We'll also quickly review some of the dark sides of selling shoes and a few mistakes to avoid when you are getting started. After spending hours of research and using the little money that I had saved, I bought my first pair of shoes to resell. Since I relied on reinvesting that income into more inventory, that hold took me several months to recover from. Or perhaps negative reviews created by competitors. Short of the long is SELLER BEWARE, there are MANY people on ebay scamming people out of their reals. Growing up a basketball player, it came with the territory. Jv I want to start Im 13, I have the money but dont know were to start. List Your Products. One of the most common questions I get is how do I know which shoes to buy? Shouldnt I be looking for items at wholesale price? He'll teach you how to do the same thing he does, clear the big bucks, in his online course. Thanks for your insight , and great article! Additionally, everyone in sneaker culture hates people who use bots. Really enjoyed your article though. Sometimes, eBay is the only option when wanting a specific style of shoe in a specific size and color. Which brands and models will be profitable? Something went wrong. A new pair of valuable sneakers can come far and few in between. P.s your article was extremely helpful. I created a IG page & want tips on how to find steals and buying bulk. The best brands to resell on eBay are practical, comfort, well-constructed, durable, everyday shoes. I would contact you about that in a couple weeks, just trying to get ahead on resources. I am a 13 year old sneaker reseller, I sell my shies through goat stockx and instagram @durham_kix . I know the industry is hotter than ever now. On the flip side, you don't get the personal touch from consignment stores that go with seller-to-buyer transactions. After learning about affiliate marketing and SEO he has since created several niche sites to further increase his business income. Some of those lines withstood the test of time and exponentially increased their resale value since their release. Yeah dude, he was buying fakes, and marketing them as real pairs. If you are one of them then you should try different places to sell your least favorite shoes and make some money. Here you'll find awesome shoe vendor options, plus the answers to all of these important questions: Why sell shoes online? I see 20-30 people running this scam a week, and it annoys the hell out of me. That means hes probably doing $50-100k in sales per month. So if you sell a shoe for $100 plus $15 shipping, or anything really, on eBay you will pay eBay 10% on the $100, 3% (approximately) on $115, and another finalized cost through eBay that fluctuates. Ask the seller to take multiple photos of the sneakers with the latest edition of the newspaper to see if it's for real. I decided that, rather than dealing with speculating market forecasts (i.e. Reselling shoes isn't a rare phenomenon. Preowned shoes are one of the most popular. I'll also send you my best side hustle tips and weekly-ish newsletter. Are You Ready for the Rigors of Sneaker Reselling? One guest of mine reported earning up to $4000 a month re-selling used books. Hey! And if you want to connect with fellow sneaker lovers in person, try SneakerCon. 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. can I sell nike shoes on ebay? Between the AIO Bot, checking the price on StockX and buying/flipping on eBay, you can get started right now. Im 14 and I also do shoe flipping. In this realm, people were paid based on their trading performance, making millionaires out of some from blue collar backgrounds. Definitely wanna start flipping, great article. The site shows how much the shoes and sneakers cost over a 12-month period. Wow, really interesting. I know this article is old and hope you still reply to these comments. 3. I would spend hours in middle and high school looking at sneaker magazines. Buying low and selling high is the fastest way to multiply money. You find used or new sneakers with a high resale value. I just dont want to get to the end of the year and realize I made 10k in profit and didnt think through the tax implications. This is not a bad way to make money, and you'll learn the exact process later on. You can create an account, list a product, and sell itall in the same day. Even though only an estimated 4% of sneakers end up being purchased for immediate resale, the market has attracted side hustlers and entrepreneurs. The government can track all of this so eventually if the feds take notice of you, they will audit, and you will owe back taxes and penalties on your profits for all years in operation. But, Ive only been buying and selling yeezys. I have done in the past ebay. Check out the Hypemaster Playbook for a great course into the reseller sneaker world. Net profit is over $100,000. Ever since the 70s, there are only two brands that mattered to most sneakerheads: Nike and Adidas. Thanks for sharing. 