How Profitable Is A Sneaker Reseller Business? (Updated for 2024)

Pat Walls

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Updated: September 14th, 2023

Start A Sneaker Reseller Business

So you want to start a sneaker reseller business?

And the first question that came to your mind was, “Well, is a sneaker reseller business profitable?”

With a market size of $ there’s plenty of business to go around. Especially considering the initial investment is $120K and potential revenue is $54K per year with gross margins being 50%.

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a sneaker reseller business.

Let’s dive in!

Is a sneaker reseller business profitable?

Yes, a sneaker reseller business is generally a profitable one. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since your potential revenue is $54K per year with a gross margin of 50%, you can recover your investment within 60 months or even less.

Of course, it all comes down to how much you earn compared to the potential revenues of your sneaker reseller business.

To determine whether your business is profitable, you should earn more than your expenses within 60 months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your sneaker reseller business is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a sneaker reseller business worth it?

If you’re wondering if a sneaker reseller business is worth it, the answer is a big YES. With these types of businesses, you can earn as much as $54K per year.

Further, you can have your initial investment of $120K back within 60 months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $, it will be possible for you to enjoy a monthly revenue of $2.25K. As such, it’s the type of business you should consider starting.

Of course, you must learn and understand every aspect of running a sneaker reseller business to ensure success. Still, as long as you have the initial investment and can endure 7 months before your actual gains, this business is worth it.

You might even need to get some financing to launch such a business. We have a guide exactly for you on how to finance a sneaker reseller business.

Learn more about starting a sneaker reseller business:

Where to start?

-> How to start a sneaker reseller business?
-> How much does it cost to start a sneaker reseller business?
-> Pros and cons of a sneaker reseller business

Need inspiration?

-> Other sneaker reseller business success stories
-> Examples of established sneaker reseller business
-> Marketing ideas for a sneaker reseller business
-> Sneaker reseller business slogans
-> Sneaker reseller business names

Other resources

-> Sneaker reseller business tips

How much can you make in a sneaker reseller business?

With a sneaker reseller business, you can make as much as $54K per year since it has a gross margin of 50%.

All you need is an initial investment of $120K. Then, with proper knowledge and sustained effort, you can have the ROI (or return of investment) within 60 months.

Generally, a sneaker reseller business can offer you a monthly profit of $2.25K since you’re catering to a market size of $. But, of course, this size varies depending on your area of choice.

How much does a sneaker reseller business make a week?

The weekly profit for a sneaker reseller business ranges around $562. As such, you can enjoy a monthly profit of $2.25K.

To know if your sneaker reseller business achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your sneaker reseller business.

How much does a sneaker reseller business owner make?

The income of a sneaker reseller business owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly salary of the owner of an established sneaker reseller business is about $562. But it can also be 80% lower or higher depending on so many factors it's almost impossible to say exactly.

While the potential for earning a good income as a sneaker reseller business owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Sneaker reseller business profit margins

Generally speaking, sneaker reseller business makes a profit margin of around 50%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a sneaker reseller business, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, sneaker reseller business owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, sneaker reseller business owners can ensure long-term sustainability and profitability for their business.

Sneaker reseller business owner salary

The salary of a sneaker reseller business owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established sneaker reseller business, in a prime position, might see an average weekly salary around the ballpark of $562.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, a sneaker reseller business is quite promising if you plan on starting such. With a market size of $, you can enjoy a potential revenue of around $54K per year with a gross margin of 50%.

Considering this information, you can enjoy a return of investment within 60 months, especially if you have a monthly profit of $2.25K. Overall, the success of your sneaker reseller business also depends on your effort and knowledge about it. If you persevere with these things, you can ensure that this sneaker reseller business is profitable.

Make sure you have a proper sneaker reseller business plan and know how to get clients for your sneaker reseller business.

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Starting A Sneaker Reseller Business: Everything You Need To Know

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