How Do You Manage Inventory
The short answer is I dont I try and sell each pair as quickly as I buy them!
When selling shoes, it can be easy to amass a bulky collection that you have to keep somewhere. To avoid that, I focus on brand new releases or shoes that are really hot classics I know will sell quickly.
This strategy translated into less headache and hassle storing and tracking the inventory, and also let me turn my cash over to reinvest in the next flip faster.
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 on the side, if not as a full-time income regardless of your age. If you are into sneakers or if you have experience in flipping items before, then you may seriously want to consider getting into this hustle.
If you’re still hungry for other ways to make some money, you may want to consider buying and selling concert tickets.
Tips To Shopping Secondhand Or Flash Sales
- Check for authenticity. Any legitimate seller of secondhand or discounted merchandise should be able to prove that its real and not a fake. Theyll often provide a certificate from an accredited examiner, so be sure to ask for that.
- Broken in or broken down? Check for signs of leather tears, deformed or stretched out toe boxes or worn treads on shoes. Pass if the pair looks too worn. This can be hard to do when shopping online, but the descriptions and photos should show/tell you everything you need to know.
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How To Get Free Shoes
The rules of participation for product testers will vary with each company.
Some companies allow you to keep the shoes you test, provided you submit feedback according to their specified parameters. Other companies ask that you send the shoes back for analysis by developers.
In the cases where youre asked to send the shoes back, the company may keep them indefinitely. Otherwise, they send them back to you to keep when theyre finished with the analysis.
Still other companies may send you other items to keep in exchange for your feedback. This can include as a new pair of shoes, or a gift card.
Either way, you could seriously reduce the amount of money you spend on shoes if you participate in one or more of these programs. Heres the scoop on the shoe companies we found that will give people free shoes.
Legit Ways To Get Free Shoes
Can you get free shoes online? Yes, and Im going to tell you how.
Or maybe you are a runner, and you are always on the lookout for new running shoes.
Whatever the reason, you can get a brand new pair of shoes without spending a penny. In the article below, I show you where to get free shoes.
Will it be effortless? No, it wont. It will require some work and some diligence on your part, but its completely worth it. Shall I show you how to do it?
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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 To Save The Most Cash On Designer Shoes
- Sign up to flash sale sites and check their emails daily so you dont miss the sales on your favorite brands. They often only offer limited quantities in certain sizes, so if you wear a popular size, shop early.
- Shop secondhand stores.They estimate the designer apparel resale market at around $20 billion these days and about 80% of people are shopping secondhand, be it to save cash or help the environment . There are plenty of sites that offer gently used high-end shoes and this can still give you that designer cred, while saving you a ton of cash.
- Shop outlets. Outlets have long been a secret of the most savvy shoppers. And if you think its just for mainstream brands like Gap and American Eagle, think again. High-end department stores like Nordstrom, Neiman Marcus and Saks opened up their own outlets so you can shop their selections for less.
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Wheres The Best Place To Resell Shoes
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.
How To Get Gift Cards From Foot Locker
Joining Foot Lockers VIP Program already gives you some benefits, e.g., a coupon for $10 off your next purchase when you spend at least $50.
But the real fun begins when you become a Platinum Member. To receive the status, spend at Foot Locker at least $300 within a year.
Then Foot Locker rewards you with a $10, $15 or $20 gift card when you spend $100, $150 or $ 200 on one purchase. When you collect enough rewards, you can exchange them for new shoes.
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How To Find Shoes To Buy And Sell
Before you can even begin finding shoes to buy and then resell, you need to understand the market.
Reselling shoes are similar to the stock market. There are pairs of shoes that don’t start out too hot but eventually accumulate value later on. Conversely, some sneakers generate lots of attention in the beginning only to fizzle out as time goes by.
Want even more step-by-step details on how to find great shoes you can sell for a profit? Check out the Hypemaster Playbook for a great course into the shoe reseller world.
To truly benefit from learning how to resell sneakers, you need to purchase products that are sold on the cheap but have lasting value in the long run. One way of doing so is by buying the sneaker on release day at retail prices, which is often where they are at their most affordable.
Where To Sell Shoes For Cash Near You
You can just google the resale shops near me, and a list will appear with some popular shops that are located in the US. For selling your slightly used items at any of the consignment stores, the following are a few things to remember.
- You must be older than 18 years.
- You should keep your driving license or ID with you.
- Bring only the best of your items that are in good condition and can be used in the season.
- Make sure you go there on a day other than weekends as these stores are often too crowded on Saturdays and Sundays.
Following is the list of some top-rated consignment shops to sell your shoes. Some have only one store while others have multiple locations within the US.
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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 withstood the test of time and exponentially increased their value since their release.
Below are some of the most hyped sneakers in the resale market pioneered by the two big brands:
Discounted Designer Shoes: Too Good To Be True
“20/20” investigates Web sites selling fake designer shoes as the real deal.
July 22, 2010& #151 — They are like jewelry for the feet — sleek, sensuous designer shoes. What’s not to love about them?
“It’s just the way they make you feel when you put them on,” said shoe lover Natalie Abugov, 26. “It’s like putting on a face of makeup in the morning…and shoes always fit, and shoes always look the same, and it never changes.”
One of the most popular names is Christian Louboutin. The shoes, with their signature red soles, are popping up on celebrity red carpets and TV. Jennifer Lopez even sings about “throwing on her Louboutins” in her single, “Louboutins.” The pricey shoes start at around $595 and go up from there.
