As a warning, though, this type of second-hand selling can also flop if you dont do any research. Our years of experience have given us a great idea of what sells, and what doesn't. Please use this reference guide when preparing your consignment items for drop-off or pick up. It certainly didn't start that way, nor was it ever conceived that it would grow so dramatically. Items sold for less than $1000.00: 50/50 split of the final sale price. Continue to 9 of 10 below. Household items must be clean and in working order. I assumed that all shops gathered their inventory by buying goods from people directly, or from donations. Theres an incredibly large inventory. Consignment sales are a trade agreement in which one party (the consignor) provides goods to another party (the consignee) to sell. This fee can go as high as 50%. You can find all the latest home dcor and furniture styles plus dress the entire family in the brands you love. Think you could answer our 5 most commonly asked questions? 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. 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. Valuing your goods at what you feel they're worth can help you to maintain a low-cost percentage. Consignment shops are for-profit businesses which specialize in reselling items. It started out by cleaning out my basement and selling through resale sites on line. SENIOR DAY:Every Wednesday in our store is Senior Day! Stop by a Stuff Etc store todayand see how we fit your style. Check our consigning calendar to see when your items are accepted. I regularly donate my baby clothes to local shelters (obviously, not a second-hand shop, but a non-profit). Similar to Platos Closet, Buffalo Exchange is a clothing consignment brand with locations throughout the United States. Now that you know please share the knowledge next time someone asks you! I take childrens stuff to the consignment shop down the street 2 to 3 times a year though. The company bills itself as The Selling App, a place for users to list items for sale that they no longer want or use. With classifieds (person-to-person sales), you can save that money, but now you are the one connecting with potential buyers, negotiating prices and handling the transaction. | qazwilson, How Can I Sell My Homemade Stuff? Then, once you start consigning, we'll keep . We can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! 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. It was very informative. After this time, if a sale is not made, the goods are returned to their owner. There are a few different ways that businesses can use a consignment percentage calculator. Get monthly news, updates and promotions from our Stuff Etc locations. But its true! Get the clutter out of our house and get the stuff we need for the kids in exchange. Thrift shops are non-profit organizations that sell items they receive via donation. Revenue is usually split 60 percent to the store and 40 percent to you, although everything is negotiable. The most popular online social media networking site includes several ways to buy and sell items on Facebook. If your product is a "hot" item or helps drive extra traffic to that retailer, you can . Good post! Our website also has a coupon or two on it each month PLUS we provide discounts when you use your Stuff Etc recyclable shopping bag. My motto is you know what you might find, and people love that. 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. Nd I will see items from Target donating to Goodwill look at Targets price which will still be on the items nd when Goodwill prices its many a few dollars difference These Stores Suck They are for the needy to be able to afford things that they cant normally buy in a Macys or whatever .!!! One of these days I will do it and might even blog about it, lol! Located at 2818 Commerce Drive, Stuff Etc Coralville is your one-stop destination for all your consignment needs. Common Consignment Percentages. 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! Consignment Hours: Tuesday - Saturday 10am - 5pm. Any final sale on items from $31 to $60 means a $30 commission for the company. 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 ? I always felt like it was safe meeting people in a public place with buyers and sellers from Facebook . Some shops offer you higher percentages if you take in-store credit instead of cash. Shop all day long with your black bag and save 20% on all full priced items that fit inside the bag, Thursdays:Additional 10% off all clearance items that fit in the bag. 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. . The selling sites on Facebook are worth selling childrens items or what else you want to sell on there to get some extra cash. ThredUp is a leading online consignment store for womens and childrens clothing. The percentage of the sale that consignment shops vary depending on a wide variety of factors, such as the item, season, and overall sale trends. 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! Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM. Courtney, Consignment shops are locally owned businesses with a mom-and-pop feel. Ill have to resist the temptation to look through that whole bicycle catalog. YES, truly this is the most commonly asked question at Stuff Etc! It involves jewelry, ripped-off cell phones and wrought-iron bars. In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. 50% to the retailer. 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. I ALSO tell them, IF there is NO INTEREST. Keep this in mind when pricing your menu items. She in turn earns her 50% of the retail sales price when an item is sold in her shop. 1. Ive had many items sell in 3 minutes or lessits like a virtual yard sale. Consignment selling may or may not be attractive to you. Totally worth it! In 2010, we sold our very first franchise in Waterloo and opened our second franchise in Davenport in 2011. Keep in mind, however, that you tie up your funds waiting for merchandise to be sold. The resale store full of donated goods down your street might not be labeled a thrift shop. I was completely oblivious to consignments. 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! Remember that they may charge a buyer's premium of up . ThredUp will then send you a Paypal payment for the items you sent. 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. This is a great option if you want immediate, same-day results and never worry about your crap again. Ive been using Craigslist and Amazon.com for secondhand sales. 906 E 1st Street. Their website says that theyll pay you 20-40% of what they are selling it for (which is low to begin with) but I sent in a bag with 80 items in it and they only accepted 8 of them and paid me 10% of what they resold the items for. It depends on your situation. Thank you for your comment! (Some places do charge a small activation or consignment fee.). I accept designer clothing from Old Navy type of brands. Craigslist is beloved, because its a completely free marketplace for selling your stuff. Do I think youre getting the best for your money? Consignment shops are for-profit businesses that specialize in reselling items. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. THEY ARE AMAZING! After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. Determine your stock agreement by discussing how many you're trying to sell per design and at what price. You then collect a percentage of sales once per month. 