High law-school debt spurs fashionista lawyer’s entrepreneurial idea
By Debra Cassens Weiss
Sep 3, 2013, 03:40 pm CDT
High law-school debt brought out the entrepreneurial side of Elise Whang, who is now CEO of an online consignment shop that focuses on high-end apparel and accessories.
Whang needed to dress well for her career, but her law school debt interfered with shopping, AdWeek reports. Her solution is the website SnobSwap.com. It is among several new online stores that offer gently used designer goods for sale, including Shop-Hers.com, Portero.com, Vaunte.com and ThreadFlip.com.
SnobSwap.com charges a 10 percent fee to sellers, who can also opt to swap their merchandise, according to an October story by ReadExpress.com. To ensure that the goods are authentic, SnobSwap hires a third-party authenticator to review all posted items, AdWeek says.
“Consignment shopping used to have a stigma to it,” Whang tells AdWeek, “but as the younger generation—who have learned from the recession—move into the workforce, they’re more open-minded about recycling and reusing, and fitting that into their lifestyles.”