Where and How to Resell Sneakers – A 2021 Guide

by: Tilda
January 23, 2021

Where and How to Resell Sneakers – A 2021 Guide

2021 is a fresh start for all of us, including those of us in the sneaker industry. Since it’s growing exponentially, it’s getting a bit trickier to get into the resale industry. But even if it’s a bit harder, it’s not impossible, and if you play your cards right, you’ll be making cash real quick! Now that you picked your sneaker bot and copped, it’s time to move to the next step. But if you’re not ready just yet, that’s alright. But for the time when you’re ready to dive right in, we’re gonna make it as simple as possible! So read on for tips on how to resell sneakers in 2021.

Though in case you’ve missed on a sneaker drop because you made the mistake of not running NSB, here’s where you can find it now.

How to resell sneakers 2021

How to Resell Sneakers: The ABC of It All!

We’ll go into each of these points in detail later. But if you’re in a rush, here are the basic points on how to resell sneakers once you’re all ready. 

  • Save enough capital to cop
  • Be patient
  • Know the sneaker culture
  • Do your research and stay ahead of the game
  • Study your resale options

Have Enough Capital to Cop

You’ll need to start with some money that’ll at least get you a couple of pairs. So start with something between $500 and $1,000! But if you already own a sneaker bot, you can start with as little as $200 – $400, enough for you to cop a Jordan 1 high or a new Yeezy.

have enough money

If you don’t have that kind of money, you could go for a low investment from your local sneaker shop. Sometimes, you could find kicks on discounts at stores and outlets. You can check how they’re doing in terms of resale online by checking their code. Some of them could help you get started if you’re not starting with much! From then on you can build up your resale game, Which brings us to our next point.

Be Patient

You don’t become a reselling sensation within a day or two unless you’re very very lucky. You’ll probably start off with kicks that give you average profits, and then slowly, this profit will increase. And if you manage to snatch a really hype sneaker, then good on you!

how to resell sneakers - Patience

Know the Sneaker Culture

You really need to know your way around the industry before you decide to go into the reselling game. The process is pretty simple once you’ve been around for a while. You’ll be part of communities on Reddit, Discord, and even Facebook where you’ll learn what’s in and what’s not. And after some time, you’ll develop the natural knowledge to judge which kicks are worth the cop.

Do Your Research and Stay Ahead of the Game

This could be the most essential point of them all. It’s crucial that you do your research before any sneaker drop. Today, there are so many sneaker news outlets that it’s very easy to keep tabs on the latest and future releases. If you’re into reading the news, there are so many blogs that can help you do that, including NSB’s blog! If you’re more of a visual learner, all you have to do is look up the sneakers on YouTube. Instagram has also become an important part of the industry in the past few years, especially if you like flexing kicks. Finally, keep an eye on comments everywhere, you’ll get an insight on what the community thinks about any kicks.

Do your research

Study Your Resale Options

Now that you know what to buy and what not to, it’s time to flip! Once again, it looks hard, but you’ll easily get the hang of it. First, you should know where to resell. You’ve got some pretty authentic websites, shadier ones, and free markets. We’ll get into those in detail in the next paragraph! So hop on with us to discuss where and how to resell sneakers on the aftermarket.

Where to Resell Sneakers

So where should you resell your sneakers? Now, we’re gonna go into some details. Which is the best, the worst, and deets every seller should know about. Today, the most authentic resale websites you’ll find are GOAT, StockX, Flight Club, Grailed, and Stadium Goods. Here’s a list of seller fees you should know for each of these platforms, and an example!

how to resell sneakers - aftermarket

  • GOAT: Seller fees range between 5% and 30% depending on where you are in the world. There’s also a commission fee of 9.5% that could go up to 25% if you get many cancellations. These are deducted from the value the kicks sold for. Here are the full fee deets.
  • StockX: First, you have a 3% processing fee that makes everyone angry. Moreover, there’s a transaction fee that starts at 9.5% and decreases as your level up as a reseller. Here’s the fee list. So, say you sold a pair of Yeezy Carbon for $400 for the first time. A total of $50 would be deducted from this. So you’ll be getting $350 instead of $400. Surely not a dealbreaker, but some would prefer lower rates.
  • Flight Club: 9.5% commission fee plus a $5 seller fee, in addition to a 2.9% cash-out fee.
  • Grailed: There’s a 9% commission fee, so if you’re a beginner and want the lowest deal, it’s Grailed for you! Moreover, there’s a PayPal payment processing fee of 2.9% or 4.4%. That depends on whether you’re doing a deal inside the US or outside.
  • Stadium Goods: So, this one is a bit different than the other websites. That’s mostly because of the brick and mortar location they’ve got! Therefore, you’ll be splitting the wins 80/20 with the consignment store.

More Resale Platforms

We got the most authentic websites out of the way, so let’s move on to others. One of the most renowned reselling platforms is eBay. Although they added an authentication process in 2020, they’ll side with the buyer if anything happens, and that is known. The upside though, is that there are no seller fees for kicks you sell for over $100!

how to sell sneakers - social media

Other places you can flip your kicks on are Instagram, Facebook, and Discord. Of course, you need to have a strong trusty community there, so make sure you build a rep. Another way of reselling your kicks is Reddit. r/Sneakermarket is a subreddit that hosts the reselling community. The sub is pretty straightforward: no fakes, no scams, else you’ll get banned. You can always check the community guidelines there for pointers! And since you know all the interesting bits, you’re ready to go on the path of resale. But make sure you get a sneaker bot willing to give you what you need!