rainking
Supporter
- 8,053
- 17,380
- Joined
- Aug 12, 2016
Straight up idiocy indeed to pay full price to acquire crap for resale just to make only $10 to $20 per sale after all that overhead and fees.
StockX and GOAT are the ones making out. There are some smart resellers, but a lot of stupid ones too.
I've thought the same thing for a long time, but now I'm not so sure. After reading the original article on that Hebert kid, you can see it in a different light. Yeah, the people buying one or two pairs just to flip and make practically nothing are lame as hell. My question is, how many super resellers like Hebert are out there? People who make real livings at it? Because if you're selling 500-plus pairs per month, a $20 profit on each sale still makes sense from the reseller's standpoint. I'm not excusing it, but it makes sense from a business/cash-flow standpoint for the people who are doing that. You're talking $10K/month profit. It explains why these guys buy up almost anything and everything, for the right price. The part of that story that really opened my eyes was the bit about cleaning out outlets of shoes we'd typically say "no one wants." Turns out that's not the case.
Last edited: