The sneaker industry, aka the athletic footwear market, will be worth USD 196.1 billion by 2030 according to studies. Now, many are into it for many different reasons. Some are die-hard sneakerheads who just love sneakers and the stories behind them. But others are into it for the profit. You see, with a market this rich, you can totally expect the sneaker reselling business to be booming too. And it is, despite the effects of inflation and production issues. One thing’s for sure though, not everyone is cut out to be a sneaker reseller. So today, we’re gonna see who should start a reselling business, shall we?
The Sneaker Reselling Business Isn’t for Everyone
We’re not trying to drive you away, but it’s a fact. To be a sneaker reseller, you need to have some assets that we’re about to check out. So if you’re one of the people we’re gonna mention, then you should totally consider this path!
You’re a Sneaker Collector and Sneakerhead
If you’re a sneaker lover or even have a sneaker obsession, you can start a sneaker reselling business. After all, who wouldn’t wanna work in an industry they love? You would already have a precise idea about the sneaker brands and kicks you will resell. You’ll also be up to date regarding upcoming releases because you already have an interest in kicks. And let’s be real now, sneakerheads have an excellent sense of fashion. So they’ll automatically know what kicks will be a flex and which will be a flop.
You’re Looking to Make Some Side Money
Sneaker reselling is a business providing cash flow in the long run. To cut to the chase, there are a couple of sneakerheads who actually make six figures selling shoes these days. And some of them even become famous because of that. So making sneaker resale your side hustle in these hard times is a pretty good idea! In the meantime, you can check out our style guides for tips and tricks.
You Want a Gig with Low Time Commitment
Being a reseller doesn’t mean you’ll spend lots of time in front of your screen. Once you know where to sell your kicks, you just list your kicks and leave! It’s very easy to keep tabs on everything even from your phone. And the more experience you have, the easier it gets. You can also save some time by joining exclusive sneakerhead groups and cookgroups on Discord and other platforms. So, if you’re still a student with classes to attend or an adult with a full-time job, you can manage to squeeze sneaker reselling in!
You Got an Entrepreneur Mindset
If you have an entrepreneurial mind and are a business enthusiast, then selling sneakers online is a good idea. There are many sneakerheads who have been in the business for years and are capable of advising you when needed. Moreover, if you get into the sneaker reselling business, you’ll start gaining financial experience!
You Already Own a Different Reselling Business
If so, then you already know how to market and how to make people trust you. Moreover, you already have your own name and client base that way. And word of mouth was and will probably always be the best advertisement! Now, if you’re wondering what you can resell other than sneakers, check this out.
You need to have the ability to sleep on a pair. Some resellers bought Dunks when they weren’t in the hype zone, they kept them and slept on them. And suddenly, BAM! Dunks are all the hype and you can sell some of the older stuff for thousands of dollars. That also goes without saying that Yeezys could be next on the same path. So people were right when they said that patience is a virtue. But you gotta have the common sense that goes with patience. Otherwise, the kicks will end up being bricks and making little to no profit.
Sneaker Reselling Business Golden Rules
Buy Low & Sell High
That’s the general rule, but it wouldn’t work unless you buy your kicks for retail. Only then, you can resell for a higher bidding resale price and get the best profit possible. And if you’re a sneakerhead, then you already know that this can’t happen without a powerful sneaker bot.
According to Forbes, the use of sneaker bots improved the sneaker resale industry. More people are using bots every day to buy sneakers and sell them online. People wait in line for hours and spend thousands of dollars just to get their hands on exclusive kicks. Well, sometimes it even led to riots!
It’s getting harder and harder to cop sneakers manually online. That’s because companies like Nike and Adidas are applying a lottery system for exclusive sneakers. So, you need to be lucky to cop successfully! Or you need an all-in-one sneaker bot like NSB to give your odds a boost. Here’s a starter guide that will get you on the right track for your future sneaker reselling business.
Start Slowly and Carefully… No Rush!
Since you’re new to the business, start with lower financial risk and cop a couple of pairs. You can make a moderate profit out of them just so you get the hang of it. The upside is that you’ll get to know potential buyers, and they get to know you better! Once you know what you’re doing and you have a good rep, then you can scale up your business. You’ll also reach a level where it gets easier, more consistent, and more profitable!
Start Your Sneaker Resale Gig Today!
Although we gave you some pointers, it’s not as easy as it sounds. But if you’re one of the people we previously mentioned, then you have what it takes to make it! With the right amount of commitment, sneaker reselling will be a rewarding business for you peeps. Finally, we recommend you get to know more about the business and follow sneaker blogs. You can also do that on Twitter and Instagram so you’d have an idea about your potential market. And make sure you follow our blog for the latest sneaker news!