Are You Ready For The Rigors Of Selling Used Shoes
This post offers a great overview, but you will need more if youre getting into the game of buying and selling sneakers. If you want to learn from the true expert and get much more depth for how to make this business work for you, you dont need to start as a newbie.
Without a mentor, your chances of losing money and wasting time are higher since youre competing with the experts.
If youre ready to learn how to become a sneaker reseller, youre going to want a mentor to speed up the process.
How to Learn More About Reselling Shoes
I recommend taking a look at the Six Figure SneakerHead HypeMaster Playbook Here.
Use coupon code NICHEMONEY for an extra 10% off.
Reselling shoes is a fun way to make money as a part-time job, if not as a full-time one, and regardless of your age. 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.
If youre looking for other ways to make some money, look at buying and selling concert tickets.
How To Find Enter & Win Sneaker Raffles
So now you know what sneaker raffles are, how they work, and their varying types. But, how do you go about finding and organizing all of the different storesâ raffles for each sneaker release? You donât we do. Sole Retriever takes care of the hard work in order to craft the ultimate destination for sneaker fanatics like yourself. Were the true, one-stop shop for helping you secure Wâs on the hottest drops. Our team digs up and organizes all of the raffles & releases for each of the latest sneaker launches, making it super easy for you! Organized, intuitive, and feature-filled, Sole Retriever is truly an essential for every sneakerhead. Hereâs how it works.
Become A Member Of Juiced Io
For any manual user who wants to start reselling, becoming a member of Juiced IO is going to be your best bet.
Not only will you receive access to information about how to find hyped shoes in-store and online but youll receive it daily. From alerts telling you to head to retailers immediately for restocks to giveaways and backdoors, Juiced IO has it all.
Members also receive information about sports cards, collectibles, vinyl, tech, and so much more. Not only will you immediately become a better sneaker reseller by joining Juiced IO, youll also make more money reselling in general.
If youre still interested in sneaker botting then you can rent free bots on a weekly basis from the group. That way, you still wont have to spend money to try out sneaker botting and see if you like it.
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Do I Need A License To Run A Raffle
If you are running a raffle where tickets are not sold before the event, it falls under the terms of an incidental lottery. As such, you will not require a licence or any specific permissions. The draw may take place after the event, but you should establish a way for ticket holders to find out who has won.
How Does The Raffle Work
Update: Please note that we are currently not accepting PayPal as a payment method, however, this is subject to change.
You can enter the draw for any of our advertised releases by selecting your size and entering your customer information. You will then have a chance to fill in your shipping details and select your preferred payment method.
Please check all details are correct before entering as we are unable to edit sizes or address information. Upon ticking our terms and conditions box you are agreeing to the full terms of the raffle, when you enter the raffle for these, a future payment is authorized on PayPal/Your bank. We have not taken any money from you. Any money that appears to have gone from your bank account will currently be sitting as pending. You will then be automatically entered into our draw. Please note: Entries cannot be amended and can only be cancelled within an hour from the time you entered.
We aim to notify customers within 3 hours of the draw end. Please note: The draw end time is subject to change at any time at HANON’s discretion.
If your raffle order states PAID this means you have been successful, If it states VOIDED this means you have been unsuccessful.
If you are unsuccessful your entry will expire and your funds will be released back to you by your bank/PayPal. Please note: this may take 3-7 working days and depends on how fast PayPal or your bank processes it.
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How Do Sneaker Bots Affect Your Business
Using bots to buy and resell sneakers is a perfect example of rent-seeking behavior. Thats economist talk for profit-seeking without social valuein a word, leeching.
But sneaker bots are more than just a nuisance. When you sell a Â£140 pair of Travis Scott Air Jordans that middlemen then resell for 10-20 times retail price, your business loses out in several ways.
Do Raffles Need A License
If you are running a raffle where tickets are not sold before the event, it falls under the terms of an incidental lottery. As such, you will not require a licence or any specific permissions. However, you must adhere to the following rules: All tickets must be sold at the location during the event.
