If you are looking at possible ways to make extra money from home, well, selling on thredUP your used and/or pre-loved clothes is one great idea. You get to declutter, at the same time, earn extra income.
In a news article published by Newsweek, it says that according to the Environmental Protection Agency or EPA, “84 percent of unwanted clothes in the United States in 2012 went into either a landfill or an incinerator”.
To be honest, the number is huge! And imagine the numbers piling up as years go by.
Unfortunately, clothes landing in landfills is not pretty healthy for the environment as some clothes are made using non-biodegradable materials. Needless to say, there are some clothes that are actually made of plastics, which is very unfortunate to the environment if it stays in landfills for years.
However, here’s the thing, we can definitely do something with this problem. More so, get away with it with some extra cash!
You know the saying that goes… “One man’s trash is another man’s treasure”?
Well, you probably get now what we mean, right?
Fortunately, more and more people are loving the idea of selling and buying old clothes, which is definitely a good thing.
Apart from the fact that you get to in a way “recycle” old or pre-loved clothing, you also get to earn money from it.
Unlike before though when you have to set up a garage sale to sell your used clothes and other stuff, today, you can find lots of different online platforms that allow you to sell used or pre-loved stuff — especially clothes. One of the many online platforms out there is thredUP.
Selling on thredUP is absolutely one of the best ideas to let go of your old clothes and make money out of it. Don’t worry, if you are not that familiar with the site, this is exactly what we’re here for.
We are going to particularly talk about the following important details that you need to know especially if thredUP is new to you:
- What is thredUP?
- How does thredUP work?
- How much does it take to sell used clothes on thredUP?
- How much does one make from selling clothes via thredUP?
- How to get the most value from your clothes on thredUP?
- Is using thredUP worth it?
WHAT IS THREDUP?
Founded in 2009, thredUP is currently the world’s largest resale marketplace. It caters to more than 35K brands and resells clothing for up to 90% off the original retail prices.
While thredUP does make a difference in terms of providing solutions to one of the most polluting industries, which is fashion, the company actually started as a men’s shirt swapping company.
Over the years, though, thredUP learned to cope to the needs and demands particularly on resolving fashion pollution problems. Thus, today, the company is the “best way to shop and sell women’s and kids’ clothes with the smallest impact on the planet, your time, and your wallet”.
As stated on the company’s website, “thredUP is reinventing resale with a mission to inspire a new generation of shoppers to think secondhand first.”
They have definitely offered an alternative to used clothing and to consumers as well because to date, thredUP has already redistributed 65 million garments, which honestly is a lot given the problem of textile waste.
HOW DOES THREDUP WORK?
To put it simply, thredUP is an online consignment, at the same time, a thrift store where consumers can buy and sell pre-loved, gently used clothing, handbags, shoes, as well as accessories, and jewelry.
Unlike other similar online platforms out there, thredUP does not have no heavy lifting. All you basically need to do is follow these easy and simple steps to complete the whole thredUP process:
- Order Clean Out Kit
- Pack Items
- Send Bag and Wait for Processing
- Choose Between Consignment and Upfront Payout
- Monitor Items
- Get Your Payout
Order Clean Out Kit
Selling on thredUP is easy. Once you have already decided to what particular stuff to sell, go to their website, and then click on the green tab that says, “Clean Out”.
Then, you got to choose the type of Clean OUt Kit you want to order. The Clean Out Kit basically refers to the bag options, which are:
- FREE Standard Bag – By choosing this option, you won’t be charged for a bag fee, and also, it means no rush for the items to get processed. For this option, processing takes up to three weeks once the bag arrived at thredUP’s facility.
- Expedite Bag – This option requires you to pay a fee of $16, and that processing will be a lot faster than usual. The processing takes within a week of arrival.
Although technically, you use thredUP to resell items, you may also opt to donate them if you do not really care about making money from your pre-loved stuff.
