The site’s “terms and conditions” stipulate that Real Real can discount anything placed for sale on the site by 20% — immediately. Thus, if you’re selling a product that’s, say, worth $200, that cuts your take by $40. They take another 50% commission on the remaining $160 sales price.
Contents
How much profit does the real real make?
What is the Revenue of The RealReal? The RealReal reported overall revenues of $318 million in the fiscal year 2019, a 53 percent increase over the previous year. The company’s Gross Merchandise Volume (GMV) has also topped $1 billion.
Does the real real pay upfront?
With Get Paid Now, you can sell select watches, fine jewelry, handbags and men’s sneakers and get paid upfront, without waiting for your items to sell. You can choose payment in cash or site credit.Site credit is redeemable for all purchases on therealreal.com or in our stores, is non-transferable and does not expire.
Does the real real cost money?
About Us. Upon joining as a First Look Member, your membership will continue until cancelled by you. There is no minimum purchase required, and you will be billed every month, $10 for First Look membership and $30 for Platinum level.
How does the real real payout?
You can receive payment by direct deposit, site credit (+5%) or check after your item sells. Commission payments are issued on the 15th of each month, following the month in which items were sold.When you trade, you receive payment in the form of site credit within two weeks.
What is the Commission on The RealReal?
For items $1,500 or less, The RealReal offers a 55% commission, for example, while it pays up to 80% on fine watches. ThredUp’s overall commission structure is also tiered, but in smaller increments with different prices for women’s and children’s clothing.
Why is real real successful?
Supply and GMV growth are the lifeblood of The RealReal’s marketplace and drive its success and path to profitability.Supply continues to sell quickly, with the company’s four-day sell-through continuing to trend at pre-COVID levels. New buyers achieved a quarterly record, increasing 21% Y/Y.
Can you negotiate on The RealReal?
You cannot negotiate pricing on either Fasionphile or The Real Real. However, one workaround for better pricing on the Real Real is to mark the item on your Obsessions page and you will get an email when the item you want is marked down.
What percentage does Fashionphile take?
How much commission do they take? They give you a straight forward buyout price. You get 70% of the sale price. Handbags priced over $3,000 you will receive 85% of the portion of the selling price above $3,000.
What percentage does Rebag take?
The “Exchange for” value is calculated at checkout as 80%, 75% or 70% of the “Purchase Price” for each item depending on the Infinity Period you are in. This represents the minimum amount you will receive in Rebag Credit if you exchange this item within the given time period if you item qualifies for Rebag Infinity.
Is The RealReal trustworthy?
With a rigorous authentication process overseen by experts, The RealReal provides a safe and reliable platform for consumers to buy and sell their luxury items. We have 100+ in-house gemologists, horologists and brand authenticators who inspect thousands of items each day.
How often does The RealReal have sales?
New merchandise is posted twice a day at 10 AM and 7 PM. You want to be online at those times to make sure you get first dibs on the goods.
How much does vestiaire collective take?
Under the current commission model, Vestiaire Collectivetakes 25% of the sale price for anything between $170 and $2,300, with the percentage decreasing with pricier items, and a flat 17% for anything below $170.
Can Canadians sell on real real?
Several of the most well-known resale and consignment marketplaces and sites — including The RealReal, thredUP, letgo, OfferUp, and Tradesy — aren‘t currently available for Canadian sellers (although we can shop on many of the same platforms).
How do you authenticate a Louis Vuitton bag?
Look for the Inside Stamps
Louis Vuitton does not come with any authenticity cards. In order to tell if the bag is real, manufacturer places a unique stamp with a place and date code on the inside of the purse. Nowadays LV bags are not only produced in France, but also in the USA, Italy, Switzerland, Germany and Spain.
How many users does the real Real have?
The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, with more than 24 million members. We are revolutionizing luxury resale by providing an end-to-end service that unlocks supply from consignors and creates a trusted, curated marketplace for buyers globally.
Is Tradesy real?
Tradesy has a zero-tolerance policy when it comes to replicas.Tradesy uses advanced technology to automatically detect and remove any replica items listed on our site, with 99.7% accuracy – so nearly every item you see on Tradesy is authentic.
How long does The RealReal take to ship?
Most Home and Art orders are shipped within 5 business days. Artwork and Furniture that is oversized may require a longer lead time. Home and Art items are excluded from the 2-day shipping for Platinum members.
What time does The RealReal post new items?
The RealReal posts new items twice a day: at 10am/ 7pm EST. It’s therefore useful to check for items from hot brands (LoveShackFancy, Rixo, and the like) during this time, since a lot of the good stuff will be snatched up right away. Once you find something that you love, make sure to check the condition.
Why does Louis Vuitton burn unsold bags?
To maintain exclusivity and high prices, Louis Vuitton burns every unsold product, every year.This reportedly enables Louis Vuitton to claim back any financial loss, as the duty on their products is dramatically high. It’s not a total reclaim of the value loss, but it does go some way towards softening the blow.
Is everything on FASHIONPHILE real?
Fashionphile offers a trustworthy means of acquiring designer items at accessible prices. While there are definitely troubling reports about customer service, the items you buy will be authentic. We give Fashionphile a thumbs up, just be aware that the service isn’t perfect and that you may experience some issues.