Uptown Cheapskate was started by two siblings, Scott and Chelsea Sloan. Being poor college students themselves, they became frustrated with the fact that being stylish in today’s society requires investing in trendy clothes. The solution they provided to this problem is called Uptown Cheapskate; the fashion exchange for young adults and teens, that has made it possible for cash-poor youth to afford stylish clothes.
The idea is that they buy and sell new and like-new name brand clothing and accessories for guys and girls at crazy low prices. Prices that will turn anyone into a serious shopaholic. How are they able to stock their racks with these amazing deals? Uptown Cheapskate pays fashionable shoppers like you cash on the spot for like-new items. Simply put: “we want to buy your clothes. Really. So bring us your stylish, like-new things, and leave with cash in your hand.”
To make sure that their trading customers were getting the correct payment for their clothes, they created a system called IMAP. When asked how it worked, they responded, “Sometimes a person has a designer or unusual brand that’s not easily recognized – and we want to make sure these sellers get what their items are worth. It took me almost a year to develop our IMAP program, which is basically the Kelly Blue Book for resale clothing. Our program recognizes nearly 5,000 unique brands, and assigns a range of values to each brand by type of item. This takes the guesswork out of buying, and ensures that we’re fairly paying out our sellers based on their items. This program is the cornerstone of our franchise system.” Having set the foundation that they needed for their business, Scott and Chelsea are pleased with the growth and direction that their company is taking.
Although I know almost nothing about fashion, this is such a productive business. I hear advertisements for Uptown Cheapskate all the time on the radio while I’m in the car. It’s important to have a place where low-income younger adults can buy clothes that are nice, but also inexpensive. IMAP also shows that they aren’t trying to scam their customers, and helps build a good relationship between business and customer.
This is brilliant! I love stores like this. As a shopaholic myself, I am always looking for ways to purge my closet of the things I no longer wear, and add to my collection with things that I would wear. I would absolutely work with a business like this!