Are you looking to start a limited-edition sneaker business? If so, it’s important to have a good plan in place for success. Start by researching the market and understanding the hype around limited releases, such as Nike Jordan collabs and Adidas Yeezys. Then, create a business plan that outlines costs, pricing, and objectives.
The sneaker market has experienced an unprecedented level of growth since the rise of online marketplaces such as StockX made their presence known. These stores offer the opportunity for shoppers to find shoes at a fraction of their retail value, making it easy to find incredible deals.
In the past, people had to physically go to their local JD Sports or comb through thrift stores and flea markets to find the latest styles. News about upcoming releases spread through word of mouth and the Eastbay mail catalogues.
Today’s sneakerheads have access to a wealth of knowledge about the sneaker fashion market through websites like Hyperbeast, Stock X, Highsnobiety, and Sole Supremacy, each of which provides comprehensive coverage for both novice and veteran sneaker collectors. With these resources, it is easier than ever to stay up-to-date on the latest kicks and trends.
Staying in-the-know is essential for any sneakerhead looking to stay ahead of the competition. If you want to make sure you don’t miss out on the latest releases, it’s important to follow some of the trendiest websites and blogs.
Captain Creps is an online blog and sneaker release calendar that details the latest new release and upcoming sneaker drops. This is a great resource for staying up with the latest industry news and fresh sneaker drops.
HYPEBEAST is an online website based in Hong-Kong that provides men’s contemporary streetwear to high-end fashion. It focuses on the latest releases in men’s footwear and features popular brands like Adidas, Nike, Jordan Brand, YEEZY, New Balance, Vans, ASICS, Visvim, PUMA and Rebook.
Grailify is one of the largest websites for sneakerheads with a really popular sneaker app in the world after Nike SNKRS. Their website provides a release calendar and even a price guide to stay up-to-date with the latest sneaker releases.
Sneaker News is a media platform with a sneaker column discussing the latest sneaker trends, what’s being worn by rappers and athletes, and release dates.
Timing is everything when it comes to knowing which sneakers will be in high demand. Look out for buzz on blogs, brand’s websites, and websites specialized in the latest sneaker news, and be one of the first people to get them to increase your chances of selling them for a higher price.
Next, find a mentor to help you increase your chances of success. Working with a mentor is five times more likely to end in success. They can connect you with information and contacts, while also providing their experience to help you avoid obstacles.
When it comes to pricing, check reseller websites such as StockX, Stadium Goods, Captain Creps or Flight Club. Make sure your prices are in line with the market value, but don’t under-price your sneakers, as this could ruin your reputation for future sales.
Finally, obtain any business licenses and special permits you may need from local regulations.Â
If you want to join the multi-billion-dollar sneaker reselling industry, it’s easier than you think! All you need is access to new releases, an eye for which sneakers will resell for a profit, and the determination to get your business up and running. With these three elements in place, you can start making money reselling sneakers online. Just remember to be patient and to do your research – and you’ll have the chance to join this lucrative industry!
Carol
Information sourced by the author for luxuryactivist.com. All content is copyrighted with no reproduction rights available. Images are for illustration purposes only.
This story originally appeared on Luxuryactivist
