Pandemic, inflation, war. Wallets are empty, the cost of living is exploding. More and more consumers are discovering a way out: second-hand products.
Shopping is becoming more expensive every day. Inflation is 7.4 percent, the highest level in 40 years, and due to supply shortages, the prices of some products are also rising until they are no longer available.
The imminent loss in value of money scares many people: according to a survey by the Institute for Retail Research (IFH), more than half of consumers fear that soon they will no longer be able to maintain their standard of living. About two thirds of respondents said they wanted to reduce their spending accordingly.
“Buying second-hand textiles or electronics is a relatively painless way to keep money together,” says Kai Hudetz, chief executive of IFH.
Whether it’s a flea market, thrift store or app – there are no delivery bottlenecks and new daily prices when buying used items. Instead, there are other hatches that can be bypassed, in contrast to inflation.
Apps and online portals
Second hand clothing is as easy to buy online as new. The list of flea market apps and buying and selling portals is getting longer and longer.
- Momox fashion: The second-hand giant is both a buyer and a department store of used clothing, shoes, and accessories.
- Rebel has specialized in the sale of used designer goods.
- Sellpy: An offer from the H&M group, which also includes the Monki, Cos, Weekday and Arket chains. Supplier with 30-day return option!
- Shpock: The flea market app is a competitor to eBay ads.
- TO Municipal dressing room there is also second-hand clothing from designers and luxury brands, sold by individuals from all over the world.
- Won is the largest second-hand goods supplier in Germany with a total of 8.5 million users.
- Circle is the second hand range of Zalando.
A distinction is made between two business models: in Vinted and Shpock, for example, individuals buy from individuals. On the other hand, the agreement between companies and consumers takes place through buying and selling portals such as Momox Fashion or Sellpy.
If you want to sell clothing from Sellpy, you can order a free mailing envelope and send the goods to you. Sellpy takes care of the photography, description and placement of the ad in the shop and collects a commission. Up to a value of 50 euros, the seller receives 40 percent of the proceeds, with everything above 90 percent.
▶ ︎ Advantages:
- Shopping at any time of day or night – the Internet is always open.
- Search masks and filters make navigation easier.
- On reputable sales portals you can be sure that the clothes are clean, intact and genuine. Plagiarism is solved here.
- Authenticity is also guaranteed for agreements between two private individuals: most suppliers block users who sell counterfeit products and are consequently rated negatively. As long as you shop with a portal verified seller, little can go wrong.
▶ ︎ Disadvantages:
- Clothes cannot be tried on. Returns are usually not even possible. Sellpy is an exception here. Otherwise, bad purchases must be sold again or disappear into the depths of the closet.
- Of course, the companies behind the flea market apps also make money. Both buyers and sellers suffer from it. The buyer pays more than he would in a flea market, while the seller has to forgo a portion of the profits.
- Don’t expect anything new! The condition of the item is described on many platforms or by sellers with terms such as “as new” or “very good”. However, you shouldn’t expect an item of clothing that can also hang in a shop.
- Buyers should always pay attention to seals of approval such as “Trusted Shops” and the ratings of the respective seller.
The idea of strictly smelly second-hand shops has long been out of date. People’s need to live more sustainably continues to grow. Fast fashion – chasing current trends in the form of new cheap and unfairly produced goods – is becoming less popular.
Against this backdrop, more and more thrift stores are opening in German cities. Designer items, vintage clothing, ready-to-wear items: you can find them all here!
▶ ︎ Advantages:
- The buyer can touch and try on the clothes before making the purchase. A tactile shopping experience shouldn’t be underestimated: according to scientific results, more happiness hormones are released than an online purchase.
- Returns possible in some stores.
- Recommend from a seller.
- You have enough time to think about buying without worrying that someone else might be faster.
▶ ︎ Disadvantages:
- Unlike the internet, you are bound by the opening hours.
- If you want to get rid of old clothes in a thrift store, in most cases you enter into a commission contract – you only earn when the goods have actually been sold.
▶ ︎ Fallen:
- Vintage treasures also hang in the thrift store, which is much more expensive than new items. So never forget the price check to make sure you really get a bargain.
Walk, Talk, Find and Bargain – THIS is a flea market. Aside from the option to buy cheap second-hand, junking is a great Sunday outing for the whole family.
▶ ︎ Advantages:
- Shoppers can expect really low prices: T-shirts for 50 cents, jeans for 1 euro and a set of suitcases for five – anything is possible at flea markets.
- Freedom of action is a big advantage over apps and shops Unwritten bazaar rule: cheaper is always possible!
- Only at the flea market can you discover treasures and buy them irresistibly cheap, the real value of which the seller does not know.
- Anyone looking for something special is looking for a needle in a haystack. Flea market fans join patience.
- Payment is only possible in cash.
- Counterfeiting is difficult to detect.
- If the goods are dirty or have holes in them, you have to live with them.
- A lot can go wrong in the social interaction between buyer and seller. If you want to shop, you have to be friendly!
- When you’re in a junk mood, you buy more than you need to.