How To Get A Yeezy That Sells Out Fast
Now that you have found out how fast a Yeezy will sell out, you will need to develop a strategy on how to cop them.; Buying hype sneakers isnt easy these days. Most of the time you cant just wait in line at the store or hope to get them online.; For the most part, real hype sneakers will not even make it to the stores.
How Big Is The Production Run Of The Sneakers
This is important for the people who are questioning a general release, or a large production run.The companies producing replica sneakers are not dumb. They want to maximize their profitability just like any other manufacturer. This means that they replicate profitable sneakers. Most replicas in circulation are those of moderately coveted sneakers. If Nike releases 1.5 million Jordan Concords, chances are there won’t be many replicas in circulation.This doesn’t mean there aren’t any, but it is much less likely. In addition, the higher the production count, the worse quality of a sneaker. This means that shoes will have more variables when produced in higher numbers. Don’t over complicate things by sweating every little detail.
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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What Shoes To Buy
One of the most common questions I get is how do I know which shoes to buy? Which brands and models will be profitable?
To get an idea of what is hot in streetwear, follow sneaker and fashion publishers like Hypebeast or High Snobiety.
Immerse yourself in your local sneaker communities by attending a sneaker convention and getting an idea of what people are wearing and what people are talking about.
Learn about the Jordan brand. Begin to follow Instagram accounts that have to do with sneakers and sneaker news, so youll automatically be doing research every time youre killing time on the gram. Combine all of the above with checking aftermarket prices on sites like eBay and calculating your estimated profit.
Nicks Notes: In the advanced search, you can check the box just to see completed listings to see how much items are actually selling for.
I suggest starting small with one or two pairs so you dont have a huge risk.
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.
Instagram content
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 Do You Buy These Shoes To Resell
I like to buy older models either through eBay or Facebook groups and sneaker conventions.
For new shoes, youll go directly to the brands website and either press your luck right on the release time or you can utilize a sneaker bot to greatly increase your chances of securing a pair at retail price.
There are also authorized retailers that stock desired shoes, like FootLocker or Eastbay, but its best to go with lesser-known sites like Mr. Porter and END to increase your odds of getting the shoes at retail.
Wheres The Best Place To Resell Shoes
Ive done;most of my reselling on eBay, but it seems like apps like GOAT and StockX are picking up so Im selling on those more now as well.
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.
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Adidas Human Race Nmd Pharrell X Chanel
The collaboration was done exclusively for Colette, a shop in Paris described by some as as the trendiest store in the world. It closed about a year-and-a-half ago, Morrison says. Now the price tag makes a little more sense. Sells for: £6,000-£10,000
Kanyes final collaboration with Nike is ludicrously in-demand. Its almost like people have forgotten he made them, because he moved to Adidas soon after, says Raichura. I actually sold a pair myself, for £6,000, which is crazy. Sells for: £4,500-£6,000
Want To Get Rich Quick Reselling Sneakers These Guys Want To Help
All these stories start the same way: with a pair of sneakers purchased for the retail price, and then flipped for a profit. They start this way because odds are you, or someone you know, has done this very thing, or will very soon. And the odds are decent, too, that your path to that cash, or your brothers or your cousins, has resembled one of a handful of proven methods, whether it involves seed capital from the Bank of Dad or a little bit of gentle corporate hacking. Because as the secondary sneaker market has swelled to somewhere in the range of a $2 billion market with the potential to reach $6 billion by 2025, according to investment bank Cowen, its turned into a boondoggle for everyone involved.
The sneaker resale platform Goat acquired Flight Club last year and then received a $100 million investment from Foot Locker in February. StockX, where people can sell sneakers alongside watches and streetwear, is now valued at over $1 billion dollars. But those profits are also trickling downwards, where a cottage industry is forming, eager to reap the profits of sneaker reselling. Below are the group of people you meet when you start flipping sneakers for profit. They are entrepreneurs who want to make you rich, and just might succeed. But don’t mistake them for benevolentteaching you how to flip a half-dozen pairs of Yeezys will make them phenomenally wealthy, too.
