stuff etc consignment percentage

Best Online Consignment Shops & Apps for 2023 - Millennial Money Where to Sell Your Antiques and Collectibles? - Antique HQ eBay Consignment Fees. 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. This increased our space to 3000 square foot (as seen here). Established in 1985. What Is Consignment? Consignment Meaning and Trends Online reputation can be a good indicator of what to expect at that consignment shop. 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. After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. The jack up the prices way too high, instead of lowing prices, they smash, crush, and trash it. 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. 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. You never know if its worth it until you try. Ive even heard customers ask other customers where our bathrooms are. There are some items that we just cant take for consignment at Stuff Etc. If its furniture you want to drop off, well thats really easy too! Then, Lord forbid it SELLS after x time. It's a win win when you shop resale! Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Occasionally, I take womens clothes to consignment, but it generally only yields $30-$40, its hardly worth it. For the longest time, I misunderstood the world of second-hand shops. Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. My consignors do well at my store and keep coming back with more items. Always be happy and talkative. The clothing resale platform Poshmark takes just 20% of every sale or $2.95 for any sale under $15. The resale store full of donated goods down your street might not be labeled a thrift shop. If you agree, then theyll pay you from the cash register. Get monthly news, updates and promotions from our Stuff Etc locations. 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. 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 have yard sale sunday and you can post stuff for sale on Sundays only. A few days before the sale, the organizers will open the doors for you to drop off your items. Get the clutter out of our house and get the stuff we need for the kids in exchange. I ALSO tell them, IF there is NO INTEREST. 30-item limit. Typically, when you sell clothes, accessories, furniture, or appliances via consignment, you take your item to the store or send them photos of larger pieces and the consignment shop will decide whether or not to take your item. Some items aren't a good fit for consignment. Ive learned how to quickly write ads, to know which marketplaces to sell different items in, and how to handle interested buyers. The consignment percentage calculator then determines what percentage of the retail selling price should be paid to the consignee as their fee. Its unfortunate that it gets a bad reputation based on the ignorance and limitations of someone personal experience. We rented a 21,000 square foot space on the west side of Cedar Rapids. 21 apps for selling stuff online or "near me" in 2023. . If you have a special piece or a big collection, they may charge you nothing. Answer: Stuff Etc is seasonal and to stay competitive with all other retailers we take what you see at your mall. How to sell your timepiece for the highest price, What you need to know about jewelry appraisals and where to find one, How to sell your engagement ring for the highest price, Understand what your diamond is worth and how to sell it, Either they purchase an item from a seller and then resell it themselves at a markup. Based on the 75% consignment, your proceeds are $112.50 . Also, donating can be pretty huge if you are already itemizing your deductions. 21% of employees would recommend working at Stuff Etc to a friend and 12% have a positive outlook for the business. In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. 3. RYK Posts: 35,651 . That is, the retail shop owner will typically pay you 50% of the suggested retail sales price up front. In my opinion this article incorrect. 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! 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. Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). Do you have a preference or experience finding better deals at thrift shops vs. consignment stores? Thank you Answer: Its easier than most people think. Occasionally, I take women's clothes to consignment, but it generally only yields $30-$40, it's hardly worth it. Your email address will not be published. Technically it's not a consignment shop, but you can find gently used clothing and accessories for a pretty good deal. I dont have to do anything, just bring it up there. If you are starting your own thrift store do you have to collect and pay sales tax? How Much Should I Pay Retailers for Selling My Product? There are some items that we just can't take for consignment at Stuff Etc. 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.). | qazwilson, How Can I Sell My Homemade Stuff? Thanks guys. | qazwilson, Pingback: How Can I Sell My Homemade Stuff? I avoid consignment shops as a seller, but love them as a buyer! A 20% gross profit for a retailer would be reduced to probably less than a 5% net profit. Similar to Platos Closet, Buffalo Exchange is a clothing consignment brand with locations throughout the United States. In some cases, you are paid a fixed sum upfront for any items the consignment store accepts. Bonanza is a website that allows you to list your household items for a fee. Then, once you start consigning, well keep track of all of your sales for that store in your online account. Consignment prices; Any area that deals with selling furniture; You need to figure out how your product fits into the current landscape. 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 fee can go as high as 50%. 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. 2818 Commerce Drive You can always cash out too but if you love a deal theres always something great to add to your wardrobe or home from Stuff Etc. 