Thredup Benefits From Savings, Sustainability and Unique Finds

Thredup’s customers benefit from savings, sustainability and unique finds. And the company benefits from a self-service model that minimizes its direct customer service costs.

Retailers can also monetize worn, returned inventory on the site. This is called power clean out. It’s something that Modern has seen many retailers offer.

1. Save Money

thredUP is the first online consignment company to offer an expansive catalog of brand-name and designer clothing at a fraction of retail prices. This makes it easier to find the perfect outfit for any occasion, and the company’s free shipping option saves even more money.

If you’re not interested in making money, you can choose the “Free Donation Bag” to donate all the clothes in your Clean Out Bag to a partner charity of your choice and receive a donation tax receipt. The service also allows you to send men’s items, which are not accepted in the free standard Clean Out bags.

Buyers benefit from shopping resale by saving money, finding unique finds, and contributing to the reuse of valuable fabrics that would otherwise be sent to landfills.

2. Recycle Your Clothes

The company aims to reduce the amount of waste produced by the fashion industry. They do this by offering consumers the option to donate their unwanted clothes, or sell them through their thredUP service.

Sellers can order a Clean Out Kit online and receive a free bag to fill with high-quality women’s and children’s clothing, handbags, shoes, fashion, and accessories to send in for processing. The company then processes the contents and lists them for sale. Sellers can earn cash, thredUP online credits, select partner credit, or charitable donation receipts for items that sell.

The company uses search, social media, influencers, television, direct mail, RaaS partnerships, referral programs, and organic word of mouth to drive traffic to their marketplace. They also help brands and retailers integrate resale into their operations to drive sales, build brand loyalty, and boost sustainability.

3. Find Great Deals

Thrifting can be a bit like a treasure hunt, with lots of surprises tucked away on racks and shelves. ThredUP takes the guesswork out of finding great deals by providing a comprehensive and organized online catalog.

The company’s website includes self-help resources, a blog called thrEDIT and phone and email support for customers. The site also offers information for sellers about item payouts and how to prepare items for sale.

Buyers can shop for clothes, shoes and accessories from designer brands and other popular stores. The company’s expansive catalog can be overwhelming, so buyers are encouraged to use filters and sorting options to narrow down their choices. They can also combine coupons and other discounts to maximize savings. Buyers can pay for items using a major American credit card, or with store credit earned through the Goody Counters loyalty program.

4. Support Local Businesses

ThredUP offers a full-service solution for brands and retailers that wants to deliver modern, secondhand shopping experiences for their consumers. The platform integrates with their existing infrastructure and provides access to their resale inventory.

To date, thredUP has redistributed over 65 million garments through their online marketplace of high-quality women’s and children’s clothes, handbags and shoes, as well as accessories. The company also accepts clothing donations through their Clean Out Donation Bag program, donating the items to charities in the communities where they work and live.

The company is currently in a growth phase, trying to inspire a new generation of buyers and sellers to think secondhand first. They do this by offering shoppers and sellers shopping value, a unique assortment of quality secondhand fashion, and an easy online resale experience.

5. Get Paid

You can earn cash by submitting your old clothes to Thredup. The company pays you for clothes that meet its standards and sell well on its website. Its payout estimator helps you get a clear idea of how much money you can expect to make from your submissions.

To get started, you can request a Clean Out Kit or fill up your own box and use a prepaid shipping label to ship it back to the company. Once your items have been screened and processed, you can get paid by transfer to PayPal or a thredUP Visa Prepaid Card.

Selling on Thredup may pay less than other platforms like eBay and Poshmark, but it is easier and requires no upfront investment of your time. It may be worth it to you if you are motivated by the convenience of the process and want to reduce waste.