Inside the wonderful world of console vendors

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“Since I started a new family, I’ve been trying to explore other ways to earn an income,” he says. “It seemed to me that I understood enough about sneakerhead and streetwear culture to invest in items and sell them at a higher price compared to stocks because I don’t know them well in stocks. This is my version of stocks.”
Patel also entered the resale industry thanks to sneakers in late 2016 when he was young in college. At the time, he was giving tutoring and earning $ 10 an hour. He worked for three weeks to save money on buying a pair of shoes that he could flip: he says he got some Adidas Ultraboost for less than $ 200 and helped his friend sell it for $ 275. “That was probably the reason I got hooked so quickly,” Patel says. “Because it wasn’t fast money, but it was really nice to be able to make so much money with just one shoe.”
With the gains from that pair of Ultraboost, Patel continued to flip the shoes one by one until they reached two at a time, and so on. A few years later, he still sells shoes along with other items like game consoles and graphics cards. The day I spoke to him, he bought “300 pairs of shoes from the north” Yeezy Day, From 6 a.m. to 10 p.m., dropping about $ 100,000. “I was very tired,” he says.
The perfect side or the moral dilemma?
While spending $ 100,000 on exclusive shoes, with the intention of reselling them, makes it difficult for people to get a pair at a fair market price, there is an industry that resells a positive side: one that is tied to individuals ’morals and ethics. the industry has established itself.
“If it’s an essential element, I don’t think it’s justified to bot that and resell that,” Patel says. “I know some who had scripts for Walmart to buy toilet paper at the beginning of the pandemic, when it was very difficult to get some. I personally have a problem with things like that and I wouldn’t throw something like that. I especially hated people selling items like that because they’re essential to survival.
“If you tell me you need a PlayStation to survive, I’ll be very skeptical. That’s where I draw the line. ‘
Since reselling in 2016, Patel says it has earned an additional $ 750,000. His entry into the industry could not have come at a better time. After graduating from college in 2017, he was able to pay 95 percent of his living expenses and tuition through a master’s resale. Then, in 2019, he had to go to the hospital for a second operation on his kidney. Although the total bill was in six low figures, he estimates that the insurance only covered about 70 percent of the cost and the rest was paid for by resale. “I have no doubt that my mother would want to pay for it without considering it,” she says. “But the ability to say ‘Don’t worry, I can cover up’ took a lot of the stress out of his head … it was probably the best. If it weren’t for selling it again, I wouldn’t be able to cover that up.”
Looking to the future
The reality of the resale industry is that manufacturers and retailers still pay, and it is up to consumers to decide whether to pay the marked prices or run out of products. Although much of the frustration with resale has been directed at resellers and bots, some have even reached out to retailers, who often do not make public information about what they are doing to deal with bots or resellers. For consumers, all they often see is a reCAPTCHA system, but apparently there is much more to it than that.
“Retailers are generally working very hard to ensure that legal buyers – their customers – can actually buy from them,” says Patrick Sullivan, director of Akamai’s Security Strategy, a global cybersecurity and medium services company. “It doesn’t matter who gets this”: “If it’s a bot operator that sets the price, we don’t care.” There is a very legitimate concern on the part of most traders. People are working very hard to get the bot to try to consume all the inventory. “
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