And for sellers, there are no listing fees, and essentially nothing to lose until you sell an item — for the record, Tradesy takes a nine percent commission for every sale.
Of course simply eyeing a photograph isn’t entirely fool proof, even for professionals, but Tradesy eats any losses. As for all the returned clothingm it’ll find a home in a closet full of returned items at Tradesy headquarters.
Tradesy isn’t DiNunzio’s first startup, and she knows a thing or two about the resale industry. She and her staff are actively monitoring the Tradesy community and call themselves the “Zappos of women’s fashion resale,” a reference to Tony Hsieh’s well-regarded business model that transformed Zappos. After sellers photograph their unwanted clothes and accessories to list on the site, the Tradesy team will spruce up amateurish photographs. Shipping is included in the price of the item (between $1 and $6) and buyers will receive their purchases in a Tradesy branded box. Any purchases that you’re unsatisfied with can be sent to Tradesy for “store credit.” While sellers will get banned, the site will soon launch mechanisms to rate and verify sellers.
This time around, after initially bootstrapping the development of Tradesy she’s hit her stride and just raised $1.5 million in funding from investors. It’s worth mentioning that Tradesy employs a team of experts that can spot a counterfeit from a mile away.
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