If you’re a fashion enthusiast, you’ve probably heard of ThredUP. If you haven’t, it’s an online consignment shop that you can leverage to sell your used clothes. However, before you try to sell your used clothes on ThredUP, there are things you need to know:
Before you sell clothes for money on ThredUP, know that it’s a for-profit platform
You have to make peace with the fact that ThredUP is a business. That means they buy used clothes and resell at a much higher price, which means they are in it to make a profit. ThredUP has costs to take care of, such as shipping, site maintenance, warehouses, and employees. These can add up their overall business cost. That’s why they will deduct a significant percentage as commission for any cloth sale they make for you.
To sell clothes to make money efficiently on ThredUP, know that it’s a buyer’s market
This means that sellers don’t set up accounts on ThredUP. Only buyers do. ThredUp buys clothes from you and lists them on their website to sell at a much higher price. That means they value buyers more than sellers. For example, when you visit the ThredUP webpage, you’ll notice that there are a lot of discount codes that invite customers to save 40%. There is only one way the platform can be able to offer customers that kind of discount: Buying clothes from sellers at low prices. That’s means if you had envisaged selling one of your clothes for $50, you might end up being paid half of that amount.
Know that you must pay ThredUP before you sell clothes for money
Before you decide to sell clothes on ThredUP, know that you have to pay them up front to accept, process and list your clothes on their website. This is the most agonizing fact about ThredUp for any business person looking to sell clothes on the platform. For someone who wants to declutter their closet and get some cash, this can be way beyond their means. Even many established business people will not agree with this policy. Only those who know the potential of ThredUP can pay upfront to sell their items on ThredUP.
ThredUP is one of the largest and popular clothes selling marketplaces out there. But to succeed in selling your clothes on the platform, you must know the ins and outs of it. The adage is true, ‘’you can’t conquer what you don’t understand.’’ Therefore, this highlight gives you a starting point for understanding ThredUP.
— Inex Online (@INEXonline) 29 de mayo de 2018
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