stuff etc consignment percentage stuff etc consignment percentage

Thrift shops are non-profit organizations that sell items they receive via donation. 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. This is where you have to look at your priorities for time and money. They buy gently used clothes and accessories for teens and young men and women. One last tip. After this time, if a sale is not made, the goods are returned to their owner. My personal favorite is thrifting. I blog about all the amazing stuff I find to show people how amazing thrift stores can be! Get monthly news, updates and promotions from our Stuff Etc locations. Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. Consignment shops are locally owned businesses with a mom-and-pop feel. 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. You might also consider donating your old appliances to a charity or local thrift store if you are unable to sell them. Ive even heard customers ask other customers where our bathrooms are. When we moved from Arkansas to Texas, we left the baby bed my son had outgrown with a consignment shop. The payouts decline from there, with rates dipping to as low as 40% for any item less than $145. A 20% gross profit for a retailer would be reduced to probably less than a 5% net profit. Your item will have a harder time standing out, but there are literally hundreds of shoppers ready to load up their cars. As long as the item is in excellent condition, I will sell it. When you're ready to start consigning with Stuff, you'll need to visit one of our stores in person to complete a consignor application to get approved and have your online account created. They are intense, because hundreds of people will be thumbing through the items throughout the weekend. Based on the 75% consignment, your proceeds are $112.50 . Ive never seen so many play mats, strollers or onesies in one place! Always list for a little more than you want to sell for in places like Craigsppl want to bargain that way you both walk away feeling better abt the deal. Bonanza also has a nice feature that allows you to send the items you plan to sell to Google shopping. This can be a great way to get the most for your money at your easiest convenience! Thank you It is common for clothing consignment shops to pay modest up-front fees for quality items in good condition. They find stores like boring. If your product is a "hot" item or helps drive extra traffic to that retailer, you can . The jack up the prices way too high, instead of lowing prices, they smash, crush, and trash it. Now that you know please share the knowledge next time someone asks you! The Salvation Army publishes a value guide: http://satruck.org/donation-value-guide. If I gave them a check or used paypal, that wouldnt happen. Some states exempt charities, others tax all resale operations. 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. Jewelry stores and antique shops both may purchase your estate and vintage jewelry either for a flat rate or on a consignment agreement. I usually bring stuff to my moms house and we have a joint yard sale but were still weeks away from warmer weather. 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 youre ready for something new. In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. Ive been using Craigslist and Amazon.com for secondhand sales. Were celebrating our anniversary this month. Price their donated items?? The clothing resale platform Poshmark takes just 20% of every sale or $2.95 for any sale under $15. Consignment stores pay . With some apprehension, we rented an 8,000 square foot space in Coralville. After a year there, we decided to build a new building on Keokuk St. There is no appointment needed and you can bring in as much as you want any day of the week! On a $100 sale with a 40% consignor share, the payout should be $40, so 40/100 = .4 or 40%. My motto is you know what you might find, and people love that. Iowa City, Coralville, Cedar Rapids, Waterloo, Davenport, Ankeny, The shop offers a consignment percentage of 75% for designer items. 23 Stuff Etc reviews. 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. 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. for these links. Ive found these types of shops to be inconsistent in how much they pay you. We sold a few childrens dresses at a thrift shop. 50% to the retailer. Ive found a system that makes this a no-brainer for me. For example, if one item sells for up to $30, Everything But the House earns 100 percent in commission. While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. All items include a $3.50 listing fee. Just like every other retail transaction, consignment shops are also going online. I was completely oblivious to consignments. So, if a pair of Childrens Place pants in their store resells for $7.50, youd earn $3.75 up front. Thank you! Craigslist is beloved, because its a completely free marketplace for selling your stuff. Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office Stop by a Stuff Etc store today and see how we . Once the salesman has a confirmed offer on your RV, they'll call and see if you accept. Thats a great look at consignment stores. Seems so wrong. They are the biggest rip off Ive ever seen. We are now accepting your summer items! Mercari is an online consignment shop where you can sell various things - from unwanted clothes to electric guitars. Bring them to us!! This definition encompasses both thrift stores and consignment shops, which are very different types of business. Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). More about Emma's credentials. 906 E 1st Street. 40/60 or 50/50 split is also appropriate, depending on the products you're selling and the type of consignment shop you're selling through. Read on for #1!! Ask around or check your local Yelp and Google listings. Pays cash. Join us April 15 & 16 for ou twitter.com/i/web/status/1, Stuff Etc WATERLOO now carries bed in box mattresses! 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. I hadnt really thought of Half Price Books or Once Upon a Child as pawn shops either but they definitely fit the mold, lol. Make sure your items are clean, in working order and all pieces are included. A 20% gross profit sounds very high to anyone not operating a business. Demand for your item. Required fields are marked *, Notify me of followup comments via e-mail. In a wholesale arrangement, all of your expenses and profit have to come out of 50% of the retail sales price. I take children's stuff to the consignment shop down the street 2 to 3 times a year though. For clothing, you need to have high-end brands. Hi Janine, In my experience the most common jewelry consignment split is 60% to the artist, 40% to the shop. Hello, thank you for this article. I sell my gently used or new clothes at Hut 8 in They except more of my clothes than platos closet. I avoid consignment shops as a seller, but love them as a buyer! 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. 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. Some items aren't a good fit for consignment. The answer to the question of how much cash you can make from consignment shops depends on: First, you can use our tool below to help you find a consignment store near you. Stuff Etc is dedicated to providingconsignorsthe best return on their merchandise, while providing buyers with quality, low cost shopping. And we are going to start it today NOT February 1st! 