Why Sneaker Store Owners are Going Bankrupt End of 2024

If you're a sneaker reseller & serious about scaling your business- I put together a free training video breaking down the exact Amazon System that all of the top resellers are using right now: www.dpsneak.co...

[@dpsneak]

Random comment gets $39🖤

[@titodenino]

random comment

[@jarmaineburkett2123]

@@titodeninowoah woah woah you still pee the bed at night

[@titodenino]

@@jarmaineburkett2123 Doesn't have to be night 😎

[@jarmaineburkett2123]

@@titodenino is That why my lemonade tasted sweet

[@jamida5287]

Random

[@Demonstrait]

Sneakers are dropping because people rather take 200$ for groceries instead of shoes

[@Sneaker_Fox]

Agree

[@ScottSummers-h3x]

Yes food is more important nowadays. And having 5 to 10 good pairs of shoes is enough.

[@vinnythep4216]

Fr i enjoy food way more than another pair of shoes that I know I don’t need, Honestly I have 20 pairs of shoes less than most sneaker heads but that more than enough shoes but food I’ll forever need

[@blue_diamond_gem]

Or buy crypto, gold or silver lol

[@shadowspire]

@@ScottSummers-h3x I go to vans and get the buy one get one 1/2 half off. I wear my shoes until they are pretty worn out😅

[@YUNGEUROTV]

Sneaker culture is dying out because of scumbags who use bots to get every shoe and then resell and a crazy mark up and people are getting sick of it

[@RepDaVinci]

I’m tired of seeing all these reseller stores popping up in the malls. There’s at least 5 in my local. The sneaker game is all fvcked up.

[@ScottSummers-h3x]

Agree. there are too many of them.

[@ultimateyagerman]

Yup Lazy people who dont want to get a real job is quite a problem these days.

[@aarontoalet]

Very few people are desperate for shoes that they NEED them immediately.

[@jcunningham7]

I was just about to make this exact comment.

[@ezrapark9213]

honestly i’m super shocked at how informative this was. i always wanted to know the breakdown of what happened at sneaker stores and this explains why a lot of sneaker stores near me shut down with crazy high priced shoes. thank you fr, you earned my sub

[@nbarealtalker]

I’m gonna go out on a limb and say the issue is an utter lack of originality. It’s important to understand and follow trends to an extent, but at some point, a store has to hit a niche or satisfy a lesser desired nostalgia. Otherwise, it will ebb and flow with the market. If you lined up 50 of these stores next to each other, there would be less variety than if you lined up 50 Footlockers next to each other. It’s not just money, people get sick of paying more and more for what inevitably equates to all the same old ish. There’s gotta be a unique or originality factor for a business to sustain. Otherwise, you’re just banking until things change. And it’s not just trends that change, it’s attitudes.

[@Kiuuuj]

Crazy how it seems every new sneaker is sitting

[@Dj_rueboi]

Even when they “sell out” most pairs are at or below retail

[@Livefromthewhytehouse]

There’s no money, it’s not that the game is done, is that no one has money!

[@kyzrxx7074]

​@@Livefromthewhytehouse honestly realest comment here

[@FreeTheMasses]

Like nobody has money ​@@Livefromthewhytehouse

[@SabinoPiccolino-nz2jn]

They release a different model shoe every day. They also release different colors of the same shoe all the time. That's why they sit. The market is over saturated

[@benny2755]

So in this point of view it boils down to location location location.... for your store and great community support for the backbone of the market to survive while having an awesome time. Got it. Great vid.

[@Majestic167]

There’s no reason pay retail or more from a specialty sneaker store on newer release’s, when you can get them from the manufacturers, licensed retail stores (Dick’s, Finish Line, etc) or at the outlets a LOT cheaper. With places like Stock X, Poizen, GOAT, etc, people can get pretty much ANY shoe they want cheaper than a speciality store. I get that there’s major cost involved, including rent, staff, marketing, and advertising, but that’s part of the game. You have to pay to play the game to get known, and established.

[@Ggggg12354]

We have bills to pay rather than buying a damn overpriced shoe

[@blackbox_kt]

Whoa the transparency.

[@acostanj24]

Sometimes it’s not all about profit, sometimes it’s all for the people to get things they can’t get in retail stores

[@smooveselling3236]

Yeah, but there's a price for everything. Dang

[@hectorabreu2502]

Nice business model: rip people off and pay employees pennies.. you’re a real genius

[@TheCandyMan01]

He just said that the prices may be high for you, but for the average consumer they’re not. Did he just call me poor!!! lol

[@brianflores4750]

This is a consignment store , if you want to open a straight up resell shop it all comes down to how many in demand shoes u can get for retail, cause hypothetically speaking if you can get them all for retail and you dont have to essentially middleman a pair then you can do pretty well. It all comes down to what u can get for retail price thats in demand

[@setgood5006]

Wat is a consignment store may I ask

[@setgood5006]

Wat is a consignment store

[@brightkicks_]

@@setgood5006consignment means you’re fronted the product and pay it back later

[@InvestingBotsAI]

@@setgood5006 Heard of Google

[@ninerlen]

Consignment store they sell your shoes for you and the store gets a percentage.

