On the facet from his day job, Beau Hunter is knowledgeable shoe flipper.

His flipping facet hustle has helped his household erase over $100k in debt!

On this episode, Beau explains why sneakers are a wonderful alternative for rookies and the way you

can discover sneakers to flip for as much as a 10x return.

In case you’re on the lookout for an additional $500-1000 a month in revenue, I’m assured you may exit and discover it footwear with the assistance of Beau’s insights.

Tune in to The Facet Hustle Present interview to listen to:

  • why Beau narrowed in on flipping sneakers
  • the place he sources stock and the way he costs his sneakers
  • how Beau cleans, preps, and lists his sneakers on the market

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Why Sneakers?

“In case you’d requested me 5 years in the past I’d have instructed you, ‘Sneakers? What are you speaking about? I don’t even like sneakers,’” Beau instructed me.

Beau defined that he had been flipping objects for some time however the thought of flipping sneakers by no means crossed his thoughts.

A part of the explanation for this was that Beau didn’t have an curiosity in vogue or know a lot about sneakers.

However it grew to become apparent that there have been a variety of sneakers on the market. Beau would typically see sneakers at thrift shops, storage gross sales, on-line marketplaces, and elsewhere whereas on the lookout for stuff to flip.

Finally, Beau determined to strive flipping some sneakers.

He was shocked by how a lot curiosity there was and the way simple it was to flip them, and this was the start of Beau narrowing his focus onto sneakers.

Beau defined that there are a variety of upsides to flipping sneakers over different objects, like:

  • No want to purchase spare components or repair them up
  • They ship simply and inexpensively
  • You don’t should spend a lot time studying about totally different sneakers
  • They don’t take up a variety of house at residence
  • They’re a low value level however have the potential for a excessive ROI

In case you’re at present flipping objects or are fascinated by getting began, Beau mentioned he’d suggest to anybody to attempt to flip some sneakers.

And we’re speaking about on a regular basis sneakers and costume sneakers, not essentially flipping limited edition or high-end sneakers.

flipping shoes for profit

The First Shoe Flip and Getting Began

Beau remembers the primary pair of sneakers he flipped nicely because it was a pair of his personal sneakers.

“In case you acquired sneakers in your home you don’t put on, promote ‘em,” Beau mentioned.

Even in case you don’t have spare sneakers your self, Beau defined that it’s not exhausting to search out mates or relations with spare sneakers.

This can be a nice method to get began. You’ll be able to apply taking photos, making listings on-line, and seeing what you may get for them.

Beau makes use of eBay to promote most of his sneakers. He mentioned that he is aware of of plenty of different marketplaces the place he may cross-post his listings, however he’s busy along with his day job and has restricted time.

Beau works as much as 70-80 hours every week as a band director for a highschool in Texas. Flipping may be very a lot a facet hustle and one thing he does as and when he has spare time.

Sourcing Extra Stock and Standards

A few of the locations Beau mentioned you’ll discover sneakers are:

  • Thrift shops
  • Storage gross sales
  • Flea markets
  • Property gross sales
  • Church gross sales
  • On-line marketplaces

Beau mentioned that on-line marketplaces are the best method to discover sneakers, however they’re often the most costly.

He additionally mentioned that males’s sneakers are in shorter provide however flip for extra because it’s a much less aggressive market.

As for standards, when Beau sees a pair of sneakers the principle issues he appears at are:

  • Model – That is crucial factor to think about when shopping for sneakers. Folks have a tendency to look by model, so that you’ll have to know what manufacturers of sneakers are promoting nicely.
  • Situation – The situation of the sneakers goes to have a big effect on the value. It’s regular to have to scrub sneakers up earlier than flipping, however you don’t wish to attempt to restore them.
  • Potential revenue – “I don’t wish to make lower than $25 revenue on a pair of sneakers,” Beau instructed me. Everybody can have their very own margin they’re comfy with, however as Beau is brief on time he goals for $25 per pair at least, and sometimes finds sneakers he can promote for as much as 10x.
  • Dimension – Beau mentioned he gained’t purchase something beneath a dimension 8 in males’s and a 6 and a half in girls’s. It doesn’t matter how giant males’s sneakers are, however something above 8 and a half in girls’s sneakers are exhausting to promote.

