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Listen On iTunesSet up in 2011 by Simon Beckerman in Milan, but is now based in London, Depop is one of many shopping channels that are challenging normal shopping sites like eBay. Like eBay, Depop uses PayPal to improve shopper’s security.
It is popular amongst young shoppers, typically under the 30s, and it appears to look like the Instagram app where your friends can see what you have listed. I heard about this platform a few weeks ago when I was delivering eBay training in Leicester selling young fashion items. After that, I referred this site to a business selling hair extensions and it is a perfect eBay alternative for them.
What type of products are available?
It appears to have appeal for young people’s fashion and when I looked into this more I found a vintage product, laptops and gadgets.
What does it cost to sell?
Higher selling cost on platforms prevent you from giving competitive prices to your shopper and there may be hidden charges on other platforms but with depop, fees are transparent.
- Listing an item for sale is always free.
- Commission – 10% fee on the total transaction amount (including shipping costs).
- PayPal transaction fee of 3.4% + £0.20
Depop can be a good alternative to eBay marketplace and even if it may not double your sales, any incremental sales are equally attractive.
- There is a high level of engagement which you don’t normally see in other marketplaces.
- Your product reach increases quite quickly with shares and likes
- Some sellers like filmnotdead with 1350 feedback appear to be doing quite well.