For example, ThredUp estimates that you’ll earn only about $0.55 for a pair of Old Navy jeans, but a used Gucci handbag could earn you a payout of $286.84. Maximizing your earnings begins with choosing the right items to resell, whether you’re collecting items from Craigslist or cleaning out your closet. Some users pull in six figures, while others make a little extra cash each month selling used items. For individuals using an online platform such as eBay, Poshmark, or TheRealReal, earnings vary greatly. For used merchandise stores, the average annual revenue per worker has grown to $120,000. The amount you can earn depends on how you resell, what you resell, and how much time and effort you put into your business. How much can you make by becoming a reseller? Reselling is a great business opportunity for people who don’t have the time or know-how to produce their own merchandise, but who can identify items of value that are available for sale. Many resellers also sell their own used items that they no longer need. Reselling essentially means “selling something again.” The resale business model involves purchasing goods and then selling them at a markup to customers through an online platform like eBay, online storefront like Shopify, or a brick-and-mortar secondhand store.
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It's one of the best side hustles out there, and a great idea for how to make money in your spare time. You could make thousands of dollars per month as a reseller, in fact.
And what does that mean for you? That means a variety of goods can be sold, online or in-person, for a surprising amount of cash. These days, there’s something for everyone available for resale. And resale shoppers come from a variety of income brackets and a range of ages. 64% of women are now interested in buying secondhand products, up from just 45% in 2016. Within ten years, secondhand is expected to grow even larger than fast fashion, according to a report from online resale site ThredUp. That’s because buying secondhand is better for the environment and easier on the wallet, making it possible to try more trends without spending or wasting. It has exploded into a world of secondhand Gucci handbags, limited edition sneakers, and temporary wardrobe refreshers from a range of brands. The resale market is no longer just for thrift store aficionados and antique collectors.
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