According to the online resale shop, thredUP, 56-million women bought secondhand products in 2018. That’s up from 44-million in 2017. In short, resale shopping is getting more and more popular. But there’s a right and a wrong way to do it. You know who knows a thing or two about saving some cash, especially on clothing? It’s TCL’s Deal Diva, reporter Kelli Hanson.
Poshmark is an online platform to sell your clothes. Simply download the app, take pictures of your clothing items and upload them to the app. You then set your price. When you make a sale, Poshmark will deduct a few. For sales under $15, the fee is a single flat rate of $2.95 and you keep the rest. For sales over $15, Poshmark will keep 20% of the list price. When your item sells, Poshmark will email you a pre-paid pre-addressed shopping label.
thredUP is an online platform for selling clothes, but you don’t post your own pictures. Instead you send in the clothes you don’t want anymore. Order a Clean Out Kit and thredUP will send a bag to fit your clothes. Send the bag back for free, they’ll inspect it, photograph and list your items for you. You can earn cash or shopping credit. You can also order a donation kit and choose to turn your clothes into cash for charities. thredUP will give $5 to a charity of your choice and you’ll receive a donation tax receipt.
Tradesy is an online platform designed for higher end pieces. Start by downloading the Tradesy app and upload photos of your clothes. They’ll enhance your image by removing any background distractions. Then you list details and about your item and set the price. Tradesy deducts a flat commission fee of $7.50 for sold items less than $50. On sold items $50 or more, Tradesy will deduct a low commission rate of 19.8%.
Deal Diva is brought to you by MidCountry Bank. Head to www.midcountry.com/dealdiva for exclusive offers for TCL viewers, like special savings on mortgages and insurance.