StockX offers a dedicated space for selling shoes for profit, but dealing with shoes online can still prove to be challenging for many, especially new sellers.
For example, if you want to sell your old sneakers, you may be puzzled as to where to sell them at the best price with so many resale platforms available.
Out of all of them, StockX is one of the most reliable resale marketplaces. The platform offers a clear and straightforward system where sellers and buyers do not have to worry about trading counterfeit sneakers.
So how do you start selling sneakers on StockX? As a first-time seller, you may have numerous concerns, especially about pricing and how to sell your sneakers.
This guide is all about those questions. By the time you finish reading this guide, you will be able to list, price, and sell your sneakers easily for the maximum profit. So, let’s begin!
All About StockX’s Operations
Now, how does StockX work? Unlike competing platforms, StockX is different since it works like a stock market.
Instead of direct sales, sellers set a minimum asking price, while buyers state a maximum bid they are willing to pay. Only when both match does the transaction go through.
One of the many things that set StockX apart, and consequently make it popular, is the related verification system.
As soon as a sale is completed, the seller sends the shoes to StockX for verification.
Their experts verify the provided information and check whether the shoes are real and if they meet the quality requirements.
Provided everything checks out, StockX then sends the shoes to the buyer. In the case the shoes do not pass authentication, they are sent back to the seller.
This creates a good level of trust for both buyers and sellers, which makes the selling experience seamless and less worrisome in terms of fraud.
Step 1: Creating Your StockX Account
Can you sell on StockX without an account? Not really, but creating one is very easy.
You can set an account with your email address, or through Google and Facebook.
After you register, you will want to fill in your profile. This involves entering your payment information and confirming your identity if need be.
Before listing your shoes, it is wise to familiarize yourself with the platform. Browse through the sneaker listings that are like yours, analyze their prices, and study how other sellers showcase their items.
This will assist you in understanding the market and what buyers anticipate from the sellers. Having ample knowledge will increase your likelihood of making that sale.
Step 2: Preparing Your Shoes for Sale
Are your shoes ready for sale? Before listing them, you must ensure that they pass StockX’s criteria.
The platform only accepts shoes that are “deadstock.” This denotes that the item is unused, comes in its original box, is unworn, and has never been used.
If your sneakers have been stored for a long time, examine them thoroughly.
Ensure there are no stains, marks, or scuffs, and even check for factory defects.
If the shoe is dirty, use a sneaker-safe cleaner to wash it. While packaging the shoes, make sure they are kept safely in the original box and that all the extras like tags and extra laces are included.
Your chances of selling the shoes can increase if you take quality pictures. While StockX does not require images, having them may facilitate a sale if the buyer requests verification.
Serious buyers will always appreciate well-structured offers, and this makes selling your shoes simpler.
Step 3: Listing Your Shoes on StockX
How do you list shoes for sale? Begin with checking the stock page for your desired sneaker model.
Enter the size you want to search for and you will get sales history on the shoes.
The platform will provide you with sales information like the last time the pair was sold at the lowest ask price and highest bid price. You can now use that information to price your item.
Be sure to set a realistic asking price. Setting the amount too high means that your shoes may not sell for a long time, while setting it too low means that you will not earn the desired profit.
It is essential to find a balance, and a good method to do so is to check how other sellers of the same model price their shoes and gradually edit yours to match.
Listing your shoes for sale on StockX is easy as the platform allows for quick sales.
Once your ask price is set, the system automatically searches for buyers who have placed bids that match your ask price.
Payment is already in escrow, which means you don’t have to talk to any buyers. StockX simplifies the entire process of selling shoes.
Step 4: Understanding the Bid/Ask System
What is the purpose of estimating prices? In the case of StockX, the prices and supply height are crucial in selling a product fast, so to these factors must be considered when setting prices for shoes.
If you are looking to sell fast, I suggest you put your offer at the same level or just below the lowest standing offer.
Using StockX does come with benefits like getting information on past sales and new sneaker releases so you can forecast the right price to set.
A number of sneaker models appreciate in value over the years, while some others always depreciate in value.
Keeping track of these trends will help you make better decisions toward proper pricing.
Another strategy is to track how a model’s price changes over the day or week.
If you see an increase in demand for a certain model, you may be able to adjust your asking price to make a bigger profit.
Step 5: How to Ship Your Shoes To StockX
What do you do after your shoes are sold? StockX will issue you a shipping label. You have two business days to ship your shoes off, and you must do so if you want to get them verified.
Shoes need to be properly packaged for shipment. Ensure that the box you use is strong enough to withstand transit so that the shoes do not get damaged.
You will need to place the original shoebox in another shipping box and use protective materials such as bubble wrap or packing paper.
Make sure that the StockX shipping label is placed correctly on the box so that there are no hold-ups.
A delay in shipment or improper packaging can result in issues with your sale. If your shoes get to StockX damaged or late, they may return your shoes and that would negatively impact your seller rating.
Following all the shipping instructions correctly makes the process a lot easier and guarantees that you will receive payment on time.
Step 6: How to Receive Payment for Your Sales
What is the timeframe for receiving payments? Your payment is made after StockX verifies the authenticity of your shoes. StockX has multiple payment options like direct deposits and PayPal accounts.
It is worth noting that StockX does have seller fees. These costs vary based on your seller rank and geographical region.
Ensure that you understand how fees work on StockX before trying to sell your shoes to know what amount you will be left with after your payment.
Payments are made after processing them, and the amount is reflected in your balance within a couple of business days. Make sure to monitor your expenses and guarantee that you fulfill all criteria to eliminate any payment holdups.
Advice for Increasing Profits
Seek to earn more money from sneaker sales? Here are a few suggestions:
Keep track of sneaker market changes. Sneakers that are limited in their edition usually appreciate in price after some time. Following market trends is helpful to know the optimal moment to sell.
Check other markets for price variations. Other marketplaces like eBay and GOAT sometimes offer higher prices for certain shoe designs. Crosschecking various marketplaces guarantees you maximize your profits.
Exercise some restraint with expensive sneakers. These tend to sell less frequently, but their price might be worth the wait if the right buyer is found.
How to Improve Your StockX Reputation
Building a reputation that earns trust takes time. Credibility can be gained by completing transactions on StockX and earning good seller ratings, helping you earn sales faster in the future.
Common Mistakes to Avoid
There are common mistakes many beginners make when selling on StockX that users should be cautious about.
Selling previously worn or damaged shoes. StockX deals with deadstock items only. Because of this, even small imperfections can lead to rejection.
Ignoring market trends. If shoes are sold at the wrong time or if there is an unrealistic price attached to the shoes, they might not sell for many months.
Taking too long to ship. Shoes should be shipped within two days of the sale. StockX has a fine for delays and canceling sales for late deliveries.
Bad packaging. Damaged shoes due to poor packaging may fail the authentication process, meaning no profit can be earned from those shoes.
Conclusion
StockX is a useful platform for selling shoes because of the profits that can be made, but careful planning is necessary.
Comprehending the functions of the platform, pricing shoes accurately, and abiding by shipping rules can significantly improve the sales and profits earned.
Do you have sneakers collecting dust in your room? Start selling and turn them into money!