Sale Price x Consignment Percentage = Consignor Proceeds. Mary Sundblad started Stuff Etc in 1985 in a . You have no idea how long I have searched for ideas on how to get rid of my stuff and make a profit. Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. Technically it's not a consignment shop, but you can find gently used clothing and accessories for a pretty good deal. 21 apps for selling stuff online or "near me" in 2023. . A 20% gross profit for a retailer would be reduced to probably less than a 5% net profit. I blog about all the amazing stuff I find to show people how amazing thrift stores can be! 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! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Privacy Policy & Terms | If this is more up your alley just give us a call to schedule an appointment. Stop by a Stuff Etc store todayand see how we fit your style. Ive read a couple articles recently about bedbug infestations and the hazards of Craigslist or second-hand purchases. Its unfortunate that it gets a bad reputation based on the ignorance and limitations of someone personal experience. Click on the following links based on the store your account is located. Mercari is a resale app that features everything from men's, women's, and children's clothing to electronics and sports equipment. So from March to June we are accepting summer merchandise. Also, the dealer may be a poor credit . They buy gently used clothes and accessories for teens and young men and women. Now it's time to figure out the details. If its furniture you want to drop off, well thats really easy too! To get started with consignment you can read the resources we have online, then find the Stuff Etc store nearest you. While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. 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. Corporate Office Seems so wrong. ThredUp. Some shops offer you higher percentages if you take in-store credit instead of cash. Profit Splits. She in turn earns her 50% of the retail sales price when an item is sold in her shop. ThredUp is an online consignment and thrift shop that features women's, kids', and maternity clothing along with shoes, handbags and accessories. See what employees say it's like to work at Stuff Etc. 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. It involves jewelry, ripped-off cell phones and wrought-iron bars. If 1 tote just isnt enough then we do have the option for an appointment, which allows you to drop off 2 totes. Its standard to earn 60% of the sale price as a base rate on your sold items, but youll also pay a $10 to $15 entry fee. We never heard from them again. 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. Draw up a contract outlining the terms . 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!) Search for a Buffalo Exchange in your city. If your item doesnt sell within that period, some shops will discount the item (by say, 30%), or you will need to pick it up. The energy is high, and you can expect to see shoppers cars packed to the brim! In other words, the supplier entrusts . 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. They have yard sale sunday and you can post stuff for sale on Sundays only. I would have gladly donated them to a family in need instead of lining the pockets of a scammy corporation. Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). You can read more about this in one of my earlier post Finding the Right Auction House to Sell Your Antiques. Pays cash. Consignment is NOT your regular retail job! Have you gotten your Early Bird Ticket yet? thats my opinion cuz for being a non-profit they sure be making a hell of a lot of money knowing they are millionaires nd probably donate maybe 0%-30% to whatever foundation they are claiming they are raising money for. ThredUp is a leading online consignment store for womens and childrens clothing. 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. Similar to pawnbrokers or pawn shops, consignment shops sell secondhand items on behalf of the original owner, who receives a percentage of the selling price. Usually, the consignment store chooses how to display and price your item. Id have rather donated in my community as well! She doesnt charge a percentage, but people always give her one out of courtesy for hosting. 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. The Man Vs. Debt Kickstart Your Money Free Resource Kit, Unautomate Your Finances: A Simple, Passionate Approach to Money, How Can I Sell My Homemade Stuff? Is it better for you to just be done with it? You own the product, in their shop, and are responsible for stocking the store shelves. Carousell is a platform that allows users to sell electronics, fashion, and even properties! I do think theyre better than consignment shops. The highest should be 20%, but many will reduce that to 10%. 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 items no longer belong to you. However, the consignee has the right to return unsold goods back to the consigner. ThredUp - Sell your kid's clothes to ThredUp. Think you could answer our 5 most commonly asked questions? I personally prefer a consignment sale over a consignment shop, because I get immediate results. When we moved from Arkansas to Texas, we left the baby bed my son had outgrown with a consignment shop. 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. Ive learned how to quickly write ads, to know which marketplaces to sell different items in, and how to handle interested buyers. Were celebrating our anniversary this month. Save 10% on all ne twitter.com/i/web/status/1, We all have that pile of plastic bags we dont know what to do with! 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. Bonanza is a website that allows you to list your household items for a fee. You feel good about yourself while increasing your tax deductions, and they place your items on their shelves. Here's a list of what to cover: Inventory. 2818 Commerce Dr, Coralville, Iowa, 52241, United States. Get monthly news, updates and promotions from our Stuff Etc locations. Selling on consignment can vary in details depending on where you sell, but the gist is this: If your item does not sell, or does not sell within an agreed-upon time, typically you can get it back. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. What is the different between a consignment store and a thrift store? In spite of the lousy location for retail, our business started to grow. When the share is less than expected, just inquire as to why. 21 apps for selling stuff online or near me in 2023. If you can get 70% to the artist, 30% to the shop, that split is also sometimes done. The Best Online Consignment Shops. Some items that are BIG SELLERS for Stuff Etc are athletic wear, home decor and furniture. I cant understand this insanity. For example, you want to sell baby clothes. Create your store. Ivy, Your email address will not be published. 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. We have eight Stuff Etc locations! YOU 'gotta hope you can LOCATE it in 'storage'. The negative posts are definitely discouraging, but its great to know that you can be successful! 2818 Commerce Drive I hadnt really thought of Half Price Books or Once Upon a Child as pawn shops either but they definitely fit the mold, lol. 