market.
The verification and authentication process dont allow fake or used shoes in this market. You may hear that fake things sold on this platform are a myth. Actually, the authority is so strong that nobody can sell fake things.
However, you can get a bundle of deadstock B-grade shoes on this platform. The B-grades shoes are new and 100% legit. When a retailer cannot sell the stock of shoes, it sells the shoes in this stock market.
As a result, you can get B-grade shoes from reputed brands at a cheap price. It benefits both the buyers and sellers.
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Stockx For The Premium Unworn Sneakers
StockX is a little more intimidating, and you wont find beaters on here. This is where buyers search for the pair they couldnt get their hands on in retail, and hope someone is selling them. If you have a pair of unworn, tags on, in box sneakers, this is the place.
There are two ways to sell on StockX: you either list an Ask i.e. the price you are willing to sell for, and hope it matches a buyers Bid, or you can list as Sell Now, which is a non-negotiable number.
StockX charges a 3% processing fee, plus anywhere between 9.5-8% transaction fee depending on how many sneakers you have sold.
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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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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Adidas Human Race Nmd Pharrell X Chanel
The collaboration was done exclusively for Colette, a shop in Paris described by some as as the trendiest store in the world. It closed about a year-and-a-half ago, Morrison says. Now the price tag makes a little more sense. Sells for: £6,000-£10,000
Kanyes final collaboration with Nike is ludicrously in-demand. Its almost like people have forgotten he made them, because he moved to Adidas soon after, says Raichura. I actually sold a pair myself, for £6,000, which is crazy. Sells for: £4,500-£6,000
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Where To Sell Shoes For Cash Near You
In addition to online consignment shops, you might want to consider selling your shoes through local marketplaces. This can be a faster way to sell shoes, and you receive cash instantly instead of waiting for funds to transfer to your account.
Plus, theres no chance of you having to refund a customer because they didnt like the shoes.
Here are some of the best local places to sell shoes for cash.
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.
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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.
How To Sell Shoes On Stockx
Selling and buying in StockX is very easy. First, you have to create an account on the StockX official site. Here, you may create an account with your Gmail, Email, Facebook, and Apple ID. You have to confirm the pic codes from these IDs. You can choose any of them to create an account.
Next, you have to make a list of your things. Go to the search bar. In this case, write shoes. You should select the category of shoes, size, and level.
Then, you can upload photos of the pair of shoes although it is additional. You must put the details of the shoes for the verification and authentications process.
After that, you have to select a payment method with the currency. In the case of pricing, you can follow two ways. For direct sales, you can set a fixed price. Next, you can select the bids option. The bidding option is the most popular.
Finally, StockX requires you to send the shoes or things within two business days. You have to ensure the delivery of the products within two days. Then, the authorities will check your shoes. If they are actual and authentic regarding the invoice, they will pay you to your wallet.
Before making any deal, you should read the terms and conditions of this platform. Dont try to sell fake things otherwise the authority will charge you 15% as fees.
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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.
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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How Do You Deal With Fakes
Although there are plenty of fakes on the market, there are also plenty of resources that will educate you on fakes and how to spot the differences.
As a buyer, you can ask for detailed, tagged pictures and compare them to the numerous tutorials on YouTube or on sneaker forums that will give you a good idea of whether theyre authentic or not.
Also, if its a new release, only deal with people who include the receipt from the store that they purchased. That way youll know theyre real and also if its your intention to turn around and resell them, then you can prove to buyers theyre the real deal as well.
Another issue when dealing with fakes is selling authentic shoes but having the buyer try to claim that theyre fake. This can be solved by including a receipt as mentioned previously, or you can take detailed pictures as youre shipping to prove that you are in fact shipping authentic shoes.
Be sure to include tracking with signature required and insurance so the buyer also cannot claim that he or she never got the kicks.
Where And How To Buy And Sell Shoes
Now that you have the shoes, you must find the best channels where you can sell them to turn in a profit.
You can start by creating an account on a consignment shop like StockX to resell the shoes there. Both sites serve as middlemen between buyer and seller. Therefore, you deal directly with either website to sell your shoes. Send them the sneakers when youve chosen the highest bid, and they will take care of the rest.
Sites like StockX are convenient ways to sell your shoes and ensures buyers that they wont be duped by fake sneakers.
On the flipside, you dont get the personal touch from consignment stores that go with seller-to-buyer transactions. However, if youre not much of a salesman or a people person, then this shouldnt be a problem.
If you want the traditional way of reselling shoes, you can always go the way of Facebook Groups, Craigslist, and eBay. These sites allow you to put your personal touch on your pairs product page.
As a best practice, you need to be descriptive and detailed as possible about the sneakers. Leave no stone unturned and make sure that you are honest in your description. Assuming that youre a new seller, itll take time before buyers warm up to you. Therefore, you need to keep working on gaining the trust of buyers and continue marching forward.
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Best Places To Sell Your Shoes Online For Cash
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Want to sell shoes for cash? We’ll breakdown the best ways you can sell shoes online and make money for your used shoes.
The trick to finding places to sell your shoes is to put yourself in your customers shoes. I know, that such a cliché phrase, but you need to forecast the type of people you are selling to specifically. Young, newlywed mothers? Teenage male athletes?
Although you can sell basically anything online, shoes are one of the most versatile things to sell. You can sell on a seasonal basis if you clean your closet or go through a pile of shoes that no longer want. Or you can do it to make extra money by buying shoes to resell them for a profit. To get a bargain, you have to jump on designer offers or vintage shoes. In any event, if you have shoes for sale then you want top dollar for them.
This list below are some great places to start selling shoes for cash, but the more specific you get, the more success you will have.
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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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.