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.
Selling On Goat Vs Stockx
As a sneaker reseller, you have many sales channels at your disposal. The two most popular platforms are Goat and StockX. Both platforms have different fees and tools that can help you maximize your profits. So this causes many new resellers to ask, Is it better to sell on Goat vs. StockX?
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.
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Does Stockx Sell Fake Bags
The handbags are guaranteed authentic by their specialists and if a seller sends a replica they will issue a refund to the buyer and charge the seller with a 15% penalty on the closing bid of the item. Whats different about StockX is that sellers are only allowed to post goods in Excellent Condition.
Goat Can Store Your Inventory
Goat offers what they call Goat Storage. This is where resellers can send their inventory for Goat to hold until they are sold. This ensures that customers receive the sneakers faster while giving you more space for inventory.
Ideally, this should only be used once you have enough inventory and sales to warrant it. You dont want Goat to be the exclusive platform where you sell your sneakers. Your goal should be to build your own brand so that you can sell directly through your own platform.
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Does Stockx Sell Fakes
StockX does not sell fakes. The verifying and authentication process of the platform does not allow the buyers to sell fake products. If you see the terms and conditions of this stock market, you will see strong authentication.
As it is a stock market of things, many types of buyers and sellers visit the site. Before placing any bids for buying anything, you should check out the products quality and invoice.
If the platform finds the product actually regarding the invoice, the seller will get paid and you will have the product. It is your responsibility to check the product and details accurately.
Disadvantages Of Selling On Stockx
High Seller Fees: Compared to other platforms, StockX does charge a high seller fee. This can be costly for small businesses, especially when youre just starting out as a reseller. While the fees do lower as you sell more, it is something to consider.
Low Bids: Low bids can lower the market value of the shoe and lead to smaller profit margins.
Shipping Fees: Because StockX uses different providers, the shipping fees can be higher than other platforms and may discourage buyers.
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The Correct Way To Package Shoes For Stockx
When youve successfully sold your shoes on StockX, its time to prepare them for shipping. StockX gives you two business days to take the package to the UPS, but you have to pack them first.
StockX is pretty specific about how they accept the shoes from sellers. And if the package doesnt meet their requirements, theyll send it back to you immediately and charge you the shipping fee.
Before we continue with the step-by-step instruction on how to properly package your shoes for StockX, keep in mind that you will need access to a printer. Once youre sure you can print out all the necessary forms, follow these steps:
Alternatively Ignore The Hype
If youre looking to buy rare and desirable shoes on StockX, get in line outside of the unaffordable recent releases, some of the most covetable styles on the platform reach truly astounding prices. Youve got the Yeezy Red Octobers, which go for several thousand pounds, Morrison says. The Chanel x Pharrell collaboration shoes go for between £5,000 and £10,000. The Nike SB Paris Dunks go for £10,000. And the Nike Air MAG self-lacing shoes from Back To The Future? They can go for £30,000.
If those numbers make you break out in a cold sweat, dont worry a buyer who doesnt care about hype can actually see a lot of success on StockX. Theres benefit in waiting until something goes cold, Morrison explains. I go through the website looking for old or interesting pairs that people arent thinking about, but that I know that Id love to wear and didnt get back then. Ive gotten so many great deals on truly iconic shoes, because theyve gone under-the-radar.
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Modifying A Shoes Condition On Stockx
If youre looking to sell a pair of shoes at home, StockX is a terrific place to start. The company is adamant about inspecting and authenticating each pair they get.
Consequently, this means that dealers must inspect shoes before sending them. Additionally, because StockX allows only deadstock sneakers, your assessment of the shoes condition must be 100% correct.
If youre selling them through StockX, they must be flawless. Well discuss what it implies in detail in this article and what to anticipate if you violate the StockX guidelines.
Check The Color Of The Tag
StockX tags come in a distinctive green color. And although this can be a tricky thing to notice, you can clearly spot the difference under the right lighting. The StockX green is close to grass green. That said, fake tags are seldom the same color. They tend to be mint green or even a darker shade of green. So make sure to check the color of the tag.
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Provides Insightful Sales Analytics And Trends
StockXs popularity is derived from its unique idea of offering a selling market that is similar to the Stock Exchange. The fact that they provide sales analytics helps make StockX not only be a great a resale platform but also a tool.
In fact, you can use those tools to sell on other platforms or in person. Many resellers and sneakerheads use StockX to gauge what is an acceptable price when selling face to face or even negotiating online. Like it or not, StockX is used as a guide for all other platforms.
How To Spot Fake Stockx Tag
Buying shoes online can be a risky business. You may end up paying full price for an item that looks authentic when, in fact, it isnt. Many sneakerheads have a great eye for noticing even the smallest fake details. But what if you arent that good at spotting knock-off sneakers? How can you know for sure that you received the real deal? Thats where the authenticators at StockX come to the rescue.
Once you purchase a product, you dont get it from the seller right away. Instead, it has to be authenticated by StockX first. If the product is deemed authentic and new, itll receive a unique green tag.
Its just that fake goods are rampant these days. Fake sneakers can look almost as good as the real deal, especially for those produced overseas and whose manufacture plans have been leaked such as any other factories would be able to churn out products with the same materials and specs. Moreover, shady sellers have even come up with fake StockX green tags. So, as a consumer, especially if youre looking for used shoes elsewhere, how can you tell? Try this
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Wheres The Best Place To Resell Shoes
Ive done most of my reselling on eBay, but it seems like apps like GOAT and StockX are picking up so Im selling on those more now as well.
