The Marketplace To Buy/sell Sneakers
StockX has set the standard for what a shoe costs in todays market. StockX is also the gold standard in customer service and doing their best to help the individuals involved in each purchase. COVID hurt a ton of companies and shipping was all over the place for everyone but StockX fought through the problems and are doing much better. I have never gotten a single fake from them and they have fixed 99% of the problems I have had. There was one glitch in the system where they said I didnt ship my shoes when I did so the sale I made was cancelled and my shoes were shipped back to me but that was because UPS didnt log my shipment in the computer so it wasnt even StockXs fault. I have done tens of thousands worth of buying/selling with StockX and everything has been great. I use StockX more than ANY other platform to buy and sell shoes. I only wish they took less money from my sales but that is my ONLY complaint that I have and I wouldnt even call it a complaint. It is what it is and I try to plan for it when I sell my items… it would be nice to have more opportunities to have less fees taken out. Other than fees, I have ZERO complaints and I have nothing but great things to say about StockX. I wouldnt have the collection I have today without them and I would have the supplemental income I have today without them. Thank you StockX for making all of this possible.- Gregory I –
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 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!
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How To Spot Fake Stockx Tags For Sneakers
Fake StockX tags are always an issue. The fast-paced world of fashion is tough enough with real stock, so the last thing you want to deal with is counterfeits. To make things more difficult, fake StockX tags can be very convincing if you dont know what signs to look for, it can be hard to tell them apart from the real thing.
On StockX, a purchase will have to be authenticated before the buyer can get it. Once the product has been deemed authentic, it will get a green tag.
Positioning of the Tag
One of the ways you can know if the sneaker is authentic is by checking the positioning of the tag. StockX will place the tag on the right shoe. As much as a lot of people are aware, it can help make the research process a lot easier.
Fake StockX Tag Features
Fake StockX Tag colors and styles often sync with the items of the sellers line. You may receive a black tag with an orange eBay logo, for example. This is a clear indicator that the item has been marked up to make it worth more than its original retail value. A fake tag is also a clear indicator that something is awry with your products authenticity.
StockX Authenticity Guarantee
StockX stands behind the authenticity of every item that is sold on the platform. They offer a 100 percent money-back guarantee and a free investigation plan for any authenticity concerns. StockX sellers also have the option to reach out to our authenticity team at any time to request assistance with authenticating their items.
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You Can Build Clientele Through Ebay
The great thing about eBay is that they give you the ability to communicate with potential and past customers. This gives you the ability to follow up with them at a later time in hopes is getting them to return. Customers can also follow your account so that they get updates whenever you list more sneakers.
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Ebay Is Infamous For Bootleg Products
A downside to selling sneakers on eBay is that there isnt an authentication service at the time of this writing. This is something that eBay is exploring to add to their site in the future. As a result of that, there are tons of fakes and unauthenticated sneakers that are sold on eBay.
This causes many potential customers to be wary of buying sneakers on eBay. However, there are a few ways that you can build trust with customers through eBay. The first way is that customers are able to leave reviews of your story. Many customers rely on social proof to know if a company can be trusted or not.
Another way to overcome this objection is by getting your sneakers authenticated yourself. This can be done by sending your sneakers to platforms like Stockx to get verified. Also, there are sneaker conventions like SneakerCon where you can get sneakers verified for free.
How To Determine If The Shoes Are Fake
The last thing you want to happen is for you to purchase fake shoes mistakenly. This is a problem that pervades in online marketplaces without a middleman like Amazon or eBay. If the price is too good for its good, then maybe its a 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 youre trying to buy is genuine or not:
Criteria to Determine if Shoes are Fakes
While these tips will help you avoid purchasing bogus shoes, its not foolproof that you will entirely avoid such purchases. Just make sure to ma careful and alert enough to keep these provisions in mind when buying.
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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 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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Stockx Rules Regarding Shoe Condition
Deadstock or DS are the only kind of shoes StockX accepts. But that can be a bit of loose term depending on who you ask.
Thats why StockX has their own interpretation of it. According to StockX, deadstock sneakers are brand-new and have never been worn before. Its all about authenticity because there are many fake high-end sneakers sold online.
Most deadstock shoes have additional items included with the shoes. Things like shoelaces come to mind. Whatever was in the original packaging must still be there. StockX will accept shoes that are laced up already, provided they dont show any signs of wear.
Some acceptable flaws are minor discolorations that are entirely uncontrollable. This is particularly acceptable if the deadstock sneakers are over five years old, and signs of aging are to be expected.
Deadstock sneakers have to come in their original box. It doesnt matter if you find a shoebox from the same manufacturer, it has to match the size and model of the shoe youre selling.
And the shoebox can have small dents, but tears and more significant signs of damage will result in StockX rejecting the shoes altogether.
Is Selling On Stockx Worth It
If youre serious about selling sneakers and apparel, and you know you have products that can appeal to sneakerheads and collectors, go fo it. Buyers have complete trust thanks to the authentication process, and it has good profit potential. While the seller fees may detract, there is definitely earning potential long-term.
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The Stockx Buyer And Seller Bonuses
StockX rewards those who sell a lot with lower fees. In the account overview, you can see the current seller level and how high the transaction fees are.
The higher the sales and the amount sold, the less fees you pay. The fees are reduced in graduations from 0.5% to a minimum of 8% fees.
In the account overview above, you can also see the Buyer Punchcard, which is a kind of stamp card for buyers. After every 5th purchase of a sneaker, you get a shipping voucher for $13.95. This covers the amount for the shipping, so the shipping becomes free.
How To Find Used Shoes On Stockx
One of the best online marketplaces for getting sneakers has to be StockX. Listed on the site are authentic shoes that will be authenticated before sending them on to the buyers. If youre looking to save a few bucks and purchase pre-owned shoes, StockX might have crossed your mind.
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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.
Check The Front Of The Tag
One of the most apparent signs of a fake tag is in the front. While the inscription on the real tag is clear and legible, the one on fake tags can be quite chipped. The paint on StockX tags is in excellent condition, but thats not usually the case with counterfeit tags. Furthermore, the letters can be arranged in a haphazard way noticeable even to the naked eye. StockX tags have uniformed letter sizes and spacing.
Another thing to look for is the dots on the tag in the middle of the logo. Google it for a better visual and compare the size to whats in front of you.
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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?
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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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.
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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