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. Plus, I love the frenzy, which would be an absolute con for several of my girlfriends! 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? If I gave them a check or used paypal, that wouldnt happen. 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. Our demand for these items is year round . Markup can be over 100%, but your example was flawed. Consignment is NOT your regular retail job! 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. 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. So many people could use these good items. ThredUp will then send you a Paypal payment for the items you sent. Jewelry stores and antique shops both may purchase your estate and vintage jewelry either for a flat rate or on a consignment agreement. Instead, Im happy to give it to a needy family! Sunday11am 5pm. If your product is a "hot" item or helps drive extra traffic to that retailer, you can . 12. So from March to June we are accepting summer merchandise. The consignee often takes a commission or fee and then the remainder of the sale price is paid to the consignor. Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). At its most basic, it simply refers to a venue that specializes in selling items (like clothing, shoes, handbags, furniture, etc.) As an apartment dweller its ideal! Great post! If the bicycle doesnt sell, then you take your items home for no charge. But unless you make a decent amount on any given sale, you could potentially make nothing. All eBay /PayPal fees associated with selling the item are to be paid by me. Check your local Google listings and reviews. Sale Price x Consignment Percentage = Consignor Proceeds. How it works for the seller (or in this case, donater). Many of the most popular consignment shops specialize in reselling fashion, such as clothing, shoes, jewelry, and more. Usually, the consignment store chooses how to display and price your item. After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. Quality Furnishings and Housewares. 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. Make sure your items are clean, in working order and all pieces are included. Its a highly trafficked store, and very close to us. Not bad for for items they no longer wanted or needed! 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. THEY ARE AMAZING! The seller goes in order of interest and through private message the two agree upon a price and method of exchange, most meet in a store parking lot or other public place. (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! The Coralville store alone will reach $3 million in sales this year, hitting its biggest month - $300,000 - in August. . 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. Considering both the consignors and buyers as our customers, everything we do at Stuff Etc is focused on complete customer satisfaction. uilding with a bar and a sheet metal shop. Then, Lord forbid it SELLS after x time. Some of the items that they didnt accept had never even been worn but they said they were dirty or had too much wear. If the merchandise sells, the store owner pays you less the agreed percentage and other costs. Selling a $500 gun at a 5% net profit puts around $25 in the dealers pocket. Best Online Consignment Shops. So, for example, if your porcelain figurine sold for $100 at our store, you would receive $60, and we would keep $40. You can find all the latest home dcor and furniture styles plus dress the entire family in the brands you love. Watch these brief how-tos for a quick overview. 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. Valuing your goods at what you feel they're worth can help you to maintain a low-cost percentage. 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. I give the consignors cash and 99 percent of the time they take the money and buy something in the store with it. Military Discount:Are you currently in the military or a vet? 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. The RealReal offers value mostly to sellers of high-priced luxury items: Its commission structure favors watches that retail for about $3,000 or more with its highest payout percentage of 85%. My family is big on yard sales. I never thought of resale clothing stores as pawn shops, but technically, they are. How can you make the most of your Stuff Etc consignment relationship? Have you had any success with consignment shops? For example, you consign a childrens bicycle for $20. Continue to 9 of 10 below. Id have rather donated in my community as well! 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! Any final sale on items from $31 to $60 means a $30 commission for the company. One year my wife did a wardrobe purge that proved to be worth $8k+ in charitable deductions. So, if a pair of Childrens Place pants in their store resells for $7.50, youd earn $3.75 up front. I sent out a few boxes of gently used baby clothes and received boxes of gently used baby clothing in the sizes I needed AND a box filled with new plus size clothing. Also, donating can be pretty huge if you are already itemizing your deductions. Make EVERYONE feel special and welcome. Bring your best items! Each Stuff Etc store takes the last 2 years style of clothing and accessories. Some items that are BIG SELLERS for Stuff Etc are athletic wear, home decor and furniture. A consignment agreement is a contract that places an item the consignor (or owner) owns with the consignee (or seller) for the consignee to sell. Corporate Office Ive had many items sell in 3 minutes or lessits like a virtual yard sale. Those with sales of less than $1,500 will get a 55% commission, while items with an original resale list price below $195 may bring in less. My motto is you know what you might find, and people love that. In December, I made over $4,000.00. You're providing a valuable service. 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. My consignors do well at my store and keep coming back with more items. Having a strong sense of style doesnt mean you have to break the bank when youre shopping! The negative posts are definitely discouraging, but its great to know that you can be successful! Simply put, if it looks good and tastes great, people will pay for it. With other types of sales, you are paying some of your profit to businesses to get the job done. 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. Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. Weve purchased furniture in the past second-hand and havent had a problem, but I wonder if you have any thoughts on this? And we are going to start it today NOT February 1st! Listings can be easily shared on social media - and the app allows you to track your sales. In 2003 we decided to venture into the Cedar Rapids market. I own a consignment shop that sells everything and everything. Household items must be clean and in working order. In 2000, we decided to add a second location. 