Power sellers and top earners from Grailed, Poshmark and StockX weigh in:
Author:Dara PrantPublish date:Jun 3, 2019There's a thrill that comes from making a sale of a long-ignored top from a brand you no longer have an appetite for, which is why so many people have gone from selling a few of their early aughts tanks for extra cash to selling thousands for a downpayment on a house.
"It's certainly becoming much more common for kids in high school or college," says Russ Amidon, the Senior Director of VIP Relations at StockX. "It's very typical today for that age group to get a paid internship or job, but it's getting harder and harder to find something like that if you don't have the experience, so we're seeing a lot of that younger demographic start to do this as entrepreneurs.
Product sourcing can be as simple as digging through your attic for a pair of pre-loved Levi's or running to your nearest Goodwill. "I do what we call label hunting, rather than actually looking at the clothes," explains Welch, who drops into thrift stores and frequents flea markets multiple times a week to maintain an inventory of over 1,000 garments. "I'm just looking at the labels.
Figure out the most efficient way to manage your inventory Once you build up a substantial inventory of Marie Kondo'd clothes, you have to figure out how best to store them and easily locate them when an item is sold. Welch organizes her items by category and size, except Free People — her bestselling brand — gets special treatment.
Exercise Nordstrom-level customer service Secondhand has moved from the fringes to the mainstream, meaning customers who turn to the resale market want a blissful shopping experience that delivers the same level of satisfaction and professionalism as Net-a-Porter or Nordstrom. That means fast shipping and solid packaging. Jean sends all of his bags in their original dust bags or uses his own dust bags if the bag did not come with one.
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