Posted on Monday, April 28th, 2014 by Will Hagle
Theorem is a name-your-own price market place for high-quality, locally-made apparel.
Theorem is a pay-what-you-want clothing marketplace. The site offers men’s and women’s clothing and accessories from a large variety of local businesses. There are no prices listed on Theorem, because every price is determined by the user. The site works by sourcing products from top-tier designers, and much of the clothing and materials are usually in a limited-run (compared to mass-produced apparel). If a Theorem member likes an item, he or she submits an offer. All offers are sent to the designers, but since products are in limited supply (of each size), only the highest offers are typically accepted. All types of clothing are offered on Theorem, and the Accessories section ranges from hats to ties and backpacks.
According to Theorem, the average accepted offer is up to 30% off sticker price of the item. Still, it’s best to be relatively honest when making an offer, as it’s ultimately up to the designer whether or not the offer will be accepted. Still, the site has integrated a fantastic idea that democratizes the shopping process. Although the majority of the products hosted on Theorem are well-designed and made using high-quality materials, the name-your-own-price method makes it easier to find a little bit of a deal. Plus, the process of making a purchase is probably more exciting than just hitting “buy now,” especially because you’re essentially in competition with everyone else that’s using the site and making their own offers.