You’ve bought a gorgeous pair of shoes online. You wait weeks for them to come in the mail only for them not to fit you. Now, what are you going to do?
You could send them back to the company and try to get your money back or sell them online for more than you bought them for. Many people make a small living doing this, and you can too.
We can teach you how to resell sneakers the right way. Check out this guide to learn what it takes to flip shoes and exceed your overhead costs by a large margin.
Stock up on Product
Sneaker flipping doesn’t work unless you have a product to flip. The easiest way to go about it is to check out retailer apps. The only problem with going this route is that there isn’t always a lot of stock to go around.
Demand is high. This means that it can be hard to get the valuable sneakers that you want to resell. It’s for this reason why you should also look at secondary apps such as eBay to stock up.
You can also head to other reseller’s social media pages to see what stock they have to offer. They probably have something rare that you can pick up.
It’s All About Quantity
Reselling sneakers is more about quantity than quality. You don’t need to invest in the most expensive shoes on the market to make a profit.
You might be able to buy several pairs of cheaper sneakers and sell them for a high profit. Note that not all of these will be worth it. You may get lucky or you could bust.
There are apps you can reference that will show you what specific shoes are going for. Look at this before you make a purchase to make sure that it will be worth it.
Overhead Costs
If you’re going to make a profit with these sneaker selling tips, you’re going to need to learn about your overhead costs. Let’s say you find a pair of nice shoes worth holding onto for 40 bucks. That’s not so bad, right?
You have to consider the cost of boxing the product and shipping it to your consumers. You might be able to balance things out by charging a higher shipping cost, but if it’s too much higher than your competition, you won’t sell your product.
Bring on the Customers
You can know everything about how to sell sneakers, but if you don’t have customers, it won’t matter. The best way to find customers is by being active on social media.
Promote yourself on Facebook and Instagram. When you’re first starting, eBay isn’t a bad idea either. You’re sure to find someone there who’s interesting in what you’ve got.
How to Resell Sneakers and Make a Profit
Are you thinking about learning how to resell sneakers? It can be a pretty profitable venture once you get started. We hope that you’re able to use these tips to exceed your overhead costs and be successful.
Looking for more ways to make money? Check out the Business section of our blog daily for all the latest tips and tricks.
