Why Sneaker Store Owners are Going Bankrupt End of 2024

Opening a sneaker store is a terrible idea...
Or at least- for 95% of resellers. In this video, we break down why the model is unsustainable- but also why I'm opening stores anyways.
Learn how resellers are adding an extra $5k/m profit by selling on Amazon: www.dpsneak.com/youtube
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[@dpsneak]

Random comment gets $39🖤

[@titodenino]

random comment

[@jarmaineburkett2123]

@@titodeninowoah woah woah you still pee the bed at night

[@titodenino]

@@jarmaineburkett2123 Doesn't have to be night 😎

[@jarmaineburkett2123]

@@titodenino is That why my lemonade tasted sweet

[@nemesishacking]

Smart guy, he gets it. And hes ok with it.

[@Demonstrait]

Sneakers are dropping because people rather take 200$ for groceries instead of shoes

[@ezrapark9213]

honestly i’m super shocked at how informative this was. i always wanted to know the breakdown of what happened at sneaker stores and this explains why a lot of sneaker stores near me shut down with crazy high priced shoes. thank you fr, you earned my sub

[@user-nk5bw8ml4z]

Very few people are desperate for shoes that they NEED them immediately.

[@jcunningham7]

I was just about to make this exact comment.

[@benny2755]

So in this point of view it boils down to location location location.... for your store and great community support for the backbone of the market to survive while having an awesome time. Got it. Great vid.

[@AyyRios]

videos keeps getting better and better. great documentary style

[@Kiuuuj]

Crazy how it seems every new sneaker is sitting

[@Dj_rueboi]

Even when they “sell out” most pairs are at or below retail

[@Livefromthewhytehouse]

There’s no money, it’s not that the game is done, is that no one has money!

[@kyzrxx7074]

​@@Livefromthewhytehouse honestly realest comment here

[@FreeTheMasses]

Like nobody has money ​@@Livefromthewhytehouse

[@jpg49]

This was a great video, good luck and wish all the success to you

[@donsalvadoor]

Love the content brother. Thank you

[@nbarealtalker]

I’m gonna go out on a limb and say the issue is an utter lack of originality. It’s important to understand and follow trends to an extent, but at some point, a store has to hit a niche or satisfy a lesser desired nostalgia. Otherwise, it will ebb and flow with the market. If you lined up 50 of these stores next to each other, there would be less variety than if you lined up 50 Footlockers next to each other. It’s not just money, people get sick of paying more and more for what inevitably equates to all the same old ish. There’s gotta be a unique or originality factor for a business to sustain. Otherwise, you’re just banking until things change. And it’s not just trends that change, it’s attitudes.

[@ruthmeles1598]

Really great video and information!

[@blackbox_kt]

Whoa the transparency.

[@Dj_rueboi]

Great video! Definitely informative

[@kristansmith-park1484]

Super clear breakdown!

[@896tank]

I always wondered what DP stood for. Great video man! Good stuff.

[@OT-pn3pd]

Adapting and having access to pairs at fair prices. No fear opening stores when you’re ahead of the curve🔥🔥🔥

[@brianflores4750]

This is a consignment store , if you want to open a straight up resell shop it all comes down to how many in demand shoes u can get for retail, cause hypothetically speaking if you can get them all for retail and you dont have to essentially middleman a pair then you can do pretty well. It all comes down to what u can get for retail price thats in demand

[@setgood5006]

Wat is a consignment store may I ask

[@setgood5006]

Wat is a consignment store

[@brightkicks_]

@@setgood5006consignment means you’re fronted the product and pay it back later

[@InvestingBotsAI]

@@setgood5006 Heard of Google

[@stevecec14]

Would love to see update videos in 3, 6, 9 months, a year from now on how the business is doing. Being transparent would be hard but beneficial for all your followers.

[@mayozambada5098]

Damn realist video if ever seen 💯

[@acostanj24]

Sometimes it’s not all about profit, sometimes it’s all for the people to get things they can’t get in retail stores

[@smooveselling3236]

Yeah, but there's a price for everything. Dang

[@DEJAVU007]

Bro let the creator of all creations bless you because there's no one on UA-cam that ever explained how to create a business that fast and with the accurate information that you have bestowed upon us distance from Yoda thank you the force is very strong with you

[@bennyward9157]

Are most consignment guys coming in at market value when working with stores or are they coming in under market value?

[@dpsneak]

Around market or $5-$10 under market value

[@kendressel1608]

The better option then paying 40% over stock x is just ordering on stock x and waiting a week to get your shoe time is money the time it takes to go to your store just to find out you don’t have the shoe I need in the size I need it in I can be home relaxing or working and what do you know my shoe arrives at my dlater

[@kendressel1608]

I’m sorry you actually seem like a really good guy I have just had bad experiences with stores in the mall that resell sneakers I went in last year to buy a size 9 Jordan 3 palomino for my nephew that was the shoe he wanted that year for his birthday so I go in ask for the shoe they have it I ask how much they reply with 320$ now mind you this shoe was a brick it was goin for 30$ under retail I’m a fair person I understand you need to make money is what I said to the guy and offered 260$ his reply was duhhhhhhhhh I can take like 15$ off I just said really? And left if I could find a store that was fair with me I’d rather do all my business with them then e bay goat and stock x

[@NastyFlea]

you earn a subscriber this video is informative

[@wileecoyote5749]

Will never understand why people pay more than $65 for sneakers.

