The RealReal takes a commission of 20% to 65% on items sold, depending on the item’s price and category.
For items priced under $50, the commission is typically on the higher end, around 65%. As the price increases, the percentage taken generally decreases.
For luxury items, the commission can drop to as low as 20% for high-value goods. The exact percentage depends on various factors, including the type of item and its selling price.
Sellers should carefully review the commission structure to understand their potential earnings. It’s worth noting that The RealReal also has a $30 minimum commission for each item sold.
In addition to the commission, sellers may also incur shipping fees. It’s important to consider these costs when pricing items for sale.
The RealReal offers a unique service by handling authentication and shipping, which can be a big plus for sellers. This can save time and effort, making the selling process smoother.
Understanding these details can help sellers make informed decisions about listing their items on The RealReal.
How do I calculate my earnings on The RealReal?
To calculate your earnings, subtract the commission percentage from the selling price of your item. For example, if you sell an item for $200 and the commission is 40%, you would earn $120.
Are there any fees for listing items on The RealReal?
No, there are no listing fees on The RealReal. However, keep in mind the commission taken from the sale price once your item sells.
What items sell best on The RealReal?
Designer clothing, handbags, jewelry, and watches tend to sell best. Luxury brands like Gucci, Louis Vuitton, and Chanel are particularly popular.
Can I set my own price on The RealReal?
You can suggest a price, but The RealReal has the final say on the selling price based on their assessment of the item.
How long does it take to sell an item on The RealReal?
The time it takes to sell an item varies widely. Some items sell within days, while others may take weeks or even months, depending on demand and pricing.