If you’re looking for an easy way to earn money, selling things from your closet could be a great option.
Online consignment and thrift store thredUP just released its 2020 Resale Report. It shows the state of thrift shopping today, including the items with the highest resale value.
The merchandise highlighted in the report also lets you see whether any of the pieces in your closet could attract some big bucks online.
To come up with the rankings, thredUP evaluated more than 35,000 brands on its platform and scored them based on the following factors:
- Demand
- Virality (the number of people who shared a listing relative to the number of unique views)
- Value to the seller
Resell These Items to Earn Extra Money
According to thredUP, the secondhand retail market is expected to double over the next 10 years. If you want to see what types of items attract the most money secondhand compared to their original prices, here are the top five resellable categories and brands:
1. Bags
Brands include:
- Gucci satchel
- Louis Vuitton shoulder bag
- Tory Burch backpack
- Michael Kors leather satchel
- Madewell leather bag
2. Outerwear
Brands include:
- Patagonia jacket
- Lululemon jacket
- Vince wool coat
- Coach trench coat
- Burberry coat
3. Dresses
Brands include:
- Anthropologie
- Free People
- Madewell
- Diane von Furstenberg
- Prada
4. Boots
Brands include:
- FRYE
- Doc Martens
- UGG
- rag & bone
- Cole Haan
5. Sweaters
Brands include:
- Veronica Beard cashmere sweater
- rag & bone turtleneck sweater
- Coach wool sweater
- Patagonia cashmere sweater
- Everlane cashmere cardigan
Read the entire 2020 Resale Report from thredUP.
Final Thought
Selling your used items can be a great way to make extra cash. If you’ve never used a service like thredUP before, read Team Clark’s full thredUP review to learn everything you need to know.
