Friday, 18 July 2014

How much ca$h is $tashed in your clo$et?

It's no secret that Swapzaar is inspired by new-age fashion resale websites like Threadflip, ThredUp and The RealReal. We love these brilliant fashion resale brands which havae managed to carve a niche for themselves in such a short time. Fashion resale is a hot place to be in right now, it is predicted to grow at 16% every year!!

But what we are really, really, inspired by, is the power of the internet (and technology in general) in driving innovation across all businesses and domains of the fashion Industry. In Design, Supply Chain, Manufacturing and in Retail/ eCommerce- technology is actually creating more value and jobs than we could have imagined.
So cheers and more power to FashTech startups, we say!

But, more on all that later...

What we would like to mention is, how these new business models that are being created by the internet, are not just "interesting ideas", but are getting serious investment and high valuations. Which means that even hard-core Wall Street financier types see the potential in them, and firmly believe that innovative internet driven fashion business models are here to stay.
To quote Victor Hugo- " On résiste à l'invasion des armées; on ne résiste pas à l'invasion des idées."
Which means- Nothing is as powerful as an idea whose time has come.

Here is a detailed report from ThredUp on the US fashion resale market, with best practices and tips for it's customers. You might like to check it out, full of amazing insights including which brands have the most resale value!

Below is a fun infographic from Swapzaar, about how you could be sitting on a bunch of cash in your closet.
and why you really should consider a resale website like us, to monetize all your idle fashion stuff, only to make way for new stuff that you can enjoy.

We would love to have your fashionable items listed with us!
As the community grows, so will the fun- we promise.

Let us know why would or wouldn't consider making money off the completely brilliant stuff sitting idle
 in your wardrobe!!


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Beluxed Team