No, sneaker reselling is not dead in 2022. While it’s true that sneaker markets have fluctuated up and down in 2022, reselling sneakers is not dead.
This can be seen from a variety of angles, but the most prominent factor is that many sneaker releases still resell for more than their retail price. This is a clear sign that sneaker reselling is not dead in 2022.
Has the sneaker resale market slowed down?
The sneaker market has not slowed down, but it has corrected itself. The sneaker market, like many markets in 2022, faced a mass correction after price hikes in the previous years.
From stocks to luxury watches and other collectibles, the sneaker market is one of many markets that is correcting itself.
For these reasons, many sneakers are reselling for less money because the economy of the world isn’t doing well. Markets are crashing due to rising prices of essentials and other factors.
Will reselling sneakers be valuable again?
As long as there is demand for certain profitable sneaker brands, then yes, reselling sneakers will be valuable.
For example, the upcoming Jordan 11 Cherry resell value will take off on the aftermarket because buyers love Jordan 11s. Jordan 11s have been skyrocketing in resale value for years.
Once the economy of the world is in a better place, markets like the sneaker resell market will once again be healthy and thriving.
Find out how to learn which sneakers will resell for more money.
Now is the time for sneaker resellers to buy cheap sneakers and hold them for when the market bounces back. It could take months or even a year, but buying shoes while they’re on discount and holding them until they are valuable is a great way to start reselling shoes.
You can also try reselling shoes from the thrift store for cheap if you wanted to make money that way.
Related: Find resale prices from Yeezy Day 2022.