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. What is Stuff Etc Currently Accepting? Stuff Etc has an overall rating of 2.6 out of 5, based on over 25 reviews left anonymously by employees. 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. Storage. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Privacy Policy & Terms | Your search may yield consignment shops that are exclusive to your city, but you may also find national consignment shops near you. 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. I only payout in cash. 1. 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. Just drop it off and get something for it.What is the name of the place you go to? 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. 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. You bring in your tubs of clothes for the shopkeeper to evaluate. Consignment prices; Any area that deals with selling furniture; You need to figure out how your product fits into the current landscape. 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 .!!! Ive even heard customers ask other customers where our bathrooms are. She doesnt charge a percentage, but people always give her one out of courtesy for hosting. Craigslist is creepy, so I dont sell on that site. 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! etc. Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. If you agree, then theyll pay you from the cash register. Not sure what else you can sell? After your item sells, you receive a portion of the selling price, usually 40 to 60 percent (I receive 60). SENIOR DAY:Every Wednesday in our store is Senior Day! Consignment is an arrangement in which goods are left in the possession of another party to sell. We sold a few childrens dresses at a thrift shop. I sell books, pottery, sandwich grills, small furniture, jewelry, and whatever else. Bonanza also has a nice feature that allows you to send the items you plan to sell to Google shopping. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. What is the different between a consignment store and a thrift store? Good post! You can also choose to accept store credit for a larger sum. I havent received the greatest price for my items, but thats made up for with how little effort I can put in. I personally prefer a consignment sale over a consignment shop, because I get immediate results. If 1 tote just isnt enough then we do have the option for an appointment, which allows you to drop off 2 totes. Thrift shops are non-profit organizations that sell items they receive via donation. 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. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. There are a few different ways that businesses can use a consignment percentage calculator. Many consignment shops offer store credit at a higher percentage than if you accept cash. Get the clutter out of our house and get the stuff we need for the kids in exchange. Typically, the consignor receives a percentage of the revenue from the sale (sometimes a very . A 20% gross profit for a retailer would be reduced to probably less than a 5% net profit. It's a win win when you shop resale! Think you could answer our 5 most commonly asked questions? After the sale, you can either collect your items or have them donated on your behalf. If there was a Stuff Etc trivia game, how well do you think you would do? What Should I Do If a Domain Name Is Already Taken? Thanks for Being Part of the Man Vs. Debt Community! Profit Splits. Your quote may be different on a Tuesday than on a Thursday for no real reason. Check the shop out. 386 were here. In a pawn shop, you relinquish your ownership of your item in exchange for immediate payment. Answer: Stuff Etc is seasonal and to stay competitive with all other retailers we take what you see at your mall. Always be happy and talkative. 50% to the retailer. Sunday 11am - 5pm. Other consigned items, including but not limited to appliances, electronics and tools, must be in good working order. Mercari. We rented a 21,000 square foot space on the west side of Cedar Rapids. I have a very stereotypical picture of pawn shops. October 15, 2011 5:50AM. (Some places do charge a small activation or consignment fee.). I avoid consignment shops as a seller, but love them as a buyer! 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). I accept designer clothing from Old Navy type of brands. Click on the following links based on the store your account is located. Similar to Platos Closet, Buffalo Exchange is a clothing consignment brand with locations throughout the United States. But its true! 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 ? Platos closet isnt considered a pawn shop but a resale shop. Our first storefront in Iowa City was . Time-saving convenience. Stuff Etc raised a total of $350 K in funding over 1 rounds. 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. So the coin hammers for $100, Heritage collects $115 and pays the consignor $90. Tradesy. Its been 38 years, Iowa!! I love adding to my wardrobe and the thrift store allows me to do so! 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. We never heard from them again. 2818 Commerce Dr, Coralville, Iowa, 52241, United States. These posts can help you understand what you own and how much it is worth: Learn about the top online jewelry auction sites. Second, you can list your item in one of Facebook's "Buy and Sell Groups.". You can read more about this in one of my earlier post Finding the Right Auction House to Sell Your Antiques. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. ThredUp. 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. While you're there, ask the auctioneer how sales are promoted (online, in newspapers, and via e-mail is best) and whether they are simulcast online. Do I think youre getting the best for your money? The Best Online Consignment Shops. 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. To get started,read our consignment guidelines, see whatwere accepting now, or drop off 1 tote without an appointment Tuesday Saturday. Three top designers that are on the hunt of Tradesy shoppers are Louis Vuitton, Chanel, and Coach. I get all types of people from wealthy, middle class, to those less fortunate. I was completely oblivious to consignments. Its been 38 years, Iowa!! At Stuff Etc we have all your favorite brand names at a fraction of the price! See what employees say it's like to work at Stuff Etc. They are intense, because hundreds of people will be thumbing through the items throughout the weekend. 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. Recently though, FaceBook buy, sell, swap, yard sale pages have popped up. Revenue is usually split 60 percent to the store and 40 percent to you, although everything is negotiable. Ankeny, IA 50021. Carousell is a platform that allows users to sell electronics, fashion, and even properties! Corporate Office
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