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What Styles Are Up For Raffle In
Air Jordan 1 Retro High OG Patina
The Air Jordan 1 Retro High OG “Patina” is familiar but always fresh and remastered for today’s sneakerhead culture. This Retro High OG version goes all-in with full-grain leather, comfortable cushioning and classic design details. The only chance at copping these is entering the in-store raffle.
Is Snkrs Draw Random
Nike conducts a random selection of the entriesparticipants are notified via email if they are selected or not selected within 24 hours. If selected in the drawing, your payment method will automatically be charged the price of the shoe and youll receive an order confirmation email with your purchase details.
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Everything You Need To Know About Preventing Sneaker Bots
Sneaker bots plague releases. But what can retailers do? How did we get here? Will legislation fix things? How do sneaker raffles remove bots from the equation? Are there other options? These are the questions well deal with in this blog.
If youre a sneaker retailer, you know bots are a huge problem in the $42 billion sneaker business.
According to Impervas 2020 Bad Bot report over 18% of traffic to ecommerce sites comes from bad bots.
But sneakerheads know that in their world, bots dominate the game. On hyped releases, close to 100% of traffic comes from bots, according to Akamais director of threat research.
Limited-edition releases and high-profile collaborations generate so much demand that an entire resale industry has emerged.
Sneakers become assets, just like stocks or artwork. If you visited StockXwhat the New York Times called A Nasdaq for Sneakerheadsyoud be forgiven for thinking you were looking at shares of Nike stock, not a resale site for Nike sneakers.
Where the money and hype are, bots follow.
Bad bots are bad for business. They erode the trust sneakerheads have in your brand. They sever the connection with genuine customers who could return to buy and evangelize your brand. And they create overwhelming traffic that can crash your site, losing sales on products across the board.
Why Leave It All To Luck
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How Do Nike Draws Work
. Also, how long do Nike draws take?
When the launch goes live, the icon changes from Notify me to Enter Draw.Nike will provide a countdown clock showing anywhere from 20 minutes to an hour to hit the reserve icon. If you haven’t saved your sizing and payment info, you will be asked to provide that. You may only enter a reserve draw once.
how do you win a raffle on Snkrs app? Download Nike’s SNKRS App, and create your Nike+ account. Make sure you have push notifications enabled, and every now and then you’ll get notified that there’s a draw for a limited shoe that is probably worth money on the aftermarket, whether your intention is to collect or sell. Over time, you will win a release.
Thereof, how do you join the Nike raffle?
waiting for you to purchase in person on launch day.
Does Nike restock shoes?
We don’t have a set schedule to restock itemswe refill our inventory as soon as stock is available, so check back frequently for updates. You can also reach out to @Nikestore on Twitter or chat with our Nike Experts on Demand in the Nike app and we can help hunt down the item you want.
How Have Sneaker Bots Evolved
Sneaker bots seriously kicked off in 2012 with the release of the Air Jordan Doernbecher 9.
Nike chose to release the shoe via Twitter. Shoppers could reserve the shoe by being first to direct message the company.
Quickly, people created bots to scour Twitters API and DM Nike after any tweets with terms like reserve now or Doernbecher. With these bots you could send hundreds of DMs in a tenth of a second, says one botmaker.
Humans didnt stand a chance.
At the same time, ecommerce platforms like Shopify appeared, making it easier to sell products online without technical expertise. With the Nike Twitter releases and increased online sneaker sales, botmakers began developing more advanced bots.
Originally, botmakers would sell their sneaker bots to shoppers who paid a premium to improve their chances of snagging sneakers. Whole sub-Reddit threads like /sneakerbots and /shoebots are dedicated to sharing knowledge on how to use bots to score a pair of kicks.
But then the botmakers realized: why sell a one-time product if they can charge a fee for every sneaker release and run the bots themselves?
And so the Add to Cart services were born. Sneakerheads go to a botmakers website, enter their order and payment information, and wait for the bot to do its dirty work. If successful, the sneakerhead pays a fee to the Add to Cart service for the bot-purchased sneakers.
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How People Get Multiple Pairs Of Rare Shoes On Release Day
You probably get upset and jealous when you see all the people on Instagram flexing their 4-5 pairs of rare kicks when you couldnt even get just one. Dont hate, educate. Learn how they do it in this post.