Two AMNotfiy members show off their towering haul
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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.
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.
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The Cons Of Reselling Shoes
As a hustler, you need to be aware of the potential problems you will be facing with every venture you undertake. And as profitable as reselling shoes can be, it also has another side of the coin that you need to know before diving deep into the sneaker business.
Below are some of the more pressing issues:
Cons to Consider when Reselling Sneakers
A Fresh Start With Crep Protect
Leading sneaker care experts Crep Protect will also be on hand to provide an optional cleaning service. A team of Sneaker Cleaning Technicians will give your USED shoes a thorough clean plus provide a set of Crep Protect Pills, the Ultimate in Shoe Freshners, so when they arrive, you are good to go.
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Some Common And Costly Mistakes
Although I had done my research, I was still in over my head and had a lot to learn. After my biggest month, I made some preventable mistakes that nearly caused me to lose everything I had earned.
First, I ended up with some fakes and it was a mess trying to get my money back from the seller or PayPal.
Nicks Notes: As you might expect with shoes that sell for $1000, theres a thriving black market for counterfeit sneakers.
The other issue I ran into was with my PayPal account itself. They werent used to me taking in such large amounts of money per month, so PayPal put a hold on my money. Since I relied on reinvesting that income into more inventory, that hold took me several months to recover from.
I think I could have avoided that if Id warned them in advance that I would be taking in as much money in a month that I used to take in in a year, but then again I had no idea that I would make so much money so quickly!
Fortunately, I made a recovery and have gathered more knowledge than if it had been smooth sailing from the very start.
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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Yes You Heard Us Right
Im about to catch some heat for this one.Im going to show you how to resell sneakers, and how to make money doing it.This is one of those times that Im glad I write under a pseudonym .If you ask any die-hard sneakerhead, anyone whos been in the game for more than 5 years, whats the worst thing to ever happen to the sneaker community, theyd all have the same answer:Resellers.Somewhere along the evolution of the marketplace, people realised there was money to be made in buying limited-release sneakers and reselling them for more than the retail price.And were not talking a couple of bucks here, either–some shoes resell for 2 to 3 times the retail price.Even the most casual sneaker fan probably has an idea of the money to be made reselling Yeezys. For example: a shoe that retails at Rs.15,000 can go for as much as Rs. 45,000! Talk about margins–thats better than selling weed, by a long shot.So we know theres money out there in sneakers. But how do you get a piece of that pie?There are a few things youll need to know before you start raking in cash from shoes.Lets get it:
Where Can You Sell Yeezy Boost
#1 StockX
You want to live like the Wolf of Wall Street reselling sneakers? StockX is the perfect site to help you pull off such a feat. This is the official stock market of sneakers. Every time Kanye West releases a new pair of Yeezys, the Adidas index rises in anticipation of the commodity. Thats right, StockX has an index for every major sneaker in the game! Yeezy Boost 350s and 750s often sell for between one thousand and two thousand dollars! This is why selling your Yeezys on StockX guarantees that you will definitely find a buyer.
StockX boasts professional verification methods to ensure your Yeezys are 100% authentic, and you get a fair price each time you sell with them. StockX is also easy to use! Just post your deadstock Yeezys, set your asking price, and once a buyer sets a matching bid, your Yeezys are automatically SOLD.
Or, you can quickly sell Yeezy Boost sneakers by accepting the highest buyers offer. They charge fees based on a sliding scale according to your level as a seller decreasing as your sales increase, and they never charge anything upfront. They want you to be successful. Just dont flake on a buyer, or theyll hit you with a fifteen percent fee off the transaction price!
#2 GOAT
#3 Grailed
#4 Stadium Goods
#5 Kixify
Kixify connects sneaker collectors worldwide and asks for an 8% commission fee in exchange for each sale you make straightforward, simple, and easy.
#6 Flight Club
#7 Klekt
#8 Amazon
#9 Craigslist
#10 eBay
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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.
