An online service that makes selling and buying used goods easier
An efficient and economically attractive way to sell and buy pre-owned goods has been lacking until now. For example, in the USA around 85 per cent of clothes end up being discarded as waste.
Solution: an online service that makes selling and buying used goods easier
The service offers users an experience that rivals that of many stores that only sell new products. The seller packs the goods and sends them to the website operator for sale. The goods are photographed by Swap.com and added online in a highly efficient handling process. Swap.com has around two million listings on average, which makes it the largest online consignment store in the USA and possibly worldwide.
Revenue logic and benefits to Swap.com
Each sale transaction is subject to a service charge (30% + $1.50). The handling and logistics costs are charged retrospectively from the sale revenues. The service is highly attractive to both buyers and sellers, which means excellent growth and market leadership potential for the company. The US-based Internet Retailer publication featured Swap.com on its 2017 HOT 100 list in December 2016.
Benefits to customers
The online store offers affordable prices that can be between 50 and 90% cheaper than retail stores. The service makes the selling of pre-owned goods much easier than before. The extra income can greatly enhance the quality of life for many people.
Swap.com in brief
Main business: online second-hand retail
Employees: more than 250