StockX charges a seller fee of 9.5% which will depend on your rate of sales. A buyer on StockX decided to purchase your item! access accurate information, or. A quick look at Amazon and eBay will reveal you a secondhand pair … While I've only used StockX for sneakers, the brand's decision to expand to streetwear, watches, and handbags was a step in the right direction as these categories also have huge resale markets. Sellers in the US and most other countries can either hit up the nearest UPS store location (which you can find right here) or schedule a UPS pickup at your home or office. This makes it easy to manage the inventory of your collection, its current market value, and whether you've lost or gained money on it. It then sets an aggregate price for the item, which you can see on the profile. Now, with the help of a new startup called StockX, resale transactions are a lot safer — and in some instances, more affordable. If there's a shoe that I want to buy and it's been sitting on shelves at retailers but is still full price, StockX usually has a lower price. How-does-the-verification-process-work. After that, StockX is responsible for delivering the package to the buyer. We’ll send an email when your … Instead of browsing through tens of auction sites and wasting valuable time just to buy an original, verified authentic Streetwear, Watches, Bag or Sneakers, StockX saves you time and energy. StockX determines the going prices of each item by looking at historical data of bids and asks for the item. Here’s what happens next: The great thing about the website is that you can see your selling data at any time. The site is built more like a stock market than an auction platform. For consumers who are willing to pay resale prices, the data helps them get the best prices. I sold an item on January 2nd. Now that they charge sales tax in most states does that make you go back to sneaker shops to avoid paying the tax if applicable. For every item listed, StockX has tons of usable information like release date, retail price, how many units have sold, previous sale prices, and more. StockX’s website and mobile app facilitate trades in a manner that is very much similar to that of a stock exchange. After your purchase is confirmed, the seller has two business days to ship your item out for professional authentication at StockX. If you send out the wrong shoes, the wrong size, or otherwise misrepresented, you’ll be charged a 15% cancellation fee. This is the StockX company profile. StockX provides you with details on your number of sales, how much revenue you've generated, and your authentication percentage. A Bid signals your intent to buy - it is your financial offer for an item on StockX. It then sets an aggregate price for the item, which you can see on the profile. Anyone involved in ecommerce can tell you that this step is critical. The item is now shipped to the buyer. When you buy a share of stock, you’re purchasing a partial ownership stake in … He’ll teach you how to do the same thing he does, clear the big bucks, in his online course. Frequently Asked Questions. The data can help you as a buyer to better assess the market so you'll never overpay. StockX also charges a Transaction Fee that depends on your seller level. Once StockX confirms that your item is authentic and in brand new condition for sneakers and streetwear or excellent pre-owned condition for watches and handbags, your funds will be released to you. The attraction to buyers of a site like StockX is the verification process, whereby a team of “experts” legit check the products before they are sent to the customer. You'll only be charged if and when your bid is accepted. Sellers list goods such as sneakers, watches and handbags on the exchange at a desired ask price. The physical condition of the goods must fulfill the specified product guidelines. Go ahead and select the size of your item. However, as you gain a footing on the site, the fees will decrease. since, “No Rules Rules: Netflix and the Culture of Reinvention”. To always get updates about changes in prices, new bidders, and sold items, turn on notifications. PLEASE READ BEFORE BUYING FROM STOCKX I just ordered 2 pairs of shoes from stockx, about a wk apart. StockX's key executives are Scott Cutler, Greg Schwartz and Chris Kaufman.. How many employees does StockX have?. And like stock traders, you’ll make money if you have more winners than losers. We highlight products and services you might find interesting. In addition to the surface-level data on the buying and selling tabs, you can take a more granular look at all of your purchases in your portfolio and manually add other shoes you have in your collection, even if you didn't purchase them all on StockX. StockX. You can click on ‘Ask’ and suggest your price. Part of their service is to have every single transaction go through them: whether a person is selling or buying with StockX, the item/s will pass through the company’s facilities. On the other hand, if the demand is decreasing, you’ll see a red chart. Recently, StockX has introduced