As soon as you already know what you’re on the lookout for, Beau mentioned it’s actually not that tough to search out sneakers that you could flip for revenue.

“You’ll discover $25 revenue sneakers nearly each time you exit in case you go to a number of shops,” Beau instructed me.

Prime Performing Manufacturers and Pricing

Beau mentioned it’s “fairly hit or miss,” if you wish to attempt to deal with the top-performing shoe manufacturers.

Notice: Grab Beau’s list of brands to look for here.

There are literally thousands of shoe manufacturers and so many types, fashions, and years of make that it’s exhausting to pinpoint greatest sellers or highest revenue fashions of shoe.

Sturdy, well-known costume shoe manufacturers will promote for a better value, as will standard working shoe manufacturers.

Manufacturers like Purple Wing, Lucchese, and Cole Haan have been a number of Beau talked about that do nicely for him on the costume shoe facet.

For trainers, Adidas, Nike, Brooks, and Hoka all promote nicely so long as they’re in good situation.

When estimating a value, as a normal rule Beau mentioned used sneakers will flip for round 1 / 4 to half of their retail value relying on the situation.

Beau additionally takes a fast look on eBay to see how a lot a selected shoe is at present promoting for within the accomplished auctions.

In case you’re prepared to spend time trying, Beau mentioned there may be at all times a variety of potential to discover a excessive a number of flip on a superb model.

An instance Beau shared is that he would possibly discover a pair of Lucchese boots for $10-15 that he’s capable of promote for as a lot as $350 on the excessive finish.

On the identical time, he additionally sees Lucchese boots that he is aware of will solely promote for $80 tops, so he often passes on these.

In the case of figuring out the precise mannequin of a shoe, each model is totally different.

Cole Haan, for instance, has a mannequin quantity on the within of the shoe you should use to lookup the identify of the shoe on Google.

Some sneakers are tougher to establish so that you’ll should do some investigating to search out out what the mannequin is.

Purple Flags

There are specific sorts of injury or put on and tear that can cease Beau from shopping for a pair of sneakers.

For trainers, any seen injury the place the heel slips in or the only of the shoe will make Beau cross on it.

If somebody is shopping for trainers they’re going to need them to be in adequate situation that they’ll use them for working and be comfy.

Excessive-end leather-based costume sneakers are at all times going to look “gnarly,” Beau mentioned, however this doesn’t put him off.

Beau runs his finger alongside the only of costume sneakers to test for mushy spots, makes positive the stitching is in good order throughout the shoe and checks the heel.

A bit of damage and tear on a used shoe is predicted and that doesn’t put Beau off. So long as the shoe is in good situation and isn’t going to crumble, if the margin is there, he’ll purchase it.

The Significance of Making Connections

Making connections with managers and employees at thrift shops and different locations that promote used sneakers has been enormous for Beau.

Beau explains to buy employees what he’s doing when purchasing at thrift shops and asks if they’ll tip him off when new inventory is available in.

There have been plenty of events when retailer managers have instructed him they’ve extra containers of sneakers out the again and given him the primary look.

Prepping Sneakers for Sale

Beau has handled a variety of totally different supplies and sorts of sneakers, so he’s constructed up a group of cleansing merchandise.

You’ll need some specialized products to clean up shoes on the market, nevertheless it’s actually low cost and simple to do, Beau defined.

For significantly smelly sneakers like working sneakers, Beau may also run them by means of the machine and use a deodorizer.

There are specific stains and odors Beau has realized from expertise that it’s simply not well worth the effort and time to scrub up.

