today we're going to be talking about ebay's new announcements and why they
just may have a competitive advantage over stockx let's go ahead and get into it
welcome back to the channel what's up with you guys how you doing how you been if you did not
know by now my name is dj and this is the dna show now if you haven't already don't forget to hit the
subscribe button join the family join the squad and don't forget to hit the like button because
that helps the algorithm owe so much and with all that being said we need to talk about these
two platforms because a lot of people that are in the sneaker industry or that are just getting into
the sneaker world are trying to figure out where the safest place to buy and sell their sneakers
so just off of past history we know that ebay has been around for a very long time and it has been
one of the known trusted places where people can sell their sneakers over the past five to seven
years stockx has came into the scene and really taken its play on the market and now starting to
take over and taking a huge share of people buying and selling on their platform recently stockx
added more fees when it comes to the buyers standpoint so if you plan on buying a pair of
shoes from them there's going to be an additional percentage fee and that's obviously going to cost
you a little bit more money for each and every pair of shoes that you purchase one huge thing
that ebay decided to do was no longer charge for fees for the sellers on a shoe that was sold for
100 or more so typically what that means is a seller is able to now make more money and that
causes them to sell for a lower price because they don't have to worry about cutting into their fees
and cutting into their profits which then gives the consumer a better opportunity to get a shoe
at a better deal so basically the way we've known ebay to be set up is typically you have a pair of
shoes for sale you would post them on the ebay website and then you would either set an auction
with an expiration date with a minimum purchase price or you have a buy it now price where you say
for example you have a pair of shoes and you want 250 bucks for those you let people auction them up
and see if you can get that 250 or more or people could buy it now for 300 for example and that's
a good way for the seller to get the exact amount that they want and never have to worry
about selling a shoe for too low and then from the consumer perspective yes you have to either bid on
it or pay that buy now price if you like the price that the seller is selling it at once the shoe has
been purchased or won on the auction the seller will then send the shoe to the customer and then
after they get the shoe typically they release the funds knowing that the shoe has been delivered and
there's no issues and then they send you your money if you are the seller now we have known
over the years a lot of people have done a lot of shady things when it comes to ebay when it comes
to selling and buying if you think you're buying a pair of shoes and they said that they were new
and then they ended up being worn or they said they were 100 authentic and then they weren't
and they were fakes then you have to deal with that whole process and everything about it that's
where stockx came in and became the middleman of facilitating all the deals and authenticating each
and every shoe along the process so we've seen a huge influx of new sneaker heads selling on these
platforms like stockx and goat because now they can guarantee an authentic pair of shoes when
they sell them and when they buy them and nobody has to worry about it and it creates a lot more
confidence within those platforms yes i understand each and every platform may have human error and
cause some fakes to slip through fakes are getting really good these days and i completely understand
how there could be fakes to slip through the cracks on any platform or even any consignment
shop now i don't want anybody to get scammed and honestly i think these are some of the most
logical most probable ways to at least try to get some type of verification and authentication for
your sneakers to guarantee that they are real when you're purchasing from some random person online
so if you were to buy a pair of shoes off a stockx it would be the same type of process except for
now once the shoe is sold the seller has to send it to stockx they verify authenticate the shoe
guarantee that it's real then they send the funds to the seller and then they ship the shoe out to
the buyer and then the buyer receives their shoes they're happy they got the authentication little
sticker on the side of it with a little card to it saying hey your shoes are real everybody's
happy but this is where things get good ebay just took it to a whole nother level by teaming
up with sneakercon and taking their same staff of their verification crew that they have with
the sneaker con people with the legit check booth that you typically see at the events well they're
going to be using those people plus more that they train to come under their umbrella and work with
ebay to now verify and authenticate all the shoes that are sold on ebay so just like stockx has a
verification team now ebay is going to have a team as well and as you guys know i love sneakercon
and i'm very very excited to see this huge step forward for them working with a big company like
ebay and especially the team with all the guys on there because i know they're all 100 legit
and to see some of the people that i know being able to do a great deal like this this is going
to be huge for our community of sneakerheads and then obviously you guys are going to have a lot
more security when you're buying a pair of shoes off of ebay knowing that they've been verified and
100 authentic and legit otherwise if they were fake they would get sent back to the seller and
you would get your money back and everybody would be happy so when i compare these two platforms i
think ebay was kind of slacking kind of slacking for a little bit but had a long history stockx
came into the play and they did their thing being innovative being creative and ebay is taking it
now to a whole nother level by providing no seller fees which means they're gonna decrease the prices
of the shoes which is gonna allow the buyer to get it for a better deal and guarantee that their shoe
is verified 100 authentic so right now as i see all this stuff play out i think ebay is now going
to have the competitive advantage between the two businesses and then obviously they have a
huge market and a lot of customers everybody knows about ebay some people are still kind of leery and
don't really know sure not everything about stockx type thing so i can definitely see ebay taking
this and running with it and doing really well so this is why i posed a question on my instagram
story because i want to see what you guys think if you haven't already make sure you follow me on ig
that way you can participate in the stories as well basically i asked which one do you like more
stockx or ebay 56 of the people said stockx 44 of the people said ebay i'm excited to ask that same
question after this video and some months down the line once they start implementing the new
things that they have coming with ebay they say that they're planning to put everything into plan
early 2021 which means that's very soon right the next five to six months is what i'm assuming that
this all is going to implement everything is going to start happening once this happens you know what
i'm going to do i'm going to buy and sell some shoes on there to show you guys the process
and make sure that you understand how each and everything works so that way you don't
have any mishaps or any hiccups along the way now me personally i think ebay is just a little
bit more complicated when it comes to the listing process just because on stockx all you have to do
is simply search the shoe say that's the one that you have say what size you want to list it for
pick the price and it's done on ebay you're going to have to take photos go through that process
it's a little bit more tedious when it comes to it but you can now have no seller fees
so for that little bit of extra effort of work to taking photos and doing those little things
you're going to save yourself more money in the long run by no longer having seller fees
which typically on stockx you got fee on top of a fee next thing you know you got 13 14 percent
of fees nine percent of fees whatever it may be well on ebay you're not going to have to
worry about that so i think personally for me i would definitely try to consider transitioning
more to ebay when it comes to selling shoes but again we're gonna have to test this all out and
see how it goes if it's smoother if we have more customers on there is it easier to sell
the price points all these different things it's all going to come in time and you know i'm going
to give you guys an update i just wanted to give you guys an update on this because a lot
of people i've talked to about it just today because they announced the news some people
didn't even know about it they tried to look it up and it wasn't on all the blogs and everything
i think this is a hidden gem and i definitely think this is something we can take advantage of
so i hope you guys enjoyed this if this was helpful if you want me to be more elaborate
or anything like that if you have any questions about how to sell on stockx how to sell on goat
i have videos linked for that at the end of the video as well and then obviously i haven't made
a video for ebay yet on how to sell on there but i can make one if you need me to and then
i'll make another one once that process comes around with the verification authentication
process everything like that so i hope you guys enjoyed this my name is dj i'm signing
out i gots to go i'm go oh yeah don't forget to like comment share subscribe i'm gone peace
yo thanks for sticking around if you liked any of this content and this helped you learn a little
bit more about how to sell shoes make a little bit extra money on the side or grow your sneaker
collection i think you would really love the hobby to hustle course the link is down below
in the comment section i have that pin for you right there that will get you access to my full
course on everything that i have learned over the years teaching you how to flip kicks grow your
collection make a little bit extra money on the side so if you're interested go ahead and check
out that link it also has access to a private facebook group where you can comment with me
my team and other members in the course as well so that's it i'm out peace