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.
Reselling Shoes: How I Make $10000 A Month Flipping Sneakers
This post may contain affiliate links. Please read my disclosure for more info.
This contribution comes from JV Ortiz, who found side hustle success in the world of buying and selling sneakers. Hes been at this business for two years and actually quit his job to pursue this venture full-time.
JV lives in Brooklyn, New York and when hes not out hunting for shoe deals you can find him running, surfing, and working on self development.
At his site, SixFigureSneakerhead.com, hes written a 100-page guide on how to break into the sneaker flipping game. You can use code SIDEHUSTLENATION to take 40% off.
Take it away, JV!
How To Sell Your Sneakers Online: The Ultimate Beginner’s Guide
Not every sneakerhead is in the game for the same reasons. Some are in it for the nostalgia, still in love with the pairs they wore in their teens. Some are in it for the clout, addicted to posting their latest pickups on Instagram. Others, meanwhile, are in it for the profit, running their sneaker closet like a business.
Regardless of how you got into sneakers, these days it’s nearly impossible to keep up with all the shoes dropping every weekend. The reality is, eventually a time will come when youll feel the need to liquidate some of your stash, either to make way for new pairs, or simply because you feel its time to downsize the collection. In turn, sneaker-specific marketplaces such as Grailed, Klekt, StockX, and others have been on the up, connecting buyers and sellers around the world.
For those who are new to the hustle, heres a step-by-step guide to selling your sneakers online:
Recommended Reading: How Long Do Goat Shoes Take To Ship
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.
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.
Also Check: Shoesclub Online Reviews
How To Become A Nike Retailer
Related
Anyone can sell Nike products, but if you want to use Nike branding in your store and advertising, you’ll need to become an authorized reseller. The process is pretty straightforward, provided you have a retail store that carries items that go well with Nike products. Nike is one of the most well-known brands in the world and has been selling sneakers, sports gear, sports clothing and accessories since it was incorporated back in 1971.
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!
Recommended Reading: Best Dress Shoes For Wide Feet
Are Nike Shoes On Aliexpress Legitimate
Is Nike on AliExpress real?
So you are looking for cheap sneakers online and then you come across Aliexpress and you see that its kind of reasonable and you encounter some shoes that are drastically discounted.
Aliexpress is a mixed bag when it comes to duplicate Nike Shoes.
There are original Nike shoes on Aliexpress and there are duplicate Nike shoes as well. It depends on the price.
If you are looking for authentic wholesale cheap Nike shoes from China or any factory that deals with wholesale Nike shoes, then you can check out the sellers who sell at normal retail prices. They are legitimate and will provide you a good deal on bulk orders.
If you are a wholesaler, then you need to know that the cost of importing your goods will increase the cost of the shoes.
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
Also Check: Steel Toe Boots On A Plane
Sell Shoes On Markeplace
- 171+ million active users no need to worry about traffic
- Seller protections in place from buyers scams
- Great marketing tools only pay if you sell your item
- Global brand instant trust from buyers
Rating
eBay is a go-to place for many people when they want to sell used stuff.
In order to sell your shoes on eBay, just set up your eBay listing by uploading photos and filling product details.
You can get your earnings either via PayPal or direct deposit on your debit card.
Note that there is no fee when your item sells for $100 or more. However, youll be charged 10% of the sale if your item is worth less than $100.
Is It Worth To Sell Shoes Online
Whether you want to declutter your wardrobe or just received a pair of shoes thats not really your size, you can make some extra cash.
For example, you could sell authentic Nike Air for $212 while a used wedding shoes could earn you at least $70.
Of course, the more shoes you sell, the more you will profit.
You May Like: How Much Does It Cost To Ship Shoes Ups
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 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.
Read Also: Yokest.com Reviews
How Do You Deal With Fakes
Although there are plenty of fakes on the market, there are also plenty of resources that will educate you on fakes and how to spot the differences.
As a buyer, you can ask for detailed, tagged pictures and compare them to the numerous tutorials on YouTube or on sneaker forums that will give you a good idea of whether theyre authentic or not.
Also, if its a new release, only deal with people who include the receipt from the store that they purchased. That way youll know theyre real and also if its your intention to turn around and resell them, then you can prove to buyers theyre the real deal as well.
Another issue when dealing with fakes is selling authentic shoes but having the buyer try to claim that theyre fake. This can be solved by including a receipt as mentioned previously, or you can take detailed pictures as youre shipping to prove that you are in fact shipping authentic shoes.
Be sure to include tracking with signature required and insurance so the buyer also cannot claim that he or she never got the kicks.
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.
You May Like: Nike Shoes Run Small
Top Sports Flagship Store
The Top Sports Flagship Store has been a Top Brand and one of the premier Nike sellers on Aliexpress that is still around. Theyve been around for 5 years and have a 93% positive rating with over 49,000+ followers.
The Nike Air Max is the most popular Nike shoe series in this store.
One of the best selling items in this store is the Nike Airforce 1
- Product Photo
The UP Sport Store is a top seller and sell the Nike Air Max ultra for a price of just $70.08. They have some of the best rates for certain Nike shoes priced at just $70 for most shoes.
Even the Nike Airforce costs $90 which costs over $100 in many other stores.
The UP Sport Store has a rating of 90.2% and their best sellers are
- Nike Air Max 90 Ultra 2.0
- Nike Air Max Essential
- Nike Air Max 90 Womens
- Nike Air Max 90 Essential Mesh, Breathable
One of the best selling items in this store is the Nike Air Vapor Max Flyknit 2.0
- Product Photo
Before You Apply For A Nike Account
Nike products can be found in all sorts of retail shops, large and small, from Walmart to small, independent shoe stores and sporting goods stores. The only catch is that if you don’t have a retail store already, it’s unlike Nike will approve your application. At a minimum, you need a retail store front and a valid business license from your city government.
If you already sell sneakers, sports gear, or own a skater shop, for example, you shouldn’t have a problem setting up an account, provided you follow the company’s requirements.
Recommended Reading: Is Dhgate Com Legit
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.
Cheap Nike Shoes From China Are They Worth It
Cheap Nike shoes from China are not like how they are in the past. These are super high quality shoes and exact Nike replicas.
The best part is about worldwide shipping at a fraction of the cost, if you are looking for Nike copy shoes in the UK or Nike replica shoes in the US, you can still get these shoes delivered from Aliexpress.
You May Like: Is Dhgate Legit For Shoes
