#1522 - Student Makes Selling Sneakers Look Yeezy
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 2 March 2021
⏱️ 8 minutes
🧾️ Download transcript
Summary
When a business student converses with a sneakerhead, they form an all-star pair to sell rare footwear.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
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Transcript
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| 0:00.0 | Hey everybody what's up welcome to Sad Usall School. So so glad you're here. My name is Chris |
| 0:09.6 | Gellbo. This is episode 1500 and 221522 coming to you on the second of March 2021. Of course |
| 0:17.5 | you could be listening at some point in the future and this episode is still relevant. Try to keep |
| 0:21.7 | 80% of what we do evergreen helpful to you in your quest to create a new source of income no matter |
| 0:27.3 | where you're listening from no matter what point in time you're listening and no matter what you're |
| 0:31.4 | up to. The team and I make this show for busy people who despite being busy still want to invest in |
| 0:36.9 | themselves so that they have more options for their future. That's what it's all about. Today we're |
| 0:40.8 | going to talk about the business of footwear. Footwear as in sneakers as in sneaker reselling. When |
| 0:47.4 | a business student converses with a sneaker head they form an all-star pair to sell rare footwear. |
| 0:52.9 | In any case the business is on track to earn $100,000 in profit this year. That's right there. It's |
| 0:58.4 | gold in those sneakers. It is a global business of $6 billion and when I say a global business I'm |
| 1:05.0 | not talking about the sneaker business. I'm talking about the sneaker reselling business. I think |
| 1:09.1 | the actual sneaker business is $100 billion or something but just the reselling portion, $6 billion |
| 1:15.0 | and of course the sneaker companies themselves footwear brands they're in an interesting position |
| 1:21.1 | because if they wanted to they could control or cut down on more of this aftermarket selling |
| 1:26.4 | but in a way they actually encourage it because they benefit from the prestige of certain brands. |
| 1:31.3 | The exclusivity they produce really limited numbers of certain lines which leads to them becoming |
| 1:36.6 | luxuries or highly desirable products. Those brands those companies are actually walking kind of |
| 1:41.3 | a fine line and as a consequence a lot of resellers are doing really well. We'll look at how this |
| 1:46.9 | student in Europe working together with his friend makes selling sneakers look easy. |
| 1:53.0 | Alright that story's coming up after this quick message from our sponsor. |
| 2:02.2 | Sebastian Ringelstetter studying business at university and he decided to actually start a business |
... |
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