Do you have a closet full of designer clothing at home? Are you planning to sell some items to declutter, but you’re not sure how?
You’re not alone!
Parting with your prized handbag is tough. We’re sure you want to get the best price to make up for its cost.
Luckily, we’ll teach you the best way to resell designer clothes. Our article will cover all the basic knowledge you need to earn money with fashion.
We even discuss platforms for luxury items and give you a sneak peek into starting a business reselling them!
- Is It Possible to Resell Designer Clothes?
- What Is the Value of Designer Clothes?
- Things to Consider When Reselling Designer Clothes
- Where to Resell Designer Clothes
- What You’ll Need to Resell Designer Clothes
- How to Resell Designer Clothes: Step-By-Step Instructions
- Can You Make Money Flipping Designer Clothes?
- Frequently Asked Questions
- Similar Tutorials to Check Out
- Wrapping Up
Is It Possible to Resell Designer Clothes?
Yes, it’s possible to resell designer clothes from your home!
CNBC reported about a woman who sold all her unwanted clothing after quitting Macy’s. She found it so profitable that she started reselling thrift store pieces and began earning $10,000 a month.
This isn’t an isolated case.
According to a study by McKinsey & Company, the luxury resale market hit $25 to $30 billion in 2020. What’s more, this amount will grow by 10 to 15% each year for the next decade.
Luxury resale sites, like Vestiaire Collective, are available so average people can sell designer clothing in a few clicks. Even brands like Gucci and Balenciaga are starting to make secondhand sales themselves!
What Kinds of Designer Clothes Sell Well?
If you’re thinking of starting a clothing resale side hustle, you may want to focus on luxury apparel.
Aside from the type of item, you should also decide which brands to sell.
According to Statista, Louis Vuitton, Hermes, and Chanel are the most valuable luxury brands as of 2022!
What Is the Value of Designer Clothes?
The value of designer clothing depends on its age, original price, luxury brand, demand, and physical condition.
There are incidences where an item’s value may increase over time. If your item is a limited edition piece in pristine condition, you can sell it for above the retail price.
To find out how much you can sell luxury goods for, you can use AI tools like the Comprehensive Luxury Appraisal Index.
Don’t forget that you should research the general price range for each luxury item. Always record your sales so you can base your prices on similar items you’ve sold.
Do Designer Clothes Lose Value Over Time?
Unfortunately, yes, most designer fashion loses value over time.
CNN reports that resale prices fell by 20% for Louis Vuitton and 17% for Gucci. This is because of less demand for the higher-priced luxury brands.
There are some brands with appreciating value. For instance, the Hermes Birkin designer handbag value is now up by 500%!
According to The RealReal’s director of merchandising, cheaper brands like Bottega Veneta and Miu Miu are in demand.
Things to Consider When Reselling Designer Clothes
Before you start selling your designer clothes, you should consider the following to get more buyers!
Authenticity is the number one priority for customers.
Always check the material, stitching, tags, weight, and color.
You should be aware of the signs of a legitimate product. For instance, a real Michael Kors bag is rigid, while a fake one doesn’t retain its shape.
Don’t forget to research authenticating luxury items!
2. Packaging and Branding
Even though you’re a reseller, it shouldn’t stop you from building a brand.
The trick is to make your business name and have it printed on custom packaging! Doing this increases the quality and price of your resale.
It’ll give your products a professional look, and you can build more trust with your customers.
3. Professional Repairs
Since you’re dealing with second-hand items, some may have dirt or damage. Because of this, it’s a good idea to invest in restoration services.
You may send each piece to a dry cleaning or stain removal service. It’ll give you a good reputation, and ensure you get satisfied customers!
4. Fashion Trends
Trends are the key to increasing your sales!
In the fashion industry, the changing of a season can affect the demand for a product. You should watch out for trends and do research so you know which items will sell at certain times.
It’s even possible to predict the upcoming popularity of an item.
5. Detailed Listings
Lastly, how you list your products online can make a huge difference in sales.
Your products are in a high price range, which means people will want to know if it fits well before they buy them. It’s best if you provide the measurements of each piece.
You should post accurate pictures and let customers know if there’s damage!
Where to Resell Designer Clothes
To get the best prices for your designer clothes, you should avoid Facebook Marketplace. Instead, go for a consignment shop that specializes in luxury fashion.
Here are a few websites to try!
Poshmark is a website and app for selling clothes online. It started in 2011 and soon found its rank beside eBay and Etsy.
By 2019, Poshmark started paying its resellers $2 billion a year!
What Makes This Option Great
What makes Poshmark great is its social networking feature. You can follow sellers you like, and it’s possible to like, share, and comment on listings.
With 40 million members, you’re sure to find a buyer for your designer clothing.
- Fees/Commission: Poshmark only charges you after you make a sale. It takes $2.95 for clothes below $15 and 20% for products above $15.
- Payment Methods: This company sends your earnings to your Poshmark account. You can withdraw it through PayPay, Venmo, direct deposit, check, or Instant Transfer.
2. The RealReal
The RealReal prides itself as the world’s largest luxury reseller. It was founded by former Pets.com CEO, Julie Wainwright.