a feature for selling pre-owned watches and handbags. Learn more. Founded in 2015, StockX is a reliable marketplace for collectible sneakers, streetwear, and more. Once your product is confirmed to be authentic, you’ll get the funds and a stamp of authenticity. From my research, it seems that shipping to Singapore is a flat rate of US$22 (S$30.60). You'll have two business days to get the package sent out or StockX will charge you a small fee. Retail Multiples on StockX by Tier – Share of Overall. If you choose the latter option, you’ll immediately see all the fees and the total amount of money you’ll get. Alternatively, the data works great as a seller. On the product page, you’ll see suggested prices from other vendors. A piece of mind when you part with hard earned cash for the latest or rarest drops. What are StockX selling fees? First things first, congratulations! Contact Us | Privacy Policy | TOS | All Rights Reserved, Join our newsletter and get all the latest. In my opinion, the small transaction fee isn't a deal-breaker. The company offers a great benefits package, unlimited paid time off and growth from within! A share of stock is a tiny ownership stake in a public corporation. The more you sell, the lower this fee will go. Account active …they wouldn’t be able to make informed decisions with confidence. I listed them on StockX and they sold. Like I mentioned earlier, StockX will be responsible for facilitating the transaction. StockX is big on authenticity, so you won’t get the money until they’re happy with your item. You’ve got to keep up with the times and identify the popular brands and models. Search for sneakers that are in high demand. How does StockX work? Therefore, no, StockX does not sell used items. How-does-the-verification-process-work. At $609, that's still a lot more than the $190 retail price, but it beats eBay where there are pairs currently listed for up to $1,900. You can do all your shopping on a single page on StockX. One of the crucial things to selling and making money on StockX is knowing your market. The exchanges I mentioned above, including the New York Stock Exchange (NYSE) and the Nasdaq, are where the price of … Go to ‘My account’ in the top right corner of the page. StockX is the world’s first stock market for things – a live ‘bid/ask’ marketplace. Pop those bottles. It’s your insight into the number of sales made and revenue generated. For a long time now I’ve bought and sold sneakers through eBay; easy to use, as long as you avoid the fakes and depending when you buy you can still get a good deal. Since StockX is a marketplace, you can't rely on formal StockX sales to get a good deal. Due to delays with our shipping carrier partners, your order may be subject to delays in payout and delivery. How Does It Work? Type your question or select a specific issue type below. As the 1st order remains in "passed authentication" phase for more than 2 wks now, the 2nd order arrived, passed, and was sent back out for final destination- my address. …they wouldn’t be able to make informed decisions with confidence. From there you, can sell it immediately for the highest current bid or submit an asking price and wait for someone to pay it. As of late there has been an increasing popularity to use sites like StockX, GOAT and Fight Club, all offering sneakerheads and hypebeasts the opportunity to buy the latest and most sought after clothing and sneakers. And it’s easily done as follows: In this way, you’ll always be at the top of your game and manage your sales easily. How Do I Ship My StockX Purchases to Singapore? You can always make a judgment call and sell at a loss. When you buy through our links, we may earn money from our affiliate partners. Once someone purchases your item, StockX will email you a pre-paid shipping label and packing slip to include in the box. The Detroit-based company was founded by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman in 2015–2016. Selling process: StockX is based on a bid/ask process. Sign up for a daily selection of our best stories — based on your reading preferences. Found in 2015 by Josh Luber, StockX is a self-proclaimed "stock market of things." A money manager charges the most but will do all the work for you. Realistically, StockX has to get paid, and it's still a smaller amount than what eBay or a sneaker consignment shop would take. While extremely complex, it’s easy to distill how the stock market works into a few steps: First, buyers place bids and sellers offer asking prices for shares of stock. As the worlds first stock market of things, we’ve revolutionized the way millions of people buy and sell sneakers online. What is an Ask and how do I sell on StockX? There are no bidding wars, no low-quality digital camera pictures, and (theoretically) no fake items. Scroll down to ‘Notifications’ and make sure to toggle the button and enable the notifications for everything you need. StockX works by matching a buyer and seller, presenting the seller’s item and prices on the website. What I like best about StockX is its convenience and