If you get your hands on the right shoe or sell a lot of them, you can make a lot of money. But how should you go about selling your stock?
Reselling your shoes can be done in a variety of ways. A variety of options are available for selling your items: you can do so through word-of-mouth, consignment shops like Flight Club or Stadium Goods, eBay, or a variety of other online and mobile platforms like StockX and GOAT.
There are a lot of things to consider when reselling your shoes. Are there any additional charges to be aware of? When can I expect to either sell the sneakers or be paid? Do you know how much you’ll be paid? Do you have to put in a lot of work? If you’re a victim of fraud, will anyone step in to save you?
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Where To Trade Shoes Online
We’ve compiled a list of the most popular sites, shops, and methods for reselling your shoes for your convenience. We want you to be well-informed, so we’ve gathered all the relevant facts and information and provided it to you so you can come to your own conclusions. Here are some of the advantages and disadvantages:
Locations: The company is based in Detroit and is active online.
The selling procedure: StockX is based on a bid/ask system of price discovery and trade execution. Potential buyers have the option to accept or reject your price for your sneakers when you list them on the site. If a seller accepts the price a buyer has set, the buyer can choose to sell their shoes for that price.
You will receive an email with a shipping label from StockX once a deal has been agreed upon. A fee will be deducted from your order if your sneakers are not delivered within two business days, according to the service. We only accept brand new, unused items.
Fee: Seller fees start at 9.5 percent, but drop to 9 percent after three sales are completed. 3 percent is charged for payment processing. After 30 sales or $10,000 in volume, fees will drop to 8.5 percent. After either 100 sales or $25,000 in transactions, fees will be reduced to 8 percent, whichever comes first.
The payment method: Once the shoes have been shipped and verified, PayPal will deposit the money into your account. Direct deposit is another option.
The more you use it, the better it gets. After a certain number of sales, you won’t need a buyer to get paid; if the price you’re willing to accept for your sneakers is met, then the money will be in your bank account within days. Because StockX has a database of how much recent pairs sold for in their respective sizes, you can also make educated guesses on how much you want to list your sneakers for
Several customers have had issues with the quality of some of the sneakers they have purchased from StockX in the past. More than 6 million customers’ personal information including their email addresses was leaked in an unprecedented data breach on the platform.
This included usernames and hashed passwords. Once this data had been obtained, it is said to have sold for $300 on the dark web. Despite StockX acknowledging this and making system updates, it is still a risk to both buyers and sellers.
ALSO SEE: Is Goat Legit for Shoes/Sneakers?
Locations: The online selling process: Post the sneakers you’d like to sell on your personal Instagram account and hope that someone notices it. Also, you can be the worst internet user ever by commenting on big sneaker accounts to announce that you have an extra size of the shoe you want to sell, which is the worst thing you can do. There is no charge for this service.
Process of payment: Whatever you decide: Payments can be made using a variety of methods, including cash, Venmo, or PayPal.
It’s up to you to set your own parameters. You get to keep all of the money you make from the sale of your product.
There is no regulation, which means that every sale is a gamble. Sneaker sales will only be promoted by word-of-mouth and your own following.
The Flight Club
New York City, Los Angeles, and San Francisco are among the cities featured. Location: Online
To sell a pair of sneakers through Flight Club, you simply drop them off at one of the company’s physical locations. In addition, you can have the shoes shipped directly to them. You and the staff negotiate a price for a particular sneaker based on the store’s past sales. Shoe sales will take place both in-store and on the store’s website as a result.
Once someone buys your shoes, you are paid. Alternatively, you can have the money deposited into your bank account and pick up a check at the bank.
In addition to the 9.5% commission, Flight Club charges a $5 seller fee and a 2.9% cash-out fee on every sale it facilitates.
Once the money is deposited into your online account, you can either transfer the money to your bank account, or you can pick up a check at one of our physical locations and deposit it into your bank account.
Pros: Flight Club has been around since the beginning of the game and is a reliable source for the sale of your sneakers. Tourists flock to the stores, and your product is likely to sell out quickly after you put it on display.
It’s also possible to change the price of your product online if you’re having difficulty selling it at the original price. Flight Club also accepts the sale of gently used sneakers, but they must be delivered in person. All transactions are conducted in the pseudonymous manner that they are. GOAT has cross-listed items.
Regardless of whether the store is overstocked or a particular product is struggling to sell, Flight Club has the right to refuse any sneaker for any reason. Cons:
Locations: Online, based in New York City
The selling procedure: Grailed is more than just a place to buy sneakers; it’s also a destination for designer clothing and streetwear. Your product is uploaded and three photos are posted on Grailed, allowing customers to buy it directly from you rather than through Grailed employees. As long as one of them has your username on it, you’re good to go! It’s possible to target the high-end designer, street-style and sneaker, classic men’s fashion, or lower-end item markets with your product.
A product description is required and Grailed recommends basing your price off of items that have already sold on its marketplace. It’s impossible to sell anonymously because buyers can see who you’re buying from. Products must be shipped directly by the vendors.
9% plus 2.9% and 30 cents for PayPal processing is the fee you’ll pay.
Using PayPal is the only way to pay.
For the most part, Grailed has a wide variety of products to choose from. No matter how unlikely it seems, you can always try your luck on Grailed in the meantime. When compared to other stores, the traditional 80/20 split is significantly higher. Editing your listing is also an option.
You have to conduct your research and check the seller’s feedback because there is no vetting of whether the goods is genuine or not before it is uploaded. The cost of delivering the shoe will detract from your profit margins, so work out a shipping deal with the customer beforehand.
