A partnership is a type of business structure like a corporation, an LLC or a sole proprietorship. You can learn more about business structures in online sneaker education or any beginning business classes. For now, let’s focus on partnerships.

There are two types of partnerships: general and limited. In a general partnership, two or more people carry on the business for profit and act on behalf of the company, either as agents or in some other type of binding capacity. The people involved could be individuals or corporations.

A limited partnership is basically the same as a general partnership, but at least one of the partners will be a limited partner. Limited partners can act on behalf of the business without being liable for the debts and obligations of the partnership.

Designing sneakers in a partnership has advantages and disadvantages over using other business structures.

Advantages of Partnerships in the Sneaker Industry

As a partner, unlike a sole proprietor, you’re not by yourself. One of the biggest advantages is that you don’t have to make business decisions alone. You can have partners to share the work and come up with ideas. You can take on employees, and you can create a much bigger construct for your business.

You can also obtain outside investments, which is impossible to do under a sole proprietorship. You can raise capital and do more with your business.

There aren’t many formalities in a partnership, but there are certainly more than in a sole proprietorship. The interests of a partnership can also be assignable, which means that if someone comes along and wants to buy your business or buy out a partner, you can assign those interests to someone else.

Limited partners are not personally liable for the acts and obligations of the partnership. The big advantage for a limited partner is owning a stake in the company without the financial risk. This is a huge advantage over a sole proprietorship in which the owner has unlimited personal liability for the debt of the company.

Partnership Disadvantages

What are some of the disadvantages of a partnership when you’re creating sneakers? First of all, a partnership is not considered a separate legal entity from the individual partners that are running it. General partners can have unlimited personal liability, just like in a sole proprietorship.

For general partners, a person’s interests can also dissolve upon death. That means that the partner’s estate, spouse, or the party who would normally inherit their assets will not get that interest. It would go back to the partnership.

Something else that can be a disadvantage or an advantage, depending on how you like to treat your taxes, is pass-through taxation. The only way to avoid the individual income tax burden is to structure your business as an S-Corp or an LLC that’s taxed as one.

How Do You Form a Partnership in the Sneaker Industry?

Like sole proprietorships, partnerships are created with very few formalities. In fact, you can form them just by carrying on business with one or more partners. This can vary from state to state, but typically the requirements are pretty lax.

You may need to register your company in the state where you’re doing business. Design courses and sneaker education courses that focus on the business side should stress the importance of a legal partnership agreement, too.

Formal partnership agreements are recommended but not required by most state laws. However, we highly recommend that when you enter into any kind of a partnership with business associates you should consult a lawyer to create the partnership agreement.

I think the two most important people you have to talk about when you talk about early sneaker industry media are Bobbito Garcia and Russ Bankston. These are two people that anyone who’s into sneaker education or wants to write about sneakers should know about and study. These are guys who convinced bigger platforms that there was a reason to talk about sneakers beyond in the sneaker store, beyond in your living room. These are the kind of guys who made it a point to talk about sneakers on a bigger level to a national audience and even to an international audience.

That really paved the way for people like me to be able to have a job in the industry because now so many more people realize that these are things that readers and audiences care about. Russ is important because sneaker media, writing about or even caring about sneakers, is a relatively young thing, and it’s important for us to have older people whom we can look up to who have been around long enough and who remember these stories. A lot of these stories rely on brands to tell you, and you can’t always trust the brands when it comes to online sneaker education. You need to have actual people who were there who remember these things. Russ is one of those guys. Actually, Russ is that guy.

If I were a sneaker exec now, I’d be pretty excited about the way a new shoe can get marketed or the way a retro shoe can get remarketed. The second a sneaker gets released and goes into the general market, you have so many people on social media being creative in doing things around it and hoping to share it with like-minded people. Back in the ’80s, and even in the ’90s, it was a very straight line. The company produced the sneaker, and a creative agency produced a commercial. The commercial was used to sell that sneaker, and that was pretty much it.

The consumer bought it, and the consumer wore it. The consumer maybe bought it and put it away. But the company was on to the next thing. By the time the commercials came out for the Penny II, they were deep into the Penny III. They were pretty much done with it.

Sneaker Education in Marketing

The retro market has obviously done something to change this, and the resale market has, too. We can dislike resellers all we want but it’s a reality that’s not going away. Look at consignment shops. Sneakers have a secondary life. The lifespan doesn’t end when the design is done, and the factories are producing it.

You get to remarket these shoes. If I were a sneaker company exec, I’d be looking to the consumer. This doesn’t have to be a one-way thing where the company produces the shoe and says, “Here you go.” I think the company can produce the shoe, say, “Here you go,” and then say, “What do you think? What do you want to do with it?”

Social Media Lessons for Online Sneaker Education

Whether it’s an unboxing video or a sneaker shopping episode with someone who doesn’t necessarily endorse your product talking about it, there are just so many avenues. It should all be two-way. I think social media has opened that up to a degree. You can find all these different sneaker designers on Instagram.

And they’re not hugely popular. Sorry, sneaker designers, you’re not Justin Timberlake. You won’t have hundreds of millions of followers. But the good thing about that is, you might be able to actually talk to these people.

When I was at Slam, if I wrote a story, three months later it might get published. A month after that I would get letters about it. Now, if I write something online, I’m getting responses on Twitter immediately about how terrible it is or how good it is. The feedback is so fast.

With sneakers, that shoe isn’t going to go away. That campaign isn’t going to go away. You can be part of it. So it’s interesting to see where it goes. As much as brands are speaking to you, they’re also listening to you, whether it’s at round tables or focus groups.

Before, people would have to pay you $200 to go to a focus group and listen to them talk about some shoe. You, as a millennial, could tell them what you think about it. Now those conversations are going on every day everywhere. And there’s no reason why you can’t be part of them. And there’s no reason why you can’t change what happens in the future.

Young people have a lot of stories to tell. It’s important to explore finding your own voice. Have that conversation, even if it’s just with your friends and family to start, but make it something that can eventually be consumed by a larger audience. You need to have a true, common storyline and theme in the sneaker industry. Following what other people have already gotten popular off of isn’t going to help you much because you’re jumping into a crowded pool.

Kicks, the magazine, was something that grew out of Slam. Slam is that connection between culture and basketball, and sneakers are something that sits right on that edge. Sneakers are not something that transcends basketball. Obviously, basketball transcends sneakers.

A Visit to the Nike Campus

We knew that in order to find the sneaker history, the online sneaker education, a lot of that was at Nike, at their campus, and at the Wieden and Kennedy offices. It was a matter of convincing Nike to bankroll this. At its most base editorial level, it was a couple of guys who found something they were fascinated with and wanted to find answers to. If this was something we were interested in knowing about, there were probably a lot of other people interested in knowing about it as well.

In many ways, we had it easy, because people hadn’t done this before. People hadn’t gone to Wieden and Kennedy and asked about the Spike and Mike ads. People hadn’t gone to Eric Cooper and asked about him designing Scottie Pippen’s new shoe yet. Now that stuff is fairly commonplace.

Gaining a Sneaker Education

Sneaker media and Kicks and Bobbito’s story opened this lane to anyone who wanted to try and fill it. There’s something out there that you don’t know the answer to, but you’re interested enough to seek it out. To find what that answer is and talk to the right people and look at the right sources.

Find Your Unique Audience

Chances are, other people are going to want to know the answers too. That’s the way to open whatever the next lane of sneaker media will be. Because, like it was for us, the audience is there. The audience is waiting for you. They just need the right thing, and maybe you’re going to be the one to provide them with that.

Years ago, there was a website called Dress Like Kanye West. It was run by a guy who actually ended up working at Complex, who now works at Adidas—a very smart guy. But these kinds of sites were popping up because Kanye’s influence at the time was so crazy that everybody wanted to know what he was wearing.

Now, Upscale Hype is a website that’s basically devoted to breaking down people’s outfits. Now Complex does a lot of this kind of thing. When these brands started doing it, that’s around the time we started seeing the shift in people wanting to act cool and act like they don’t pay attention to what celebrities are wearing. But it isn’t true. Everybody pays attention.

