Ultimate Reselling Guide for Shoes and Sneakers
The global shoe resale market is measured in billions of pounds and is predicted to grow even more. Therefore, shoes and sneakers became one of the most interesting items for newbie resellers. That is why we decided to make a simple reselling guide for all those who want to earn money on pre-owned footwear. Make sure you read it if you see yourself in this type of resale business.
First Stop In Our Reselling Guide - Learn How to Start Selling Sneakers
The first item on your list of things to do when deciding to go into the shoe selling business is to form a plan - determine if you wish to resell the bought snickers immediately or keep an eye on their value and sell them when it significantly increases. While you can earn up to 50 pounds for selling a regular pair that just got out of the store, your earnings can significantly increase if you wait a bit. The catch is researching current markets and trends and determining which models are (and will continue to be) valuable.
Take a look at the video below for some of the helpful starting tips from a professional sneaker reseller:
Where to Buy Shoes You Want to Sell Later?
Proper research will help you buy cost-effective snickers and provide you with the knowledge on how to price them and where. In order to become a successful reseller, you need to be dedicated to the cause and know all about your niche.
It means you need to constantly gather knowledge about trends, subscribe to mailing lists, read relevant blogs, and visit sneaker events to be able to recognize the right opportunities. Some resellers tend to use an AIO bot to help them find the desired model and save time - it can be a good solution, as long as you're willing to pay for it.
New or second-hand models can be bought in stores, thrift shops, garage sales, on social media, and on other virtual platforms. Prepare to wait in long lines or even camp in front of the stores when new releases are announced. Searching through eBay, Etsy, or any other multi-vendor marketplace platform for the best sneaker deals is also usual practice for shoe resellers.
Nike and Adidas - Two Most Lucrative Brands for a Reseller
The most money can be earned on limited releases, so you must know all about them. A limited number of shoes, on the one hand, and high demand, on the other, allowed resellers to set hefty price tags, especially when it comes to Nike and Adidas.
While new snickers come off the stores weekly, those classic models will help you earn a pretty penny the most. This type of vintage resale online is a potentially highly profitable business - just look at some of the most expensive models:
- Air Jordan 12 - sells for over 75,000 pounds. Jordan III OG is the most affordable line, but even those snickers don't resell for less than 3,500 pounds.
- Nike Air Yeezy 2 "Red October" - sells for around 4,500 pounds. They are made in collaboration with Kanye West ( Nike's first non-athlete cooperation for a line of shoes).
- Nike Air Mag Back to the Future - sells for more than 7,500 pounds. As the name suggests, the Inspiration for these sneakers came from the Back to the Future movie. Only 1,500 models are made and sold.
Brick and Mortar Shop or Online Selling Tools? Choosing the Right Place to Sell
Branded shoes are high on the list of best things you can buy and resell for profit, alongside reselling vintage clothes, fitness items, books, consoles, and the like. But where to do so? Although some retailers still opt for physical shops, reselling is nowadays mostly done online - it's a more convenient choice for both resellers and customers. Moreover, some studies predict that more than 85% of UK buyers will shop online in 2022. Selling online with Shopify or using any other online marketplace platform can be an excellent place to start, especially for the new resellers.
Short Guide to Reselling Items On Online Selling Platforms
Do you wish to open an online shop with the help of listing software like eBay? It means you should know all about eBay listing fees or any other fees they have. If you want to sell on Depop or try to make money with Vinted or other platforms, knowing about how these platforms work and the differences between Depop and Etsy, for example, won't be enough. Here are some things you need to consider:
- Take a look at the already existing prices on your selling software to determine your own (pay special attention to the price people are actually paying),
- Describe the items best as you can and provide high-quality and detailed pictures,
- Choose the payment provider that will help the money gets from the customers to you,
- Gather all supplies you need for shipping sneakers, so they stay protected,
- Customize your web address and choose the design you like,
- Use cross-posting software when managing your products when posting on multiple platforms.
Is Sneaker Selling Business Worth It?
The answer to this question depends on what you want to achieve. If you look at it only as a side eCommerce business, you can put less effort and be pretty content with the extra money you'll gain. However, if you wish to make a living out of it, prepare to put in a lot of your time, energy, and nerves to earn the needed amount. Still, the most important thing to do is start. Buy and list one pair and see how it goes from there. And when you do, make sure to always expand your knowledge about sneaker brands, trends, and prices. Try to reach out and expand on other platforms, too - you can start by selling on Instagram with Shopify. It's one of the best ways to head towards succeeding in e-commerce.
Resell Your Items Easier and Faster With the Help of Our Cross-Listing Software for Selling Online
Your shoe selling business will run more profit the more visible your products are. That is why it should be best to post shoes at some of the best online selling platforms at the same time. If you're thinking about using cross-listing when selling on various platforms, check out Zipsale. This multi-channel listing software can help you manage your products in all of them. Our cross-posting tool for selling on multiple platforms is made so you can manage your stock across several platforms easily. Sign up now, save plenty of your energy and time, and witness your profit grow each day!