Making Money with The RealReal: A Guide for Sellers

The RealReal can be a fantastic alternative if you’re wanting to make money selling designer clothing, accessories, and other high-end goods. Smart consumers looking for discounts on designer products frequently visit this online marketplace since it focuses on consignment sales of high-end, authenticated items. But can you earn money as a seller on The RealReal? What you should know is as follows.

It’s crucial to first comprehend how The RealReal functions. The RealReal will manage the authentication procedure, price, listing, and shipment for items that sellers consign with the organization. The seller earns a portion of the sale price when an item sells (often between 60 and 70%, depending on the item and the seller’s contract with The RealReal). The RealReal charges costs for any additional services, such as photography or verification, in addition to a commission on the transaction.

Can you therefore profit from selling to The RealReal? It depends, is the response. You have a fair possibility of turning a decent profit if you have high-end designer goods that are in demand and in good shape. However, you might not get much of a return on your investment if your goods are worn-out, damaged, or not in demand.

Before consigning with The RealReal, it’s often a good idea to research the market and pricing for your products. Consider pricing your items competitively after looking at comparable products that have already sold on the site. Additionally, it’s crucial to keep your expectations in check because, while some products might sell quickly and for a high price, others might take longer to sell and may not bring in as much money as you had thought. Selling on websites like Etsy or Shopify may be a better choice for you if you create handmade goods. It’s crucial to consider the cost of materials, labor, and overhead when setting the price for your handmade goods (this includes things like web hosting fees and marketing costs). To secure a profit, it’s a good idea to charge at least two to three times the cost of the supplies.

There are several platforms to think about if you sell handmade bags. Both Shopify and Etsy are popular options for selling handmade goods. You might also think about selling at regional artisan markets or fairs, or on social media sites like Instagram or Facebook.

It’s crucial to take into account the time and work that went into manufacturing the item when determining the price of handcrafted goods like bags. Charge a fair price that represents the worth and distinctiveness of your work instead of undervaluing it.

Finally, there are a few considerations to make if your goal is to make money specifically from selling designer handbags. The RealReal and other resale platforms take authenticity extremely seriously, so first check to see that your bags are genuine and in good shape. Be prepared to wait for the appropriate customer to come along by doing some market and pricing research for your bags. In order to maximize your chances of making a sale, you might also want to think about consigning with other sites.

In conclusion, there are several platforms to take into consideration whether you’re selling handcrafted goods or designer goods. For designer goods, The RealReal can be a terrific alternative, but it’s crucial to do your homework and have reasonable expectations. Etsy, Shopify, and social media are all excellent choices for handmade goods. Whatever platform you decide on, be careful to set reasonable prices for your products and account for all of your expenses to guarantee a profit.