Youll need antique furniture or nearly new high-end pieces. They buy gently used clothes and accessories for teens and young men and women. Generally, it is best to price your items 50% to 70% less than the retail price. It's a highly trafficked store, and very close to us. Its mind blowing. Then, once you start consigning, well keep track of all of your sales for that store in your online account. Two weeks later we found out the business closed their doors due to bankruptcy. 1. But unless you make a decent amount on any given sale, you could potentially make nothing. Thank you! In a wholesale arrangement, all of your expenses and profit have to come out of 50% of the retail sales price. The Value of a Solid Personal Financial Plan, Coronavirus and Working from Home: Small Business Tips On How to Survive the COVID-19 Pandemic, State-By-State Guide to Starting a Business, Wholesale Directory, Merchandise Suppliers and Drop shippers, How to Start a Daycare or Child Care Center: State-by-State Licensing Requirements. I dont have to do anything, just bring it up there. Ive seen them in strip malls, hotel conference rooms, and school gymnasiums. In my opinion this article incorrect. Save 10% on all ne twitter.com/i/web/status/1, We all have that pile of plastic bags we dont know what to do with! I have a very stereotypical picture of pawn shops. Consignment prices; Any area that deals with selling furniture; You need to figure out how your product fits into the current landscape. In 2000, we decided to add a second location. The consignment store (online or in-person), accepts your items to sell, The store is responsible for displaying, promoting and selling your item, If and when the item sells, you get a share of the price paid, and the consignment store gets the rest. Swap.com - This is one of the top-rated online consignment stores. Sell broken appliances to a recycling center for scrap or list them on eBay. Occasionally, I take women's clothes to consignment, but it generally only yields $30-$40, it's hardly worth it. Typically, the consignor receives a percentage of the revenue from the sale (sometimes a very . (Stuff Etc Black Bag must be used in order to receive the following discounts), Mondays:15% off all full priced books, DVDs and electronics, Tuesdays:15% off all full priced kids clothing, toys, games & puzzles, Wednesdays:Power Wednesday! Some only buy designer labels, others could care less about labels, and others that only shop the clearance racks. Consignment sales have the opposite problem of consignment shops. The pay isnt horrible (around 30% of what they sell it for). Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). Demand for your item. Now it's time to figure out the details. Tradesy. When Poshmark launched, it was originally focused on clothing, accessories, and shoes, but the platform has since expanded to include jewelry, childrens toys, art, and home goods as well. Bonanza is a website that allows you to list your household items for a fee. Poshmark reviews 2023: Is selling on Poshmark worth it? It varies from state to state. To get started with consignment you can read the resources we have online . Do you have a preference or experience finding better deals at thrift shops vs. consignment stores? I hadnt really thought of Half Price Books or Once Upon a Child as pawn shops either but they definitely fit the mold, lol. That is what I currently continue to do, but there are so many things that might(yesI said might) move better in a store. Save 10% on their bed in box mattresses during their March M twitter.com/i/web/status/1, Were moving right into our next big sale! Search for a Buffalo Exchange in your city. Consignment savvy people in Eastern Iowa make thousands of dollars, consigning their high quality clothing, furnishings and more with Stuff Etc with eight locations, we make it convenient for you to turn your "Stuff" into cash. Your email address will not be published. In jewelry sales, the most common consignment percentage is 60/40 (60% of the money from the jewelry sale goes to the artist, and 40% to the shop or gallery). This portion is called the "Consignment Percentage" or "Consignment Fee". 23 Stuff Etc reviews. Ill have to resist the temptation to look through that whole bicycle catalog. The most popular online social media networking site includes several ways to buy and sell items on Facebook. First, users can list their items on Facebook Marketplace. Our first storefront in Iowa City was on Highland Ct in a 750 sq ft building in a light industrial area where we shared our b uilding with a bar and a sheet metal shop. Consignment is a business model in which a retailer, also referred to as a consignee, agrees to pay a seller, or consignor, for merchandise after the item sells. In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. For example, if you bought a $20 toy for your child, then it should be priced at $6 to $10 . Hope it did not get soiled, or, degraded. I had an experience with a consignment shop that was not a good one. Open a consigning account and start making money! If you are going to open a consignment store, do NOT limit the type of consignment accepted. Sunday 11am - 5pm. Determine your stock agreement by discussing how many you're trying to sell per design and at what price. You can log in to your account whenever its convenient