2818 Commerce Drive But its true! I ALSO tell them, IF there is NO INTEREST. Storage. How many of you thought this would be our most commonly asked question? I finally just got frustrated and started packing stuff up to donate. I take childrens stuff to the consignment shop down the street 2 to 3 times a year though. RV consignment is when a third party sells your RV on your behalf and takes a percentage of the sale as payment for their service. Consignment stores are for profit. Stuff Etc. ), Corporate Office My wife and I are considering starting our own resale/thrift store. What is the different between a consignment store and a thrift store? The Salvation Army publishes a value guide: http://satruck.org/donation-value-guide. I never thought of resale clothing stores as pawn shops, but technically, they are. This marketplace will advertise your item to anyone in your vicinity. SENIOR DAY:Every Wednesday in our store is Senior Day! It varies from state to state. 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. Ive seen them in strip malls, hotel conference rooms, and school gymnasiums. Answer: Its easier than most people think. When the payouts from other second-hand shops would be tiny, I prefer to just donate those items. My question is How does a Thrift store like Savers, Goodwill, etc. 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. A few days before the sale, the organizers will open the doors for you to drop off your items. I havent received the greatest price for my items, but thats made up for with how little effort I can put in. How to get rid of junk: 24+ free and cheap junk removal options. Sunday 11am - 5pm. It involves jewelry, ripped-off cell phones and wrought-iron bars. If 1 tote just isnt enough then we do have the option for an appointment, which allows you to drop off 2 totes. 2023 Wealthysinglemommy.com, Single Moms: Date, parent and make money like a mother. Remember, all these businesses share a desire to purchase high-quality, clean items in good condition that are currently in style. Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office Courtney, Youll need antique furniture or nearly new high-end pieces. As a warning, though, this type of second-hand selling can also flop if you dont do any research. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. I hadnt really thought of Half Price Books or Once Upon a Child as pawn shops either but they definitely fit the mold, lol. The 'percentage' is calculated by dividing the payout by the amount of the sale. 30-item limit. When the share is less than expected, just inquire as to why. If this is more up your alley just give us a call to schedule an appointment. . In December, I made over $4,000.00. It's a win win when you shop resale! There isnt a ton of inventory in these shops, so your item has less competition, but in many cases, there also isnt a ton of traffic coming through the door. The negative posts are definitely discouraging, but its great to know that you can be successful! Like ThredUp and Poshmark, Mercari is an online consignment shop. Once you accept the offer, the dealer will handle all the financing and paperwork to transfer the RV title for you. There are actually several nationwide chains that resell goods under pawn-shop policies, like Half Price Books and Platos Closet. Bring them to us!! Different items may be less desirable in different markets, check with your local store if you have questions about an item. The selling sites on Facebook are worth selling childrens items or what else you want to sell on there to get some extra cash. A 20% gross profit for a retailer would be reduced to probably less than a 5% net profit. How can find out what year/season the garment was made? The consignee often takes a commission or fee and then the remainder of the sale price is paid to the consignor. Its 2014 and I just stumbled across this page but just thought it was a bit misleading about pawn shops. I have used eBay for years more as a buyer than a seller but for confident buying/selling online you cant beat it. Email address. | qazwilson, Pingback: How Can I Sell My Homemade Stuff? Tradesy. Monday Saturday10am 7pm A few weeks later, the shop owner calls to let you know that they were able to sell the bag for $150. 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. You'll have to pay 3.5 percent of the sale prices of your item if it is under $500 and $17.50 plus 1.5 percent if your household item is over $500. Stop by a Stuff Etc store today and see how we . You can arrange the sale for a public location without them coming to your home! You can find all the latest home dcor and furniture styles plus dress the entire family in the brands you love. I usually bring stuff to my moms house and we have a joint yard sale but were still weeks away from warmer weather. These posts can help you understand what you own and how much it is worth: Learn about the top online jewelry auction sites. etc. Answer: We absolutely do! Note: This is a post from Courtney Baker, chief seller and long-time running wo-man of MvD. There are two consignment options physical shops and weekend sales. Profit Splits. Winner of Parents magazines Best of the Web and a New York Observer Most Eligible New Yorker," her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. The most important thing to know about consignment sales is that they are only worth it if you have a large selection of things to sell. See what employees say it's like to work at Stuff Etc. Generally, when they sell your bicycle, they take their 50% or $10. 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. Consignment is an arrangement in which goods are left in the possession of another party to sell. All battery-operated items must have working batteries in them. However, before you go into consignment, you should take note of the following: 1. I would have gladly donated them to a family in need instead of lining the pockets of a scammy corporation. Be a shopper-consignor these savvy individuals know how to make the most of every purchase they make from Stuff Etc or the mall. They accept an item for consignment and then pay the original seller a percentage of the sales price if and when the item sells. Some items that are BIG SELLERS for Stuff Etc are athletic wear, home decor and furniture. Sellers get paid on a sliding scale. There are likely luxury consignment shops near you as well. A 20% gross profit sounds very high to anyone not operating a business. 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! Iowa City, Coralville, Cedar Rapids, Waterloo, Davenport, Ankeny, Especially Savers. In 2010, we sold our very first franchise in Waterloo and opened our second franchise in Davenport in 2011. While there nominal fees for placing your ad in a newspaper, magazine or online marketplace, its usually smaller than consignments or pawn shops. There are some items that we just cant take for consignment at Stuff Etc. Create your store. You might also consider donating your old appliances to a charity or local thrift store if you are unable to sell them. A book will resell for $10, so they pay you $5 for it. 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! Have had success with both. More about Emma's credentials. Stuff Etc Profile and History. Other consignment shops can operate in a variety of niches, such as furniture or home furnishings. Any money they make by selling the donations theyve accepted is used to fund the mission of the charity that owns the non-profit. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Get the clutter out of our house and get the stuff we need for the kids in exchange. Corporate Office Keep this in mind when pricing your menu items. Consignment shops, on the other hand, are for-profit businesses that purchase items from their original owners and then resell for a profit. Decide how much you want to charge your consignors for selling their items. The shop can take anywhere from 30% to 60% of the profits, so make sure you negotiate! Its been 38 years, Iowa!! Its standard for you to drop off your items for a 30-, 60- or 90-day cycle. Ive even heard customers ask other customers where our bathrooms are. Apr 6, 2010. Having a strong sense of style doesn't mean you have to break the bank when you're shopping! Your email address will not be published. Thank you so much Courtney Baker for this VERY useful article, and thank you klp. 21 apps for selling stuff online or "near me" in 2023. . We sold a few childrens dresses at a thrift shop. However, in general, most consignment stores have fairly slim profit margins - often around 10-20% . Carousell. And Half-Price Books doesnt market itself as a pawn shop. You may decide to visit a few consignment stores near you to see if you can make more money. It certainly didn't start that way, nor was it ever conceived that it would grow so dramatically. That is, the retail shop owner will typically pay you 50% of the suggested retail sales price up front. We can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! Its easier for us to help you BEFORE you leave the building. If the bicycle doesnt sell, then you take your items home for no charge. Tradesy. After the sale, you can either collect your items or have them donated on your behalf. I own a childrens consignment store and we are very busy and have a few thousand consignors. Click here to see list of stuff we dont take. Coralville, Cedar Rapids, Clive & Dubuque Tuesday thru Saturday 10 AM to 7 PM, Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM, Waterloo location accepts consignment Tuesday thru Saturday from 10 AM to 5 PM, Davenport location accepts consignment Tuesday thru Saturday from 10 AM to 5 PM, Ankeny location accepts consignment Tuesday thru Saturday from 10 AM to 5 PM, Consignors may bring in one 15 gallon bag or box, Unaccepted items will not be given back to consignors, Unaccepted items can be returned to the consignor; must pick up within 48 hours after receiving item list email. Staying on top of your Stuff Etc consignment account is easy - check your account status online anytime. Ive even found the childrens consignment shop circuit to be impossible to make money at with kids stuff unless you have some really high-end brands. 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. Generally, it is best to price your items 50% to 70% less than the retail price. The highest should be 20%, but many will reduce that to 10%. That is what I currently continue to do, but there are so many things that might(yesI said might) move better in a store. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. They were able to tell from the label. Click on the store button to view ourfeatured products from the comfort of your home! Quality Consignment Stores has grown from a small secondary shop in Iowa City to a well-recognized chain with seven stores across the state. No flow charts or diagrams needed, promise!! Any final sale on items from $31 to $60 means a $30 commission for the company. (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! Consignment sales are a trade agreement in which one party (the consignor) provides goods to another party (the consignee) to sell. In July of 2005 we moved our Iowa City store into a 24,000 square foot space in a strip mall at Pepperwood Plaza (once a Best Buy). Time-saving convenience. Several people put their items in the sale with their names marked. We live in Taylor, Mi. You never know if its worth it until you try. Im just going to throw this out there.our most commonly asked question might be a shocker to you. You receive $10. If youre ready to part with this stuff anyway you might want to start a donation or garage sale bag as well as your Stuff Etc consignment bags so you can easily sort which items to bring into Stuff, and which you want to donate or sell elsewhere. Do I think youre getting the best for your money? Check our consigning calendar to see when your items are accepted. This definition encompasses both thrift stores and consignment shops, which are very different types of business. Not sure what else you can sell? Its hard to turn a profit with five smaller items and a $10 entry fee. It was very informative. The term second hand store can mean a lot of different things to a lot of different people. And YOU get stuck, STORING. What is really upsetting is the amount of really good items they simply CRUSH, and throw away in huge garbage containers!! This fee can go as high as 50%. So from March to June we are accepting summer merchandise. Before you start consigning or selling jewelry, you should know what you have. (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! However, there has been a rise in ecommerce-based consignment shops over the . You own the product, in their shop, and are responsible for stocking the store shelves. Popular chains of consignment stores include: Platos Closet is a nationwide clothing consignment franchise with locations in 50 states. Continue to 9 of 10 below. Mary Sundblad started Stuff Etc in 1985 in a . If your product is a "hot" item or helps drive extra traffic to that retailer, you can . If you believe that your item still has value and that someone would be willing to pay you for it, then your best bet will be to approach a consignment shop first. Ive been googling how I can tell from the label myself, but all I can find is the RN number which is not indicative of the year the actual garment was made. They usually pop up for a weekend, 2 to 4 days, in random vacant spaces. . For my books I usually go to Half Price Books no I do not always get what I feel that I should for what I donate but, on the plus side I get a bit of extra cash and I get rid of my books. It certainly didn't start that way, nor was it ever conceived that it would grow so dramatically. The pro to a classified ad is that you have more control over your item, but that also means you have more decisions to make and more responsibilities to get it sold. Online consignment typically pays via Paypal, check or bank transfer. Bring them to us!! Common Consignment Percentages. In July of 2005 we moved our Iowa City store into a 24,000 square foot space in a strip mall at Pepperwood Plaza (once a Best Buy). Required fields are marked *, Notify me of followup comments via e-mail. Our shop in in the busiest plaza and usually has a line at the checkout. Ive learned how to quickly write ads, to know which marketplaces to sell different items in, and how to handle interested buyers. Sunday11am 5pm. . I wonder if those who donate to this store realize if items dont sell within a month, they get trashed. Consignment shops are typically retail stores that specialize in a particular type of consumer product. Consignment shops are for-profit businesses that specialize in reselling items. 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). First, users can list their items on Facebook Marketplace. ThredUp - Sell your kid's clothes to ThredUp. However, I think the pawn shop description is wrong. Instead, Im happy to give it to a needy family! 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! The consignment percentage calculator then determines what percentage of the retail selling price should be paid to the consignee as their fee. What Should I Do If a Domain Name Is Already Taken? Mercari. Why Consign your Quality Used Clothing or Housewares with Stuff Etc? Usually, the consignment store chooses how to display and price your item. One of these days I will do it and might even blog about it, lol! Consignment sales have the opposite problem of consignment shops. 2818 Commerce Drive It is common for clothing consignment shops to pay modest up-front fees for quality items in good condition. We used Its Deductible (by Quicken/Turbo Tax) to track and value our donations. Typically, when you sell clothes, accessories, furniture, or appliances via consignment, you take your item to the store or send them photos of larger pieces and the consignment shop will decide whether or not to take your item. I get store credit and whenever we need something for the kids, we go there b/c we always have store credit. We just ask that all drop offs are done half hour before we close that way we have enough time to process your items correctly. Just let our register associates know you qualify for the Senior discount. Consign early to get the highest return on your items. We are so busy in fact, and sell item so quickly that we never stop taking items because we are too full., Perhaps you should mention that your information may only be about the area where you live and not ALL consignment shops. 