If you’re on the lookout for some spare money proper now, the contents of your shoe cabinet could possibly assist.
Young individuals have already caught onto this, with round one in seven (13%) 18 to 34-year-olds saying they’ve resold trainers, whereas a couple of in 10 (11%) view shopping for trainers as an “investment”, in line with new analysis.
Not solely this, however 11% of younger adults declare to have 16 or extra pairs, in line with specialist insurer Hiscox (hiscoxgroup.com).
Andrew Cheney, chief threat and valuation adviser at Hiscox, says: “While trainers have long been collectables, the rise of online buying and selling sites has opened a whole new market for trading in valuable trainers – particularly for younger adults.”
He provides: “It’s often now as much about buying trainers as an investment, rather than using them for sport and exercise – in fact, only 21% say they use their trainers for keeping fit.”
Given how highly-prized some trainers are, Hiscox says it’s a priority that three-quarters (75%) of these surveyed don’t consider their trainers are insured for theft or property injury.
Cheney provides: “Those spending significant amounts on trainers should be sure to check their household insurance cover, and, if necessary, consider additional or specialist cover to protect themselves from all that value running out of the door.”
Tips for promoting your trainers…
Wahaaj Shabbir, sneaker class supervisor at eBay UK (ebay.co.uk), says: “Keywords are important to ensure your sneakers are seen on the platform.
“Make positive you element and write your itemizing as precisely as attainable, utilizing the fitting mannequin and model names. Pictures are tremendous necessary too – taking pictures towards a impartial or white background will assist showcase them in the very best gentle.
“Of course, the demand for pristine new sneakers is excessive, however there may be additionally an enormous demand for used sneakers – they don’t at all times must be field recent!
“However, if you’re reselling pre-loved sneakers, it’s greatest to be sincere about any put on and tear – particularly if you happen to can’t see it within the pictures – to assist consumers resolve in case your merchandise is for them.
He recommends being life like together with your pricing, evaluating it to comparable listings to get a way of the vary.
Shabbir provides: “We’re seeing a lot of hype across all brands with new collaborations and models dropping regularly, but Nike Dunks, Yeezy Boosts and Air Jordans have been especially popular on eBay over the last year.”