stuff etc consignment percentage

(Some places do charge a small activation or consignment fee.). Required fields are marked *, Notify me of followup comments via e-mail. A LOT of 'Consignors will bring you 'stuff' THEY tried to sell already. The store only accepted garments made within the last three years. You can find all the latest home dcor and furniture styles plus dress the entire family in the brands you love. 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. If you agree, then theyll pay you from the cash register. YES, truly this is the most commonly asked question at Stuff Etc! 2818 Commerce Drive Theyll show up soon. 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. | qazwilson, How Can I Sell My Homemade Stuff? Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). Consignment shops pay one of two ways: flat rate upfront or percentage of the sale price of your item if and when it is sold. Bonanza is a website that allows you to list your household items for a fee. This is where you have to look at your priorities for time and money. If I gave them a check or used paypal, that wouldnt happen. Valuing your goods at what you feel they're worth can help you to maintain a low-cost percentage. The 'percentage' is calculated by dividing the payout by the amount of the 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. I give the consignors cash and 99 percent of the time they take the money and buy something in the store with it. I personally assume that the margins in astronomy products are pretty high as it is a niche market. All the risk falls on the store. You bring in your tubs of clothes for the shopkeeper to evaluate. The items no longer belong to you. 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. Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. Stuff Etc has an overall rating of 2.6 out of 5, based on over 25 reviews left anonymously by employees. I'm just posting to clarify for other readers, not just 'picking'. 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 . Quality Furnishings and Housewares. Suppose you take a designer purse to a local consignment shop. These posts can help you understand what you own and how much it is worth: Learn about the top online jewelry auction sites. . You're providing a valuable service. Don't undersell yourself or . However, the consignee has the right to return unsold goods back to the consigner. Like ThredUp and Poshmark, Mercari is an online consignment shop. Tradesy. Newspaper spaces can cost $15 or more for an ad, while the online marketplaces can cost $1. eBay Consignment Fees. Ive found a system that makes this a no-brainer for me. Any final sale on items from $31 to $60 means a $30 commission for the company. Something is very suspicious with their operation. The pay isnt horrible (around 30% of what they sell it for). And we are going to start it today NOT February 1st! . Here's a list of what to cover: Inventory. Storage. Thanks for Being Part of the Man Vs. Debt Community! The jack up the prices way too high, instead of lowing prices, they smash, crush, and trash it. Don't underestimate the importance of the service you provide . A few reasons why consigning could be a good idea for you: Reach a larger audience of potential buyers willing to pay. The consignment store pays you a percentage of the sale price of your item if and when it is sold. I take childrens stuff to the consignment shop down the street 2 to 3 times a year though. 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! 2818 Commerce Drive Theres an incredibly large inventory. Simply provide your zip code, and it will yield Google results for consignment shops in your area. Monday - Saturday 10am -7pm. No, not really. Consign early to get the highest return on your items. Instead, Im happy to give it to a needy family! Due to this, consignment shops will typically carry higher quality or nicer items than thrift shops will. However, I think the pawn shop description is wrong. Learn more in our post all about what to do with your used wedding dress. It depends on your situation. If you have an item such as old clothing that you no longer want, but dont want to sell, either a thrift shop or consignment shop can be a good option. Your email address will not be published. We never heard from them again. If 1 tote just isnt enough then we do have the option for an appointment, which allows you to drop off 2 totes. is dedicated to providing consignors a stress-free process while giving the best . Demand for your item. 1. Answer: Yes, we do! She doesnt charge a percentage, but people always give her one out of courtesy for hosting. Listings can be easily shared on social media - and the app allows you to track your sales. 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. So from March to June we are accepting summer merchandise. You feel good about yourself while increasing your tax deductions, and they place your items on their shelves. 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. They set their own terms for how their consignments work, so its important to research the store policies before committing. Were celebrating our anniversary this month. Items sold for less than $1000.00: 50/50 split of the final sale price. Our demand for these items is year round so consign often! 21 apps for selling stuff online or "near me" in 2023. . I own a consignment shop that sells everything and everything. It's a win win when you shop resale! 2818 Commerce Drive Apr 6, 2010. Stuff Etc is dedicated to providingconsignorsthe best return on their merchandise, while providing buyers with quality, low cost shopping. I take children's stuff to the consignment shop down the street 2 to 3 times a year though. 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. I find that I can send less-than-perfect items to a consignment sale that wouldnt be accepted in a consignment shop. 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 .!!! When you visit the store, the items will have an identification code on the tag to identify which account gets credit for the sale. 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. After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. I cant understand this insanity. 