Online sales of designer shoes are booming. According to NDP Group, a consumer research firm, online shoe sales generated just under $1 billion in sales through September 2009. Despite the recession, sales were up 25 percent. It’s no surprise that savvy fashionistas like Abugov are turning to the Internet to look for deals.
A Google search for “christian louboutin” returns 11.6 million results. Immediately, some major department store Web sites pop up, but also many “discount” Web sites that seem to offer Louboutins for a fraction of the price in stores. The discounted prices seem too good to be true.
“20/20” selected nine of the more popular designer shoes — as seen on celebrities — and purchased them from eight different “discount” Web sites.
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Scaling Up The Sneaker Flipping Operation
I kept reselling pairs in that range until I had enough money saved to buy a pair of shoes for $900. After a few anxious days of waiting, I was able to flip them at $1200 for a profit of about $200. I also began to learn how to secure these $1000 shoes at retail for insane profit margins of over $500 per shoe.
I started as an absolute outsider and 4 months in I cleared $10,000 for the month.
Once you know what youre doing and you take the time to build your reputation and stay on top with sneaker news, the consistency and ease of selling aftermarket sneakers amazes me to this day.
How To Determine If The Shoes Are Fake
The last thing you want is to buy fake shoes.
This is a problem that pervades online marketplaces without a middleman like Amazon or eBay.
Like most things in life, if the price is too good to be true, then it’s probably fake. But before making that conclusion, you need to learn how to find out if the sneakers are legit or not.
Below are ways that you can check if a pair of sneakers or shoes you’re trying to buy is genuine or not:
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Places To Buy Cheap Real Jordans
When Nike first released Air Jordan I in 1984, it set the world of basketball shoes on fire. Air Jordan I turned basketball shoes from something you would only wear to play basketball into a fashion symbol and a cultural icon.
More than 3 decades after Air Jordan Is debut, Jordan is bigger than ever. In 2019, Jordan Brand brought in over $3.1 billion in revenue for Nike.
On top of that, there is a huge resale market for Jordans. The global sneaker resale market is now estimated to be worth more than $2 billion, with Jordans account for a big chunk of that.
We have scoured both the real world and the Internet to find the best places to find authentic Jordans for cheap. In recent years, Finish Line has become very popular for Jordan lovers.
Many of our picks are on the unconventional side. But that is how you get to save money on Jordans. Hopefully, this article will help you to do just that.
For those in a hurry, the following table gives you a summary of the top 5 places to buy Jordans.
Top 5 Places To Buy Authentic Jordans for Cheap
Things To Keep In Mind When Reselling Shoes
With more personal, informal selling like in Facebook Groups and even in Sneaker Con, expect to encounter shady people.
Like all hustles, sneaker reselling attracts all kinds of self-interested characters. You need to discern which among your potential buyers are trustworthy. And you need to be very careful when sharing personal information.
There are also more tools that you should look at including the GOAT app. This app is great for buying and selling sneakers and is huge among sneaker resellers.
It’s another place where authentic sneakers can potentially be bought or sold, making this a great tool to find sneakers you couldn’t find in the secondary market or to sell your inventory.
The goal is to create an efficient and scalable process. As you upgrade to more expensive items you can exponentially increase your income. If done successfully, you can start buying in bulk and multiply your earnings even more!
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Sell Your Own Shoe Designs
If you consider yourself a shoe enthusiast with an eye for design, then you could potentially make some fast money selling your own shoe designs online. You dont have to be a pro or an experienced artist all you need is motivation and have a desire to learn.
Here are the best places to start selling your own shoe designs.
Discovering The Sneaker Aftermarket
Searching through eBay, I filtered strictly by price and not by brand name. I was searching for items that were selling for around $500-1000 that I could make a profit from.
To my surprise, in the $1000 realm, among the name-brand luxury bags and other obviously expensive items were a pair of Nikes.
It was February 2015 and the shoes were the Air Jordan 2 Just Don.
Little did I know that this discovery would open the door to my most profitable flipping venture yet, and the one that would match and replace my job income.
I saw that many pairs were selling for nearly $1000 with a lot of bidding action. After doing some research, I found that these shoes were available at retail at $350. Instantly I knew that I wanted to start selling shoes.
Not only did these mark the checkbox of an item that sold for $500-1000, it exceeded my profit goal of $100 per item: I could make over $500 per shoe I sold!
I would only have to sell one shoe per week to make my $500 per week goal, and I could even make $1,000 in a week if I sold 2 shoes maybe even $1,000 in a day.
Nicks Notes: eBay takes a 10% fee on each sale.
My mind started spinning and I became super driven to learn all that I could about the shoe reselling game.
After spending hours of research and using the little money that I had saved, I bought my first pair of shoes to resell. It was a pair of Jordans that I bought for $190. I sold them hours later for $300 an $80 profit after shipping and fees.
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Join A Stores Friends And Family Circle
Networking isnt just for the office as it turns out, you can become a member of a stores friends and family circle. Among the retailers that support these cliques is Saks Fifth Avenue, which regularly hosts Friends and Family sales that allow customers to nab significant deals on designer items, usually at 20 percent off retail price. Earning your stripes as a frequent and loyal buyer at these stores can even lead to your inclusion in secret deals and promotions in the future.
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