Secondary market
With the new generation of Instagram resellers, sneakers apparel fanatics, influencers; the amount of buyers and followers is multiplying! The problem now is that only a few percentage of buyers wear what they acquired! It has become a game of showing off who has the most of something or who has the most coveted item etc.
Well at the end of the day a “side hustle” is always good and who would say no to some extra income? But guess what ? 70% of the footwear, clothing and accessories are flipping for retail price and less! Only the gems and big collab are flipping for 2 to 20 times the price.
So the question we need to ask anyone is: After buying a paid of ltd Nike, Jordan, Adidas, Puma etc. you name it, at retail price + tax (or not) + shipping (or not) will I be able to make a good profit reselling it online? Well the sad answer is in 70% of the case : NO
Volatility
Now a days, if you want to flip shoes and make a small profit on a daily basis, on any of those well known platforms/marketplace, you need to buy at wholesale or retail at maximum! For the 20% of the “cream of the crop” you can always expect to pay extra on top of retail of course! Here we are focusing on the other 80% of the trades, this is where the volume, recurrence and stock is !Stores need to move those items: general release of footwear, clothing brand that everyone carries etc!
