Flipping Sneakers for Revenue – $250-1000 a Month in Your Spare Time

Flipping Sneakers for Revenue – $250-1000 a Month in Your Spare Time

beau hunter

On the facet from his day job, Beau Hunter is an expert shoe flipper.

His flipping facet hustle has helped his household erase over $100k in debt!

On this episode, Beau explains why sneakers are a wonderful selection for rookies and the way you

can discover sneakers to flip for as much as a 10x return.

For those who’re in search of an additional $500-1000 a month in revenue, I’m assured you possibly can exit and discover it footwear with the assistance of Beau’s insights.

Tune in to The Facet Hustle Present interview to listen to:

  • why Beau narrowed in on flipping sneakers
  • the place he sources stock and the way he costs his sneakers
  • how Beau cleans, preps, and lists his sneakers on the market

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Why Sneakers?

“For those who’d requested me 5 years in the past I might have informed you, ‘Sneakers? What are you speaking about? I don’t even like sneakers,’” Beau informed me.

Beau defined that he had been flipping gadgets for some time however the thought of flipping sneakers by no means crossed his thoughts.

A part of the rationale for this was that Beau didn’t have an curiosity in style or know a lot about sneakers.

However it turned apparent that there have been a number of sneakers on the market. Beau would usually see sneakers at thrift shops, storage gross sales, on-line marketplaces, and elsewhere whereas in search of stuff to flip.

Ultimately, Beau determined to strive flipping some sneakers.

He was stunned by how a lot curiosity there was and the way simple it was to flip them, and this was the start of Beau narrowing his focus onto sneakers.

Beau defined that there are a number of upsides to flipping sneakers over different gadgets, like:

  • No want to purchase spare components or repair them up
  • They ship simply and inexpensively
  • You don’t must spend a lot time studying about completely different sneakers
  • They don’t take up a number of area at dwelling
  • They’re a low value level however have the potential for a excessive ROI

For those who’re at the moment flipping gadgets or are fascinated by getting began, Beau stated he’d suggest to anybody to attempt to flip some sneakers.

And we’re speaking about on a regular basis sneakers and costume sneakers, not essentially flipping restricted version or high-end sneakers.

flipping shoes for profit

The First Shoe Flip and Getting Began

Beau remembers the primary pair of sneakers he flipped effectively because it was a pair of his personal sneakers.

“For those who obtained sneakers in your own home you don’t put on, promote ‘em,” Beau stated.

Even in case you don’t have spare sneakers your self, Beau defined that it’s not onerous to seek out buddies or members of the family with spare sneakers.

This can be a nice method to get began. You’ll be able to observe taking photos, making listings on-line, and seeing what you may get for them.

Beau makes use of eBay to promote most of his sneakers. He stated that he is aware of of various different marketplaces the place he might cross-post his listings, however he’s busy along with his day job and has restricted time.

Beau works as much as 70-80 hours every week as a band director for a highschool in Texas. Flipping could be very a lot a facet hustle and one thing he does as and when he has spare time.

Sourcing Extra Stock and Standards

Among the locations Beau stated you’ll discover sneakers are:

  • Thrift shops
  • Storage gross sales
  • Flea markets
  • Property gross sales
  • Church gross sales
  • On-line marketplaces

Beau stated that on-line marketplaces are the simplest method to discover sneakers, however they’re normally the most costly.

He additionally stated that males’s sneakers are in shorter provide however flip for extra because it’s a much less aggressive market.

As for standards, when Beau sees a pair of sneakers the primary issues he seems at are:

  • Model – That is an important factor to contemplate when shopping for sneakers. Individuals have a tendency to look by model, so that you’ll have to know what manufacturers of sneakers are promoting effectively.
  • Situation – The situation of the sneakers goes to have a huge impact on the value. It’s regular to have to wash sneakers up earlier than flipping, however you don’t need to attempt to restore them.
  • Potential revenue – “I don’t need to make lower than $25 revenue on a pair of sneakers,” Beau informed me. Everybody could have their very own margin they’re comfy with, however as Beau is brief on time he goals for $25 per pair at least, and sometimes finds sneakers he can promote for as much as 10x.
  • Measurement – Beau stated he received’t purchase something under a measurement 8 in males’s and a 6 and a half in girls’s. It doesn’t matter how massive males’s sneakers are, however something above 8 and a half in girls’s sneakers are onerous to promote.

