Depop is a social marketplace and app where users can buy and sell an array of items.
It's been described as a mix between eBay and Instagram, and because of the ease at which you can set up shop, list new items, and engage with your community, it's achieved explosive success with the younger generation. Since launching in 2011, it has grown to have over 13 million customers in 147 countries; 90% of these users are under the age of 26.
Rachel Swidenbank, vice president of marketplace at Depop, told Business Insider that some sellers can pull in as much as $300,000 a year on the app and have been able to buy houses and cars before they've even reached college age.
Read more: How to make money selling clothes on Depop
Original author: Mary Hanbury