Consignment Sales - Understanding the Consignment Sales Process Have you had any success with consignment shops? Make EVERYONE feel special and welcome. You bring your item into the store to be sold during a certain period of time. 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. Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office 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. I have used eBay for years more as a buyer than a seller but for confident buying/selling online you cant beat it. YES, truly this is the most commonly asked question at Stuff Etc! And we are going to start it today NOT February 1st! I know! The standard rate for a first-time consignor with a small consignment (minimum $5000) is a 10% seller's fee and 15% buyer's premium. Sale Price x Consignment Percentage = Consignor Proceeds. If your item doesnt sell within that period, some shops will discount the item (by say, 30%), or you will need to pick it up. In 2003 we decided to venture into the Cedar Rapids market. How to Make Money Selling Kids' Items at Consignment Sales People love to talk about themselves.so listen to them. For example, if you bought a $20 toy for your child, then it should be priced at $6 to $10 . 30-item limit. Have you gotten your Early Bird Ticket yet? I personally prefer a consignment sale over a consignment shop, because I get immediate results. The owner keeps ownership of his item until it sells, if it sells. Shop Stuff Etc Coralville - shopstuffetc . I sell my gently used or new clothes at Hut 8 in They except more of my clothes than platos closet. In 2000, we decided to add a second location. they are usually local, a little less creepy than craigslist cuz you can look at the other persons profile and no percentage or shipping costs! This is the route that allows me to get the most money out of my used crap, most efficiently. And Half-Price Books doesnt market itself as a pawn shop. Check our consigning calendar to see when your items are accepted. We dealt only with children's merchandise and country crafts. You can also choose to get paid on consignment for a higher percentage (up to 70%, vs 30% if you choose cash) in the event your item sells. Furniture accepted everyday of the week during store hours with no appointment needed. Other consignment shops can operate in a variety of niches, such as furniture or home furnishings. I say this very lightly; but technically, its 50% of what theyd sell it for. so I have been abit intimidated to take my old clothes in there. Don't underestimate the importance of the service you provide . However, I think the pawn shop description is wrong. Household items must be clean and in working order. If you've got a valuable piece of furniture, going through a consignment shop means you'll reach buyers looking for well-designed and made furniture and willing to pay for it. How to get rid of junk: 24+ free and cheap junk removal options. I lucked out because I found a woman who had recently lost weight and was using ThredUP to get rid of her old clothing and they were exactly the size I needed. Selling for others on commission - Help - The eBay Community Find your style at Stuff Etc Coralville! Jewelry Consignment Percentage by: Rena. Simply provide your zip code, and it will yield Google results for consignment shops in your area. 21 apps for selling stuff online or "near me" in 2023. . I wonder if those who donate to this store realize if items dont sell within a month, they get trashed. There is no appointment needed and you can bring in as much as you want any day of the week! It's a win win when you shop resale! You might use consignment selling for market testing. It started out by cleaning out my basement and selling through resale sites on line. Search for a Buffalo Exchange in your city. I always felt like it was safe meeting people in a public place with buyers and sellers from Facebook . What Should I Do If a Domain Name Is Already Taken? Accepts some online sales and drop-offs. Consignment shops are for-profit businesses which specialize in reselling items. You have to pay $4.95 to get a big bag to put the clothes in (which covers the shipping costs for the bag) and then fill it up. that have already been owned and used. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. I own a consignment shop that sells everything and everything. Based on the 75% consignment, your proceeds are $112.50 . Think you could answer our 5 most commonly asked questions? I have donated to all them for years nd when I go into the store to look around I will see an item that I have donated nd the price is extremely high .. Why ? Stuff Etc takes 1 tote of your gently used items Monday thru Saturday (and 5 larger items that will not fit in our totes). The jack up the prices way too high, instead of lowing prices, they smash, crush, and trash it. Poshmark is an app, but you can also use the desktop version to browse through items like clothing, shoes, bags, jewelry, and other accessories. In general, stores split the sales anywhere from 50/50 to 40/60 or . Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Were celebrating our anniversary this month. Consign early to get the highest return on your items. To get started with consignment you can read the resources we have online, then find the Stuff Etc store nearest you. If I gave them a check or used paypal, that wouldnt happen. 