Many people in this world purchase new clothes frequently and transform their wardrobe. However, some cannot afford to purchase high-value garments regularly. The ThredUP platform is exclusively for lower-economic and middle-class customers to purchase second-hand clothes (that are resold after usage).
It was founded in Massachusetts in 2009, and the company is headquartered in California now. ThredUP has become the world’s number one fashion resale platform by offering heavy discounts on famous brands.
How has ThredUP performed in the market in 2021?
It earned a whopping $55.7 million in revenue – in the first quarter (January to March) this year. The total earnings increased by 15.2%.
The gross profit grew by an impressive 71% – and the American company pocketed a humongous $40 million.
ThredUP processed a mind-boggling 1.13 million orders – for 1.29 million active customers in the first 3 months of 2021.
The online platform is aggressively expanding – its business operations after raising $175.5 million through an Initial Public Offering (IPO).
ThredUP is predicting the revenue from the second quarter – (April to June 2021) to be in the range of $53 to $55 million. It is targeting a yearly revenue of $223 to $229 million.
Entrepreneurs aiming to transform the global fashion industry can collaborate with AppDupe for customized ThredUP clone app development. We will create user-friendly Android and iOS apps for customers and sellers. A modern web panel will ensure a glitch-free shopping experience for fashion lovers. An advanced admin dashboard will help in controlling the day-to-day business operations efficiently.
How does the ThredUP clone function?
The entrepreneurs have to purchase a wide variety of secondhand clothing (men’s, women’s, and kids garments) from well-known brands and suppliers. The manufacturers will be given either a cash or credit guarantee, and they will receive the full payment once their goods are sold to customers on the online marketplace.
They have to store all the fashion inventory in a secure distribution centre or a warehouse. An app like ThredUP generates huge revenue by taking a commission from the sale of each garment on the platform.
It also earns income by purchasing used clothes from customers and reselling them to other users directly. The ThredUP clone is a perfect example of the concept of Resale as a Service (RaaS).
Who are the biggest users of an app like ThredUP?
The Gen-Z customers (in the age group of 6 and 24 years) and millennials (age range of 25 to 40 years) are the regular users of the ThredUP clone script. It is also utilized by daily wage workers and working professionals.
Environment-friendly conscious customers use the ThredUP clone as they do not want to waste precious resources in purchasing a brand-new garment.
What are the fantastic features of the ThredUP app clone?
Availability of a variety of accessories and apparel
The ThredUP app clone sells different kinds of coats, handbags, jackets, jeans, pants, shoes, skirts, sweaters, swimwear.
Numerous discounts and offers for new customers
The new users of an app like ThredUP can get their first order at only 50% of the market price. Additionally, they get hefty discounts from more than 35,000 national and international brands.
A social media login option
The shoppers can sync their Facebook, Instagram, and Twitter accounts while signing up on the ThredUP clone. Besides, customers can link their Amazon e-commerce account and compare the prices of fashion accessories directly.
Shop by Deals Section
Economical shopping is facilitated for the users as they can purchase garments under various categories ( below $6, $10, $15, and $20). The entrepreneurs have full freedom to change the prices mentioned in the deals anytime according to the business requirements.
ThredUP Plus-Size Clothing
The ThredUP clone script makes people feel comfortable and proud of their bodies and dimensions. Customers who are overweight can purchase Plus-Size clothing and look great in their outfits. Subsequently, clothes are offered in multiple sizes like XL, 1X Plus, XXL, 2X Plus, and 3X Plus.
ThredUP Cleanout Kit
Customers can sell their used clothes easily by using the spacious ThredUP Cleanout Kit. They can directly send it to the platform’s selling stores through FedEx or United States Postal Service (USPS). The users will receive the required amount in cash or shopping credit points after the successful sale of their second-hand garments.
The existing customers of the ThredUP clone can share valuable Gift Cards with their colleagues, family members, and friends. The shoppers can also contribute to the global cause of reducing fashion waste through a decrease in carbon emission and water consumption for producing new clothes.
Customers can order 10 of their favourite apparel in a grand Goody Boxes. The garments will perfectly suit the budget, size, and taste of the users. In case shoppers are not satisfied with the quality of the clothes, they can return the goods for free along with the prepaid shipping label within 7 days.
An app like ThredUP offers several fashion accessories themed on Smart Colour Coordination, Vacation, and Work from Home (WFH). It also sells garments to shoppers based on the latest market trends like floral dresses and ruffle blouses.
Acceptance of a variety of payment methods
The ThredUP clone allows shoppers to pay through Affirm, Amazon Pay, American Express, credit cards, debit cards, Discover, Google Pay, Japan Credit Bureau (JCB), Mastercard, PayPal, and Visa. This ensures the quick settlement of funds for the retailers and other fashion sellers.
Customers can buy fashion products from the leading brands like Adidas, Cherokee, Disney, Fila Sport, Fossil, Gap, Harley Davidson, Jennifer Lopez, Kate Spade, Levi’s, Moda International, Nike, Ralph Lauren, Reebok, Skechers, Tommy Hilfiger, US Polo Association, and many more.
Entrepreneurs can add new brands to the ThredUP clone script and keep the customers hooked to the valuable collections.
Compliance with the CCPA
The ThredUP clone follows all the guidelines and rules of the California Consumer Privacy Act (CCPA). It ensures a high level of privacy and security for customers.
Provision of round-the-clock customer support
The shoppers can resolve their complaints and grievances by getting in touch with the technical support team. Instant assistance is available 24×7 via chat, email, and phone.
What is the total budget to allot for tailor-made ThredUP Clone App Development?
The cost of creating the feature-filled ThredUP clone script depends on the selection of basic and advanced features, the hourly charges paid to the front-end and back-end developers, level of customization, the time that is taken for development, type of tech stack, and third-party API integration.
Besides, extra expenses will have to be allocated for bug-fixing, maintenance services, software upgrades, and technical support.
The trend of Fast Fashion propelled by the “Use and Throw” culture affects the environment and sustainability of the planet severely. The fashion products that are disposed of by customers end up in landfills or incinerators and lead to huge problems in waste management for government authorities.
Progressive-thinking entrepreneurs can be a big game-changer in the global fashion industry by selling used clothes on an app like ThredUP made with advanced technology by AppDupe.
Offer an affordable fashion shopping experience through ThredUP Clone App
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