Global apparel sales surpassed
$862 billion in 2007 and after one year over 37% of that
clothing was still in good viable condition yet the post-purchase
residual value was less than one-quarter of 1% or 2 billion
dollars. Are the goods actually worthless? Secondary sales prove
not. The consumer's low return is attributable to three
limited disposal options: give away, consign or auction. The tax
deductions for
donating
goods are minimal and auctions continually disappoint small
sellers but as consumers buy new garments yesterday's goods
worth $100 to $2500 fill drawers and closets in 7-out-of-8
households. Money spent on goods no longer worn.
JeanBank adds a fourth option; by JeanBanking your goods
you make them directly available to others as their goods become
available to you. Don't recycle? Then donate tax-deductible
goods virtually to a favorite charity near or far
at true market
value and use
JeanBank to document an increase in
the actual tax deductible value of your donation! More on 2010
donations later as we grow.
The focus of JeanBank is jeans, denim & casual clothing including
bottoms, tops, shoes,
jackets, outerwear and accessories. There's G'OLD in them thar jeans! Jean sales were
$51.6
billion in 2007 while tops and shoes (including athletic
shoes) added another $80 billion to global sales. The bartering
business was
up
176% in first quarter (NBC) yet clothing has never been
bartered, traded or exchanged with much success.
JeanBank eliminates the one problem that dooms all
clothing barters by creating a fair and uniform system of
evaluating goods and the means to guarantee instant access to
spendable income and new clothing!
Depositors typically withdraw a mini-wardrobe and benefit
themselves and others economically, socially, psychologically and
environmentally.
Value of Your Deposit = MSRP x Condition x
(Interest (Winter '10))
simple formula makes Depositor's currently valueless goods
valuable
what Depositor actually paid for
goods is unimportant
Condition and Interest (beginning Winter '10) determine Deposit Value.
Competition? Very, very little! How Sweet It
Is! Secondary (post purchase) market offers only three limited
alternatives to JeanBanking.
1.
Consignment stores * pays 40-50% minus membership fees.
* many like The Snooty Fox in SW Ohio charge $20 to open your account.
* store sets price of your goods & takes half, reduces price if
unsold.
* allows only seasonal goods & certain brands, may reject any item for any reason, and only
pays by check.
2.
Online auctions
* selling 2-5 items doesn't generate enough traffic or
money to be worth-while for many.
*
JeanBank may be Ebay compatible with an
associate site dedicated to Ebay in the future sales
*
JeanBank could sell goods from multiple
Depositors better and cheaper as one.
3.
Charity - click to see minimal tax-deductions from one charity. What if your jeans cost $150?
* donating a garbage bag to Goodwill,
Salvation Army, etc provides modest satisfaction and a very
modest tax deduction.
* some for-profit stores pay less than 3% to
non-profits for name. AmVets for one.
* We have a winter addition where you can give virtually to
a local or national charity or non-profit
of your choice for a sizable tax deduction reflecting it's true value.
JeanBank would like to sponsor charity
auctions of donated celebrity jeans. My favorite - JeansForGenes.
Bartering, swap and exchange sites are confusing -
you must value and list your goods AND find the one person with approximately the goods you need who
needs the exact goods you have....on & on... and who's responsible if goods are
misrepresented? JeanBanking your goods eliminates those
problems.
Additional Consumer Information & Services
planned
* consumer services: blog, referrals, transaction guarantees,
locator
* myspace, facebook, twitter, etc
(social networking, sensuality
and great fitting jeans go hand-in-hand.)
* reviews and feedback on brands, styles, retailers and
manufacturers
* retail links, environmental information, denim
alternatives, fun
* promotions, advanced notice of sales, redeem Deposits for
retail discounts
We perform a Service for other Groups increasing their chance for Success
1. Weight Loss Centers - Weight Watchers, Jenny Craig, L.A.
Weight Loss, etc.
* the expense of new clothes is a psychological
obstacle to weight loss
* local pick-up saves postage, promotes group
inter-action
2. Social sites - You Tube, Facebook, etc.
* sensuality motivates consumers searching for the
perfect fitting blue jeans
* people love to show off their new or old
favorite jeans
* Jean Bank Depositors are featured for their 'bottoms'
and their face is secondary
* contests include free promotional jeans supplied by
manufacturers
From a business standpoint this is an unexplored
virgin market prime for development and fat with goods too nice
to donate to charity.