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

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The Wall Street Journal

The Wall Street Journal

5 жыл бұрын

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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Пікірлер: 689
@kmcw8507
@kmcw8507 5 жыл бұрын
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 5 жыл бұрын
K Mcw that kid had AirPods
@kaba_me
@kaba_me 5 жыл бұрын
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 5 жыл бұрын
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 5 жыл бұрын
​@@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 5 жыл бұрын
He’s young. He’ll learn.
@16soccerball
@16soccerball 5 жыл бұрын
Guy: ive been making money for a long time. StockX: allow us to introduce ourselves
@fredericktaylor367
@fredericktaylor367 4 жыл бұрын
@Variety Snkrs no but now people only want 2 pay payout
@hhdeng
@hhdeng 5 жыл бұрын
i been buying sneakers since 90s.. my philosophy is if i can't get it retail i move on..
@lucindagray8882
@lucindagray8882 5 жыл бұрын
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 5 жыл бұрын
Lucinda Gray Where can you find plugs ??
@noskpain2792
@noskpain2792 5 жыл бұрын
@@BlueDragongaa The rep guy in China
@TAnon-yi4fb
@TAnon-yi4fb 5 жыл бұрын
straight facts! 💯
@Sorry_ImTruthful
@Sorry_ImTruthful 5 жыл бұрын
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 5 жыл бұрын
Sneaker CON ...really takes on a new meaning.
@donsg6010
@donsg6010 5 жыл бұрын
RAD that’s what I read it as first, didn’t know it was a convention
@RadRidesByCru
@RadRidesByCru 5 жыл бұрын
Too funny. Sometimes fresh perspectives see things for what they really are.
@campkira
@campkira 5 жыл бұрын
It full of fake...
@CommandoMaster
@CommandoMaster 5 жыл бұрын
Any brand name item that is overpriced will have cheap Chinese knockoffs (eg. Yeezy, Rolex, Beats, etc.)
@dsalpha18
@dsalpha18 5 жыл бұрын
If you get ripped off with fakes, you got a bigger meaning.
@danielcristea4564
@danielcristea4564 5 жыл бұрын
IRS boutta come after this kid
@WhatAxe59
@WhatAxe59 5 жыл бұрын
Daniel Cristea there’s no tax but when buying for retail.
@Glock_Nico
@Glock_Nico 5 жыл бұрын
@@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 5 жыл бұрын
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 5 жыл бұрын
we be paying our taxes were good
@crinosis2302
@crinosis2302 5 жыл бұрын
He is not black they won't bother.
@ddvmian
@ddvmian 5 жыл бұрын
3:57 toxic
@user-gg2dy3tt5u
@user-gg2dy3tt5u 4 жыл бұрын
damian valle kinda
@THE.HARE.JORDAN
@THE.HARE.JORDAN 3 жыл бұрын
Fr
@PlayMyMusicPlaylist
@PlayMyMusicPlaylist 5 жыл бұрын
This guy probably doesn't know he has to pay tax
@CHARLESHARDIN96
@CHARLESHARDIN96 5 жыл бұрын
AKEWSD Oh I’m sure he knows.
@kaba_me
@kaba_me 5 жыл бұрын
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 5 жыл бұрын
he's taking lots of cash, making it eaiser to hide his true income
@kaba_me
@kaba_me 5 жыл бұрын
​@@jasondads9509 He's fake...Just like the "winners" in a 3 card monte scam.
@damnson9170
@damnson9170 5 жыл бұрын
@@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.
@driftingthroughthisplace5898
@driftingthroughthisplace5898 4 жыл бұрын
This whole video is just a perfect example of how extreme blind consumerism is in the U.S.
@rachelrussell1005
@rachelrussell1005 4 жыл бұрын
This is world wide. Lol. It's not just a US thing.
@muhammadhaikalpermanaatmaj73
@muhammadhaikalpermanaatmaj73 3 жыл бұрын
Your whole comment is a perfect example about someone who never see any other part of this world except US
@driftingthroughthisplace5898
@driftingthroughthisplace5898 3 жыл бұрын
@@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 3 жыл бұрын
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 3 жыл бұрын
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.
@alecduncan9266
@alecduncan9266 5 жыл бұрын
whoever’s paying over 3k for the EU Off White 1s please buy mine
@tomschke680
@tomschke680 3 жыл бұрын
No
@MattSezer
@MattSezer 5 жыл бұрын
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 4 жыл бұрын
He probably make like 2k
@macberry4048
@macberry4048 4 жыл бұрын
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 3 жыл бұрын
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 2 жыл бұрын
Still better than a regular 9 to 5 if you break it down by hourly wage
@josue_dsgn8643
@josue_dsgn8643 2 жыл бұрын
@@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.
