Inside Sneaker Con: 500% Markups and Millions in Profit | WSJ

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  • čas přidán 16. 04. 2019
  • Sneaker Con co-founder Yu-Ming Wu and Hayden Sharitt, a 21-year-old resale business owner, take us inside the industry where some sellers make millions of dollars on pre-owned shoes, as they attend a sneaker trading show in Cleveland. Photo/Illustration: Tyler Clark/Drew Evans
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Komentáře • 690

  • @kmcw8507
    @kmcw8507 Před 5 lety +676

    That one kid with his dad, who's like," I don't need a job to make money. "Will definitely never profit from this.

    • @RefundIansBirth
      @RefundIansBirth Před 5 lety +7

      K Mcw that kid had AirPods

    • @kaba_me
      @kaba_me Před 5 lety +25

      He meant a 9-5 job obviously, but you are right...He will never profit from this, because nobody will.
      This is a high budget con.

    • @crinosis2302
      @crinosis2302 Před 5 lety +34

      I'm sure his family brag about the kid making a few bucks already, so they are feeding his ego which will grow out of control one day and "Will definitely never profit from this."

    • @kaba_me
      @kaba_me Před 5 lety +12

      ​@@crinosis2302 There is no profit to be made from this. They are just like the "winners" in a 3 card monte scam. They are just acting like they are making money

    • @oscarortiz4154
      @oscarortiz4154 Před 5 lety +3

      He’s young. He’ll learn.

  • @hhdeng
    @hhdeng Před 5 lety +457

    i been buying sneakers since 90s.. my philosophy is if i can't get it retail i move on..

    • @lucindagray8882
      @lucindagray8882 Před 5 lety +24

      Henley Deng , exactly!!! I have a plug overseas that some of these resellers be using!!! Cut the middle man & go straight to the source!!

    • @BlueDragongaa
      @BlueDragongaa Před 5 lety +5

      Lucinda Gray Where can you find plugs ??

    • @noskpain2792
      @noskpain2792 Před 5 lety +38

      @@BlueDragongaa The rep guy in China

    • @TAnon-yi4fb
      @TAnon-yi4fb Před 5 lety

      straight facts! 💯

    • @Sorry_ImTruthful
      @Sorry_ImTruthful Před 5 lety +14

      Lucinda Gray so true. And you can buy them in “bulks” just like the guy in the video. Then buy a recipe machine and a good label printer and those replicas just became authentic.

  • @RadRidesByCru
    @RadRidesByCru Před 5 lety +599

    Sneaker CON ...really takes on a new meaning.

    • @donsg6010
      @donsg6010 Před 5 lety +27

      RAD that’s what I read it as first, didn’t know it was a convention

    • @RadRidesByCru
      @RadRidesByCru Před 5 lety +12

      Too funny. Sometimes fresh perspectives see things for what they really are.

    • @campkira
      @campkira Před 5 lety +1

      It full of fake...

    • @CommandoMaster
      @CommandoMaster Před 5 lety +11

      Any brand name item that is overpriced will have cheap Chinese knockoffs (eg. Yeezy, Rolex, Beats, etc.)

    • @dsalpha18
      @dsalpha18 Před 5 lety +1

      If you get ripped off with fakes, you got a bigger meaning.

  • @16soccerball
    @16soccerball Před 5 lety +249

    Guy: ive been making money for a long time.
    StockX: allow us to introduce ourselves

  • @danielcristea4564
    @danielcristea4564 Před 5 lety +1055

    IRS boutta come after this kid

    • @WhatAxe59
      @WhatAxe59 Před 5 lety +33

      Daniel Cristea there’s no tax but when buying for retail.

    • @Glock_Nico
      @Glock_Nico Před 5 lety +85

      @@WhatAxe59 There's this little thing called Federal income tax.
      And BTW, if selling to the end user, state and local sales tax should be collected and remitted.

    • @campkira
      @campkira Před 5 lety +25

      There a tax examination but if he had so much profit and do it full time he need to do tax for it..

    • @BradSzalach
      @BradSzalach Před 5 lety +6

      we be paying our taxes were good

    • @crinosis2302
      @crinosis2302 Před 5 lety +33

      He is not black they won't bother.

  • @ddvmian
    @ddvmian Před 5 lety +124

    3:57 toxic

  • @PlayMyMusicPlaylist
    @PlayMyMusicPlaylist Před 5 lety +498

    This guy probably doesn't know he has to pay tax

    • @CHARLESHARDIN96
      @CHARLESHARDIN96 Před 5 lety +11

      AKEWSD Oh I’m sure he knows.

