Depop in England was founded by Simon Beckerman in 2011 as a social network where readers of PIG magazine could buy items from the young creatives featured in the magazine. More about Depop.
Etsy just announced it will be acquiring the fashion resale app Depop for $1.6 billion.
Not only is the fashion resale industry the fastest-growing segment of retail, but independent resellers are a big chunk of the business. 2020 was a year that saw not just a huge surge of e-commerce, but also the flourishing of a lot of smaller businesses and cottage industries as a swathe of people opted to shop locally and support individuals and buy more used goods — areas where Depop plays very strong.
Reselling apps like The Real Real, Poshmark, Tradesy, and Mercari in addition to one of the originals – eBay – have made it very easy for resellers to start a business with very little overhead. Once they have an established following, many have gone on to have their own websites and then brick-and-mortar stores.
We have found many independent resellers who have cornered a niche in the market and are very successful. Their brand personality creates a unique bond with their customers, the majority of whom they never meet in person. People happily return to shopping websites of value to them, and they had a good experience.
What niche do you love? Are luxury handbags your passion? Are you always on the lookout for vintage glass wear? Have you been stopping at every sports memorabilia shop looking for a specific trading card?
Truth is that the best resellers started out as collectors.
Just think – your resale business could be the next one acquired for a considerable amount of money. Read more about Etsy’s acquisition.
One of our international clients dreamed of being a version of The Real Real in their country. With a combination of brick & mortar and e-commerce, they are now billing millions of dollars a year trending upward every month.
You have a lot of choices in resale, consignment, estate sale, pawn shop, and swap meet software. Aravenda is the only platform that offers 24/7 service and enables inbound shipping allowing someone who has a dream of becoming the next Real Real to actually execute it.
I would love to chat with you about taking your resale business to the next level.