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They’ve been buying this way all their lives.Nike and Adidas could kill the replica market simply producing enough units for everyone to buy, but would ubiquity diminish the value? If Nike produced millions of pairs of Travis Scott Nike Air Jordans would they be just as prized? I realize this runs contrary to what most economists will tell you. To economists, value is derived from factors like supply and demand, usefulness, or the price people are willing to pay, but these factors are flawed. For instance, it’s not always true that the price drives value. Clearly, sneaker fans are willing to match Nike’s price for Air Jordans when buying reps, but can those clones command a 3x price boost in the resale market?
In 18 months, his operation made around $2 million in revenue. Factoring in costs, Chan estimates that his team earned around $500,000 in net profits, and around $20,000 of that went straight to his pocket. But there were several unexpected overhead costs to cover, and he insists he was operating on a loss. On the off chance that you've put resources into a costly pair of originator coaches, odds are you'll need them to keep going for a long time to come.
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