Yahoo Finance How to Sell Used Clothes Online With Sites Like Poshmark, Threadflip and Tradesy
When it’s time to clear out the closets and push the refresh button on your style, don’t overlook the option of selling used clothing — especially used designer clothing — online. It’s easier than ever to send your old clothes, shoes and accessories to online consignment stores or resale sites like ThredUP, Poshmark, Tradesy or SnobSwap and make money on the gently used items cluttering your closet. Consigning and reselling are great ways to earn some extra cash as a side income — or pay for that next shopping spree.
Where to Sell Used Clothes Online
Resale shopping is on the rise, and there are currently 25,000 resale, consignment and not-for-profit resale shops in the U.S., according to the Association of Resale Professionals.
People who know how to sell used clothes also know how to make money online without getting a job. Augmented marketplaces that include sites like ThredUP and The RealReal are replacing traditional online marketplace platforms by taking on the logistics, photography and customer service for sellers of used designer clothing, according to the ThredUP 2017 Annual Resale Report. It’s becoming an increasingly competitive market for online resellers — consignment store Threadflip shut down in January 2016, and sites like the ASOS Marketplace and VarageSale are taking center stage.
Today, you can shop online consignment stores to find a great deal, or sell clothes online to earn some extra cash. You could also save money by repurposing those thrift-store finds like the founder of ReFashionista does, transforming basic pieces into something new and trendy.
You can find easy ways to make money on your old clothes outside of selling them on eBay or becoming the next Instagram celebrity. To get you started, here are some popular online consignment stores where you can sell clothes online:
1. Poshmark
Poshmark appeals to fashion lovers with vintage or pre-owned designer clothes they’re ready to part with. Upload photos of your items using the free app, write a description and set a price. You can attend Posh Parties to sell items to friends and people you invite. When the items sells, you’ll be sent a prepaid shipping label so you can drop the item off at a USPS drop box.
The company charges different fees depending on the amount of the sale. For sales under $15, you’ll be charged a flat rate of $2.95. For sales of $15 or more, the fee is 20 percent of the listing price. Poshmark takes care of all the financial transaction fees and provides a prepaid shipping label, so there are no other costs involved to make the sale.
2. ThredUP
When you’re ready for a closet clean-out, you can order a Clean Out Kit for $9.99 from ThredUP. The bag included in the kit works as your shipment bag and can be filled with everything from women’s and kids’ apparel to shoes and accessories that are in great condition. The store won’t accept items with stains, holes, pilling or signs of wear.
Also Learn: How to Sell Gift Cards Online for Cash
3. Tradesy
As long as your used designer clothing and other designer items are in good condition, Tradesy will help you sell virtually anything in your closet with a few screen swipes. You’ll get a free shipping kit once your item is sold. The company deducts a $7.50 commission fee for items under $50 and a 19.8 percent commission for items over $50. You have the option to withdraw those funds directly to a PayPal account, load to a debit card or get an Automated Clearing House transfer.
4. The RealReal
Browse The RealReal’s Designer Directory to see what types of items the store will accept.
Individuals with 10 or more luxury items suitable for consignment can make use of The RealReal’s White Glove Service for at-home pickup. With less than 10 items, you will get a prepaid FedEx shipping label to ship all your items in. Full-service consignment with a free in-home pickup is available in many areas with the White Glove Service, or you can get an in-person valuation at a store.
Your items will be listed in the Designer Directory if they are authentic, and you’ll receive a payment once they sell. You can earn up to 70 percent of the sale price of your designer clothing — and 80-85 percent on high-value watches, purses and men’s sneakers.
5. SnobSwap
SnobSwap is an aggregator of designer boutiques that carry high-end pieces and trendy styles, giving you access to a larger inventory of available items. It only accepts the designer brands listed on its site.
SnobSwap offers a slightly different approach: You must consign with one of the consignment boutique partners, where you make an appointment and the items get listed on the site and placed in the store. If you decide to consign online, you can request free White Glove Consignment service via the Luxury Garage Sale. The company schedules at-home pick-ups in many major cities and drop-off options at partner boutiques. Alternatively, SnobSwap will send a prepaid shipping label so you can send in your items.
Related: 101 Ways to Make Money Without a 9 to 5
6. Depop
For those who prefer using their mobile device instead of a desktop computer, this app provides all the benefits of online consignment store selling and buying from your smartphone or tablet computer. You can download the app and list items you want to sell in person or by shipping them to the buyer. Sellers can sell everything from pre-loved clothing to vintage goods, and name their own price. The app also gives you information on local meetups and Depop parties in major cities.
7. Swap.com
It claims to be the largest online consignment and thrift store for everything from women’s clothing to kids’ items. This company will give you a price it will pay for accepted items you send via an Inbound Box. You request this box and get a prepaid shipping label and send in your items for review, and Swap.com will list everything for you.
When the item sells, you can take a cash payout or get store credit to spend on Swap.com. Before you begin, it’s a good idea to review the acceptance criteria listed in the Help Center so you have a fair idea of what items are accepted and in what condition.
It might be worth checking to see if some of those gently used clothes that no longer fit or that you know you aren’t going to wear are worth selling through an online consignment store. Consider posting your items for sale with any of the stores listed above to sell used clothes online in just a few clicks.
Related: 20 Hidden Sources of Income Lying Around Your House
This article originally appeared on GOBankingRates.com: How to Sell Used Clothes Online With Sites Like Poshmark, Threadflip and Tradesy
