How to Make Money Reselling Sneakers

Sneaker reselling has become a booming industry, and I’ve found it to be a profitable way to make extra income.

Whether you're a sneakerhead or just looking for a side hustle, reselling sneakers can be a lucrative venture if you know what you're doing.

In this guide, I'll walk you through how to make money reselling sneakers.

Why Reselling Sneakers is Profitable

Reselling sneakers has skyrocketed in popularity due to limited edition drops, collaborations, and increasing demand for rare pairs.

Here’s why it's a great way to make money:

• High Demand: People are willing to pay premium prices for rare and limited-edition sneakers.

• Steady Market: Popular sneaker releases keep the market active throughout the year.

• Global Reach: Online platforms allow you to sell to a worldwide audience.

How to Start Reselling Sneakers

If you’re wondering how to make money reselling sneakers, you’ll need a plan.

Here's where to get started:

1. Do Your Research

Research is critical in the sneaker reselling business.

Here’s how to keep up with the trends:

• Follow Sneaker News: Visit sneaker websites that will keep you informed about upcoming drops and collaborations regularly.

• Check the Resale Market: Use platforms that sell sneakers to track resale prices and see which sneakers are in demand.

2. Know Where to Buy Sneakers

Sourcing the right sneakers at the right price is key to making money.

Here are some places that you can check out for finding sneakers:

• Retail Stores: You can try to buy sneakers directly from retailers during release days.

• Online Drops: Sneaker websites are great for catching limited releases.

• Second-Hand Markets: You can often find deals on platforms like eBay, Depop, and local Facebook groups where sellers list their sneakers at lower prices.

3. Understand Sneaker Value

Not every pair of sneakers will bring in a huge profit, so understanding value is essential.

Consider:

• Rarity: Limited edition sneakers and collaborations tend to sell for much more than general releases.

• Condition: New, unworn sneakers fetch the highest prices, but lightly worn ones can still bring a decent profit if they’re rare.

• Brand & Model: Some brands and models, like Nike’s Air Jordans or Adidas Yeezys, consistently perform well in the resale market.

My Tips for Pricing Sneakers

One of the most challenging parts of reselling is figuring out how to price your sneakers.

Here’s my approach:

• Research Current Prices: I regularly check eBay sold listings to understand what buyers are paying.

• Factor in Fees: Platforms like eBay take a cut of your sale, so I make sure to factor in these fees when setting my price.

• Be Patient: Sometimes it’s worth holding onto a pair for a few months as the value can increase over time, especially for highly sought-after models.

How to Maximise Profits Reselling Sneakers

If you want to make serious money reselling sneakers, here are my top tips for maximising profits:

• Flip Quickly: Sometimes, selling right after a drop when demand is high can lead to bigger profits.

• Hold Long-Term: For certain limited editions, holding onto the sneakers for months or even years can significantly boost their resale value.

• Bundle Deals: Buy multiple pairs during sales or use discount codes to lower cost per pair and increase profit margins.

Avoiding Common Mistakes in Sneaker Reselling

Like any business, reselling sneakers comes with its pitfalls.

Here's what I’ve learned to avoid:

• Overpaying: Never get caught up in the hype and overpay for a pair. Sticking to a budget keeps margins healthy.

• Ignoring Authenticity: Fake sneakers are everywhere. Always verify authenticity by using trusted platforms or authentication services.

• Ignoring Fees: Fees from platforms can eat into your profit if you don’t account for them properly when pricing your sneakers.

Final Thoughts on How to Make Money Reselling Sneakers

Reselling sneakers is a great way to make extra income, but it’s not just about flipping shoes - it’s about strategy.

If you research the market, buy smartly, and price competitively, you can turn your sneaker passion into a profitable business.

Happy reselling!