for you and watch your stuff turn into cash! The term second hand store can mean a lot of different things to a lot of different people. You can read more about this in one of my earlier post Finding the Right Auction House to Sell Your Antiques. Price their donated items?? Classifieds also provide a marketplace for items that are rarely sellable in the other shops, including RVs, collectors items, renovation scraps or items in bulk. A book will resell for $10, so they pay you $5 for it. Decide how much you want to charge your consignors for selling their items. See what employees say it's like to work at Stuff Etc. If you sell your clothes to a consignment shop, you'll probably make significantly less money than you could if you opted to sell your clothes from an online marketplace like Poshmark, eBay or Mercari. AND dont forget items in the store after 60 days are 50% off and after 90 days they are 80% off. Start your Stuff Etc Consignment experience now! When youre ready to start consigning with Stuff, youll need to visit one of our stores in person to complete a consignor application to get approved and have your online account created. Plus when you are sneaking out that toy that is so obnoxious it makes you cringe every time your child plays with it or turns it on for me it is a Big win just to get it gone without the drama. 50% to the retailer. Many of the most popular consignment shops specialize in reselling fashion, such as clothing, shoes, jewelry, and more. Second, you can list your item in one of Facebook's "Buy and Sell Groups.". Occasionally, I take womens clothes to consignment, but it generally only yields $30-$40, its hardly worth it. Household items must be clean and in working order. This can be a great way to get the most for your money at your easiest convenience! If your product is a "hot" item or helps drive extra traffic to that retailer, you can . By comparison I cleaned out my closets and have already made $200 with far fewer items from Facebookseriously check it out! If so, show us your military ID and you can save 10% on all full priced items everyday at Stuff Etc. Online consignment typically pays via Paypal, check or bank transfer. Craigslist is creepy, so I dont sell on that site. It might be a fairly inexpensive way to learn how or if a new product will sell. ThredUP accepts women's clothing, purses, shoes, accessories, and maternity wear. Listings can be easily shared on social media - and the app allows you to track your sales. I collected a bunch of clothing from my family to submit to our local consignment store. Check out this list of 33 things you can sell to make money. The clothing resale platform Poshmark takes just 20% of every sale or $2.95 for any sale under $15. These thrift shops frequently work as non-profit organizations, but not always. A few weeks later, the shop owner calls to let you know that they were able to sell the bag for $150. Email address. If you're ready to part with this . Its 2014 and I just stumbled across this page but just thought it was a bit misleading about pawn shops. Best Online Consignment Shops. While you're there, ask the auctioneer how sales are promoted (online, in newspapers, and via e-mail is best) and whether they are simulcast online. Consignment goods are typically sold through consignment stores, which receive a percentage of the sale revenue (sometimes a very high percentage) as a commission. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. Claudines Debt-Payoff Success Story: From Foreclosure to a Mobile Family Business, Sell Your Crap: Download and See Bonus Videos. Thats a great look at consignment stores. Check your local Google listings and reviews. ), Corporate Office 2818 Commerce Drive In other words, to sell here, you'll pay The Real Real between 80% and 15% of your item's value simply to sell it on your behalf. Here's a list of what to cover: Inventory. As the owner, youd pay a small fee to the shop as compensation for them selling your item. Come to think of it, my mom kind of runs a consignment shop with her yard sale! Click on the following links based on the store your account is located. The negative posts are definitely discouraging, but its great to know that you can be successful! Then, Lord forbid it SELLS after x time. I get store credit and whenever we need something for the kids, we go there b/c we always have store credit. It is a personal choice for how you want to get rid of your used valuables but it can make sense to outsource the sale of clothes, furniture, jewelry or other valuables to a retailer who knows how to advertise, display and sell. Instead, Im happy to give it to a needy family! In 2003 we decided to venture into the Cedar Rapids market. People love to talk about themselves.so listen to them. Consignment shops typically operate in one of two ways: While consignment shops are for-profit businesses, thrift shops are typically non-profit organizations run by charities. At Around the Block, our consignors receive 60% of an item's final sale price. The company bills itself as The Selling App, a place for users to list items for sale that they no longer want or use. Also, find out what the house's "sell-through . I sell my gently used or new clothes at Hut 8 in They except more of my clothes than platos closet. I got a total of $3.55 for my bag. Just like every other retail transaction, consignment shops are also going online. I assumed that all shops gathered their inventory by buying goods from people directly, or from donations. I own a consignment shop that sells everything and everything. Auctions are hit and miss. My mom passed and my siblings, having watched too much Storage Wars, were convinced we could get $500+ for what was left overfail $200 Thats it. We can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! 