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. Some even let you sell your clothing back to the store in exchange for cash or store credit. She doesnt charge a percentage, but people always give her one out of courtesy for hosting. However, in general, most consignment stores have fairly slim profit margins - often around 10-20% . Consignment sales have the opposite problem of consignment shops. Today I just put the right words in the search engine. They have yard sale sunday and you can post stuff for sale on Sundays only. 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 .!!! 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. Similar to pawnbrokers or pawn shops, consignment shops sell secondhand items on behalf of the original owner, who receives a percentage of the selling price. Ill have to resist the temptation to look through that whole bicycle catalog. Monday Thursday Stuff Black Bag Savings! Corporate Office Poshmark reviews 2023: Is selling on Poshmark worth it? I also post a lot of stuff for sale on a local moms yahoo group. So the coin hammers for $100, Heritage collects $115 and pays the consignor $90. The consignee often takes a commission or fee and then the remainder of the sale price is paid to the consignor. Poshmark pays 20% commission. Not sure what else you can sell? All the risk falls on the store. Now it's time to figure out the details. be sure to split the load so that you are under $5000 per organization per dayotherwise you will absoultely need an appraisal of your stuff and will NOT be allowed to file your taxes electronically. This increased our space to 3000 square foot (as seen here). (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! 2818 Commerce Drive The week before the sale, youll prepare your items with tags specific to your sale (most sales have a website with full information). A few weeks later, the shop owner calls to let you know that they were able to sell the bag for $150. She in turn earns her 50% of the retail sales price when an item is sold in her shop. 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. Make money/save money with consignment. It beats selling them at a yard sell or an reselling kids consignment store. By comparison I cleaned out my closets and have already made $200 with far fewer items from Facebookseriously check it out! I always felt like it was safe meeting people in a public place with buyers and sellers from Facebook . It might be a fairly inexpensive way to learn how or if a new product will sell. Click on the following links based on the store your account is located. I have a very stereotypical picture of pawn shops. Consignment selling may or may not be attractive to you. The 'percentage' is calculated by dividing the payout by the amount of the sale. Crossroads Trading is a newer clothing assignment option that give you the option to sell directly to a physical location, get store credit for Crossroads Trading purchases, drop off or send in your item. Answer: Stuff Etc is seasonal and to stay competitive with all other retailers we take what you see at your mall. Stuff Etc Profile and History. How it works for the seller (or in this case, donater). October 15, 2011 5:50AM. They may never sell the clothes, but it doesnt affect your payout. You might use consignment selling for market testing. You can be fashionable on a budget! I havent received the greatest price for my items, but thats made up for with how little effort I can put in. Valuing your goods at what you feel they're worth can help you to maintain a low-cost percentage. Do I know anyone whos successfully used this platform. 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 your item sells, you receive a portion of the selling price, usually 40 to 60 percent (I receive 60). Thank you! so I have been abit intimidated to take my old clothes in there. Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office 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. They should sell items as if it were a garage sale a couple bucks- a few cents!!!! I give the consignors cash and 99 percent of the time they take the money and buy something in the store with it. 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! Im in the process of starting my own online consignment store. In 2010, we sold our very first franchise in Waterloo and opened our second franchise in Davenport in 2011. From there, different percentages are determined by what your items . Looking for something new to do? handbags, furniture, etc.) In fact, handbags are the most in-demand items on the Tradesy site. The price you charge the consignor should be enough to cover your fees and still provide enough profit for you to be worth your time. People post a picture and price of their item, people comment interested or Next (for next in line) if they would like to purchase. Theres an incredibly large inventory. 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. The most popular online social media networking site includes several ways to buy and sell items on Facebook. ThredUp is an online consignment and thrift shop that features women's, kids', and maternity clothing along with shoes, handbags and accessories. This increased our space to 3000 square foot (as seen here). 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. I had an experience with a consignment shop that was not a good one. 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. 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? And YOU get stuck, STORING. Instead, Im happy to give it to a needy family! Any profit made from these sales is used to fund operations of the charity, and also to support the general mission of the underlying charity. Sellers use the platform to list items for sale, which buyers then browse. Find your style at Stuff Etc Coralville! 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. According to the site, there are more than 100 million items for sale on the platform, which consists of more than 60 million community members. This definition encompasses both thrift stores and consignment shops, which are very different types of business. ThredUP accepts women's clothing, purses, shoes, accessories, and maternity wear. Auctions are hit and miss. Its an awesome set up. Can the consignment shop resell it quickly, for a high price? The Ankeny Stuff Etc is located west of I-35 on the north side of E 1st St, right off Northeast Hayes Drive. The shop can take anywhere from 30% to 60% of the profits, so make sure you negotiate! Apply today! Please note that individual stores may vary at the managers discretion and this is not intended as a comprehensive list. 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). I found this entire article to be full of misinformation. I got a total of $3.55 for my bag. I have used eBay for years more as a buyer than a seller but for confident buying/selling online you cant beat it. (Some places do charge a small activation or consignment fee.). This is a great option if you want immediate, same-day results and never worry about your crap again. Each Stuff Etc store takes the last 2 years style of clothing and accessories. Please use this reference guide when preparing your consignment items for drop-off or pick up. In other words, the supplier entrusts . If you are going to open a consignment store, do NOT limit the type of consignment accepted. Thank you so much Courtney Baker for this VERY useful article, and thank you klp. We can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! In 2003 we decided to venture into the Cedar Rapids market. First, users can list their items on Facebook Marketplace.