How Much Can You Make Reselling Shoes
The short answer? Millions.
JV is a guy making six figures a year reselling shoes. He got his start flipping sneakers as a side gig while working retail. After 4 months in, he was clearing over $10,000 per month.
Hell teach you how to do the same thing he does, clear the big bucks, in his online course. If you add the code NICHEMONEY, you can get an extra 10% off.
Reselling shoes isnt a rare phenomenon. A quick look at Amazon and eBay will reveal you a secondhand pair of sneakers up for grabs for every brand new pair. The process of shoe selling is all too common that there are people who made reselling shoes a profitable full-time job.
However, there are only a handful of people who have built an empire as shoe resellers. Arguably the most successful sneaker reseller is Benjamin Kapelushnik. Also known as Benjamin Kickz and owner of the sneaker marketplace Sneaker Don, he started in the business at 13 in 2013 and made it big two years after.
He rose to fame as the shoe supplier to DJ Khaled who referred him to his friends in the music and entertainment industry. He made his first million in 2016 and had been reselling rare and expensive shoes and sneakers to high-ticket clients since then.
Sneaker collecting is a thing and for individuals who can get a good deal on rare or hard to find sneakers like a limited release commemorative pair of Nike Air Jordan 2 Just Don, the Nike SB Dunk, or others, it can be ridiculously profitable to be reselling sneakers.
People Really Do Buy Used Shoes
If you have any doubts, here are some stats from eBay about shoe sales to help convince you:
- eBay shows over 1 million completed sold listings in the shoe category, in used condition, in the last 30 days
- 60 percent of those sold listings are for women’s shoes
- Flats and oxfords account for the largest percentage of shoes by type
- Used Christian Louboutin heels have sold for over $5,000
Get A Toe Into This Online Marketplace
You can bet your boots on this one: plenty of people buy pre-loved shoes every day. Go online, take a look. Thousands of people sell their shoes. Sure, most are womens but theres a market for mens footwear too.
Ordinary flats and oxfords make up most of the shoes people list. Right now, a pair of Christian Louboutin heels is selling for $650 on eBay, despite being in a clearly pre-worn condition.
Contrary to what you might think, the bestsellers arent the killer 18 platform heels or collector-item sneakers worn by celebrities. Rather and this is how we know used shoes are the new crypto-currency for ordinary people like you and me the most consistent sellers are practical shoes. Yes, the type worn in their thousands on trains and planes. And in similar thousands, discarded as having no real value after the fact.
So, have a dig around your place. Your footwear doesnt have to be in mint condition and even the more worn out pairs might find a buyer. Read on and sell your shoes.
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What Shoe Brands Sell Well
If the shoe looks relatively comfortable, itll sell. The US-based eBay resellers suggest brands like Aetrex, Alegria, Aravon, Dr. Comfort, Drew, Finn Comfort, Rockport, SAS Tripad Sandals, Vionic as those to consider pricing a bit higher than you would otherwise have been tempted to.
If youre prepared to do your research, you can walk the extra mile to charity shops, bazaars and second hand markets. Buy in bulk. You can flip your bag of booties on eBay or Gumtree.
Just make sure that apart from the brand, you also consider the styles and colours in fashion at the time.
If you get into the shoe selling business, you might even want to try making money selling vintage footwear.
How To Sell Your Shoes
Set the price low but not too low. You want the Goldilocks effect of getting the starting price just right to fuel a bidding war. If youve got some high-quality merchandise , you may want to set a higher reserve price.
Keyword baiting make sure your product description matches the most popular search phrases .
Start a new account if youre a fan of the free listings that come with a new account, then perhaps start one. However, bear in mind that using new accounts all the time limits how much feedback you can get: after a while, it may be better to keep the same account and see your ratings rocket!
Include lots of pictures Show the shoes in as favourable a light as possible and include photos of any defects so that the buyer has no cause to complain. Make sure you check eBays rules for selling as theres a few .
Sell near and far Include the US in your market settings but set the postage at a reasonable rate for international shipping . Remember that return customers are very important to ensure a consistent demand if youre going to take this seriously. Be polite and use a friendly tone.
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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.
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.
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How To Determine If The Shoes Are Fake
The last thing you want to happen is for you to purchase fake shoes mistakenly. This is a problem that pervades in online marketplaces without a middleman like Amazon or eBay. If the price is too good for its good, then maybe its a 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 youre trying to buy is genuine or not:
Criteria to Determine if Shoes are Fakes
While these tips will help you avoid purchasing bogus shoes, its not foolproof that you will entirely avoid such purchases. Just make sure to ma careful and alert enough to keep these provisions in mind when buying.
