Without a doubt there’s a lot of money in the sneaker collection game. For example, Jordan’s NIKE brand, sold $2.5 Billion in 2013. In fact, the athletic shoe industry hit $21 Billion last year, with sneakers making up about $4.5 Billion total says James Dean @ iHumanMedia.com Primarily, much of the value lies in the basketball sneaker but football and soccer sneakers are also gaining a market foothold.
Aspiring young entrepreneurs, start out with a modest investment buying $500 worth of limited edition sneakers then turn around with a few months to triple their money. So move over Bill Gates and rapper, Jay Z, kid entrepreneurs are making big money now in the business of buying and selling collectible sneakers that can yield profits of $30,000 or more in value.
Harlem’s Sneaker Pawn, started out as an idea from Troy Reed loaning money to his son, Chase using his sneakers as collateral. But the creative business model of sneaker pawn soon blossomed into a retail store in New York’s Harlem district, started with seed money from the families shoe collection.
The Urban Dictionary defines ‘Kicks’ as cool sneakers. On the street you might overhear conversations like; “Hey bro nice kicks u got there” … is a common exchange among the Millennial and Gen X consumer age group says Mr. Dean.
Even the entertainment industry has embraced the lucrative business and lifestyle of wearing valuable sneakers. The pop band, Foster the People debuted their smash hit music video, ‘Pumped Up Kicks’ capturing over 139 million social media viewers on YouTube. For retail advertisers, it’s a fantastic venue to develop brand loyalty reports iHumanMedia.com
How to Buy and Sell Collectible Sneakers by James Dean @ iHumanMedia.com
1) Know how many were produced. Limited editions will grow in value over time. Attend trade shows like SoleX Change which enable you to network and learn the art of collecting valuable sneakers.
2) Brand name … Nike Jordan’s and LeBron’s are hot, worth lots of money in resale.
3) Condition is critical to resale value, so keep your valuable sneakers in pristine shape. Quality workmanship and special brand logos add more value to the sneaker.
4) Timing is significant to collectible sneaker resale value. Warm weather months (Spring and Summer) generally bring higher prices.
5) Buy low sell HIGH … Craigslist.org and eBay are good places to find deals that can turn a nice collectible sneaker profit. Leverage social media network like Facebook, Twitter, Google Plus and Instagram to create awareness and sell your sneaker collection says James Dean @ iHumanMedia.com SEE EXAMPLE : Nike Air Jordan 10 Retro Men Shoes Sneakers Cool Grey_Black_Infrared 3
6) Resale tip … be patient when you go to sell, don’t always take the first bid. Patience can increase your bottom line profit margin. Post high quality photos online for better sales results.
Below Checkout Top Sneaker Boutiques …
Tokyo, Japan – New York City, New York
When it comes to independent sneaker retailers, few, if any, have done it better than Tokyo’s atmos. Now entering its second decade, the legendary Japanese sneaker retailer continues to grow, both domestically in Japan with new retail locations and globally with a superb lineup of collaborations.
Sneakersnstuff has been Sweden’s best sneaker shop since they opened their doors back in 1999. Founders Erik and Peter have a true love for sneakers, and it shows with their steady flow of the best kicks available for purchase from around the world. Fresh off a year where they released one Reebok Classic collaboration every month, we can’t wait to see what they come up with next.
A mainstay in the New England sneaker scene for years now, Concepts is also one of the most important boutiques to the entire sneaker world. The shop became a force to be reckoned with in 2013 after releasing a slew of high quality collabs, including a few like the ‘C-Note’ New Balance 998 and ‘Three Lies’ ASICS Gel-Lyte III that were no stranger to many ‘best of the year’ lists.
Originally founded by Michael Kopelman, Simon Porter and Nike’s Fraser Cooke, Foot Patrol has provide Londoners with exclusive sneakers from around the world for over 10 years now, adding in their own limited edition collaborations along the way. Although the FP brand is now owned by JD Sports, its well-curated, premium product selection has not changed. If you’re in London, Foot Patrol is a must-visit destination for sneaker collectors.
