“I am extremely grateful that I have been able to turn something I love into a successful business,” Zach Berkowitz said.
A self-described “sneaker geek” has made a career flipping coveted footwear, swearing by 10 pairs to ensure a hefty profit margin in the resale market.
“Sneakers are an interesting asset class because supply decreases over time as some of the shoes are worn, creating a scarcity effect that results in increasing prices as years go by after a release,”Sought-after sneakers can be resold for hundreds — or even thousands — if sellers have the right color, style and size.Berkowitz, who owns his own shoe resale company, High Fidelity, has made a career of flipping kicks.That is, only if you snag the right pair.
Nike is his top pick for turning a profit. He credits the brand’s “long history in the sneaker industry, as the market today is highly amenable to classic/retro styles.” “Often the bigger the size, the more [the trainers] will be worth, as there is more demand and a short supply in the most common larger sizes,” he reasoned.
In November 2022, Air Jordan re-released The Chicago, retailing the shoe for $180. For the lucky few who got their hands — and feet — on a pair, they could be sold now for upwards of $450, Berkowitz said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Zach Unsuccessfully 'Begged & Pleaded' for During 'The Bachelor'The tech executive told ET why his request to production was ultimately denied.
Read more »
Bachelor’s Kat Details Zach Split, Jesse Palmer Admits He Thought She'd WinKat Izzo exclusively opened up to Us about being 'blindsided' by her Bachelor exit — and Jesse Palmer shared why HE thought Kat was going to be The One for Zach Shallcross. 🌹
Read more »
Bachelor's Brooklyn: 'I Did Feel Truly Blindsided' by Zach Eliminating MeBrooklyn Willie was sent home by Zach Shallcross on the Monday, March 6, episode of TheBachelor — and she didn’t see the breakup coming.
Read more »
Nick Viall Says Zach Doesn't Show 'An Ounce of Empathy' on 'The Bachelor'Nick Viall isn’t afraid to be critical of TheBachelor Zach Shallcross and how the season 27 star is navigating his contestants’ feelings.
Read more »
How to watch ‘The Bachelor’ tonight (3/6/23): FREE live stream, time, channel'The Bachelor' Zach Shallcross and the remaining seven women travel to Budapest, Hungary.
Read more »
Being hot is not enough on The BachelorZach kindly requests that you stop bumming him out.
Read more »