Thursday, April 22News That Matters

How sneaker business work?

Hey Sneakerheads of Reddit,

Im a high school student, currently trying to learn and understand the business of auction marketplace for sneakers. Im intrigued and also confused by the process of sneakers considering that I am pretty new to the game.

I have multiple questions so please be patient with me, here goes;

  • How does a sneaker merchant acquire authentic sneakers

  • How does auction marketplace like GOAT & Stockx, find and convince merchants to use their platform?

  • Aside from the authenticity verification of GOAT & Stockx, what are other benefits for merchants to get on the platform

  • What are the main difference between GOAT / Stockx & Sneaker Merchants

I appreciate the time taken and like to Thank you in advance for your replies!

submitted by /u/HectorBosha
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