Did you know that, to date, the Solid Gold OVO x Air Jordans were the most expensive shoes ever sold, selling with a price tag of $2 million? Most sneaker enthusiasts can only dream about affording such a luxurious pair of sneakers. However, you might already know that many brands of sneakers, in general, can be quite expensive.
But why are sneakers so expensive in the first place? More than that, what can you do to find the best deals on sneakers so you can wear some of the latest and most stylish releases? Keep reading and learn more about the price of sneakers down below.
Why Are Sneakers So Expensive?
In this day and age, you’ll find it to be a difficult task to find a pair of sneakers that are less than $100. But why might this be, you ask? Sure, there are some sneakers that you can find for cheap, but those sneakers are often drab and cheaply made.
After all, you often get what you pay for. The same goes for sneakers. But there is an extra layer of information that you might not know that can explain why sneakers, especially from the big brands, tend to be so expensive.
One of the biggest reasons why sneakers are so expensive has to do with supply and demand. Everything in the economy bases its price on the rules of supply and demand. If people are dying to get their hands on a certain item such as the white Air Max 97 sneakers, the price for those sneakers will soar.
On the other hand, if no one wants to buy a pair of sneakers, the price will be low. That’s because the sneakers retailer won’t have any other choice but to sell the sneakers for as cheap as possible, otherwise, the retailer might be stuck with the undesirable shoes. The available supply is also very important.
If a particular brand of sneakers is in short supply (such as limited-time sneakers), the retailer will be able to charge a lot more for the rare commodity. On the other hand, if the availability for a certain brand of sneakers is through the roof, there won’t be much hurry for anyone to buy them because there are so many. As a result, the price will go down.
Import costs are another reason why sneakers such as Nike sneakers may be going up in price.
How to Always Get the Best Deals on Sneakers
If you want to find the best deals on sneakers, you’re going to have to do a bit of research. Your best bet will be to buy sneakers online. This is not to say that you won’t be able to find good deals when shopping for sneakers in person.
However, you will find that it can be quite a bit more difficult to find great deals when shopping in physical stores rather than online. One of the reasons for this is that physical stores often have a limited supply of shoes. If you have a coupon for a particular brand or type of sneakers, the store near you might not have those sneakers available, rendering your coupon worthless.
You will find that you can get much more variety when shopping online. First, you will need to narrow down which brands of sneakers you like the best such as Nike or Yeezy. Once you accomplish that, you will need to do some searching on the internet to see which online stores sell those brands.
Then, you can really get down to business. Often, certain stores will sell the same sneaker brands. But that doesn’t mean that those stores sell the same sneaker brands at the same price.
At that point, you can try to compare sneakers prices. This is important because you could easily get a pair of sneakers for several dollars cheaper at one site in comparison to another. Checking the websites regularly is an important task.
One website might have a sudden sale and you might be able to save a few dozen dollars on your favorite sneakers. You will find that holiday sales will save you the most money. Around Christmas or New Year’s, you can easily find great deals on sneakers.
Additional Tips on Saving Money When Buying Sneakers
Always try to sign up for a sneaker retailer’s email list. Often, when you first sign up, your first email will have a coupon code that you can use right away. If you don’t want to use the code right away, wait a little while.
Eventually, the site will have a sale and since you are on the email list, you will be the first to know about it. Besides the email list, you should also search in other places on the internet for coupon codes and discounts. But remember not to drift into parts of the internet that seem a little too shady.
While saving money is important, at the end of the day, you want to make sure you are buying a high-quality product. So, if you stumble across a site that sells sneakers at an unusually low price, you should be suspicious. Sites that sell sneakers at very low prices may be trying to scam you out of your money.
Or, the shoes that you buy may not be the shoes you thought you were going to get.
The Best Deals on Sneakers
Sneakers can be overpriced because certain sneaker brands are ridiculously popular. If you want to find the best deals on sneakers, you will have to do some research online. By looking for coupon codes and finding your favorite sneaker retailers, you shouldn’t have any problem saving money.
To learn more, check out our lifestyle section.