118. How I Make $650K/Year Reselling Sneakers!

The UpFlip Podcast

Nicolas Malonga has cracked the code on reselling sneakers online and makes $650K per year. In this episode, Nick shares how he went from reselling used sneakers on OfferUp and Facebook groups to making a fortune selling new Nike’s on Amazon and Instagram. We dig into how he got started and what you can do to start your sneaker flipping business with little to no cash.

Key Takeaways

1. Start as a side hustle but treat it like the big business you’re trying to grow it into. You’re not going to have full time income initially but if you sell and reinvest you will get there.
2. Early on find a mentor or a group you can join to talk to other people doing this. It will help you to avoid common mistakes and you’ll feel more supported.
3. Nick shares the best places to find used sneakers, how he started flipping them, and where he now buys new shoes and the platforms that work the best.

Resources:

• UpFlip Courses: https://www.upflip.com/courses/business
• UpFlip Academy: https://www.upflip.com/membership
• Connect with Nicolas: https://www.instagram.com/sniperkicks32/

Connect with UpFlip:

• On Facebook
• On Instagram
• On Youtube
• @UpFlipOfficial on Twitter

For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts.

Thanks for listening!

Kapitel

1. 118. How I Make $650K/Year Reselling Sneakers! (00:00:00)

2. Backstory (00:00:49)

3. Flipping used sneakers (00:04:53)

4. Profit Margins (00:07:35)

5. Inventory (00:10:37)

6. Business Segment (00:12:07)

7. How saturated is the market (00:12:32)

8. Brand recognition (00:14:25)

9. Marketing (00:15:40)

10. Fan Blitz Questions (00:17:03)

11. Scaling from side hustle to full time (00:21:08)

12. Family involvement (00:22:21)

13. Team (00:23:18)

14. Spotting fakes (00:24:17)

15. Takeaways (00:25:29)