Stadium Goods’ locations include New York City, the internet, a Nordstrom’s store, and partnerships with eBay and Alibaba.
Stadium Goods was only founded in 2015, yet it’s quickly become one of the most renowned and largest secondary sneaker markets. Both in-person and postal drop-off options are available at the store’s Manhattan location. You and the staff at the store come up with the prices based on current market values, of course. All you have to do is wait for the money to come in. Every week, the store distributes its profits to its employees.
Fee: An 80/20 split is used by the shop.
If you prefer, you can either pick up the check in person or have it deposited directly into your bank account. An additional W9 form must be completed as well.
In the reselling industry, Stadium Goods is setting the standard. They have agreements with Nike, China’s Alibaba, eBay, and Nordstrom, and they can be trusted. With nearby retailers like NikeLab at 21 Mercer, the store’s New York location sees a lot of foot traffic. In addition, the retailer holds sales on the site from time to time, which is unheard of in the reselling business. Although it increases the speed at which the product is moved, this does not reduce your profit margin. The buyer and seller remain unidentified throughout the transaction.
There is no way to change the prices of your shoes listed online. In addition, rather than getting paid when the shoe sells, you get paid every week in this arrangement.
Locations: On the internet or in an app
Applying to sell on GOAT is the first step in the process. You’ll be able to sell your shoes on the internet once you’ve obtained seller authorization. You’ll have to send the shoes to GOAT for authentication if you make a sale. If all goes according to plan, the money will be deposited into your account as soon as possible.
In the United States, the fee is $5. More than a dozen countries in Europe charge $12 for a single ticket. In Hong Kong, a meal costs $15. In Canada, Austria, Sweden, Italy, Finland, Portugal, Spain, and Denmark, $20 is the price of admission. In Guam, twenty-five dollars is the going rate. For the rest of the world, it costs $30. In addition, there is a 9.5 percent commission.
There is a 15 percent to 25 percent increase in this fee for canceled orders because of “replicas, wrong size, wrong shoe, wrong condition, uncommon manufacturing defects not mentioned.” Seller ratings are lowered by 10 points for each cancellation. In addition, a seller’s rating may affect how much the commission fee rises.
The payment method: The money will be credited to your GOAT account once the sneakers have been verified, and you can then use it to purchase sneakers or cash it out.
For the most part, the process of selling a product and receiving payment is painless. The only thing left to do is ship the sneaker, which you can do via your phone. New or used sneakers can be sold with or without their original boxes once you’ve been verified. They’ve also introduced a service where they’ll clean your footwear for you. Flight Club items appear on the same page.
Cons: Since you must be verified in order to use the program, it isn’t the fastest or easiest way to sell your shoes. The company claims it is verifying sellers in small batches.
Locations: Online selling process: You create a listing for your sneakers after taking photos of them. Your sneakers can either be put up for auction or sold immediately for the set price you specify. In order to receive payment, the seller must first locate and contact a buyer. In the end, it isn’t a one-way street. Because you’ll be shipping the sneakers yourself, you’ll need to factor in the cost of shipping.
Shipping, handling, taxes, and other fees are not included in the price of sneakers over $100. Users who use managed payments will receive a credit of.30 cents on the final value fee.
In order to make a purchase, the buyer can use a credit or debit card, as well as PayPal.
One of the biggest advantages of selling items on eBay is that you’ll be more likely to make sales if your customers rate your items as excellent. Because it’s the original online marketplace for buying and selling sneakers, you can expect a higher volume of traffic to your listings.
Drawbacks: If no one buys, you’ll have to relist the item, but eBay will reimburse your listing fees. On eBay, there are a lot of fakes, so buyers can be a little wary of purchasing sneakers there
Soled Out Jc.
The selling method is very similar to that of Stadium Goods or Flight Club, for example. Afterward, you’ll go to the store, talk to the owner or employee, and work out a price.
Typically, the fee is shared 80/20.
There are a variety of payment methods, but the most common is an in-store cash payout.
Flight Club and Stadium Goods may be more difficult to sell your sneakers if you don’t live in New York or Los Angeles.
Low footfall at these stores has several drawbacks. Lacking a larger online presence. Your shoes may take a while to sell.
Miami, Los Angeles, and New York City are just a few of the many possible locations. Online
In order to get paid, you bring your merchandise into the store and Round Two will buy it from you right away. You’ll be paid in cash at this location.
There will be no charges.
Instant cash is one of the advantages. New and secondhand merchandise are both welcome.
If you don’t know how much you’re looking for, you may not be able to sell the item at a price you’re happy with. Visit one of its many places if you wish to do so.
Where To Trade Shoes For Money
Following websites are where you can trade your shoes for money:
- The RealReal
How To Trade Sneakers
Starting with a consignment shop like StockX is a good place to begin. Both sites act as intermediaries between buyers and sellers, facilitating transactions. To sell your shoes, you must deal directly with either website. Once you’ve decided on the winning bid, simply ship the sneakers to them and they’ll take care of the rest.
Can You Trade In Shoes At Foot Locker?
Exchanges are free and we’ll cover the shipping costs for any products that are returned. There may be a waiting list for exchanges. If your size is out of stock, we’ll issue a refund.
Where Can I Sell My Jordans For Cash?
You can sell them to individuals you know, drop them off at consignment shops like Flight Club or Stadium Goods, post them on eBay, or use websites like StockX and apps like GOAT to resell them.