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. At best, I was making a $10 profit for each item I sold, and at the peak was selling 5 items per week. Jasper AI Review (Jarvis AI): Is It Still The Best AI Writing Assistant? Avoid price drops by selling quickly You can earn significantly more money if you move your merchandise quickly at top dollar. Just looking for a way to get my foot in the door. Hey this is Tj, I have a couple questions about buying reselling shoes. As someone who always had an entrepreneurial ambition and a hustlers mindset, I was craving the right environment to really reach my potential. I was searching for items that were selling for around $500-1000 that I could make a profit from. While profitable, if you want to start selling shoes on eBay for maximum profit, there are some things you will want to know. These skills I have learned through selling shoes have given me gifts that I never got in any kind of formal education. Once you install it on your computer, you can choose which shops you want to buy from. You don't want to start in this kinda business too naive to the processes. With almost 80 million Baby Boomers - and older Gen Xers right behind them -, there is a huge market for comfortable shoes. For new shoes, youll go directly to the brands website (adidas.com, nike.com, etc.) Learn the insider secrets of finding $1000s in profit right in your hometown. 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. It seems almost impossible to buy shoes on release date. Hey JV could you please give me some info on how to acquire shoes in bulk for my resell business? I'll also send you my best side hustle tips and weekly-ish newsletter.Opt-out anytime. If you have any suggestions for buying bulk or what to search to buy steals and places to get shoes to keep the inventory going and how to build relationships/connections in the sneaker world I would really appreciate. Thanks to Stephen Curry, Under Armour's stock is rising. Vintage Clothing. JV And now youre selling a book on it. From $1 T-Shirts to $1,000 Sneakers: My Reselling Story, My First Profitable Flips: Starting with $1 T-Shirts, Scaling Up the Sneaker Flipping Operation, Join the 100,000 Who Get My Best Stuff via Email. It is something that comes with the job and a burden that every reseller selling directly may have to bear. If you sell 10 pairs a month, that's $240 in profit, if you sell 100 pairs a month, that's $2,400 in profit! Hire an accountant? Ive recently became interested in buying and reselling shoes. Sneaker collecting is very much a thing. Heres a free guide to how these programs work. 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. He hosts the award-winning Side Hustle Show, where he's interviewed over 500 successful entrepreneurs, andis the bestselling author of Buy Buttons, The Side Hustle, and $1,000 100 Ways. Like do you add to a part and once you start checking out its yours? I'll never. Ive donemost 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. But, this is a great side hustle and I want to maximize my profits and money I have and can invest. 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. Another flipping business I want to share is my friend Robs he runs Flea Market Flipper and Flipper University ( use code SIDEHUSTLE100 for $100 off). Im SOOOOOO overwhelmed Ebay sided with the buyer and my brother was forced to give a 100% refund including shipping + he had to pay to have the buyer return the shoes. Do your research and find available shoes that you can purchase even before you have the money to buy them. Tagged, hi-res pictures of the item are one way to check if the kicks are legit or not. Some brands of shoes can sell on eBay for over $100 in preowned condition. A typical online store that sells shoes online earns around $800,000. That being said, when you're starting out reselling sneakers and learning about the resale market for popular sneakers, you should stick with the most popular brands. Now THATS hustlin!! Sneakers checked those boxes very nicely. This is a headache, but it is one you can workaround. Cell Phones & Old Tech Selling items like old tech can feel like a headache, but I've found that eBay is one of the easiest ways to make some money from popular cell phones and old tech. 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. Your comments about paying taxes was the most informative part of his article! One gal I know is a full time nurse and has a very successful eBay store full of shoes. :-), Can you say Yesssssssssssssssssssssssssssssssssssiiiiiiiiiiiiiiiiiiiiiiiiiiiiirrrrrrrrrrrrrrrrrr? :-). Most people found to be evading taxes in an audit is subject to audits of their return every year going forward as well. I would like to ask you a few questions about that so if you could supply your email maybe so I could contact you when needed would really appreciate it. Thanks I am trying to sell local, but have added one pair of Air Jordan to start on Ebay. Still, I love the feeling of doing in-person deals either through Craigslist, sneaker conventions, or Facebook/Twitter groups. If you use eBay Labels, everythingincluding the unique code that allows the authenticator to process orders smoothlyis included. But like i asked are you able to get the shoes at retail price or are they all resell price at the shoe convention. 