Yes, reselling sneakers is still profitable in 2023. However, profitable sneaker brands and models to resell have changed. From Jordan 1s and Adidas Yeezys to Air Jordan 4 Retros and MSCHF Big Red Boots, reselling sneakers in 2023 all depends on the specific sneakers you can secure.
For example, 2020 and 2021 were the years of the Nike Dunk. Most Dunks sold for large profit at first but then they quickly died. Nowadays, Nike Dunks don’t sell for nearly as much as they used to. Here’s how to buy more shoes on the SNKRS app.
Adidas Yeezys have made their way into an odd spot for resellers. These trending sneaker brands and models are why reselling sneakers can be so profitable in 2023.
For these reasons, reselling sneakers is profitable if you know what you’re doing. Let’s go over a little more just to make sure you know exactly how profitable sneakers and shoes are in 2023. You can also look at sneakers 2022 that went up in value.
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Just remember, there are several different routes you can take to make money reselling sneakers. From long-term holding to quick flips or selling used shoes, you have several options.Also, see the best sneaker sizes to resell.
Is reselling sneakers profitable in 2023?
Yes, reselling sneakers is absolutely profitable in 2023. You can make hundreds or even thousands of dollars every month just from reselling sneakers. Your profit margins selling sneakers come from how many hyped pairs you can buy for retail and sell on the aftermarket.
The sneaker industry is a billion-dollar market that has been growing for decades. It’s showing no signs of slowing down because footwear is an essential clothing item. Sneakers will always be profitable as long as you’re able to obtain the right ones.
Bottom line, reselling sneakers is a good side gig.
Which sneakers are profitable in 2023?
Some Air Jordan 1s, specific Air Jordan 3s, most Air Jordan 4s, Air Jordan 11s and some random pairs like MSCHF’s Big Red Boots have been the most profitable in 2022-2023 so far. It’s honestly hard to tell which pairs are really popular at the start of 2023.
Obviously, the model of those sneakers will determine how profitable each one is. For example, some Nike Dunk Lows are worth more than Nike Dunk Highs. The same goes for Jordan 1 Highs, Lows and Mids.
There are several different kinds of Adidas Yeezys on the market, but only some are popular. Yeezy 350 V2s have remained popular over the years, while Yeezy QNTM sneakers typically brick on StockX and other platforms.
Also, it’s important to remember you must resell sneakers on the best sites and apps to make the most money.
What is the most profitable Air Jordan to resell in 2023?
The Air Jordan 4 seems to be the most profitable Air Jordan in 2022 and in 2023. The Air Jordan 1 High and Air Jordan 11 models are also profitable Air Jordans to resell in 2023.
These Jordan models attract more aftermarket buyers because of how popular they are. Many sneaker enthusiasts love the Jordan 3, 4 and 11. They are willing to shell out double or triple the retail value of these sneakers to get their hands on them.
How much can a sneaker reseller make?
Sneaker resellers can make full-time salaries just from selling shoes. They can make anywhere from a couple hundred dollars every year to hundreds of thousands each year.
Making more money from reselling sneakers comes from buying and selling more shoes. The more you can buy, the more you’ll be able to sell for a profit. Also, if the sneakers you buy are extremely valuable then you can make even more money from each pair you sell.
Resellers who frequently obtain sneakers like Off-White Jordan 1s or Union Jordan 4s are the ones who can make more than 6 figures every year just from reselling. Typically, it takes time for most resellers to get their financial situation high enough so they can start reselling enough shoes to make 6 figures every year.
What is the best platform to resell sneakers?
Depending on where you live and the sneakers you’re selling, StockX is one of the best platforms to resell sneakers. Sneaker resellers can also take advantage of eBay’s fee-free sneaker authentication and market.
Here are a few tips for the best platforms to resell sneakers.
StockX is one of the best platforms for resellers because of its reputation and price charts. Sellers can find past price history for thousands of different sneakers. They can also track trends and do market research by looking at the graphs.
The company provided an authenticity guarantee service by checking every product sold on the platform for legitimacy.
Unfortunately, StockX only allows sellers to sell brand new products. If your sneakers were ever worn before then you can not sell them on Stockx.
Alias is the selling platform for the GOAT app. It’s the main competitor to StockX and it does allow the selling of used sneakers that you might have gotten from thrifting.
However, the one big drawback of Alias is that its reporting on past sales is not as comprehensive as StockX. You can’t easily or clearly see market trends by selling on Alias. Also, even though aftermarket prices are higher on Alias than StockX, it’s only because seller fees are higher.
Recently, eBay has surged in popularity for sneaker resellers. It’s because of the platforms’ fee-free sneaker reselling. Sellers get to keep 100% of the profit from their sales. This is a huge gamechanger for sellers who were using StockX and Alias.
With eBay’s managed payments and next-day payouts, it’s one of best options for sellers. However, the one thing holding it back from being the best is that its fee-free sneaker reselling program is still new. The longer this program exists, the better eBay will be compared to other platforms.
Is sneaker reselling growing?
Sneaker reselling is growing rapidly. It’s a multi-billion dollar industry that is seeing faster growth every year. It doesn’t show any signs of dying down.
Since sneaker reselling is growing, that means you can still join in and make profit. All you need to start reselling sneakers is startup money for your first pair and knowledge about the market. After you understand which pairs are profitable and which aren’t, you can focus completely on the pairs that make money.
The more the market grows, you’ll start to see older pairs will go up in value because they will be hard to find and highly sought after by buyers.
Is it illegal to buy and resell shoes?
No, it is not illegal to buy and resell shoes or sneakers. It is completely within the law to resell sneakers of all kinds.
However, not paying your taxes on the profit you make from reselling sneakers is against the law. The IRS can put you in jail if you don’t pay annual income tax. It’s always best to put about 25% of your profit aside for tax purposes if you’re a sneaker reseller.
Just make sure you authenticate your sneakers before you resell them, as selling fake shoes is illegal.
Reselling sneakers in 2023 is profitable
The bottom line is reselling sneakers in 2023 is extremely profitable if you know what you’re doing. Market research is more important than ever in today’s reselling communities. You’ll know the best times to put your sneakers up for sale or when to hold your sneakers for a longer time.See the best ways to start reselling sneakers.
Depending on how many pairs of profitable sneakers you get and the platforms you choose to sell them on, you can make a lot of money reselling sneakers. Bae sizes are some of the best size sneakers to resell.