Sneaker resale expert shares tips to breaking into the market - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

A sneakerhead who made nearly $7 million in sales last year reveals his secrets to tapping into the exploding multibillion-dollar resale market

Today, Shams has three stores in Los Angeles and one in Springfield, Virginia. He's launching a subscription-based app that he says will work to offer subscribers sneakers for less than market value.

The key is determining how the supply of a shoe relates to the demand, Shams explained. If a highly in-demand pair — like a Travis Scott collaboration — is not restocked, the value of that shoe can go up significantly over time, as there are fewer pairs available overall. This would make that shoe a great investment.The Nike Air Force 1 '07 Off White ComplexCon originally sold for $150 at retail and went up to $4,000 on the resale market, for a value increase of 2,567%.

Shams' advice is to always search for how many pairs of each shoe is produced. He says this can be done on different blogs and websites.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Quibi seeks influencers for original shows - Business Insider - Business InsiderShort-form subscription video app Quibi is forming output deals with social media influencers to fill out the third tier in its content strategy.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Experts say Whatsapp misinformation campaigns are 'under the radar' for UK general election - Business InsiderCybersecurity experts warn Whatsapp misinformation campaigns are going unnoticed. They suggest opening up its data to the research community. SAI Así están las cosas a 24 horas de la votación
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market outlook, investing strategy for 2020 from Julian Emanuel - Business InsiderHere's how one expert thinks the war over zero-fee online trading could propel US stocks 26% higher next year — and his best trades for taking advantage
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bond market credit cycle is 'past midnight' amid loan risks: Dan Fuss - Business InsiderThe 'Warren Buffett of bonds' says the credit cycle has moved 'past midnight' — and explains why he's alarmed about the riskiest corner of the corporate debt market
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mom goes viral on TikTok from sharing simple advice on medical debt - Business InsiderShe worked as a debt collector, then faced medical bills after her daughter's hospitalization. Now, her 'debt pro tips' are going viral on TikTok.
Source: BusinessInsider - 🏆 729. / 51 Read more »