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Looking for ways to make money remotely? How about a side hustle that could turn into a full-time business?
You might want to consider reselling sneakers. Not used sneakers from the dark reaches of your closet, but new or gently used shoes that you buy for a bargain and then sell for more using handy apps.
How One Hustler Makes $100,000 Per Year Flipping Sneakers
Bryson Honjo is a sneaker reseller, owner of United Hawaii and star of a prospering YouTube channel that teaches viewers how to start reselling shoes. Honjo started his journey in the sneaker business in 2016, and now makes anywhere between $50,000 and $100,000 per year.
“I do attribute a lot of that to the fact that I have a social media presence,” says Honjo, referencing the higher end of his potential income bracket in any given year.
He says that while his social media presence makes selling easier, it’s not a mandatory requirement to succeed in the sneaker resell game. He has seen resellers make up to $50,000 per year by posting inventory exclusively on reselling apps. No YouTube channel required.
How to Get Started Reselling Shoes
The mechanics of making money in this niche are fairly simple, but that doesn’t necessarily mean it’s easy. You can’t come in with zero knowledge of the industry. To get started, you’ll need to learn about the product, how you’ll make money and how to anticipate overhead costs.
Here’s how the sneaker resale market works in a nutshell:
Sneakers are released in limited quantities. As a sneaker reseller, you can purchase shoes brand new directly from retailers or manufacturers at retail prices. Like-new and gently-used shoes can be thrifted or purchased on any number of apps. You might also be able to use these apps to find a good deal from another reseller on what’s known as the “aftermarket.”
After you’ve built your inventory, you sell your shoes directly to consumers at a markup.
Building Inventory
There was already an…
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