2. Plus you'll learn important information like: As a heads up, if you want to get started reselling shoes. This is true with any shoe worn in a profession where things get messy, such as food service or the medical field. But, as we age, feet problems may be the first sign of needing to slow down; so Baby Boomers seek out comfortable shoes so they can continue their active lifestyle of traveling, exercising, working a part-time job, or whatever activity they desire. Reselling shoes are similar to the stock market. Again a site like StockX will be very helpful. In these days, news spread through word of mouth and Eastbay mail catalogues. How Much Can You Make With Sneaker Reselling? This is against the ToS for most sites. I would be so grateful for any tips on places to purchase if possible please. However, if you're not much of a salesman or a people person, then this perfect. Click here to learn more about how to get started, or listen in below: And head over here to join Jessicas free 7-day course on getting started selling on Amazon. Therefore, you need to immerse yourself in the sneaker culture and apply yourself 100% to have a fighting chance. Paypal also takes around a 3% cut of your sales revenue to include the shipping cost. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Also for a school project I am doing sneakers, reselling, and the secondary market created. 1. 2. My blood is starting to boil again so Im gonna stop but yes seller beware on eBay!! Join the Free 5-Day $500 Challenge. So please email me. And also theres tax to pay at the end of the year. Best Regards I sold them hours later for $300 an $80 profit after shipping and fees. I think youve opened my eyes and changed my strategy! Also, read the comments and reviews of other buyers. Also I just learned that people sell fake shoes and I almost ruined my whole business with this issue but luckily I sold the shoes to my friend and he came back and showed me the way to identify fakes from reals! You need to discern which among your potential buyers are trustworthy. I bought a text book about 3 months ago for 50 cence. Reselling shoes is a fun way to make money on the side, if not as a full-time income regardless of your age. It seemed pretty time consuming to me, but you make it sound like it isnt so bad. 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? eBay listings are where you'll provide all of the information about your product, from the title to the description. Yes, I did chec k the sold items on ebay and the averages are not on the reseller side. Then, you can buy similar brands and style of shoes that you kind would fit the trend. Therefore, you need to keep working on gaining the trust of buyers and continue marching forward. This post offers a great overview, but you will need additional information if you're getting into the game of buying and selling sneakers. How to Scale and Outsource 90% of the Work, Allowing Your Empire to, Subscribe to the Niche Pursuits Newsletter delivered with value 3X per week. Learn How a SneakerHead Makes Six Figures Here. ~ Philip. This guy is profiting 10k/month? Another issue when dealing with fakes is selling authentic shoes but having the buyer try to claim that theyre fake. West also collaborated with other footwear such as Louis Vuitton, BAPE, and Adidas. Is Googles Search Generative Experience (AI) any Better Than Normal Search? Lastly, check if the reviews were from real buyers and not profiles that were created to help hike up the seller's rating. Her 19-year-old son was running a million-dollar reselling business sometimes making purchases with his mom's credit card. This is pretty cool, and it's an advanced technique taught in depth in the 5 part guide. 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. Another common mistake is not warning PayPal about a surge in transactions. How to get started selling shoes & sneakers on eBay for beginners. Up to 12 photos of the high heel shoes you're selling Along with the information above, you will need to add specifics about the high heel shoe such as: Size Brand Style (Heels or Enter Your Own) Material Manufacturer Parts Number (MPN) if applicable Original or Reproduction New or Used Flipping sneakers online is a no brainer. Forbes estimates that the resale market for sneakers is estimated to be over $1 billion annually. And besides that, you also need to find out where the best places are to find and acquire the most sought-after shoes. idk why im even bothering to respond to your post. Many can be found in local retail stores and will sell for a high profit because consumers are creatures of habit they don't like change. While sneakers are some of the best items to flip if you have a sense for whats hot, there are certainly plenty of other options to buy low and sell high. That is a great idea! Their resale value is now between $5,600 to $6,400. If I get them a like 5 days before the released local retail would be a way to make money. 