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It is estimated that by 2025, the second-hand market will reach a volume of 77 billion dollars.
Over the next few years, the online second-hand component is expected to expand by 69 percent.
During 2020, 33 million people invested in second-hand clothing for the first time.
The changes in consumers have been changing over the years and especially after living two years in a pandemic. Given this, buying second-hand items has become a way of life for many people, as in the case of a Tiktoker who shared how he invested $20 in various used products and earned more than a thousand dollars by selling them.
Currently, in a more conscious world, consumers are betting on new purchase options, as shown by the report “Consumer Trends 2022”, which details that during 2020, 33 million people in the world They invested for the first time in second-hand clothes.
In this sense, in Mexico, the second-hand market has been showing a significant boom and popularity among Mexican consumers, where platforms such as Mercado Libre, eBay, Linio, among others, have been gaining more ground every day.
Investing in second hand products
A tiktoker narrated his small venture by reselling items he buys at thrift stores and making a big profit.
The content creator, known as Splash, shared his journey from store to store in a video with 1.6 million views, where he bought several products for 20 dollars and earned a thousand dollars (around 202 thousand Mexican pesos).
Despite spending less than $20, he claims to have earned over a thousand dollars in resales, but tiktokers in the comments They told him a liar and took advantage of selling second-hand items at high prices.
@splashton i made £1000 from a charity shop #style #fashion #charityshop #thrifting #splashton ♬ original sound – SFROMWEST
“Disgusting behavior,” wrote one of the internists.
“I love how you complain about the charity shop price when this guy sells it for the third time, even higher,” another said in a comment.
“Dude when you make decent money give some back to the charity shop,” another person wrote.
“Without moral. Earn money with charity,” said another netizen.
In that sense, these stories demonstrate the increase in people who buy in these establishments today, where it is the young people who clamor for second-hand sheet music for their own closets. What once had a negative connotation has apparently become a badge of honor for the younger generation.
Data from May 2022 estimated that the secondhand shopping market, which is valued at $14 billion, it will grow 127 percent by 2026, according to ThredUp.
Statistics from the fashion retailer show that Gen Z shoppers were not only saving, but also taking pride in buying used items. And the proof is in the publications, since tiktokers are flooding the application with their “tours”, in these businesses.
And this is how reselling is becoming more and more common as consumers look for value options, both in terms of price and sustainability.
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