Reselling Designer Clothes
Our Side Hustles Breakdown
Designer clothes aren’t just about making a style statement; they can also generate significant profit. Reselling high-end brands offers an opportunity to monetize fashion finds, from vintage classics to contemporary couture. To thrive, however, one must have a sharp eye for authenticity, an understanding of brand value, and the ability to cater to a discerning clientele.
- Authenticity Concerns: The market is rife with counterfeits, demanding rigorous authenticity checks.
- Size & Fit Limitations: Unlike generic retail, specific sizes and styles might limit potential buyers.
- High Expectations: Luxury buyers expect pristine quality and customer service, even in resale.
- High Profit Margins: Designer clothes, even second-hand, can fetch premium prices due to their brand value and quality.
- Eco-Friendly Approach: Reselling promotes sustainability, offering fashionistas an eco-friendly shopping choice.
- Wide Market Range: From vintage enthusiasts to budgeted luxury seekers, there’s a diverse audience for resold designer clothes.
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Do you have a passion for designer clothes and luxury accessories? People from all over the globe invest in brand-name outfits for a few reasons.
For starters, they’re incredibly durable and can last for many years. Other than that, these clothes have a persistent value.
That means if you have a closet full of designer outfits you never wear, you may be sitting on a goldmine.
In this article, we’ll cover everything you need to know about reselling designer clothes. We’ll walk you through how much it’ll cost and your earning potential.
An Overview of Reselling Designer Clothes: A Primer
There are countless people out there with closets full of designer handbags and clothes they never use. They collect brand-name items over the years and find it difficult to part with their precious garments.
If you’re one of these individuals, you’re in luck. That’s because designer clothes can maintain a high resale value depending on their condition.
So, your closet may be a treasure trove of expensive inventory. In that case, you may want to consider starting a clothing business.
Not only will this help you make a little extra cash, but you can also run the venture from the comfort of your home.
That makes it the ideal side hustle for a busy designer clothes aficionado.
How Much Can Reselling Designer Clothes Earn You?
According to Statista, the secondhand apparel industry was worth over $177 billion in 2022. That means there’s a huge demand for used clothes.
Typically, as soon as you wear a garment, its value drops significantly. Although, that’s not the case with pre-owned designer clothing.
These designer items can maintain their retail price even years after the original purchase. In fact, there are some garments that’ll appreciate in value over time.
That means your earning potential is quite high. However, how much you make will depend on the items you have hidden away in your closet.
That’s because some luxury brands are in higher demand than others. Here are a few examples of designer labels that maintain a high resale value.
- Louis Vuitton
- Yves Saint Laurent
- Neiman Marcus
- Bottega Veneta
- Stella McCartney
How Much Does it Cost to Start a Side Hustle Reselling Designer Clothes?
There are a few expenses that you need to take into account when launching a secondhand designer resale store.
As a new small business owner, staying on top of these costs can be challenging. So, to help you, we’ll outline some of the expenses you’ll need to cover.
For starters, let’s talk about the paperwork you’ll need. Thankfully, with this side hustle, you won’t need to apply for any licenses.
Yet, that doesn’t mean you don’t need documentation. Most designer clothes come with a certificate of authentication.
This proves that the item you have is worth what you’re asking for. If you held on to all your certificates, then you’re good to go.
However, if you lost the documents over the years, you’ll need to hire an authentication service. Depending on the company you choose, it can cost between $30 to $50 per item.
Besides that, you may want to consider investing in a new camera and computer. This is especially crucial if you plan to sell clothes online.
The camera will help you take better pictures to attract more buyers. As for the computer, it’ll make running an online store much easier.
If you want to learn more about how to sell clothes online, this guide can help you out.
Where Can You Resell Designer Clothes?
One of the first things you have to decide with this venture is where to sell the used clothes. Luckily, there are quite a few options for you to choose from.
In this section, we’ll cover some of the best ways to resell your designer garments.
Where to Independently Resell Designer Clothes?
If you want to sell your designer garments independently, you have a couple of options. First up, you may choose to open up a store.
Although, that’ll take a lot of time, money, and effort. So, it’ll only be worth it if you have a huge catalog of designer clothes.
Other than that, you can opt for a personal online store. It’s much easier and more affordable to set up than a physical shop.
On top of that, if you use a website-building service, you won’t need to put in much effort. There are several businesses that can help you with that.
Some of the most notable names include:
Gig Economy Companies that Offer Gigs Reselling Designer Clothes
If you don’t want to go through the hassle of setting up your own store, you can opt for a gig economy company.
This is a business that’ll help you sell your items for a percentage of the profits.
There are many companies that specialize in reselling designer clothes. A couple of great examples of that are Poshmark and the Vestiaire Collective.
These platforms have over 80 million users, all of whom are on the hunt for a great deal of secondhand designer garments.
Besides that, there are businesses like Plato’s Closet that can help. It’ll make finding buyers a walk in the park and you get 60% to 70% of the profits.
Finally, you can even try reselling on eBay or Facebook Marketplace. Yet, with these resale platforms finding buyers may be a little tricky.
Why You Should Consider Reselling Designer Clothes As a Side Hustle?
In this section, we’ll cover some of the benefits of starting a designer clothes resale business.
- Easy Setup: With this venture, all you’ll need is a closet full of clothes and a computer.
- Flexible Working Hours: You can choose your schedule and work whenever you like.
- No Running Costs: If you sign up for a gig economy service, you won’t have any running costs.
Problems With Reselling Designer Clothes
Here are a few issues that you may face while reselling designer clothes:
- Not All Items Sell: Some designer garments aren’t all that popular. In that case, they may spend months on your shelf without a buyer in sight.
- No Stable Income: With this venture, you can never be sure how much money you’ll make by the end of each month.
- Profit Sharing: You’ll need to pay the gig economy service a portion of your profits.
Frequently Asked Questions
What is the Best Website to Sell Designer Clothes?
There are countless websites that can help you resell designer clothes. These include Poshmark, Plato’s Closet, Vestiaire Collective, The RealReal, and ThreadUp.
What Designer Clothes Have the Highest Resale Value?
Here are a few designer brands that maintain a high resale value: Hermes, Dior, Gucci, Louis Vuitton, and Chanel.