Supreme X Nike Dunk Low Stars
- Retail Price: $110
- Average Resale: $1,200
- Release Date: Thursday, March 4th, 2021
Released just last month after months of leaks and rumors, the Supreme x Nike SB Dunk has been for sure one of the most profitable sneakers of this year.
The Mean Green colorway features green leather and faux reptile leather on the toes with special hangtags, green Swooshes, and golden stars that embellish the white side panels.
White midsoles and matching green outsoles complete the design.
The most profitable out of the pack is The Mean Green, selling for an average price of almost $1,300 per pair!
How To Flip Shoes: The Beginners Guide For Selling Kicks
Flipping shoes is hardly a new hustle. This has been a lucrative side business for decades.
Then the internet boom and online commerce have given up more chances for selling and reselling sneakers than ever before.
So youre probably here to learn how to flip sneakers. Kudos for finding your way to the right post.
The resale of sneakers is definitely a viable source of income. This shouldnt come as a surprise to anyone who grew up when the first Air Jordans were released.
You may have heard that reselling shoes is a better way to generate money than wearing them. If you agree, then this article is for you.
Reinvest Your Earnings Into More Shoes
If you want to get into the reselling game for the long haul, reinvesting your earrings into another pair of more expensive or limited-edition sneakers is a good option. You can start researching what pair those may be even before you have the money to buy them. Once you get comfortable with the industry, you can sell more sought-after shoes with higher profit margins!
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The Shoe Reselling Industry
Forbes estimates that the resale market for sneakers is estimated to be over $1 billion annually.
Nicks Notes: By carefully and expertly hyping each new product launch, the manufacturers cater to loyal fans and strategically never quite make enough to fully satisfy the demand. Its that constant shortfall on the supply side that fuels the resale market.
This is also trend that doesnt appear to be slowing anytime soon. That same Forbes article notes that the international sneaker market is up 40% since 2004.
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.
Want To Get Rich Selling Sneakers Start Flipping Bricks
Dont miss GQs definitive guide to everything kicksfrom thetypes of sneakersalways worth copping to the best ways to score the next hot drop.
Santiago Mejia is a sneaker reseller based in Lewisville, Texas. On his Instagram pageyou can see him at home, under what looks like a mountain of orange Nike shoeboxes: towering to the ceiling, sprawling up the staircase, piled to the point of nearly falling over. In one photo, hes at an outlet store with a pair of shopping carts literally overflowing with discount sneakers in another, one of his kids is working at a desk surrounded entirely by shoeboxes and a tottering pyramid of shoes.
This content can also be viewed on the site it originates from.
In resale lingo, brick flipping means buying and selling readily available sneakers at or under their cost at retail. Bricks are contrasted with sneakers described as hypeshorthand for any shoe that resells for more than 50% over its original sticker price. Last months Jordan 1 High Hyper Royal, which has been selling for roughly 150% of its retail cost, is hype a classic, ubiquitous white Air Force 1, of which guys like Mejia have hundreds, is a brick. The former is hard for even high-level resellers to get ahold of, but is virtually guaranteed to score huge profits. The latter is easy enough to find, and their margins are slim, but they are consistent and reliable.
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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.
Where To Buy Sneakers And Resell Them Real Fast
Where to buy sneakers? Where to do business? Were asking the real questions.
Copping sneakers is not always the trickiest part of building yourreselling empire. Its actually the easiest if you have the right set of skills and tools. Its what comes after copping that needs the most research and planning, in order for you to get the most out of yoursneaker investment.
So you want to know what the best places to sell sneakers and make the maximum profit are. This applies to any sneakers you have. Regardless of the brand, and sometimes even the condition. Note: most of these sites, if not all, will take a percentage when you sell sneakers. But well get to that later. On the other hand, you might want to know where you can buy sneakers that you couldnt cop for retail. So, where to buy sneakers? Heres your answer.
