Web Thrift Store’s Innovative Business Model

by Lucy on May 28, 2013

We recently received an email from Web Thrift Store, a website that turns people’s excess stuff (like electronics, art, clothing, jewelry) into cash for charities, a tax deduction for the donor, and a bargain for the buyer.

Here’s how it works:

“Any nonprofit can start a “virtual” thrift store without holding inventory, and with zero financial risk. When a supporter lists an item they’d like to donate, it gets listed in our marketplace, and the proceeds from its sale go to the nonprofit. It’s a way for buyers and sellers to do good, and for charities to engage supporters without asking for money. Donors receive a tax receipt for 100 percent of the value of their item, prepaid shipping labels, free shipping supplies and free pickup from the United States Postal Service.”

Take a look at their video below.

Be the first to comment

Leave a Comment

Previous post:

Next post: