College dropout makes $225,000 reselling sneakers: here's how - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

A 20-year-old college dropout says he made $225,000 in sales last year reselling sneakers. Here's how he grew his business without a degree.

Read's sneaker business began as a side hustle. He started selling sneakers as a way to fund his own sneaker collection as a freshman and sophomore at Mount Si High School in Snoqualmie, Washington. But his business quickly grew from there.

The turning point came the summer before Read's senior year of high school, when he went to a sneaker show in Las Vegas, Nevada. He brought about 10 pairs of sneakers to the event and sold them all in a matter of hours, earning enough capital to purchase a bulk order of sneakers to start reselling more vigorously. That's when his business started taking off.Read's sneaker business was on the rise when he started college in the fall of 2018.

A little over a year later, Read has more than proven himself. He is now a full-time reseller and even started achannel in October, where he makes videos about his own journey and tips for people looking to break into the industry.1. Build up some capital firstThough he doesn't believe there is a set amount of money someone needs to have before starting, Read says he wouldn't move forward without having at least $1,000 to spend.2.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

May be this was total revenue

Shoes that ain't worth $40

He is lucky he didn't drop out of college in West Africa. He would've been scorned.

I’m definitely on the wrong continent.

greta Thanks capitalism

$225 in sales does not mean he made a profit. What were his cost-of-goods-sold?

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 729. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Enjoy complimentary access to Business Insider Prime - Sign up today with no obligationsWe saw a lot in 2019, including Amazon's tax scandal, WeWork's downfall and Bloomberg's toxic culture to name a few. Read all the details with free access to Business Insider Prime (BIPrime) for a limited time. BIPrime BIPrime You are great
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

US needs to cancel student debt, make college more affordable - Business InsiderOpinion: Presidential candidates should address the college-affordability crisis by canceling some or all of the outstanding student debt in the US.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

What the fintech pros are saying about 2020 - Business Insider - Business InsiderBusiness Insider Intelligence's fintech research team asked industry leaders for their 2020 fintech predictions — and what didn't pan out in 2019.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Hiring a financial planner made this retiree's life 'so much better' - Business InsiderThe retiree said meeting with a fee-only financial planner quelled one of his biggest fears: that he's going to run out of money in retirement.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

The best industries and states to start a business in 2020 - Business InsiderRead Business Insider's exclusive analysis of the top 10 business categories and top 10 locations for entrepreneurs to grow in 2020.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »