A teenager explains how to make money trading sneakers – Yahoo Finance

First, get a bot. Then, study up on the most popular celebrity-backed brands. And get on the notification list for the latest limited-edition releases from Nike, Adidas and the like.

This is how to start trading sneakers, if you’re into that kind of thing. And a lot of people—well, teenagers—are. “You can definitely build a business out of this,” 17-year-old Robert Newman (who happens to be my son) tells me in the video above. “You can make hundreds of dollars in a few days.”

Bots—automated software applications that can place online sneaker orders the moment they go on sale—are important because certain sneaker releases have become highly orchestrated events meant to maximize viral hype and turn shoes into collectibles owned only by a lucky few. Manufacturers often produce limited quantities of sneakers bearing names like Jordan, Kobe or Yeezy (Kanye West’s tie-in with Adidas). Deliberate scarcity essentially creates a secondary market for sneaker traders, since many people who want a desired pair can’t buy them retail.

A teenager explains how to make money trading sneakers – Yahoo Finance

Get your sniper bot here: Sniper Bot for Shoes – Google Search

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