Friday, August 17, 2012

Thred Up

What is ThredUp?
If you haven't heard of or tried using ThredUp, you are SOOOO missing out! ThredUp is a site where you can buy and sell gently used kids clothes.

How Do I Make Money?
To sell your kids' clothes, simply order a shipping bag, put down a $4.95 deposit and ThredUp covers the cost of the shipping. The deposit is fully refunded when ThredUp receives your bag full of clothes. They price and list your kids' clothes and when the item sells, you get cash through paypal, or a webstore credit. The bag is 24" by 28", so you can fit a lot of clothes into it! When sending your clothes, be sure they are in good shape, freshly laundered, and are free of rips, stains, odors, pilling and other signs of wear. According to their website, you can earn even more money for brand names such as Oilily, Mini Boden, Tea Collection, Hanna Andersson, Guess, Ralph Lauren, Janie & Jack, Gymboree, Gap, Naartjie, Zutano, Jacadi, Hanna Banana, Baby Lulu and Baby Nay; items that are new with tags, and items that are currently in season. You can also participate in their referral program and for every friend that you refer and who makes a purchase, you both get a $10 credit. It doesn't get any better than that!

Earning Potential
ThredUp has a calculator where you can get an idea of how much you can earn for your kids' outgrown clothing. As with most resale stores, your earnings potential depends on the condition, brand, and demand of the clothing. According to my calculations based off what some of their sellers have listed and sold, the earnings potential seems to be right around 5% of what they list your clothing for.

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