Back then, Kanye was at the forefront of having a whole website devoted to what he was wearing, breaking down his outfit. If he was overseas, and he wore some obscure new clothes, people were trying to find out what they were. In a way, this paved the way for how sneaker culture has developed since then.

Whether it’s on Instagram or another social media medium, it’s about being first to post that a certain person was wearing these sneakers. Or that this person just debuted these. Or LeBron James just wore these. And now you can even see it through the tunnels in NBA and NFL games. There is such an appetite now for big stars and athletes to walk through the tunnel and see what they’re wearing, and then it immediately goes online.

And these aren’t even just sneaker blogs that are posting this stuff. It’s also sports blogs posting it. These days, you get the sense that everyone knows that the cameras are watching. Everyone is taking a more deliberate approach to fashion and being seen, and brands are working with celebrities and athletes to make sure that the debut of a shoe that everyone’s waiting for is spectacular and happens in the biggest way possible.

In the past, there wasn’t as much content to see what celebrities were wearing, especially on their feet, and not broken down the way it is now. And because that has changed, everything has changed. I know that at Complex, for example, everyone is always rushing when someone debuts something new to get a post up on Instagram because it helps to build the hype machine and help build up steam for those releases.

These newer things like the celebrity co-signs, celebrities being photographed all the time, and celebrities deliberately working with brands to debut sneakers for big events have really changed sneaker media and the way that it operates.

To learn more about how the sneaker industry and media are evolving and growing, consider exploring the world of online sneaker education. If you’ve been looking for an affordable and accessible means to achieve a sneaker education, it can serve as an amazing option.

When it comes to sneaker media, it’s basically just like any other media except that it’s specialized to a sneaker audience in the same way that Auto Trader, for example, is for car buffs or Sports Illustrated is for sports buffs. Sneaker media is for sneakerheads. The only real difference is that sneaker media is still fairly new.

There are a lot of different types of sneaker media. For example, there are actual print magazines, like Sole Collector had for about 10 years, or Slam Kicks. So these are actual print, in-your-hand stories about sneakers and upcoming sneakers that you might want to buy. There are internet blogs, like Sole Collector, Complex Sneakers, Nice Kicks, or Sneaker News, for example. These blogs are kind of the same thing only they’re online-based and a little bit more daily—a little bit more immediate.

Then, there is social media. This could be an Instagram account that you follow for release info, or it could be sort of like a specialized, curated social media platform dedicated to one kind of genre in sneakers. As an example, there are Instagram handles that are solely dedicated to Air Jordans, and there’s nothing else they post on there except Air Jordans.

Sneaker media has really changed with how media itself has been evolving. If you think about it, when was the last time you bought a newspaper? These days, we live in a digital society. We have a smart computer in our pockets practically 24/7, essentially. It’s a lot more fast-paced, and people want their news more immediately, to their phones or laptops, as opposed to waiting for the next season to get their Eastbay, or Kicks, or Sole Collector magazine.

Nowadays, sneaker media is literally any platform you could distribute sneaker-related content on. Anyone can sign up for a free Twitter account. Anyone can sign up for a free Instagram account. Anyone can get a Gmail address and be on YouTube overnight. Back in the day when I first started publishing videos on YouTube, I was using tapes—actual video tapes. These days, you could shoot 4K slow-motion on your iPhone 10.

With that being said, once the barriers to entry come down, you’re going to get content that’s a lot worse overall. If we’re being honest, this is just because you don’t really have to know much or have much to get into it. That being said, though, if you’re really good, and really knowledgeable, and really passionate about what you do, then you can rise above the clutter that exists at the bottom level. If you have an iPhone and you have a social media account, you’re in the game. So to stand out, you really have to be making quality content.

Exploring online sneaker education is a fantastic way to attain all of the knowledge and experience that a sneaker education offers. It requires nothing more than an internet connection and an interest in the subject matter, so consider trying it out.