What is Tradesy? Tradesy Review

Tradesy on counterfeits

Tradesy will send packaging bags to each seller, which can not only establish a unified brand identity, but also effectively understand the valid address of each seller, thereby discouraging sellers from selling counterfeit goods.

Secondly, Tradesy has its own unique method to analyze sellers’ behavior, but they have not disclosed it to the outside world.

Finally, Tradesy’s return policy is very generous, which makes vendors who sell fake goods think twice before making a purchase.

Tradesy operating model

Tradesy provides users with a price suggestion mechanism, telling you how much such second-hand items are generally sold for based on factors such as brand, original price, degree of use, season, etc., and providing guidance for sellers to publish information. According to data provided by Tradesy, the platform can help sellers increase the value of goods by 50%. Therefore, selling clothes that are rarely worn through Tradesy can indeed save more funds for "wardrobe changes".

Tradesy Main Products

Tradesy's main business will still focus on clothing, shoes, bags and other products. Although The RealReal has found a new profit growth point through the sale of second-hand jewelry and artworks.

Tradesy Profit Model

Tradesy makes money through a 9% commission on each trade.

Tradesy Domains

Tradesy's official website domain name tradesy.com was registered in July 2005, and has a history of more than ten years. The main word tradesy is not an English word and has no specific meaning, but trade does mean "transaction, trade". Its biggest meaning is that it corresponds to the brand Tradesy, and it is also very easy to remember for consumers.

Tradesy Funding

In October 2012, Tradesy announced that they had received $1.5 million in first-round financing, with investors including Rincon Venture Partners, 500 Startups, Dany Levy, Daher Capital, Bee Partners, DoubleM Capital and Launchpad LA.

In May 2014, Tradesy completed a $13 million Series B financing round led by venture capital firm Kleiner Perkins Caufield & Byers (KPCB) and Richard Branson, CEO of the British Virgin Group.

In May 2016, Tradesy confirmed the completion of a new round of financing of US$30 million, still led by its old employer, Silicon Valley venture capital firm Kleiner Perkins.