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. Many of these extensively cover the needs of sneakerheads at all levels. Plus your buyers will be more likely to take a risk when their investment is low too. In particular, the Air Jordan 12 Flu Game shoes, where he willed his body to score 38 points in a pivotal game 5 of the 1997 NBA Finals, tops the list at a whopping $104,000. eBay makes a great side hustle when done in the right way. We've already discussed the sneaker industry in general above. Today, eBay offers free authentication services for orders over $100, and seller fees ranging from 7%-12.55% (sellers are eligible for lower range if shoes are over $100 and you have an eBay store). One of the main reasons your hustle worked is that not everyone and their mother were doing it. I recently just tried out a new Buy and Sell site called Cloutor that really seemed to work well. This is great content. Hey JV, Great article and motivation. To make money in reselling shoes, you need to find pairs sold under reseller price so you can profit off them. In fact, even gently-used regular name brand shoes and boots can be flipped for profit. From local shops running clearance sales! Mine still have the green stock x tag and barcode I am trying to flip these for college money and I wanna get a good profit. Six Figure SneakerHead HypeMaster Playbook Here. Just been scrolling and was wondering if you could email me I got a couple of questions I would like to ask just from one reseller to another. Many people have gone bankrupt as a result of this. When you buy something through one of the links on our site, we may earn an affiliate commission. Instantly I knew that I wanted to start selling shoes. Pack the shoebox and the packing slip in a larger box and line the sides with bubble wrap to avoid shifting in transit. If any of you could help me sell some shoes, that would be great! Im exposed business ideas and ways of generating income that I never thought could be so lucrative. Im looking for a good place to bulk in bulk and get steals. 1. I had a friend that dabbled in this a few years back and made several hundred bucks per flip. This guy is talking about doing it in 2015, check the pricing then. If you can get past the "ick" factor of handling, cleaning, photographing, and shipping someone else's preowned shoes, you can make good money on eBay. Content Pit Review: Is it Possible to Find Fast, Inexpensive, and High Quality Content? 5 Brands of Shoes to Sell on eBay for Profit Some brands of shoes can sell on eBay for over $100 in preowned condition. It serves as a middlemen between buyer and seller. I really want to score a pair of the reflective shoes as those sell for way over retail. The most expensive and sought-after shoes and sneakers in the secondary market, How to find the best shoes to buy and where to sell them, Additional tips to help you make the most out of reselling shoes. I have been pretty successful and made about 3000 dollars of profit in my first year, which may not sound like alot to you, but I was pretty proud of it. 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 (there are lots of marketplaces like Stadium Goods to help you find some gems). But over time and with enough practice of buying and selling, you will be able to discern red flags much easier. The one who profit are sites like stockx (multi million business), fake youtubers and so on and on. Did you forget to read the part where he mentioned he was flipping Yeezys back in 2015? I have some questions if you wouldnt mind emailing me? Thanks @pluggofnc. I agree with the article as soon as buy them. A lot of guys are running this scam on Ebay. (At the time, I was looking for a better way to make money in college than working a retail job that paid slightly more than minimum wage.). Also, if its a new release, only deal with people who include the receipt from the store that they purchased. In other words, the sneaker reselling business robs collectors from pursuing their passions righteously. 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. Easiest Things to Flip for Profit on Ebay in 2021 Wondering what the easiest things to flip for profit are? Sneaker collecting has never been more popular. It was a pair of Jordans that I bought for $190. I've sold a few old iPods and smartphones, even some I found at thrift stores, and they sold pretty quickly on eBay. Cheers. My brother won two pairs of Yeezys a couple years ago at the behest of his son. Well, the buyer claimed they were fakes. Cool? Thanks for writing such a great article to read! Should you sell on eBay? You don't need to be speculating or searching for rare sneakers until you dive deep into the sneaker culture! If they're not used to seeing a lot of movement in your PayPal account, many transactions in the thousands of dollars for used sneakers could get your account flagged. And they can find exactly the shoes they need on eBay at an affordable price. They may frequent thrift stores, garage sales, estate sales, or consignment stores for deals on items to flip on eBay. Because I was so inspired by traders, I first tried my luck trading stocks but ultimately lost money. To make a profit consistently in this niche, be sure to advertise your wares on the right social networks and websites. They may think that no one would buy used shoes anywhere, much less online without even trying them on. You're in! I know that Im not as credible as the author up above but here is my thoughts. Ive got a couple questions for you. Seems interesting though and I love the . His work has been featured in The New York Times, Entrepreneur, Forbes, TIME, Newsweek, Business Insider, MSN, Yahoo Finance, The Los Angeles Times, The San Francisco Chronicle, Hubspot, Ahrefs, Shopify, Investopedia, VICE, Vox, Mashable, ChooseFI, The Penny Hoarder, GoBankingRates, and more. If you have ever shopped for someone with a wide or narrow foot, you can relate. Hey JV, could you please email me with some advice as well on how to acquire shoes in bulk? Congrats on your success! Which lots of people do on Ebay. I appreciate the assistance in advance, thank you! You'll need to check the trend and volatility of the sneakers to come up with a price that will make you and your buyer happy. At the top of the heap, some resellers are moving more than $2 million in inventory a year. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. 7. You dont just start selling and immediately make 10k a month. Still the opportunity to make money like traders do, by buying low and selling higher, made a lot of sense to me. Clothing, Shoes, & Accessories. He gave one to his son and the other pair he decided to sell on ebay. This would be with regards to buying a bit more sneakers in bulk and some of the places to get these kicks from. Louis Vuitton has even released sneaker collections for those affluent and interested. (And at $10k a month, I dont blame him!). VP of Nike North America Ann Hebert resigned, How 7 Niche Site Owners Are Using Link Whisper To Grow Their Sites. I had finally found a product that met all of my criteria: high ticket items with good margins that sold quickly. 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. Nothing else. Longshot AI Review: Is It The Best Fact-Checking AI Writer? Someone else's foot has been in the shoe, and that can mean odor, fungus, or other health issues. I also noticed in the comments about being banned from websites or your payment details, address being banned ect. with over 1,100 5-star ratings! As our population ages (Baby Boomers are leading the way), foot comfort is of paramount importance. We will never spam or sell your information. In the beginning, learning about the sneaker resale market, secondary markets, and spotting fake sneakers will take up plenty of time and energy. Lets get one thing clear. So, it is wise not to delve into the high-end designer shoe market. actually gambling), I should sell things that real people actually buy. There's nothing wrong with reselling as a hustle, but it potentially robs people who are genuinely interested in the kicks and plan on collecting and wearing them. You've come to the right place. They sell out so fast. My mind started spinning and I became super driven to learn all that I could about the shoe reselling game. The goal is to create an efficient and scalable process. He now sells to Flight Deck, takes a 20% commission hit, has to pay shipping to them but at least he is guaranteed not to get screwed by unscrupulous buyers and ebays commitment to ALWAYS side with the buyer. It'll also help you sell the sneakers since you have tangible proof that the shoes are indeed real. And let's not forget kids' play shoes. The market dictates the price, and an unfair price is the one that no one will buy. The process for how to resell shoes is pretty simple. Basically what im asking is do you unload immediately every time or is it case by case and ive just caught to bad ones? First, sellers have to find those items at a low enough price to sell them for a profit on eBay. I am very interested in starting this type of business and would like to know if I may be sent any additional info like the commentors above. So yeah, going legit sucks cause youre paying the government taxes on work and risk you did yourself, but it is what it is. Man I fell to this too! Without a mentor, your chances of losing money and wasting time are higher since you're competing with experts. Do you have a good bank-roll and plan on buying a large number of authentic sneakers before selling? Hi Chris, Now you just need to hop onto Hyperbeast, Stock X, Highsnobiety, Sole Supremacy and many other sites to keep track of the sneaker fashion market. Any help on that? You're in! this is a brilliant piece of information. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Niche Pursuits is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. In fact, they were almost universally selling for less on eBay than they were in the store, even when they were on clearance. Can you also give me some advice on where to buy in bulk Im 15 and just starting to get into reselling. Dealing with watches could be profitable but required a great deal of capital, knowledge, and reputation. use code SIDEHUSTLENATION to take 12% off, checking aftermarket prices on sites like eBay, Click here to learn more about how to get started, Join the free Side Hustle Nation Community. For anyone that wants to get a side hustle going but doesnt know where to start, selling sneakers is one of the best ways to learn valuable entrepreneurial skills in real life, likecustomer service, profitably managing inventory, and learning to set and achieve goals. Bro they are dropping yeezys right now for 300 and they will resell for 800 easy you clearly didnt do your research before making a comment did you? If youre buying inventory to flip, itll be easier to hit the minimum spending requirements for fatty sign-up bonuses. The collection is notable for its reverse swoosh and hidden pocket. For more information on PayPal fees, check out the PayPal website. This is a fantastic side-hustle that can also be enjoyable. Below are a few more tips for reselling shoes for top dollar. My plan is to sit on them for a bit and wait for the market to go way up on the shoes. I would love to get some advice from someone like you who obviously knows the market well and has quite a bit more experience than myself. I am wanting to know about buying shoes in bulk and being able to make $5,000 a month or so buying and reselling shoes if you could email me at tjturner23@yahoo.com that would be great! Its good that I was making some money on the side pretty consistently, but I became hungry for more and started to brainstorm ideas. It will likely be impossible to remove malice and violence from the equation. Thank you for your time, Thanks. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); ABOUT CONTACT BOOKS WRITE FOR US ADVERTISE MEDIA, Terms of Use | Privacy | Disclaimer | CCPA | Do Not Sell My Personal Information. She operates a virtual assistant business for sellers on eBay. In today`s fast trending world, an individual and firm always looks for new ways to make money and this ideas of making miney with the old shoes by reselling it is very interesting and eyes catching. Plus Side Projects and Weird Niche Sites, How Mahy Elamin Left Her Pharmacy Career to Build a 6 Figure/Year Food Blog, ChatGPT for Customer Support: 7 Innovative Ways to Delight Your Customers, 7 Powerful Ways You Can Use ChatGPT for Research. with written proof of ownership, often the day/time on a piece of paper next to the shoe in each picture.) Or, sellers may not be able to get past the ick factor of used shoes. Which in turn will help assess which shoes to acquire for reselling. So while there may be more competition there's also means more opportunity, especially if you niche down. Sneaker Reselling Tips and Things to Remember, Things to keep in mind when reselling shoes, How to Resell Shoes while Avoiding Common Mistakes. Using Bots to win sneakers can/will get you banned from a lot of the more reputable websites (Supreme, Adidas, etc.). This is software designed to help you snatch up limited availability stock in fractions of a second. Shop new & used Nike Kobe 4 Protro White/Black/Metallic Gold/Bright Emerald 2023. . 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. Below are some of the most hyped sneakers in the resale market pioneered by the two big brands: But there are other up-and-comer brands with pairs of sneakers worth looking into. A similar amount of work for 10x the results. And sorry i just thought of another question i see a lot of people buy some shoes in bulk at these events is there a minimum amount you have to buy. There are a ton of these options to help automate the process of finding the shoes that you want to purchase and flip. Over time, new ways of marketing to resellers will increase and become more complex, and there's nothing you can do but keep up with the changes. Hey Im 16, I wanna make some extra money could you give me some advice to start selling and flipping items? Hello JV im not new to the sneaker game but would love to pick ur brain about a few things this was a instresting read. On the one hand, some consumers have a passion for sneakers and use them to promote their fashion sense. But one you can check out is AIO Bot. Hello, Im Quin ive been reselling for about 2 months now, Ive been pretty successful with new releases. I actually love sneakers. Its that constant shortfall on the supply side that fuels the resale market. Therefore, you can buy and sell directly through the website. I can get most of the released shoes. can sell for $100 on eBay, in used condition. Could you shoot me an email as I have some questions for you. But, at the same time, it also has drawbacks that are entirely avoidable - and we're going to show you how to side-step them with relative ease. This app is great for buying and selling sneakers and is huge among sneaker resellers. So please email me and Im looking forward to talking to you about this. What I would do is wait until online retailers like Asics, Brooks, Nike, Adidas, Fila, and others have a super clearance sale. Put it that way. Im also very intrested in the sneaker business and looking to obtain the same level of success. However, many people do not have $350 to shell out for a pair of shoes; so, they look on eBay for quality shoes in gently used condition. This fee is calculated before eBay fees. Finding Profitable Shoes To Sell. Like most things in life, if the price is too good to be true, then it's probably fake. Others would run to their nearest Foot Locker to get the latest pair of shoes. Or, you can create your own e-commerce shoe website. Isnt that the objective of the reseller? This obviously doesnt apply to the places you are attempting to sell them so much as it does to the forums you go to just talk about sneakers. I was forced to refund alot of people who I already sent items Menu eBay eBay HelpSign In Community Seller News Announcements Seller Update Archive 2022 Fall Seller Update 2022 Spring Seller Update 2022 Winter Seller Update Some shoes sold fast and others still sit in my room! Since Ive never owned my own business before, my question is what is the best way to handle finances / taxes? Some may just be complaining about relatively trivial stuff like slow delivery time and those that have nothing to do with the actual shoes. Health and beauty items. 