For every bag donated, thredUP gives $5 to a partner charity of your choice. Also, you get a donation tax receipt for every bag. Unfortunately, men’s clothing is not usually accepted by thredUP, however, it can be sent in a donation bag.
Going bag to the bags, thredUP has a return assurance, which means that the company will return any clothes to you if you decide not to push through with the sale, or items that are not accepted from your kit, or if there are items that do not sell while on consignment.
Return assurance, though, costs $11 and will be deducted from your processed bag earnings.
As part of this step, you also need to answer a short questionnaire about the types of items that you want to include in your Clean Out Bag. Then, you will be asked to input your information to complete the order.
Once done, make sure to keep an eye to your email as updated are sent in there.
Once the bags arrive, it’s time to pack your items up. You basically put in the bag all the items you want to let go.
It is important to note though that thredUP does have what they call as Value and Mall Brands, as well as Premium and Designer Brands. Your items will basically fall into either of the two categories.
The category defines how long the listing of the items will take. For Value and Mall Brands, they usually are listed for 60 days only, while Premium and Designer Brands are listed for 90 days.
Additionally, it is also important to note that according to thredUP, they usually accept less than 40% of items in Clean Out Bags. Unaccepted items are either recycled or resold. Unfortunately, you won’t receive any payout from unaccepted items.
Send Bag and Wait for Processing
Once all your items are packed up, it’s time to seal and send it off.
Fortunately, the thredUP bags already comes with a shipping label on it. Also, you can schedule a free USPS pick up or you may opt to drop it off at a post office or FedEx store near you.
Once the bag is already in transit, you will receive another tracking email. You will also receive an email notification as soon as it’s received by thredUP. Along with the email is the time estimate on when your items will be processed.
During the processing period, thredUP does a detailed item evaluation, as well as takes professional photographs of accepted items.
Now, as soon as your items are processed, you will receive another email. Any accepted items will also be posted online for sale.
Choose Between Consignment and Upfront Payout
In the same email, mentioned above, you will also find information about your upfront earnings as well as potential consignment earnings.
At this point, you will have to choose between the two options.
If you opt for the upfront payout, you basically accept thredUP’s estimates and the earnings that the company offers you. Meanwhile, consignment means you have to wait until after 60 to 90 days until the items are sold. Normally, consignment makes more money as compared to upfront payment. However, there’s the possibility of not earning if your items are not sold within the given time.
Monitor Items (For Consignments Only)
If you opt for consignment, then, you have to go through a step. Basically, you have to monitor your items.
What’s nice about it is that, if you find the price set by thredUP on a particular item is not right, you can edit it. You have the power to edit the price. But of course, make sure it’s a reasonable price, otherwise, it might not sell.
Here’s the thing though, your payout depends on how much the selling price of an item is. For instance, if your item’s selling price is from $5 to $19.99, your payout would be 5% to 15%, if it’s within $20 to $49.99, the payout would be 15% to 30%, and the list goes on.
Also, please take note that buyers have 14 days to return the item in case they do not like it. So, you better be ready for that as well. Once the item is returned, though, it will just go back up for sale. Otherwise, earnings from that particular item will be posted to your account.
Get Your Payout
You have the option to either use your earnings to a thredUP purchase, or you may opt to cash out through PayPal or a gift card.
It is important to note, however, that PayPal payouts do have a transfer fee, which is 2%. The good thing though is that you get the money immediately.
Meanwhile, pre-paid gift cards do not have any charges, but the thing is, it usually takes up to 14 days before it’s delivered to you.
So, yeah, it’s up to you to decide which a better option is.
Before we head on to the next section if you are interested in knowing more about how to get started with thredUP and a few tips on strategizing to ensure you get to sell stuff, here’s a very informative video by Side Hustle Network that’ll give you exactly that:
HOW MUCH DOES IT TAKE TO SELL USED CLOTHES ON THREDUP?
