How to Sell Your Expensive Sneakers FAST Using EBay
“The quick nickel is better than the slow dime”. Money loves speed. Not everyone knows how to flip shoes fast. Here are some proven techniques to move your inventory and grow your business.
Selling sneakers is an incredibly fun and rewarding way to make money.
Thanks to its billion dollar market, ordinary individuals with the correct knowledge can profit today from rare sneakers like those in this article about a five figure month with real examples.
Among many markets like StockX, GOAT and Grailed, eBay remains as one of the best options if you want to sell your shoes fast so you can make money to reinvest and accelerate the process of your business.
Limited release shoes have an aftermarket in the hundreds of millions of dollars, and anyone can make an account with eBay and start selling today.
However, you can̵7;t simply launch an eBay account and expect buyers to flock to your store. There are certain steps that you must follow.
Beyond the obvious of creating accurate descriptions with plenty of clear photos from all angles showing the condition of your shoes, you need to have speed in mind so you can have an edge in business and fulfill your dream of selling sneakers full time for a living.
Here are 3 necessary steps of how to make top dollar on eBay by moving shoes quickly.
As an eBay seller, you are one of many different options that buyers can choose from. Why would they choose you?
Most eBay buyers are savvy and will look at reputation.
On the top right near the item in mind that the buyer wants to purchase, the buyer will be able to see the seller reputation, which shows up next to your username, along with a percentage, like this:
The number represents the amount of times he has received a review, either positive or negative, and this seller has 100% feedback which means no one out of that 245 has complained about his service.
When you have reputation built up, buyers will trust you and will be more likely to buy quickly from you against sellers with poor or 0% feedback, and eBay will actually rank you better against competitors as your reputation, represented by the star next to your username, grows.
You can see that you have the option to save this seller and do further business. When buyers have a good experience with you and save you as a seller, you will open yourself up to repeat business for further sneaker releases which will also speed up the process of making money on eBay.
This is more of an expert piece of advice which the Hypemaster Playbook dives into the specifics of executing properly, but knowing that you can incorporate preorders in your business model is critical if you want to sell your shoes fast.
eBay stands out against other platforms because it allows you to create preorders for buyers to pay you early, sometimes even before you have the shoes in hand.
Having a stellar seller reputation is step one before you can sell preorders, and you need to ensure that you will have the shoes in hand.
Even if you do refund buyers when you’re not able to acquire their preorder as promised, they won’t be happy and you will open yourself up to negative feedback which is the last thing you want as an eBay seller.
The free range in prices of the sneaker aftermarket is both a blessing and a curse, which leaves many new and even some experienced sellers stuck at what dollar amount to list their shoes for sale.
One general rule of thumb though is to go by the saying that “the fast nickel is better than the slow dime”, so selling your shoes for less money in a few hours is better than selling them for more money and waiting a week, given that you want to make the most money by reinvesting your profits which is recommended.
That said though, you can’t underprice your shoes just to sell them quickly; if a pair of Yeezy’s is selling in the range of $500-$600, even if you got them for retail at $220, don’t sell them at $400 just because you will still make money at that price.
You’ll ruin the resale market for everyone. A lot of new resellers make this mistake. Don’t do it!!
Over the course of time as you gain experience and watch the markets, you’ll get a good understanding of the perfect price each time to sell your shoes quickly.
Although these are all good starting points for those new to the shoe resale game, we have simply scratched the surface.