How to succeed in flipping sneakers?: stockx – Reddit
Hey y’all, I am currently 15 years old and want to get into flipping shoes for a little bit of money. I don’t know too much about this, all I know is that you can get new sneakers on the SNKR’s app and the app you should use is StockX. However, it would help a lot if these questions were answered from you guys:Where can you buy new sneakers that come out if you don’t get them on the SNKR’s app. (I know you can go to footlocker and stuff like that but how can I check to see if the store actually has the shoe) long is shipping on SNKR’s app? What is the chance of me actually getting the shoe on the SNKR’s app? If I cop a shoe on the SNKRs app should I then go into StockX and go to the highest price in the size I have and sell it or should I wait for the shoe to actually arrive before selling it? (IDK if this makes sense. )How much profit do you make a month off of sneaker flipping? Is going to Marshalls and other locations with below retail priced shoes worth it to flip? Any other helpful tips I should know of about sneaker flipping would be much appreciated too:D.
So how does reselling shoes work?: investing – Reddit
I don’t think shoes are a wise investment to make any real money. I’ve been into sneakers since the mid 2000s and have seen a cycle where fads come and go rapidly. Many sneaker prices hit a high around release, give or take a month or a few, then slowly depreciate over time, unless it’s a (very) rare shoe. Many sneakers are mass produced and it’s a very fickle market. Over time, sneakers themselves also physically deteriorate, probably not for a while, but generally older ~ rarer, and the more wearable an older shoe is, the more valuable it is. For shoes like Jordans, the brand tends to rerelease certain models periodically, which lowers the stock of what might have been rare before. Nike does this too. But it’s great for people for want a chance at certain models from long ago. For quick flips on current limited releases (for which then, there’s a lot of competition), you can probably net a profit of under a hundred bucks to maybe several hundred if you hit a home run (which, doesn’t happen too often). And sometimes, your item may never sell (at the price you wish). You also have to consider shipping costs, selling fees (on eBay), etc. I just think your time is better spent learning other things. But if you’re really into shoes and like wearing a good variety, go for it. I think that a lot of the time, shoes make an outfit. There’s an entire culture behind it, it’s worth a dive, find out what you like.
I Want To Get Into Reselling Sneakers: Flipping – Reddit
I’ve been lookin into reselling shoes. Im curently in school and currently getting payed minimum wage. I just want to know what i should know more about and what to look for than just buying shoes for retail and selling them for more later. I understand i wont make a lot of money from it and understand i will take a bunch of Ls before i make Ws im just commited on how i can do this thread is archivedNew comments cannot be posted and votes cannot be cast
level 1I’ve done over 100k in sales in sneakers and Supreme in the last year, in my opinion it’s not worth the time and money investment for bots and monitors, try on SNKRS for stuff but the barriers of entry are much much more than they used to belevel 2ThisI buy sneakers and Supreme for myself but have dipped my feet into reselling a few times, It’s not easy if you want to take it reference: I’ve tried on 32 different releases this year between the two and have only hit on 6 but I go manual everytimelevel 2Thanks for the reply, more than likely ill try to get shoes on SNKRS first. I dont want to use bots until i know i have or i can make the money back and im gonna stick to buying few shoes at a time so i learn more on how it 1Start by following sneaker related accounts on social media, insta and twitter etc. Enter raffles for now, go manual and this will help you get a feel for what the whole market is like. Also watch a lot of youtube vids they can teach u a lot. Maybe even join a cook group experienced people can help you 2Thanks for your reply, Yes deifinetly been looking at youtube vids and they have taught me a lot and yes ill start out manual. As for accounts/pages do you have any suggestions? level 1Rnzy, rnzynow in IG, flips regular shoes, both new and used, with huge success. They share info freely and do q&a live streams too. Not hype sneakers, but would be a great source to learn and 2Thanks for your reply, I’ll check them out. i need all the information i could get so that really 1The sneaker hype is almost turning into selling shovels during the gold rush. Its not even as easy as just buying a bot. There are 10, 000 different variables one must learn and be educated on, and you can’t just go to a source to learn. Its scattered information and on top of that, its always evolving. If you don’t have a large, large bank roll and ample time, its going to be very 1I’ve fipped ~ 10 pairs this year, but I don’t really consider myself a pro at reselling app has all the latest drops. I just go on there once or twice a week and scout out new drops that are ‘hypebeast’ and then wait for the droplevel 1Your focus doesn’t necessarily have to be on hype shoes you could also find good deals on goat and sell for higher. I myself am not a reseller but I have a foot or two into the sneaker game and from what I’ve heard, you need to build a good following before you even make profit. Just sell shoes and hope for a positive review and to break even or even a little profit and slowly build your reputation up to where you can start making profit
Frequently Asked Questions about reselling shoes reddit
Is reselling shoes legal?
Generally, it’s not illegal to resell an item that you have legitimately purchased. Once you have purchased something at retail it is yours to do with as you choose. … If you’re using manufacturers’ logos to advertise the products you’re reselling, you need their permission.Apr 19, 2013
Is reselling shoes still profitable?
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.Nov 11, 2020
Is reselling sneakers frowned upon?
Parallel to the rise in popularity of sneakers, the business of reselling kicks has taken off and shows no sign of slowing down. … While reselling sneakers has become more widely accepted, the practice is still frowned upon in some quarters.Aug 5, 2019