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. For example, if you bought a $20 toy for your child, then it should be priced at $6 to $10 . My wife and I are considering starting our own resale/thrift store. This is where you have to look at your priorities for time and money. Our demand for these items is year round so consign often! You feel good about yourself while increasing your tax deductions, and they place your items on their shelves. We live in Taylor, Mi. 2818 Commerce Drive Have you gotten your Early Bird Ticket yet? There are likely luxury consignment shops near you as well. On a $100 sale with a 40% consignor share, the payout should be $40, so 40/100 = .4 or 40%. Today I just put the right words in the search engine. I think youll get better results from the next types of second-hand shops classifieds. October 15, 2011 5:50AM. What Should I Do If a Domain Name Is Already Taken? Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. What is a Fair Consignment Percentage? Sunday11am 5pm. In 2003 we decided to venture into the Cedar Rapids market. 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. Poshmark is an online consignment shop, similar in many ways to ThredUp and Mercari. Friends in need. Pays cash. Salaries, reviews, and more - all posted by employees working at Stuff Etc. The Beginner's Guide to Consignment Stores, Thrift Shops and More Quality Furnishings and Housewares. 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. is dedicated to providing consignors a stress-free process while giving the best . Keep in mind, however, that you tie up your funds waiting for merchandise to be sold. Draw up a contract outlining the terms . How to Consign | Stuff Etc How to get rid of junk: 24+ free and cheap junk removal options. 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. As such, other consignment sites like Poshmark and Mercari may be a better deal for you. Stop by a Stuff Etc store todayand see how we fit your style. How to Make Money Selling Kids' Items at Consignment Sales Thank you for your comment! Thanks for Being Part of the Man Vs. Debt Community! Oh, and Ive never heard of ThredUP, but thanks for the heads up. Classified ads are the alternative to the standard second-hand shop. That is what I currently continue to do, but there are so many things that might(yesI said might) move better in a store. 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. I have used eBay for years more as a buyer than a seller but for confident buying/selling online you cant beat it. Our demand for these items is year round . Poshmark pays 20% commission. This is a great option if you want immediate, same-day results and never worry about your crap again. Ill have to resist the temptation to look through that whole bicycle catalog. Once the salesman has a confirmed offer on your RV, they'll call and see if you accept. How it works for the seller (or in this case, donater). Mercari is an online consignment shop where you can sell various things - from unwanted clothes to electric guitars. Working at Stuff Etc | Glassdoor A fair consignment percentage ensures both you and the shop owner are profiting with the sale of one of your products. Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM. Each Stuff Etc store takes the last 2 years style of clothing and accessories. As the owner, youd pay a small fee to the shop as compensation for them selling your item. Your email address will not be published. Stuff Etc. capitalizes on recycling mentality - Corridor Business Journal An example would be if Tyra takes a dresser to Ken's Consignment Furniture Store. When the share is less than expected, just inquire as to why. She doesnt charge a percentage, but people always give her one out of courtesy for hosting. Watch these brief how-tos for a quick overview. I would have gladly donated them to a family in need instead of lining the pockets of a scammy corporation. 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 .!!! They may never sell the clothes, but it doesnt affect your payout. handbags, furniture, etc.) How To Sell Household Items Quickly: Get Rid of Clutter And Earn Extra Cash . Local and online consignment stores may resell your wedding gown including ThredUp, Nearly Newlywed, Borrowing Magnolia, Once Wed, and PreownedWeddingDresses.com. YOU 'gotta hope you can LOCATE it in 'storage'. Two weeks later we found out the business closed their doors due to bankruptcy. After the sale, you can either collect your items or have them donated on your behalf. Craigslist is creepy, so I dont sell on that site. If youre ready to part with this stuff anyway you might want to start a donation or garage sale bag as well as your Stuff Etc consignment bags so you can easily sort which items to bring into Stuff, and which you want to donate or sell elsewhere. But its true! 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. 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. Stuff Etc Quality Consignment Stores | Iowa Consignment | Stuff Etc Seems so wrong. Thank you! And we are going to start it today NOT February 1st! For example, you want to sell baby clothes. The Best Online Consignment Shops. Looking for something new to do? Youll need antique furniture or nearly new high-end pieces. I own a childrens consignment store and we are very busy and have a few thousand consignors. I'm just posting to clarify for other readers, not just 'picking'. Consignment goods are typically sold through consignment stores, which receive a percentage of the sale revenue (sometimes a very high percentage) as a commission. Your item will have a harder time standing out, but there are literally hundreds of shoppers ready to load up their cars. ThredUp will then send you a Paypal payment for the items you sent. 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. You might use consignment selling for market testing. At its most basic, it simply refers to a venue that specializes in selling items (like clothing, shoes, handbags, furniture, etc.) What is really upsetting is the amount of really good items they simply CRUSH, and throw away in huge garbage containers!! The concept of online consignment is the same as in-person, but items are mailed in via a special mailer, assessed by the consignment company, and you are offered a fee, or your items are rejected and (maybe) returned. The general consignment process is most likely the same no matter where you go. Markup can be over 100%, but your example was flawed. Platos closet isnt considered a pawn shop but a resale shop. Where do you sell your stuff second-hand? For example, if one item sells for up to $30, Everything But the House earns 100 percent in commission. