Buy The Shoes From Wholesalers
The most common method to sell online shoes is to buy shoes from wholesalers online. There are many wholesalers that you can find from Hong Kong and China, such as HKTDC. Each seller in marketplaces like this has a minimum order requirement.
The best thing to do is to order a pair first so you can check the quality of the shoes. Once you have them, you need to strike a deal with the wholesaler. You need to be able to order several designs. Some wholesalers sell one design by the boxyou do not want these wholesalers as you would end up with a huge inventory.
After the purchase, the wholesaler will send the package to you. You need to sort out the shoes and then keep them in your house or warehouse. Shipment of the shoes is not free, plus you have to pay for duties to your countrys Customs department.
- You have control over the quality of pairs that you ship to your customers
- You need a space to store the shoes
- Unsold shoes are financial losses
- You need to spend on your packaging
- You need to work extra to ship your items
To succeed with this type of sourcing, you need to start with a small inventory, and then scale your business slowly. Like all businesses, selling shoes has a risk. If the manufacturer or wholesaler has a minimum order requirement, like MOQ, you have to ask if they would ship smaller amounts.
But First Can You Resell Wholesale Clothes
If you want to resell the wholesale clothes, you need to prepare a business license, a sellers permit, and tax considerations .
However, the process behind getting the appropriate documentation for your business will be determined according to the policy of the place where you are going to start your reselling business.
Besides, business insurance is also an essential purchase.
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Adidas Yeezy Boost 350 V2 Pure Oat
- Retail Price: $220
- Style Code: HQ6316 / HQ6318
The Adidas Yeezy 350 V2 Pure Oat, monikered similarly to the MX Oat, features a white knitted upper with grey lateral side stripes and matching heel pulls.
White laces, milky Boost encapsulated midsoles and outsoles finish off the design. On the secondary market, I believe this will be worth north of $300 per pair.
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Ultimate Reselling Guide For Shoes And Sneakers
The global shoe resale market is measured in billions of pounds and is predicted to grow even more. Therefore, shoes and sneakers became one of the most interesting items for newbie resellers. That is why we decided to make a simple reselling guide for all those who want to earn money on pre-owned footwear. Make sure you read it if you see yourself in this type of resale business.
Where To Sell Your Items
Now that youve collected items, its time to sell them. There are lots of options, but here are a few well-known online marketplaces.
eBay This long-running marketplace has over 160 million users. That gives you good visibility on items, but requires selling fees and sometimes listing fees.
Great for selling items locally, with no fees and no integrated payment processing. I sold my old car on Marketplace the buyer paid cash.
OfferUp Free online selling app for local transactions. There are various service fees, but none for in-person exchanges. The app uses Stripe for payment processing of shipped goods.
Craigslist A holdover from the early days of the Internet, this online classified advertising platform still fuels a lot of local sales transactions. No integrated payment processing, but most postings are free.
Mercari A free app that lets you sell new or used items from your phone. No in-person transactions, all items are shipped. Sellers are protected with a payment guarantee and shipping insurance. Listings are free but theres a flat 10% selling fee.
Poshmark A free app for selling fashion and home-related items from well-known, upscale brands like Coach, Michael Kors, and Louis Vuitton. Think of it as an online consignment shop. Selling fees are $2.95 for sales under $15 and 20% commission for sales of $15 or over.
VarageSale This virtual garage sale is made up of communities where members can buy and sell items locally with no fees.
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Vintage Items In A Set Or A Collection
Not everything under the category of vintage is worth money. Nostalgia plays a role in value as does rarity and demand.
There are some brands and some items that command interest and popularity. Typically, the older, the better if it means the items are unique, limited, and mostly unavailable in the public domain.
However, when you can combine items like this into a set or a collection, the value increases.
Pins, sewing patterns, patches, cards, stamps, video games, vinyl records, silverware, china, watches, artwork, and dolls are just some of the collectibles people will pay for in a set or a collection.
Fans of iconic brands like Disney, Star Wars, Vogue, Barbie, the Beatles, Kiss, Hot Wheels, and Tiffanys are out there just waiting to purchase their next collection.
