He says: “Ever since I started a new family, I have been trying to find other ways to make a living. “I felt like I understood the nature of sneakerhead and streetwear enough to be able to sell things and resell them at a higher price compared to stocks, because I don’t know much about marketing. This is my type of stock.”
Patel re-entered the shoe retail industry, in late 2016 when he was a junior in college. At the time, she was teaching and making $ 10 an hour. He worked for three weeks to save enough money to buy a pair of shoes he could convert — some of the Adidas Ultraboost he allegedly earned for less than $ 200 and his friend helped him sell another $ 275. “That’s probably why I was attracted,” Patel says. “It was not quick cash, but it was really nice to get that much money for just one shoe.”
With the benefit from the two Ultraboosts, Patel turned the shoes one by one up to two at a time, and so on. A few years later, he still sells shoes along with other items such as sportswear and art cards. The day before I was to speak with her for the first time, she bought a pair of shoes “north of 300 pears” wearing them. Yeezy Day, between 6 a.m. and 10 p.m., a reduction of about $ 100,000. “I was so tired,” she says.
Perfect Side Hustle or Moral Dilemma?
While spending $ 100,000 on shoes alone with the intention of reselling them makes it harder for people to buy a pair at a fair market price, there is a positive side to retail sales – built on social norms and values. companies make their own.
“If it’s an important thing, I don’t think it’s worth selling and reselling it,” Patel says. “I know some people who had Walmart records to buy toilet paper at the beginning of the epidemic when it was hard to find. I personally have a problem with this kind of thing and I would not be happy about it. let him live.
“Although, if you tell me you want a PlayStation to live, I’ll be very skeptical. That’s when I draw the line.
Since reselling in 2016, Patel claims to have made more than $ 750,000. His entry into the industry would not have come at a better time. After graduating from college in 2017 he was able to pay 95 per cent of his living expenses as well as a master’s degree in re-selling. Then, in 2019, she had to go to the hospital for a second operation on her kidneys. Although the entire bill was in the low six figures, it is estimated that the insurer only took about 70 percent of its value and resold the rest. He said: “I have no doubt that my mother would have wanted to pay me back. But just saying ‘Don’t worry, I can hide’ also made her nervous … it was probably the best part. If it were not for the sale, there would be no way I could hide it. ”
Looking to the Future
The reality of the retail industry is that the manufacturers and sellers are still paid, leaving the buyer to choose whether they pay the fixed price or go without the item. While much of the frustration with re-sales has been applied to sellers and bots, others have also been placed on sellers, who often do not go public with information about what they are doing to curb botting or reduce sellers. For consumers, most of the time they see the reCAPTCHA machine, but there seems to be more to it than that.
“Vendors, by and large, are working hard to ensure that the legitimate buyer – their client – can buy from them,” says Patrick Sullivan, CTO of Security Strategy for Akamai, a global online security and edge company. “It’s not with the careless attitude of ‘We don’t care who gets this – if it’s a bot user who writes a price that we don’t care about.’ There is a legitimate concern for many retailers. People are working hard to test and prevent bots from destroying all that is stored. ”