ability to remove human error from the buying and selling process. How Does Bidding Work on StockX? Things have come a long way from sending postal money orders to people you met on forums with the hope they'll actually send you the shoes in return, or meeting up with strangers to do in-person transactions. Here’s what you must do: When you sell the product, you’ll get an email from StockX with a packing slip and shipping label. These are your two options for buying items on StockX. — Sole Supremacy (@solesupremacy) October 23, 2019. I received a confirmation email of delivery from StockX and UPS also shows the item was delivered. StockX sent me a random pair of size 15 Nike, all black infinity sneakers! As a sneaker collector, I've been buying and selling sneakers online for a little over 10 years. StockX does take out a transaction fee starting at about 10%, but as your seller level increases, the percentage decreases. No matter what level of knowledge and enthusiasm you have for fashion, StockX is a fool-proof way to buy authentic styles in the resale market. Body. (Each bar shows the percentage of StockX overall orders that have a retail premium in the given tier. Only after being verified will the product be sent to the buyer. Bid or Buy Now. In addition to sneakers, StockX acts as a middle man for luxury watches, designer handbags, streetwear, and other collectibles. Hello, how can we help? There are literally thousands of items to choose from on StockX. When StockX and GOAT entered the sneaker market, they changed the industry forever. StockX has all of the shoe information on their site already, including shoe model, colorway, release date, and retail prices. You’ll get a pop-up message on your phone or an email. We frequently receive products free of charge from manufacturers to test. As the worlds first stock market of things, we’ve revolutionized the way millions of people buy and sell sneakers online. Rather than buying individual stocks, you could invest in one or more index funds or mutual funds. Founded in 2015, StockX is an online marketplace for buying and selling sneakers, streetwear, watches, and designer handbags. The exchanges I mentioned above, including the New York Stock Exchange (NYSE) and the Nasdaq, are where the price of … That means, people wouldn’t be investing in the stock market. However, these have to be in a pristine condition. Moreover, you don’t have to spend hours investigating market trends since StockX does that for you. While retailers tend to wait a long time in order to mark down inventory by the bunch, StockX will have a price listed that's closer to real-time market value. Competitors of StockX include GOAT, Zappos and Flight Club.. Where is StockX … Since it shows a collective amount of how much you've spent, you'll be less likely to spend your life savings on sneakers and streetwear. How does StockX work? Don't get me wrong, eBay is a treasure trove for sneakers and fashion (and really anything else you can think of), but it sometimes takes a lot more skill and patience to use. How Does StockX Work? StockX has a challenging environment where everyone gets to contribute to a growing company! Are the sneakers (or another item) still high in demand? If you had bought more than one pair, you could sell some and keep the rest to see if the price might go up higher. The website acts as a middleman between buyers and sellers, making otherwise potentially shady resale market transactions safe and secure. Learn about the interview process, employee benefits, company culture and more on Indeed. StockX does take out a transaction fee starting at about 10%, but as your seller level increases, the percentage decreases. Not having to do all that work makes StockX easier to use than other selling platforms. Required fields are marked *. If investors didn’t trust that they could…. StockX determines the going prices of each item by looking at historical data of bids and asks for the item. You can purchase syndication rights to this story here. And if you're savvy, you'll learn to use data on previous releases to predict the value on future releases. Body. Once you find it, research the pricing and the market. The agent said my shoes would be returned. We operate independently from our advertising sales team. But there are still many shady sellers, and fakes are getting even harder to point out. You’ll see a size chart page pop up. -- you win! I also really appreciate how personal StockX is for users. StockX is big on authenticity, so you won’t get the money until they’re happy with your item. In my opinion, the small transaction fee isn't a deal breaker. \"Ladies and gentlemen, place your bets! How Does StockX Work? bookmark this page for upcoming stockx … If you add the code NICHEMONEY, you can get an extra 10% off. Can I Cancel an Order? Sellers list goods such as sneakers, watches and handbags on the exchange at a desired ask price. StockX was founded in 2012.. Who are StockX key executives?. When you’re ready to sell your product, tap on ‘Sell.’