A Definitive Guide On Where To Resell Sneakers For A Profit Today

By: Maulik Garg

Introduction

Do you have a limited edition you want to resell? Are you looking to make money instantly? Or are you new to reselling sneakers and are looking to up your game?

Let me tell you: Whatever the reason might be, DisplayInfinity got you!

It is not hard if you know where to look, and we have an infinite outlook of the sneaker resell market on display for you.

Table Of Content

1. Best reselling sneaker retail stores
   • Flight Club
   • Stadium Goods
2. Best reselling website/apps
   • StockX
   • Goat

Best Reselling Sneaker Retail Stores

Retail stores? What is that? If someone had asked me this question before the phenomenon of online shopping, I would have given them a quizzical look. But considering the times we are living in today, a definition is much needed. 

Retail stores: A physical store owned and operated to sell or in our case resell consumer goods.

Now, that we have got that away. phew!! Let us look at the 2 best options for reselling sneakers.

There are a good number of retail stores where you can sell your sneakers. However, there are not many where you will actually end up selling and making a nifty profit. Two such stores: Flight Club and Stadium Goods.

Flight Club

Founded in 2005, Flight Club is one of the oldest brands in the resale game. Since then, It has become a reputable and trusted name that resonates with almost everyone who owns a pair of sneakers in the US. Currently, It has 3 huge retail stores located in New York City, Los Angeles, and Miami. All of which is an experience in itself. It is highly recommended to visit one of their stores even if you are not looking to buy or sell. The quality and quantity of sneakers at display are bound to leave a lasting impression.

On a side note, if you are a Sneakerhead interested in having a small, cool and unique display set up for yourself or to impress your friends, then check out some of our products and a short blog: 5 Reasons Why You Need A Shoe Display Case.

Rules & Regulations for sneakers:

1. New sneakers: They must be authentic, unworn, and in brand new condition with all original tags. 
2. Used sneakers: They must be authentic and can only be consigned in-person at one of our consignment locations.

How it works:

1. Create a submission on sell.flightclub.com for the shoes you want to sell.
2. For authenticity check, you are given the option to ship your shoes or drop-off your shoes at one of their stores. In the case of used sneakers, it’s mandatory to select drop-off.
3. Based on your selection, you are provided instructions.
4. Once received, they process and verify your sneakers’ authenticity.
5. Then, they list them across their network of selling channels — including retail stores, flightclub.com, goat.com, and the GOAT app

Fee:

1. Selling fee: If a sale is made, then Flight club charges 9.5% of the selling price and a $5 seller fee
2. Cash-out fee: If you have money in your Flight Club account and you want to cash-out, then a 2.9% cash-out fee is charged
3. Retrieval fee: In case you want to remove your listing and want your shoes back, you are charged $24 if you shipped your item and $12 if you dropped-off your item at a store.

Getting money back:

Secure and guaranteed payments are made via bank transfer or PayPal. You can request a payment as soon as the funds are available on your account page on sell.flightclub.com. A 2.9% cash-out fee will be charged at the time of withdrawal.

Pros:

1. Your sneakers could be put on display in one of the stores for buyers to see it in flesh.
2. Sneakers get sold quickly because of Flight club’s reputation and the location of their stores at tourist hubs.
3. You are allowed to adjust the pricing online if you are having trouble making a sale.
4. You are allowed to sell used sneakers as long as they are authentic and only lightly worn.

Cons:

1. Fee charges might be too high considering other options in the market such as eBay, Amazon, etc.
2. Flight club reserves the right to refuse any sneaker, especially in the case of used sneakers. 

On a side note, if you are considering reselling your used sneakers, you might want to give them a nice scrub. To learn how you could do that check out our article: A Guide On How To Restore Your Sneakers.

Stadium Goods

In the 6 years since its inception, Stadium goods have had a rapid rise to the top of the secondary sneaker industry. What started as a small retail store in New York is now one of the biggest names in the sneaker business. Its potential for growth and success was made evident when it was bought for $250 million by Fartech in 2018. Currently, they have 4 stores: 2 in New York and 2 in Chicago.

