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Thrifters have a new way to find secondhand bargains and deals: online. GoodwillFinds eCommerce Inc. is the latest to launch an e-commerce platform selling hundreds of thousands of thrifted items on GoodwillFinds.com. It joins ThredUp, Swap, Poshmark and others reselling goods and apparel over the internet.
GoodwillFinds.com launched in October as thrifting is having a moment. Sales in the secondhand and resale market are forecast to hit $54 billion in 2023. By 2026, they’re expected to reach $82 billion, according to ThredUp, a resale website.
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Demand is driven by record-high inflation forcing consumers to seek bargains wherever they can find them.
“Americans are feeling the weight of the current economy, considering the prices of groceries and everyday essentials have skyrocketed,” says Matthew Kaness, CEO of GoodwillFinds.com. “People are more conscious of how they spend their dollars.”
The bargains can be huge if you don’t mind purchasing used. But finding diamonds in the rough can prove more difficult online, where you can’t try on the items you’re shopping for and inspect them for damage as you would at your local thrift store.
It’s not impossible. To help you navigate online thrifting, consider these seven strategies.
1. Select your site
Whether you’re shopping for vintage clothing or furniture, there is a secondhand site for that. To save time, narrow your options to thrift sites that cater to what you are looking for. For instance, ThredUp and Vestiaire Collective are among those that specialize in selling designer and vintage apparel, while GoodwillFinds.com and Swap offer more general treasure hunting.
2. Have an open mind
Shopping for a specific item on thrift sites can quickly become frustrating, which is why experts say to be broad-minded when looking for deals. Think of it the same way you would if you visited a brick-and-mortar thrift store: as a treasure hunt. “When shopping online thrift, look for opportunistic purchases,” says Antonio Gallizio, CEO of Swap. “Just walk around the site. It’s a great way to chase value and deals and do so without the guilt of spending a lot of money.”