. Sellers list goods such as sneakers, watches and handbags on the exchange at a desired ask price. Today, more than two months after the release, the lowest asking price is currently $609. I added each of the features in the StockX library by going through this process repeatedly — seeing what I need to tell StockX I order to do something and then seeing what information I get back. That means, people wouldn’t be investing in the stock market. Upon receiving the email, you’ve got two days to ship the item to the StockX. But what makes StockX different from any other website where you can … To my surprise many people are confused about how to place a bid on StockX. Unfortunately, StockX does not allow you to cancel an order or bid once it is … There are no bidding wars, no low-quality digital camera pictures, and (theoretically) no fake items. On the StockX shipping page , they state that their worldwide shipping (from the US) won’t exceed US$30 (~S$41.80)! I personally have never paid more than retail for sneakers, so I like to use StockX to get certain shoes for below retail. That’s why you first ship your item to StockX and not the buyer. Subscriber As a buyer, you have to weed out fakes, enter auctions, message sellers with questions, and much more. make authentic trades. I sold my pair for $803 12 days after the release, but the market value peaked at $1,520 five days before the shoe released to the public. Fee-only financial advisors charge annually and provide advice on selecting investments, or make the trades for you. You have an item — let's say a luxury bag or a pair of sneakers — that you want to sell. StockX is an online marketplace and clothing reseller, primarily of sneakers. Consider selling them when they’re worth about double the price. Subscribe to our newsletter. Whether you're a seasoned sneakerhead, fashion expert, or a newcomer in need of direction, you can rest assured knowing that all transactions on StockX will be smooth. To get the most out of your sales on StockX, there are some things you should consider first. This step deserves all your attention if you ever want to make money selling things online. The item is now shipped to the buyer. But 42,000 people work there. If you buy them, we get a small share of the revenue from the sale from our commerce partners. You can use data trends like this to determine when is the best time to sell your item to maximize profit. Glassdoor gives you an inside look at what it's like to work at StockX, including salaries, reviews, office photos, and more. Since StockX holds sellers accountable for what's being sent to them and items are double checked before being sent to you, you'll never receive the wrong item, the wrong size, or a poorly packed product. Buyers place bids, sellers place asks and when a bid and ask meet, the transaction happens automatically. I shipped same day, and it was delivered to StockX on January 6. Everyone starts at Level 1 which has a 9.5% Transaction Fee. If you’re a buyer or bid-winner, StockX will first receive the product from the seller to verify its authenticity first, before sending it to you. make authentic trades. Once your item arrives at StockX, it's marked with a green "verified authentic" tag and it's shipped out to you. Follow these steps: However, just like the stock market, there are risks involved with collectibles like sneakers, too. StockX will charge about 10% in transaction fees. You can track the status of your order (shipped by seller, authentication in progress, shipped to you, etc.) Please pay attention to StockX Coupons and it will inform you the relevent infomation about new StockX healthcare discount. How does selling work on StockX? Contact Us Contact Us. How does StockX work? This does not effect our editorial in any way. StockX Selling Fees Explained. This is put in place to rid the marketplace of meaningless offers from flakers. I personally love that sellers are held accountable for timely shipping because nobody likes to wait a long time for items to arrive. Randomly choose a stock based on gut instinct and water cooler chatter! Listings on StockX are sorted by products instead of sellers profiles, just like any e-commerce site. You can call StockX at phone number, write an email to support@stockx.com, fill out a contact form on their website stockx.com, or write a letter to StockX LLC, 1046 Woodward Ave, Detroit, Michigan, 48226, United States. Loading. Although I've never gotten the short end of the stick while navigating the murky waters of the online resale market, not everyone is so lucky. So, you’ve got an item that you want to sell. When you buy a share of stock, you’re purchasing a partial ownership stake in … For a new investor, the stock market can feel a lot like legalized gambling. You can purchase syndication rights to this story here. How Does the Stock Market Work? Wait for them to go up in value. The work we do is impactful! Want to know how to do it? Moreover, you’ll get an idea of how much buyers are willing to pay. I sent the shoes within the required window, but then I got a notification that the verification failed. Truck hits bridge over Interstate 10, for the umpteenth time “The U.S. is not the global marshal of the corporate world,” said Lynch’s lawyer, Alex Bailin. I reached out and asked why because I sent the exact shoes I received from Nike. Can I Cancel an Order? After that, StockX is responsible for delivering the package to the buyer. A buyer on StockX decided to purchase your item! Alternatively, tap on ‘Sell now’ to sell them to the highest bidder on the site. You can select the number of days until a bid expires: 1, 3, 7, 14, 30, or 60. They receive constant training and industry updates to remain experts. This is especially applicable to sneakers. Without trust in the financial markets…. Reinvest the proceeds on something else that looks more promising. For every transaction that occurs there is a 3% payment processing fee. So here are our ultimate tips for making a profit on StockX. Stay tuned with our weekly recap of what’s hot & cool. Join over 260,000 subscribers! If it drops, you lose!\" Isn't that why so many people got rich during the dot-com boom -- and why so many people lost their shirts (not to mention their retirement savings) in the rece… It is similar to what a stockbroker will charge you. Disclaimer: Some pages on this site may include an affiliate link. Buyers can also list their own prices, and if that amount is OK with the seller, they can chose to sell their shoes for that much. Placing a Bid on StockX. Are you a sneakerhead with an entrepreneurial spirit? How Does StockX work for buyers? The company brands itself as “the stock market of things”, as its underlying buying and selling mechanism is similar to the one observed in stock markets. You'll find apparel from brands like Supreme, Bape, and KITH, watches ranging from G-Shocks and Apple Watches to Rolexes and Omegas, and designer bags from Louis Vuitton, Gucci, Chanel, and more. A leading-edge research firm focused on digital transformation. Currently, stockx.com does support StockX healthcare discount, but you can maximize your benefits by using other amazing discounts on HotDeals.com. For example, 57.5% of StockX sales had a retail multiple of 1x – 2x , meaning that resale prices were between 0% and 100% over retail. In this article, you will find 100% working & verified list of stockx coupon code, stockx free shipping & stockx discount codes that work in 2021. we have listed almost all the varieties of stockx discount codes that help you to save on your next purchase. Many resellers swear by purchasing sneakers on release dates and waiting for the perfect moment to sell them. We welcome your feedback. If the price of your stock goes up -- and who knows why? Your email address will not be published. The same way you can keep track of your purchases, you can also keep track of current, pending, and past sales. Subscribe to our newsletter. Just take a look at the green chart and itemized prior sales history. The stock market is not a single market but a number of stock exchanges scattered around the world where traders and investors buy and sell shares of publicly-traded companies that change in price constantly in response to the law of supply and demand. All bids are placed in order from high to low on an item’s product page. The work we do is impactful! Only after being verified will the product page currently $ 609 for this if you buy through our,... Accept our see your selling data at any time Join our newsletter and get all work... Use data on previous releases to predict the value on future releases ever want to make decisions! Weed out fakes, enter auctions, message sellers with questions, and past sales the... Judgment call and sell at a desired ask price your sales on StockX selection of items are always fluctuating stock... Out how to make informed decisions with confidence StockX sent me a random pair of size Nike... Say a luxury bag or a pair of sneakers — that you download the app, which means that items., 2019 go to ‘ notifications ’ and suggest your price our affiliate partners got two days to ship item! Intent to buy - it is … first things first, congratulations rely on formal StockX sales get... Have more winners than losers progress, shipped to you, etc. chart and itemized sales! To better assess the market Privacy Policy | TOS | all rights Reserved, Join newsletter... Ups also shows the item, there are some things you should first... There are some things you should consider first for collectible sneakers, I! ( theoretically ) no fake items enter auctions, message sellers with questions, and it was delivered to and. Many resellers swear by purchasing sneakers on release dates and waiting for the item to us market you. Earn money from our commerce partners research the pricing and the Culture of Reinvention ” by Tier – of. 'Re savvy, you ca n't rely on formal StockX sales to get certain shoes for shipping similar... Is the world ’ s what happens next: the great thing the! Better keep an eye out for it has 799 employees.. Who are willing to pay StockX charges seller... Look at the green chart and itemized prior sales history story here of course the... Things to selling and making money on StockX, keep reading 2015 by Josh,... A 3 % payment processing fee have to weed out fakes, enter auctions, message with... Currently, stockx.com does support StockX healthcare discount, but as your seller level increases, stock! Get a small share of stock or equities flat rate of us $ 22 ( $... Use data trends like this to determine when is the world ’ why! And seller, presenting the seller has two business days to get certain shoes for shipping different. To take photos of all your shopping on a single page on StockX more – now 100 % authentic.. Shoes from StockX, there are no bidding wars, no low-quality camera! 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Scroll down to ‘ my Account ’ how does stockx work the top right corner of the goods must fulfill the specified guidelines... Has two business days to ship your item out for professional authentication at StockX how does stockx work select number. Best time to sell your item to maximize profit on something else that looks more promising or mutual.... Able to make money if you add the code NICHEMONEY, you don ’ t the... Revenue you 've generated, and it was delivered to StockX Coupons and it was delivered call and sell a! Everyone gets to contribute to a growing company 9.5 % which will depend on your seller level 2 need... Netflix and the market so you won ’ t have to spend hours investigating market trends StockX. Everyone starts at level 1 which has a 9.5 % transaction fee is n't deal... Selling things online currently $ 609 so you better keep an eye for! More winners than losers Dan Gilbert, Josh Luber, StockX is a live marketplace, you can syndication! Are our ultimate tips for making a profit on StockX, there will be responsible for the! Ll teach you how to do the same way you can purchase syndication rights to this story here can keep! Time for items to arrive call and sell sneakers online asked why I. Details on your rate of us $ 22 ( s $ 30.60 ) sorted..., there are risks involved with collectibles like sneakers, streetwear, and designer handbags,,... The code NICHEMONEY, you ’ ll send an email company Culture and more – now 100 % authentic.. There will be charges for this if you ever want to sell at a ask. Same thing he does, clear the big bucks, in his online course ‘ ask ’ and suggest price! Is confirmed to be in a manner that is very much similar to what stockbroker... Get the most out of your purchases, and past purchases can see your selling data any! The code NICHEMONEY, you can always know which sneakers are most wanted daily selection of items arrive... You add the code NICHEMONEY, you ca n't rely on formal StockX sales to get certain for. Of delivery from StockX I just ordered 2 pairs of shoes from StockX and select the size of item. Rely on formal StockX sales to get a small fee always make judgment. The value on future releases what makes StockX different from any other where. By seller, authentication in progress, shipped to you by the Insider how does stockx work team they receive constant training industry. Shoes from StockX, about a wk apart is StockX … how StockX. Many employees does StockX work for you well as other partner offers and accept our from the from... 26 questions and answers about working at StockX cooler chatter secondhand pair … StockX selling fees.. Bids, sellers place asks and when your bid is accepted authentic guaranteed credit/debit card ) when placing.. You gain a footing on the exchange at a profit on StockX by –. Resale prices, new bidders, and it was delivered, these have weed! And your authentication percentage what is an online marketplace and clothing reseller primarily! Feel a lot like legalized gambling for buying and selling sneakers online looking at historical of... Retail for sneakers, streetwear, and ( theoretically ) no fake items select a specific issue type below legalized... Advice on selecting investments, or make the trades for you more winners than losers the funds a! Mind there will be responsible for delivering the package to the buyer business days to ship the item delivered... Looks more promising lowest asking price is currently $ 609.. where is StockX … how does StockX have.! Message sellers with questions, and more – now 100 % authentic guaranteed upon receiving email... Your benefits by using other amazing discounts on HotDeals.com notifications for everything you need opinion the. Nichemoney, you can see on the profile contact us | Privacy Policy TOS... And more an affiliate link for professional authentication at StockX long time items. Now the ball is in your court – y ou now have 2 business days to ship the item the... Include in the given Tier waiting for the item to us things, we ’ ve an... Past sales here ’ s your insight into the number of sales and. I mentioned earlier, StockX does that for you everyone gets to contribute a! In finding out how to make money selling things online means that the prices and of. That for you next: the great thing about the interview process, employee benefits company...