Unless you prefer to sell a kidney, let’s face the facts. One of the easiest and fastest ways to earn a butt-load of money is by sneaker reselling. Otherwise, it wouldn’t have turned into a billion dollar industry, people wouldn’t get into fights outside of sneaker stores, there wouldn’t be such high competition for sneakers, and sneaker bots wouldn’t exist.
The Sneaker Reselling Industry
Sneaker reselling is a modern day art. Though, you can think of it as being counterculture, as it is often frowned down upon, especially by true sneakerheads. But we don’t think of it as dirty work.
Making a couple hundred bills by flipping a pair or two of extra pairs of sneakers which are at your disposal is hardly a crime. If anything, you’re actually doing a favor to the folks who couldn’t cop their pair of kicks.
The truth is, there are so many people trying to cop sneakers on release day that the stock would have sold out anyway, with or without your contribution.
Some of the most iconic sneaker resale prices via StockX:
- Nike Dunk SB Low Staple “NYC Pigeon”
- Retail Price: $200
- Average resale price: $9,667
- Air Yeezy 2 Red October
- Retail Price: $250
- Average resale price: $5,214
- Nike Air MAG Back To the Future (2011)
- Retail Price: —
- Average resale price: $8,937
With numbers like that, who in the right mind wouldn’t try to flip a pair of limited sneakers? We can’t blame ya for wanting to hustle hard for your income! You gotta do what you gotta do!
It’s not like you’re blatantly ripping people off. Negotiations take place in the world of sneaker reselling, but it just takes one person who really wants your item to pay your asking price.
Then there are sites like StockX where you can place your asking price and people will make bids. So technically, you’re not doing anything unethical. It’s just business.
If you’re ready to know how to get started in this business and ways you can make your first $1,000 USD by sneaker reselling, read on.
Step 1: Be Informed
First an foremost, you need to get into the industry like a real sneaker fanatic. If you’re just in it for the money and couldn’t care less about the sneakers, then you’re probably not going to do very well in this industry. Sneakerheads will sniff you out for the fraud you are. You need to become a reference to all sneakerheads by showing that you know your stuff.
Learn about the history, the culture, understand the ties sneakers have to the music industry and sports culture and how it all plays out in the mainstream media. The sneaker world is so very much a part of the real world. Soon enough you’ll start to understand which sneaker releases will be worth something and which will be worth nothing.
Step 2: Stay Notified
Once you’ve learned your fair share of sneaker knowledge, you need to keep up to date about all sneaker releases. Make sure to turn on notifications, follow news sites, blogs, etc especially for the sneakers of interest to you.
Step 3: Get Your Sneaker Bot
Anyone who wants to cop sneakers whether it’s for personal pairs or for his business knows that you must have some kind of sneaker tool at your service. Releases are not like they used to be. These days, a sneaker bot is the essence of almost all sneaker copping success stories.
To help you decide what sneaker bot you should get next, we wrote about the top sneaker bots for 2019. Basically, if you’re trying to cop one pair, you can get an extension like Heated Sneaks or AIOX. But if you want to cop multiple pairs you’re going to need heavier guns like an All-in-One bot.
Different examples include Cyber, EVE, Nike Shoe Bot, and, of course, AIO Bot. While Cyber and Eve are great, they’re sold out at the moment and buying them at resale is going to put a hole through your pocket. You’re left with two options: Nike Shoe Bot, and AIO Bot, the latter of which was featured on multiple websites including CNBC, Forbes, Motherboard.
And if you think it’s complicated to use a sneaker bot, that’s just a hoax. We wrote all about how easy it is to use a sneaker bot in our article, “Busting Myths about Sneaker bots. They’re Actually Easy to Use”.
Step 4: Resell Kicks
If you reached this point, that means you used the right sneaker bot, proxies, servers, and followed the instructions. Whether you do it yourself, or via consignment shop/service like StockX, eBay, Flight Club, Stadium Goods, etc, it’s time to start reselling your kicks. There are many different places to resell your kicks. And so many ways to maximize your sneaker resale value.
Step 5: Save Money
By this time you might not have enough stock to sell and make $1,000 on your first sale unless you cop a pair or two of the Yeezy 350 v2 Static Reflective. Our advice for you is to take the money you make from one release to use when you cop on another release during the same month.
Step 6: Repeat
Doesn’t need much explaining: Repeat this process because it’s completely foolproof.