Earn Money from Old Clothes-Shoes: Is your wardrobe also full of old clothes and shoes? Instead of throwing them away or giving them to someone for free, you can now earn huge profits from them. You can start your own business with a modest start of just Rs 20,000. Know how much will be the profit and step-by-step guide…
Thrift Store Business Idea: Is your wardrobe jam-packed with clothes? Do you have expensive sarees or branded shoes, which were worn only once and are now gathering dust? If yes, then you can earn great income. Nowadays, the business of reselling old things i.e. thrifting is spreading like wildfire in India. The best thing is that you do not need an office or shop to start this, just your mobile and a little brain is enough. Let us know how you can earn up to Rs 50,000 per month sitting at home…
What is a thrift store?
In simple language, ‘Thrift Store’ is an online or offline shop where you sell used but good condition clothes and shoes. Nowadays people are conscious about the environment and want to avoid wasteful expenditure, hence they are preferring to buy a brand new old dress for Rs 1,500 instead of a new dress for Rs 10,000.
how to get started?
- You do not need to invest lakhs for this business. With an initial amount of Rs 20,000 you can give it a professional look.
- First of all, remove those sarees, lehengas or shoes which are in good condition from your and your friends’ or relatives’ wardrobe.
- Spend Rs 5,000 on dry cleaning and shoe polish. The newer the item looks, the better the price will be.
- Put good light in a corner of the house and put a white curtain (backdrop) so that the photos look professional.
How much will be the earning?
- The real game in business is margin. You can make 100% to 200% profit in thrift stores. Taking the example of saree, suppose you bought an old Banarasi saree from someone for Rs 800. Spent Rs 200 in dry cleaning i.e. total cost came to Rs 1,000. You can easily sell it for Rs 2,500 to 3,000.
- Talking about shoes, if branded shoes like Adidas or Nike are in good condition, they sell at a premium. Even if you make only 2 sales a day and save Rs 700-800 on each sale, then Rs 40,000 to 50,000 per month has not gone anywhere.
Where will the customers come from?
- You do not need to advertise in newspaper or TV. Your entire business will run on Instagram and WhatsApp. Enter a ‘before-after’ reel of draping styles of sarees or shoes.
- Clearly mention the defects of the item you are selling (if there is a small stain). This increases the customer’s trust in you.
- Take money from Google Pay (GPay) or PhonePe (PhonePe) and get delivery at cheap rates through apps like ‘Shiprocket’.
What to do to attract customers?
- Thrift stores don’t mean selling junk. Your USP should be ‘Quality’.
- Make the packing a little prettier.
- Be sure to write a small ‘Thank You’ note inside.
- When the customer feels that he is getting the feeling of Rs 10,000 for Rs 2,000, he will tell 10 more people and your business can grow rapidly.
Disclaimer: The information given in this article is for educational and informational purposes only. Before starting any business, assess the market situation and risks yourself. The profit figures mentioned here are an estimate, which may be more or less depending on your hard work, quality of goods and marketing skills. Before any investment or startup, definitely consult a financial advisor.