Still, I love the feeling of doing in-person deals either through Craigslist, sneaker conventions, or Facebook/Twitter groups.
Obviously, selling in person requires extra precautions, but if you use common sense and deal with good people through networking, youll get the best prices from in person on the buying side because online sellers are paying for shipping and fees to the platform that theyre selling on.
Has Been Hacked Multiple Times
One con of selling on StockX is that you risk the potential of your personal and payment information being hacked. This has happened many times where people have seen charges for shoes that they didnt buy. This is because your payment information is saved to your account.
Supposedly StockX has taken steps to fix this problem. However, I still continue to see reports of people being hacked at the time of this writing. Recently, they added two-step authentication which is a big step to preventing information from being hacked. Time will tell if they have resolved the issue.
I recommend that you set up a bank account or credit card only for StockX. You should load it periodically but dont deposit your work income to this account. That way if you do get hacked it will be a big chunk of change.
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What Happens If You Disobey The Rules
StockX requires that the shoes you want to sell should be in perfect condition. That is assumed if you are using StockX to sell them. However, not everybody will take StockXs deadstock sneakers policy seriously, and some may attempt to send them used ones.
Return freight costs are high, but they nevertheless occur. Even if you take the time and effort to package your sneakers according to StockX requirements, they will reject if they dont meet their standards.
However, are there any risks associated with delivering a pair of shoes that are not deadstock? StockX claims that if you give them a couple of old shoes, they may take a service charge of up to 15%.
Additionally, and this is critical, StockX is under no legal responsibility to return an item that does not comply with their standards. They may even contact the authorities if someone attempts to send fake sneakers via their website.
Additionally, StockX may penalize sellers who do not ship their footwear on time or adequately package them. All of these procedures are taken to expedite the buyers delivery.
Third Step: Examine The Card With The Stockx Tag
You will find a card with The fake tag also. They will send you different types of cards at different times. Sometimes it will look like black and occasionally green. So I will detail both colors for you.
- Well, I didnt found very much difference between the green cards. Sometimes they come with bullet points , but I think it is okay. So there is not much to say about green cards. So I will move to the black cards.
- The StockX logo on the upper left side of the card, the color of the fake one, comes with a lighter shade of green you can say it as highlighter green, but the real one comes with grass green color.
- Then coming to the signature, the actual card has laminate material, but the fake card has a painted signature and StockX logo. So, it will be effortless to find out the fake and real StockX paperware for you.
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Applying The 10x Rule
Thinking back again to the successful commodity traders, I recognized the obvious fact that the reason that these traders became millionaires is because they were trading in large quantities of money.
I had also been watching the TV show Million Dollar Listing at the time, where real estate agents made as much money selling one house as the average American would earn in a year. They did basically the same amount of work as the typical real estate agent but made ten times more simply because they were selling houses that were ten times more.
I was selling $50-$100 items and making about $10 per sale and $50 per week, so I thought, why dont I sell items that are priced at $500-$1000 and make $100 per sale and $500 per week?
A similar amount of work for 10x the results.
I had saved some money and was ready to start flipping more expensive items but wasnt really sure where to start, so I searched for higher ticket items to sell. I knew luxury items were expensive, so I researched high end designer items and expensive watches.
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.
Every now and then, I would find a luxury item on deep clearance at the mall and see on eBay that I could make a profit, but that the margin would be too thin and the sale too slow to justify the upfront investment.
How Do You Sell On Stockx
First of all, you have to register on StockX. To do this, you simply have to visit their website. Afterwards, click on Sign Up on the upper right corner.
In the following menu, you can choose between registration with Facebook or Twitter, or the classic way, which is by name and email address. In this example, we chose the registration by name and email option.
After you have entered your name, you can then choose what you are interested in on StockX. Now, we have chosen only sneakers. If you also choose sneakers, then you will see a selection of sizes. Choose a shoe size, so you dont always have to enter it when buying shoes. It will then selected automatically.
Finally, press Sign Up and you are logged in.
Afterwards, you can change the displayed currency in the upper right corner. The default currency is US dollars, but you can also choose from Canadian dollars, pounds, or euros. If you choose euros, the displayed amounts will simply be converted to euros.
To sell, click on the red button next to the currency selection labeled Sell.
The next window will explain the process to you. First, you create an offer with a selling price for which you want to sell, for example, the sneaker. Then, you send the sneaker or whatever youre selling within 2 days to StockX. For this, you will get a shipping label from them.
Then, press the red I Understand button and you can choose the shoe you want to sell.
Next, we select US size 8 as it is one of the more expensive sizes.
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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.
How Does Stockx Work
The main thing to remember is that StockX essentially works as a middleman. They verify the authenticity of a product before it is sent to the buyer.
This is good because it saves buyers from seeing fake goods, and it works out for sellers too. Sellers gain access to a great resale market for sneakers based on trust.
Buying and selling on StockX is simple. For sellers, you will create a listing for your product. Similar to auction sites like eBay, you can either list a product for sale or set up an asking price for bidding. Buyers can browse through listings, enter bids or directly purchase sneakers and other collectibles.
Once a product is sold, youll ship the product to StockX to complete an authentication process before its sent to the buyer.
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