I always wanted a run down on consignment shops. In general, stores split the sales anywhere from 50/50 to 40/60 or . Do you have a preference or experience finding better deals at thrift shops vs. consignment stores? . Making sure they were clean, recognizable brand names and called the store to check what they were accepting. Required fields are marked *, Notify me of followup comments via e-mail. An item costing a retailer $5 with 200% markup would retail for 5 + 5*2 . Consignment shops are for-profit businesses that specialize in reselling items. For example, you want to sell baby clothes. Read on for #1!! Looking for something new to do? I always felt like it was safe meeting people in a public place with buyers and sellers from Facebook . Apply today! they are usually local, a little less creepy than craigslist cuz you can look at the other persons profile and no percentage or shipping costs! Ive learned how to quickly write ads, to know which marketplaces to sell different items in, and how to handle interested buyers. This can be a great way to get the most for your money at your easiest convenience! You might use consignment selling for market testing. When the payouts from other second-hand shops would be tiny, I prefer to just donate those items. One of these days I will do it and might even blog about it, lol! ), Corporate Office 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. Your email address will not be published. We use thrift stores and charity pickups all the timethe tax savings typically netted us as much as the other options without the headache. Start your Stuff Etc Consignment experience now! It is common for clothing consignment shops to pay modest up-front fees for quality items in good condition. We accept items on a seasonal basis. for these links. 2818 Commerce Dr, Coralville, Iowa, 52241, United States. She doesnt charge a percentage, but people always give her one out of courtesy for hosting. We rented a 21,000 square foot space on the west side of Cedar Rapids. Youll need antique furniture or nearly new high-end pieces. Bring them to us!! While there nominal fees for placing your ad in a newspaper, magazine or online marketplace, its usually smaller than consignments or pawn shops. Consignment stores pay . However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. Sellers get paid on a sliding scale. Mercari. I'm just posting to clarify for other readers, not just 'picking'. Its mind blowing. Having a strong sense of style doesnt mean you have to break the bank when youre shopping! Some items that are BIG SELLERS for Stuff Etc are athletic wear, home decor and furniture. I own a consignment shop that sells everything and everything. Weve purchased furniture in the past second-hand and havent had a problem, but I wonder if you have any thoughts on this? Each Stuff Etc store takes the last 2 years style of clothing and accessories. Our first storefront in Iowa City was on Highland Ct in a 750 sq ft building in a light industrial area where we shared our b uilding with a bar and a sheet metal shop. 30-item limit. Ive seen them in strip malls, hotel conference rooms, and school gymnasiums. Now that you know please share the knowledge next time someone asks you! Join us April 15 & 16 for ou twitter.com/i/web/status/1, Stuff Etc WATERLOO now carries bed in box mattresses! You own the product, in their shop, and are responsible for stocking the store shelves. | qazwilson, Pingback: How Can I Sell My Homemade Stuff? 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. 2818 Commerce Drive You can also sell via online platforms DiamondsUSA for all diamond jewelry, and CashforGoldUSA for gold, silver, and platinum jewelry, coin collections, scrap and bullion. 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. RYK Posts: 35,651 . But its true! The 'percentage' is calculated by dividing the payout by the amount of the sale. 1. Please note that individual stores may vary at the managers discretion and this is not intended as a comprehensive list. Why Consign your Quality Used Clothing or Housewares with Stuff Etc? They were able to tell from the label. And we are going to start it today NOT February 1st! The Salvation Army publishes a value guide: http://satruck.org/donation-value-guide. There are two consignment options physical shops and weekend sales. Check the shop out. Today I just put the right words in the search engine. Courtney, Your email address will not be published. It involves jewelry, ripped-off cell phones and wrought-iron bars. Storage. Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. Once you accept the offer, the dealer will handle all the financing and paperwork to transfer the RV title for you. Thankfully, there are quality buyback businesses, including some in your town, as well as reputable online sites. Ive had many items sell in 3 minutes or lessits like a virtual yard sale. Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office There IS a consignment shop nearby here in South Orange County, California in Newport Beach but i hear that they are snooty at buying your stuff (and many times, they have been known to not even take any of your clothes!) One last tip. Oh, and Ive never heard of ThredUP, but thanks for the heads up. I get all types of people from wealthy, middle class, to those less fortunate. However, the consignee has the right to return unsold goods back to the consigner. After the sale, you can either collect your items or have them donated on your behalf. In 2000, we decided to add a second location. The pay isnt horrible (around 30% of what they sell it for). Second, you can list your item in one of Facebook's "Buy and Sell Groups.". 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 havent received the greatest price for my items, but thats made up for with how little effort I can put in. However, I think the pawn shop description is wrong. Consignment selling may or may not be attractive to you. Household items must be clean and in working order. This is where you have to look at your priorities for time and money. You bring in your tubs of clothes for the shopkeeper to evaluate. Get monthly news, updates and promotions from our Stuff Etc locations. 1. 