1. I would get my business license and then try to see if i can get a better deal and make a better margin of profit! First, I ended up with some fakes and it was a mess trying to get my money back from the seller or PayPal. The latter started their partnership with West that ended up being the Adidas Yeezy Boost line. Nicks Notes: As you might expect with shoes that sell for $1,000, theres a thriving black market for counterfeit sneakers. Obviously, these are just made up numbers, but it's always a good idea to run some likely scenarios before starting a business to make sure it's worth your time! These all allow you to put your personal touch on your sales process. Leave no stone unturned and make sure that you are honest in your description. If you're ready to learn how to become a successful sneaker reseller, you'll want a mentor to speed up the process. But I do have a few questions if you dont mind answering. The award-winning Side Hustle Show is a Hey JV. Grab the companion workbook and earn $125 more (on average). She only sells new shoes and guess where she gets them? Below are some of the more pressing issues: While it's important to be excited and have the energy to really jump into the sneaker resale game, sometimes you need to slow down. Hes been at this business for two years and actually quit his job to pursue this venture full-time. The sneaker flipping business attracts hustlers of all ages. I have 4 pair of Yeezys Im sitting on right now. URL is cloutor.io if you want to check it out. Just ready this article. On the other, resellers try to get their hands on the most hyped shoes and resell them above their retail price. What are the fees for selling sneakers? Even the top shoe reselling hustlers have been taken in by fake sneakers before. Your posts are always easy to understand and Helpful. I have more coming in too. Adidas began unwinding its unsold inventory of Yeezy-branded sneakers Wednesday as the company tries to put its partnership with rapper Ye, formerly known as Kanye West, firmly in the past.. Why it matters: Adidas still holds more than $1 billion worth of shoes from the collaboration, which ended last fall following erratic behavior and antisemitic comments from the artist. If you want the traditional way of reselling shoes, you can always go the way of Facebook marketplace or Facebook Groups, Craigslist, and eBay. You then buy multiple pairs at a competitive price. Authenticity Guaranteed on shoes over $100. The sneaker market has expanded and grown exponentially since online channels began gaining traction though (and there are lots of online marketplaces out there like KicksCrew or StockX). Thank you. Reselling is a great income stream! I know there is other shoes out there that I can make a profit on. I was wondering you could provide any advice for someone trying to get into reselling sneakers. Nicks Notes: You may be able to add to your profitability by taking strategic advantage of credit card rewards programs. Learn how to profit from the sneaker reselling industry right here. Hope this helps some of you aspiring resellers out there!What I Sold on eBay Video: http. And how much you can make if you dive in. Are you looking for the best places to sell shoes online? I tried the whole selling DSW shoes for a while on ebay but found myself relisting the shoes about 5x and in some cases they still did not sell even though I had a very reduced price. If people arent smart enough to ask why would you sacrifice your hustle by writing an article telling everyone about it, then they arent gonna make donkey donk hustlin sneakers. Many people selling shoes now and they mostly not profiting anything. Thank you. Both brands have produced lines of sneakers and shoes for athletes and artists. How do Sneaker Resellers Get so Many Shoes? Simple as shopify is targeting kids to dropship products and be a multimillionare at the age of 3 :D DREAM ON! Do you have anymore info on aiobot? You have to hustle for months maybe even years. Listen in your favorite podcast app or directly in your browser. At thrift stores, I could pick up t-shirts for $1 or $2 and sell them for about $10. After reading this I have a couple of notes to add that may be helpful to anyone considering this. I have a pretty good knowledge of shoes and which ones that has a higher resell value, for instance I just bought the off-white UNC 1s for $400.00 and I have a buyer that is wanting to pay over $1,000 for them. For international transaction, PayPal charge 4.99% + $0.49. Back in the day, people had to scour through thrift stores and flea markets (don't forget online flea markets) looking for buried treasure (shoes far below their retail value). RankIQ Review: Is This AI SEO Toolset Worth Your Time and Money? Compared to some other options for how to make extra money online, the sneaker resale market is actually very profitable. Like mentioned before you must do your homework very thoroughly. Your transparency on reselling is much appreciated. After 4 months in, he was clearing over $10,000 per month. From the schoolyard and the streets to online marketplaces, sneaker enthusiasts connect over their passion for fashion and make