Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office Answer: Yes, we do! Do I know anyone whos successfully used this platform. Iowa City, Coralville, Cedar Rapids, Waterloo, Davenport, Ankeny, Also, I recently started selling my kids gently used clothes, toys, games etc at the kids exchange (a huge consignment event) in Raleigh NC twice a year. 2818 Commerce Drive Pays cash. At Around the Block, our consignors receive 60% of an item's final sale price. October 15, 2011 5:50AM. I think youll get better results from the next types of second-hand shops classifieds. Suppose you take a designer purse to a local consignment shop. Keep in mind, however, that you tie up your funds waiting for merchandise to be sold. We dealt only with children's merchandise and country crafts. They are the biggest rip off Ive ever seen. Hope it did not get soiled, or, degraded. Also, donating can be pretty huge if you are already itemizing your deductions. 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. As a warning, though, this type of second-hand selling can also flop if you dont do any research. ThredUp - Sell your kid's clothes to ThredUp. After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. Youll need antique furniture or nearly new high-end pieces. After you drop off your tote leave the rest to Stuff Etc! Winner of Parents magazines Best of the Web and a New York Observer Most Eligible New Yorker," her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. Read on! 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. Always be happy and talkative. Tradesy is a peer-to-peer marketplace where you can sell your second-hand luxury designer or high street handbags. 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. 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. Jewelry stores and antique shops both may purchase your estate and vintage jewelry either for a flat rate or on a consignment agreement. 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. Household items must be clean and in working order. I take childrens stuff to the consignment shop down the street 2 to 3 times a year though. I also was completely unaware that online marketplaces like craigslist, andeBay are also considered second-hand shops. 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. The consignment shop pays you a flat rate, upfront. See what employees say it's like to work at Stuff Etc. What percentage do most consignment shops take? At Stuff Etc we have all your favorite brand names at a fraction of the price! My personal favorite is thrifting. We sold a few childrens dresses at a thrift shop. 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. Once they accept, you drop off your items at the consignment store, receive a receipt, and then leave. There are a few different ways that businesses can use a consignment percentage calculator. Newspaper spaces can cost $15 or more for an ad, while the online marketplaces can cost $1. Just drop it off and get something for it.What is the name of the place you go to? Apply today! But unless you make a decent amount on any given sale, you could potentially make nothing. Courtney, People often under-estimate thrift stores, but with some patience, you can walk away with some great items! A few days before the sale, the organizers will open the doors for you to drop off your items. Determine your stock agreement by discussing how many you're trying to sell per design and at what price. 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. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. ThredUP accepts women's clothing, purses, shoes, accessories, and maternity wear. Instead of purchasing items from sellers to then resell, thrift shops are dependent on donations, which they then sell on to consumers. 1. ThredUp pays up to 80% of the sale price, but the site is very picky and reviewers complain that very high-quality, in-style luxury brands are reject (or worse, rejected and then posted on sites like ebay). The general consignment process is most likely the same no matter where you go. I found this entire article to be full of misinformation. 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. All items include a $3.50 listing fee. It's a highly trafficked store, and very close to us. Not bad for for items they no longer wanted or needed! I do think theyre better than consignment shops. 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!) Huge difference between a resale shop and pawn is that pawning gives you the option to use your belongings as a loan to get money or you can sell your items to them and get money that way. The costs and procedures drastically vary from platform to platform. There are actually several nationwide chains that resell goods under pawn-shop policies, like Half Price Books and Platos Closet. 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. The Spruce / Ana Cadena. 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. Make EVERYONE feel special and welcome. Now that you know please share the knowledge next time someone asks you! Depending on the type of items being sold and the consignment outlet selling, a 40:60 split in favour of the consignment shop or an even 50:50 split are also typical consignment percentage figures. Military Discount:Are you currently in the military or a vet? . Having a strong sense of style doesnt mean you have to break the bank when youre shopping! In fact we have a section on our website that shows everything we take year round, no matter what month it is! Stuff Etc. Consign early to get the highest return on your items. Platos closet isnt considered a pawn shop but a resale shop. Save my name, email, and website in this browser for the next time I comment. A 20% gross profit sounds very high to anyone not operating a business. If 1 tote just isnt enough then we do have the option for an appointment, which allows you to drop off 2 totes. 