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Stockxs Bidding Process Can Deflate Shoe Values
StockX is an aftermarket sneaker resale app that shows buyers three prices:
This model can be problematic for sellers. When enough buyers bid low on a specific shoe, they can actually drive the value down across the app. Similarly, if another seller accepts a ridiculously low bid, it will show up in the Last Sale slot. This can also devalue the sneaker.
PRO TIP: While StockX may not always be the best platform for reselling sneakers, it can be a good place to find undervalued inventory for the same reasons.
Air Jordan 4 Lightning
- Retail Price: $220
- Release Date: Saturday, August 28th, 2021
Originally released in 2006, the Air Jordan 4 Lightning makes a return this August so keep your wallets ready as itll likely be a very lucrative drop!
Uppers consist of vibrant yellow leather with yellow laces and what appears to be mesh netting along the throats and side panels. Black/white midsoles and black outsoles complete the design.
Although no data is available as of yet, I expect a resale value of around $500. The 2006 versions are currently selling for north of $1,800 so theres no telling just how profitable these might be.
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How To Avoid Common Sneaker Reselling Mistakes
While its important to be excited and have the energy to really jump into the sneaker resale game, sometimes you need to slow down. Jump on good deals. But any time you feel that something is off or theres a red flag listen to those instincts.
Even the top shoe reselling hustlers have been taken in by fake sneakers before. While in theory PayPal or other services have a money protection guarantee, getting your money back can be a hassle.
For anyone who has ever dealt with PayPal returns, its not a guarantee, either. If you get into a he said, she said argument with the seller of fake shoes a PayPal customer service rep is not the one you want making a final decision on hundreds of dollars.
Another common mistake, is not warning PayPal about a surge in transactions.
If theyre not used to seeing a lot of movement in your PayPal account, many transactions in the thousands of dollars for used sneakers could get the account flagged. This is a headache, but it is one you can work around.
If you have to upgrade to a business account, so be it. Better than losing out on deals. Or having your hard earned money frozen in the account.
Finally, have a plan for management.
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.
All Set To Get That Pair Of Jordans
Now that you know how and where to buy Jordans, youre all set for the Jumpman hype. The golden rule though? Never give up on that pair you want so much, and try to get them in any way you can! And if you want to stay up to date in sneaker news, make sure you keep it locked on NSBs blog. Godspeed
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Cook Groups And Online Services:
While they normally charge hefty membership fees, cook groups are exclusive forums that supply information for anyone looking to break into the multi-billion dollar market. They usually offer members access to botting services in addition to exclusive details related to drops. We got a look inside a couple of these groups, including Polar Chefs, a thriving cook group with over 400 members that was started by a teenager who employs 23 people to help him run the group. Cook groups are often run on Discord, a messaging platform that has become a hotbed for sneakerhead activity.
A college dropout runs a multi-million dollar sneaker cook group, AMNotify, with thousands of members across the world. Here’s how he launched one of the first exclusive sneaker forums from a hospital bed in 2017.
Finding Shoes To Buy And Sell
You must first gain a better understanding of the market before you can begin looking for shoes to resell.
The stock market is analogous to reselling shoes. There are specific pairs of shoes that arent particularly attractive at first but grow in value with time.
Conversely, some sneakers get a lot of attention but fade away with time.
The ultimate takeaway from this is to choose things that are inexpensive but have long-term value.
One approach is to obtain the sneakers on the day of their release at retail prices. It is when they are the most economical.
Instead of waiting in line for hours to buy them, you can place your orders instantly on the Frenzy app.
It will alert you to the release dates of the most recent sneakers from the most well-known manufacturers. From there, you can place orders and resell them for a profit.
The apps purpose is to decrease friction between businesses and customers. Both can complete transactions and generate money more quickly.
New pairs of shoes, on the other hand, are hard to come by.
To make money reselling shoes, you must first locate pairs that are being offered at a discount. But how can you figure out how much a pair of shoes will set you back?