Union La X Air Jordan 2 Grey Fog
- Retail Price: $225
It appears that the Air Jordan 2 will be getting a lot of love this year.
The Union LA x Air Jordan 2 releases in 2 colorways including in this Grey Fog Variant. Uppers include light blue suede with side perforation and mesh toes. The bright blue eye stays, white midsoles, and white outsoles finish off the design.
On the secondary market, I expect a decent resale of around $400 per pair, yielding around $150 in gross profits.
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How One Hustler Makes $100000 A Year Flipping Sneakers
Bryson Honjo is a sneaker reseller, owner of United Hawaii and star of a prospering YouTube channel that teaches viewers how to start reselling shoes. Honjo started his journey in the sneaker business in 2016, and now makes anywhere between $50,000 and $100,000 per year.
I do attribute a lot of that to the fact that I have a social media presence, says Honjo, referencing the higher end of his potential income bracket in any given year.
He says that while his social media presence makes selling easier, its not a mandatory requirement to success in the sneaker resell game. He has seen resellers make up to $50,000 per year by posting inventory exclusively on reselling apps. No YouTube channel required.
Nike Dunk High University Red
- Retail Price: $110
- Release Date: Tuesday, March 1st, 2022
- Colorway: White/University Red
- Style Code: DD1399-106
The Nike Dunk High University Red looks much like the Syracuse colorway and is actually quite popular.
Uppers feature a two tonal design with white leather underlays and University Red overlays that appears on the toes, eye stays, heel overlays, and the Swooshes.
White midsoles and red outsoles finish off the look.
On websites like StockX, these will probably resell for around $170 per pair.
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Do Resale And Flipping Actually Work
The most important question here is pretty basic: does resale actually work, or is it a waste of time? We know that some people make money on it, but how hard is that, and what can you expect on average? Unsurprisingly the answer is that it depends. Your expected value is almost entirely dependent on what models youre selling, in what size, when, and in what colorway.
To start off, the most important element that drives resale returns is supply assuming that other basic conditions hold, sneakers that are harder to get hold of are also going to fetch a higher resale price. The most basic recent example is Nike x Off-White: the original The Ten releases never restocked and werent large, and thats why they sell for 4x what you bought them for . Unfortunately, as anyone who bought the Yeezy 350s in Butter will tell you, its near impossible to know the drop size in advance. And if you know only 200 pairs are being released, chances are youre not getting one.
The Yeezy 350 V2 didnt sell for much more than retail after the release, probably because the drop was large enough to satisfy most of the initial demand.
The lowest average multiples over retail on sneakers come mostly from half sizes: the 10.5 , 11.5 , and 12.5 in the mens department, and 8.5W , 8W , and 7.5W in the womens department.
Pipinato Your Trusted Shoe Wholesaler
For generations, here at Pipinato we have been characterised by our passion for footwear: over the years our product expertise has been transformed into commercial competence. That is why we are a trusted wholesale shoe supplier for all retailers looking for quality items at the right price.
Thanks to our in-depth knowledge of the market, we are more than just distributors: for retailers, we are a true partner, able to recommend the best products for the success of their business.
Our vast range of shoes includes items for all needs and seasons: models for men, women, and children, shoes for outlets and end-of-series items, wholesale made-in-Italy shoes and fashionable designer shoes.
With our sales service, which is also available online, we ensure a tailored B2B supply, so you can buy your shoesquickly and with excellent value for money.
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Nike X Nocta Hot Step Air Terra
- Retail Price: $150
- Release Date: Thursday, March 3rd, 2022
- Colorway: White/Chrome
- Style Code: DH4692-100
Drake and Nikes new brand NOCTA really is a serious contender in the sneaker world.
The Nike x Nocta Hot Step Air Terra white releases alongside a Black variant and features a white leather material with side perforations and an exposed Air unit. White outsoles finish off the look.
These sneakers are highly anticipated and I expect resale to be around $400 per pair.
Nike Sb Dunk Low Street Hawker
- Retail Price: $110
- Release Date: Friday, January 22nd, 2021
These sneakers already released back in January, however, youre sure to find them on anyones top sneakers of 2021 list.