What Makes This Option Great
The RealReal is a great designer exchange platform because it has employees who do thorough authentication. Everything gets checked for legitimacy.
It makes the consignment process easy with services like free in-home pickup and direct shipping. The company does the listing and marketing process for you as well.
- Fees/Commission: The RealReal gives you a commission of 55% to 70% of the selling price.
- Payment Methods: This company pays you with direct deposit, store credit, or physical checks every 15th day of the month.
The Vestiaire Collective is a global platform for selling luxury clothes online since 2009! It partners with brands like Christian Louboutin and Saint Laurent.
Through this partnership, Vestiaire employees can train under experts for checking authenticity.
What Makes This Option Great
This online store has a global community. It has buyers and sellers from over 50 countries, so you can get country-exclusive products!
- Fees/Commission: Vestiaire Collective takes a 15% fee for items between $80 to $13,000. It charges $12 for all products below $80.
- Payment Methods: You’ll get paid within 24 hours of each sale through PayPal. For a bank deposit, it may take up to five days.
What You’ll Need to Resell Designer Clothes
Here’s what you’ll need to resell designer brands.
- Authentic Designer Pieces: You should ensure that everything you’re selling is authentic and in good condition.
- An Online Platform: There are dozens of online platforms to choose from. Take a look at the community, fees, and payment methods to decide on the right fit for you.
- Knowledge of Pricing: It’s vital to research how to price your items to get the best deals.
- Transparency: You have to let your customers know if an item has any damages.
- Customer Service: Don’t forget to reach out to your shoppers after delivery. Checking in and providing excellent customer service will help you make more sales in the future!
How to Resell Designer Clothes: Step-By-Step Instructions
Here’s a simple guide on how to resell designer clothes.
Step 1. Select the Clothes
When decluttering your closet, choose pieces you no longer want to use. You can also buy items in bulk for reselling.
Bags, clothing, shoes, watches, and even perfume all have a market!
Step 2. Ensure Quality
Ensuring quality means you may have to send certain items out for restoration. What’s more, you can have the clothes professionally cleaned.
Always get rid of wrinkles before snapping a photo and posting online!
Step 3. Determine a Price
Research trends and prices set by your competition and price your goods competitively.
Remember, the cost of some luxury clothing goes down after a while. It’s best to look for items that increase in value over time!
Step 4. Partner With a Reputable Platform
You can start with a luxury garage sale, but it may be easier to find buyers with an online platform.
This way, you can guarantee the authenticity of your products and earn more to recoup the amount you spent.
Can You Make Money Flipping Designer Clothes?
Yes, you can make money by flipping designer clothes.
According to Forbes, one woman found selling her pre-loved clothes so profitable that she started flipping them. Now she makes millions selling luxury goods on eBay!
Once you’re familiarized with the process of reselling, starting a clothing business may be the next step.
What Is a Designer Clothes Resale Business?
Designer clothes resale is a business where you partner with a consignment store to sell slightly used luxury goods.
It involves buying wholesale and selling at retail for profit. This business is a great side hustle, and you can start from home!
To start, you have to be aware of how much people will pay for a designer item. Next, you can buy from reputable sources at a cheaper price and make a listing.
Knowing how much your product is worth is vital for this type of business.
Is Reselling Designer Clothes a Good Way to Make Money?
Yes! Reselling designer clothes is a rising industry.
The Financial Times says the market was worth $37 billion in 2021. It’s rising four times as fast as the brand-new designer clothes industry!
If you’re lucky, a single second-hand designer bag can sell for $200,000 or more. However, there are downsides to the business.
It’s difficult to determine if your item is authentic. If you don’t do your research, you may end up buying a brand that lowers in value over time. A lack of expertise can result in losses.
Frequently Asked Questions
These are common questions we get asked about reselling designer clothes.
What Clothing Brand Has the Best Resale Value?
According to The RealReal’s data, Supreme has the best resale value. This is followed by Van Cleef & Arpels and Louis Vuitton.
Stella McCartney is the top one selling sustainable bags, and Nanushka got a 1090% spike in 2019 searches.
Dior, Gucci, Hermes, and Chanel have the highest return on investment.
What Is the Difference Between Poshmark and The RealReal?
The biggest difference between Poshmark and The RealReal is their business model.
The RealReal takes all its inventory from sellers. It does the listings, authentication, and marketing for each product.
Poshmark lets sellers do it themselves, and it doesn’t keep inventory.
Similar Tutorials to Check Out
If you like the sound of reselling designer clothes, here are more articles you may want to read!
- Resell Supreme: Supreme is one of the best-selling luxury clothing brands today.
- Resell Dresses: Casual, semi-formal, and formal dresses are all in fashion. Reselling dresses may be the perfect side gig for you.
- Resell Watches: The watch market size for 2023 is $97.41 billion. That’s bigger than the designer clothes resale industry!
Whether you want to declutter or start a business, reselling luxury items is a great way to earn extra money.
To do it, you have to research the brands, trends, and selling prices. Don’t forget to choose the right platform for selling your pieces too!
Familiarize yourself with the pitfalls so you can resell designer clothes with a profit.
If you liked our article, please consider sharing it. You can also leave your comments below!