Ask yourself this, how many of you have every bought a pair of sneakers on eBay? We’re pretty sure that 99.9% of you have. So whilst you’ve been browsing on eBay you’ve probably come across a reseller by the name of Sole Supremacy.
Sole Supremacy is one of the biggest sneaker resellers in the game right now. On average they make over $3 million a year selling used sneakers. Derek Lew, owner and founder of Sole Supremacy started his company back in '08 after losing his job. He needed a quick source of income so he started selling his sneakers from his own personal collection.
After a while Derek Lew started to notice that he was getting more money than he originally paid for his kicks, so he figured that there was a lot of people like himself that also needed cash and were probably selling their sneakers too. He figured out that he could buy used sneakers for a price, and flip them to make a profit – and thus Sole Supremacy was born.
Derek Lew went on to say that within the first 2 years of business majority of sales were made through eBay. However now several years later sales are 50/50 between his website and eBay.
To read the full interview head on over to Highsnobiety
