15 year old reseller

583
70
Joined
Dec 16, 2012
sick.gif

Jason Shatsky should be hanging out with friends, playing ball and dating. That's what 15-year-old boys do.

Except this one has no time for such nonsense.

Jason, a freshman at West Boca Raton  Community High School, is building a business selling sneakers to people twice his age — and he's making some nice change in the process.

pixel.gif


pixel.gif


In less than a year, Jason raked in almost $60,000 in sales and banked about $8,000 in profits. He snatches up the latest basketball shoes when they're released, marks them up and resells them through Instagram, Facebook, Twitter and his own website.

The teen entrepreneur sold 238 pairs last year. Just a few weeks ago, he sold a pair for $3,000 after buying them for $245.

"My friends are out playing sports and ask me why I do this all the time," said Shatsky, who used to play volleyball and baseball before diving into the business world.

"I have a business mind," he said. "I love doing this."

Jason has tapped into a culture that covets the latest kicks branded by professional athletes. Enthusiasts even meet at conventions to trade and sell shoes, sometimes paying thousands of dollars for a limited-edition pair.

Curtis Brown runs DXC, a California company that organizes such events, including several in Miami.

Brown, 30, said basketball sneakers remind him of elementary school days when he used to watch Michael Jordan play.

"I would buy his shoes, put on his jersey and shoot hoops at the school yard," Brown said. "It made me feel like him. I thought that's what made me a better basketball player, wearing his shoes. I don't think I'm Michael Jordan anymore, but that passion stuck with me."

For others, sneakers are all about the money, he said.

"The way they've been exposed in movies, TV shows, interviews, music videos — it's become very mainstream," Brown said. "When things become mainstream, they see dollar signs."

"It's all about showing off," he said. "Why does somebody have to have a 4-carat diamond ring or a Jaguar? People think their status is projected by what they have."

Jason, a confident, level-headed kid, never planned to get into that world. But he was still a teenager and liked cool shoes.

About three years ago, he was sporting blue and orange Nike LeBron 9s that he had bought for $170, money he saved from allowance and from tutoring other students.

Lots of kids offered to buy the shoes off his feet, and he eventually gave them up for $210. That's when he got an idea.

pixel.gif


Jason started to scout the Internet and often got up before sunrise to line up at the mall for the latest releases. In March 2013, he started thirtysevenkicks.com, because 37 is his favorite number.

The tech-savvy honors student has about 9,000 followers on Instagram.

"It's a lot of work," Jason admitted, explaining that he spends hours every week researching the latest models and monitoring competitors.

Like any good businessperson, he has help.

Grandma bankrolled the initial endeavor. (He has paid her back.) And Mom drives him to the mall because he doesn't have a license yet.

Jason also has recruited his mom and grandmother to wait in line for shoes. Stores often limit new releases to one per customer.

"I will start work late and go with Grandma to make the line," said Jamie Shatsky, a realtor in Palm Beach County. Shatsky writes down color, size and model so they don't get the wrong shoes.

"When we are there, I'll turn back to Grandma and tell her, 'Remember you're getting size 10 and I'm getting size 11,' " Jason's mom said.

Aside from that, Jason runs all aspects of his business. He markets the shoes, maintains the website, handles the PayPal account — his mom's account, because he's too young for one — and packages shoes for shipment.

"I see him being a CEO of a big company one day," Jamie Shatsky said. "He's very driven."

Shatsky said he doesn't buy many sneakers for himself these days, even though he has more cash in his pocket. The ones he does get, he doesn't use often, because he knows how much they could be worth. He wears beat-up running shoes to school, he said.

Shatsky said he wants to study business in college and one day run a company. For now, he plans to continue the sneakers business throughout high school.

"I want to save more of what I get and buy a car," he said.
via http://articles.sun-sentinel.com/20...cks-20140322_1_boca-raton-teen-sneakers-shoes

http://www.nbcnews.com/news/video/teen-operates-sneaker-business-out-bedroom-n69356
 
If he put half that time into learning the stock market he would've made double what he has from sneakers. Cool hustle for a HS kid though. I don't give a **** if people make money off reselling like the average NTer. Nike plays everyone who way too much money, these kids might as well get theirs.
 
There's no way I'm reading all that but $60k in sales but only $8k profit?  A lot of money for a kid and I'm sure all of his **** is paid for but he's doing it wrong.
 
If he put half that time into learning the stock market he would've made double what he has from sneakers. Cool hustle for a HS kid though. I don't give a **** if people make money off reselling like the average NTer. Nike plays everyone who way too much money, these kids might as well get theirs.

Yessir,get that money kid.
 
Get that money kid.

It's a shame to bring your grandma to do the line though....

She better get a cut at least
 
laugh.gif
Sold 60000 but made 8000 and he got an article out of this? My margins are way better how come no ones writing about me?
 
Last edited:
To top it all off, dude recruited moms and grammy to tag along with him to the mall :lol:
 
Why he not just buy stuff from china wholesales and sell them at the same time.. :nerd:oo$ a year in profit tho.. Yikes turrible
 
Hmmm, sold 238 pairs and earned 8K in profit for 2013...

8000÷238=34.60ish profit per pair?


Uhm. And this is why your not a business man.

Average cost of shoe $250 for him.

250×238=$59,000

$8000÷238= profit about $33 per shoe

I hope he set up his biz. Correctly and saved his receipts of shoes he bought,shipping receipts,eBay receipts,garbage etc

Taxes. 30% of the 8k is $2400

So he really he will make $5600

Now this is assuming the 8k profit was after his expenses write off

But if his 8k nonprofit is with his expenses and taxes already deducted that is a good profit for a kid

Either way too much work for me for 8k

This numbers above are quick estimates not precise
 
Last edited:
Not doing it. $8k profit!? Pssshhh.
Funny how his parents & out of the loop media lames look at this kid as some kind of savvy, young business prodigy. Kid needs to do what I was doing at 15, get his camping *** up & put some fly kicks on a ball court...smh.
 
Hmmm, sold 238 pairs and earned 8K in profit for 2013...

8000÷238=34.60ish profit per pair?


Uhm. And this is why your not a business man.

Average cost of shoe $250 for him.

250×238=$59,000

$8000÷238= profit about $33 per shoe

I hope he set up his biz. Correctly and saved his receipts of shoes he bought,shipping receipts,eBay receipts,garbage etc

Taxes. 30% of the 8k is $2400

So he really he will make $5600

Now this is assuming the 8k profit was after his expenses write off

But if his 8k nonprofit is with his expenses and taxes already deducted that is a good profit for a kid

Either way too much work for me for 8k

This numbers above are quick estimates not precise

Lol I was guessing, then you proceed to make another guess and say I'm not a good businessman. :lol: NT is full of lolz
 
Dude got his grandma and momb waiting in line for him :x :smh:

I was at Kith the other day and there were 2 grandmas there in the madness of 50 kids :smh:

I would never ask my grandmother to wait in line with a bunch of rowdy kids.
 
Last edited:
this dude probably gets made fun for his last name..

"dont go in there, someone took a big shatsky in that stall bro."

ill teach them...

i will get the freshest kicks, and they will have to respect my swag.

which NT'er is this?
 
Dude got his grandma and momb waiting in line for him :x :smh:

I was at Kith the other day and there were 2 grandmas there in the madness of 50 kids :smh:

I would never ask my grandmother to wait in line with a bunch of rowdy kids.

Who said they even asked them?

Hats what's wrong with people.. always assuming.lol
 
He's making 166 a week... 20hrs at minimum wage....

cool for a first job i guess... I was pulling in more as a teen
 
Back
Top Bottom