Here’s a simple guide to help you price your sneakers ensuring a good payout and fast sale speed.
Understand the Market Value
The first step is to know what your sneakers are generally worth. Market value can fluctuate based on the demand and supply of the shoes. Selling platforms like Stockx and Ebay are a great way to find the market price of your shoes. On these sites you can look at the past sales for products so you base your price off these sales.
Consider the Condition
The condition of your sneakers is crucial in determining their price. Brand new shoes will always cost the most, but other factors are important too, obvious ones like shoe condition but also whether you have the shoe box, as well as any original accessories like spare laces or a hang tag.
Check the Competition
Look at what other resellers are charging for the same or similar sneakers. This doesn’t mean you have to set the exact same price, but it helps to know the price range. If many sellers have the same sneakers at varying prices, aim for a price that’s competitive but still fair based on the market.
Include Additional Costs
When pricing your sneakers, consider additional costs like shipping and marketplace fees from platforms where you might be selling (like eBay or Depop). These costs can be expensive, especially on ebay as they have an insane amount of fees, and you should always factor these in to make sure you will be happy with the total payout.
Adjust Accordingly
After listing your sneakers, be open to adjusting the price based on how the market changes. If they are taking a long time to sell, it could be a sign you are priced too high. On the other hand, if your sneakers sell very fast, you probably priced them too cheaply.