eBay recognized the importance of mobile shopping early on, but that hasn't stopped other mobile commerce platforms from springing up and finding success.
The Wall Street Journal ran an interesting piece
today, "Young Consumers Tap Online Market for Recycled Apparel" (note that a paid subscription is required to view WSJ content
). The newspaper talked to several teens about how they're able to fund their clothing purchases by buying and selling through Goodwill and online on sites like Poshmark - a mobile platform we've previously profiled, such as this 2012 article
Poshmark not only makes it very simple for people to sell using their mobile phone to snap photos and list - but it also allows users to flaunt their style and satisfy their creativity.
In speaking about a Las Vegas teenager who turned to online buying and selling to subsidize her clothing fund at age 13 - and now makes a profit at it 5 years later - the Wall Street Journal said:
"Ms. Quipotla's account history shows that she has shipped more than 300 items through Poshmark, an app for reselling clothes, since 2013 and collected nearly $4,000."
That's an average selling price of only $13 - presumably that's after Poshmark took its fees. But the Journal cited some figures that should have eBay sitting up and paying attention:
"The U.S. volume of apparel and other items sold on Vinted, ThredUP and other such reselling services has more than doubled since 2013 and the market is now slightly more than $2 billion, estimates PrivCo, which analyzed data from 15 reselling sites."
eBay used to have a dedicated mobile app for fashion that it closed and folded in to its one main app in 2015.
As buyers and sellers on eBay, let us know what you think of eBay as a selling platform for clothing and accessories - and about its mobile initiatives.
Should eBay develop or acquire platforms such as Poshmark?