Sneaker Reselling Research Paper
Sneaker reselling is buying sneakers at a certain price and selling it for higher. The most popular sneakers people buy in hopes to sell at a higher price to make a profit are Yeezys and Jordans. Yeezys which are designed by Kanye release only a few times a year, in very limited quantities which causes a very high demand for them. Jordans are designed by the legend, Michael Jordan. I used this concept of sneaker reselling to accumulate profits of over fifty thousand dollars at the age of sixteen.
Sneaker reselling is a great way for people to make money, however it is far from easy. Starting out in any business always has its struggles, but there is always a sunshine at the end of the tunnel that keeps the person going. To become a successful …show more content…
sneaker reseller, you are going to get scammed a lot by people supposedly selling real shoes but then they happen to be fake. You will also go through many Yeezy and Jordan releases without copping anything. Copping or cop is a term sneaker influencers use, it means getting or accumulating.
Sneaker bots are programs that attempt to checkout sneakers faster than a human.
These sneaker bots allow people to cop anything from one to hundreds of pairs. Bots are a great way to get sneakers, however they require countless hours to perfect and cost hundreds of dollars. Beginners always fail with sneaker bots because they don't understand the complexity of them. Bots require proxies which hide the ip address of the computer running the bot, this blocks the company selling the sneakers to ban you from the site.Sneaker bots is like a puzzle, you need to get the proxies, and the bot to work hand and hand. It took me months and thousands of dollars to perfect the use of sneaker …show more content…
bots.
As you progress in the sneaker reselling business and accumulate pairs using the sneaker bots, it is time to start going to sneaker conventions. The most popular sneaker convention is called “Sneaker Con” and it brings in thousands of people every time it takes place. These conventions consist of sneaker resellers from all over the country. This is when the real hustling begins and trying to get the best price possible for the sneakers you want to buy.
To get to the point of making a solid living from sneaker reselling, it would require selling hundreds of pairs a month.
On average a Yeezy retails for $220 and has a resale value of about $500. This would mean you are net profiting $280. If you sell a hundred of these you are at $28k. This concept of selling a hundred pairs sounds very simple, but that would mean everyone can do it and that is completely false. Just like any business there are the elites and the everyday hustler. Only the elite have access to a hundred pairs of sneakers from a single release. Almost every successful person will tell you that it is not what you know, but who you know and that is a 100% true with sneaker reselling. I had connections with people all around the world, with access to hundreds of sneakers every release. I used my connection to get the best price for the sneakers I wanted. For example, I bought 150 pairs of Beluga Yeezy V2 off a man in Italy. The 250 pairs were all the stock Italian Adidas Stores had. However my connection was not selling them to me without making a profit, so I had to pay him plus $100 for every single pair. This transaction cost me a total of $48k. Now the next step of the process begins, How do you sell 150 pairs of sneakers? The answer is simple. You sell them directly to reselling stores, the most popular store is called “Flight Club”. I sold the 150 pairs to flight club for a total of $60k, netting me $12k in
profits.
Sneaker reselling is truly a wonderful business that will teach anyone the fundamentals of buying something at a certain price and selling it at a higher price for a profit. In this business, you have the beginners that might get nothing or possibly one pair of sneakers off a sneaker drop. Then you have the elites that are selling hundreds of pairs directly to stores making over six to seven figures a year.
Sneaker reselling is a great way for people to make money, however it is far from easy. Starting out in any business always has its struggles, but there is always a sunshine at the end of the tunnel that keeps the person going. To become a successful …show more content…
sneaker reseller, you are going to get scammed a lot by people supposedly selling real shoes but then they happen to be fake. You will also go through many Yeezy and Jordan releases without copping anything. Copping or cop is a term sneaker influencers use, it means getting or accumulating.
Sneaker bots are programs that attempt to checkout sneakers faster than a human.
These sneaker bots allow people to cop anything from one to hundreds of pairs. Bots are a great way to get sneakers, however they require countless hours to perfect and cost hundreds of dollars. Beginners always fail with sneaker bots because they don't understand the complexity of them. Bots require proxies which hide the ip address of the computer running the bot, this blocks the company selling the sneakers to ban you from the site.Sneaker bots is like a puzzle, you need to get the proxies, and the bot to work hand and hand. It took me months and thousands of dollars to perfect the use of sneaker …show more content…
bots.
As you progress in the sneaker reselling business and accumulate pairs using the sneaker bots, it is time to start going to sneaker conventions. The most popular sneaker convention is called “Sneaker Con” and it brings in thousands of people every time it takes place. These conventions consist of sneaker resellers from all over the country. This is when the real hustling begins and trying to get the best price possible for the sneakers you want to buy.
To get to the point of making a solid living from sneaker reselling, it would require selling hundreds of pairs a month.
On average a Yeezy retails for $220 and has a resale value of about $500. This would mean you are net profiting $280. If you sell a hundred of these you are at $28k. This concept of selling a hundred pairs sounds very simple, but that would mean everyone can do it and that is completely false. Just like any business there are the elites and the everyday hustler. Only the elite have access to a hundred pairs of sneakers from a single release. Almost every successful person will tell you that it is not what you know, but who you know and that is a 100% true with sneaker reselling. I had connections with people all around the world, with access to hundreds of sneakers every release. I used my connection to get the best price for the sneakers I wanted. For example, I bought 150 pairs of Beluga Yeezy V2 off a man in Italy. The 250 pairs were all the stock Italian Adidas Stores had. However my connection was not selling them to me without making a profit, so I had to pay him plus $100 for every single pair. This transaction cost me a total of $48k. Now the next step of the process begins, How do you sell 150 pairs of sneakers? The answer is simple. You sell them directly to reselling stores, the most popular store is called “Flight Club”. I sold the 150 pairs to flight club for a total of $60k, netting me $12k in
profits.
Sneaker reselling is truly a wonderful business that will teach anyone the fundamentals of buying something at a certain price and selling it at a higher price for a profit. In this business, you have the beginners that might get nothing or possibly one pair of sneakers off a sneaker drop. Then you have the elites that are selling hundreds of pairs directly to stores making over six to seven figures a year.