Collecting shoes isn't the exclusive domain of Carrie Bradshaw. Thanks to sneakerhead culture and a booming sneaker resale market, limited edition sneakers for both men and women are now raking in lots of cash.
One common practice now is to flip new, unworn shoes-to turn a huge profit that makes that pair of kicks more lucrative than most financial instruments.
CAN YOU REALLY MAKE MONEY BY SELLING SNEAKERS?
When people flip sneakers, what they are really doing is buying exclusive models at retail price, waiting until the supply of the shoes dwindles, and then reselling them, again usually online, at a much higher price.
Or, they have the knowledge to buy shoes with celebrity power and legacy at retail price within the range of hundreds, and re-sell them on sites like eBay in the range of thousands immediately.
Here are some of the top selling sneakers of mid 2018 in terms of returns:
-Nike Air Jordon Retro 1 Off-White: Chicago, UNC, White
-Justin Timberlake Nike Air Jordan 3 Superbowl
-Chuck Taylor Converse x Off-White
-Adidas x Pharrell Human Race "Holi": Black Canvas, Pink Glow, Black
-Nike Air Jordan 1 NRG Metallic Gold
-Adidas NMD Black Leather Sneakers
WHAT MAKES AN INVESTMENT GRADE PAIR OF SNEAKERS
In order to successfully invest in sneakers, you will need to keep abreast of the latest sneaker trends and keep tabs on release dates so you can grab limited shoes once they're released.