What is Tradesy? Tradesy Review

Tradesy is a fashion + website that sells second-hand designer clothing. Its main business focuses on products such as clothing, shoes and luggage. It is committed to developing the buying and selling of second-hand clothing into a vertical e-commerce.

About Tradesy

Tradesy is a C2C platform. You need to upload the specific information and photos of the clothes yourself, but Tradesy will help you beautify the pictures for better sales. As long as the clothes are well preserved, they will be included. If someone buys them, Tradesy will send you a mailing box for free. After you pack them, you can send them out smoothly.

Tradesy has implemented an automatic classification technology for products, labeling users' messy product descriptions, making it easier to aggregate similar products and increasing traffic from Google search keywords.

Features

1. Optimize product information release

When you open Tradesy, you won't feel that it is a second-hand clothing trading platform, but rather a women's clothing e-commerce website. The product images are all very uniform and concise, without the cluttered feeling of traditional second-hand websites. This is because Tradesy gives a lot of guidance (such as recommended shooting angles) when sellers post information, and then Tradesy will process the cover image of each product, highlighting the clothing, hiding the background, and unifying it into a white background. Tradesy also has its own price suggestion mechanism, which will tell you how much such second-hand items generally sell for based on factors such as brand, original price, degree of use, season, etc., for user reference. The entire information release is very simple and can be completed within a minute.

2. Tradesy is responsible for logistics

When the second-hand clothing is bought, Tradesy will send the original seller a package bag with the Tradesy brand printed on it, with the buyer's address and the postage paid (in fact, the postage is already included in the price of the product). The seller only needs to put the clothing in the package bag, seal it and throw it to the post office to ship it. Although such logistics processing has some twists and turns, it can be regarded as Tradesy's strategy to build a second-hand brand. Think about the traditional second-hand transactions where the seller handles the logistics by himself, but when trading on Tradesy, what you receive is not the items of a distant stranger, but the things of Tradesy.

3. Tradesy receives returns

As long as the product is genuine and matches the description, the seller does not have to worry about what happens to the product after it is sold. If the clothes are not the right size or the buyer regrets not liking them, Tradesy will directly accept the return and repay a certain percentage of the payment (the storage fee will also be deducted), but the payment will be returned to the Tradesy shopping card. The returned goods will be placed on Tradesy Closet by Tradesy and resold at a low price. Tradesy Closet is a semi-public market in Tradesy, which will be open to active and loyal users in the future. Throughout the transaction process, Tradesy spreads risks and controls the cost of handling returns by allowing users to purchase shopping insurance. But if the buyer buys a counterfeit, Tradesy will refund the full amount and punish the seller.

Profit Model

Tradesy takes a 9% commission on every successful transaction.

domain name

The domain name tradesy.com was registered in July 2005, and has a history of more than ten years. The main character 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.

Financing

-In 2012, Tradesy received US$1.5 million in Series A funding.

-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 received more than US$30 million (nearly RMB 200 million) in Series C funding.