    • @kaba_me
      @kaba_me Před 5 lety +28

      It's just a con... but obviously convincing to the naive.
      It is like the "single mother makes $200,000 working from home" promotions, but on a higher budget.

    • @jasondads9509
      @jasondads9509 Před 5 lety +42

      he's taking lots of cash, making it eaiser to hide his true income

    • @kaba_me
      @kaba_me Před 5 lety +2

      ​@@jasondads9509
      He's fake...Just like the "winners" in a 3 card monte scam.

    • @damnson9170
      @damnson9170 Před 5 lety +8

      @@kaba_me Gj calling him a "Fake" while he still earns a lot. Keep commenting the "Just like the "winners" in a 3 card monte scam." everyone boy.

  • @MattSezer
    @MattSezer Před 5 lety +55

    He didn't make $4K-$6K in one day. It probably took him a lot of time to acquire all of the shoes that he sold. How many emails, calls, and in person meetups does getting $20,000+ of merchandise take?

    • @PoopscoopGG
      @PoopscoopGG Před 4 lety

      He probably make like 2k

    • @macberry4048
      @macberry4048 Před 4 lety

      That's the advantage of a having a business. Either you work just enough to pay rent or you work long hours trying to get rich

    • @samsonsoturian6013
      @samsonsoturian6013 Před 3 lety

      He said he's on his phone constantly, so he probably spends 60 hours a week on his work, so it pays like a decent job.

    • @josue_dsgn8643
      @josue_dsgn8643 Před 2 lety

      Still better than a regular 9 to 5 if you break it down by hourly wage

    • @josue_dsgn8643
      @josue_dsgn8643 Před 2 lety

      @@romanorleans504 That's just an excuse , if you really want to be successful you will figure it out. People in my circle make 6 figures from sneaker investing.

  • @alecduncan9266
    @alecduncan9266 Před 5 lety +98

    whoever’s paying over 3k for the EU Off White 1s please buy mine

  • @driftingthroughthisplace5898

    This whole video is just a perfect example of how extreme blind consumerism is in the U.S.

    • @rachelrussell1005
      @rachelrussell1005 Před 4 lety +4

      This is world wide. Lol. It's not just a US thing.

    • @muhammadhaikalpermanaatmaj73
      @muhammadhaikalpermanaatmaj73 Před 3 lety

      Your whole comment is a perfect example about someone who never see any other part of this world except US

    • @driftingthroughthisplace5898
      @driftingthroughthisplace5898 Před 3 lety

      @@muhammadhaikalpermanaatmaj73 This entire video is of places in the US, with American people speaking to the camera, can you really blame me? Even if it's not in the U.S., that just makes it even worse. I thought blind consumerism to this extent is only apparent in the US, due to the high drive for goods in this country.

    • @dilshansingh-rathore8409
      @dilshansingh-rathore8409 Před 3 lety

      Just give it a rest, it's a piece of culture, it's like area and people want a piece of that culture

    • @samsonsoturian6013
      @samsonsoturian6013 Před 3 lety

      Nah. There's lots of rich chumps all over the world where 800 dollar collectable shoes are nothing. There's +18,000 millionaires in the US and 10% of American workers make over 150,000 a year.

  • @BasketballBeaner213
    @BasketballBeaner213 Před 5 lety +168

    Star is born ? Those hit the outlets how is he selling them above retail

    • @bwdrives
      @bwdrives Před 5 lety +8

      value appreciates and people pay more if they can buy them then and there

    • @tomassantana970
      @tomassantana970 Před 5 lety +12

      He probably has 💸 sz’s

    • @yungmel412
      @yungmel412 Před 5 lety +26

      Sizes my guy....different sizes go for different Money, so he probably had the money sizes

    • @Brooomstick
      @Brooomstick Před 5 lety +24

      All sizes bricked lol wym sizes

    • @kaba_me
      @kaba_me Před 5 lety +2

      I'm sorry to disappoint you, but you are all stupid.
      Just like the winners of of a 3 card monte scam... He is part of the con.

  • @iamkman
    @iamkman Před 5 lety +18

    WSJ , Thanks for doing this episode. Love it

  • @mycake1515
    @mycake1515 Před 5 lety +69

    He has a business and he's doing well for the time being while someone else is still working the 9 to 5 making ends meet. Lol ya'll hating too much on the hustle.

