Best Shoes To Buy And Resell [Extra Quality]
StockX works as a middle man for sellers and customers, and the company authenticates all sneakers before selling them. In the world of sneakers, having authentic shoes is everything. But Stock X doesn't stop at authentication, the company also gives real-time stats on each sneaker, giving it a real stock market feel.
best shoes to buy and resell
University Blue colors on Air Jordan sneakers are a guaranteed hit for Jordan Brand and resellers alike. The 2019 UNC Obsidian resells for over $450, while the recent 2020 version is worth around $430 on StockX.
However, this isn't easy to do. 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 sneakers and expensive shoes to high-ticket clients ever since.
Sneaker collecting is very much a thing. And for individuals who can get a good deal on rare sneakers like a limited-released pair of Nike Air Jordan 2 Just Don or the Nike SB Dunk, the reselling sneaker business can be ridiculously profitable.
But keep in mind, unless you know someone like DJ Khaled, it will likely be impossible for you to make that much money in two years. But that doesn't mean you should stay out of the sneaker resale game, though! If you follow the process of flipping shoes, you can profit around $80-100 per pair for starters.
Reselling shoes are similar to the stock market. There are pairs of shoes that don't start out too hot but eventually accumulate value later on. Conversely, some sneakers generate lots of attention in the beginning only to fizzle out as time goes by.
To truly benefit from learning how to resell sneakers, you need to purchase products that are sold on the cheap but have lasting value in the long run (there are lots of marketplaces like Stadium Goods to help you find some gems). One way of doing so is by buying the sneaker on release day at retail prices, which is often where they are at their most affordable.
Creating an account on a consignment shop like StockX by Josh Luber is a good start. It serves as a middlemen between buyer and seller. Sneakerheads can bid or ask for shoes for resale. Therefore, you can buy and sell directly through the website.
If you want the traditional way of reselling shoes, you can always go the way of Facebook marketplace or Facebook Groups, Craigslist, and eBay. These all allow you to put your personal touch on your sales process.
A new pair of valuable sneakers can come far and few in between. To make money in reselling shoes, you need to find pairs sold under reseller price so you can profit off them. But how can you know how much a pair of shoes cost?
It's a good idea to start small when you buy and sell shoes. This keeps your initial investment low, allows you to learn the game. Plus your buyers will be more likely to take a risk when their investment is low too.
When it comes to your inventory, you may want to reinvest your earnings on another pair or pairs of shoes. Don't cash out early in the game just yet. Do your research and find available shoes that you can purchase even before you have the money to buy them.
There's a chance you will see shoes way below market reseller price and sell them more than 10x you bought for them. Between the AIO Bot, checking the price on StockX and buying/flipping on eBay, you can get started right now.
While these tips will help you avoid purchasing bogus shoes, it's not foolproof that you will entirely avoid such purchases. Just make sure to be careful and alert enough to keep these provisions in mind when buying.
Like all hustles, sneaker reselling attracts all kinds of self-interested characters. You need to discern which among your potential buyers are trustworthy. And you need to be very careful when sharing personal information.
Do you have a good bank-roll and plan on buying a large number of authentic sneakers before selling? Are you planning to buy shoes and then flip them quickly? You need to know how much space you have, have a plan for tracking inventory as well as expenses and profits, and manage your process.
Reselling shoes is a fun way to make money on the side, if not as a full-time income regardless of your age. If you are into sneakers or if you have experience in flipping items before, then you may seriously want to consider getting into this hustle.
Well. this is a brilliant piece of information.In today`s fast trending world, an individual and firm always looks for new ways to make money and this ideas of making miney with the old shoes by reselling it is very interesting and eyes catching. the history given can really boast the confidence to take this business on and to progress further,
I decided that, rather than dealing with speculating market forecasts (i.e. actually gambling), I should sell things that real people actually buy. And I was attracted to the idea of reselling as a hustle because there is no need to build a brand from the ground up.
Through my research though, I found that it was nearly impossible to make money reselling name brand luxury items. In fact, they were almost universally selling for less on eBay than they were in the store, even when they were on clearance.
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.
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.
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.
Another flipping business that might be worth exploring is simply buying clearance items locally, and reselling them for a profit on Amazon. This is known as Amazon FBA clearance arbitrage or retail arbitrage.
I dabbled in reselling shoes earlier this year and made some decent side money doing so before I called it quits due to issues with reliability and scalability. After reading this I have a couple of notes to add that may be helpful to anyone considering this.
3. This a research intensive side hustle that can be unpredictable in your ability to get inventory, see the value for a shoe (by the time you truly know its too late), and will often be more of a 1 or 2 shoes a month that you can get and are worthwhile.
Hey JV could you please give me some info on how to acquire shoes in bulk for my resell business? I have good luck scoring 1-2 pairs of each hyped shoe at drop price but cant seem to get much more (if any) than that. I would love to get some advice from someone like you who obviously knows the market well and has quite a bit more experience than myself. Thanks for writing such a great article to read!
Hey JV, could you please email me with some advice as well on how to acquire shoes in bulk? I have pretty good luck getting 1-2 pairs of the hyped shoes at drop price but cant seem to cop many more, if any more at all. I would love to hear some advice from someone like you with much more experience and knowledge. Thanks for writing such an awesome article to read!
Waasup man im trying to get into reselling shoes and need help on finding where to get shoes to resell and advice on how to go about it, the article was extremely informative and helpful. could you email me and give me more tips
Hey this is Tj, I have a couple questions about buying reselling shoes. I have a pretty good knowledge of shoes and which ones that has a higher resell value, for instance I just bought the off-white UNC 1s for $400.00 and I have a buyer that is wanting to pay over $1,000 for them. I am wanting to know about buying shoes in bulk and being able to make $5,000 a month or so buying and reselling shoes if you could email me at tjturner23@yahoo.com that would be great! Thanks.
And thank you for sharing about your experience. So I have a few questions of my own but first i am extremely aware of the shoe resell market growing up my God Dad used to take me to the warehouse and get the shoes in bulk and you can possibly get the shoes at a wholesale price or even some at retail. But as i am older i am trying to jump back in it and i know you talked about sneaker conventions like Sneaker-con and their events. But what i want to know is when you go to like a Sneaker-con are you able to get the shoes for the retail price or is all the shoes already being sold for resell prices there. The only reason i am asking is because this is something i am very passionate about and you need money to even start in this business and now that i have it i am ready to take the chances and the risks. I have never been to a shoe convention but i follow them a lot and i know there is one coming up march 20,2021 in Cleveland, Ohio and i am thinking about going to that one and the one in October in Arizona. But like i asked are you able to get the shoes at retail price or are they all resell price at the shoe convention. And lastly do you know if there is a minimum amount of money you can bring if so would you be willing to please message me back about that. And sorry i just thought of another question i see a lot of people buy some shoes in bulk at these events is there a minimum amount you have to buy. Thank you so much for all the information on this page and please if you can whenever you can get back to me please!
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