Twenty-year-old Moira Campos makes between $5,000 to $7,000 a month selling second-hand clothes on Depop, the shopping app made for and driven by Generation Z.
This shopping app is made for – and driven by – Gen Z.
(Moira Campos) "It was, oh, my gosh, I was so excited to get that first sale.
I made 20 bucks but I mean, it's something." Depop is taking the sustainable shopping world by storm, boasting more than 30 million users across nearly 150 countries.
It’s an online hub where people buy and sell reused clothing, vintage shoes and accessories.
Let’s take a look at how this trendy app is disrupting the global retail industry.
Depop is powered by young influencers like 20-year-old Moira Campos.
Her online store – The Rise of Moira – has 40,000 followers, making her one of Depop’s top sellers.
"I started when I was in high school... I had all these clothes in my closet that I don't use anymore.
And I came across this girl on YouTube who would sell her old clothes on Depop to make money.
So I started doing that." Her first sale ever was a vintage Tommy Hilfiger sweater for 20 bucks.
Since then, selling clothes on Depop has since become a full-time job for Campos.
She works with her brother to source, shoot and sell dozens of items on the app every week.
"I started with a $20 capital, but now I would usually spend about a thousand dollars in inventory a month and that would generate me, depends on the season, but it would generate me about $5,000 to $7,000 in a month." "It's a lot like Instagram.
It's user-friendly, so when we open the app, I mean, it's not that complicated, not like other selling platforms... And it's also our style, like most of the people who sell on the app are also GenZs.” The U.S. second-hand clothing market is estimated to double to $77 billion within the next five years.
That’s according to online thrift store ThredUp.
Depop plays a significant part in that boom.
In mid-2021, e-commerce giant Etsy acquired the 10-year-old app for $1.6 billion, seeking to attract younger shoppers.
Retail analyst Mary Epner says Depop could pose a real threat to traditional retailers.
"This is really for the younger generation and the things that they would like, and the influencers go here so that they can create one of a kind outfits at a great price." But there are questions about the ethics of Depop, too.
Savvy young sellers who are able to buy clothing in bulk from thrift stores, might mark up those items on the online store for twice the price.
And as more teens turn to the app to make a quick buck, some fear that sustainability might lose out to profitability.
Campos insists that all she hopes to do is give old clothes a second life, and maybe one day create a clothing line of her own.
"In five years, hopefully, I have my own brand, my clothing brand.
Maybe I would still be doing Depop on the side just for fun because it is fun, but definitely in five years I want to have my own brand and selling on my own website."
A new report has sent shockwaves through the scientific community, revealing alarming drops in youth happiness, particularly in North America and Western Europe. Join us as experts discuss the implications and call for urgent action to address the well-being crisis facing Generation Z.
#Genz #GenzWorld #GenzSlangs #WorldHappinessReport #GenzPeople #GenerationZ #YoungerGeneration #HappinessReport2024 #Oneindia
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Parents Financially
Supporting Gen Z , Highlights Current , Economic Woes.
'Newsweek' reports that a recent
survey found that 47% of parents are
financially supporting their adult Gen Z children.
While this number includes everything from
credit card bills to vacations, another 60% said
they are still covering their kids' monthly rent.
Overall, the survey by Savings.com found
that parents are paying twice as much for their
adult children than they are contributing to their retirement savings every month.
The survey found that parents are contributing
an average of $1,384 per month to their
kids, and just $609 to their savings.
'Newsweek' reports that while some may accuse
Gen Z of mooching off their parents, analysts suggest
it may be a sign of the current state of the economy.
Amid surging rent and food prices, many
Gen Z-ers are entering low paying jobs
while also shouldering massive student debt.
There is a clear challenge in
the economy today. Driven by
a convoluted mix of socioeconomic
factors, adults receive help from
their parents well into their
twenties, thirties, and beyond, Beth Klongpayabal, Savings.com's
analytics manager, via 'Newsweek'.
For some, it's tempting to simply
say that today's young adults are
just mooches and that a strong foot
in the rear will launch them into
normal, independent adulthood, Beth Klongpayabal, Savings.com's
analytics manager, via 'Newsweek'.
For some, it's tempting to simply
say that today's young adults are
just mooches and that a strong foot
in the rear will launch them into
normal, independent adulthood, Beth Klongpayabal, Savings.com's
analytics manager, via 'Newsweek'.
That may be gratifying for parents
who are tired of footing the bill,
but it doesn't solve or even
properly describe the economic
factors at play, such as
rising housing costs, Beth Klongpayabal, Savings.com's
analytics manager, via 'Newsweek'.
'Newsweek' reports that many parents are also facing
job insecurity and record amounts of debt, painting
a dire picture of a multigenerational economic crisis.
'Newsweek' reports that many parents are also facing
job insecurity and record amounts of debt, painting
a dire picture of a multigenerational economic crisis
Credit: Wibbitz Top Stories Duration: 01:31Published
Congress replaced Sunil Sharma with Pratap Singh Khachariyavas for Jaipur seat amid controversy over alleged links to Jaipur Dialogues. Sharma denied claims and.. IndiaTimes
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MrBeast Announces, ‘Largest Game Show in History’.
On March 18, MrBeast took to X to
share that he's launching a new game show
for Prime Video, TechCrunch reports. .
Big news gamers I’m going to be filming the largest game show in history and releasing it on Prime Video! , MrBeast, via X.
Over 1,000 contestants, $5,000,000 prize, and many other world records. , MrBeast, via X.
I’ll reveal more later this year but let’s just say, it’s gonna be an insane show :D, MrBeast, via X.
MrBeast told YouTubers Colin and Samir, "It’s like
our normal videos, but just 20 times better […] I
have a bigger budget. Money’s not a constraint.".
MrBeast told YouTubers Colin and Samir, "It’s like
our normal videos, but just 20 times better […] I
have a bigger budget. Money’s not a constraint.".
It’s going to be the largest game show
in history, with the most contestants
any game show has ever had, with
the largest cash prize in history, MrBeast, to Colin and Samir.
The 25-year-old content creator has
over 245 million subscribers on YouTube.
His first viral video was in January 2017,
which showed him counting to 100,000
over the course of 44 hours.
These days, he gives away
hundreds of thousands of dollars to
people who complete crazy tasks.
The titles of some of his popular videos include, "Face Your Biggest Fear To Win $800,000,"
"$10,000 Every Day You Survive in A Grocery Store," "Survive 100 Days Trapped, Win $500,000" and more
Credit: Wibbitz Top Stories Duration: 01:30Published
LeBron James is getting into the podcast game. The Los Angeles Lakers superstar is partnering with former NBA star JJ Redick on a new podcast called 'Mind the Game.' Episodes will be available weekly on YouTube and all other podcast platforms, beginning at 7 a.m. Eastern Tuesday. The first episode drops on Tuesday, March 19th.
Credit: The Hollywood Reporter Duration: 01:12Published
Dive into the exclusive interview with Bansuri Swaraj, BJP's candidate for the New Delhi seat in the 2024 Lok Sabha Elections. Join Oneindia's Pankaj Mishra and Kuldeep Dwivedi as they delve into Bansuri Swaraj's perspectives on contentious issues like the Citizenship Amendment Act (CAA), Electoral Bonds, and more. Explore Bansuri Swaraj's campaign strategies and her efforts to garner support from the electorate. Don't miss this insightful conversation, now available on YouTube/Oneindia.
#BansuriSwaraj #ExclusiveInterview #CAA #ElectoralBonds #LokSabhaElections #LokSabhaElections2024 #BJP #BJPLeader #OneindiaExclusive
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