What is Depop?
Depop was founded by Simon Beckerman in 2011 and established its headquarters in London in 2012. It currently has more than 13 million users in 147 countries around the world. Depop is positioned as a P2P social shopping application.
Depop is a British fashion shopping platform where users can share their purchased products through photos, videos, etc. They can also set up personal online stores to sell their personal creative works, and provide product recommendation services based on user preferences and brands they follow.
How does Depop work?
Depop's operating model is between eBay and Instagram, and it is known as the "Instagram-style social shopping platform."
Depop users upload photos of things they want to sell, and once the item sells, a yellow "sold" label will appear on the image. Unlike eBay, after an item is sold on Depop, users can choose to keep the images so they can build up a large library of images that other users can "like" and comment on. The more followers you have, the more money you can potentially make from selling your merchandise.
How much does Depop cost?
It’s free to download Depop and upload your products. But if the item sells, Depop will take 10% of the total sales price. The fee will be automatically deducted from your PayPal account, and you can also use PayPal to collect the product payment. It is important to note that the number of your fans will directly affect your product pricing and sales volume.
This is the end of the introduction to Depop in this issue. If you want to get more knowledge about Depop, please stay tuned!