    • @gamehub429
      @gamehub429 Před 4 lety +18

      yeah but he says he tries to spend 12 hours on his phone each day id rather work 9-5 then spend 2/3 of my time looking at sneakers

    • @Roman-yg2bf
      @Roman-yg2bf Před 4 lety +2

      Bernie 2020

    • @NotAnotherKuromi
      @NotAnotherKuromi Před 4 lety +2

      @@gamehub429 He clearly has a passion for it though so he'd be researching himself even if he wasn't selling & he enjoys it. Working is much different if you enjoy your job, are knowledgeable & genuinely love what you are selling.
      My Dad & Gran used to have a antique furniture business, they both enjoyed going to salerooms & looking for pieces for themselves so they just expanded their hobby. They enjoyed traveling all over, making connections, finding bargains, restoring them & selling them to other people who appreciate quality pieces.
      They worked hard but in their days off they would still choose to work on fixing/creating something, going to a fair etc, they just loved antiques & managed to make it their job. Don't get me wrong they did other stuff too but apart from family (& films) antiques was the center of their life & it brought them joy.

  • @6lock6ra
    @6lock6ra Před 5 lety +45

    I’m glad how this video (unlike others) actually explains reselling and sneaker-head culture accurately.

  • @bwahahahaha9579
    @bwahahahaha9579 Před 5 lety +227

    they all cost about $5 from chinese factories, the markup from nike is already insane to begin with

    • @r3dp1ll
      @r3dp1ll Před 5 lety +38

      the power of marketing

    • @TigerTT
      @TigerTT Před 5 lety +11

      Thats why I only pay $60 max for sneakers and mine always last for a long while.

    • @daenytargaryen8929
      @daenytargaryen8929 Před 5 lety +23

      @James Chungus well its true..just like designer eyewears..which is 10 dollars to make

    • @isaac.a7039
      @isaac.a7039 Před 5 lety

      Dictator Sith Gayyy

    • @kntwing23
      @kntwing23 Před 5 lety +2

      @@dictatorsith1795
      broke boy..

  • @masonkufahl8407
    @masonkufahl8407 Před 5 lety +475

    With a a year making six figures......he should start by buying a new phone.....

    • @joshn2342323
      @joshn2342323 Před 5 lety +120

      He only buys assets that appreciate in value.

    • @ouroesa
      @ouroesa Před 5 lety +40

      I suspect he doesn't difference between turnover and profit and would assume he is referring to turnover.

    • @RylHango
      @RylHango Před 5 lety +8

      ouroesa idk, he earned 4-6000 in one day and if he only earns just half that when he’s not selling at the convention he’ll still hit six figures

    • @Mickeydicky
      @Mickeydicky Před 5 lety +5

      his phone is fine, not that old

    • @DdDd-zo2ll
      @DdDd-zo2ll Před 5 lety

      Right maybe 600 buks he made

  • @Glock_Nico
    @Glock_Nico Před 5 lety +41

    He said he made $6k in one day. I'm not knocking it, but that wasn't in one day.
    He had to have the capital to purchase inventory through his "connections", which I'm sure took a long time to build, store inventory, transport inventory to these events, pay a vendor fee, which could be a percent of sales, and account for his time, which he implies he spends much of building this business.
    That $6k was hard earned, which is not a bad thing, but it's not as easy as it looks.
    Also, pro-tip, when running a cash business, don't brag to anyone, especially on camera to the WSJ about how much you're making and expect to make. That's inviting trouble from shady characters and the IRS.

    • @Isaac2.
      @Isaac2. Před 5 lety +1

      He didn’t have a connect, he said paid retail for Yeezy 700 static’s maybe by using bots he was able to get multiple pairs. The only hard part is waiting for the right time to sell or waiting for the price of that particular sneaker to shoot up in value. But yeah ppl that do this have the capital to invest big to gain that 6K profit!

    • @Glock_Nico
      @Glock_Nico Před 5 lety +6

      @@Isaac2. At 3:18 he states that he's been fortunate enough to meet the right people to get Jordan's and Yeezys at the right price. Sounds like a "connection" to me.
      BUT, I'm not in this game and don't use bots, so you could be right. 😊

    • @NotAnotherKuromi
      @NotAnotherKuromi Před 4 lety

      Yeah I'm not sure why videos frame this as just being lucky rather than all the time & effort that actually goes into makingling a business like this sucsessful. People are going to watch & be jealous anyway, at least give them more insight into how much work it actually takes. You can say more than staring at a phone for 12 hours a day without giving away any tips, just like your comment.

