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00:00:00 – 00:07:52
Jenny and another speaker share their experiences with consignment platform ThredUp, focusing on sending items for resale. Jenny adjusted prices to maximize profit while the other speaker faced difficulties with low sales and losses due to rejected items. Despite some success, both express reservations about continued selling on ThredUp, with one speaker opting for other business avenues. The videos highlight challenges in resale profitability and suggest exploring alternative selling strategies.
00:00:00
In this segment of the video, Jenny discusses her experience sending a cleanout kit to ThredUp for resale. She sent 25 pieces of clothing last September 2021, with 21 items approved and 4 rejected due to low pricing set by ThredUp. Jenny adjusted prices to maximize potential profit. She created a monitoring sheet to track expected payouts and profits. Despite ThredUp being a popular consignment platform, success in making a profit online is not guaranteed due to pricing factors.
00:03:00
In this segment of the video, the speaker talks about their experience with selling items on an online platform called ThreadUp. They mention having some difficulty selling items, with only seven items sold over a 90-day period. There were returns and recycled items, resulting in a loss of money for the speaker. Ultimately, they decided to stop selling on ThreadUp and expressed a preference for being a buyer rather than a seller on the platform.
00:06:00
In this segment of the video, the speaker discusses their experience with a payout of $82.25, a profit of $45.28, but also a loss of $34.59 due to rejected items in a consignment with ThredUp. They mention avoiding future consignments with ThredUp, focusing on drop shipping and creating digital products instead. The speaker indicates they will not sell ThredUp items anymore but may buy rescue boxes from them. They highlight quick sales but express that it may not be a good strategy.