Why you should buy a new pair of sneakers for $20.9 million
Posted On July 25, 2021
I’m just about to buy a pair of shoes for $1,100, a pair that I’ve been eyeing since they were announced a few years ago.
They are brand new shoes, they are in great condition and I’m not about to spend $1.9M for a pair when they’re only worth $180,000, even if they’re brand new.
I’ve never heard of an American company selling shoes for so much money.
And this is a company that has been on the sidelines for decades.
The shoe company I bought them from was on the brink of bankruptcy, so they were the last shoe to be released in the US, but they were made for a certain generation of Americans who loved to wear sneakers.
And so, this was something that I wanted to do for myself, so I put the money down and said I’m going to give them a test run, and I got them to the mall in my hometown, which is about an hour south of Ottawa, and they were on sale for $3,400.
That was an amazing deal, and now that I’m at a point where I have the money, I’m thinking about getting the brand new ones.
So, why not take a chance?
I thought about it.
What’s the biggest mistake that an entrepreneur makes?
It’s that, when they say they’re going to invest $2 million, that they have a plan and a roadmap.
They just have a bunch of money, and if they want to do it right, they need to do what they can do to make it work, and that’s where the business of investing comes in.
So why not get the brand-new ones for a little bit less money?
So, I went in and said, ‘I’m going in there and we’re going in and we’ll see what we can do, but what I’m interested in is how much I can make from the product.’
So I started buying shoes and I bought about two dozen pairs and I had to sell off about $1 million worth of them, but it was so worth it.
I didn’t need the money.
I could spend it on my life, I could buy the things that I love, and the things I need.
The brand- new shoes I bought for $2,000 were the best value for the money that I could have spent.
I don’t know why people don’t do that.
It’s something that’s been done in other industries, like in the automobile industry where people have done that.
The car industry is one of the most important industries that I know.
You can’t do it, you can’t compete with that, so it’s a great example.
Now, you don’t have to sell everything, but when you’re buying things like shoes and furniture, it’s hard to keep everything in one place.
So it’s great to be able to have that kind of control, and you have that control, you have the ability to create something new that’s going to change your life.
I was looking at the company’s website and they had an opportunity to make something really special.
I said, “I’ll give it a shot.”
And then they told me that, they said, they have to have a big team.
They had to hire a lot of people, they had to pay the rent, and their entire revenue is going to be tied to that.
So I gave it a try, and it turned out that they had a very good team.
I hired their CEO, I hired a sales person, and we started working on this company.
And I think the brand is going so well right now that they’re starting to expand, so we’re really looking forward to the next step in the development of this company and the future of sneakers.