MISSION STATEMENT
CHANGING THE VE MARKETPLACE
For so many years VE firms have been the only ones making money, most firms have people spending all their money on overpriced packages and items . It’s time to flip that, it's time for a change. Here at Flip’n we have a goal of expanding our mission to introduce Virtual Enterprise students to E-Commerce. This mission of ours will change how VE works knowing that students will be making money instead of spending it on VE firms like they have been for years.
Our mission is to put the Virtual Enterprise students at the heart of E-Commerce by providing passive income for vendors and unique finds for consumers.
WHO WE ARE
Our business is FLIP’N, a Second Hand - Consignment website that provides consumers access to used urban fashion at discounted prices and allows consumers to “flip” their fashion for passive income. Purchasing habits have changed and consumers are in need of extra income. The Second Hand Market had a major growth since the pandemic and is now expected to grow 127% in the next 3 years. This is why we chose a Consignment Model for our Business.
DEALING WITH INFLATION
There is no doubt about it, COVID-19 has brought upon a lot of problems . The economic crisis is unprecedented in its scale: the pandemic has created a demand and supply shock as well as a financial shock all at once. FLIP’N is the solution to consumers demand for sustainability, affordability and income generation. Consumers are turning to us because they’re feeling the squeeze of inflation. According to RetailDive.com - Secondhand shopping is viewed “as a way people can stretch their dollar further.”
SAVING THE PLANET
Our business of a resale consignment site is a powerful solution to the Fashion industry’s wastefulness because reselling clothes is keeping clothing out of landfills. According to ThredUp “Secondhand displaced nearly 1 BILLION new clothing purchases in 2021 that normally would have been bought new.” Especially knowing the Second Hand market is increasing at globally phenomenon rate, these reselling habits are having a significant impact on the planet.
COSTUMER EMPATHY
When Covid 19 hit the world, our way of life drastically changed. Three years later we are now facing issues with market equilibrium and inflation. These three major factors have created financial instability. Purchasing habits have changed and consumers are in need of extra income. In desperate times, it's important to connect people to the heart of ecommerce because it allows you to sell clothing you don’t want anymore to a large audience. Not only does Flip'n understand that communities in the globe are feeling the pressure of inflation, but we also understand the importance of diversity. Our team is committed to make customers feel accepted and support people wanting to embrace who they are. Clothing is not just something you wear, your dressing reflects your personality, mood, and what you are as an individual. Here at Flip’n we want to connect our target market which includes Gen-Z and Millennials together to buy and sell their clothing and accessories for money in an inclusive and affordable marketplace.