  • @urielbautista43
    @urielbautista43 Před 5 lety +23

    I love how there are stupid people in this world and people that take advantage of that 💯 perfect example here

  • @n3wt
    @n3wt Před 5 lety +5

    really good indepth entertaining piece

  • @richgenix
    @richgenix Před 5 lety +21

    The prices are exaggerated, no way blue tints are 550$

    • @raphaelreswara6588
      @raphaelreswara6588 Před 5 lety

      RichyRich in sneakercon and other sneaker event some of the prices are more high than stockx or goat or your local sneaker store. that's how marketing work's

    • @etamlous
      @etamlous Před 5 lety

      that's why you see more suburban soccer moms than street smart kids from the hood at these sneaker cons.

    • @subsnovids-eq4yk
      @subsnovids-eq4yk Před 4 lety +1

      Now they are.

  • @TheGooglySmoog
    @TheGooglySmoog Před 5 lety +47

    Lots of finessing going on here.

  • @Elitenick0
    @Elitenick0 Před 5 lety +1

    Finally a vid a bout sneakers

  • @Threeanimalshow
    @Threeanimalshow Před 5 lety +38

    30,000 in a year? It sounds like a lot until you realize an assignment manager at Walmart makes more...

    • @calbarblast
      @calbarblast Před 5 lety +16

      ThreeAnimalShow he’s a teenager and it was his first year

    • @denirowaller3995
      @denirowaller3995 Před 5 lety +2

      He said his first year

    • @jdizzy2012
      @jdizzy2012 Před 4 lety +2

      Running your own business will get him into a good college, jokes on you

    • @mrmadness3561
      @mrmadness3561 Před 4 lety +2

      plus it’s not a full time job dude , he could work walmarts too like u mentioned so he got double payment

    • @samsonsoturian6013
      @samsonsoturian6013 Před 3 lety

      You need experience to get that job.

  • @felixgijon8621
    @felixgijon8621 Před 5 lety +7

    The world of collectibles is crazy!

  • @brandonspiegel2293
    @brandonspiegel2293 Před 5 lety

    interesting, thanks for the perspective!

  • @harkiratsingh1205
    @harkiratsingh1205 Před 5 lety +130

    Too many salty people in these comments hating on this guys’s hustle.

    • @hiiguys4773
      @hiiguys4773 Před 5 lety +5

      @@MrYoyoman12345 i don't get how hes scamming people explain more

    • @perryzion333
      @perryzion333 Před 5 lety

      @@hiiguys4773 I probably only get Walmart shoes that why he saying they scamming

    • @jsthebomb9627
      @jsthebomb9627 Před 5 lety +20

      Wiggywonka That’s not a scam tho. It may be a rip off but at the and of the day people choose to pay resell prices.

    • @METALKILLSemosNpunks
      @METALKILLSemosNpunks Před 5 lety +6

      @@MrYoyoman12345 that's not scamming if people are willing to pay for it.

    • @SilentzxMiku
      @SilentzxMiku Před 5 lety +14

      @@MrYoyoman12345 supply and demand. if so, why bother $10 for mac donalds when you can make your own bun from yeast and hunt for a cow in order to make the patty. By your logic, mac donalds is a scam too right?

  • @alexguzman8205
    @alexguzman8205 Před 5 lety +2

    Rules of Acquisition Number 12. "Anything worth selling is worth selling twice." Number 13. "Anything worth doing is worth doing for money." and Number 22. " Wise men can hear profit in the wind."

  • @tofuyam7361
    @tofuyam7361 Před 4 lety +2

    i been wearing the same 30$ kenneth cole sneakers for 15 years now lol

  • @NS-xt5wv
    @NS-xt5wv Před 4 lety +1

    I’m a vintage luxury dealer, and the business model is VERY similar, the only difference, our items are waaaay harder to find because they either never were mass produced or just a few survived until these days.

    • @erabhikdasgupta
      @erabhikdasgupta Před rokem

      Not all sneakers have high resale value. Most are not something people will collect. They are mostly limited edition drops that people are interested in.

