Make It Once, Sell It 2,3,4 Times (A Conversation with Wilson Griffin, Co-Founder/COO of Recurate)

Today Ingrid has a conversation with Wilson Griffin of Recurate to talk about why and how brands can take charge of their secondhand market capitalization while doing the most impactful thing a fashion brand can do where it's sustainability.

Can I gain value in this purchase?

• {00:06:00} “But I love the concept that you're sort of taking the brands away from this pattern of create something, sell something, create something, sell something. Where it's like, create something and then sell it. And then sell it again.” - Ingrid
• {00:11:15} “So clearly, there is so much benefit to creating something once and selling it more than once. Dear CFOs, if you're listening, that's where your ears perk up. But now to the brand marketers and the people who are trying really, really hard to develop this unique brand connection with their consumers, here's another really rich place to mine for those moments.” - Ingrid
• {00:16:38} “I mean, I just shared that anecdote, but also if a brand is going to encourage and promote resale on their site, that is such a vote of confidence from that brand that their products are going to last and are going to hold up. So it's just a subtle but really strong way for brand to stand behind their products and their quality. We also talk about this idea of sort of de-risking that initial purchase.” - Wilson
• {00:18:22} “I am probably going to buy something new, but I'm going to pull the trigger even faster because I know that when I'm done with it, I'll be able to resell it.” - Ingrid
• {00:26:41} “And so this one to one relationship and the authentication component, is also, I think, really important. Because me, if I'm buying something second hand, I want to make sure that it's real. And so the fact that you can only sell something from this history of buying it from the brand is a really big stop gap.” - Ingrid

Associated Links:

• Check out Recurate
• Learn more about Wilson Griffin
• Love your new host? Check her out on LinkedIn
• Check out other Future Commerce podcasts

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