How much money can you make reselling Jordans?

It is absolutely possible to make five figures, more than $10,000 per month reselling shoes. Many people see resellers like Benjamin Kickz or Rashed Belhasa and wonder how these teenager are making so much money from just sneakers. Begin your sneaker resale career today.

Is sneaker reselling profitable?

From the schoolyard and the streets to online marketplaces, sneaker enthusiasts connect over their passion for fashion and make a quick buck. Compared to some other options for how to make extra money online, the sneaker resale market is actually very profitable. It’s currently valued at around $1 billion.

How do I start a shoe reselling business?

How to Start Sneaker Flipping for Profit
  1. Conduct Comprehensive Research. To build your brand as a sneaker reseller, you must have a sound knowledge of sneaker reselling. …
  2. Choose The Right Platform to Sell Your Sneakers. …
  3. Set The Right Price. …
  4. Shipping Preparation. …
  5. Packing.

How do I sell Jordans?

There are many ways to resell your shoes. You can flip them hand-to-hand to people you know, drop them off at big consignment retailers such as Flight Club or Stadium Goods, list them on eBay, or sell them through websites such as StockX and apps like GOAT.

How long does StockX usually take?

StockX strives to complete all orders within 7-12 business days, (that doesn’t include weekends or holidays), however, most orders are completed sooner.

Do resellers make good money?

Potential Financial Gain. Of course, the reason you’ll start this business is to earn money. Here’s what you can expect. “After some experience, it’s typical to earn anywhere between $500-$1,500 per month in profits if you are reselling part-time,” Phelps said.

Can you make money on StockX?

StockX is big on authenticity, so you won’t get the money until they’re happy with your item. That’s why you first ship your item to StockX and not the buyer. Once your product is confirmed to be authentic, you’ll get the funds and a stamp of authenticity.

Can you sell on StockX without box?

StockX requires all items sold on our marketplace to be in brand new condition, including sneaker boxes.

How fast do shoes sell on GOAT?

GOAT says that it will typically take seven to 10 business days for orders to be completed, though in my experience it’s sometimes faster. And unlike StockX, GOAT has a feature called “Instant Ship,” which includes pairs that it has already authenticated and can be shipped right after you place an order.

What payout method should I use for StockX?

You can now choose to receive your payouts on StockX via PayPal or an ACH Payout directly to your bank account. Just go to your account settings page and click “EDIT” next to “Selling Info” to select your method of payout. Selling fees are the same whether you choose to receive your payout via PayPal or ACH.

Can you make money flipping on StockX?

How much do you make selling on StockX?

What are StockX Selling Fees?
LevelSales RequiredBase Transaction Fee
Mar 16, 2022

Does StockX pay immediately?

Once the item you sold passes our verification process and your payout is released, it typically takes 1-5 business days (depending on your bank and region) for funds to arrive in your bank account.

What if the seller doesn’t ship on StockX?

Your account can be subject to a penalty fee if you fail to ship the item within the allotted time period (typically two business days), or if you sell and ship StockX an item that does not meet our condition guidelines and/or isn’t authentic or doesn’t exactly match the item as it is described on StockX in any way.

How does StockX pay monthly?

You can now pay for your StockX purchases over a 3, 6 or 12 month period using Affirm. For example, for a $800 purchase you could pay $70/mo over 12 months at 10% APR. A down payment may be required.

How do u get paid on goat?

You have two options to cash out your earnings: You can either have your funds deposited to a US bank account through ACH direct deposit or to your PayPal account. There is a 2.9% fee for all cash outs.

How does the bid work on StockX?

All bids are placed in order from high to low on an item’s product page. You can select the number of days until a bid expires: 1, 3, 7, 14, 30, or 60. We’ll send an email when your Bid is about to expire so you can renew it or let it go. You can also cancel or update your bid anytime before an Ask meets it.

How long does it take for goat to pay you?

2-3 business days
Once your cash out method has been approved, the funds will be deposited. Please allow 2-3 business days for the banks to process. Business days are Monday – Friday, excluding holidays and if you cash out after business hours, the first day would be the following business day.

Does it cost money to sell on GOAT?

The amount of the commission fee is 9.5% + seller fee for a seller in good standing. The commission fee can increase to 15% + seller fee and a maximum of 25% + seller fee depending on the number of seller cancellations and verification issues, as described in more detail below.

How do you sell GOAT fast?

Does GOAT pay in USD?

GOAT app users can use their Wise account to receive payments from GOAT in USD. As a seller, you can only set and manage your seller account on the GOAT app. GOAT operates in USD.

Does GOAT pay for shipping?

Once the sale is confirmed by you, we’ll send you a prepaid, pre-addressed shipping label via email. Please use this to avoid any tracking errors and delays with earnings.