Dear Adventure Avenue,
I decided to try something new at ThredUP: Their normal consignment-based clean out kit. (Well, I think all kits – even partner kits like the Athleta and GAP kits I’ve done before – will be consignment based). I’m going to share a list of what I sent in, what they accepted, and what actually sold and how much it sold for. I’ll also share what I did with the earnings I made.
What I sent in
What did ThredUP accept?
In this picture above, you will see a list of the items that I sent in. If there is a “yes” next to it, ThredUP accepted the item, if there is a “no”, they did not. I was surprised they didn’t accept the Alice + Olivia blouse as that is a nice brand. I was also surprised they didn’t accept the Express black shirt because they’ve accepted that in the past.
What actually sold on ThredUP?
Out of the 16 items they accepted, only 3 of them sold. I have one more item that is pending sale still, but that item’s payout will only be 19 cents if it goes through.
I was very happy with the Kooples Jacket sale because I had that listed on Poshmark for ages at $50, so I got a lot more on ThredUP than I would have had it sold on Poshmark. The Eight Sixty sleeveless silk top was also a good sale, but I would’ve liked more for the sweatpants.
I was a bit disappointed in my ThredUP experience with this clean out consignment kit because they don’t knock down the price if your item doesn’t sell. You can go in and adjust the price on the item yourself, which is what I did to get this dress to sell, but I had to knock the price down to $5.99 before it sold on the last day it was listed.
The other issue is the consignment period which lasts 30-45 days depending on your item, but if your item doesn’t sell, they keep it on their platform – meaning they receive the entire profit, and you get nada.
With that said, I still made over $70 on this box which is more than I would’ve if I’d just taken it to Goodwill.
How to Cash-Out on ThredUP?
There are two options to redeem your earnings: you can get cash (minus a 25-cent transfer fee if you use Paypal) or you can use your earnings on ThredUP’s website.
With some of my earnings, I redeemed my ThredUP credit for a denim rescue box, which I will in turn sell on Poshmark and hopefully make back all my money and then some. With the remaining amount, I will withdraw it using Paypal as the other payout option is Stripe that takes 25-cents plus 1.5% of your earnings.
Will I do it again?
I think I would consider doing it again because the Kooples payout was very good, but I will try to sell more of my lower quality items to my local Buy-Sell-Trade store. I may also consider sending certain high-quality items to The RealReal instead because I like their structure and payout methods better than ThredUP, but I don’t think you get as much at The RealReal. Perhaps I will do a review of The RealReal soon!
Thanks for reading this post about ThredUP Clean Out consignment kits! Let me know if you’ve tried it out as well and what your experience was. If you’re interested in ThredUp, you can sign up through my link and we’ll each get $10 to spend on their website.
Sincerely,
A
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