If you’re like most of us, then you love sneakers. But sometimes, you don’t wear the shoes that much anymore—or maybe they’re not your style anymore. But what if you could get some money for them instead of just throwing them out or giving them away? That would be amazing! And guess what? We did some research and found five legitimate sites where you can do just that.
This blog post will walk you through some of the best resell sites and how they work so that you can make sure you’re getting the most money back on your old sneakers without worrying about being scammed or mistreated.
StockX
In 2016, Josh Luber founded StockX—a “stock market of things” that connects buyers and sellers. It has swiftly become streetwear’s preferred online marketplace for the safe and secure buying and selling of sneakers, streetwear, watches, and designer handbags.
Let’s say you want to sell a pair of rare sneakers. On StockX, search for the item and specify the size you have available, then either immediately accept the highest offer or enter an asking price and wait for someone else to make an offer.
When someone buys your item on StockX, the app will email you a prepaid shipping label and packing slip. If you don’t send the package out within two business days, StockX will charge you a modest fee. Once StockX has verified that your item is authentic and unmarked by previous use, it will transfer the money from its account to yours.
Bottom line:
StockX charges a transaction fee, starting at around 10%, with a subscription of $9. But as your seller level rises, so does the percentage you keep.
Also read: Why Sustainable Sneakers Are the Future of Footwear Brands
GOAT
The term “greatest of all time,” or “GOAT,” is frequently used in sports to refer to exceptional or legendary athletes.
In addition to serving as a marketplace for buyers and sellers, GOAT also provides services for cleaning and refurbishing used sneakers offered on the platform and confirming their authenticity. GOAT has also used technology to let customers try on their sneakers using a mobile phone app that employs augmented reality, allowing people to preview what the newest drop-in kicks would look like on their feet.
The GOAT makes it easy for you to sign up as a seller. On the app’s “sell” page, submit a request to become a member by providing information like your phone number and mailing address; once your request is approved, you’ll begin with a 90 seller rating.
To list a pair of shoes, look up the footwear using its name or SKU and provide details such as size and condition. You must also include a picture of the shoe’s size tag in this listing. GOAT requires sending multiple images from various angles for each item sold on their app. The final step is determining how much you want to sell your shoes. There should be a substantial difference between what the shoe sells for new and the price you list it at.
Once you’ve sold your shoes to GOAT, verify the sale on the app after receiving an email or push notification. Then, within a few days of that verification date, you should ship your shoe(s) to UPS. Once you’ve sent your sneakers, update the listing on the app to let GOAT and its buyer know that they have arrived. The GOAT app will give you access to your earnings after the team completes this shoe’s validation.
Bottom Line:
The main criticism of GOAT is that it will transfer your money to your bank account for a 2.8% fee, and sellers in the US are subject to a fixed $5 seller fee plus a 9.5% commission fee.
Flight Club
In 2005, Flight Club was established as one of the first companies in the reselling industry. Since then, it has established a solid reputation and become well-known by practically everyone—from hardcore sneakerheads to casual shoe collectors. It has three prominent retail locations: one in Miami, another in Los Angeles, and a third in New York City.
To sell sneakers on Flight Club, you must create an account. Then the shoes for sale are loaded onto your page. Staff at Flight Club consider authenticity, size availability, and rarity when setting sale prices. Unavailable and rare items cost more because fewer people are likely to buy them. You can also choose whether you want payment sent via PayPal or bank transfer after the buyer has received their shoes.
Bottom Line:
Flight Club charges sellers a $5 fee and levies an additional 9.5% commission on any items you sell through its marketplace platform. It also deducts an extra 2.9% from your earnings when you cash out your Flight Club account balance.
Stadium Goods
When Stadium Goods opened in 2015, it quickly became one of New York City’s premier resale and consignment stores. After collaborating with a huge Chinese online store and receiving financial support from global fashion powerhouse LVMH, it has since expanded its reach. In 2018, Farfetch purchased the site for $250 million—and there’s no turning back now!
To sell something on Stadium Goods, you will first submit a ticket (a request to sell an item). You’ll then provide information about the product—its size, model, and condition — and your desired price. Stadium Goods may counter your offer or accept your offer. You can print a label and send your item to Stadium Goods for verification once the ticket has been accepted.
After Stadium Goods handles the shipping and tracking of your item, you can monitor its sale on your account dashboard. The inventory report is updated every Wednesday. Visit the physical store or sign up for ACH to get paid by check.
Bottom Line:
The company pays its sellers once a week, deducting 20% from the total they receive.
Poshmark
Poshmark, an e-commerce app with millions of users across the US, Canada, Australia, and India, has existed since 2011. Unlike other platforms, Poshmark makes it easier for vendors to sell their items by offering a product listing service, taking care of the logistics, and handling payment. They also ensure that buyers are pretty compensated; this is a safer option than selling at flea markets or local meetups.
To sell on Poshmark, you need to create an account which takes only a few seconds. You can further personalize your profile to make it more appealing. You can add a listing for the first time once you have created an account on the platform.
With Poshmark, each listing can include up to 17 photographs—one marked as the “cover image”—and a product description and title. Setting a price is the last step in creating your listing.
After a consumer buys an item from you on Poshmark, the company will send you a confirmation email with a free pre-addressed shipping label. Print and attach it to your merchandise before dropping the package off at UPS. Once a customer accepts your item in the Poshmark app, you will be credited with earnings. If you prefer to receive payment by check, they can mail one; otherwise, there is an option for direct deposit into your bank account.
Bottom Line:
For items under $15, Poshmark charges a flat fee of $2.95. The company takes 20% off each sale on its platform for items above this price point.
Conclusion:
Now that you’ve read our rundown of reputable sites to sell your sneakers, you should have a better idea of where to go and what to do, so keep your eyes peeled the next time you want to sell something. These sites use different methods, but they all get the job done and payout. So if you want to make extra cash with your old sneakers, any of these sites will do.