New York City, New York
Ronnie Fieg’s Kith stores in Manhattan and Brooklyn are premier sneaker destinations in the New York City scene with their premium blend of casual, luxury and performance footwear available on the shelves. Couple that with Ronnie’s steady stream of hyped up collabs, available exclusively within their doors, and Kith is right up therein the conversation of best boutiques across the globe.
Grand Rapids, Michigan
The pride of Grand Rapids, Premier Skate, has risen up the ranks in recent years to become one of the top skate and sneaker combo shops in the world. Despite being located outside of America’s larger cultural hubs, Premier reaches the masses with a friendly and quickly updated e-commerce experience, not to mention its back-to-back “Petoskey” collaborations with Nike SB.
Diamond Bar, California
Diamond Bar’s BAIT has only been open for about a year and a half, but has plenty to show for itself in that amount of time. Churning out top collabs with brands like ASICS, Saucony and Reebok, the shop has made quite a name for itself already. Collab shoes aside, the BAIT retail location offers far more than just sneakers, with a selection of everything a “cool” person could want. From $5 toys, to $10,000 pieces of fine art, they aim to have a carefully curated selection of items to make both comic book and sneaker nerds alike welcome inside. Oh, and did we mention that it’s also a skate shop?
Teaneck, New Jersey
The footwear retail roots of Packer Shoes goes all the way back to 1907, so you can bet they know what they’re doing. Serving the tri-state area for 10 years now from their current Teaneck, New Jersey location, Packer also has a large enough number of great collaborative shoes under their belt to make any sneaker shop jealous.
Vancouver, British Columbia – Toronto, Ontario
Headquartered in Vancouver, Livestock holds the crown as Canada’s top sneaker retailer, operating out of three brick and mortar locations and a busy online store. Beyond providing its customers with top-tier footwear and apparel, the team behind Livestock also runs nationwide distribution companies and Vancouver’s best night club. In other words, they’re killing it.
Founded in 2003 by brothers Hikmet and Suekret Sugoer, Berlin’s Solebox continues to make waves as one of the world’s top shops for sneaker connoisseurs. Aside from feeding the German sneaker scene, Solebox has developed an international following for its collaborative gems, most recently working with Reebok on a specialglow-in-the-dark pack.
Tokyo’s mita sneakers joins the list as one of the more unique retail setups in the industry, functioning in Ueno’s Ameyoko market as both an open-air booth and what could be considered a mall kiosk (albeit the coolest mall kiosk in the world). The rest of the globe knows mita for its first-rate e-commerce presence and its excellentcollaborations, the latter of which has cemented the mita name in the annals of sneaker history.
Co-founded by Nike Sportswear’s Ian Ginoza in 2005, Chicago’s Saint Alfred has become one of America’s best known sneaker boutiques, offering products from footwear industry heavyweights, rare streetwear brands and its own in-house line, all pushed forward through a number of collaborations. Along with its sister store KICKS/HI, STA has you held down from coast to coast.
Boston’s famous speakeasy-style sneaker store has gained a strong reputation over the years for its premium product selection and portfolio of unique collaborations, including recent work with its Northeast neighbors at New Balance, Reebok and Saucony. Few boutiques can consider themselves a tourist attraction, but Bodega is one of them.
Los Angeles, California – Las Vegas, Nevada – San Francisco, California – Tokyo, Japan
Founded in Los Angeles in 2002, Undefeated quickly became one of the most famous names in the sneaker industry, receiving acclaim for its well-edited product selection, big name collaborations and a stand alone apparel line that has proven to be one of streetwear’s enduring brands. When your shop is featured on an HBO seriesand Kobe starts showing up to your campouts in a DeLorean, let us know. Until then, Undefeated is the shop of every aspiring retailer’s dreams.
How much Are they Worth – Guide to Collectible Sneakers, Valuable Kicks …
|Kobe 1 Prelude||476|
|Kobe 2 Prelude||425|
|Kobe 3 Prelude||377|
|Kobe 4 Prelude||447|
Nike Basketball Other
Air Force 1
SHARE THIS ARTICLE IF YOU LIKED IT !