The Real Deal: Reselling sneakers for big bucks
Reselling sneakers is now a $2 billion industry in the U.S., and it's expected to reach $30 billion globally in just a few years!
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May 9, 2022, 10:25 AM
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Updated 809 days ago
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2ds agoIf you thought sneakers were just for running or playing sports - think again!
As News 12's consumer reporter Janice Lieberman tells us in The Real Deal, it's all about getting the hot styles and then reselling them for big bucks.
Reselling sneakers is now a $2 billion industry in the U.S., and it's expected to reach $30 billion globally in just a few years! And if you're savvy, you could make thousands cashing in on this trend.
The idea is simple: Find hard-to-get shoes for a low price, then turn around and sell them higher.
Sneaker makers "drop" some of their hottest shoes at any given time, and getting to the head of the line isn't as easy as you'd think.
Some sneakers are so special - sellers say they may never part with them.
This is not a hobby for the faint hearted! The pressure is always on to buy early and find a seller. But it does teach you how to run a business.