Given the service that thredUP provides, it is not surprising if you thought about the cost of using the platform.
Here’s the thing, though, you can actually use the platform for free. However, as mentioned earlier, if you opt to expedite the processing of your items, you have the option to do so at a cost. Expediting the process costs $16. That basically is the processing of your items one week upon arrival at thredUP.
HOW MUCH DOES ONE MAKE FROM SELLING CLOTHES VIA THREDUP?
So, you thought of selling on thredUP, it’s typically normal if you are thinking about how much you can actually make if you use this platform instead of the other platforms available out there.
Fortunately, we’re here to give clarity on this —
Based on thredUP’s website, approximately 40% of the items you sent to them will be accepted. From those items, you are going to make as low as 5% up to 80% of what an item sells depending on its listing price if you are opting for upfront payouts.
Meanwhile, if you are opting for consignment instead, you can make as low as 20% up to 95% of what an item sells for based on the item’s listing price. Obviously, consignments pay higher as compared to payouts.
Furthermore, if you have luxury items, you are up to earn an additional 10% if they’re listed for more than $100,000.
To be fair, the pricing is pretty reasonable enough.
For your reference though, see below table:
|thredUP Listing Price||Standard Payout||LUXE Payout|
HOW TO GET THE MOST VALUE FROM YOUR CLOTHES ON THREDUP?
By this time, you are probably wondering how you can actually get the most value from your clothes on the site.
Well, we’re going to share with you a few tips that will surely help you make the most of what you have. After all, you’re in it to make money, right?
Every so often, make sure to declutter — especially with clothes. Clothes are probably one of the things people usually buy apart from food. So, yeah, make sure to check what you have, and let go of the things that you hardly use anymore.
When decluttering your stuff though, make sure to sort them out based on certain categories like:
High-Value Items – This category includes clothes that are either new or like-new and that these items are branded or designer clothes.
Low-Value Items – These are items that were purchased from a less expensive store like Old Navy, Kohl’s, and other obscure brands. You may also include items that are slightly faded, worn, or stretched in this category.
Wash Them Off
As much as possible, you want to make a good amount of money on your stuff, right? One thing to ensure good results when selling items is to make sure that the items are in very good, and clean condition.
So, before you even pack them away, make sure to dry clean or wash the clothes first.
At the end of the day, as a buyer, you want to receive clean stuff, right? Otherwise, you have no choice but to return the item, which is something you do not want if you are the seller.
Ship Seasonally Appropriate Items
Another secret to ensure you get to make the best out of the items you have is to only sell them at an appropriate time.
Again, the goal is to sell these items. For sure, no one’s going to care about your cute swimsuit if you’re selling it in wintertime, right?
People usually shop for clothes based on the need, and one of the factors that are also considered is the season.
So, it makes sense, right?
IS USING THREDUP WORTH IT?
In this section, we are going to answer one of the most common questions people ask about platforms like thredUP — is it worth it?
To be honest, how worth it thredUP is depends on the user.
Yes, it depends on one person to another. It may work out well for one, but not for the other person.
Although for us, we thought that thredUP is worth it especially if you have tons of clothing that need new owners.
Definitely, how thredUP works may be a little different from other online marketplaces, but what we particularly like about it is that at the end of the day, it offers an alternative for people who wants to make money from old stuff, at the same time, you get that sense of fulfillment knowing you are able to address environmental problems concerning textile or fashion waste. Honestly, that alone is super worth it.
Also, we like the fact that the site is authentic, and that it’s legit. Needless to say, it provides you options on how you want to make money – via payout or consignment.
FINAL THOUGHTS ABOUT SELLING ON THREDUP
Textile wastes is a pressing problem, to be honest. So, knowing that there’s a company such as thredUP that does something to help address this issue is a very good thing.
We also like the fact that the website provides people an alternative on how to let go of their stuff without having to worry about how to actually sell them because thredUP does it for you.
Given all these details, are you up to use thredUP?