@iamkman
@iamkman 5 жыл бұрын
WSJ , Thanks for doing this episode. Love it
@BasketballBeaner213
@BasketballBeaner213 5 жыл бұрын
Star is born ? Those hit the outlets how is he selling them above retail
@bwdrives
@bwdrives 5 жыл бұрын
value appreciates and people pay more if they can buy them then and there
@tomassantana970
@tomassantana970 5 жыл бұрын
He probably has 💸 sz’s
@yungmel412
@yungmel412 5 жыл бұрын
Sizes my guy....different sizes go for different Money, so he probably had the money sizes
@Brooomstick
@Brooomstick 5 жыл бұрын
All sizes bricked lol wym sizes
@kaba_me
@kaba_me 5 жыл бұрын
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.
@6lock6ra
@6lock6ra 5 жыл бұрын
I’m glad how this video (unlike others) actually explains reselling and sneaker-head culture accurately.
@mycake1515
@mycake1515 5 жыл бұрын
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 4 жыл бұрын
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 4 жыл бұрын
Bernie 2020
@NotAnotherKuromi
@NotAnotherKuromi 4 жыл бұрын
@@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.
@urielbautista43
@urielbautista43 5 жыл бұрын
I love how there are stupid people in this world and people that take advantage of that 💯 perfect example here
@masonkufahl8407
@masonkufahl8407 5 жыл бұрын
With a a year making six figures......he should start by buying a new phone.....
@joshn2342323
@joshn2342323 5 жыл бұрын
He only buys assets that appreciate in value.
@ouroesa
@ouroesa 5 жыл бұрын
I suspect he doesn't difference between turnover and profit and would assume he is referring to turnover.
@RylHango
@RylHango 5 жыл бұрын
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 5 жыл бұрын
his phone is fine, not that old
@DdDd-zo2ll
@DdDd-zo2ll 5 жыл бұрын
Right maybe 600 buks he made
@Glock_Nico
@Glock_Nico 5 жыл бұрын
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 $6k was hard earned, which is not a bad thing, but it's not as easy as it looks. Also, pro-tip, when running a cash business, don't brag to anyone, especially on camera to the WSJ about how much you're making and expect to make. That's inviting trouble from shady characters and the IRS.
@Isaac2.
@Isaac2. 5 жыл бұрын
He didn’t have a connect, he said paid retail for Yeezy 700 static’s maybe by using bots he was able to get multiple pairs. The only hard part is waiting for the right time to sell or waiting for the price of that particular sneaker to shoot up in value. But yeah ppl that do this have the capital to invest big to gain that 6K profit!
@Glock_Nico
@Glock_Nico 5 жыл бұрын
@@Isaac2. At 3:18 he states that he's been fortunate enough to meet the right people to get Jordan's and Yeezys at the right price. Sounds like a "connection" to me. BUT, I'm not in this game and don't use bots, so you could be right. 😊
@NotAnotherKuromi
@NotAnotherKuromi 4 жыл бұрын
Yeah I'm not sure why videos frame this as just being lucky rather than all the time & effort that actually goes into makingling a business like this sucsessful. People are going to watch & be jealous anyway, at least give them more insight into how much work it actually takes. You can say more than staring at a phone for 12 hours a day without giving away any tips, just like your comment.
@richgenix
@richgenix 5 жыл бұрын
The prices are exaggerated, no way blue tints are 550$
@raphaelreswara6588
@raphaelreswara6588 5 жыл бұрын
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 5 жыл бұрын
that's why you see more suburban soccer moms than street smart kids from the hood at these sneaker cons.
@subsnovids-eq4yk
@subsnovids-eq4yk 4 жыл бұрын
Now they are.
@TheGooglySmoog
@TheGooglySmoog 5 жыл бұрын
Lots of finessing going on here.
@alexguzman8205
@alexguzman8205 5 жыл бұрын
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 4 жыл бұрын
i been wearing the same 30$ kenneth cole sneakers for 15 years now lol
@lilmayo2609
@lilmayo2609 5 жыл бұрын
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 5 жыл бұрын
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!!!