On a side note, if you are a Sneakerhead interested in having a small, cool and unique display set up for yourself or to impress your friends, then check out some of our products and a short blog: How To Arrange A Gorgeous Shoe Display Case.

Rules & Regulations for sneakers:

1. New sneakers: They must be authentic, unworn, and in pristine conditions.
2. Used sneakers: Not accepted

How it works:

1. Create an account on their Seller Portal. 
2. List the sneakers you want to consign for their team to review and approve. 
3. Deliver your items to Stadium Goods for authentication by either shipping or dropping them off at one of the stores.
4. Your items are then made available on their website, sales channels, and/or retail stores.

Fee:

1. Selling Fee: If a sale is made, then Stadium goods charge 20% of the selling price
2. Rejected or Withdrawal Fee: In case you want to remove the listing or your shoes got rejected and you want your shoes back, then you are charged $12 if you shipped your item and $0 if you dropped-off your item at a store.

Getting money back:

You will receive an email when your payment is available for you. Once you receive that notification, you can go to your “My Reports” tab in the Seller Portal. Once here, you can request an ACH payment to a saved account on file. Stadium goods used to offer checks as a payout option but not anymore. Also, you will need an approved tax form on file to request payment.

Pros:

1. Stadium Goods market your sneakers on different platforms such as Amazon, eBay, and Fartech.
2. Stadium Goods will also market your product through emails, organic social media, and paid social media.

Cons:

1. You cannot sell used sneakers.
2. You cannot adjust pricing. If you want to adjust pricing, then you have to submit a request at market@stadiumgoods.com.
3. They have a very strict authentication process.

On a side note, if you are considering reselling your used sneakers, you might want to give them a nice scrub. To learn how you could do that check out our article: A Guide On How To Restore Your Sneakers.

Best Reselling Websites/Apps

Online shopping!!

Don’t y’all just love it, having your favorite sneakers delivered right at your doorstep? Also, don’t ya’ll just hate it when you don’t get your delivery on time or when you open the box and find out it’s not what you paid for?

If that is the case and you want more of that love and less of the hate, then check out 2 of the biggest and most popular websites/apps in the sneaker resell market: StockX and Goat.

StockX

Founded in 2016, by Josh Luber, a Sneakerhead himself, StockX is probably the most innovative thing that has happened to the sneaker industry. It changed the way things were bought and sold. They used the simple idea of supply and demand and created a website for people to trade sneakers as stocks, just like stocks traded on Wall Street. Guess what? That simple idea is now worth $1 Billion. 

On a side note, if you are a Sneakerhead interested in having a small, cool and unique display set up for yourself or to impress your friends, then check out some of our products and a short blog: 5 Reasons Not To Store Shoes In A Cardboard Shoebox.

Rules & Regulations for sneakers:

1. New sneakers: They must be authentic, unworn, and in brand new condition with all original tags and in their original boxes.
2. Used sneakers: Not accepted.

How it works:

1. Go to StockX and create a free account.
2. Add your sneakers: brand name and model of your sneakers.
3. When your sneakers appear, just click on them and you’ll be redirected to another page.
4. Choose the size of the sneakers and proceed with adding your item.
5. Now, there are 2 ways to sell on StockX:
   • Ask: you can select an asking price from a list of low to high prices on the product page, along with the number of days you want to keep the offer active. Then, wait for someone to match the bid.
   • Sell: If you don’t want to wait, simply select “Sell Now” on the product page to sell the item immediately at the highest Bid.

Fee:

1. Payment processing fee: If a sale is made, StockX charges a 3% payment processing fee
2. Transaction fee: Depending on your status as a seller, your transaction fee increases or decreases. For example, if you are new to StockX, your seller status is level 1 and you will be charged 9.5% of the selling price. However, if you have made 3 sales, your seller status changes to level 2 and you will be charged 9.0% for any following sales. 
3. Penalty fee: If the seller does not honor the agreement, then they are charged $15 or 15% of the transaction price. The percentage might vary depending on the status of the seller. You may also face additional charges at StockX’s discretion.