[@JoannaSmith-bl5ci]

I would rather have 1 pair of Jordans.then have 5 different wired colors that don’t go well with the clothes I have on.

[@bengrant9316]

I ain’t tryna be rude this was great video but to many people shop online and bc of GOAT and other platforms sneaker stores are pointless bc yall are way over market even my people who not even into shoes as much as me even know when the shoes to high. I understand making your money but people to smart now.

[@obrizzly]

Yeah the store closing

[@tropfusion]

Y’all gotta sell more pre-owned shoes and other smaller high margin items. I keep the brand new shoes on the shelves and they look cool and whatever but used forces and sunglasses pay the bills

[@JEng-x5w]

Smart young man👍 you have head on straight and no doubt you’re going to go far👍

[@sirpaidalot]

When goal is breaking even half the year RUN 😂

[@Jeremya74]

This is one of the best videos ive seen on business..i would recomend it to anyone that is starting or thinking of starting ANY business..the only thing i would disagree with is having your own business is better because you dont have to deal with an idiot boss and thats worth ALOT..WELL DONE

[@DEJAVU007]

Bro let the creator of all creations bless you because there's no one on KZbin that ever explained how to create a business that fast and with the accurate information that you have bestowed upon us distance from Yoda thank you the force is very strong with you

[@OT-pn3pd]

Adapting and having access to pairs at fair prices. No fear opening stores when you’re ahead of the curve🔥🔥🔥

[@kendressel1608]

The better option then paying 40% over stock x is just ordering on stock x and waiting a week to get your shoe time is money the time it takes to go to your store just to find out you don’t have the shoe I need in the size I need it in I can be home relaxing or working and what do you know my shoe arrives at my dlater

[@kendressel1608]

I’m sorry you actually seem like a really good guy I have just had bad experiences with stores in the mall that resell sneakers I went in last year to buy a size 9 Jordan 3 palomino for my nephew that was the shoe he wanted that year for his birthday so I go in ask for the shoe they have it I ask how much they reply with 320$ now mind you this shoe was a brick it was goin for 30$ under retail I’m a fair person I understand you need to make money is what I said to the guy and offered 260$ his reply was duhhhhhhhhh I can take like 15$ off I just said really? And left if I could find a store that was fair with me I’d rather do all my business with them then e bay goat and stock x

[@hankchinx1748]

​@@kendressel1608good for you 👏🏼 👍🏼! Screw these resell shops

[@mayozambada5098]

Damn realist video if ever seen 💯

[@shadowspire]

I never understood the sneaker market. Especially why people would be willing to pay hundreds sometimes thousands for a pair of shoes. I just go to vans when they have the buy one get one half off. Pay like 90bucks for 2 pairs, but too each their own hehe hope yall can get some good deals now that prices are dropping

[@unitedwestandunitedweprogr8946]

#Sometimes you gotta not #Pay the price & wear socks 🧦 outside I #Cant afford shoes #Random #Comment ✌🏽💪🏽🤣 great content brother

[@wileecoyote5749]

Will never understand why people pay more than $65 for sneakers.

[@GiftedDee]

Cause we have money

[@cabronas09]

it’s like why people pay thousands of dollars for diamond wedding rings (metal with a piece of carbon) cuz people can

[@cdm386]

I will never understand why people pay more than $65 for some china made garbage. At least some well made italian calf skin leather shoes are worth a couple hundreds.

[@ultimateyagerman]

​@@cdm386yup I'll take my snakeskin boots over any sneaker out there 😂

[@azzy90]

​@@cdm386You are smart. 👍

[@azzy90]

Thats why i wear boots. Now i know the reason.

[@pyromaniac8783]

Dude I buy here all the time, elevate lawrence correct? Got some Yeezy 350s, Jordan 11 gratitudes, some fear of god sweats. Already spent a band here and it’s well worth it. Been waiting for a store like this in Kansas

[@dpsneak]

Yes sir! Appreciate the business!!

[@pyromaniac8783]

@@dpsneak best believe I’ll be back in soon, just praying y’all get more bred or cool grey 11s in a size 9.5 or 10 🤞

[@johnjoe5860]

There's a lot of rich kids with to much money & no sense. Charging £400 for Pandas is criminal & should not be legal! 💯

[@bartoszsadowski4038]

bro breakdowned whole buisness plan on us

[@stevecec14]

Would love to see update videos in 3, 6, 9 months, a year from now on how the business is doing. Being transparent would be hard but beneficial for all your followers.

[@896tank]

I always wondered what DP stood for. Great video man! Good stuff.

