I assume, you have some free time in your weekends, and you want to earn money by spending that time on something which actually works and make you more money.
If you’re willing to put in little effort to go out of your house and do some hunting.
Then there’s an excellent chance that you could be making a lot more than 100–200$ in a single day.
But how’s that possible?
Well, it is quite possible. I actually realized it when I stumbled upon a concept of reselling and a complete online market dedicated to reselling sneakers.
Yes, you read it right!
You can make money from reselling sneakers on weekends.
What is this sneaker reselling, and how does this work?
Sneakers are one such thing which never dies out of fashion and there’s always one sneaker (or) the other in the fashion trend.
To take this advantage of sneaker craze. Sneakers reselling was introduced, and today there are thousands of sneaker resellers who are making legit income.
Back in the days, people and businesses either start reselling sneakers in the streets (or) used to built their own resell stores. But today, with all the hype of eCommerce and digital diplomacy, it has changed the way sneakers could be resold and made it even easier using internet platforms.
In recent years, we have seen people making large chunks of money by reselling sneakers through their website (or) social media (or) using an eCommerce marketplace.
For beginners to cut down the hassle, reselling sneakers on a dedicated online marketplace is the best option.
Today,
StockX is the best and exciting sneakers reselling option for all.
Because StockX as a sneaker reselling platform brings out few positive
things to the table for both buyers and resellers, like:-
- StockX is a stock market for sneakers. Buyers on this platform bid actively on sneakers and there’s no need for you to set a price. As a reseller, you get the best price to sell your sneakers by looking at the current bids, and thus you are selling sneakers online without having to do the real selling.
- From the buyers perspective, StockX is the best place to buy authentic and original sneakers of any brand. StockX has its genuine authenticated centres where they examine each pair of sneakers before delivering to the buyer. Thus, as a buyer, you’re assured of getting a sneaker of original branded. But whereas, on other marketplaces like eBay, buyers have issues with dealing with most sneaker copycats.
From both the above points, it’s easy to say that, both buyers and sellers on StockX get what they want and it’s creating a win-win situation.
How to make 100$–200$ on weekends by reselling sneakers on StockX
StockX was started in 2015–16 and within a short period of time. They grew their market in the reselling business. Initially, it all began with reselling sneakers and now, they sell other items such as electronics, handbags, and collectables.
They ship internationally to more than 200 countries, and it’s an excellent opportunity for resellers to use the platform to make good money.
Know this, before reselling sneakers on StockX
Firstly, check whether you are eligible to sell on StockX. Mostly I have seen people from the US can quickly sell here, and it’s due to the availability of multiple StockX authentic centers within the US.
To sell sneakers on StockX, you either need to own a unique pair of sneakers (or) need to buy them from any store.
It’s evident that, if you want to be a reseller on StockX, you need to invest money into buying a new pair of sneakers and shipping it to their authentic centers.
Note: If you have a nice sneakers collection in your house. Then it’s a good chance for you to sell some sneakers which you don’t need anymore.
Vintage sneakers and customized sneakers have a great resell value
Visit your nearest sneaker stores and brand outlets
I assume most of you either don’t have a wide range of sneaker collection (or) you don’t want to sell anything for your collection.
In such case, reselling sneakers after buying them from your nearest stores and brand outlets is a practical hack that actually works.
As you go for your sneaker hunt, have the StockX app open all the time and cross-check the prices of sneakers available at the store with the sneakers which are at a fixed bid on StockX.
After skimming through some stores and outlets, I am sure you’d be amazed to see a little price difference of the sneakers available in the store to the price sold on StockX.
But it’s important to remember that, StockX charges for the payment transaction, shipping, and authentication.
As per knowledge, as a buyer you can find sneakers with discounted prices, here:-
- Visit Marshalls and hunt for those sneakers which are currently bidding on StockX.
- Visit brand outlets of Nike and Adidas. Check their clearance section and also have a look at the sneakers with discounts.
For example:- Sneaker model (Adidas Yung-96) of Size 5.5 is at a bid of 40$ on StockX.
But after deducting the transaction fee (5$), Payment processing fee (1.2$). The final price to sell the sneaker is 33.80$
By keeping the margins in mind, you need to buy sneakers which can bring you good profit.
Once you have the right sneaker in your hand (First Step), sell it on StockX (Second Step), pay the bill in the store(Third Step), pack it, and ship it to the buyer/authentication center (Fourth Step).
Does this model of reselling sneakers on StockX works?
Yes, you can make it a good side hustle. Earning100$-200$ will seem easy when you can visit multiple stores and sell the right sneakers at the right time to make a good profit.
Things to keep in mind before starting your reselling side hustle in StockX:-
- There is an initial investment involved in this. Either you need to own a sneaker which is at the bid (or) buy that sneaker from a store. Thus, people who will be buying sneakers, they need to invest 200–300$ in buying those sneakers.
- StockX authentication procedure is on point and they don’t ship, if your sneakers doesn’t meet their selling criteria. To avoid this headache, boycott reselling copy sneakers, never ship a torn sneaker, never ship a torn sneaker box too, and pack the sneakers properly.
- Only click that ‘sell’ button on StockX, when you own the specific sneaker of same model and size which is at bid. While you’re in store for sneaker search, double-check whether you have the right sneaker of the right size to resell it and once you’re confirmed buy that sneaker from the store.
- Be good with margins. Consider multiple costs o like Transaction fee, Processing fee, Tax on your purchase, price for the packing material, and shipping charges too.
- Collect multiple coupons for multiple stores and use them to buy sneakers at a discounted price. This way you can purchase a sneaker at a lower cost and keep your profits higher.
I want you to know about few people and side hustlers who are making good money by reselling sneakers on StockX and reselling sneakers in general, check here:-
- 16-year old Jake from California is making over six-figure by reselling sneakers
- Jaycee’s six-figure sneaker resell business
- Three sisters with a million dollar sneaker collection and resell business