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). Corporate Office etc. Consignment shops are typically retail stores that specialize in a particular type of consumer product. 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. I had done it under what I think was their earlier system you ship a box directly to someone and it was a huge loss for me. Required fields are marked *, Notify me of followup comments via e-mail. Ive learned how to quickly write ads, to know which marketplaces to sell different items in, and how to handle interested buyers. The Man Vs. Debt Kickstart Your Money Free Resource Kit, Unautomate Your Finances: A Simple, Passionate Approach to Money, How Can I Sell My Homemade Stuff? 2818 Commerce Dr, Coralville, Iowa, 52241, United States. I think that consignment event is well worth it because I made over $200 selling all of my kids gently used items theyve out grown and dont use anymore. 2818 Commerce Drive You receive $10. Ive never seen so many play mats, strollers or onesies in one place! They are definitely easy, especially if you have designer clothing. Some of the items that they didnt accept had never even been worn but they said they were dirty or had too much wear. 2818 Commerce Drive Craigslist is creepy, so I dont sell on that site. Ive read a couple articles recently about bedbug infestations and the hazards of Craigslist or second-hand purchases. Plus, I love the frenzy, which would be an absolute con for several of my girlfriends! Not sure what else you can sell? Staying on top of your Stuff Etc consignment account is easy check your account status online anytime. 2. As a warning, though, this type of second-hand selling can also flop if you dont do any research. There are likely luxury consignment shops near you as well. Classified ads are the alternative to the standard second-hand shop. Consignment means that a store owner will take your product and instead of buying it, they will pay you for the product when they sell it. 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. 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. After all, if they cant resell it, they cant make a profit! They know that as soon as they get tired of a quality item they can bring it to Stuff Etc for consignment and shop for replacements using the credit theyve built up from past sales. This means that both thrift stores and consignment stores can be considered second-hand stores, even though they are built upon very different business models. Revenue is usually split 60 percent to the store and 40 percent to you, although everything is negotiable. Its easier for us to help you BEFORE you leave the building. Thank you I never thought of resale clothing stores as pawn shops, but technically, they are. My family is big on yard sales. Looking for something new to do? With some apprehension, we rented an 8,000 square foot space in Coralville. In other words, the supplier entrusts . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Privacy Policy & Terms | This is per item and paid to me, by seller. The 'percentage' is calculated by dividing the payout by the amount of the sale. I might be missing out on a couple of bucks from that item, but Im avoiding the hassle of selling it while also helping a good cause. Located at 2818 Commerce Drive, Stuff Etc Coralville is your one-stop destination for all your consignment needs. You may decide to visit a few consignment stores near you to see if you can make more money. Specialties: Stuff Etc is a consignment service operation that is dedicated to providing consignors the best return on their merchandise, while providing buyers with quality, low cost shopping. Local and online consignment stores may resell your wedding gown including ThredUp, Nearly Newlywed, Borrowing Magnolia, Once Wed, and PreownedWeddingDresses.com. 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. The most popular online social media networking site includes several ways to buy and sell items on Facebook. In fact, handbags are the most in-demand items on the Tradesy site. Each Stuff Etc location reserves the right to return or recycle potential consignments: including clothing not in current fashion or in poor condition (fashion more than 2 years old; clothing with tears, missing buttons, stains, etc.). ThredUP accepts women's clothing, purses, shoes, accessories, and maternity wear. Pricing Baked Goods: How to Figure Out Pricing For Your Bakery Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. I avoid consignment shops as a seller, but love them as a buyer! It is common for clothing consignment shops to pay modest up-front fees for quality items in good condition. Consignment is NOT your regular retail job! Online reputation can be a good indicator of what to expect at that consignment shop. I have a very stereotypical picture of pawn shops. You're providing a valuable service. A LOT of 'Consignors will bring you 'stuff' THEY tried to sell already. I regularly donate my baby clothes to local shelters (obviously, not a second-hand shop, but a non-profit). 