2818 Commerce Dr, Coralville, Iowa, 52241, United States. I say this very lightly; but technically, its 50% of what theyd sell it for. Consignment is NOT your regular retail job! If your product is a "hot" item or helps drive extra traffic to that retailer, you can start at 60/40 then maybe move to a 50/50 or even 40/60 split. Poshmark pays 20% commission. Platos closet isnt considered a pawn shop but a resale shop. 30-item limit. If you can get 70% to the artist, 30% to the shop, that split is also sometimes done. What percentage do most consignment shops take? Its been 38 years, Iowa!! After a year there, we decided to build a new building on Keokuk St. (Remember that it can take a few weeks for items you consign to make it to onto the sales floor especially if youre consigning seasonal items, so if you dont see sales immediately, dont give up! Create your store. After you drop off your tote leave the rest to Stuff Etc! More about Emma's credentials. My children are 10 6 and 4 and thats exactly what I want to do. Just drop it off and get something for it.What is the name of the place you go to? I cant understand this insanity. A great way to shop at Stuff is to pick up current styles, wear them for a season, then bring them back to Stuff as a consignor when you're ready for something new. This rating has decreased by -16% over the last 12 months. Our first storefront in Iowa City was . After this time, if a sale is not made, the goods are returned to their owner. Your item will have a harder time standing out, but there are literally hundreds of shoppers ready to load up their cars. Based on the 75% consignment, your proceeds are $112.50 . Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM. We werent in a hurry, so it seemed like a good way to sell them and get a little more than we would at a garage sale. Items sold for less than $1000.00: 50/50 split of the final sale price. The owner keeps ownership of his item until it sells, if it sells. In 2010, we sold our very first franchise in Waterloo and opened our second franchise in Davenport in 2011. I am cutting BACK on Consignment. And we are going to start it today NOT February 1st! There are some scenarios (like donating an old car) where the tax-deductible receipt is a lifesaver, but I rarely actually use it. I regularly donate my baby clothes to local shelters (obviously, not a second-hand shop, but a non-profit). Were celebrating our anniversary this month. Thank you so much Courtney Baker for this VERY useful article, and thank you klp. The RealReal offers value mostly to sellers of high-priced luxury items: Its commission structure favors watches that retail for about $3,000 or more with its highest payout percentage of 85%. This fee can go as high as 50%. Most everything I offer for sale moves quickly and for a good price. Check our consigning calendar to see when your items are accepted. Considering both the consignors and buyers as our customers, everything we do at Stuff Etc is focused on complete customer satisfaction. The selling sites on Facebook are worth selling childrens items or what else you want to sell on there to get some extra cash. Similar to Platos Closet, Buffalo Exchange is a clothing consignment brand with locations throughout the United States. I actually loved ThredUPs old system. In other words, a consignment sale is an agreement in which a third party is entrusted with selling goods on behalf of the owner. Its standard to earn 60% of the sale price as a base rate on your sold items, but youll also pay a $10 to $15 entry fee. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. I love adding to my wardrobe and the thrift store allows me to do so! I wonder if those who donate to this store realize if items dont sell within a month, they get trashed. Its hard to turn a profit with five smaller items and a $10 entry fee. With other types of sales, you are paying some of your profit to businesses to get the job done. Corporate Office Stuff Etc headquarters are located in 2818 Commerce Dr, Coralville, Iowa, 52241, United States, Stuff Etcs main industries are: Retail, Auctions, Retail, Stuff Etc appears in search results as Stuff Etc, Stuff Etc Quality Consignment, Stuff Etc Waterloo, Get Free Access to Stuff Etc Contacts Info. I'm just posting to clarify for other readers, not just 'picking'. Weve purchased furniture in the past second-hand and havent had a problem, but I wonder if you have any thoughts on this? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Privacy Policy & Terms | . Several people put their items in the sale with their names marked. In spite of the lousy location for retail, our business started to grow. In fact we have a section on our website that shows everything we take year round, no matter what month it is! Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office Ive found these types of shops to be inconsistent in how much they pay you.