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. Corporate Office 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. Plus, I love the frenzy, which would be an absolute con for several of my girlfriends! I dont have to do anything, just bring it up there. They should sell items as if it were a garage sale a couple bucks- a few cents!!!! Staying on top of your Stuff Etc consignment account is easy check your account status online anytime. I actually loved ThredUPs old system. 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. The division may be less because other fees may have been applicable. 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. When the share is less than expected, just inquire as to why. I get all types of people from wealthy, middle class, to those less fortunate. Ive been on a donating kick myself. Oh, and Ive never heard of ThredUP, but thanks for the heads up. The Best Online Consignment Shops. The fee depends on distance, item, etc. If you believe that your item still has value and that someone would be willing to pay you for it, such as designer clothing or handbags, then your best bet will be to approach a consignment shop first. Iowa City, Coralville, Cedar Rapids, Waterloo, Davenport, Ankeny, 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. I think consignment shops are only worthwhile if you have quality goods to sell. I regularly donate my baby clothes to local shelters (obviously, not a second-hand shop, but a non-profit). Its a highly trafficked store, and very close to us. After this time, if a sale is not made, the goods are returned to their owner. Platos closet isnt considered a pawn shop but a resale shop. When the payouts from other second-hand shops would be tiny, I prefer to just donate those items. Check the search bar in FB with your neighborhood or city name followed by yardsale to join a group in your area! Your quote may be different on a Tuesday than on a Thursday for no real reason. Household items must be clean and in working order. How can find out what year/season the garment was made? We called the consignment shop a month after we moved and they told us they thought they would be selling it in the next day or two. 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. It turns out there are four types of second-hand shops consignment, pawn, classified and thrift. While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. Jewelry stores and antique shops both may purchase your estate and vintage jewelry either for a flat rate or on a consignment agreement. You might use consignment selling for market testing. This is the route that allows me to get the most money out of my used crap, most efficiently. 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. If this is more up your alley just give us a call to schedule an appointment. Make EVERYONE feel special and welcome. Several people put their items in the sale with their names marked. What percentage do most consignment shops take? Most everything I offer for sale moves quickly and for a good price. Read on for #1!! It really is that easy and if you are unsure of anything please ask a Receiving associate your question at the time of your drop off. Our shop in in the busiest plaza and usually has a line at the checkout. To get started,read our consignment guidelines, see whatwere accepting now, or drop off 1 tote without an appointment Tuesday Saturday. It's a highly trafficked store, and very close to us. A free inside look at company reviews and salaries posted anonymously by employees. They arent crazy about consignment shop that only sell high end clothing. The company will make an offer, and you can accept it or turn it down. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. All battery-operated items must have working batteries in them. Some shops offer you higher percentages if you take in-store credit instead of cash. Thank you for your comment! If you are starting your own thrift store do you have to collect and pay sales tax? See what employees say it's like to work at Stuff Etc. Staying on top of your Stuff Etc consignment account is easy - check your account status online anytime. Salaries, reviews, and more - all posted by employees working at Stuff Etc. Keep in mind, however, that you tie up your funds waiting for merchandise to be sold. The consignment shop pays you a flat rate, upfront. 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. They accept an item for consignment and then pay the original seller a percentage of the sales price if and when the item sells. So from March to June we are accepting summer merchandise. Overblown? Can the consignment shop resell it quickly, for a high price? I am cutting BACK on Consignment. In general, the going rate for eBay consignment is 20 to 40 percent of the end sale price. Stuff Etc. In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. Your search may yield consignment shops that are exclusive to your city, but you may also find national consignment shops near you. Anyone 55 or older can save 10% on all full priced items every Wednesday at Stuff Etc. My family is big on yard sales. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. Poshmark reviews 2023: Is selling on Poshmark worth it? Id love to find a place like this. Thankfully, there are quality buyback businesses, including some in your town, as well as reputable online sites. The payouts decline from there, with rates dipping to as low as 40% for any item less than $145. 50% to the retailer. (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 consignment percentage calculator then determines what percentage of the retail selling price should be paid to the consignee as their fee. Selling Online. The general consignment process is most likely the same no matter where you go. Swap.com - This is one of the top-rated online consignment stores. 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. I only payout in cash. In spite of the lousy location for retail, our business started to grow. Ive even heard customers ask other customers where our bathrooms are. My personal favorite is thrifting. In 2003 we decided to venture into the Cedar Rapids market. Mercari. 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).
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