@bwahahahaha9579
@bwahahahaha9579 5 жыл бұрын
they all cost about $5 from chinese factories, the markup from nike is already insane to begin with
@r3dp1ll
@r3dp1ll 5 жыл бұрын
the power of marketing
@TigerTT
@TigerTT 5 жыл бұрын
Thats why I only pay $60 max for sneakers and mine always last for a long while.
@daenytargaryen8929
@daenytargaryen8929 5 жыл бұрын
@James Chungus well its true..just like designer eyewears..which is 10 dollars to make
@isaac.a7039
@isaac.a7039 5 жыл бұрын
Dictator Sith Gayyy
@kntwing23
@kntwing23 5 жыл бұрын
@@dictatorsith1795 broke boy..
@velious2121
@velious2121 4 жыл бұрын
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. 🤦🏻‍♂️🤦🏻‍♂️
@felixgijon8621
@felixgijon8621 5 жыл бұрын
The world of collectibles is crazy!
@n3wt
@n3wt 5 жыл бұрын
really good indepth entertaining piece
@Elitenick0
@Elitenick0 5 жыл бұрын
Finally a vid a bout sneakers
@Threeanimalshow
@Threeanimalshow 5 жыл бұрын
30,000 in a year? It sounds like a lot until you realize an assignment manager at Walmart makes more...
@calbarblast
@calbarblast 5 жыл бұрын
ThreeAnimalShow he’s a teenager and it was his first year
@denirowaller3995
@denirowaller3995 5 жыл бұрын
He said his first year
@jdizzy2012
@jdizzy2012 4 жыл бұрын
Running your own business will get him into a good college, jokes on you
@mrmadness3561
@mrmadness3561 4 жыл бұрын
plus it’s not a full time job dude , he could work walmarts too like u mentioned so he got double payment
@samsonsoturian6013
@samsonsoturian6013 3 жыл бұрын
You need experience to get that job.
@brandonspiegel2293
@brandonspiegel2293 5 жыл бұрын
interesting, thanks for the perspective!
@walid7885
@walid7885 5 жыл бұрын
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...
@NS-xt5wv
@NS-xt5wv 4 жыл бұрын
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 Жыл бұрын
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.
@GodSpeed1105
@GodSpeed1105 5 жыл бұрын
Goals! But the hardest part is finding your plugs :(
@LeakCentral
@LeakCentral 5 жыл бұрын
i NEED a plug
@snozy4936
@snozy4936 5 жыл бұрын
Sneakers taught me about the stock market much respect
@andrearojas294
@andrearojas294 5 жыл бұрын
“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 4 жыл бұрын
Andrea Rojas wym
@KingJerbear
@KingJerbear 4 жыл бұрын
@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 Жыл бұрын
See thats the thing about all these fastball hitters they dont understand the art of the strikeout
@16soccerball
@16soccerball 4 жыл бұрын
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.
@miguelhector376341
@miguelhector376341 5 жыл бұрын
For someone that is expected to make 6figures can pay for a new screen lol
@gothands450
@gothands450 4 жыл бұрын
This type of people are the one that are going to kill the love for shoes , they legit have no soul
@jman6214
@jman6214 4 жыл бұрын
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.
@harkiratsingh1205
@harkiratsingh1205 5 жыл бұрын
Too many salty people in these comments hating on this guys’s hustle.
@hiiguys4773
@hiiguys4773 5 жыл бұрын
@@MrYoyoman12345 i don't get how hes scamming people explain more
@perryzion333
@perryzion333 5 жыл бұрын
@@hiiguys4773 I probably only get Walmart shoes that why he saying they scamming
@jsthebomb9627
@jsthebomb9627 5 жыл бұрын
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 5 жыл бұрын
@@MrYoyoman12345 that's not scamming if people are willing to pay for it.
@SilentzxMiku
@SilentzxMiku 5 жыл бұрын
@@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?
@Threeanimalshow
@Threeanimalshow 5 жыл бұрын
1:52 that's jits dad did not look happy lll
@EddyGraphic
@EddyGraphic 4 жыл бұрын
For me it is retail or nothing 🙅🏻‍♂️ I’d rather get a 1:1 replica than paying those ridiculous prices for a retail pair.
@nobody.123
@nobody.123 4 жыл бұрын
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.
@imnotsurewhy
@imnotsurewhy 5 жыл бұрын
Sneaker Con Artists.
@Stalinshounds
@Stalinshounds 4 жыл бұрын
I'm not sure Why spot on 👌
@trendthis364
@trendthis364 5 жыл бұрын
Only the 1% with bots and industry connects can get into the action.
