Just wondering, is it profitable? I believe the Depop fee is 10% plus payment processing fees, which to me doesn’t sound like a great deal, but then again I’m not really familiar with that whole market.
It is very surprising to me that it's as low as 10%. I bet that even if it were 30% or even 40% it would still be profitable. The way she operates is she buys lots of second hand clothing from Japan, for lets say $5 and then from that lot she sells a pair of jeans for $50. So her profit is $40 on the lot. Maybe she makes 15 sales per week, and boom there's a decent wage.
Numbers are all extrapolated from when I talked to her about her business one weekend a couple months ago. I have no idea how much she actually sells or makes at the moment.
Maybe also interesting to note that this is a scale up from what she already did locally. She's been trading second hand clothing for years now. The Depop thing is new and it transformed her business from being a side gig to a primary source of income.
If you have a dress you’ll no longer wear, you have a few online platforms to sell it on, but they’re not known for fashionable clothing. Nobody will be looking for your clothes on there organically. It drives the price of your clothes down, if you’re even able to sell them at all.
A lot of people use this to recycle interesting fashion and keep their closets and outfits interesting at a really low cost, as my partner does.
You do have flippers of course, it’s common enough that they call Depop-flipped items “repops”. I suspect this can be profitable, but you need to source your items at a great discount.
Sellers are making subminimum wage profits per hour.
On the one hand, a medical resident also makes very close to minimum wage.