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When you update your listings, you edit one aspect of it, whether that be the price, the hashtags or the description. Lastly, Yeo and Milk recommend being consistent by adding new listings and updating them every day. In order to account for these costs, you may want to price your item at $30. For example, if you think your item is worth $20, shipping could cost $7, the Depop and Paypal fee would be around $2.80, so you'd up with $10 in net revenue, and that doesn't even include what you paid to acquire the item.
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If you choose to offer free shipping, you'll have to build in that cost plus the fees taken by Depop and Paypal. Yeo charges her buyers shipping because she believes that businesses should be compensated for the labor, materials and costs that go into shipping items. However, the caveat is that items are more likely to sell if you offer free shipping: Depop claims that your item may be up to 60% more likely to sell if you cover the costs of shipping. Yeo seeks out natural fibers when they go thrifting while Lyuu looks for clothing that she can repair.Īs a seller, you'll have the option of either paying for shipping yourself or charging the buyer for shipping.
When it comes to finding items, Milk, Lyuu and Yeo all purchase second hand items from thrift stores. For Lyuu, this means regularly buying Vivienne Westwood and early 2000s Dior items as well as remaking some of her custom designs. It's also important for sellers to be attuned to what buyers want. "It's important to keep a sense of yourself in your shop, because if you create that niche people are going to constantly come back for that," Yeo said.
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Mary Milk, another top seller who has been selling clothing on Depop full time for four years, recommends finding a 'unique edge' for your shop - one that makes your store different from others, whether that be in the items you sell or how you style your photos. On top of that, payments processor Paypal takes an additional 2.9% and $0.20 per transaction. Depop collects a 10% fee for each item sold on the platform. While Depop doesn't charge you for having account, they do take a cut out of each transaction. You'll also need to create Paypal account in order to receive payments for the items you sell.
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The app is available in the Apple Store and the Google Play Store and you can open an account for free (there is a web version of Depop but the app has more functionality). Selling on Depop is simple: all you'll need is a phone and a Paypal account. From Yeo's Depop shop, which they describe as having a cottagecore (think florals, flowy silhouettes and greenery) and light and dark academia (think tweed pants, plaid and blazers) aesthetic, they make between $1,500 and $2,500 a month. In June 2021, Etsy saw potential in the burgeoning platform and purchased it for more than $1.6 billion.Īllison Yeo, a 22-year-old in Sacramento and another top seller, uses Depop to supplement the income they make as an engineer, selling mostly cotton, silk and linen blouses and sweaters they find at local thrift stores. It doubles as a resale and social media platform where sellers and buyers can DM one another, like items and follow one another. It's obvious why Depop is popular among young people.
Depop, however, is distinct from other resell platforms because of its popularity among Gen-Zers: 90% of its users are under the age of 26.
Depop exists among a plethora of other resell, e-commerce and shopping platforms such as Etsy and Poshmark. Though most Depop sellers aren't top sellers, Lyuu is just one of the more than 30 million users on the platform. While Lyuu wasn't comfortable sharing how much money she makes from Depop, she's quick to note that she makes enough money to have paid off two years of college tuition and more than she would have as a an entry-level research assistant. She is now a top seller (a status that indicates your store has hit certain monthly sales targets and has a high average rating) on the social shopping platform Depop where people sell everything from vintage clothing to handmade jewelry.
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