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?
Does Goat Sell Fake Shoes
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GOAT is one of the most well-known and trusted platforms among sneakerheads. According to a Business Insider study, GOAT is one of the worlds biggest platforms for high-end shoes, with a market capitalization of $1.75 Billion. Here you can easily list any shoes and sell them with good value. You may now interrogate me on, does Goat sell fake shoes?
No. Sellers can put any shoes into GOATs marketplace. But shoes that you want to sell must first be verified by the companys image detecting AI. If the shoes are discovered replica or not as stated, they arent shipped, and customers will be refunded.;
Here are some selected things to keep in mind about GOAT before making your purchase. Everything is here for you to check out, from brand value to trustworthiness.
Well discuss the following:
- Does GOAT Sell Fake Shoes?
- How Does The GOAT System Work?
- How Does GOAT Verify The Authenticity Of Sneakers?
- Is GOAT a Trustworthy Sneaker Marketplace?
- What is Goats Shipping Policy?
- How Long Does It Take to Process The Delivery
- Does Goat Have Retail Locations?
- Does GOAT Allow Refunds And Exchanges?
- How Can You Tell If the Items Are Real?
- How to Cancel An Order at Goat?
What Is Goats Shipping Policy
Shipment costs are high and therefore are determined by a number of factors: shipping destination, items weight, value, customs and tariffs, and transportation rates.
GOAT, situated in the Culver City of California, charges $12 for domestic delivery to 48 contiguous United States as well as $15 for Alaska and Hawaii. Purchaser must spend the $25 shipping price for Insta Ship-labeled products for Next Day shipment.
Shipment is $30 to Canada, $25 to the Peoples Republic of China, and $40 to other international destinations. Multiple or large products may incur additional charges.
GOAT takes sales tax for taxable items sold to clients in specific countries and states and remits this to the appropriate taxation authority.
The rate of sales tax that applies is determined by the buyers address. Some states or countries include shipping costs in their sales taxes, while others do not.
If the dealer is from the Asia Pacific region, each item is verified and authenticated before being dispatched to the buyers from GOATs Hong Kong location.
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My First Profitable Flips: Starting With $1 T
At thrift stores, I could pick up t-shirts for $1 or $2 and sell them for about $10.
I was able to make money doing this, but it was nowhere near enough to reach my goal of matching the current paycheck.
At best, I was making a $10 profit for each item I sold, and at the peak was selling 5 items per week. Its good that I was making some money on the side pretty consistently, but I became hungry for more and started to brainstorm ideas.
How Does Stockx Define Deadstock Sneakers
Theres a lot of uncertainty when it comes to defining exactly what deadstock means. According to StockX, deadstock sneakers are those that are unworn and authentic. The deadstock sneakers will come complete with a box, the box lid, a label that will include details such as shoe size. The box could also include additional accessories such as laces. StockX still doesnt accept factory seconds on their website but there is a section for B-grades on their website.
As with any other sneaker inspection, you can expect some to pass without necessarily having laces, not tried to fit, and having a few manufacturing defects. Some of the imperfections are unavoidable but doesnt make the sneaker less appealing. It is worth noting that the deadstock sneaker should come in the original box if its to be accepted on StockX.
For older pairs of deadstock, some of the common complaints include discoloration, yellowing, and lack of structural integrity.
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Closely Inspect The Stockx Logo On The Authenticity Tag
Moving on, well analyse the X logo used by StockX. Since the higher quality replica StockX tag seems to replicate it virtually perfectly , we will not analyse that specific model.
Once again, the fake tag below is the most commonly found one.
Over here well note two main tells.
For starters, the fake StockX tag is missing the lines found at the intersection of the two oblique lines that the character is made up of.
Weve highlighted the small line found on the right side on the authentic tag, though the oblique line found on the left is missing as well.
As a second tell, well point out how the shape of the arrow found in the upper right corner of the X is different. Weve highlighted the difference up-close in a StockX tag legit check comparison below.
As you can see, the right side of the arrow is slightly different on the replica tag. A very minor detail but an observable one, nonetheless.
We will need to note that the authentic tag youve seen above is the most recent 2019 StockX tag fake vs real comparison.
Below weve attached a brief look at the previous very slightly different version.
Once again, the arrow is different and on top of that, only the oblique line found on the left side of the X intersection can be found on the authentic.
Needless to say, the counterfeit StockX tag misses that small detail. Yet again, font differences can be noticed here, as well as a variance in size for the dots.
What Does Stockx Mean When It Talks About Deadstock Sneakers
Theres much dispute about the precise definition of deadstock. StockX defines deadstock sneakers as those that have never been worn and are genuine.Deadstock sneakers will also include a box, a box lid, and a label with information about the shoes size.;
Additionally, the box may include other accessories like laces. StockX does not currently accept manufacturer seconds on their website. However, they do have a section for B-grades.
As with every other shoe check, some will pass without laces, without attempting to fit, and with a few manufacturing flaws. While some faults are unavoidable, they do not detract from the sneakers charm.;
Its important to note that- deadstock sneaker must be in its original packaging for StockX to accept it. Some of the more prevalent concerns about older sets of deadstock include discoloration, yellowing, and a lack of structural stability.