  • @snozy4936
    @snozy4936 Před 5 lety +14

    Sneakers taught me about the stock market much respect

  • @GodSpeed1105
    @GodSpeed1105 Před 5 lety +12

    Goals! But the hardest part is finding your plugs :(

  • @Heatherreseller
    @Heatherreseller Před 4 lety

    Very cool

  • @velious2121
    @velious2121 Před 4 lety +4

    Meanwhile, 99% of other resellers are scanning the clearance wall at the Nike outlet just hoping to find ONE decent shoe they can make $20 on after expenses. 🤦🏻‍♂️🤦🏻‍♂️

  • @walid7885
    @walid7885 Před 5 lety +1

    This will propel America far ahead than any other country. This is a real innovation. Forget about G or quantum computing. The sneaker's reselling is the way to go to solve poverty, pollution, inequality and everything else that might come in the future. USA, USA, USA, USA...

  • @bambam6149
    @bambam6149 Před 5 lety

    Gotta get the bag

  • @joeyrollright147
    @joeyrollright147 Před 4 lety

    I wish Sneaker Con would come to Boise Idaho 😔

  • @andrearojas294
    @andrearojas294 Před 5 lety +32

    “Say you can’t pay rent, you have a shoe, you might have to sell that shoe to pay rent” that is one of dumbest things I have ever heard. That’s the problem in today’s society.

    • @robertreyes2402
      @robertreyes2402 Před 4 lety

      Andrea Rojas wym

    • @KingJerbear
      @KingJerbear Před 4 lety +2

      @uy97 He's saying why on Earth would you buy any pair of sneakers if you don't already have the money to be able to pay rent

    • @herra16
      @herra16 Před rokem

      See thats the thing about all these fastball hitters they dont understand the art of the strikeout

  • @lilmayo2609
    @lilmayo2609 Před 5 lety +9

    All the people they interview (not just in this video but in general sneaker videos Blake Linder, Ben kickz, this guy, etc.) are always like already rich white kids who’s parents start them off with crazy funds to buy these shoes, they’re not self made teens, talk to the real ones

    • @toni0920
      @toni0920 Před 5 lety +1

      Lil Mayo my thoughts exactly. I could do it too if I was fortunate to have a rich dad to loan me $100k to stock up on rare shoes. I know he didn’t get buy all those shoes working at Starbucks!!!

  • @oscart698
    @oscart698 Před 5 lety

    How do I find about local Sneaker con in my area ?

  • @lucwideyes
    @lucwideyes Před 5 lety

    Hey guys I have a question. So I bought the off-white Chicago’s a while back but they feel so weird on feet because of the loose flaps. Anyone has tips for that and how to solve the annoying part?

    • @ogdeving
      @ogdeving Před 5 lety

      LucWideyes cut them off

  • @angelcisneros4874
    @angelcisneros4874 Před 4 lety

    I want to start my own collection to so i could start selling where do you buy them for that price? Or how can i get started?

    • @robertreyes2402
      @robertreyes2402 Před 4 lety

      Don’t even try to get into reselling unless you have bots or an inside plug other than that your never gonna get any shoes on drop

  • @Threeanimalshow
    @Threeanimalshow Před 5 lety +5

    1:52 that's jits dad did not look happy lll

  • @Deezmok
    @Deezmok Před 5 lety

    I love wsj

  • @trendthis364
    @trendthis364 Před 5 lety +26

    Only the 1% with bots and industry connects can get into the action.

    • @homersimpson9784
      @homersimpson9784 Před 5 lety +4

      Thats not true, I dont have a bot and I made 1 thousand dollars this week its all about understanding the market and selling at the right time

    • @lewisc556
      @lewisc556 Před 5 lety +1

      @@homersimpson9784 what did u resell this week??

    • @yubapofan
      @yubapofan Před 5 lety

      False

  • @m4tt165
    @m4tt165 Před 5 lety

    1:50 billy comin up off his pop’s money

  • @gothands450
    @gothands450 Před 4 lety +2

    This type of people are the one that are going to kill the love for shoes , they legit have no soul

  • @16soccerball
    @16soccerball Před 4 lety +1

    As someone who’s been to sneaker con. ALL of these sellers have the same sneakers for the same price. No one is under the other. And another thing is like I pointed out. It’s all the same stuff and every table. No one has something unique like retro air maxes or vintage adidas. It’s all just Jordan 1s and yeezys.

  • @truth5965
    @truth5965 Před 5 lety

    using screen time to use the screen more 👌🏻

  • @michaelquintero2315
    @michaelquintero2315 Před 4 lety +20

    These noobs: paying 500$ for sneakers that they keep as an investment, and collect
    Me an intellectual: buying sneakers on clearance so I can run in them with no stress

    • @jaire4061
      @jaire4061 Před 4 lety

      Michael Quintero I mean unless you can pull it off, goods looks

  • @shoejunkie1985
    @shoejunkie1985 Před 5 lety +1

    Wish the Sneaker Con App was on Android

  • @customerservice9676
    @customerservice9676 Před 4 lety

    How do the sellers not get conned selling online with like fake credit cards and stuff? Also, how do they know what sizes to buy when new ones come out?

