What is LetGo App?
LetGo is an online marketplace app that allows users to buy and sell various items, including electronics, furniture, clothing, and more. The app was launched in 2015 and has quickly become a popular choice among online shoppers and sellers due to its user-friendly interface and extensive range of features.
One of the key aspects of LetGo is its simplicity and ease of use. The app allows users to quickly sign up and start browsing through various items for sale in their area. The search feature makes it simple to find specific items based on keywords, and the app even allows users to filter their search results by location and price range.
When it comes to selling items on LetGo, users have the option to post a detailed description, upload multiple photos, and set their own price. The app allows for free listings, and there are no commission fees involved, making it an attractive option for those looking to sell their items online without incurring additional costs.
One of the most unique features of LetGo is its chat functionality, which allows buyers and sellers to communicate directly through the app. This feature allows for seamless communication and negotiation, making it easier for users to strike a deal and sell their items quickly.
Another great thing about LetGo is its emphasis on safety and security. The app has implemented various measures, such as in-app messaging and verified user profiles, to minimize the risk of scams and fraudulent activities. Additionally, the app allows users to report suspicious behavior and transactions, ensuring that the community remains a safe environment for buying and selling.
Overall, LetGo is a reliable and convenient marketplace app that offers a wide range of features and tools to both buyers and sellers. Its user-friendly interface, safety measures, and chat functionality make it a great choice for those looking to buy and sell items online.
Frequently Asked Questions about letgo app
Letgo was founded in 2015 and is available for iPhone and Android devices. The premise is simple: Snap a photo of something you'd like to sell, post it to the app, and chat with potential buyers. Letgo is consistently one of the top 50 free apps in the App Store, vying for dominance with a similar app, OfferUp.
Private
Letgo
Type of business | Private |
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Type of site | Online classifieds |
Available in | English, Czech, Spanish, Brazilian Portuguese, Italian, Norwegian, Swedish, Croatian, Turkish |
Founded | January 2015 |
Successor(s) | OfferUp (for North America) |
letgo's App was launched in January 2015 by Alec Oxenford, former CEO of OLX along with Jordi Castello and Enrique Linares, the app initially targeted the U.S. market, competing against eBay and Craigslist. The company is headquartered in Barcelona and New York City.
With tens of millions of users, letgo is already the largest and fastest growing app for buying and selling near you. It is one of the most used apps in the US, and letgo users buy and sell all kinds of items, from electronics, cars and collectibles to clothing, furniture and other decorative items.
Compare the Best Apps for Selling Stuff
Company | Time to Receive Payment | Selling Area |
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eBay Best Overall | 1–3 business days | Worldwide |
Meta Marketplace Best for Free Listings | Varies | Local |
Nextdoor Best for Local Sales | Varies | Local |
OfferUp Best for Buyers | Typically within 5–7 days of item delivery | Nationwide |
OfferUp
- OfferUp and Letgo are now one big marketplace. Why you'll love using OfferUp: The biggest mobile marketplace for local buyers and sellers.
Best Apps for Selling Stuff
- Best Overall: eBay.
- Best for Free Listings: Meta Marketplace.
- Best for Local Sales: Nextdoor.
- Best for Buyers: OfferUp.
- Best for Selling Designer Items: Poshmark.
- Runner-Up, Best for Selling Designer Items: Tradesy.
Letgo will charge the product owners with fees ranging from $0.99 to $3.99 that depends on the product. More and more users on the Letgo are attracted to this feature, as it allows them to play safe. This way Letgo earns revenue from the Freemium model.
letgo was founded in 2015 by Alec Oxenford, Jordi Castello and Enrique Linares.
Freemium Model
Letgo's primary revenue model is the freemium model. This means that Letgo allows people to sign up for the app and list their products for free, which allows the app to quickly build a large user base.
Best apps and websites for reselling items
- Best for selling everything without fees: Facebook Marketplace.
- Best for selling handmade and vintage items: Etsy.
- Best for selling clothing: Depop.
- Best for selling home goods: Mercari.
- Best for selling specialized goods: eBay.
- Best for selling luxury clothing: Poshmark.
OfferUp. "Letgo Is Now Part of OfferUp!"
Best Apps for Selling Stuff
- Best Overall: eBay.
- Best for Free Listings: Meta Marketplace.
- Best for Local Sales: Nextdoor.
- Best for Buyers: OfferUp.
- Best for Selling Designer Items: Poshmark.
- Runner-Up, Best for Selling Designer Items: Tradesy.
Let go of my hand. He let go of the rope. You need to let go of the past.
letgo's revenue is $27.0 million.
Letgo peak revenue was $27.0M in 2022.
How to Sell an App Idea to a Company
- Put Your App Idea on the Paper.
- Do the research and analyze information: Know your market and your users.
- Create a Business Concept.
- Develop Your App.
- Launch and Grow Your App.
- Find potential investors and pitch them.