Lets Make a Profit

Reselling shoes have given people a different opportunity to create a main or a secondary source of income. In the year 2020, the sneaker industry has tripled in revenue grossing way over 5 billion dollars and by 2030 it projected to reach over 25 billion[1]. Since covid-19 has halted in store sells, online sells have made an even bigger impact by allowing resellers to use 3rd party marketplaces to capture sells from the traffic those marketplaces provide.  This chart is a representation of the growth reseeling sneaker has had in the past decade. According to forbes, the internet has changed the sneaker game.  "S neaker sales on the web were 16% of total sneaker sale last year and grew about 20%. In fact, in in 2012 and 2012 sales of all sport footwear on the internet grew about 20% each year. If we assume 20% growth for internet sales and low singles growth in physical stores, in 5 years, sales of sneaker on the web will approach a third of all sneakers sold.[1]"  The sn...

In order to be successful one must understand how to operate certain tools and what they are used for. Sneaker resellers use bots to help acquire as many shoes as possible.  A sneaker bot is a program that is made to help users purchase products as soon as they are released . Behind the scenes, these  online bots use JavaScript coding to enter a website and automate actions[2]. JavaScript has  a   significant role  in web applications. These types of scripts are used to communicate with the users and servers. These programs are complex pieces of software that require different frameworks and tools to automate these scripts. Basically, the program is used to create the main feature of “auto checkout.” The purpose of  utilizing  JavaScript's  for  a sneaker bot is to  allow a customer to  checkout a product or make multiple purchases fast[2]. Therefore, many features  must  be present  to  achieve this goal.  ...

  Limited products have become increasingly popular for resellers. This occurs because the more demand there is for a product, the higher a reseller can raise the price. Resellers stock up on products and sell items at two to three times higher cost than the retail price. A new and faster way for a consumer to increase their chances of purchasing high demand items is to use an application on the internet to offer options of buying direct from store at fast speeds[1].  Sneaker bots are essential in obtaining shoes for resale. The purpose of the bot is to automate the checkout process. Considering that there are many people crashing a site to purchase a limited product. The bot will give an advantage to achieving a purchase. So if an individual is looking to purchase multiple shoes at retail this is the tool to use[2].       There are many different bots to purchase online. The top five bots are NSB Bot, Aio Bot, Easy Cop, The Ghost Bot, and lastly the KickSt...

  Reselling shoes have become the Kickstarter for the year 2020. Covid-19 has caused a lot of problems throughout the year. A lot of businesses have either shut down or reduced their services by 50%. Because of this a lot of people were put out of work and are solely relying on unemployment. Considering that people are at home, more people are purchasing products online, thus creating a revenue flow for resale.  There are many different business models used in the resale business. In this blog, the focus is on the 2 main models Arbitrage and wholesale,.  There are pros and cons to each one, however each model is proven to be very profitable and consistent.  Retail arbitrage is the act of purchasing a product from a store and reselling that product on a 3rd party market place such as Amazon, Ebay or Walmart. This is a profitable way to make money because you can buy things that are valued cheaper in store and sold at a higher price online...