$238.50 MSRP $59.50@ 4pr Levi 517 32″x 36″ Levi.com
$160.00 JeanBank Cloud Sharing Box 382 4pr Levi 32″/36″
JeanBank.com MSRP rooted appraisal
$36 Consignment – Snooty Fox 50% of $18 retail x 4
$24 Reseller – Plato’s Closet 33% of $18 retail x 4
$11 TredUp.com $18@ reseller/consignment -if they ever accept them!
Brick & mortar non-profit sellers are forbidden by law from placing a value on any donation (except motor vehicles). The only cash outlay with Cloud Sharing is fee and postage. Perception of Value is in-keeping with the retail replacement cost.
Cloud Sharing Network member JeanBank.com targets the primary clothing consumer ($400B domestic) with appraisals based on original MSRP, condition of goods and interest in that particular brand, style or size creating a new sub-primary market while avoiding the ’all-for-one-low-price’ zero cost charity driven secondary market.
Global apparel and footwear sales of $2 trillion are predicted by 2018 with global jean sales hitting $57 billion. The $400 billion domestic clothing market returns a miniscule residual value post-primary purchase because of three limited post-wearing disposal options: Donate, Consign or Auction! Secondary sales of these goods, mostly donations to charity, reach $14½ billion annually but return very little or nothing to the original purchaser.
Deposit Value = MSRP x Condition x Interest
our simple formula determines a value for Depositor’s goods.
What they actually paid is unimportant!
Depositors typically withdraw a mini-wardrobe and benefit themselves and others
Cloud Sharing creates a new sub-primary retail market using the Cloud Sharing Currency
1. Consignment/Resale stores
* Consignment pays 40% to 50% (minus fees) of price they set.
* many like The Snooty Fox in SW Ohio charge $20 to open an account.
* Resale shops pay 25% to 35% of selling price in cash/check – $4 to $6 for jeans they sell $16 to $18
* store sets price of your goods & takes half, reduces price if unsold.
* allows only seasonal goods & certain brands, may reject any item for any reason, pays by check.
2. Online auctions
* sellers must generate traffic, have good inventory and establish a track record to be successful.
* auctions consume time, carry expenses & often disappoint infrequent sellers of yesterday’s goods.
3. Charity or give away – a warm feeling & a piece of paper with small tax deduction at best
* example: premium jeans are 21% of teens 13-18 market yet bring only a $2-10 tax deduction.
* donating a garbage bag (a poor end for great clothes) to big charities brings modest satisfaction.
* the donation deductions receipt charities use are general and not itemized unless self-administered
* churches, local charities & non-profits usually avoid clothing due to logistics
* some ‘charity’ for-profit stores contract with non-profits to use name, AmVets for one.
* Cloud Sharing – JeanBank provides Donating/Gifting virtually to a local or national charity, non-profit
Additional Consumer Information & Services planned* create alternative ‘retail returns’ option -increases manufacturers & retailers profit margin by reducing in-store returns and associated costs
* consumer services: blog, referrals, transaction guarantees, locator
* facebook, twitter, etc. (social networking, sensuality and great fitting jeans go hand-in-hand.)
* reviews and feedback on brands, styles, retailers and manufacturers
* retail links, environmental information, denim alternatives, fun
* promotions, advanced notice of sales, redeem Deposits for retail discounts JeanBank performs a service for other groups increasing their chance for success!
1. Weight Loss – Weight Watchers, Jenny Craig, SparkPeople, L.A. Weight Loss, etc.
* All want to help you loose weight, but none help you ‘buy’ better looking clothes that let you look like you feel
* the expense of new clothes can be a psychological obstacle to weight loss
* quality clothing cost more and makes you feel better but added clothing expense of loosing more weight may deter
* local pick-up saves postage, promotes group inter-action
2. Social sites – You Tube, Facebook, etc.
* sensuality motivates consumers searching for the perfect fitting blue jeans
* people love to show off their new or old favorite jeans
* contests include free promotional jeans supplied by manufacturers (we reinforce MSRP retail prices)