Tradesy is a marketplace for fashion and is known as a place to buy and sell clothing, bags, shoes, vintage items, accessories, and wedding items. A popular online retail site that is quickly gaining users each day with over seven million members and counting since 2021.
As a seller in this upscale luxury marketplace with massive growth, it's time to familiarize yourself with what's new and what's not to get your shop noticed and boost your sales this 2022. In this blog, we'll go over the basic tips and tricks of what you need to know as a Tradesy seller this 2022.
Effectively List an Item
There is an unlimited number of items that you can list in Tradesy, and the best part is that there are no listing fees that come with it. As with any other reselling platform, Tradesy requires at least three images of the item and a written description.
The required fields to fill up include the designer, brand, condition, size, exact dimensions, style, and color. This, along with optional fields that include but are not limited to retail cost, material, and style name.
Sounds easy enough, right? It is, but as mentioned, there is a huge market in Tradesy, and other sellers are pumping out listings every day, so if you want to attract more customers and get your listing noticed, here are some tips and tricks to consider:
Writing a detailed and effective description is all about being accurate with the item's condition and including all the information you have, such as the style, brand, color, etc. Potential buyers almost always want to know everything about the history of an item before considering making a purchase. It's good to remember to be brief about the description without sacrificing any important details useful for the buyers. Don't take this as a sign to write many paragraphs in your description because this could be frustrating for some buyers to have to read such a lengthy text.
When photographing your item, make sure that you take the time to take quality shots that are free from cluttered backgrounds and unclear subjects. Potential buyers are attracted to aesthetic shots that are clean, simple, and show the real condition of the item. Invest in good lighting and perhaps a mannequin when displaying or dressing up clothes and accessories to show the piece as best as possible.
It's also good to take note that Tradesy automatically cleans your image. So it is best to start with a clean, clear image with a light background to optimize the results of the automatic photo enhancement of the platform.
When it comes to pricing your item for sale, you have to do your research if you're unsure about a price. This will help ensure that you are not compromising your earnings by selling it lower based on the market price and demand.
It is recommended that you check out comparable listings on Tradesy or other platforms to see the demand for the item. Tradesy offers a suggested selling price based on the details that you provide in your listing. Although convenient, you don't always need to follow the suggested price, but it's a good reference nonetheless.
Tradesy is strict regarding prices and will remove any listings if the original retail price is significantly higher than the manufacturer's suggested retail price (MSRP)or the current marketplace. So be sure that you price it realistically based on the demand and the condition of your item.
As with any other online marketplace, Tradesy has fees that are a bit complex to calculate. How it works is when an item sells, sellers ship the item directly to the buyer, and the earnings will become pending once the tracking updates are available on the package. Don't worry if your earnings are not yet credited to your account after shipping. Tradesy may hold your earnings for up to 7 days after delivering the item to the buyer as part of security.
Now, exactly how much are the fees on Tradesy? It depends on the type of fee.
These are the standard fees that occur when items are sold. It charges $7.50 for sold items that are less than $50. If more, then the Tradesy fee will be 19.8%.
When you receive your earnings, you have to pay the Tradesy transfer fee of 2.9% of the total amount. This transfer fee covers payment processing fees that Tradesy pays on your behalf when your items are sold.
The Tradesy fee is added to the sale price of each listed item. So in total, the shipping fee, plus the selling price assigned by the seller, is the total amount paid by the buyer. Tradesy retains the shipping fee and uses it to supplement the cost of providing pre-paid, insured Tradesy packaging and shipping kits to sellers.
The best way to ensure that your Tradesy account is safe at all times is to familiarize yourself with the platform's seller guidelines. Starting withTradesy's policy on only selling authentic items and does not fall under any restricted categories that are not limited to:
- Men's (except Watches, Wallets, and Jewelry).
- Swimwear or bodysuits that are not New-With-Tags.
- Health, hair, and beauty products.
- Wigs and costumes.
- Non-Branded Facemasks.
- Incomplete or mismatched sets (e.g., a single shoe, a padlock with no key).
- Items with materials that are restricted or illegal to sell under applicable law, statute, ordinance, or regulation
Violating this policy can get your account with Tradesy suspended or even terminated in the long run. If you need clarification regarding Tradesy's policies, you can always reach out to their customer service for more details.
An effective way to boost your sales and optimize your operations is by using an innovative and customizable tool that is designed to act as your virtual assistant. So you can gain an advantage over your competition and boost your sales, this tool is called OneShop.
You can link your Tradesy account, and it can effectively improve your sales by selling and cross-listing to multiple marketplaces like Poshmark. It also acts as your own sales expert. OneShop lists and re-list across multiple online marketplaces, which leaves you more time to work on more important things for your business rather than spending hours doing listings across platforms manually.
Try it for yourself, register for free, and enjoy a 14-day trial with assistance from our team.