It may be tough to find silver linings or inspirational stories, especially among entrepreneurs and small company owners who have endured the present crisis, with economic instability and widespread pandemic unrest expected to persist until 2020.
Surprisingly, the shoe industry has thrived even throughout the coldest months of the year, and some intelligent and hardworking individuals have capitalized on the situation.
Who’d have imagined that reselling sneakers would be a massive business in today’s economy? As a result, the resale market has gained traction as a potential investment option. According to the current Retail annual report, the resale business would be valued at $28 billion (£20.6 billion) in 2020. This isn’t unexpected given how much the sector has gone since the days of haggling on eBay, with more channels for resale firms and brand enthusiasts to aid deals.
Mohamed Coulibaly, a 19-year-old entrepreneur and soccer player from Philadelphia, Pennsylvania, has capitalized on the sport’s rising popularity. He understands the origins of the sneaker resale industry and the influence of athletes on footwear appeal. The Temple University business management student-created The Heatkickcity, a shoe company from the ground up, while pursuing a professional soccer career. It is presently worth 1.8 million dollars.
Mohamed Coulibaly has several profitable ventures in addition to his famous sneaker company. He has four distinct sources of income, including a dropshipping firm that earns approximately 4-8k monthly—stellar investments that will accrue 400-675k in the long term. Coulibaly is a savvy entrepreneur. He understands how to profit from opportunities. In addition, he established a highly lucrative wholesaling house. Wholesaling houses is an exit strategy in which an investor finds a low-cost property, puts it under contract, and then sells it for a profit to a willing buyer.
Dropshipping is a fulfillment technique in which a shop does not stock the items it sells. Instead, the store-bought the item from a third-party vendor and delivered it to the client directly. As a result, the vendor is no longer responsible for the product. Investing via applications like Robinhood hasn’t worked out for him, so he went with a different strategy: buying shares of up-and-coming firms directly.
He wants to give back to the community by selling sneakers at a low cost to the general public. Heatkickcity isn’t simply a company; it’s a lifestyle. Coulibaly’s secret formula, which includes his sports influence, shoe fixation, cultural relevance, and overall impact, gives his people a low-cost lifestyle and pleasant vibes. Adolescence is regarded as one of soccer’s most promising prospects.
He is the buzz of the town as a result of his meteoric rise in the sports world. Because of his business talents and capacity to adapt fast, he stands out from the rest of the sports business industry.
His decision to focus on quality and cost rather than building a profitable brand has aided him in his success. He credits his parents and friends for most of his achievements.
He aims to build a black-owned firm on Temple Campus by the middle of 2022 to supply students with cheap footwear. He has collaborated with several well-known personalities, like cool kicks, sole world, notable athletes, and rappers, to help him achieve his aims. His parents and friends are primarily responsible for his success.