As soon as what you’re in search of, Beau stated it’s actually not that troublesome to seek out sneakers that you could flip for revenue.

“You’ll discover $25 revenue sneakers nearly each time you exit in case you go to a number of shops,” Beau informed me.

High Performing Manufacturers and Pricing

Beau stated it’s “fairly hit or miss,” if you wish to attempt to deal with the top-performing shoe manufacturers.

Be aware: Grab Beau’s list of brands to look for here.

There are millions of shoe manufacturers and so many types, fashions, and years of make that it’s onerous to pinpoint greatest sellers or highest revenue fashions of shoe.

Sturdy, well-known costume shoe manufacturers will promote for the next value, as will standard operating shoe manufacturers.

Manufacturers like Purple Wing, Lucchese, and Cole Haan have been a number of Beau talked about that do effectively for him on the costume shoe facet.

For trainers, Adidas, Nike, Brooks, and Hoka all promote effectively so long as they’re in good situation.

When estimating a value, as a common rule Beau stated used sneakers will flip for round 1 / 4 to half of their retail value relying on the situation.

Beau additionally takes a fast look on eBay to see how a lot a selected shoe is at the moment promoting for within the accomplished auctions.

For those who’re keen to spend time wanting, Beau stated there’s at all times a number of potential to discover a excessive a number of flip on a superb model.

An instance Beau shared is that he may discover a pair of Lucchese boots for $10-15 that he’s in a position to promote for as a lot as $350 on the excessive finish.

On the identical time, he additionally sees Lucchese boots that he is aware of will solely promote for $80 tops, so he normally passes on these.

With regards to figuring out the precise mannequin of a shoe, each model is completely different.

Cole Haan, for instance, has a mannequin quantity on the within of the shoe you need to use to lookup the identify of the shoe on Google.

Some sneakers are more durable to determine so that you’ll must do some investigating to seek out out what the mannequin is.

Purple Flags

There are particular forms of injury or put on and tear that may cease Beau from shopping for a pair of sneakers.

For trainers, any seen injury the place the heel slips in or the only real of the shoe will make Beau cross on it.

If somebody is shopping for trainers they’re going to need them to be in adequate situation that they’ll use them for operating and be comfy.

Excessive-end leather-based costume sneakers are at all times going to look “gnarly,” Beau stated, however this doesn’t put him off.

Beau runs his finger alongside the only real of costume sneakers to test for comfortable spots, makes positive the stitching is in good order throughout the shoe and checks the heel.

A bit of damage and tear on a used shoe is anticipated and that doesn’t put Beau off. So long as the shoe is in good situation and isn’t going to disintegrate, if the margin is there, he’ll purchase it.

The Significance of Making Connections

Making connections with managers and employees at thrift shops and different locations that promote used sneakers has been enormous for Beau.

Beau explains to buy employees what he’s doing when buying at thrift shops and asks if they’ll tip him off when new inventory is available in.

There have been various events when retailer managers have informed him they’ve extra containers of sneakers out the again and given him the primary look.

Prepping Sneakers for Sale

Beau has handled a number of completely different supplies and forms of sneakers, so he’s constructed up a set of cleansing merchandise.

You have to some specialized products to clean up shoes on the market, but it surely’s actually low cost and straightforward to do, Beau defined.

For notably smelly sneakers like operating sneakers, Beau can even run them by way of the machine and use a deodorizer.

There are particular stains and odors Beau has realized from expertise that it’s simply not definitely worth the effort and time to wash up.

For instance, cat hair or urine are robust ones, as is the scent of smoke. Until there’s a enormous margin on the sneakers Beau steers effectively away from these.