[@AyyRios]

videos keeps getting better and better. great documentary style

[@jpg49]

This was a great video, good luck and wish all the success to you

[@jarmaineburkett2123]

I like m&m crisp they should bring them back

[@MIAPhilly]

The chickens have already begun to roost

[@Herikane82]

And yet KC is 40mins away...😂😂😂

[@tas4092]

You're a smart guy. Wouldn't you do better working for wall street or finance for a big firm?

[@donsalvadoor]

Love the content brother. Thank you

[@danielmiles1500]

Idk any other way to put it, but Daniel’s stay winning 🤷🏼

[@joelevy3042]

But the problem is...most stores aren't offering anything to dudes like me, who have been copping kicks for 24 years. I know the market. I know the prices. I feel like a lot of y'all stores are actually dependent on the soccer moms, and the timmys, terrells, and edgars who don't really know shit, instead of trying to cater to sneakerheads who actually care about a wide variety of shoes, and will keep doing business with y'all if the service is good.

[@bennyward9157]

Are most consignment guys coming in at market value when working with stores or are they coming in under market value?

[@dpsneak]

Around market or $5-$10 under market value

[@thomasmclean2211]

Thank u 4 knowledge and sharing this info

[@mykittenisagrandmaster4381]

Reasons why they're going out of business main reasons price to high on certain shoes designs are not that great of eye of peal people want to spend 200 dollars on something that looks nice not generic like most of the Jordan retro shoes that are available people want something with a nice pattern and color choices

[@lowstaar]

Buy high sell low

[@kristansmith-park1484]

Super clear breakdown!

[@poppawheelie203]

U changed from DP sneak ?

[@ipaddleYOass]

This would be a good idea in 2016

[@hooess793]

How did u end with $39 ??

[@chitoglenndeslate1817]

Sell low end shoes,not just over priced nike shoes Some people buy to wear them,

[@ruthmeles1598]

Really great video and information!

[@ALWAYSBETTR]

People dont party like they did in the past and are stuck with (special occasion) shoes they hardly wear. I Sell work shoes.. boots and gym shoes at the flee market😂 buisness is booming

[@sulaymanbarrow7369]

No disrespecting KANYE caused the Resell collapse

[@Dj_rueboi]

Great video! Definitely informative

[@anonymous-jt8du]

This whole shoe business is getting out of hand people buying shoes to sell for a profit instead of wearing them is stupid 😂 last i checked it was a womans thing to collect shoes and hand bags

[@jakesalzman13]

Sooo Amazon is the move. Noted

[@brettcarroll3970]

So DP which Brett is your favorite? Me or the other Brett? This needs to be decided.

[@dpsneak]

Both

[@augustojoseramonpinochetug5235]

Da hell is a 😑 doing in KS?!

[@tellthetruth7497]

$39

[@NastyFlea]

you earn a subscriber this video is informative

[@marcop.525]

Common this is 2024 not 2014 😅

[@LLantas714]

Nothing but knowledge 😮

[@username5158]

Rare realist perspective 💯

[@jermaine_event]

What's the name of your store? Im like 30 minutes East

[@dpsneak]

This one is Elevate Lawrence

[@CoastyCody]

No personals

[@WhosRandy564]

I’ll take the $39 to buy from you 👍🏽

[@martin99110]

Good, these guys only open because they scam people. Selling overpriced shoes.

[@jonfinpark]

Urban necessities does consignments ❤

[@tellthetruth7497]

Urban necessities is ripping off their consignors i got a video on it

[@bambiiiii23]

Nice content bro.

[@RoccoKurvita-iu9no]

39$

[@wishfullythinking8938]

This post needs $39 💔

[@Ernest_Kahn]

This is insane!!!

[@StevenRoseren]

Dope ass store

[@lukenichols5528]

Random Comment

[@s_views7652]

Great content

[@anto.joseph]

Good

[@cesargalvez8432]

Great real video

[@Ramithebuyer]

Hi Daejin Park

[@ebsnkrz]

Bucket

[@Nineveh612]

The amount of lies being told in this video is crazy lol

[@terminatorkobe]

explain

[@heybudstfunow]

lol

[@Professional_Lube_Job]

I wanna know much your mommy and steodad invested

[@pistolpete3199]

This dude is just copying then regurgitating all the same stuff he hears from every other sneaker owner.. then he’s acting like he’s saying something g groundbreaking

[@sergei74]

fly

[@MikeSpr]

ECG! 🙌💯

[@bentleybenzbeamer]

Random comment

[@kendressel1608]

Mad cow disease cheese burgers

[@heybudstfunow]

wtf is this dude saying

[@yungdrew9947]

Nice video

[@wyattdurland6637]

W store owner

[@titodenino]

Nike half pipe shoes random shoes random comment

[@jaydaygaming2793]

Random comment

[@evgenyzhithere7956]

Fake clothes 😂

[@gavinhe4723]

W content as always

[@marcusfetti1449]

Lfg daejin

[@danishkhan-xj5pt]

whasguud cuh

[@Arley-xc5lb]

Hello :3