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. This is per item and paid to me, by seller. They were able to tell from the label. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. Do I know anyone whos successfully used this platform. STUFF ETC - 14 Photos - 1210 Flammang Dr, Waterloo, Iowa - Used - Yelp Come to think of it, my mom kind of runs a consignment shop with her yard sale! If the merchandise sells, the store owner pays you less the agreed percentage and other costs. 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! You receive $10. Having a strong sense of style doesn't mean you have to break the bank when you're shopping! Consignment shops are locally owned businesses with a mom-and-pop feel. How to Make Money on eBay Selling Consignment for Others Best Online Consignment Shops. Salaries, reviews, and more - all posted by employees working at Stuff Etc. After all, if they cant resell it, they cant make a profit! Fun, fun, fun ! So from March to June we are accepting summer merchandise. Where to Sell Your Unwanted Stuff for the Most Cash - The Spruce Stuff Etc. If this is more up your alley just give us a call to schedule an appointment. Selling a $500 gun at a 5% net profit puts around $25 in the dealers pocket. Just let our register associates know you qualify for the Senior discount. Some items that are BIG SELLERS for Stuff Etc are athletic wear, home decor and furniture. If your product is a "hot" item or helps drive extra traffic to that retailer, you can start at 60/40 then maybe move to a 50/50 or even 40/60 split. This is the route that allows me to get the most money out of my used crap, most efficiently. They should sell items as if it were a garage sale a couple bucks- a few cents!!!! The 'percentage' is calculated by dividing the payout by the amount of the sale. How to Consign Furniture and Sell on Consignment Storage. uilding with a bar and a sheet metal shop. People post a picture and price of their item, people comment interested or Next (for next in line) if they would like to purchase. Have had success with both. Some only buy designer labels, others could care less about labels, and others that only shop the clearance racks. Thankfully, there are quality buyback businesses, including some in your town, as well as reputable online sites. Selling Online. Ive found these types of shops to be inconsistent in how much they pay you. After your item sells, you receive a portion of the selling price, usually 40 to 60 percent (I receive 60). Join us April 15 & 16 for ou twitter.com/i/web/status/1, Stuff Etc WATERLOO now carries bed in box mattresses! You can be fashionable on a budget! It takes quite a while to see results from many of these shops, so its not a great idea if you need cash pronto. Half eventually is paid out to consignors when the come in to check their accout balances. Recently though, FaceBook buy, sell, swap, yard sale pages have popped up. Jewelry Consignment 101 - Jewelry Making Journal If the bicycle doesnt sell, then you take your items home for no charge. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. 50% to the retailer. There are also online furniture consignment platforms such as Everything But the House, Chairish, and 1stdibs. When we moved from Arkansas to Texas, we left the baby bed my son had outgrown with a consignment shop. The pay isnt horrible (around 30% of what they sell it for). 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). 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. You may decide to visit a few consignment stores near you to see if you can make more money. One last tip. Coralville, Cedar Rapids, Clive & Dubuque Tuesday thru Saturday 10 AM to 7 PM, Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM, Waterloo location accepts consignment Tuesday thru Saturday from 10 AM to 5 PM, Davenport location accepts consignment Tuesday thru Saturday from 10 AM to 5 PM, Ankeny location accepts consignment Tuesday thru Saturday from 10 AM to 5 PM, Consignors may bring in one 15 gallon bag or box, Unaccepted items will not be given back to consignors, Unaccepted items can be returned to the consignor; must pick up within 48 hours after receiving item list email. As long as the item is in excellent condition, I will sell it. A 20% gross profit sounds very high to anyone not operating a business. Totally worth it! Stuff Etc Profile and History. Continue to 9 of 10 below. The term second hand store can mean a lot of different things to a lot of different people. This definition encompasses both thrift stores and consignment shops, which are very different types of business. | Retro Metro, When you relinquish ownership of the physical possessions, Whether someone helps you sell your items. Selling Your RV? Here's What RV Consignment Really Means 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. Check the shop out. How can find out what year/season the garment was made? . Stuff Etc is dedicated to providingconsignorsthe best return on their merchandise, while providing buyers with quality, low cost shopping. An item costing a retailer $5 with 200% markup would retail for 5 + 5*2 . I was completely oblivious to consignments. Also, the dealer may be a poor credit . This marketplace will advertise your item to anyone in your vicinity. As an apartment dweller its ideal! I say this very lightly; but technically, its 50% of what theyd sell it for. If I had known that they would do that, I would have donated the items or kept them back for a yard sale and priced them at a quarter a piece and made over $15 more. Suppose you take a designer purse to a local consignment shop. You can read more about this in one of my earlier post Finding the Right Auction House to Sell Your Antiques.

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