Amazing video as usual, keep up the fantastic content, truly inspirational, your videos always make my day, thanks very much, keep up the positive vibes !!!
Am not sure what the main point of this video was but congrats on your success hope u have good prices on your shoes it’s not always about the money but customer satisfaction 🤙🏻
@@gallardoy9211 wow thanks now I’m more proud of bro than annoyed like the guy who brought me here. Had me thinking dude was a dickhead . He’s really not.
Don’t understand the purpose of this video, also when you said you made $40-$50 on a pair of dunks, that’s because where you are at you don’t have to pay the sales tax. Most states does have sales tax and there would be barely any profit. Take this video as entertainment purpose.
I noticed when you’re looking up the sell prices on StockX for whatever shoes you have you’re not taking into account their fees that would drastically impact your profit right?
exactly and that's related to both sides - buying / selling fees so the profit difference is very little. he might have reduced fees but don't think he doesn't have to pay them at all.
This method only works if you live in a state with no sales tax or a very low sales tax. Also even if you buy from stockx with no tax your margins are still low. For example. If you purchased a shoe for $165 + $14 shipping = $179. Then market goes up to $220. You will have to sell it locally or sell it back to stockx. After fees you end up getting around $190. It's not worth the buy
@@trump6429 did I say he does? Most people don't know how to consign. So that means most will sell on stockx. Leaving poor margins. Also consigning is only going to give you 5-15% more profit. That's still not a good return on investment if you pay sales tax. Then you also have to keep in mind paying taxes at the end of the year. Consignment shops also send out 1099s.
@@Louie_Vision lol, consignment is the way urban necessities take I believe 10 percent. Ima drop off a collection soon! Hopefully they sell it within 2 week-1month
Question 🙋♂️. Do you check authenticity when you purchase from StockX? There has been a lot of controversy about their authentication process. Have you ever received a fake from StockX?
the contreversy is js nike fueling the fire. stockx has pretty identical authentication to goat and recieving a fake from anybody else is just ad bad. stockx just has shit customer sservice
For everyone confused- It appears he bought shoes that are close to being sold out in the hope market price will rise due to demand but no supply. Therefore with him holding that supply he can make a good buck putting them back on the market when it dries up. Honestly, really good idea just involves a TON of capital as you can see with all then shoes. Gl man
You said you bought the Archeo dunk for 166.90 and you can sell on Stock X for $203. Minus fees & shipping it's not a $40-50 profit, more like $10-20 depending on your Stock X rating level.
So buying shoes for 100-150 it's OK to only make 50-80 bucks? I feel if u pay 80 u should make 80 150 150 profit its a investment more then a get rich thing is what I see from 50 videos I watched
@@celticsfaninthedesert4778 that's smart. He's living rent free. He is stacking his bread. Plus he has shown wire transfer that have been over 100k. Do your research before you talk.
@@Nickyb40 I’ve bought several pairs on stockx I personally legit check them and than cut the tag in order to make my sale . It’s not a scam it’s only smarter for us investor looking to secure more pairs for the Low/ .
@sneakerinvest when you are showing the Syracuse dunk high price on StockX you have a pair of Jordan 1s in your hand hopefully they didn’t mix up your order 😮 Great video otherwise 👌👌
Pretty sure he was comparing them to the Syracuse dunks because they look alike basing the price to hit 250 when they’re 170 rn he knows he was carrying the 1 mids
Bro I thought u were gonna show how u bought a bunch of jordan 1s. Like the unc and the hyper royal and mocha. Your kind of late dude every store has a big selection of dunks.
