How much money can you make reselling shoes

how much money can you make reselling shoes

Forget about a college degree. This teen has made six figures reselling sneakers — and he doesn’t even have a high school diploma. Now a high school sophomore, he started reselling via Instagram when he was in eighth grade. Less than three years later, he says he’s made over six figures. High-profile celebrity releases and limited drops fuel the hype. Jake earned his capital by doing yard work around his neighborhood in California. But when his friend in school mentioned the investment value of Supremea streetwear shies with products that can resell for triple the original price, he decided to go for a «drop,» an event where the brand releases its latest items.

How To Get Ahead In The Sneaker Game And Make Some Serious Money

The first step is to educate yourself as much as possible on the sneaker market. Then go out and buy a pair of shoes you think are in high demand. It can be a new release or an older used model. Sell it for profit or, even to break even, just to get a feel for the market, the lingo, and the platforms like eBay, GOAT, and StockX that people use to buy and sell shoes. While much of this revenue is generated by the larger players such as StockX and KLEKT there is still plenty of room left for independent resellers to make a substantial income. You’ll also earn 2x points on all travel and dining spend, with zero foreign transaction fees. Learn More. Create your online store with Shopify using an exclusive discount for Side Hustle School listeners. Many Side Hustle School listeners are building sites using Shopify’s easy-to-learn platform. Try it free today! Get Started Here. Side Hustle School is for you! It’s really easy and it makes a difference! It also makes a huge difference when you tell your friends about the show.

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What It’s About

My name is Chris Casseday, and I am the founder of Kicks , an online sneaker shop that offers collectible athletic shoes at unrivaled prices. I founded Kicks in , but I have been selling sneakers online for over 21 years. The type of sneakers that are featured in the shop are ones that are in high demand, vintage, or bring feelings of nostalgia to my customers. Our typical customers are people that truly love sneakers. They place an emphasis on strategically adding new pairs to their collection, even though they probably have enough sneakers to last them their entire lifetime already. While sneaker collecting is not a new thing, within recent years it has become more mainstream, with athletes, celebrities, and Fortune companies jumping on board. Of course, social media is a huge amplifying factor as well. This added a layer of credibility that has resulted in me making new connections, easily obtaining new inventory with large profit potential, and much more.

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If you are into basketball and hip-hop or if you have experience in flipping items before, then you are already a step ahead of other beginners in the game. This keeps your initial investment low, allows you to learn the game, and your buyers are more likely to take a risk when their investment is low too. His story is an example to show that anyone can make a killing as an entrepreneur. The market dictates the price, and the only unfair price is the one that no one is buying. You can start your journey as an entrepreneur by selling sneakers online. All Rights Reserved. Show comments. It may be a good idea to start small when you buy and sell shoes. As mentioned earlier, you need to discern which among the buyers are trustworthy. And what seemed to be footwear that keeps your feet safe and warm serve a different purpose to other people. Thanks for a well written and informative post.

Also known as Benjamin Kickz and owner of the sneaker marketplace Sneaker Donhe started in the business at 13 in and made it big two years. And what seemed to be footwear that keeps your feet safe and warm serve a different purpose to other people. Do your research and find available shoes that you can purchase even before you have hod money to buy. Some police stations let you do meetups in the parking lot — if not, just head to ccan restaurant or cafe or anywhere public and well lit. Leave no stone unturned and make sure that you are honest in your description. Laura Lv 4. A quick search on eBay how much money can you make reselling shoes Air Jordan 12 yield these results:.

Somewhere along the evolution of the marketplace, people realized there was money to be made in buying limited-release sneakers and reselling them for more than the retail price.

But how do you get a piece of that pie? Most shoes would actually fetch less than retail at resell. But a select few will let you double or triple your investment.

So what determines the resale price of a shoe? Note that a shoe must possess BOTH of these qualities to be worth investing in.

Check blogs like Sneaker Bar Detroit or Sneaker News for release dates and information on release numbers. Now you know what shoes to choose. But then you have to know…. This means you show up to the store, present ID, and put your name in a hat. Raffles are a numbers game. Your strategy here is to enter as many as you possibly can to increase your chances of winning.

Your chances are a bit higher on a local raffle, but you might as well enter. Some stores with online raffles include:. That often means camping out before the store opens — sometimes for a couple of days. Not much to this one. Just show up before everybody. For limited releases, a given store might only receive pairs across all sizes. Trying to make your purchase on these sites at release time is next to impossible. Depending on who you know, and how the release is structured, you might be able to get a pair just by asking nicely.

Beats the hell out of waiting outside a Champs for 72 hours. OK, so you chose a hyped and rare release. You got lucky with the release and managed to cop a pair. Now — where the hell are you gonna sell it? Just remember that people legit get robbed over shoes, so how much money can you make reselling shoes meet in a safe space during the day.

Some police stations let you do meetups in the parking lot — if not, just head to a restaurant or cafe or anywhere public and well lit.

Find your local Facebook buy-and-sell group, check the posting rules, then get going. Auctions can get out of hand pretty quickly, and you might find some filthy rich buyer is willing to pay an absurd price to get the shoe before everybody.

Just know that their prices are often pretty high, so it might take a minute for your shoe to sell, and they also take a pretty significant cut of your sale price. So the pros are no headaches and no bullshit, but the cons are waiting and making less cash.

Be ready for lowballs, but there are a lot of dudes on here with cash in hand, ready to buy. Go forth into the world and make some cash while destroying the integrity of the sneaker game. Search AskMen Search. Messages You have no messages. Notifications You have no notifications. Show comments. Comments Share your opinion Your. Style Sneakers. Project Success. Grooming Fragrances Hair Shaving Skin.

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How To Resell Nike Outlet Sneakers ($5,000 Profit!)


All these stories start the same way: with a pair of sneakers purchased for uou retail price, and then flipped for a profit. They start this way because odds are you, or someone you know, has done this very thing, or will very soon. But those profits are also trickling downwards, where a cottage industry is resellinv, eager to reap the profits of sneaker reselling. Below are the group of maje you meet when you start flipping sneakers for profit.

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They are entrepreneurs who want gou make you rich, and just might succeed. But don’t mistake them for benevolent—teaching you how to flip a half-dozen pairs of Yeezys will make them phenomenally wealthy. Infor one beautiful week, he can find new pairs of the Jordan 3-inspired collaborative shoes every day. Cohen pays his friends to ride the train down to the shop at 2 a. With the head start, they are able to buy 10 pairs, all different colorways, and flip them for a large profit on eBay. Cohen, ever entrepreneurial, continues to sell sneakers through high school, and uses the money he makes to resellign him through college. He graduates and eventually starts working for Citigroup trading how much money can you make reselling shoes bonds. He and his wife pick up and move to Los Angeles without jobs. Cohen takes an interview with the VC fund Upfront Ventures, telling them about his lifelong rewelling for sneaker-based entrepreneurship Hold onthe monet say, did you say sneakers? Upfront, it just so happened, has recently made a strategic investment into a sneaker-resale company with a funny name: Goat. Today, three years later, Cohen is the VP of business development and strategy at Goat. Enough shoes that the platform claims it sells more Yeezys than Adidas—a fact that only makes sense when you figure that a pair of Yeezys might change hands a half-dozen times before coming to rest. A former Wall Streeter called in to advise cream-of-the-crop sneaker resellers?

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