The short answer is yes, reselling sneakers is a good side gig. No matter how you look at it, reselling sneakers can make you money in the short term and long term.
Reselling sneakers is a great side gig because anyone can do it. Resellers with more financial capital can buy and resell hyped sneakers worth thousands of dollars. Resellers with little capital or that usually thrift can resell used sneakers from Goodwill. Sneakers are valuable and worth good money to the right buyers.
Not only is reselling s good side gig, for some people it’s a full-time living. They can survive just from the money they make by reselling. Reselling sneakers is a great side hustle to start without social media.
Still curious about if reselling sneakers is a good side gig? Don’t worry, I’ve got some facts here that will prove just how profitable reselling sneakers can be.
- How much money can you make reselling sneakers?
- What is the best way to start reselling sneakers?
- Who can resell sneakers as a side gig?
- Is it hard to start reselling sneakers?
- Is sneaker botting worth it?
- Final notes on reselling sneakers as a side gig
How much money can you make reselling sneakers?
The amount of money you can make reselling sneakers depends on how many sneakers you’re able to buy and resell. Basically, the more sneakers you can afford to buy will determine how much you can make reselling sneakers.
A lot of other factors go into how much money you can make reselling sneakers. These factors include things like short-term and long-term holds, limited sneakers and the sizes you sell. Yes, the size of the sneakers you’re selling does matter when it comes to how much you can make.
With the right knowledge and information about sneakers, you can increase your earnings from this side gig as a reseller.
What is the best way to start reselling sneakers?
In my opinion, the best way to start reselling sneakers is by first learning about the sneaker market. The more you understand how the market trends, the better equipped you’ll be when it comes to which sneakers to buy. If you buy the right sneakers, you’ll never have to worry about if they will be profitable or not.
Some things to learn are the best sneaker sizes to resell, the best sites and apps to resell on and how to do a local deal safely. Terminology is important to learn too. For example, do you know what bae sizes are?
After learning about the sneaker market, then comes building financial capital. This can be done in a number of ways, but the easiest way is by reselling used sneakers from thrift stores or even from your own collection. If you have some old sneakers lying around that you barely wear they could turn into a start-up fund for your sneaker reselling side hustle.
How much money do you need to start reselling sneakers?
Honestly, you don’t need any money to start reselling sneakers if you have a credit card. If you manage to buy a pair of hype Jordans from the Nike SNKRS app and sell them immediately then you can pay off the charge on your credit card before your statement. You’ll make an instant profit, pay off your credit card and keep the rest as profit.
But realistically, you might need to have a couple hundred dollars to start reselling sneakers as a side hustle. Reselling sneakers is a great side hustle to start if you have low capital. You’ll learn that if you can invest and hold sneakers for the long-term, most sneakers go up in value.
Technically, you only need about $10 to start reselling sneakers. You can thrift a used pair of Nikes from Goodwill for less than that and sell them rather quickly for much more than you paid.
Due to its low entry cost, reselling sneakers is a great side hustle for college students with no money and teenagers.
Who can resell sneakers as a side gig?
Anyone can resell sneakers as a side gig. Teenagers, college students, lawyers and parents can all make money from reselling sneakers.
The sneaker industry is a growing, billion-dollar industry. More limited sneakers come out now than ever before and so much free information is available on the internet for new sneaker resellers.
- You do not need a bot to get started selling sneakers.
- You do not need a lot of money to get started reselling sneakers.
- You do not need a cook group to get started selling sneakers.
You can start making money reselling sneakers by thrifting used shoes from your local Goodwill. You can also purchase more shoes on the Nike SNKRS app, sell locally and hold long-term to increase your earnings.
Is it hard to start reselling sneakers?
It’s more difficult than ever before to start reselling sneakers. However, it’s not impossible to do. You can start making money by reselling sneakers but it’ll take more research than before.
It’s best not to look at reselling sneakers as a hard task to start. Becoming a sneaker reseller these days is time-consuming. You have to spend a lot of your time researching the resell value of sneakers, entering raffles and making sales. This time might be better spent on a different side hustle that you’re already good at.
However, once you get the hang of reselling sneakers it’ll become more profitable to you. You can increase your earnings, make better deals and make more money.
Is sneaker botting worth it?
Sneaker botting might be worth it depending on your situation. If you’ve already started making money from reselling sneakers and you’re looking to scale your side hustle, sneaker botting is worth it. However, if you’re just starting out and trying to increase your capital then sneaker botting is likely not worth it.
Let’s face it, sneaker botting is one of the first things new resellers learn about in the world of reselling. Everything seems to be so much easier for botters.
Well, the truth is it’s not all sunshine and rainbows. Sneaker botters spend a lot of money on resources like proxies, inside information and the bots themselves. New sneaker resellers with a little bit of capital could easily find themselves losing it all by investing in bots and not knowing enough about how to use the bot itself or the sneaker market itself.
One of the worst things new sneaker resellers can do is buy a bot too early. Test the waters first without one before you dive in with a bot. You might find that you’re perfectly profitable without a sneaker bot.
Final notes on reselling sneakers as a side gig
Reselling sneakers can be an extremely lucrative side hustle for people of all ages. You don’t have to have a lot of money to get started and it can be done from almost anywhere in the world. Knowing the right information, like the most profitable sneaker brands to resell, will go a long way in this side hustle.
The main problem with reselling sneakers as a side gig is that there is more competition now than ever before. You’ll have to really research different sneakers that come out to find out which are valuable and which are not. Also, the sneaker culture has become more toxic now than ever before, but that’s a story for another day.
See our list of unique used items to resell on eBay for more general information.
You can also take the route of finding cheap sneakers to resell too.