@homersimpson9784
@homersimpson9784 5 жыл бұрын
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 5 жыл бұрын
@@homersimpson9784 what did u resell this week??
@yubapofan
@yubapofan 5 жыл бұрын
False
@samsonsoturian6013
@samsonsoturian6013 3 жыл бұрын
He should become a hedge fund analyst...
@warrenphilips8441
@warrenphilips8441 5 жыл бұрын
I protect the bottom of my feet with the souls of my enemies. Your argument is invalid.
@m4tt165
@m4tt165 5 жыл бұрын
1:50 billy comin up off his pop’s money
@Deezmok
@Deezmok 5 жыл бұрын
I love wsj
@Xergecuz
@Xergecuz 5 жыл бұрын
Must americans make a bubble out of everything? I have an uncle sitting on thousands he spent in Hot Wheels back in the 80's and 90's, and now he can't get rid of them, same deal with 90's basketball cards, they're worthless now.
@TigerTT
@TigerTT 5 жыл бұрын
I mean people kill other people just for wearing certain shoes in certain areas so yeah shoes always have value lol
@Glock_Nico
@Glock_Nico 5 жыл бұрын
@The chukchee Speak for yourself ... I expect to be floating around barefoot in my flying car in 2080.
@Glock_Nico
@Glock_Nico 5 жыл бұрын
@Matthew Menotti for now.
@buttnutt252
@buttnutt252 5 жыл бұрын
Bad Xerge well, there was a huge demand for Jordan’s in the 80s and there’s a even bigger demand for them in 2019 sooo...... and some shoes will never release ever again and go up crazy in price, like the pairs sb dunk, $120 retail I do believe $30k re sell 10+ yeas later
@isaac.a7039
@isaac.a7039 5 жыл бұрын
Nico Glock Earth won’t be habitable by 2080, at the rate it’s going right now
@bambam6149
@bambam6149 5 жыл бұрын
Gotta get the bag
@joeyrollright147
@joeyrollright147 4 жыл бұрын
I wish Sneaker Con would come to Boise Idaho 😔
@gice2290
@gice2290 5 жыл бұрын
If Rocky sold sneakers
@truth5965
@truth5965 5 жыл бұрын
using screen time to use the screen more 👌🏻
@Heatherreseller
@Heatherreseller 4 жыл бұрын
Very cool
@SneakerPhetish
@SneakerPhetish 5 жыл бұрын
For the 700th time, It’s Nike Mag, not “Air Mag”. There’s no Air Technology in the Sneaker
@lilpro6046
@lilpro6046 4 жыл бұрын
Just buy in the original Nike store ..It is none sense to purchase one of that there for triple the original price
@FreXLZ
@FreXLZ 4 жыл бұрын
Lil Pro bruh they sell out in like 1 minute, that’s why they’re so expensive: very limited amounts for lots of people wanting them. Big demand, small supply
@lilpro6046
@lilpro6046 4 жыл бұрын
@@FreXLZ very non sense bro honestly the quality of those products is not worth even 5 percent you've paid
@shoejunkie1985
@shoejunkie1985 5 жыл бұрын
Wish the Sneaker Con App was on Android
@isaac.a7039
@isaac.a7039 5 жыл бұрын
Just sold some USED SW air max 1/97, bought them for 160$, sold them for 750$
@InMyGlamEra
@InMyGlamEra 5 жыл бұрын
You could've sold yours for 1k
@isaac.a7039
@isaac.a7039 5 жыл бұрын
Coochie Monster Naw, they wouldn’t sell for 1,000$ because you can get them for 1k brand new,
@InMyGlamEra
@InMyGlamEra 5 жыл бұрын
@@isaac.a7039 o I thought they were new.I didn't read it correctly my bad
@marcus23fraser
@marcus23fraser 5 жыл бұрын
But the part that people don’t understand how hard it is to actually get a pair
@user-hc9qv9yb9m
@user-hc9qv9yb9m 4 жыл бұрын
@@marcus23fraser So what? There are other sneakers
@Glock_Nico
@Glock_Nico 5 жыл бұрын
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 5 жыл бұрын
Sneakers will never die, cause people will always wear them
@AnchorShip
@AnchorShip 5 жыл бұрын
You can still collect while wearing your pairs
@javien6476
@javien6476 5 жыл бұрын
It’s been almost 30 years lol
@jen_nice2059
@jen_nice2059 4 жыл бұрын
Nico Glock it will. Once Nike steps in to rein them in, the Bubble will burst
@georgekay9377
@georgekay9377 5 жыл бұрын
About 2 years late wallstreet
@kjeezy2990
@kjeezy2990 4 жыл бұрын
This kids bout to get robbed 😂 by the government
@lucwideyes
@lucwideyes 5 жыл бұрын
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 5 жыл бұрын
LucWideyes cut them off
@makaylasimon9498
@makaylasimon9498 5 жыл бұрын
Posted on my birthday
@oscart698
@oscart698 5 жыл бұрын
How do I find about local Sneaker con in my area ?