Although they were originally released for the Chinese New Year that initiated the Year of the Ox, these sneakers also tell a story of Chinese cuisine.
Uppers feature watercolors that are mismatched in a What-The like fashion. Nike on the heel tabs are replaced with Chinese characters while white midsoles and mismatched outsoles complete the design.
Resale prices on StockX are at an average of $640 per pair for the shoes alone. The Special-Box edition, however, will cost you north of $1,300!
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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!
Have Multiple Payment Options
Some stores will even limit orders to one purchase per billing profile. To get around this restriction, you can use multiple payment cards if you have them. You can typically get free checking accounts that you can set up online.
Virtual credit cards are another good option and I highly recommend using them. In fact, I believe it is essential to have an account setup with Privacy and other providers like Resolut. VCCs give you the ability to have multiple cards linked to each bank account.
PayPal is another great option to use. Some stores will only take payment through PayPal. For those drops, you need to be logged into your account a few minutes before release. That way, you dont lose time having to manually log in when prompted.
PayPal even provides you with free debit cards. Essentially you can have a PayPal account tied to each bank account that you have setup.
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How To Sell On Stockx: Secrets From A 7
As the sneaker resale industry continues turning ordinary people into millionaires, many are hungry to get in on the action and start selling on StockX.
It seems like a wise choice, as the market is predicted to swell to uncharted highs in the next few years.
But a growing field of hopeful sellers makes flipping shoes more competitive every day, leaving many wondering how to make money on StockX.
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Where Can I Buy Shoes To Resell
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.
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How To Spot Fakes
The most counterfeited shoes are the Yeezy Adidas. Counterfeiters have mastered the boost technology, the revolutionary performance shoe technology by Adidas that hit the pavement in 2013.
To verify the authenticity of these shoes, experts use weight, sniff, and blacklight tests.
Some sellers employ hardcore master-level sneakerheads to inspect every shoe, including packaging, labels, stitching, and glue. Whereby they issue certificates to verified products.
When identifying a real from a fake, it all comes down to craftsmanship, detail, and the material used.
Here are some tips for identifying fakes.
The challenge is that counterfeiters are always improving and adapting. Hence, the trick is to develop the innate skill of identifying fakes over time.
Fragment X Sacai X Nike Ld Waffle
- Retail Price: N/A
- Estimated Resell: $700
- Release Date: Spring 2021
Although not much is known about these sneakers, you can definitely expect some very high returns.
Uppers consist of a mesh base with dual paneling. Suede, leather, and nylon overlays cover the dark navy upper while white/grey swooshes provide contrast. Sail midsoles and black outsoles complete the design.
This three-way collaboration will likely be the most hyped Sacai x Nike sneaker yet. Thus Im expecting resale to be over $700.
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Sports And Exercise Equipment
Sports equipment is another category to be on the lookout for. Bulky items like home gyms, treadmills, and exercise bikes can actually resell for pretty good margins, and because they take up so much space, sellers are often happy just to get rid of them.
Well-maintained bikes, skis, golf clubs, and even hockey equipment is worth a look since buyers may be eyeing starting a new hobby or purchasing for their kids.
Is Reselling Illegal For Luxury Shoe Brands
Its perfectly legal per the principles of commerce. Once purchased, shoes lose some value, and they automatically become second-hand products. Thus, if you choose not to use it and instead store it in the original package, you can sell it later for more than you purchased it. Youve legally cashed in on an intrinsic value that cant be controlled or claimed by anyone.
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The 27 Best Items To Flip For A Profit: $50
This post may contain affiliate links. Please read my disclosure for more info.
What are the best products to flip for a profit?
Buying low and selling high is a mega-popular business for side hustlers and big corporations alike.
With product flipping, you can turn bargain-hunting prowess into profits. In this post, youll learn how turn your love of online classifieds, flea markets, yard sales, and thrift stores into an extra income stream.
Stick around to read:
- Where to find some educational and inspirational free training on flipping products
- The most popular marketplaces to resell your items
- The most profitable types of products to be on the lookout for
The Best Items to Flip for Profit