I'm psyched! Just started consigning.

walkdmc

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I just returned from a consignment shop where I dropped off 5 items. One, a Coach bag, was purchased by the lady doing my intake!

I had a habit of buying things then never using them or gifting them, as I intended. Now, I can clear those things out of my closets and make a little money from them, hopefully. I would love to find a good kids' shop to consign toys and kids' clothes.

Does anyone here consign? This shop charges an annual fee of $15, plus they keep 60% off the sale price but it benefits a local health organization, so I'm okay with those fees.
 
I don't consign, but I make a LOT of money selling my unused or slightly used stuff on eBay and craigslist. I, too, have things I buy for myself or my son and don't use so I put them up. I've made over 1,000 dollars in Christmas money this month! :thumbsup2
 
We only have 1 consignment shop in town and she keeps 50% of the selling price, so NO. I am not giving half my money to anybody. I sell things on EBay if they are worth selling and I donate most of our clothes to a local homeless shelter that has a thrift store for making money.
 
I consign kids clothes/gear. I made over $500 this year in stuff my kids have outgrown that was cluttering my basement. Yes, you *may* be able to make a little bit more on ebay but there is literally no work in consigning. I bag it up and drop it off. That is it!
I find ebay soooo time consuming...and not very profitable with items like this.
 

What is ebay's fee for selling on their site? I've been avoiding ebay after reading stories about transactions gone bad. I see a lot of posts seeking advice on what to do when a buyer finds a "problem" with an item, or other issue.

From nuts to bolts of selling an item (not including shipping), how long does it take to set up an item for sale?

Thanks!
 
I donate my adult sized stuff. But the kids stuff I consign at a semi annual consignment sale near where I live. They only charge a $10 fee and take 30%. It's pretty good I think. They get thousands of people who come to the sale so I almost always sell pretty much everything.
 
I just returned from a consignment shop where I dropped off 5 items. One, a Coach bag, was purchased by the lady doing my intake!

I had a habit of buying things then never using them or gifting them, as I intended. Now, I can clear those things out of my closets and make a little money from them, hopefully. I would love to find a good kids' shop to consign toys and kids' clothes.

Does anyone here consign? This shop charges an annual fee of $15, plus they keep 60% off the sale price but it benefits a local health organization, so I'm okay with those fees.

So its like giving to Goodwill-but you get a little pocket change?.

I'd either give to Goodwill-or find someplace that takes a lower fee-60 percent is way too high,IMO!
 
Swan, some of that fee goes toward a good charity so I'm okay with it. Plus, although 60% seems high, the lowest consignment fee around me is 50% of the purchase price. Maybe it's a regional thing?

I have a "friend" who opened her own consignment shop and was "willing"-her word, not mine, to look over my practically new Coach purse and other decent/new things and see if she could sell them for a 55% fee! I decided to go with the shop that benefits the community.

Ebay does intrigue me but I'm worried about the time investment and hassles.
 
I just returned from a consignment shop where I dropped off 5 items. One, a Coach bag, was purchased by the lady doing my intake!

I had a habit of buying things then never using them or gifting them, as I intended. Now, I can clear those things out of my closets and make a little money from them, hopefully. I would love to find a good kids' shop to consign toys and kids' clothes.

Does anyone here consign? This shop charges an annual fee of $15, plus they keep 60% off the sale price but it benefits a local health organization, so I'm okay with those fees.
You say you "had a habit", so I'm guessing you've already realized this, but still it's something that some people overlook: If you're buying things new . . . then reselling them at a lower price, you'd be better off buying less in the first place. For example, if you buy the Coach bag for $400 (guessing that's a reasonable price) and resell it for $200, you're still losing $200. If it's not something you're going to use, you'd be better off not buying it in the first place.

Consigning, ebay, yard sales are a great way to recoup a portion of your costs in some situations (i.e., outgrown kids clothes), but don't ever buy things saying, "I'll just resell it if I don't use it".

As for the logistics of consigning, I have only one suggestion: Start small.

When my youngest no longer needed the crib, high chair, etc., I looked into consigning to get rid of the BUNCH of things that had accumulated in our house. All of the things were still in good condition, and it looked like a way to make more money than a yard sale (which means you're hoping that the right person comes by on the one day you're selling). I put a number of items into a store from which I'd been buying . . . but although I knew my stuff had "moved quickly", I had the devil of a time getting the owner to pay me. Now, years later, I can't remember the details, but it was always some excuse or another. I finally did get paid a portion of what she owed me, and I quit buying from her -- I didn't want to fuel her dishonesty. The second shop with which I consigned was much better: She offered a higher percentage of "payback" if it was issued as store credit rather than cash money, but her records were always up-to-date and immaculate. She was fair in her payments. Although that store wasn't at all convenient for me to visit, I stayed with them 'til my kids reached the point that their stuff was worn out rather than outgrown.

In retrospect, I should've put only a few items of clothing into the first store -- that way I wouldn't have had the crib, etc. all tied up with her, and I wouldn't have been so upset about her dishonesty when it came time to pay. So start small. Put in a few items, see how it goes. THEN clean out your closet and put in a larger amount of goods.
 
What is ebay's fee for selling on their site? I've been avoiding ebay after reading stories about transactions gone bad. I see a lot of posts seeking advice on what to do when a buyer finds a "problem" with an item, or other issue.

From nuts to bolts of selling an item (not including shipping), how long does it take to set up an item for sale?

Thanks!

Fact is no one is going to post GOOD experiences and the bad are MUCH less than the bad. I have well over 5000 transactions on eBay and 2 BAD ones. I don't think even Sears can claim that! I depend on eBay for my "second" income so I compare it to actually going out to a second job and it really is a plus!

Here is a link to their fee schedule:http://pages.ebay.com/sellerinformation/news/feeupdate2011.html#fc

Up to 50 listings has a free insertion fee. The final value fee is 9% so make sure it's included in your item price or in your handling fee.
 
You say you "had a habit", so I'm guessing you've already realized this, but still it's something that some people overlook: If you're buying things new . . . then reselling them at a lower price, you'd be better off buying less in the first place. For example, if you buy the Coach bag for $400 (guessing that's a reasonable price) and resell it for $200, you're still losing $200. If it's not something you're going to use, you'd be better off not buying it in the first place. .


LOL! And water is wet. The OP is aware that she had an issue and that's why she cleared out her closet. Also, no one buys something (especially something expensive) with the intention of leaving it in their closet or not gifting it as intended).

I used to do the same thing. One time, I bought a sheet set at Wal Mart. For some reason, it was only $11. I stuck it in my closet and just forgot it was there. I came across it, decided I didn't want it and returned it. I didn't have the receipt so the clerk had to look it up. She couldn't find it in the system and had to call corporate. I ended up getting $40+ back. How? I have no clue but I was certainly happy about it!
 
Thanks for the fee schedule, RobinRS!
 
I just saw a consignment store in Des Moines that sold furniture (only furniture maybe?). I thought that was a really good idea. It looked like a good place to shop and was in a nice part of town.

Craigslist is great! We bought a new prelit Christmas tree for $80 and sold the old not prelit for $60. We bought a new fridge and sold the old one for $250. Both the full price we were asking and quickly.
 
LOL! And water is wet. The OP is aware that she had an issue and that's why she cleared out her closet. Also, no one buys something (especially something expensive) with the intention of leaving it in their closet or not gifting it as intended).

:lmao: I thought I was the only one who said "duh"... :crazy:

Thanks for the fee schedule, RobinRS!

You're welcome. :)

Also, like the PP, I use Craigslist a LOT.
 





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