TheRealReal question re commissions

[somany]

@ahrncitygal or anyone else who uses TheRealReal

I am looking at their commission chart and am a bit confused.  I see

RealReal Rewards Commission Levels

The more you consign the more you earn.



Level & Commission*



Annual Net Sales** & Benefits



VIP

70%



$10,000+



• $100 site credit***

• Priority processing

• Free First Look membership ($120 value

over 12 months)

• Free cup of Sightglass coffee at our stores



ICON

60%



$1,501 - $9,999



INSIDER

55%



$0 - $1,500


which says to me the lowest commission rate is 55%, but then immediately below that I see the latest commission rates that were published which says it's 40%

Item Commission Rates

85%



• Watches with a resale

list price of $2,500 or more



80%



• Handbags with a resale

list price of $5,000 or more



• Men's sneakers with a resale

list price of $500 or more



70%



• Handbags with a resale

list price of $1,000 to $4,999



• Watches with a resale

list price of $1,000 to $2,499



• Jewelry with a resale

list price of $1,000 or more



• Art items with a resale list price of

$196 or more



50%



• All items with an original

resale list price of $146 - $195



• Home items with a resale list price

of $146 or more



40%



• All items with an original

resale list price of $145 or less

Any idea what the first chart is in regards to?  I get that there are some special benefits that goes along with cumulative selling on their site, but I don't get the commission rate part of it.  If the last one didn't say $0-$1500, I would have said you have to reach a certain level of sales to get the 55%, but that doesn't make sense with the range starting at $0.

Thanks!

[somany]

No idea why all the space in the post. It didn't show when I pasted the info.

Also, val2525 , TheRealReal wasn't referenced in a section, but I look at them the same as Thredup so put the question here.  If it should go somewhere else, feel free to move.  

[val2525]

There's a section for other sites that don't have a specific board, "other selling venues"

[Deleted]

When you reach one of the upper levels you get the higher percentage for things that sell for more than $200 (except for the watches, jewelry, handbags, etc. specified in that first list). I'm at Icon level now so I get 60% instead of 55%. VIPs get some additional perks, but you have to sell over 10K to reach that point.

[Deleted]

@ahrncitygal Is there a reasn you prefer sending it to them as opposed to selling yourself? A while back I was going to send in a few things but I wasn't comfortable with the lack over pricing control. I listed a few things on Vestiare but they take a huge commission, they want you to price on the lower end, and I still get lowball offers.
The good thing about TheRealReal is they handle everything.

I've bought a few items to flip-

[Deleted]

I sent a few things to the RealReal. Reason I didn't sell them on eBay - oh wait - I TRIED to sell them on eBay but couldn't - that's why I sent them.  They were gathering dust in my inventory. So far they've sold 2 pieces of the 8 I sent, which was about 4 months ago. Something is better than nothing was my reasoning.

[Deleted]

Same reasoning here - I sent things that either didn't sell on Ebay, or that I didn't want to bother trying to sell. I figured the designer pieces might fetch higher prices on TRR. Plus they deal with authenticity, etc. Much less hassle for me.

[Deleted]

@ahrncitygal and @all4saleny-understandable. I always had been concerned about the lack of control-have to say for the past few transactions, Tradesy has done me well. Of course I have a looming potential mess with an under $70 NWT Halston shirt yet just prior I had two pricy sales that went off w/o a hitch.

[Deleted]

Well TRR sold all but one of my items. But at steeply discounted prices from the original list price. So I didn't make too much, but all's well that ends well - the items are out of my house and I got a few bucks for them.