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. We used Its Deductible (by Quicken/Turbo Tax) to track and value our donations. We can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! Your search may yield consignment shops that are exclusive to your city, but you may also find national consignment shops near you. Its mind blowing. With some apprehension, we rented an 8,000 square foot space in Coralville. . Recently though, FaceBook buy, sell, swap, yard sale pages have popped up. Stuff Etc Profile and History. When you visit the store, the items will have an identification code on the tag to identify which account gets credit for the sale. Especially Savers. Many consignment shops offer store credit at a higher percentage than if you accept cash. TheRealReal is another online consignment shop, but this one specializes only in high-end and luxury fashion and takes a 30-50% commission. 3. The week before the sale, youll prepare your items with tags specific to your sale (most sales have a website with full information). There are likely luxury consignment shops near you as well. Accepts some online sales and drop-offs. Once you accept the offer, the dealer will handle all the financing and paperwork to transfer the RV title for you. Get the latest gold prices and learn about selling your precious metals in todays record-high market, or you can check out reviews of top online jewelry buyers, including CashforGoldUSA and DiamondsUSA, both of which pay out within 24 hours and have a A+ Better Business Bureau ratings. I only payout in cash. It looks as though the market is pretty saturated? If the item is less valuable or a consignment shop has already turned you down, then a thrift shop will likely be willing to accept it as a donation, which will be better than the item ending up in a landfill. I personally assume that the margins in astronomy products are pretty high as it is a niche market. 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). Household items must be clean and in working order. Poshmark is an app, but you can also use the desktop version to browse through items like clothing, shoes, bags, jewelry, and other accessories. You and the shop owner work out a deal for a percentage of the sales - generally a 70/30 or a 60/40 split with the . However, I think the pawn shop description is wrong. Then, once you start consigning, well keep track of all of your sales for that store in your online account. 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. Here's a list of what to cover: Inventory. I have found Facebook Yardsale sights to be the very best for selling stuff. Many of the most popular consignment shops specialize in reselling fashion, such as clothing, shoes, jewelry, and more. 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. While payouts vary based on the brand, quality, and type of item, Kiplinger reports that upholstered and leather furniture sells best at consignment shops. Poshmark is an online consignment shop, similar in many ways to ThredUp and Mercari. Just drop it off and get something for it.What is the name of the place you go to? At the end, they offer a quote for the cluster of items theyre interested in. I have used eBay for years more as a buyer than a seller but for confident buying/selling online you cant beat it. 2818 Commerce Drive Mercari is an online consignment shop where you can sell various things - from unwanted clothes to electric guitars. 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. The tax form for non-cash charity is 8283 http://www.irs.gov/pub/irs-pdf/f8283.pdf (instructions here: http://www.irs.gov/pub/irs-pdf/i8283.pdf). How pawnbrokers work and where to find a local pawn shop. Make sure your items are clean, in working order and all pieces are included. Bonanza is a website that allows you to list your household items for a fee. 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? Bring them to us!! 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. Do I know anyone whos successfully used this platform. Limit on number of items consignment shop accepts, Your item is high quality and in good condition, It is an item that is in-demand in terms of the style and brand, You have the time and skill to market the item either through a website like eBay, or a consignment shop near you, You are patient and do not need the money right away, You are not emotionally or financially entangled with the item and are willing to accept the item will not sell for the price you expect or at all. If you can get 70% to the artist, 30% to the shop, that split is also sometimes done. I would have gladly donated them to a family in need instead of lining the pockets of a scammy corporation. 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. Carousell is a platform that allows users to sell electronics, fashion, and even properties! Join us April 15 & 16 for ou twitter.com/i/web/status/1, Stuff Etc WATERLOO now carries bed in box mattresses! Is it in style? ThredUp is an online consignment and thrift shop that features women's, kids', and maternity clothing along with shoes, handbags and accessories. All items include a $3.50 listing fee. How can you make the most of your Stuff Etc consignment relationship? At Stuff Etc we have all your favorite brand names at a fraction of the price! The Best Online Consignment Shops. 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). There are actually several nationwide chains that resell goods under pawn-shop policies, like Half Price Books and Platos Closet. 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. Answer: Stuff Etc is seasonal and to stay competitive with all other retailers we take what you see at your mall. Make EVERYONE feel special and welcome. I have a very stereotypical picture of pawn shops. You might also consider donating your old appliances to a charity or local thrift store if you are unable to sell them. For the longest time, I misunderstood the world of second-hand shops. In its 2022 Luxury Consignment Report, TheRealReal reports that these brands consistently appear in top 10 lists across all seller demographics: Reselling designer luxury and high-end handbags from brands like Louis Vuitton, Chanel, Coach, Hermes and Dior? What percentage do most consignment shops take? 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. See what employees say it's like to work at Stuff Etc. A 20% gross profit for a retailer would be reduced to probably less than a 5% net profit. Draw up a contract outlining the terms . We downsized to a smaller apartment last year and our stuff has been piling up with no where to go. Stuff Etc is dedicated to providingconsignorsthe best return on their merchandise, while providing buyers with quality, low cost shopping. Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. Its important to point out that some second-hand shops operate solely based on donations. Depending on the type of items being sold and the consignment outlet selling, a 40:60 split in favour of the consignment shop or an even 50:50 split are also typical consignment percentage figures. Some items aren't a good fit for consignment. Hopefully these tidbits will help you decide which second-hand marketplace is the best option for you. As long as the item is in excellent condition, I will sell it. That is, the retail shop owner will typically pay you 50% of the suggested retail sales price up front. Salaries, reviews, and more - all posted by employees working at Stuff Etc. Have you gotten your Early Bird Ticket yet? They are intense, because hundreds of people will be thumbing through the items throughout the weekend. Craigslist is creepy, so I dont sell on that site. You can be fashionable on a budget! Poshmark. . 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. If the merchandise sells, the store owner pays you less the agreed percentage and other costs. When we moved from Arkansas to Texas, we left the baby bed my son had outgrown with a consignment shop. (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! 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. 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.

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