how to get started in the shoe resell business

Video Description

The Sneaker resale business is extremely similar to the real estate business because just like there's equity and appreciation in a house, you can also have it in a shoe as well. Today we've got my friend James Wright & Ray Wilson, owners of Laced Function shoe store. They'll explain all the ups and downs regarding the sneaker resale business. The shoe resale industry is a $2b industry, according to Leaders.com, and growing every year. Inside this video James & Ray will break down how to get started in the business and how they've been able to grow and continue being successful buying and selling sneakers. Their store is located in Hampton, Virginia. 👉Make sure to join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: https://aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48 👉Join my Roundup Discord Community to ask questions LIVE: https://discord.gg/Pr4qRAUyXG 👉NEED FINANCING? Find out if you qualify for up to $250k in Business Credit Lines: https://www.fundandgrow.com/webinar-registration/krishaskins 👉NEED SELLER LEADS? Hire my "GEEK SQUAD" to get you deals: https://go.motivatedleads.com/ppl-1?ref=krish 👉Get the #1 real estate investing software: http://trial.propstreampro.com/kris/ 👉Need a "We Buy Houses" website that's already optimized: https://carrot.com/pricing/?fpr=3685 👉Claim your FREE copy of "The Real Estate Negotiating Bible" FREE download: https://aw8d9fb.aweb.page/p/b73d42ae-fc23-4e9c-a27b-dae95d1b9080 Subscribe: https://youtube.com/@krishaskins/?sub_confirmation=1 | Website: https://therealestateroundup.com/ Watch the NEWEST videos: https://www.youtube.com/playlist?list=PLPPTnLTme9io6LrX4u4RK_3eq3ggEqpEL&playnext=1&index=2 Follow James & Ray Instagram: https://www.instagram.com/lacedfunction_llc/ 1704 Todds Ln Hampton Va *Inside the building beside the ups store Watch More Kris Haskins: Investing: https://www.youtube.com/playlist?list=PLPPTnLTme9irX1o3UEJ8omyCCq5eAKrpr&playnext=1&index=2 Real Estate: https://www.youtube.com/playlist?list=PLPPTnLTme9iqRdCyEkNTCgLkcqengAUxT&playnext=1&index=3 Negotiating: https://www.youtube.com/playlist?list=PLPPTnLTme9iqn5biykyVzIuL2mOsVsUJJ&playnext=1&index=3 Tenant Tales: https://www.youtube.com/playlist?list=PLPPTnLTme9ioecfaT-q8a2rinnzg0K1Gw&playnext=1&index=2 Newest Videos: https://www.youtube.com/playlist?list=PLPPTnLTme9io6LrX4u4RK_3eq3ggEqpEL&playnext=1&index=2 Most Popular: https://www.youtube.com/playlist?list=PLPPTnLTme9ioIRUeIZTv2Y5Gu_ED5QS7f&playnext=1&index=2 About Kris Haskins: Welcome to the official Kris Haskins YouTube channel! On this channel, you’ll find a variety of financial content including vlogs, investments, real estate, and more. Make sure to subscribe and enable ALL notifications! For instant updates, check out the social media accounts below. #vlogs #VIDEOSPECIFIC #VIDEOSPECIFIC #krishaskins 00:00- Intro 3:00 - How they got started in the sneaker resale business 9:25 - They explain what their store "Laced Function" stands for in Hampton, Virginia 11:05 - Why do people buy sneakers on the resale shoe market instead of retail 15:20 - What's the difference between sneaker retail vs resale 19:05 - Why do people buy resale sneakers for such a high price 22:40 - What is shoe equity and how does it work 27:20 - Show us and explain what the Nike Lobster shoe is 31:04 - James explains how to create appreciation with sneakers 38:30 - How they buy shoes and do a sneaker appraisal 45:50 - Explain how he priced the Jordan 1 twist sneaker 48:-30 - What are some of the negatives in the sneaker resale business 53:05 - How to get started in the sneaker resale business and last 56:20 - Explain the mentality of why people look for resale sneakers Follow Kris on Social media: Instagram: https://www.instagram.com/kris.haskins/ Facebook: https://www.facebook.com/kris.haskins.7 Twitter: https://twitter.com/kriz1204