How to Earn 6 Figures Income by sneaker Reselling in 2023

What is Sneaker Reselling

Sneaker reselling refers to the buying and selling of sneakers for a profit. It is a lucrative business that has gained popularity over the years. People are making a fortune from reselling sneakers, and it only requires minimal investment to get started.

Sneaker Reselling for Beginners

a. Buying Shoes :
The first step in sneaker reselling is to buy shoes. There are two ways to do this – either by buying from retail or buying from a reseller. It’s crucial to have knowledge of the latest trends in the sneaker industry to know what shoes to buy. Research what people are talking about and what’s popular on social media and blogs.

b. Repairing and Cleaning Shoes :
Once you’ve bought the shoes, give them a thorough cleaning to make them look new. You can do it yourself or hire a professional to clean and repair them. It’s always important to keep the sneakers in excellent condition to maximize profits.

We have also wrote about how to Clean and Cleaning kits available in the market

c. Photographing Sneakers :
After cleaning the sneakers, you need to take clear and crisp pictures of them. Ensure the background is clean and minimal, and the lighting is perfect. The pictures should showcase the shoes’ features to attract buyers.

d. Adding Products to Social Media and Website Through Automation:
Automating your social media accounts and website can save time and streamline your reselling operation. There are tools available that can post items for sale across multiple platforms and even notify you when your inventory is running low.

e. Shipping :
Shipping is an essential part of the reselling process. Ensure you pack the shoes correctly and use reliable shipping services to avoid damages and delays. Always provide tracking information to the buyer.

How to Buy Sneakers from Retail :

Credit : Shane Dayton

Buying sneakers from retail can be challenging, as many resellers are also trying to buy them. To improve your chances of buying, try to go for limited-edition releases rather than general releases. Be at the store early or try buying online.

You can check the list of Upcoming Sneakers release from below Brands :

You can follow the Brand website for their Latest Release and can also set a Reminder.

How Much Can you make with Sneaker Reselling?

Sneaker reselling can be a profitable business, but it requires dedication and hard work. The amount you can make depends on the shoes you resell, the demand, and the markup you set. Some sneakers fetch thousands of dollars while some only a few hundred.

How to Find Which Sneakers to Buy and Sell

Monitoring the most hyped sneakers on Reselling Marketplace/platform, social media, forums and blogs can give you insight into what to buy and sell. You can also use sneaker release calendars to stay informed of upcoming releases

How to Assess the Value of Resale Sneakers

A new pair of valuable sneakers can come far and few in between. To make money in reselling shoes, you need to find pairs sold under reseller price so you can profit off them. But how can you know how much a pair of shoes cost?

Again a site like StockX will be very helpful. The site shows how much the shoes and sneakers cost over a 12-month period. Just like a stock market index graph, you will see the range of how much the shoes are sold in the market over time. Which in turn will help assess which shoes to acquire for reselling.

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.

Things to Keep in Mind when Reselling Sneakers

a. Karma – Build a reputation for being an honest and reliable seller.
b. Be Resilient – As with any business venture, you’ll encounter setbacks and disappointments, but always bounce back.
c. Authenticity – Only sell authentic shoes, as counterfeit shoes will ruin your reputation.
d. Don’t Overprice- Set a reasonable markup price to avoid scaring away potential buyers.

The Pros and Cons of Reselling Sneakers

The pros of reselling sneakers are the potential for high profits, becoming an expert in the sneaker industry, and the flexibility of working hours. On the other hand, the cons include the risk of losing money, the possibility of buying fake shoes, and being scammed as a seller. You can check a detailed guide on sneaker reselling.

The Best Sneaker Reselling Sites :