According to thredUp, my unused clothes are worth $700.
This just in by way of Treehugger's Best of Blogher roundup yesterday. thredUP helps you share the clothes you're not wearing and finds new-to-you clothes in other people's closets.
This is Peerflix (DVD sharing) meets a clothing swap. Similar to how Peerflix used to work, items are exchanged through the mail. In this case, you exchange items using prepaid envelopes you buy from the company, $12.50 for three. Unfortunately, Peerflix didn't stay in business. Let's hope thredUP makes a better go of it. The fact that they won't be facing a dramatic technology transition like Peerflix did from DVDs to streaming video may give them a better chance.
Here's the surprise, at least to me since women made up the majority of every clothing swap I've attended. This company was founded by three guys. I do appreciate their data driven approach. A short tutorial I took on the site estimated I had $700 worth of clothes that I'm not using that I could replace with fresh new-to-me threads for $200. An impressive ROI, but not sure I want to turn my closet into a mini-distribution center just yet.
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James, you've obviously done the research on your market. I appreciate that. These sort of calculations are needed to build a sharing industry. And it doesn't have to be perfect to be useful.
Good luck with thredUP!
-Neal
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Seven hundred bucks?! I have trouble believing that.
Personally, I estimate the value of my wardrobe be a negative number: I'd have to pay somebody to take it all away.
Jeremy Adam Smith
www.jeremyadamsmith.com