Luxury products set a standard when it comes to quality, durability, and authenticity. Although the world of luxury goods is a mystery for many customers, their extraordinary craftsmanship, ingenuity, and timelessness make them noteworthy investment vehicles.
Luxury Within Reach
A few decades ago, these luxury goods were exclusive to the elite, the famous, and the royal, but are now increasingly within the reach of more people. While business-savvy people may turn to stocks, some fashion lovers have chosen to invest in luxury products and resell them at a later date, making a nice profit in the process. This trend has given rise to a new business model that allows fashionistas to buy a significant amount of high-quality products without breaking the bank, since the ultimate goal is to be able to keep some items while reselling others for profit.Some Tips
To invest wisely and get a good resale price in a couple of years, always go with the original style and original color. Another tip: Never toss the original packaging (whether that’s a box, bag, certificate, or label), as it will help you confirm the authenticity of the brand.Women’s Shoes: Chanel
The classic Chanel two-toned slingback. STEPHANE DE SAKUTIN/AFP via Getty Images
