With the recent decline in sneakers on the aftermarket, resellers have to wonder whether or not the sneaker market is dying. The short and simple answer to this question is no, the sneaker market is not dying. It’s really not even slowing down much.
The market is in somewhat of a dip at the time of writing this but some are even just saying that it’s returning to pre-pandemic levels.
To go more in-depth with the answer, you must analyze why the sneaker market isn’t dying. What factors are keeping the sneaker market moving in a positive direction and continuing to grow as a multi-billion dollar industry?
Juiced IO members know what’s keeping the market alive and which sneakers specifically to go after. Buying the right sneakers in a dip is just like buying the right stocks in a dip. When the market goes up, you’ll see an exponential return in your money.
If you’re not already a member of Juiced IO but you want to cash in on your investments further down the road when the market bounces up again, you can join and get exclusive access to all of their channels. Not only will you make money reselling sneakers but you’ll find a ton of other profitable items to flip as well.
Going back to the factors that prove how the sneaker market is alive and well, you have to look at what the market recently went through and what you can see now.
Sneaker market was on steroids
During the pandemic, just like many other things the sneaker market was at an all time high. Sneakers were selling for tons of money and they didn’t even have to be in demand or hyped to do so.
It would be foolish of anyone to think that this would last forever. Inevitably, what goes up must come down and the sneaker market has come down closer to where it was pre-pandemic in prices.
More sneakers are being released
It’s one thing if fewer sneakers were being released and people were worried that popular sneakers, in general, would be less common, but what’s happening now is the opposite.
More sneakers than ever are being released and keeping more people involved in the sneaker community. By doing this, it keeps more money in the sneaker market and keeps it thriving.
Even if fewer sneakers were being released we’d see a spike in prices because sneakers would be rarer. However, with more sneakers released it keeps more people interested in sneakers but when something like this happens a decline in price is common.
People are wearing more sneakers now than ever
With fewer pandemic restrictions, more people have more places to go now than they did in the last year and a half. This means they will wear sneakers more now than they did before.
More sneakers will be worn, more sneakers will be beaten up, and more sneakers will be needed.
This is a great indicator for the future of the market because you don’t have to worry about there being too much product on the streets. The more people wear sneakers, the more they will need new sneakers.
Hopefully, you’ll be ready when that time comes.
Looking to start reselling? Sign up now at https://juicedio.com