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. 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. That is what I currently continue to do, but there are so many things that might(yesI said might) move better in a store. So, for example, if your porcelain figurine sold for $100 at our store, you would receive $60, and we would keep $40. You can read more about this in one of my earlier post Finding the Right Auction House to Sell Your Antiques. No flow charts or diagrams needed, promise!! I sell books, pottery, sandwich grills, small furniture, jewelry, and whatever else. Stuff Etc headquarters are located in 2818 Commerce Dr, Coralville, Iowa, 52241, United States, Stuff Etcs main industries are: Retail, Auctions, Retail, Stuff Etc appears in search results as Stuff Etc, Stuff Etc Quality Consignment, Stuff Etc Waterloo, Get Free Access to Stuff Etc Contacts Info. More about Emma's credentials. Salaries, reviews, and more - all posted by employees working at Stuff Etc. Located at 2818 Commerce Drive, Stuff Etc Coralville is your one-stop destination for all your consignment needs. At its most basic, it simply refers to a venue that specializes in selling items (like clothing, shoes, handbags, furniture, etc.) 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). Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office Auctions are hit and miss. You bring your item into the store to be sold during a certain period of time. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. The items no longer belong to you. 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. And YOU get stuck, STORING. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. The general consignment process is most likely the same no matter where you go. Monday Saturday10am 7pm These are quality sites that do not traffic in fake bags: There are likely furniture consignment stores near you aka vintage furniture stores, antique shops, antique malls, used furniture stores that accept antiques, vintage furniture, household items like china, silver flatware and art. In my opinion this article incorrect. With some apprehension, we rented an 8,000 square foot space in Coralville. Also, the dealer may be a poor credit . Iowa City, Coralville, Cedar Rapids, Waterloo, Davenport, Ankeny, They arent crazy about consignment shop that only sell high end clothing. I dont have to do anything, just bring it up there. You may decide to visit a few consignment stores near you to see if you can make more money. Your email address will not be published. organization, etc. How pawnbrokers work and where to find a local pawn shop. Think you could answer our 5 most commonly asked questions? I think consignment shops are only worthwhile if you have quality goods to sell. An example would be if Tyra takes a dresser to Ken's Consignment Furniture Store. The site pays up to 80% of its retail price, but the Internet is full of tales of very picky selection, and very very low payouts (sometimes less than $1!). ThredUp is an easy and convenient way to buy and sell secondhand goods, with headquarters in San Francisco and delivery facilities across the U.S. You can sell or buy stuff on ThredUp or the app. There isnt a ton of inventory in these shops, so your item has less competition, but in many cases, there also isnt a ton of traffic coming through the door. 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. As long as the item is in excellent condition, I will sell it. Sale Price x Consignment Percentage = Consignor Proceeds. A fair consignment percentage ensures both you and the shop owner are profiting with the sale of one of your products. Be a shopper-consignor these savvy individuals know how to make the most of every purchase they make from Stuff Etc or the mall. Considering both the consignors and buyers as our customers, everything we do at Stuff Etc is focused on complete customer satisfaction. In 2010, we sold our very first franchise in Waterloo and opened our second franchise in Davenport in 2011. I love adding to my wardrobe and the thrift store allows me to do so! The resale store full of donated goods down your street might not be labeled a thrift shop. 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). Thrift shops are non-profit organizations that sell items they receive via donation. Remember, all these businesses share a desire to purchase high-quality, clean items in good condition that are currently in style. Our shop in in the busiest plaza and usually has a line at the checkout. 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. Friends in need. Your item will have a harder time standing out, but there are literally hundreds of shoppers ready to load up their cars. Ivy, Your email address will not be published. If your product is a "hot" item or helps drive extra traffic to that retailer, you can . Monday - Saturday 10am -7pm. Ive found these types of shops to be inconsistent in how much they pay you. This definition encompasses both thrift stores and consignment shops, which are very different types of business. I assumed that all shops gathered their inventory by buying goods from people directly, or from donations. The negative posts are definitely discouraging, but its great to know that you can be successful! Continue to 9 of 10 below. 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. The company will make an offer, and you can accept it or turn it down. Consignment sales are a trade agreement in which one party (the consignor) provides goods to another party (the consignee) to sell. When you visit the store, the items will have an identification code on the tag to identify which account gets credit for the sale. 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. Occasionally, I take womens clothes to consignment, but it generally only yields $30-$40, its hardly worth it. It takes quite a while to see results from many of these shops, so its not a great idea if you need cash pronto. Poshmark is an app, but you can also use the desktop version to browse through items like clothing, shoes, bags, jewelry, and other accessories. 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.

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