How to Win in the Second-Hand Economy with Gecko!
Written by Kinsey McGregor
Think about that holiday you’ve always wanted to go on, or that outfit you’d look bomb in but couldn’t fit into your budget - What about that party you’ve been saying you’re going to host for all your mates but didn’t have the equipment for? Sounds like you could use the help of the Second-Hand Economy!
What is it?
In 2019, Gumtree released a report on the Second-Hand Economy SHE which has boomed to a value of $43 billion! Whenever you purchase or sell an item second hand, you’re contributing to the SHE. A step further in this economy is to hire out items because of the long term profit gain - Gecko is the perfect place to help you get started!
In 2019, Gumtree released a report on the Second-Hand Economy (SHE) which has boomed to a value of $43 billion! Whenever you purchase or sell an item second hand, you’re contributing to the SHE. A step further in this economy is to hire out items because of the long term profit gain - Gecko is the perfect place to help you get started!
Why should you get in on the action?
The SHE puts the business of profit-making right into your hands. It’s estimated that every household has 23 unused items that equate to roughly $5300 - just lying around! You could be making that much and more with Gecko! Our platform lets you put your items up for rent as a Lender, you can also browse and hire items as a Borrower.
Think about how much you could be saving AND making by joining Gecko today and beating the SHE! Australian’s are benefiting from the second-hand economy in a series of ways like paying for their rent, going on holidays and covering general living expenses - all from selling or renting their unused items and clothes!
Who is part of the SHE? What are they profiting from?
The Second-Hand Economy isn’t an exclusive industry - Gumtree’s report was based on a study of 16-64-year-olds. While Baby Boomers tend to have more unwanted items than Millenials, both generations have an estimated $4500 in their homes!
The SHE market includes buying second-hand items, markets and online sales. Popular items are clothes and shoes, making up 62% of the SHE market, followed by electronic goods (43%) and furniture (35%). Instead of selling or just trashing pre-loved items and clothes in your home, you can use Gecko to make a long term profit from renting those items out!
