The New Era of Secondhand Shopping
Put these three factors together and we are in the midst of a thrift renaissance. Botsman confesses that in recent months, she has been so bombarded with emails from people starting sites like these that she has had to bring on three interns to help sort through them all.
Some might wonder if this trend toward a more thoughtful consumer culture will be able to survive once the economy begins to improve, but each of the experts we spoke with believes we are already past the point of no return.
"I really don't believe this is a reactionary blip," Botsman says. "People may use one of these sites with the motive of saving money, but what they get out of it is realizing that they are meeting people and finding out that this is a much better way to get what they need."
Williams, the SnapGoods co-founder, puts it in even stronger terms."The very notion of ownership has come under attack," he said. "Ownership is no longer as important as it once was. Now access is more important." This notion of an "economy of access," as Williams puts it, is the same reason services such as Netflix and Zipcar were able to become popular during the past decade. Those sites continue to thrive, which gives hope the new batch of sites will continue to do well. "I think we're at the beginning," Botsman said. "The idea of going out shopping and buying something that you're just going to use once will seem dumb to our kids." >To submit a news tip, email: email@example.com.
Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV