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What is Tradesy?
Tradesy is an online marketplace for pre-owned designer fashion. The company’s vision is that “in the future, every product will have five owners in its lifetime.” Sellers can list all kinds of items from their closets, including clothes, bags, shoes, watches, jewelry, accessories, and they even offer a wedding category.
Among others, buyers can purchase the following brand name fashionable items: Louis Vuitton, Christian Louboutin, Chanel, Gucci, Prada, CÃ©line, Isabel Marant, ChloÃ©, Marc by Marc Jacobs, Valentino, Burberry, Stella McCartney, and Lanvin. All products at Tradesy are reviewed and authenticated by their team of experts.
How does Tradesy work?
It was launched in 2012. Tradesy’s goal is for each product to have five owners in its lifetime. Tradesy wants to design products to be accessible and affordable to everyone.
Through its app, you can list your authentic, designer clothes, bags, shoes, and accessories within 60 seconds. Tradesy selects the price for you and then charges you a flat rate or fee depending on the sales price.
Tradesy even has a wedding category that sells wedding dresses, bridesmaid dresses, and other wedding items.
What are the requirements to list on Tradesy?
Selling on Tradesy involves you taking a photo of the item you want to sell, setting a price based on a list of suggestions, and post it, that’s it! Tradesy claims to take care of the rest. They’ll clean up the photo to make it more appealing to buyers.
How do you earn money on Tradesy?
As a Sellers, you need to download the Tradesy app, take photos, and create a listing, and then the item will become available for sale.
When a sale is completed, sellers can pack it up and mail via USPS using a free shipping kit, or wait for it to be collected.
How much money can you make on Tradesy?
Like all resale platforms, the amount of money you earn depends on your effort.
One thing that factors into your profits is the commission. Tradesy has a flat commission fee of $7.50 for sales under $50. For any sales above this price, they use a rate of 19.8% commission.
Pros of listing on Tradesy
- Flat 9% commission is very competitive
- Complimentary processing of your uploaded images
- When creating a listing, you can see expected earnings after the commission
- Tradesy features 100% authenticated merchandise
- Tradesy accepts returns for Site Credit for most items (unless they are marked as ‘Final Sale’)
- Tradesy offers the possibility to finance your purchase in monthly payments
- Tradesy sends pre-addressed shipping kit to sellers
Cons of listing on Tradesy
- No mobile app for sellers
- Pre-paid (non-ship-it-yourself) shipping options are expensive
- No men’s marketplace
- Tradesy only accepts branded items
- Tradesy will set the price of your listing if you don’t do it
How do I sign up to list on Tradesy?
You can sign up by using your Facebook account and register on Tradesy..
What is the website for Tradesy?
Does Tradesy have an app?
You can choose to sell your items on consignment with Tradsey, allowing you to get plenty of exposure to the luxury items you no longer need. Tradesy charges a 9% commission if you choose to keep the profits and use them for purchasing other items from their online store. But if you decide to cash out the profits, they charge a commission of 11.9%. But some sellers have complained that Tradesy holds sellers’ earnings for 21 days.
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