The UpFlip Podcast

118. How I Make $650K/Year Reselling Sneakers!

Apr 8, 2024

Nicolas Malonga, a successful sneaker reseller who makes $650K monthly, shares insights on starting a sneaker flipping business with little cash, finding mentors, and best places to buy new shoes. He discusses the importance of treating your hustle like a big business, efficient inventory management, and spotting fake sneakers. Learn about his journey from reselling used sneakers online to making a fortune selling new Nike’s on Amazon and Instagram.

27:37

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Episode guests

Nicolas Malonga

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Episode notes

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Quick takeaways

Start your sneaker reselling business as a side hustle but treat it seriously for future growth.

Find a mentor or group for advice and support to avoid common mistakes in sneaker flipping business.

Recognize the significance of brand building and authentic content creation for scaling a sneaker reselling business.

Deep dives

Starting a Sneaker Reselling Business and Overcoming Challenges

Nicholas Malanga shares his journey from a basketball injury that derailed his athletic dreams to discovering sneaker reselling as a way to provide for his family. With determination and intentionality, Nick transitioned from reselling used sneakers on OfferUp to dealing in new sneakers from major retailers like Foot Locker and JD Sports. Balancing family responsibilities during tough times, he leveraged the Last Dance documentary's popularity to boost sales and emphasizes the importance of consistency and perseverance in entrepreneurship.

Introduction

2min

The Journey of a Sneaker Flipper

9min

Efficient Inventory Management and Customer Service in Sneaker Reselling Business

2min

Scaling a Sneaker Reselling Business

12min

Spotting Fake Sneakers and Business Advice

3min

Nicolas Malonga has cracked the code on reselling sneakers online and makes $650K per year. In this episode, Nick shares how he went from reselling used sneakers on OfferUp and Facebook groups to making a fortune selling new Nike’s on Amazon and Instagram. We dig into how he got started and what you can do to start your sneaker flipping business with little to no cash.

Key Takeaways

Start as a side hustle but treat it like the big business you’re trying to grow it into. You’re not going to have full time income initially but if you sell and reinvest you will get there.
Early on find a mentor or a group you can join to talk to other people doing this. It will help you to avoid common mistakes and you’ll feel more supported.
Nick shares the best places to find used sneakers, how he started flipping them, and where he now buys new shoes and the platforms that work the best.

Resources:

UpFlip Academy: https://bit.ly/4hka2rt
Connect with Nicolas: https://www.instagram.com/sniperkicks32/

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For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts.

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The UpFlip Podcast

118. How I Make $650K/Year Reselling Sneakers!

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Starting a Sneaker Reselling Business and Overcoming Challenges

Strategies for Reselling Sneakers and Scaling the Business

Building Brand Recognition and Marketing Strategies

Navigating the Sneaker Reselling Industry and Ensuring Authenticity

Key Advice for Aspiring Sneaker Resellers and Business Growth

Remember Everything You Learn from Podcasts