How I Started Reselling Sneakers! (And How You Can Too! Sneaker Reselling Tips and Tricks 2022)

Summary

In this engaging video, the host shares his journey into sneaker reselling, offering tips and tricks he learned along the way. Starting with a modest $500, he dives into the market, follows sneaker pages, and learns from fellow resellers. He emphasizes the importance of information and adaptability, detailing his strategy of buying used sneakers, cleaning them, and reselling for profit. The video also features a sneak peek into a sponsored sneaker cleaning kit, demonstrating its effectiveness in enhancing resale value. The host encourages viewers to invest in themselves and their business, promising significant returns.

Takeaways

• 🎁 The video features a giveaway on Instagram for a chance to win a pair of Nike Dunk 'Little Pandas'.
• 🔗 The video is sponsored by 'Factory Laced', marking the first sponsorship for the creator.
• 💡 The creator emphasizes the importance of surrounding oneself with information to learn about the sneaker reselling market.
• 👟 The creator's initial capital for reselling came from selling off parts of his own sneaker collection.
• 📈 The creator lost significant money in the stock market, which motivated him to find a safer way to make money through sneaker reselling.
• 🛍️ Retail drops were initially challenging due to competition, leading the creator to explore other avenues for sourcing sneakers.
• 🧼 The creator found value in buying and cleaning used sneakers, which increased their resale value.
• 📸 Taking better pictures of sneakers was crucial for attracting more potential buyers and increasing sales.
• 🛒 The creator recommends regularly checking local marketplaces for deals on sneakers and being persistent in negotiations.
• 🚀 The use of a sneaker cleaning kit, like 'Factory Laced', helped in scaling the business by improving the presentation of used sneakers.
• 💰 Building capital through consistent sales and reinvestment in the business is key to scaling in the sneaker reselling market.

Q & A

What is the main topic of the video?

The main topic of the video is the personal journey and tips on how the speaker started reselling sneakers, including the initial struggles and strategies for success.

What giveaway is mentioned in the video?

A giveaway for a free pair of Nike Dunk 'Little Pandas' on the speaker's Instagram is mentioned.

Why is the speaker grateful for the sponsorship from Factory Laced?

The speaker is grateful for the sponsorship because it helps them to give back to their audience and shows appreciation for their support.

How did the speaker's interest in reselling sneakers begin?

The speaker's interest began during the early stages of the COVID-19 pandemic when they were looking for a safe way to make money after losing a significant amount in the stock market.

What was the speaker's initial capital for starting the reselling business?

The speaker started with an initial capital of around $500, which was all the money left in their checking account after stock market losses.

What was the first step the speaker took in the sneaker reselling market?

The first step was to follow various sneaker reselling pages and Instagram accounts to surround themselves with information and learn about the market.

Who are some of the influencers that inspired the speaker in the sneaker reselling business?

Sneaker Invest and Butter Boy Nova are two content creators who inspired the speaker with their different approaches to making money in the sneaker reselling market.

What was the speaker's strategy for building capital in the beginning?

The speaker sold off parts of their personal sneaker collection on eBay and other marketplaces to build initial capital for reselling.

Why did the speaker find it difficult to secure retail drops?

The speaker found it difficult because retail drops are unreliable and竞争激烈, with more experienced buyers being quicker and more knowledgeable about the process.

How did the speaker manage to increase the value of used sneakers?

The speaker cleaned the used sneakers to improve their condition and appearance, which increased their value and made them more appealing for resale.

What is the role of Factory Laced in the speaker's current reselling process?

Factory Laced provides a sneaker cleaning kit that the speaker uses to clean and restore sneakers, which helps in increasing their resale value.

What advice does the speaker give for finding used sneakers to resell?

The speaker advises to regularly check local marketplaces for deals on used sneakers, negotiate with sellers for lower prices, and clean the sneakers to improve their condition for resale.

How does the speaker suggest scaling the sneaker reselling business?

The speaker suggests scaling the business by continuously flipping sneakers, learning to purchase retail pairs online and in-store, and building capital to invest in more inventory.

What is the significance of the Factory Laced discount code mentioned in the video?

The Factory Laced discount code 'frank 15' offers a 15% discount for the first purchase of their sneaker cleaning kit, which is a tool the speaker endorses for maintaining and increasing the value of sneakers.

What is the speaker's final message to the audience?

The speaker encourages the audience to stay focused, like, comment, and subscribe for more content, emphasizing the importance of persistence and continuous learning in the sneaker reselling business.