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$10,000/Month Reselling Trending Sneakers + Mocktails & No-Code
Highly profitable side hustles and small businesses you can start today
SideNerds
September 05, 2023
Sneaker Reselling: Tapping into the Multibillion-Dollar Market
⚒️ Niche: Sneakers
💰 Opportunity size: $10,000+/Month
💵 Initial cost: $200
🧩 Difficulty: Medium
🏆 Competition: High
The sneaker reselling market has exploded in recent years and is now valued at a staggering $2 billion worldwide. Sneakerheads and collectors are willing to pay top dollar for rare and coveted kicks, creating a dynamic and highly profitable ecosystem.
Limited-edition releases and collaborations from brands like Nike and Adidas have driven demand through the roof. Resellers act as intermediaries, connecting eager buyers with these sought-after gems, and that’s where you come in!
Getting Started
To begin your sneaker-selling journey, you’ll need to become a walking encyclopedia of sneaker knowledge. Familiarize yourself with the latest releases, limited-edition drops, and classic designs. Understanding the market trends is essential to making informed buying decisions.
We recommend Drop Date to keep on top of upcoming releases. They list the exact dates and times for sneaker drops from Nike, Adidas and many more.
Overtime Kicks is another great (and free) resource for staying clued up on the industry with upcoming product drops alongside sneaker news and culture.
Finding great deals and matching limited edition(i.e. low supply) to high demand is the secret sauce to sneaker reselling success. Scour online marketplaces, join mailing lists, download apps and queue up at sneaker stores. The goal is to source authentic, new or well-maintained sneakers at a fraction of their market value.
People who resell in-demand models often do so for a 200% markup – buying for $200, and sell them for $600 or more.
Off-White™ x Air Jordan 1 "Chicago" collaboration sneakers originally retailed for $190 and are now on sale for a whopping $5,675.
So you’ve identified a trending sneaker, waited for the countdown on release day and managed to grab a coveted pair. Unfortunately it’s already time to party ways.
Stockx and Flight Club are the two best resale services with a combined 40,000,000 active users every month ready to pay a premium for the hottest sneakers.
If online marketplaces aren’t your thing, why not create your own brand and sell through Instagram? “Kicks With Frank” has a brilliant YouTube guide on how to set yourself up for success here, covering everything from product photos to requesting customer reviews.
Determining the right price is also crucial. Research similar listings across online marketplaces, factor in the condition and rarity of your sneakers, and set competitive prices to attract buyers.
Finally, once you've sealed the deal, ensure safe and secure packaging. Nobody wants their prized kicks damaged in transit, so check out the Stockx guide to safely shipping sneakers.
Success Stories
Check out these success stories from everyday people making thousands of dollars a month reselling trending sneakers.
Recommended Resource
Hypermaster: Offers free starter guides as well as several affordable paid resources for fast-tracking your resale venture.
TL;DR
Begin by educating yourself about sneaker trends, releases, and authentication methods. Build a network within the sneaker community, scout for deals using local stores, online marketplaces and apps. Platforms like StockX offer secure resale environments. With dedication and a keen eye, you can grow a thriving side hustle in this lucrative niche.
📚 What We’re Reading
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📈 Trending Niche: Mocktails
The global ready to drink mocktails market is forecast to account for $9.43 billion by 2028, growing at an annual rate of 9.6% between 2021 and 2028.
Alcohol consumption is also falling, with the average number of drinks consumed in the past seven days falling from an average 5.2 drinks in 2001-2003 to 3.6 drinks in 2021-2023.
Grab a slice of this market by mixing and bottling up your own specialty craft mocktails and selling them at markets, to local bars or even online.