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Make Sure The Tag Is Always Attached To The Left Sneaker Never To The Right One
Even though not all fakes get this detail wrong, its worth adding this tell closer to the top of our list, since its an absolutely instant giveaway for a replica.
All StockX approved sneakers will come out of their warehouses with the tag attached to the left shoe.
In other words, any sneaker that comes with a StockX tag attached to the right shoe will, in 99.999% of the cases, probably be using a replica set of tags.
How To Spot A Fake Stockx Receipt
Yes, sadly fake StockX receipts are forged as well. However, theyre pretty easy to spot, since the authentic receipts are printed nowadays with a thermal printer.
In other words, think about a label printer, if youve ever seen one. It is exactly that technology that is used to print the receipts. Weve attached a poorly-forged receipt, compared to the genuine receipt that StockX puts in their shipments:
As you can see, the format is totally different. While scammers can get creative when it comes to forging, I doubt someone will go the extra mile to replicate the thermal printer receipt.
Nonetheless, lets have a quick look at some flaws found on the ingenuine paper.
Well start with the upper left corner: the address for StockXs headquarters is wrong, since theyre located number 1046 and the right postal code is 48226.
Besides that, StockX does not ship their shoes from their headquarters, as they have multiple warehouses across the globe.
Alongside with the tell weve just explained, there seems to be a hand signature this will never happen, as weve analysed above the card that comes with every StockX shipment.
Weve noticed how not only the signature is printed, but that it also has to be from a laminated material.
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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.
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.
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I Had A Positive Experience From Start
I had a positive experience from start to finish. I received my Nike 95 Air Up-Tempo tennis shoes 3 days after they were authenticated. They were delivered by Fed-Ex. The whole process took 7 days. I cant believe how nice these shoes are ! The comfort is awesome ! Its the only way to buy retro Nike products. I will buy again.
How Stockx Works: A Complete How
StockX April 2020 Buyers processing fee will be increased
StockX has just published its new regulations. From April 22nd, the processing fee for the buyer will be increased by 3%. That only affects the United States. In the UK, the fees are only increased by 1%.
But there is also a good reason for this, according to StockX. Not only does the sneaker community continue to grow every day, but the platforms also have a significantly higher effort due to the growing number of resellers. This increases investments in the platform, in customer service and in the verification process.
As already said, the 3% only affect the United States. We already pay a processing fee in the UK. Therefore it is only increased by 1% and this processing fee applies only to the final purchase amount. Shipping costs are not included in the fee.
Anyone who has already submitted a bid before the processing fee has been announced does not have to pay the 1% increase. The new regulation only applies from April 22nd.
There is also good news regarding shipping costs. On April 22nd, shipping costs will be reduced in most cases. The best thing to do is to look it up for yourself on April 22nd in the FAQ: How much does shipping cost for buyers?
Original article 19.02.2019
Lets jump straight to the important part:
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Can You Legally Resell Shoes
Usually, its legal to resell shoes that are purchased legitimately. Once you bought something with its ownership, you choose what you want to do with it. Producers have a little bit or no rights over the product anymore.
But, if you want to do business with reselling shoes, some issues can arise.; Lets see:
First Step One: Check The Front Text Of The Stockx Tag
- The very first thing you need to checkis that most of the fake coins inscriptions are chipped.
- The front text between the fake and real one is visibly different. The text on the authentic coin is solid and well build, but the fake one has scuffed, weak, and damaged text on it.
- And the space between the text on the long is very different. On the fake coin, the distance between the texts is more than the real one.
- The dots on the X logo side of the fake oneare significantly more prominent than the real one. And the fonts use on both are different.
- The word assembly on the fake one is kind of weird; you can find it even in your naked eye.
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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.
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.
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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.
But Dont Be Afraid To Buy At Resale
Retail-price shoes are incredibly hard to come by, meaning the most common trend among StockX resellers is trying to catch the moment on release day. Its probably easier odds to find a shoe thats in-demand, buy it on release day and then resell it later that year, than it is to get a raffle, Morrison says. I could probably name 10 shoes off the top of my head which, since December last year, are worth double what they cost at resale on release day.
Of course, theres no guarantee that a shoe will spike in value after release day, so Morrison advises picking up pairs that you wouldnt be averse to keeping for yourself.
A shoes value is all down to its level of hype, reflected in the StockX market trend. Like the actual stock market, this is difficult to predict. Its a really hard call, because not everything becomes hype, Sabir says. But, while you might take a loss, at the end of the day you can at least probably still sell a shoe for the price you bought it.
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Can You Get Used Shoes On Stockx
Many people wonder if StockX works like other online marketplaces, eBay, for example.
However, if youre looking to buy used shoes, StockX isnt the right place for you. Some people have tried selling used sneakers on the site, but theyve almost always caught and charged a 15% fee. Plus, those sellers might get banned on StockX.
Of course, there are going to be instances when the StockX authenticators didnt catch on to whatever flaws are on the item. In those situations, all you have to do is send an email to customer support and get the issue resolved.