40-60% of what the store expects to retail the item for is a common range for consignment fees whether you are paid up-front, or upon sale. Typically, when you sell clothes, accessories, furniture, or appliances via consignment, you take your item to the store or send them photos of larger pieces and the consignment shop will decide whether or not to take your item. It's good to set a minimum price that you will not go below. I personally assume that the margins in astronomy products are pretty high as it is a niche market. I actually loved ThredUPs old system. Huge difference between a resale shop and pawn is that pawning gives you the option to use your belongings as a loan to get money or you can sell your items to them and get money that way. Ill have to resist the temptation to look through that whole bicycle catalog. An item costing a retailer $5 with 200% markup would retail for 5 + 5*2 . Its been 38 years, Iowa!! Our years of experience have given us a great idea of what sells, and what doesnt. Each Stuff Etc store takes the last 2 years style of clothing and accessories. On a $100 sale with a 40% consignor share, the payout should be $40, so 40/100 = .4 or 40%. You feel good about yourself while increasing your tax deductions, and they place your items on their shelves. They are the biggest rip off Ive ever seen. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. I collected a bunch of clothing from my family to submit to our local consignment store. These are quality sites that do not traffic in fake bags: There are likely furniture consignment stores near you aka vintage furniture stores, antique shops, antique malls, used furniture stores that accept antiques, vintage furniture, household items like china, silver flatware and art. My personal favorite is thrifting. After you drop off your tote leave the rest to Stuff Etc! Check your local Google listings and reviews. Whether youre looking for ways to expand your wardrobe on a budget or cash in on nice clothes you no longer wear, consignment stores can be a solid option: Most consignment stores offer a broad selection of second-hand casual, business, and evening threads at much lower prices than youd find in your local department store. Answer: Yes, we do! I am cutting BACK on Consignment. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Mary Sundblad started Stuff Etc in 1985 in a . Household items must be clean and in working order. Id love to find a place like this. Newspaper spaces can cost $15 or more for an ad, while the online marketplaces can cost $1. Its an awesome set up. ThredUp. In some cases, you are paid a fixed sum upfront for any items the consignment store accepts. Oh, and Ive never heard of ThredUP, but thanks for the heads up. Consignment is NOT your regular retail job! organization, etc. Your Guide to Consignment Shop Ownership, Consignment Shop Confidential: Short Stories from a Ladies Consignment shop, What You Need to Know When Starting a Retail Store: Tips to First-time Retailers, Cost and Expenses of Starting a Shoe Retail Store Business (Part 3), Keys to Success in the Clothing Retail Business, Starting a Specialized Clothing Retail Store Business, How to Succeed in the Shoe Store Retail Business, How to Sell More Online: 40 Tips for the Small Online Entrepreneur, The Best Managers & Team Leads Will Have These 7 Qualities, Professional Services That Save Your Business Money, 6 Low-Cost Business Ideas for Entrepreneurs on a Budget. ThredUp is an easy and convenient way to buy and sell secondhand goods, with headquarters in San Francisco and delivery facilities across the U.S. You can sell or buy stuff on ThredUp or the app. Get monthly news, updates and promotions from our Stuff Etc locations. That's an extraordinarily high commission rate that makes selling on eBay or Poshmark look cheap by . I find that I can send less-than-perfect items to a consignment sale that wouldnt be accepted in a consignment shop. | qazwilson, How Can I Sell My Homemade Stuff? Jewelry stores and antique shops both may purchase your estate and vintage jewelry either for a flat rate or on a consignment agreement. 2818 Commerce Drive Carousell is a platform that allows users to sell electronics, fashion, and even properties! The clothing resale platform Poshmark takes just 20% of every sale or $2.95 for any sale under $15. I say this very lightly; but technically, its 50% of what theyd sell it for. 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. Fun, fun, fun ! Consignment shops are locally owned businesses with a mom-and-pop feel. Salaries, reviews, and more - all posted by employees working at Stuff Etc. So as you see, there seems to be plenty of opportunities to score an even BETTER deal with Stuff Etc. Our customers and consignors were asking for more than children's merchandise, so we decided to branch out and make our store a department store. Terms of Use and Privacy Policy, about Coronavirus and Working from Home: Small Business Tips On How to Survive the COVID-19 Pandemic, The Ultimate Consignment & Thrift Store Guide, The Trading Assistants Assistant: How to start a part-time job or full-time consignment drop-off business on eBay, Cash In The Closet! If you can get 70% to the artist, 30% to the shop, that split is also sometimes done. Email address. Craigslist is creepy, so I dont sell on that site.
Dj Dr Rock Death, What Happened To Tekashi69 2022, Republic Airways Covid Policy, Articles S