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! Its standard for you to drop off your items for a 30-, 60- or 90-day cycle. Consignment Hours: Tuesday - Saturday 10am - 5pm. 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. Similar to Platos Closet, Buffalo Exchange is a clothing consignment brand with locations throughout the United States. Craigslist is creepy, so I dont sell on that site. 50% to the retailer. Furniture accepted everyday of the week during store hours with no appointment needed. Online consignment typically pays via Paypal, check or bank transfer. ), Corporate Office I say this very lightly; but technically, its 50% of what theyd sell it for. Thank you! This rating has decreased by -16% over the last 12 months. Create your store. Here's a list of what to cover: Inventory. 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!). All battery-operated items must have working batteries in them. In spite of the lousy location for retail, our business started to grow. organization, etc. Quality Furnishings and Housewares. This increased our space to 3000 square foot (as seen here). Just let our register associates know you qualify for the Senior discount. So many people could use these good items. As the owner, youd pay a small fee to the shop as compensation for them selling your item. After the sale, you can either collect your items or have them donated on your behalf. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. Oh, and Ive never heard of ThredUP, but thanks for the heads up. The selling sites on Facebook are worth selling childrens items or what else you want to sell on there to get some extra cash. Jewelry Consignment Percentage by: Rena. Weve purchased furniture in the past second-hand and havent had a problem, but I wonder if you have any thoughts on this? The jack up the prices way too high, instead of lowing prices, they smash, crush, and trash it. Several people put their items in the sale with their names marked. Stuff Etc. 2023 Wealthysinglemommy.com, Single Moms: Date, parent and make money like a mother. Second, you can list your item in one of Facebook's "Buy and Sell Groups.". Don't undersell yourself or . She doesnt charge a percentage, but people always give her one out of courtesy for hosting. Bring your best items! 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.). The highest should be 20%, but many will reduce that to 10%. Some even let you sell your clothing back to the store in exchange for cash or store credit. Remember that they may charge a buyer's premium of up . An example would be if Tyra takes a dresser to Ken's Consignment Furniture Store. Friends in need. Thank you so much Courtney Baker for this VERY useful article, and thank you klp. She in turn earns her 50% of the retail sales price when an item is sold in her shop. Plus, I love the frenzy, which would be an absolute con for several of my girlfriends! 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. Draw up a contract outlining the terms . Ive even found the childrens consignment shop circuit to be impossible to make money at with kids stuff unless you have some really high-end brands. 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%. The shop can take anywhere from 30% to 60% of the profits, so make sure you negotiate! Listings can be easily shared on social media - and the app allows you to track your sales. 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). Simply put, if it looks good and tastes great, people will pay for it. They usually pop up for a weekend, 2 to 4 days, in random vacant spaces. Stuff Etc Profile and History. Not sure what else you can sell? Occasionally, I take women's clothes to consignment, but it generally only yields $30-$40, it's hardly worth it. Generally, when they sell your bicycle, they take their 50% or $10. Any final sale on items from $31 to $60 means a $30 commission for the company. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. Id have rather donated in my community as well! Thanks for Being Part of the Man Vs. Debt Community! Markup can be over 100%, but your example was flawed. We accept items on a seasonal basis. To get started with consignment you can read the resources we have online . Hello, thank you for this article. Get monthly news, updates and promotions from our Stuff Etc locations. I take children's stuff to the consignment shop down the street 2 to 3 times a year though. Sunday11am 5pm. 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. Ankeny, IA 50021. 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. The energy is high, and you can expect to see shoppers cars packed to the brim! In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. How to get rid of junk: 24+ free and cheap junk removal options. It looks as though the market is pretty saturated? You can log in to your account whenever its convenient for you and watch your stuff turn into cash! They are definitely easy, especially if you have designer clothing. 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. 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. Consignment prices; Any area that deals with selling furniture; You need to figure out how your product fits into the current landscape. Mercari is an online consignment shop where you can sell various things - from unwanted clothes to electric guitars. 12. 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. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. I accept designer clothing from Old Navy type of brands. Instead, Im happy to give it to a needy family! etc. Its hard to turn a profit with five smaller items and a $10 entry fee. Ive found these types of shops to be inconsistent in how much they pay you. . Some items aren't a good fit for consignment. The Salvation Army publishes a value guide: http://satruck.org/donation-value-guide. In December of 2005 we opened a second Cedar Rapids store on the east side. 21 apps for selling stuff online or "near me" in 2023. . 