For instance, cat hair or urine are robust ones, as is the scent of smoke. Until there’s a enormous margin on the sneakers Beau steers nicely away from these.

The essential factor to recollect is that “they don’t have to look model new,” Beau instructed me.

Product Photographs

Good product pictures are essential when promoting sneakers on-line.

Beau purchased some white photo paper for his background, makes use of three lights, and says his product pictures are pretty much as good as anybody’s.

Beau added that having high-quality pictures is without doubt one of the explanation why he is ready to checklist his sneakers on the greater finish of their value vary.

Itemizing Greatest Practices

A few of the itemizing greatest practices Beau shared are:

  • Descriptive titles – Beau defined that eBay’s algorithm likes it whenever you deplete all of the letter house within the title. Embody the model, dimension, and different essential info within the title.
  • Good descriptions – It’s best to checklist as a lot details about the shoe as doable. In addition to the model, fashion, and mannequin, make detailed notes on the situation of the sneakers.
  • Fill out meta information – eBay asks for lots of meta information. Issues like the scale in different nations, the fabric of the shoe and so forth. Be sure to fill out as a lot as doable.
  • Record as “Purchase it now” – This allows consumers to buy the shoe with out ready for an public sale to finish.
  • Purchaser pays delivery – Delivery charges can fluctuate loads primarily based on how far-off your purchaser is. It’s simpler to simply checklist your sneakers as the client pays delivery whenever you’re beginning out. You’ll be able to change to free delivery at a later date when you may have a greater thought of how a lot to bake into the value of the sneakers.
  • Settle for returns – Beau mentioned he thinks it’s proper to simply accept returns on sneakers. A purchaser can’t strive them on earlier than they purchase as they’d within the retailer, so it’s solely honest. That is the place taking high-quality photos helps. In case you’re catching each flaw and mark on the sneakers, the client is aware of what to anticipate once they open them.

Errors and Surprises in Flipping Sneakers

“In case you get a Nike from Marshalls and checklist it as model new, that’s an issue,” Beau mentioned.

Whenever you purchase Nike’s from Marshall’s, they don’t are available in a field and you may’t promote them as model new.

Beau mentioned that Nike has been recognized to purchase their sneakers being offered as “new” that break any guidelines and report sellers.

It’s not simply Nike that does this, however Nike is the worst offender, Beau mentioned. That was one lesson Beau realized alongside the way in which.

One other is that utilizing sure phrases which can be copyrighted can get you in bother.

eBay has a Verified Rights Owner (VeRO) policy that protects corporations from sellers infringing on their copyright, trademark, or different mental property rights.

You’ll be able to’t even use the phrase “Velcro” as that’s a model identify. As a substitute, you’ll have to say “hook and loop” or one thing related.

Beau mentioned a few of these corporations are fairly aggressive about discovering sellers utilizing their copyrighted phrases so it’s greatest to brush up on what you may or can’t use.

It’s also possible to run into points delivery sure supplies over state strains. For instance, Beau has picked up boots made out of sea turtle leather-based which isn’t allowed in some states.

Instruments and Tech

The instruments Beau makes use of to run his enterprise are:

  • Spreadsheets – That is how Beau tracks his stock, sale proceeds, and many others.
  • Air-conditioned storage unit – Beau has an air-conditioned storage unit with the capability to carry round 400 pairs of sneakers. He makes use of this to retailer sneakers as a result of humidity can degrade sure supplies over time.

What’s Subsequent?

Beau has a 3-month outdated so he’s been busy at residence the previous few months. However he’s eager to get again into hustling and flipping sneakers, exercising, and touring.

Beau mentioned he additionally needs to, “construct an inexpensive course, one thing that’s inexpensive for individuals.”

He needs to stroll individuals by means of all of the small nuances of flipping sneakers and intends to start out engaged on that quickly.

Beau’s #1 Tip for Facet Hustle Nation

In case your coronary heart guides you to one thing, simply strive it.”

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