You see walls of kicks: multiple pairs from sneaker plugs all over Instagram, on Facebook, eBay.
Success! Now check your email to confirm your subscription.
People standing in front of a wall of shoes, all on the release dayso
How Does Footlocker Raffles Work
Instead of entering sweepstakes like before, customers can log in and select the upcoming shoe they want, their size, and up to three different Foot Locker, Champs Sports or Footaction locations in their area. From there, a countdown clock begins while the app sorts through all of the entries for a certain sneaker.
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What To Do If Your Subscribed Directly On Snkrss Website
Heres how to cancel your Snkrs subscription when billed through a payments provider that is not the Appstore, Playstore or Paypal.
Sometimes, you may start a subscription directly on a companys website without using an extra layer of security like Paypal or Apple. To unsubscribe, you might have to sign into Snkrs: Shoe Raffle, Streetwears website or directly reach out to the payments provider.
Generally, here are two steps you can take if you find yourself in that fix:
Where And How To Buy And Sell Shoes
Now that you have the shoes, you must find the best channels where you can sell them to turn in a profit.
You can start by creating an account on a consignment shop like StockX to resell the shoes there. Both sites serve as middlemen between buyer and seller. Therefore, you deal directly with either website to sell your shoes. Send them the sneakers when youve chosen the highest bid, and they will take care of the rest.
Sites like StockX are convenient ways to sell your shoes and ensures buyers that they wont be duped by fake sneakers.
On the flipside, you dont get the personal touch from consignment stores that go with seller-to-buyer transactions. However, if youre not much of a salesman or a people person, then this shouldnt be a problem.
If you want the traditional way of reselling shoes, you can always go the way of Facebook Groups, Craigslist, and eBay. These sites allow you to put your personal touch on your pairs product page.
As a best practice, you need to be descriptive and detailed as possible about the sneakers. Leave no stone unturned and make sure that you are honest in your description. Assuming that youre a new seller, itll take time before buyers warm up to you. Therefore, you need to keep working on gaining the trust of buyers and continue marching forward.
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Choosing The Right Release
Before you buy a shoe to resell, you need to make sure itll actually have value on the secondary market. 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? Two factors: Note that a shoe must possess BOTH of these qualities to be worth investing in. One isnt enough. If a shoe is hyped but not rare, anyone can get their hands on a pair for retail and you wont make any money. If a shoe is rare but not hyped, nobody can get their hands on a pair, but nobody cares and you wont make any money. Ive got a pair of Pumas that were limited to 400 pairs worldwide, which makes them more rare than any adidas Yeezy, but I cant even get the retail price for em. But when a pair is both rare and hyped, youre in the sweet spot. Check local Facebook buy-and-sell groups if you see people asking Are there lineups for X shoe? or what will resell be like on these? chances are theres money to be made. Check blogs like Sneaker Bar Detroit or Sneaker News for release dates and information on release numbers. This will give you an idea of the rarity, and if you checked local Facebook groups and forums, youll know what the hype is like too. Now you know what shoes to choose. But then you have to know
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How To Buy & Sell The Most Expensive And Sought
Ever since the 70s, there are only two brands that mattered to most sneakerheads: Nike and Adidas.
Both brands have produced lines of sneakers and shoes for athletes and artists. Some of those lines have withstood time and exponentially increased their value since their release. Some brands have made waves and are poised to make one . However, if youre in the sneaker industry, you cant go wrong with these two brands.
Below are some of the more popular expensive shoes in the market pioneered by the two brands:
Most Popular Expensive Shoes to Resell
As mentioned, there are other up-and-comer brands with pairs of sneakers worth looking into. Thanks to Stephen Curry, Under Armours stock is rising. And while Big Baller Brand built their brand around hype , the $500 pair of kicks theyre selling is interesting to say very least.
That being said, when youre starting out with flipping sneakers and learning about the resale market for popular sneakers, you should stick with the most popular brands.
In the beginning, learning about the sneaker resale market, secondary markets, and spotting fake sneakers will take up plenty of time and energy. You dont need to be speculating until you get your sneaker game up to snuff!