This week saw the launch of a new online selling site that caters to selling designer clothing and accessories that the original buyer no longer uses. Tracy DiNunzio, who started Recycled Bride a few years ago, has launched Tradesy. The site may prove to be an alternative to eBay who has been hit pretty hard with a large number of counterfeit items in its marketplace. The site also debuted its mobile app Wednesday to appeal to more buyers and sellers.
Tradesy does seem to be geared toward the individual seller versus the person who is selling many items online. The new marketplace does allow new and gently used items and provides a relatively quick listing process for the less frequent seller. To list, the seller only completes a few description fields and uploads the image. Tradesy then removes the background of the uploaded image and replaces it with a white background automatically. This allows the product to appear as it would on a traditional retail site. It is free to list items on the site and Tradesy takes a 9% fee on any item sold. The site does use PayPal for payment processing.
The site even takes care of the shipping for sellers. Once the transaction has closed, Tradesy will send a pre-paid shipping label and package. The seller then just packages the item and drops it off with the US Postal Service.
While this site does lean toward the high-end designers (Louis Vuitton and Chanel), it allows brands such as Banana Republic and J.Crew as well.
With the fact that counterfeiters can be an issue on sites like this, Tradesy has instituted a policy that it guarantees each item on the site is authentic. If it is not, then Tradesy will provide the buyer a full refund or a site credit (depending on the situation). Generally, all sales on the site are final.
From a seller’s standpoint, this could be the opportunity to showcase your authentic inventory on another site that may have a higher profit margin than eBay does traditionally. It may also be a good source of product if designer items are your niche.
It has only been a few days since the launch. It will be interesting to see how the site develops. If you decide to use Tradesy and would like to share your experiences, please leave a comment below.