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). Where do you sell your stuff second-hand? And we are going to start it today NOT February 1st! However, the consignee has the right to return unsold goods back to the consigner. Consignment savvy people in Eastern Iowa make thousands of dollars, consigning their high quality clothing, furnishings and more with Stuff Etc with eight locations, we make it convenient for you to turn your Stuff into cash. I wonder if those who donate to this store realize if items dont sell within a month, they get trashed. 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. As such, other consignment sites like Poshmark and Mercari may be a better deal for you. So from March to June we are accepting summer merchandise. A free inside look at company reviews and salaries posted anonymously by employees. Before you start consigning or selling jewelry, you should know what you have. Check the shop out. All battery-operated items must have working batteries in them. Probably not a good retirement family career business? Ive even heard customers ask other customers where our bathrooms are. AND dont forget items in the store after 60 days are 50% off and after 90 days they are 80% off. See what employees say it's like to work at Stuff Etc. Search for a Buffalo Exchange in your city. For most items, especially clothing, we ended up with more money from the deduction than we would have from a garage sale or consignment shop. Continue to 9 of 10 below. One last tip. I know! After this time, if a sale is not made, the goods are returned to their owner. Make money/save money with consignment. Consignment arrangements typically are in effect for a set period of time. Some states exempt charities, others tax all resale operations. With some apprehension, we rented an 8,000 square foot space in Coralville. Think you could answer our 5 most commonly asked questions? Some items that are BIG SELLERS for Stuff Etc are athletic wear, home decor and furniture. Calculate A Fair Consignment Percentage. Corporate Office I never thought of resale clothing stores as pawn shops, but technically, they are. Consignment selling may or may not be attractive to you. Note that in all cases, the real consignment percentage represents the net figure that both the goods owner and the consignment shop take in after . 21 apps for selling stuff online or near me in 2023. I ALSO tell them, IF there is NO INTEREST. 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. In fact, handbags are the most in-demand items on the Tradesy site. I havent received the greatest price for my items, but thats made up for with how little effort I can put in. In a wholesale arrangement, all of your expenses and profit have to come out of 50% of the retail sales price. Other consigned items, including but not limited to appliances, electronics and tools, must be in good working order. When the payouts from other second-hand shops would be tiny, I prefer to just donate those items. Do I think youre getting the best for your money? Time-saving convenience. YOU 'gotta hope you can LOCATE it in 'storage'. Some of the items that they didnt accept had never even been worn but they said they were dirty or had too much wear. Based on the 75% consignment, your proceeds are $112.50 . There are many quality, reputable consignment shops that can give you quick cash for your used items or slow cash in the hopes of earning more for the stores that pay upon purchase. 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. How can you make the most of your Stuff Etc consignment relationship? Watch these brief how-tos for a quick overview. After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. Please use this reference guide when preparing your consignment items for drop-off or pick up. I actually loved ThredUPs old system. Quality Consignment Stores has grown from a small secondary shop in Iowa City to a well-recognized chain with seven stores across the state. How it works for the seller (or in this case, donater). Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Especially Savers. In December of 2005 we opened a second Cedar Rapids store on the east side. The clothing resale platform Poshmark takes just 20% of every sale or $2.95 for any sale under $15. If the bicycle doesnt sell, then you take your items home for no charge. In 2003 we decided to venture into the Cedar Rapids market. A few weeks later, the shop owner calls to let you know that they were able to sell the bag for $150. Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. You can find all the latest home dcor and furniture styles plus dress the entire family in the brands you love. 2818 Commerce Drive Most furniture consignment shops' percentage is either a 50:50 or 60:40 split in favour of the consignor (the item's owner). You receive $10. Some only buy designer labels, others could care less about labels, and others that only shop the clearance racks. Is it in style? A fair consignment percentage ensures both you and the shop owner are profiting with the sale of one of your products. The shop offers a consignment percentage of 75% for designer items. Any profit made from these sales is used to fund operations of the charity, and also to support the general mission of the underlying charity. 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. Items sold for less than $1000.00: 50/50 split of the final sale price. There are some scenarios (like donating an old car) where the tax-deductible receipt is a lifesaver, but I rarely actually use it. If you agree, then theyll pay you from the cash register. Price their donated items?? In general, stores split the sales anywhere from 50/50 to 40/60 or . I personally assume that the margins in astronomy products are pretty high as it is a niche market. . Looking for something new to do? Corporate Office 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.
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