@No-nq1lo
@No-nq1lo 5 жыл бұрын
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 5 жыл бұрын
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 5 жыл бұрын
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 5 жыл бұрын
@@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
@spootnik00
@spootnik00 3 жыл бұрын
1:50 Wrong kid... Your job is selling sneakers
@Queenofsole100
@Queenofsole100 5 жыл бұрын
#SneakerheadLife 👟👟👟💯
@sneakervinyl
@sneakervinyl 4 жыл бұрын
DOPE!
@grgsimon06
@grgsimon06 4 жыл бұрын
2:46 i see my country’s flag , i hit the like button 🇳🇵
@customerservice9676
@customerservice9676 4 жыл бұрын
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?
@JordanGabrielClassof
@JordanGabrielClassof 5 жыл бұрын
They guy in the red sweater at 3:05 is CashK he has a KZbin channel.
@oswaldojfernandez6807
@oswaldojfernandez6807 4 жыл бұрын
All these dudes that sell sneakers act like they're the smartest guys for selling shoes.
@trendthis364
@trendthis364 5 жыл бұрын
Also how do you screen for fakes? Someone can pull up with fakes and undersell.
@cheesemastergaminglive3292
@cheesemastergaminglive3292 5 жыл бұрын
If you can't tell it's fake then its real
@trendthis364
@trendthis364 5 жыл бұрын
@@cheesemastergaminglive3292 lol
@joshuaalexander3510
@joshuaalexander3510 5 жыл бұрын
You can get your shoes legit checked at sneaker con
@kurtwagner350
@kurtwagner350 5 жыл бұрын
Most people will understand that if something is to good to be true it probably is
@spearmintlatios9047
@spearmintlatios9047 5 жыл бұрын
If youre avid about them its pretty easy to tell. Stockx is a major platform to sell on that will check for fakes
@jamarparker1
@jamarparker1 5 жыл бұрын
Sneaker game has been good to me I made a quarter million from 2015-2019
@mexicanwootwoot
@mexicanwootwoot 5 жыл бұрын
Teach me
@mexicanwootwoot
@mexicanwootwoot 5 жыл бұрын
Did u use botting?
@jamarparker1
@jamarparker1 5 жыл бұрын
justin harris never bott I just took advantage of people do the hard work for me
@mexicanwootwoot
@mexicanwootwoot 5 жыл бұрын
@@jamarparker1what was your normal job before?
@jamarparker1
@jamarparker1 5 жыл бұрын
Federal officer
@scareleague9551
@scareleague9551 5 жыл бұрын
dude wasent raised in the hood was he? makes a video how hes making money but appearantly not paying taxs then posts it on youtube 😂 i can hear it now fbi+irs raiding his house at 2 am in the morning.
@itznotjesusj3058
@itznotjesusj3058 5 жыл бұрын
Scare League how do you misspell wasn’t 😂
@LostMySauce
@LostMySauce 5 жыл бұрын
Well it wouldn't be the FBI lol it would be a letter from the IRS
@miiiiiiiiiiimiiiiiiiiiii5040
@miiiiiiiiiiimiiiiiiiiiii5040 5 жыл бұрын
Wasn't*
@SuperDreadnaut
@SuperDreadnaut 5 жыл бұрын
The IRS don't give a shit about these small time dealers. They only focus on much larger assets.
@gordomiguel1931
@gordomiguel1931 5 жыл бұрын
Why do people always say "in the morning" after am?
@j6de
@j6de 4 жыл бұрын
feet pic sellers punching the air rn
@fan4life34
@fan4life34 5 жыл бұрын
It's all about Cleveland! America's "come back city"
@angelcisneros4874
@angelcisneros4874 4 жыл бұрын
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 4 жыл бұрын
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
@crashweaverda
@crashweaverda 5 жыл бұрын
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.
@devantex8640
@devantex8640 5 жыл бұрын
These geeks and suburban kids really destroyed the sneaker community. They took something from our urban culture and made a mockery of it.