The vital factor to recollect is that “they don’t have to look model new,” Beau informed me.

Product Photographs

Good product pictures are essential when promoting sneakers on-line.

Beau purchased some white photo paper for his background, makes use of three lights, and says his product pictures are pretty much as good as anybody’s.

Beau added that having high-quality pictures is likely one of the the reason why he is ready to record his sneakers on the larger finish of their value vary.

Itemizing Finest Practices

Among the itemizing greatest practices Beau shared are:

  • Descriptive titles – Beau defined that eBay’s algorithm likes it if you expend all of the letter area within the title. Embody the model, measurement, and different vital info within the title.
  • Good descriptions – You must record as a lot details about the shoe as doable. In addition to the model, fashion, and mannequin, make detailed notes on the situation of the sneakers.
  • Fill out meta knowledge – eBay asks for lots of meta knowledge. Issues like the dimensions in different international locations, the fabric of the shoe and so forth. Be sure to fill out as a lot as doable.
  • Record as “Purchase it now” – This permits consumers to buy the shoe with out ready for an public sale to finish.
  • Purchaser pays delivery – Transport charges can fluctuate quite a bit based mostly on how far-off your purchaser is. It’s simpler to only record your sneakers as the customer pays delivery if you’re beginning out. You’ll be able to swap to free delivery at a later date when you may have a greater thought of how a lot to bake into the value of the sneakers.
  • Settle for returns – Beau stated he thinks it’s proper to just accept returns on sneakers. A purchaser can’t strive them on earlier than they purchase as they’d within the retailer, so it’s solely truthful. That is the place taking high-quality photos helps. For those who’re catching each flaw and mark on the sneakers, the customer is aware of what to anticipate after they open them.

Errors and Surprises in Flipping Sneakers

“For those who get a Nike from Marshalls and record it as model new, that’s an issue,” Beau stated.

Once you purchase Nike’s from Marshall’s, they don’t are available a field and you’ll’t promote them as model new.

Beau stated that Nike has been identified to purchase their sneakers being bought as “new” that break any guidelines and report sellers.

It’s not simply Nike that does this, however Nike is the worst offender, Beau stated. That was one lesson Beau realized alongside the best way.

One other is that utilizing sure phrases which might be copyrighted can get you in bother.

eBay has a Verified Rights Owner (VeRO) policy that protects firms from sellers infringing on their copyright, trademark, or different mental property rights.

You’ll be able to’t even use the phrase “Velcro” as that’s a model identify. As an alternative, you’ll have to say “hook and loop” or one thing related.

Beau stated a few of these firms are fairly aggressive about discovering sellers utilizing their copyrighted phrases so it’s greatest to brush up on what you possibly can or can’t use.

You can even run into points delivery sure supplies over state traces. For instance, Beau has picked up boots created from sea turtle leather-based which isn’t allowed in some states.

Instruments and Tech

The instruments Beau makes use of to run his enterprise are:

  • Spreadsheets – That is how Beau tracks his stock, sale proceeds, and so forth.
  • Air-conditioned storage unit – Beau has an air-conditioned storage unit with the capability to carry round 400 pairs of sneakers. He makes use of this to retailer sneakers as a result of humidity can degrade sure supplies over time.

What’s Subsequent?

Beau has a 3-month outdated so he’s been busy at dwelling the previous few months. However he’s eager to get again into hustling and flipping sneakers, exercising, and touring.

Beau stated he additionally desires to, “construct an inexpensive course, one thing that’s reasonably priced for folks.”

He desires to stroll folks by way of all of the small nuances of flipping sneakers and intends to begin engaged on that quickly.

Beau’s #1 Tip for Facet Hustle Nation

In case your coronary heart guides you to one thing, simply strive it.”

Obtain Your Free Bonus: Finest Objects to Flip for a Revenue

What Are The Finest Issues to Flip for a Revenue?

Enter your electronic mail to take a look at the total record now:

You will additionally obtain my greatest facet hustle suggestions and weekly-ish e-newsletter. Choose-out anytime.

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