What's old is new again

Photo by cottonbro from Pexels

Gen Z powers the resurgence of thrift shopping in a bid for sustainability.

The phenomenon can be observed on social media, where influencers document their shopping hauls on Instagram Stories and TikTok. The reboot of Gossip Girl even gives it a nod by putting the lead characters in vintage items such as Dior saddle bags and Chanel belts.

Online thrifting platforms are boosting the category further. Apart from physical stores and resale pioneer eBay, shoppers are flocking to modern fashion marketplaces such as Depop, Poshmark and thredUP, where it is easier to unearth gems. In particular, thredUP even makes it simpler to select designer goods by partnering with Rent the Runway to sell previously borrowed outfits.

This is the perfect time to get in on the action. According to Business Insider, the secondhand clothing market is valued at $30 billion and could grow 18 percent per annum in the next three years. It also says that some Depop sellers have earned $300,000 per year - a substantial income stream worth exploring.

Gathering inventory locally such as from garage and estate sales and then pricing for a global clientele may be the most profitable way to start. To build a collection of desirable stock, sellers must have a pulse on trends and know how to spot genuine designer articles. Then there's the challenge of garment repair and styling.

If nearby sources begin to dry up, it may be time to seek international suppliers. GlobalSources.com is home to used clothing suppliers that sell bales already sorted and graded. Inquire with one today.