Started With Nothing

One of the easiest thing to flip for a profit are shoes. If you manage to get yourself a pair of high shelf shoes from major brands like Nike Or Adidas, it is guaranteed to double. Hold it longer it may even quadruple.

Marcus Sharf began his journey at 14 years old, he was told by his father to start something with his life and don’t waste it don’t something mundane.

I agree with this sentiment, this goes to show you should surround yourself with people that wants what’s best for you and not so much people that does nice things for you.

After his father’s advice, he focused on making money. He sold random things around the house for capital. Then traded some shoes for a profit, and realize he has an fascination with shoes, and built his company Hyp

First Risk

He and his father went to a shoe convention to buy some shoes in order to flip them. At this time he was 14 years old, he scared to talk to any vendors, so he made his father talk to them.

His father understood the concept of growth and development, he told his son to go talk, and he will be nearby to help him.

Another sign of good parenting, people believe having someone guide them the whole process is good, but it stuns growth, by his dad putting his son in a uncomfortable situation, he learn to realize it’s not the hard to talk to people.

Aiming For Results

His goal is to make money, whenever Marcus is about to buy a product, he would list the item for sale on Ebay, and it would sell immediately. he didn’t care about the ramifications of not acquiring the goods, he can just return the money and nothing happens.

During his time in college, he was already a million. He manage to make time for college because of his time management skills.

He didn’t spend anytime daydreaming or fantasizing about how to spend his money, he just did productive things and focus on reality.

You may think he has no hobbies, which is why he can focus on his business. He has hobbies, he like shoes, he like cars, but instead of being the guy that buys shoes, he sells them, and now he has more shoes than 99.99% of shoe fanatics.

Process

Marcus rummage around physical stores, looking for merchandise to sell, in his early beginnings he had no money to start. Despite his father being relatively wealthy, his father didn’t give him a dime to jump start his business.

All he had to work with initially, was junk hoarded at home. he find stuff that is useless around the house and sold it for money. he didn’t thought ahead and decide to start a shoe retail business, he just landed his start randomly and it evolved into shoes.

Scammed

during the early stages of finding a supplier, he was scammed on multiple occasions.

Here’s the funny thing about shoe sale industry, there is no dedicated suppliers around, you really have to sift around to look for suppliers off of interactions and just trusting the individuals.

Shoes are a limited product, Nike only released a certain shoe and they will never produce it, and even if they did, it won’t be as valuable.

Marcus would trust random shoe dealers and pay them cash for a bulk purchase, just to later on figure out he got scammed and the dealer disappeared into the abyss.

There are ways to protect yourself, he could’ve used American Express, and if anything goes awry, he could just initiate a report and get his money back.

But this method will limit his growth, so he still pays with cash to try new dealers, and that is how he met his best supplier from Philadelphia.

Hardship

There were judgment for Marcus, but instead of feeling like a victim, he just focused on the next problem.

Marcus had wanted to open a physical store for a while, because it would open up new opportunities that he couldn’t imagine.

However, being 16 at the time, it doesn’t matter how mature he was, people are still going to judge. It’s only fair to judge, because how many 16 year old owns a million dollar business? It only became a thing for teenagers to be millions in the past decade.

He understood that he was freakishly young to own a successful business, so judgment is expected. Instead of feeling sorry for himself, he kept on calling people that owns real estate in Miami until he found a person that give him the lease.

Words Of Wisdom

He’s not a business man that condemns college. He believes it’s fine to go as long as you want to. However if the business scales beyond the management of business and college, then it’s fair to drop out.

Same for having a job, he don’t believe people should quit their job immediately for their side hustle. He believes if you can make significantly more than your current job, it’s a good time to quit.

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