How To Sell Your Sneakers Online: The Ultimate Beginner’s Guide
Not every sneakerhead is in the game for the same reasons. Some are in it for the nostalgia, still in love with the pairs they wore in their teens. Some are in it for the clout, addicted to posting their latest pickups on Instagram. Others, meanwhile, are in it for the profit, running their sneaker closet like a business.
Regardless of how you got into sneakers, these days it’s nearly impossible to keep up with all the shoes dropping every weekend. The reality is, eventually a time will come when youll feel the need to liquidate some of your stash, either to make way for new pairs, or simply because you feel its time to downsize the collection. In turn, sneaker-specific marketplaces such as Grailed, Klekt, StockX, and others have been on the up, connecting buyers and sellers around the world.
For those who are new to the hustle, heres a step-by-step guide to selling your sneakers online:
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Sneaker Reselling Tips From The Pros
Now that Google has made every thrift shop attendant into a sneaker aficionado, youre highly unlikely to find a pair of vintage Air Jordans in your local charity shop bargain bin. That means, for the novice reseller, new releases are your best bet.
Every other week theres a pair of shoes coming out which you can make £30-£50 on, Morrison says. Or you can buy several pairs, sit on them for a few months, and theyll probably be worth even more. If you want to make real money, though, youll have to put the effort in.
There are at least a handful of shoes throughout the year which will immediately go for 5-10 times the retail value of the shoe, and quite a lot more which will go for a 3-5 times markup. Those are usually the ones where you have to enter raffles, or camp out for the weekend. If you get your hands on them, though, its like winning a lottery ticket.
Stockx
Sam Kersh, aka , is one of Instagrams OG sneaker resellers, with over 150,000 followers so his advice is worth listening to. You can find rare sneakers in all sorts of ways: general releases, resellers, suppliers in the industry and friends events, he says. As for how he makes his living, its all about using the tools already at your disposal: I mostly use Instagram, eBay, and Facebook groups to sell stock, he says.
GOAT
How Does Stockx Check Sneaker Boxes
StockX checks the shoes and boxes before making a sale so that the buyer cannot get fake things. After identifying the things, they check the box to ensure authentication.
Condition of the box: First, they check the condition of the box. If the pair of shoes is from a reputable brand, they identify the official box. The authority also measures the condition of the box.
Level on the box: Every box must have a level on the box. The level is the identity of the pair of shoes inside the box.
Descriptions on the level: They spend a large amount of time checking the descriptions on the level. It should carry true information about the shoes including size, color, and origin.
Packaging condition: At the last stage, the authority pays attention to the packing system of the shoes. They ensure good packing so that the buyer can get the shoebox without damaging it.
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Can You Sell Used Shoes On Stockx: The Sales Of Deadstock Shoes
StockX is a remarkable platform for buying and selling things. It is different from online shops. StockX is a stock market of things. However, can you sell used shoes on StockX?
According to the rules and regulations of StockX, you cannot sell fake, used, and duplicate things in this stock market.
The authority of this stock market ensures quality and 100% authentic products. Thus, it has become a great stock market of things in 200 countries all over the world.
If you are a new online seller, you should follow the rules and fill up the requirements of StockX. Otherwise, you will be charged 15% of the shipping fees.
Go through the article and gather the necessary information to trade on StockX.
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.
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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.
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
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.
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Where To Sell Your Clothing And Shoes Online
Many prospective online sellers tend to consider StockX vs. eBay, two of the most popular online resale sites. Both platforms allow people to buy and sell high-demand items such as streetwear and sneakers, but they differ in user interface, audience, commission rates, and fees, to name a few. Thats why its important to choose the right resale website for selling your clothes and accessories online.
Whether youre paring down your closet to just the essentials, you need some extra cash, or youre making way for spring and summer style arrivals, weve rounded up the best places online to sell your clothing, footwear, and accessories. Check out our top picks below.
Quick Steps To Research Your Right Price:
- Search for the item you want to price
- On the search results page, scroll down on the left margin and tick sold listings and pre-owned
- Tick any of the other filters that apply
- Sort the results in highest to lowest to see the best price associated with the item
Completed listings are the best to look at on eBay during this process as an active listing doesnt reflect selling price just the asking price. This way youll see the factors that affected the sold item, such as if shipping was included or what time of year it was .
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Where Do You Buy These Shoes To Resell
I like to buy older models either through eBay or Facebook groups and sneaker conventions.
For new shoes, youll go directly to the brands website and either press your luck right on the release time or you can utilize a sneaker bot to greatly increase your chances of securing a pair at retail price.
There are also authorized retailers that stock desired shoes, like FootLocker or Eastbay, but its best to go with lesser-known sites like Mr. Porter and END to increase your odds of getting the shoes at retail.
Rules & Regulations For Sneakers:
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