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

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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.

 

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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?

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