@Noexcuses00
@Noexcuses00 5 жыл бұрын
I agree
@michaelphilip1
@michaelphilip1 5 жыл бұрын
A lot of hate on this idea. Fact of the matter is it is a great idea.
@zephaniahhenry5258
@zephaniahhenry5258 5 жыл бұрын
People talking bad about other people spending all that money on sneakers. It’s just the same as anything else Americans become obsessed with and spend crazy money on. Guns, China, watches, bags, cars, phones, video games, etc
@bazingitty9282
@bazingitty9282 5 жыл бұрын
You do realize that Americans aren't the only people in the sneaker culture right?
@curtiscarpenter9881
@curtiscarpenter9881 4 жыл бұрын
I bought a pair of Nike shoes only £40 but their superb and their mine.
@michaelquintero2315
@michaelquintero2315 4 жыл бұрын
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 4 жыл бұрын
Michael Quintero I mean unless you can pull it off, goods looks
@1stGruhn
@1stGruhn 5 жыл бұрын
nothin but tulip bulbs
@MrAceekidd
@MrAceekidd 5 жыл бұрын
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 5 жыл бұрын
@@MrAceekidd When you have so many people buying for the purpose of reselling: that's when you know you have a bubble.
@MrAceekidd
@MrAceekidd 5 жыл бұрын
@@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 5 жыл бұрын
@@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 5 жыл бұрын
@@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.
@shaggylocs232
@shaggylocs232 5 жыл бұрын
Help people out? really take their money
@hiphopleaks2390
@hiphopleaks2390 5 жыл бұрын
Shaggy Locs it’s all business. supply and demand
@raphaelreswara6588
@raphaelreswara6588 5 жыл бұрын
its about business some people are bored with their sneaker so they ask reseller to sell his sneaker and split the profit.
@jasonsantos6430
@jasonsantos6430 5 жыл бұрын
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 5 жыл бұрын
@@jasonsantos6430 so what the purpose of consigment store they are actually helping people out trough third parties
@raphaelreswara6588
@raphaelreswara6588 5 жыл бұрын
@@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
@karohz1834
@karohz1834 5 жыл бұрын
if you want cheap, used sneakers use poshmark
@luckyhappy9928
@luckyhappy9928 5 жыл бұрын
where is place
@mo11el
@mo11el 5 жыл бұрын
Any fellow resellers and hype beasts ?
@willieberdecia4227
@willieberdecia4227 5 жыл бұрын
Good
@yungx705
@yungx705 5 жыл бұрын
Can someone explain me this?
@YashasRedd
@YashasRedd 5 жыл бұрын
What about ppl like with a UK 12
@rodU65
@rodU65 5 жыл бұрын
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?
@elflakeador09
@elflakeador09 4 жыл бұрын
What I don't understand is if your buying a pair of kicks because you like the look of them and your going to wear them, just buy a good pair of fakes online from China for a fraction of the price. No difference. I wouldn't be making the likes of this fella rich.
@reeldeal2149
@reeldeal2149 5 жыл бұрын
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 5 жыл бұрын
fable I pray u find your gift and hidden talent have a blessed life
@walid7885
@walid7885 5 жыл бұрын
Next, they will repackage the Sneakers and bundle them in mortgage-backed securities and sell them to the US pension funds so that they can meet their obligations to the pensioners. Worst case Scenario the Fed will buy back those securities.
@scottgarner9033
@scottgarner9033 5 жыл бұрын
Exploiting emotions is profitable.
@kurtwagner350
@kurtwagner350 5 жыл бұрын
I mean if by “emotions” you mean fashion trends and nostalgia then I guess
@SuperDreadnaut
@SuperDreadnaut 5 жыл бұрын
Welcome to Marketing.
@abc123fhdi
@abc123fhdi 5 жыл бұрын
They make it look easier than it is. It's hard work and if he makes $6K in a day I can do that while sitting at home doing nothing.
@dre.s52
@dre.s52 5 жыл бұрын
ima steal all them jordans and lebrons
@raydominguez9351
@raydominguez9351 5 жыл бұрын
I'll just invest on precious metals not things made of rubber.
@javien6476
@javien6476 5 жыл бұрын
Ray Dominguez it’s no different both things are made of materials not useful to the average person but worth is placed on both by us
@Noexcuses00
@Noexcuses00 5 жыл бұрын
EXACTLY .... I just bought PAMP Suisse gold bars
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