  • @samsonsoturian6013
    @samsonsoturian6013 Před 3 lety +1

    He should become a hedge fund analyst...

  • @luckyhappy9928
    @luckyhappy9928 Před 5 lety

    where is place

  • @makaylasimon9498
    @makaylasimon9498 Před 5 lety

    Posted on my birthday

  • @No-nq1lo
    @No-nq1lo Před 5 lety +25

    Is a bubble still a bubble if those perpetuating it are not only stupid enough but also financially capable enough to keep it inflated?

    • @Glock_Nico
      @Glock_Nico Před 5 lety +2

      I think so, because in a matter of time a new shiny obsession will take over and the shoe bubble will burst.

    • @Glock_Nico
      @Glock_Nico Před 5 lety +1

      Same thing is happening to stainless steel Rolex watches right now ... $10k retail, $20k+ gray market.
      Constant rrumors that authorized Rolex dealers are supplying the gray dealers, the same as these sneaker resellers.

    • @paulocuento9949
      @paulocuento9949 Před 5 lety

      @@Glock_Nico you mean they give out these "third party" resellers so they act like salesmen without tax right?? what are other reasons for doing so mate? im interested with that kind of strategy

  • @nobody.123
    @nobody.123 Před 4 lety +2

    With the rapid increase of sellers, who buy to sell, has seen a rapid increase in demand, and subsequently, prices. I don’t think that’s sustainable, and we may be in the mists of a massive sneaker bubble.

  • @trendthis364
    @trendthis364 Před 5 lety +27

    Also how do you screen for fakes? Someone can pull up with fakes and undersell.

    • @cheesemastergaminglive3292
      @cheesemastergaminglive3292 Před 5 lety +56

      If you can't tell it's fake then its real

    • @trendthis364
      @trendthis364 Před 5 lety +5

      @@cheesemastergaminglive3292 lol

    • @joshuaalexander3510
      @joshuaalexander3510 Před 5 lety +2

      You can get your shoes legit checked at sneaker con

    • @kurtwagner350
      @kurtwagner350 Před 5 lety

      Most people will understand that if something is to good to be true it probably is

    • @spearmintlatios9047
      @spearmintlatios9047 Před 5 lety +1

      If youre avid about them its pretty easy to tell. Stockx is a major platform to sell on that will check for fakes

  • @sneakervinyl
    @sneakervinyl Před 4 lety

    DOPE!

  • @jman6214
    @jman6214 Před 4 lety +2

    I can't understand for the life of me when you can look up any shoe online in a matter of seconds why anyone would overpay for a shoe. And if it is only available at an insane price, I would pass since there is likely something newer and even better available for a lower price.

  • @imnotsurewhy
    @imnotsurewhy Před 5 lety +30

    Sneaker Con Artists.

  • @georgekay9377
    @georgekay9377 Před 5 lety +4

    About 2 years late wallstreet

  • @Glock_Nico
    @Glock_Nico Před 5 lety +11

    Although not my thing, I can appreciate individuals hunting for a cool pair of sneakers, even paying over retail, and then actually wearing them.
    I don't understand collecting them ... like all bubbles, this one will burst too.

    • @isaac.a7039
      @isaac.a7039 Před 5 lety +5

      Sneakers will never die, cause people will always wear them

    • @AnchorShip
      @AnchorShip Před 5 lety

      You can still collect while wearing your pairs

    • @javien6476
      @javien6476 Před 5 lety

      It’s been almost 30 years lol

    • @jen_nice2059
      @jen_nice2059 Před 4 lety

      Nico Glock it will. Once Nike steps in to rein them in, the Bubble will burst

  • @miguelhector376341
    @miguelhector376341 Před 5 lety +6

    For someone that is expected to make 6figures can pay for a new screen lol

  • @1stGruhn
    @1stGruhn Před 5 lety +94

    nothin but tulip bulbs

    • @MrAceekidd
      @MrAceekidd Před 5 lety +6

      Wrong, these sneakers r worth so much, because they r limited in production, not restocked or limited edition as well as collaboration with other companies. These sneakers r very well known within the sneaker market, and therefore some of the sneakers r collectors items and skyrocket after launch.
      They even have reselling market companies like StockX and Goat, that makes millions per year.

    • @1stGruhn
      @1stGruhn Před 5 lety +13

      @@MrAceekidd When you have so many people buying for the purpose of reselling: that's when you know you have a bubble.

    • @MrAceekidd
      @MrAceekidd Před 5 lety +2

      @@1stGruhn the bubble of over priced sneaker might release, but not the reselling sneaker business. That's been going on since the start of sneakers.

    • @1stGruhn
      @1stGruhn Před 5 lety +1

      @@MrAceekidd and people still buy tulip bulbs. My first statement was merely calling the price those shoes are fetching a bubble as I was intending on referencing the tulip bulb craze of the 1630s: it's the classic price buble and subsequent crash which nearly all other buble/crash cycles are compared.... hardly original on my part but I think the comparison here is applicable.

    • @MrAceekidd
      @MrAceekidd Před 5 lety +2

      @@1stGruhn not really, as it isn't a bubble. The highly priced sneakers r mostly limited editions, or friend n family pairs. They might decline in price but not burst, as there is no bubble. These sneakers r iconic.

  • @JordanGabrielClassof
    @JordanGabrielClassof Před 5 lety

    They guy in the red sweater at 3:05 is CashK he has a CZcams channel.

  • @isaac.a7039
    @isaac.a7039 Před 5 lety +14

    Just sold some USED SW air max 1/97, bought them for 160$, sold them for 750$

    • @InMyGlamEra
      @InMyGlamEra Před 5 lety

      You could've sold yours for 1k

    • @isaac.a7039
      @isaac.a7039 Před 5 lety +4

      Coochie Monster Naw, they wouldn’t sell for 1,000$ because you can get them for 1k brand new,

    • @InMyGlamEra
      @InMyGlamEra Před 5 lety

      @@isaac.a7039 o I thought they were new.I didn't read it correctly my bad

    • @marcus23fraser
      @marcus23fraser Před 5 lety +1

      But the part that people don’t understand how hard it is to actually get a pair

    • @user-hc9qv9yb9m
      @user-hc9qv9yb9m Před 4 lety

      @@marcus23fraser So what? There are other sneakers

  • @gice2290
    @gice2290 Před 5 lety +5

    If Rocky sold sneakers

  • @jamarparker1
    @jamarparker1 Před 5 lety +10

    Sneaker game has been good to me I made a quarter million from 2015-2019

  • @lilpro6046
    @lilpro6046 Před 4 lety +4

    Just buy in the original Nike store ..It is none sense to purchase one of that there for triple the original price

    • @FreXLZ
      @FreXLZ Před 4 lety +1

      Lil Pro bruh they sell out in like 1 minute, that’s why they’re so expensive: very limited amounts for lots of people wanting them. Big demand, small supply

    • @lilpro6046
      @lilpro6046 Před 4 lety +1

      @@FreXLZ very non sense bro honestly the quality of those products is not worth even 5 percent you've paid

  • @grgsimon06
    @grgsimon06 Před 4 lety

    2:46 i see my country’s flag , i hit the like button 🇳🇵

  • @Queenofsole100
    @Queenofsole100 Před 5 lety +2

    #SneakerheadLife 👟👟👟💯

  • @curtiscarpenter9881
    @curtiscarpenter9881 Před 3 lety +1

    I bought a pair of Nike shoes only £40 but their superb and their mine.

  • @yungx705
    @yungx705 Před 5 lety +1

    Can someone explain me this?

  • @willieberdecia4227
    @willieberdecia4227 Před 5 lety

    Good

  • @EddyGraphic
    @EddyGraphic Před 4 lety +3

    For me it is retail or nothing 🙅🏻‍♂️ I’d rather get a 1:1 replica than paying those ridiculous prices for a retail pair.

  • @crashweaverda
    @crashweaverda Před 5 lety

    When they made nike in Korea. I would buy air Jordan's for 5$ a pair at the nike store when they were 110$ in the U.S. Were getting screwed.

  • @spootnik00
    @spootnik00 Před 3 lety +1

    1:50 Wrong kid... Your job is selling sneakers

  • @liberty-iq4fz
    @liberty-iq4fz Před 5 lety +1

    anyone have any tips for me to start a resale business??? please i need help

    • @choojunwyng8028
      @choojunwyng8028 Před 5 lety

      If you wanna get to the level of these guys right now you have to be rich to begin with, because you need volume to accomplish what these guys are doing.

    • @GermanSerna
      @GermanSerna Před 5 lety +3

      You're better off finding your own niche, this sneaker thing has been going on for years.

  • @YashasRedd
    @YashasRedd Před 5 lety

    What about ppl like with a UK 12

  • @warrenphilips8441
    @warrenphilips8441 Před 5 lety +30

    I protect the bottom of my feet with the souls of my enemies. Your argument is invalid.

  • @fan4life34
    @fan4life34 Před 5 lety +5

    It's all about Cleveland! America's "come back city"

  • @kjeezy2990
    @kjeezy2990 Před 4 lety +5

    This kids bout to get robbed 😂 by the government

  • @SneakerPhetish
    @SneakerPhetish Před 5 lety +8

    For the 700th time, It’s Nike Mag, not “Air Mag”. There’s no Air Technology in the Sneaker

  • @merwandz
    @merwandz Před 5 lety

    why is the price of resell higher than retail ?

  • @karohz1834
    @karohz1834 Před 5 lety

    if you want cheap, used sneakers use poshmark

  • @j6de
    @j6de Před 4 lety +4

    feet pic sellers punching the air rn

  • @mo11el
    @mo11el Před 5 lety +5

    Any fellow resellers and hype beasts ?

  • @mattk1631
    @mattk1631 Před 5 lety

    Once WSJ knows its over.

  • @rodU65
    @rodU65 Před 5 lety +1

    Bubble ready to explode. The sellers in the convention are re sellers and the assistants are re sellers too.... so when they end to the final users?

  • @sam.6839
    @sam.6839 Před 5 lety

    @cash k at 3:03

  • @jaydentanaka1552
    @jaydentanaka1552 Před 5 lety

    Lol cashk at 3:04

  • @airpods4
    @airpods4 Před 5 lety +2

    this guys knows business!

  • @Lineja1
    @Lineja1 Před 5 lety +29

    I don‘t see the difference to tulip bulbs

    • @ryansmithc
      @ryansmithc Před 5 lety +18

      People have feet. Feet need shoes. Shoes must be dope so men can fornicate.
      Circle of life.

    • @adifferentpolitics5129
      @adifferentpolitics5129 Před 5 lety

      Lineja1 shoes are not investments their art to some

  • @reeldeal2149
    @reeldeal2149 Před 5 lety

    I honesty know for a fact I can do what this guy does for a living but possibility of leaving with what I started with is the headache

    • @reeldeal2149
      @reeldeal2149 Před 5 lety

      fable I pray u find your gift and hidden talent have a blessed life

  • @elvarakiingason7155
    @elvarakiingason7155 Před 4 lety

    peep cashhk at 3:03

  • @komigee
    @komigee Před 5 lety +1

    IRS be at your pad in April.

  • @shaggylocs232
    @shaggylocs232 Před 5 lety +26

    Help people out? really take their money

    • @hiphopleaks2390
      @hiphopleaks2390 Před 5 lety +3

      Shaggy Locs it’s all business. supply and demand

    • @raphaelreswara6588
      @raphaelreswara6588 Před 5 lety +4

      its about business some people are bored with their sneaker so they ask reseller to sell his sneaker and split the profit.

    • @jasonsantos6430
      @jasonsantos6430 Před 5 lety +2

      I mean it's not truly helping, it's also not just taking money. It's just goods and services in exchange for money.
      I mean he wouldn't get the money if the people didn't want to give it in exchange for something.

    • @raphaelreswara6588
      @raphaelreswara6588 Před 5 lety

      @@jasonsantos6430 so what the purpose of consigment store they are actually helping people out trough third parties

    • @raphaelreswara6588
      @raphaelreswara6588 Před 5 lety

      @@jasonsantos6430 we talking about work and the hustle here in my experience all the consigment store never treated me like im a visitor at a five star hotel its not about service its about the hustle

  • @MrFenkins
    @MrFenkins Před 4 lety

    guess I'll be renting my shoes instead of buying soon

  • @dre.s52
    @dre.s52 Před 5 lety +1

    ima steal all them jordans and lebrons

  • @scottgarner9033
    @scottgarner9033 Před 5 lety +19

    Exploiting emotions is profitable.

    • @kurtwagner350
      @kurtwagner350 Před 5 lety

      I mean if by “emotions” you mean fashion trends and nostalgia then I guess

    • @SuperDreadnaut
      @SuperDreadnaut Před 5 lety +1

      Welcome to Marketing.