2818 Commerce Drive Good post! The Salvation Army publishes a value guide: http://satruck.org/donation-value-guide. I cant understand this insanity. The Coralville store alone will reach $3 million in sales this year, hitting its biggest month - $300,000 - in August. Owned by parent company Platos Closet, Once Upon a Child is a great place to sell your gently used childrens clothes, especially name-brand items. Id love to find a place like this. While payouts vary based on the brand, quality, and type of item, Kiplinger reports that upholstered and leather furniture sells best at consignment shops. We have eight Stuff Etc locations! If the second-hand store is a for-profit business, then they are likely a consignment shop; if they are a charity-run non-profit, then they are likely a thrift store. 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. I got a total of $3.55 for my bag. These thrift shops frequently work as non-profit organizations, but not always. They are the biggest rip off Ive ever seen. We are now accepting your summer items! A few reasons why consigning could be a good idea for you: Reach a larger audience of potential buyers willing to pay. All the risk falls on the store. Tradesy is a peer-to-peer marketplace where you can sell your second-hand luxury designer or high street handbags. Working at Stuff Etc | Glassdoor We started out in 1985 with the name of Kids Stuff and Kountry Kreations. From there, different percentages are determined by what your items . The costs and procedures drastically vary from platform to platform. I finally just got frustrated and started packing stuff up to donate. Bonanza is a website that allows you to list your household items for a fee. 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. Poshmark pays 20% commission. That's an extraordinarily high commission rate that makes selling on eBay or Poshmark look cheap by . You might also consider donating your old appliances to a charity or local thrift store if you are unable to sell them. Youll need antique furniture or nearly new high-end pieces. Craigslist is beloved, because its a completely free marketplace for selling your stuff. Poshmark. All items include a $3.50 listing fee. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. Some shops offer you higher percentages if you take in-store credit instead of cash. 2818 Commerce Drive Selling Your RV? Here's What RV Consignment Really Means In 2003 we decided to venture into the Cedar Rapids market. You drop of your donations at the store (although some offer a pickup service), and theyll give you a tax-deductible receipt based on the estimated value of your items. Once you accept the offer, the dealer will handle all the financing and paperwork to transfer the RV title for you. Create your store. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. Once they accept, you drop off your items at the consignment store, receive a receipt, and then leave. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved, Determine the location of your Stuff Etc consignor account, Be sure your email address is on your Stuff Etc account. Consignment goods are typically sold through consignment stores, which receive a percentage of the sale revenue (sometimes a very high percentage) as a commission. Jewelry stores and antique shops both may purchase your estate and vintage jewelry either for a flat rate or on a consignment agreement. 1. In any case there will be a margin on the product. eBay Consignment Fees. Get the clutter out of our house and get the stuff we need for the kids in exchange. The Beginner's Guide to Consignment Stores, Thrift Shops and More Pays cash. Monday Saturday10am 7pm I sell a lot of my stuff to secondhand young adult stores. What Is A Typical Consignment Fee? - FAQS Clear It's good to set a minimum price that you will not go below. That is, the retail shop owner will typically pay you 50% of the suggested retail sales price up front. 386 were here. Have had success with both. Iowa City, Coralville, Cedar Rapids, Waterloo, Davenport, Ankeny, is our area's consignment super store where you can count on brand names at re-sale prices! Consignment is a business model in which a reseller (consignee) agrees to pay its supplier (consignor) for merchandise after it has been sold. Occasionally, I take womens clothes to consignment, but it generally only yields $30-$40, its hardly worth it. 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. We have current openings on our sales floor, processing and pricing areas. Anyone 55 or older can save 10% on all full priced items every Wednesday at Stuff Etc. Mary Sundblad started Stuff Etc in 1985 in a . I do think theyre better than consignment shops. 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. Do I know anyone whos successfully used this platform. Decide how much you want to charge your consignors for selling their items. They find stores like boring. It takes quite a while to see results from many of these shops, so its not a great idea if you need cash pronto. Is it better for you to just be done with it? How Much Should I Pay Retailers for Selling My Product? Courtney, Where do you sell your stuff second-hand? Consignment shops typically take a 40% commission, which is considered a 60/40 split. Demand for your item. Best Online Consignment Shops.

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