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Flipping streetwear - Tommy Hilfiger, Louis Vuitton, Balenciaga, Nike, Adidas and many other labels for a steal
How would you like to buy a pair of Adidas sneakers and an A Bathing Ape apparel at $229 and then resell it for $1200? Flipping streetwear is lucrative but there are risks too.
If you know how to do it right and take the right decisions, the business of flipping streetwear is a mighty good investment to make. The methodology is simple – grab coveted and branded items when high-fashion stores go for discount sales - buy at a low and sell at a high. There is a resale market out there for sought-after items.
At the heart of this concept is scarcity. If it is hard to get, people will spend any kind of money if they feel that they ought to own that particular offering. This means the ‘investor’ has to know what to buy and do research. Other factors like whether there is a celeb endorsement, is it a limited edition product and brand collaborations matter.
It is not uncommon to make more than $1,000 in profit by reselling coveted sneakers such as Nike Air Foamposite and Air Jordan or the Yeezy Boost line created by American rapper Kanye West for adidas.
Flipping streetwear may sound like a walk in the park but it has its dangers, including being stuck with goods that are unpopular, or having to sell them at a loss to free up capital to be re-invested.