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On the lookout for a strategy to generate additional money? Contemplate promoting a few of your previous garments.
Greater than half of shoppers — 52% — shopped for secondhand attire final 12 months, in accordance with the 2023 Resale Report from ThredUp, an internet secondhand clothes retailer.
Of all attire bought previously 12 months, one in three objects have been secondhand, ThredUP says. For members of Technology Z, secondhand garments make up two out of each 5 objects they personal.
This pattern towards secondhand clothes signifies that, globally, the secondhand attire market may practically double by 2027 and develop to $350 billion, in accordance with the ThredUp report.
That development may very well be a golden alternative for anybody searching for a strategy to make a couple of additional bucks.
Promoting a few of your previous garments could provide help to rake in a small fortune. Sure garments manufacturers are particularly prone to fetch larger costs, ThredUp says. The ten most sought-after manufacturers are:
- Torrid
- Lululemon Athletica
- Madewell
- Zara
- Free Folks
- Patagonia
- Reformation
- City Outfitters
- Everlane
- Vuori
In compiling its rankings, ThredUp had retail analytics agency International Knowledge survey greater than 3,000 U.S. adults and the highest 50 U.S. vogue retailers to ask about preferences within the secondhand market. International Knowledge additionally assessed the secondhand market in accordance with “client surveys, retailer monitoring, official public information, information sharing, retailer remark, and secondary sources.”
In the report, James Reinhart, co-founder and CEO of ThredUp, says higher pricing is the highest motive why folks look to secondhand garments. Nevertheless it isn’t the one issue:
“Whereas worth continues to be a key driver that motivates shoppers to suppose secondhand first, international local weather points have elevated consciousness of resale’s potential to cut back vogue’s affect on the surroundings. We’re nonetheless within the earliest days of inventing how resale can cut back the continuing manufacturing extra within the attire trade, and I don’t see a world the place we’re going again to the way in which it was.”
Promoting previous garments is only one strategy to make a couple of additional bucks. For extra, take a look at “35 Clever Ways to Make Extra Money.”
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