As thrifty customers turn to secondhand goods, resale stores are profiting from the recession. It seems a lot of people are looking to cut back on their spending and actively searching for ways to save money. What better way to save money than to buy secondhand online?
Secondhand store bargains
With the worry about job security and the economy, many people are looking for real bargains. An article in CNN Money.com points out that secondhand stores benefit from this interest in bargains. Many companies have worked to cast off the bad image conjured up by the term “secondhand”. The use of retro and vintage for clothes has helped consumers find buying in secondhand stores more acceptable.
Saving money
Certainly the public seems to much more interested in saving money. A look at my favorite tool, Google Trends, shows that “saving money” is increasing in search volume. As always, I use “domain names” as a benchmark since the graph is of relative search volume and not absolute numbers.
Domain names in a tough economy
With consumers searching more intently for bargains and ways to save money during these difficult times, good quality domain names in this area should do well. The catch though is that if the economy improves, you may see a fall in traffic to such domains.
Of course development is always an option and the consumer is always on the lookout for a true bargain no matter what the economy.
As always, do not invest what you cannot afford to lose.
Here is the CNN Money.com article: Secondhand stores shine in weak retail market
As a side note, I am back to my regular schedule so expect to see daily posts on the blog.
