17-year-old entrepreneur made $500,000 selling sneakers in a pandemic - Business Insider

in that it charges users a monthly fee for information related to different sneaker releases. Hasbani's business tends to stay away from rarer, hyped sneaker releases. Instead, the teen focuses on selling more mainstream, less valuable pairs that can be bought and sold in bulk. These types of sneakers are generally referred to as "bricks."

"Instead of waiting on line all day for one shoe, I can get five pairs of not so hyped shoes," he said. While a reseller might make $100 to $200 profit on a rare sneaker that takes longer to sell, Hasbani said he can make about $20 a pair on certain bricks, which he can quickly sell in bulk orders of hundreds of pairs.Hasbani said he generally buys around 1,000 pairs of sneakers a week and then splits up where he sells them.

Hasbani said that if he gets 1,000 pairs of one shoe, he will usually split them up evenly among StockX, GOAT, a consignment shop, and a bulk buyer.Sneaker Convention events have been cancelled amid the pandemicHasbani said one of his biggest assets in the industry is his well-developed list of buyers.

Looted stock by any chance 😀

We should actually be asking what were people doing with sneakers during lockdown ...

Isn't how Phil Knight started out....Nike

Well done, he’s got a bright future!

Are you looking for Web Researcher Expert? Please Contact:

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

How a NYC bar is pivoting to sell DTC cocktail during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

What it's like to go beach camping during the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Considering U took this pic w/ a smartphone then posted same we can assume U received a direct beam of RF transmission from a cell carrier. Including those around u, birds, animals, fish as well. Is this safe for y’all? Probably NOT...
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Ford Disney to showcase new Bronco SUV amid coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Buying a house during the pandemic was worth the extra stress - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. sadkekellion PFInsider Nice and beautiful
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »