Start a reselling side hustle today
How can you make money reselling?
The art of reselling comes in a variety of different methods. From retail arbitrage to selling your old junk or flipping sneakers for money, there are tons of ways you can make money from being a reseller. Unlike launching an e-book or writing a blog post, you have to put yourself in the right place at the right time to be a successful reseller.
How can you get started as a reseller?
All it takes to get started reselling is an idea about a product you know enough about to sell. It will vary depending on what you’re interested in. Take a look at these sneakers to resell in 2022 if you need some help. After that, look at the best sites and apps to resell sneakers in 2022.
Some common items you might consider reselling are:
- Golf equipment
- Old tech (cellphones, laptops, etc.)
- So much more!
How much should you pay for shipping?
Depending on how you sell your product, paying for shipping might already be handled for you. Selling an item on eBay means you have to abide by their shipping standards. They receive a discount from most shipping services but you have to be aware of which service you picked when creating your listing. (See the infographic below for more details)
Selling sneakers on websites like Alias and StockX is easier because they immediately send you the label once the sneakers sell. They decide the best shipping method for you.
However, if you’re selling something separately from a platform like StockX or eBay, you might have to pay for your own shipping methods. Pirate Ship is a great website to use to get the same USPS shipping discounts as eBay and is easy to use.
How can you learn to thrift?
You can learn to thrift by practicing it. It’s a cheap skill you can develop by training your eye to notice valuable items at low-price retailers, i.e. thrift stores.
One way to learn how to train your eye for thrifting and is by watching Hairy Tornado on YouTube. He’s a full-time reseller who mounts his GoPro to his torso and shows you exactly what he’s thrifting, why he chooses each item and how much he thinks he’ll make.
One thing to keep in mind if you go to a Goodwill, Salvation Army or any other thrift store or yard sale is you’re almost guaranteeing every product you come across will be severely discounted. After that, any product in good enough condition will be profitable after you sell it. Also, you won’t be staking too much money because everything you buy will be cheap.
I recently bought a golf bag from my local Goodwill for $2.99. Sorry, that was a lie. I bought it for $3.21 after tax.
It was used but in great condition. I went home and immediately listed it on eBay. It quickly sold for $79.99 plus shipping.
Why did it sell for so much?
Because it was a golf bag. Those things are expensive no matter what brand or how you look at it.
How did it sell for so much?
Because even though I only paid $3.21 for it, the actual value of the bag on the market was $79.99. That’s a $70 profit in a single day just by thrifting.
Thrifting is an easy way to get your reselling side hustle moving forward quickly.
How do you start reselling sneakers?
I’ve been a sneaker reseller for years and can safely say getting started is easy. My best advice is to start by reselling the sneakers on your feet right now. There are a number of profitable sneaker brands for new resellers to start selling.
It’ll help you learn the value of those sneakers, how much they’re worth on the market, and just how quickly a pair of sneakers can be sold online. One crucial piece of information is learning the best sneaker size to resell.
While you can make good money just by picking up used sneakers at your local thrift store and reselling them, there is a more profitable way.
Shoes like Air Jordans, Yeezy Boosts, and certain Nikes have special sneakers they only release in limited quantities. The fact these sneakers are limited makes them valuable. You can buy and sell these kinds of sneakers and make hundreds of dollars per sale depending on the shoe and how old it is.Learn how to start reselling sneakers yourself.
Bottom line: Reselling is a fast way to make money
I love writing about reselling because it’s an easy way to make anywhere from $50/hour from thrifting to hundreds an hour by selling a single pair of sneakers.
There are tons of items you could be reselling that are probably sitting around your home right now.