Sneaker reselling has become one of the fastest-growing areas of e-commerce and will reach a $95 billion market by 2025. However, as an individual, it is difficult to keep track of market movements and current demand for specific brands and products.
In our article, we will show you how to use BrickRadar's Sneaker Algorithm uses data and market trends to make data-driven decisions for the most effective sneaker reselling.
In case you don't know it yet: Sneaker reselling is a new e-commerce business where you buy shoes from the top brands that have limited availability but are in high demand, and then resell them for a hefty profit.
The most experienced resellers can make up to $10,000 profit per month, as the shoe market is incredibly dynamic.
According to Quora, there are more than 266 shoe brands in the world, most of them with over a hundred different types of products. The secret to making a profit in this sector is to identify the shoes that are potential bricks - aka top brand products that have limited availability but are in high demand. Your buying decisions will heavily influence your profit-making capabilities, so an educated guess will not be enough.
You need to keep track of all the sneaker brands and their products, at the color and size level, because otherwise, you will miss out on the best deals. That's at least hundreds of thousands of data points you need to check every single day - a seemingly impossible task.
Artificial intelligence has evolved tremendously in recent years, and one of the most prominent drivers is e-commerce, where data-driven decisions are essential.
This is no different in the field of sneaker reselling, where, as you can see from the previous paragraph, it would be impossible to register all changes on your own.
However, BrickRadar's Sneaker Algorithm and machine learning solution looks at the entire market every day, taking into account the brand, type, usage, color, and size of the shoes. And based on the collected data, it makes recommendations on which sneakers are currently worth buying, as they are or will be in significant demand in the near future.
By analyzing sales data and trends, BrickRadar's Sneaker Algorithm generates daily recommendations that help you make more money with less effort. Members of the BrickRadar community will be able to earn thousands of dollars per month without spending hundreds of hours researching which sneakers to buy and on which site to make a profit.
BrickRadar makes reselling sneakers almost a passive income stream - you still have to buy and sell the products yourself. At the same time you have all the market knowledge at your disposal:
Do you want to get instant access to relevant data specific to the sneaker resell market? Are you interested in organized data to base your decisions on? BrickRadar is used by hundreds of sneaker resellers to boost their profit. Click on here and become a BrickRadar member today!