- Ethan "Moose" Read says he made $225,000 reselling sneakers last year.
- He sells sneakers through his website, Moosetraxshop.com, and his social media accounts, as well as at various sneaker events. He also said he occasionally uses the SneakerCon app.
- Read stays away from StockX and GOAT, two leading resale marketplace, for a few reasons.
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For most sneakerheads, resale marketplaces are a must.
GOAT and StockX, which bills itself as a stock market for sneakers and has been valued at $1 billion, are two of the most popular online resale marketplaces for the sneaker community. Both sites act as middlemen between buyers and sellers, authenticating the shoes and charging various fees for transactions.
But as the global sneaker resale market continues to grow, some sneakerheads are turning to cheaper alternatives to make the most of an industry that a recent Cowen & Co. analysis estimated could be worth $6 billion globally by 2025. To keep up with the competition, eBay just eliminated its 10% fee for North American sneaker sellers on items over $100.
To be sure, many sneakerheads recommend StockX and GOAT as resources for following trends in the sneaker market. Business Insider recently spoke to a sneakerhead who said his fleet of four stores earned $6.9 million in sales last year, and he recommended that novice sellers use these websites to get familiar with the industry.
But some sellers are staying away from the marketplace when it comes to sales. Ethan "Moose" Read is a successful sneaker reseller who avoids selling on marketplaces like StockX and GOAT. He says he made $225,000 reselling sneakers last year through his website Moosetraxshop.com, his social media accounts, and at various sneaker events, as well as through the SneakerCon app.
"I'm not trying to take shots anywhere at StockX," Read said. "But at the same time it's like, we want to have our clientele, the people that come shop with us consistently, not selling on that app."
Here are the three main reasons Read says he stays away from resale marketplaces like StockX and GOAT.