Getting money back:

Once the sold sneakers are authenticated and verified, the selling amount minus the fees are transferred to your account, depending on the service you are using. Available Options: PayPal, bank transfer, Venmo, Debit card.

Pros:

1. You have the freedom to select your price.
2. No time wasting in adding pictures or information about the sneakers since it is already available on the site.
3. Your identity is anonymous.

Cons:

1. Since it’s a free market, buyers can bid lower than the market value.
2. High transaction fees.

On a side note, if you are considering reselling your used sneakers, you might want to give them a nice scrub. To learn how you could do that check out our article: A Guide On How To Restore Your Sneakers.

Goat

Founded only in 2015, Goat has become the go-to platform for people looking to sell sneakers through mobile apps. Their user-friendly interface allows Sneakerheads to buy and sell sneakers within minutes. Currently, they have 12 million members and more than 800,000 sneakers listed on their website. In 2018, they sent shockwaves down the sneaker industry by acquiring flight club, one of the oldest brands in the resale game.

On a side note, if you are a Sneakerhead interested in having a small, cool and unique display set up for yourself or to impress your friends, then check out some of our products and a short blog: 5 Reasons Why You Need A Shoe Display Case.

Rules & Regulations for sneakers:

1. New sneakers: They must be authentic, unworn, and in brand new condition with all original tags and in their original boxes
2. Used sneakers: They should be authentic and every little detail of wear and tear should be added while submitting a listing request.

How it works:

1. Go to the Goat app and register an account.
2. Submit a request to sell form: personal information, return address, and read Seller 101.
3. After the request is approved, you can tap the sell tab to list your items. 
4. The sell tab will open a search tool where you will type the SKU of your sneaker, which can be found on the box or inside the item
5. After selecting your sneaker, type in the shoe size, select used or new sneaker, select new or old box, select options for shoes’ condition.
6. After adding your item, select the price you want to sell and take photos of the shoes and box.
7. Finally, go ahead and submit the request.
8. After approval, your sneakers are listed on their app and website.
9. If someone buys your sneakers then you are asked to ship your shoes to Goat for verification.
10. If successfully verified, your sneakers are shipped to the seller and your account is credited with the selling price minus the fees.

Fee:

1. Seller fee: It depends on the country. For the US, it is $5
2. Commission fee: This varies depending on the seller rating: 
   • At or above 90: Commission fee is 9.5% + the seller fee.
   • Between 70-89: The commission fee is 15% + the seller fee
   • Between 50-69: The commission fee will be 20% + the seller fee.
   • Below 50: Suspension from selling on GOAT. Every new seller starts at 90 points. For each seller cancellation, 10 points are deducted, and for each successful sale, 2 points are added.
3. Cash-out fee: For every sale, there is a flat 2.9% fee.

Getting money back:

There are two options: ACH direct deposit to your bank account or deposit to your PayPal account.

Pros:

1. Straightforward listing process.
2. Quick sales.
3. Freedom to set your own price.

Cons:

1. Strict rules for seller reputation.
2. The authentication and verification process long and tedious. 
3. Long time before you get paid.

On a side note, if you are considering reselling your used sneakers, you might want to give them a nice scrub. To learn how you could do that check out our article: A Guide On How To Restore Your Sneakers.

Conclusion

The sneaker resale market has never been in such a healthy, functional, and attractive state. The growing variety in online and offline channels has given Sneakerheads the perfect opportunity to sell their sneakers quickly and for a nifty profit. Also, In terms of inflow-outflow of product, quality of product, and customer service, there has never been a sweeter time. And guess what? This is just the beginning! It is expected that by 2030 the global resale market would grow to $30 billion.