[@GiftedDee]

Cause we have money

[@cabronas09]

it’s like why people pay thousands of dollars for diamond wedding rings (metal with a piece of carbon)
cuz people can

[@cdm386]

I will never understand why people pay more than $65 for some china made garbage. At least some well made italian calf skin leather shoes are worth a couple hundreds.

[@hooess793]

How did u end with $39 ??

[@bambiiiii23]

Nice content bro.

[@johnjoe5860]

There's a lot of rich kids with to much money & no sense. Charging £400 for Pandas is criminal & should not be legal! 💯

[@s_views7652]

Great content

[@JoannaSmith-bl5ci]

I would rather have 1 pair of Jordans.then have 5 different wired colors that don’t go well with the clothes I have on.

[@danielmiles1500]

Idk any other way to put it, but Daniel’s stay winning 🤷🏼

[@username5158]

Rare realist perspective 💯

[@unitedwestandunitedweprogr8946]

#Sometimes you gotta not #Pay the price & wear socks 🧦 outside I #Cant afford shoes #Random #Comment ✌🏽💪🏽🤣 great content brother

[@LLantas714]

Nothing but knowledge 😮

[@cesargalvez8432]

Great real video

[@tas4092]

You're a smart guy. Wouldn't you do better working for wall street or finance for a big firm?

[@poppawheelie203]

U changed from DP sneak ?

[@bartoszsadowski4038]

bro breakdowned whole buisness plan on us

[@jarmaineburkett2123]

I like m&m crisp they should bring them back

[@Ernest_Kahn]

This is insane!!!

[@tropfusion]

Y’all gotta sell more pre-owned shoes and other smaller high margin items. I keep the brand new shoes on the shelves and they look cool and whatever but used forces and sunglasses pay the bills

[@jermaine_event]

What's the name of your store? Im like 30 minutes East

[@dpsneak]

This one is Elevate Lawrence

[@WhosRandy564]

I’ll take the $39 to buy from you 👍🏽

[@brettcarroll3970]

So DP which Brett is your favorite? Me or the other Brett?
This needs to be decided.

[@dpsneak]

Both

[@sirpaidalot]

When goal is breaking even half the year RUN 😂

[@yungdrew9947]

Nice video

[@MikeSpr]

ECG! 🙌💯

[@jonfinpark]

Urban necessities does consignments ❤

[@tellthetruth7497]

Urban necessities is ripping off their consignors i got a video on it

[@CoastyCody]

No personals

[@bengrant9316]

I ain’t tryna be rude this was great video but to many people shop online and bc of GOAT and other platforms sneaker stores are pointless bc yall are way over market even my people who not even into shoes as much as me even know when the shoes to high. I understand making your money but people to smart now.

[@tellthetruth7497]

$39

[@Yongsk8]

Is consignment dead?

[@dpsneak]

Market's slow- but not totally dead

[@tellthetruth7497]

Yea it’s dead unless your consigning heat pairs

[@mykittenisagrandmaster4381]

Reasons why they're going out of business main reasons price to high on certain shoes designs are not that great of eye of peal people want to spend 200 dollars on something that looks nice not generic like most of the Jordan retro shoes that are available people want something with a nice pattern and color choices

[@ipaddleYOass]

This would be a good idea in 2016

[@StevenRoseren]

Dope ass store

[@jakesalzman252]

Sooo Amazon is the move. Noted

[@gavinhe4723]

W content as always

[@Ramithebuyer]

Hi Daejin Park

[@ebsnkrz]

Bucket

[@augustojoseramonpinochetug5235]

Da hell is a 😑 doing in KS?!

[@marcop.525]

Common this is 2024 not 2014 😅

[@RoccoKurvita-iu9no]

39$

[@lukenichols5528]

Random Comment

[@sergei74]

fly

[@Arley-xc5lb]

Hello :3

[@wishfullythinking8938]

This post needs $39 💔

[@1jus]

💪

[@danishkhan-xj5pt]

whasguud cuh

[@wyattdurland6637]

W store owner

[@jaydaygaming2793]

Random comment

[@soundwavekidd3529]

Notifaction Gang

[@titodenino]

Nike half pipe shoes random shoes random comment

[@jerrodbennett]

*random comment*

[@marcusfetti1449]

Lfg daejin

[@MemiTwins]

second gimme free shoes plssss

[@Nineveh612]

The amount of lies being told in this video is crazy lol

[@terminatorkobe]

explain

[@heybudstfunow]

lol

[@Professional_Lube_Job]

I wanna know much your mommy and steodad invested

[@gambinommc5644]

Lol

[@kendressel1608]

Mad cow disease cheese burgers

[@heybudstfunow]

wtf is this dude saying

[@evgenyzhithere7956]

Fake clothes 😂

[@anonymous-jt8du]

This whole shoe business is getting out of hand people buying shoes to sell for a profit instead of wearing them is stupid 😂 last i checked it was a womans thing to collect shoes and hand bags

[@Skills50]

J

[@tbuddy3372]

I’m more random than anybody

[@marvin7042]

Random comment

[@bentleybenzbeamer]

Random comment