This is where StockX enters the picture. The website displays the cost of shoes and sneakers over 12 months.
Youll watch the price change over time, just like a stock market index graph. This should give you insight into which shoes to buy for reselling.
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How Much Can You Make Reselling Shoes
The short answer? Millions.
JV is a guy making six figures a year reselling shoes. He got his start flipping sneakers as a side gig while working retail. After 4 months in, he was clearing over $10,000 per month.
Hell teach you how to do the same thing he does, clear the big bucks, in his online course. If you add the code NICHEMONEY, you can get an extra 10% off.
Reselling shoes isnt a rare phenomenon. A quick look at Amazon and eBay will reveal you a secondhand pair of sneakers up for grabs for every brand new pair. The process of shoe selling is all too common that there are people who made reselling shoes a profitable full-time job.
However, there are only a handful of people who have built an empire as shoe resellers. 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 and expensive shoes and sneakers to high-ticket clients since then.
Sneaker collecting is a thing and for individuals who can get a good deal on rare or hard to find sneakers like a limited release commemorative pair of Nike Air Jordan 2 Just Don, the Nike SB Dunk, or others, it can be ridiculously profitable to be reselling sneakers.
How To Resell: Sneaker Reselling For Beginners
The flipping sneaker business in many places has provided an avenue for hustlers to ethically and ingeniously make a quick buck. And what seemed to be footwear that keeps your feet safe and warm serve a different purpose to other people.
Compared to some other ways of making money online, the sneaker resale market is very profitable and valued at around $1 billion. While only 4% of shoes and sneakers are purchased upon release for resale, the market benefits from side hustlers and entrepreneurs who operate in different channels.
The sneaker market as a whole has opened up itself to more people with the help of online channels. However, back in the day when the internet didnt exist, there was a competition within the different communities and tribes in the market. People scoured through a thrift store and flea markets to get shoes under their market price.
Others would run to their nearest Foot Locker to get the latest pair of shoes. Information was spread through word of mouth and Eastbay mail catalogs. In other words, reselling sneakerheads worked in isolation with their communities.
There was only so much distance and area you could cover in the early sneaker game. That shared common experience within a small group of people made the sneaker market what it is today.
If you want to get connected with fellow sneaker lovers, you need to attend SneakerCon that takes places in the different parts of the world.
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How To Deal With Scammers
- If the item is new, ask for the original purchase receipt or any proof of purchase.
- Only purchase from sites that have a return policy and can actively protect you from fraud.
- Ask for authentic photos. You could ask the seller to take a picture of the shoes while holding the days paper.
- When you ship, include tracking, signature required, and insurance.
- Trust your instincts. If your due diligence checks out, but your gut is still nagging, cancel the transaction.
With time, as you gain expertise, youll be quick to pick up deceptive vibes.
Where To Buy And Resell
The absolute best way to get the most from reselling sneakers is buying your kicks for retail price and the best way is to buy them from retail stores . Some limited sneakers would be raffled off, so you would have to sign up and be lucky to secure your pair and others are first come first serve online. Always know when hyped sneakers release so you can wait for the release times and cop yourself a pair for retail.
A majority of people resell their shoes on eBay and only eBay. Even though eBay is an efficient way to resell shoes since they can ship around the world, some people are afraid of getting scammed but there are different options we have to resell shoes that we turn a blind eye to. If you are comfortable with making deals with other people around the world, feel free to do so. ONLY if you are comfortable with using PayPal and other methods of money transfers.
The best option in my opinion would be using local listings, like Kijiji or even Facebook shoe groups. Kijij would be a bit more risky since there are more fakes posted, but thats why you should do legit checks before you buy them. On the other hand, there are Facebook shoe groups where people buy, sell and trade shoes. The chances of fakes are much less likely since they are monitored and scammers will be exposed/ kicked out of the group.
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