a quick buck. He got his start flipping sneakers as a side gig while working retail. Taking the time upfront to make sure you have the space, tracking setup, and a backup plan in case things go sideways will save you a lot of headaches in the future. In fact, you can quickly make a list of the most expensive sneakers based on his shoes alone. If done successfully, you can start buying in bulk and multiply your earnings even more! Places where your competition is likely already very familiar. A quick search on eBay for Nike Air Jordan 12 yield these results: There's a chance you will see shoes way below market reseller price and sell them more than 10x you bought for them. I see a lot of people saying they want to make 10k+ a month. My brother showed ebay all the proof of purchase, screen shot of winning, shipping, even credit card slip for the purchase and shipping. Try to avoid getting into a he said, she said argument with the seller of fake shoes. Choosing products to sell which align with this movement can increase eBay sales and raise your chances of success. Like maybe 1 to 2 years when the shoes get more rare and not too many pairs are out there any longer. When selling shoes, it can be easy to amass a bulky collection that you have to keep somewhere. If you have to upgrade to a business account, so be it. Hey, I noticed that when you mentioned the use of using sneaker bots you added a link to AIOBOTs website. Easy money most of time.. Man I wish I had those Jordans 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 the quickest and easiest money I had ever made. Yes, shoes can be counterfeit just like handbags. I had seen documentaries about such environments that were meritocracies like the Chicago Mercantile Exchange, where formal education didnt matter at all. Also got a pair of the KAWS Jordan 4s in black that just released and the prices Im seeing have dropped by the hundreds. I was stuck and didnt know what to do. Thanks for the article. Well written with lot of history and activities. Thanks and I really appreciate it. Well. I have the 350 black, I have the 350 zebra print, I have a pair of citrin, and I have a pair of the 350 yecheli as well. Sell them quickly. For this sale, the platform takes 8% of orders $50 or less and an additional 5% of any remaining balance that exceeds $50. However, none of them made over to stores as all pairs were sold through auction. Nicks Notes: The resale market for shoes goes far beyond just these limited-edition sneakers. 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! Shane spent years using his online writing skills to earn a living online and live the life of a digital nomad. Hi Theo, Thanks for writing such an awesome article to read! As a best practice, you need to be descriptive and detailed as possible about the sneakers. Instead, you can piggyback on the popularity of existing brands. I think about the 5th year in for me, the feds tried to assess ~ $30k in taxes on me for the previous year, but I demonstrated that I reported all business activity on my tax return, and they dropped the audit/inquiry. Want to supercharge your challenge? From what I understand retail price is the final price any final buyer would find in any store. And for individuals who can get a good deal on rare sneakers like a limited-released pair of Nike Air Jordan 2 Just Don or the Nike SB Dunk, the reselling sneaker business can be ridiculously profitable. There are also more tools that you should look at including the GOAT app. But as i am older i am trying to jump back in it and i know you talked about sneaker conventions like Sneaker-con and their events. For this, I recommend checking out the Six Figure SneakerHead HypeMaster Playbook Here. I think Im going to try it JV selling shoes I really into them kind of a hype beast. The short answer is I dont I try and sell each pair as quickly as I buy them! Can you recommend a site where I can buy designer shoes with a high discount? In my local area, some guy was only offering me $160 for two pairs of brand new Reebok pumps! 3. In fact, a pair of Yeezys is some of the most coveted shoes in the market outside of Jordans. Idea for kids to make money that doesnt exist. 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Online writing skills to earn a living online and live the life of salesman..., estate sales, estate sales, or Facebook/Twitter groups but dont know to. Over time and with enough practice of buying and selling, you need discern. The year even is selling shoes on ebay profitable things to flip for profit na stop but yes seller on... Sites like stockx will be very helpful still reply to these comments edition! 50-100K in sales per month increase eBay sales and raise your chances of losing and! And buying/flipping on eBay and the prices Im seeing have dropped by the hundreds authentic shoes but having the try! Through word of mouth and Eastbay mail catalogues my taxes as a heads up, the! The comments and reviews of other buyers you buy something through one of the most informative of... These kicks from and few in between industry right here done successfully, can... Been buying and selling sneakers and shoes for athletes and artists a week, and marketing them as pairs! 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