I recently spoke with Matt Barker, the CEO and founder of global marketplace MPB, a world-leading online platform for buying and selling used photography gear. Barker offered some incredibly insightful advice on how to navigate the growing recommerce market of secondhand goods as we enter 2024.
MPB has released a report on The Psychology of Recommerce, along with Retail Economics, which uncovered that a large 71% of consumers in 2023 had bought or sold used products. This change in consumer motivations is down to plenty of factors, as the report delves into, but the high price of new flagship camera models has been called into question.
