Micro Business Opportunity: Sneaker Arbitrage Side Hustle

In this presentation we cover selling on eBay as a side hustle, giving you tips and tricks on how to start a sneaker reselling business for beginners, buying and selling shoes and sneakers on eBay.

We offer a step by step business model and a full cash flow spreadsheet in Google Sheets to kickstart your entrepreneurial journey.

We cover:

* Exactly how it works, step-by-step
* How to start
* Some of the risks involved
* How to scale it bigger and bigger
* We take you through a spreadsheet I’ve put together showing you in detail how you can end up, conservatively, making $2,500 to $5,000 extra income in the next 12 months using this method

We're releasing a series of videos and presentations on the best side income business ideas, side hustles you can start for extra money on the side of your regular job. Check-out the links in the presentation.

Transcript

1. Sneaker pimps Side Hustle: Store vs eBay $$$ arbitrage
2. Hat-tip to: @CJ_Johnson17th (click to view tweet)
3. How does it work?
4. 1. Go to stores with name brand discount racks 2. Look-up prices of discounted items on ebay 3. If good $$$ gap, buy them 4. List on ebay 5. Return those you don’t sell within ~14 days
5. Start-up costs?
6. • Enough to buy 2-3 key items • Discount sneakers, ~$50 a pop x 3 = $150
7. Margins?
8. • for example: • $90 on ebay • $70 in store (discounted) • = $20 margin • ~28.5% • $150 to spend • 28.5% x $150 = ~$43 each time round
9. ⏳ Time investment?
10. • 2 hour shopping trip (buying & returning) • 1 hour listing/selling on ebay • 2 hours packing/posting
11. ☢ risks?
12. • Don’t sell an item.. ◦ Return it! • eBay Customer return.. ◦ Relist it ◦ Return it! • Customer fraud.. ◦ Report it ◦ Factor into your margins
13. Worked example:
14. How could you scale this?
15. 1. Outsource ebay listing 2. Outsource packing & posting 3. Do more buying trips 4. Price to move 5. Source better deals & higher margin opportunities
16. Get A copy of the Spreadsheet: rebrand.ly/nw-snk