If you clicked on this post and thought that I may have performed a magic trick — keep reading. Unfortunately, their wont be any mentions of “Abracadabra” or pulling rabbits from a top hat, but there is the fact that I seamlessly turned $30 into $100 in a week without breaking a sweat!
What’s the secret? Well, if you have not caught on by now, I am a HUGE fan of secondhand shopping and even better, reselling on social platforms like Poshmark and eBay. For this post, I will be focusing on how I successfully flipped a pair of brand new Allen Iverson’s into cash after stumbling across them at the thrift store a few weeks ago.
A little tip about your girl is that I AM NOT A SNEAKER HEAD. I literally know nothing about sneaker trends, styles, color way, anything that the cool kids are wearing on their feet these days. However, when I saw this particular pair of shoes, that little voice in my head said, “What ARE those?!”. Turns out they were a unicorn find of Reebok Classics Collaboration with Allen Iverson x Melody Ehsani, Question Mid X. Originally released in 2016 — a collaboration with designer-retailer Melody Ehsani that nods to his rebellious spirit are exclusively made for women. Props Allen!
After pulling a quick poll on my Instagram Stories, I reached out to the reselling community and friends to survey if I should keep or pass (with the idea that I would sell) After a bit of conversation, I decided to pull the trigger and purchase despite some friends expressing their opinions and declared how ugly they were, out of style, and just plain “wack” (lol).
That evening, I decided to do some more research on these shoes, because at this point I am obsessed with these shoes (naturally). And to my surprise, they were:
1. A RARE find. It was a bit difficult to find comparisons with similar items sold in this color way.
2. The profit margins were everywhere! Sold shoes in new condition ranged from $90-$130.
With that in mind, I decided to hedge my bets and go to Poshmark & eBay to list these babies! My heart was racing as I took the photos. In my best effort to capture the perfect lighting, and angle. I finally selected 8 of the best pictures and posted my listing with a starting price of $125 (to allow for wiggle room to land the price I want).
I waited eagerly staring at the screen for a new notification with an offer from a buyer, any buyer, I couldn’t wait to flip these puppies! After about 2 days of being listed, offers started to roll in. LOW BALL offers (drat!) (eye roll) (scuff). I politely counter offered to those users (I don’t believe in declining any offer) who turns away from money!? Not me!
A few more days rolled by and I am still just as bright-eyed as Day 1. And there it was an offer from a buyer for $100. I didn’t want to accept it right away and seem to eager or thirsty. After about 5 minutes (so patient, right?) I couldn’t take the anticipation anymore and hit accept. It was done! And to think, just few days before, I was purchasing these shoes for just $30 and was able to flip them for nearly 4x the amount.
After this flip, things shifted in the thrift universe for me as I began to experience a lucky streak by finding brands that I’ve had on my wish list for months. Pieces that are quality and in demand brands to resell! There is definitely a lesson here— you can find creative ways to make money to use as disposable income or to support yourself as long as you are willing to do the work to make it happen!
Want to check out my Poshmark closet and shop my other thrifty finds? Click here to shop!
What are you side hustles that make you quick dough? Leave a comment below!