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. The consignment store pays you a percentage of the sale price of your item if and when it is sold. Why Consign your Quality Used Clothing or Housewares with Stuff Etc? Answer: Stuff Etc is seasonal and to stay competitive with all other retailers we take what you see at your mall. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Plus, I love the frenzy, which would be an absolute con for several of my girlfriends! Don't underestimate the importance of the service you provide . Can the consignment shop resell it quickly, for a high price? In 2003 we decided to venture into the Cedar Rapids market. It's good to set a minimum price that you will not go below. Corporate Office Pays cash. Each Stuff Etc store takes the last 2 years style of clothing and accessories. Join us April 15 & 16 for ou twitter.com/i/web/status/1, Stuff Etc WATERLOO now carries bed in box mattresses! This is the route that allows me to get the most money out of my used crap, most efficiently. But unless you make a decent amount on any given sale, you could potentially make nothing. Hopefully these tidbits will help you decide which second-hand marketplace is the best option for you. There are also online furniture consignment platforms such as Everything But the House, Chairish, and 1stdibs. Join us April 15 & 16 for ou twitter.com/i/web/status/1, Stuff Etc WATERLOO now carries bed in box mattresses! Some only buy designer labels, others could care less about labels, and others that only shop the clearance racks. Before you start consigning or selling jewelry, you should know what you have. 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. On a $100 sale with a 40% consignor share, the payout should be $40, so 40/100 = .4 or 40%. Sellers use the platform to list items for sale, which buyers then browse. Stuff Etc is dedicated to providingconsignorsthe best return on their merchandise, while providing buyers with quality, low cost shopping. Remember, all these businesses share a desire to purchase high-quality, clean items in good condition that are currently in style. Consignment is an arrangement in which goods are left in the possession of another party to sell. I also post a lot of stuff for sale on a local moms yahoo group. for these links. They usually pop up for a weekend, 2 to 4 days, in random vacant spaces. Your item will have a harder time standing out, but there are literally hundreds of shoppers ready to load up their cars. Salaries, reviews, and more - all posted by employees working at Stuff Etc. Pingback: How Can I Sell My Homemade Stuff? You can also choose to get paid on consignment for a higher percentage (up to 70%, vs 30% if you choose cash) in the event your item sells. Classifieds also provide a marketplace for items that are rarely sellable in the other shops, including RVs, collectors items, renovation scraps or items in bulk. Keep yours unique and interesting. Then, once you start consigning, well keep track of all of your sales for that store in your online account. Apr 6, 2010. You can find all the latest home dcor and furniture styles plus dress the entire family in the brands you love. Stuff Etc has an overall rating of 2.6 out of 5, based on over 25 reviews left anonymously by employees. So the coin hammers for $100, Heritage collects $115 and pays the consignor $90. Youll need antique furniture or nearly new high-end pieces. We are so busy in fact, and sell item so quickly that we never stop taking items because we are too full., Perhaps you should mention that your information may only be about the area where you live and not ALL consignment shops. I had an experience with a consignment shop that was not a good one. As such, other consignment sites like Poshmark and Mercari may be a better deal for you. What is Stuff Etc Currently Accepting? That's an extraordinarily high commission rate that makes selling on eBay or Poshmark look cheap by . 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. Not sure what else you can sell? Stuff Etc. Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM. 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. Makes me sick to see babies toys, cloths, little shoes, high chairs, and TONS of housewares, curtains, furniture etc.. thrown in trash. Online consignment typically pays via Paypal, check or bank transfer. Items sold for less than $1000.00: 50/50 split of the final sale price. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. 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. 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. Due to this, consignment shops will typically carry higher quality or nicer items than thrift shops will. Poshmark reviews 2023: Is selling on Poshmark worth it? 2818 Commerce Drive A few reasons why consigning could be a good idea for you: Reach a larger audience of potential buyers willing to pay. 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. . Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. We sold a few childrens dresses at a thrift shop. While there nominal fees for placing your ad in a newspaper, magazine or online marketplace, its usually smaller than consignments or pawn shops. I sell books, pottery, sandwich grills, small furniture, jewelry, and whatever else. Mary Sundblad started Stuff Etc in 1985 in a . We accept items on a seasonal basis. Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). I accept designer clothing from Old Navy type of brands. Ask around or check your local Yelp and Google listings. Thank you! Consignment sales have the opposite problem of consignment shops. There is usually a seller's fee; the average fee is 10-20%. Make sure your items are clean, in working order and all pieces are included. Popular chains of consignment stores include: Platos Closet is a nationwide clothing consignment franchise with locations in 50 states. Just drop it off and get something for it.What is the name of the place you go to? The general consignment process is most likely the same no matter where you go. Ive found these types of shops to be inconsistent in how much they pay you. Staying on top of your Stuff Etc consignment account is easy - check your account status online anytime. Thankfully, there are quality buyback businesses, including some in your town, as well as reputable online sites. 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. All the risk falls on the store. Do I know anyone whos successfully used this platform. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. 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). Fun, fun, fun ! In any case there will be a margin on the product. Is it in style? I had done it under what I think was their earlier system you ship a box directly to someone and it was a huge loss for me. I found this entire article to be full of misinformation. Great list! Platos closet isnt considered a pawn shop but a resale shop. If there was a Stuff Etc trivia game, how well do you think you would do? Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. I take children's stuff to the consignment shop down the street 2 to 3 times a year though. I also sell on eBay with kids coats, kid shoes, and video games which sells well on there. Have you had any success with consignment shops? We use thrift stores and charity pickups all the timethe tax savings typically netted us as much as the other options without the headache. Something is very suspicious with their operation. In general, the going rate for eBay consignment is 20 to 40 percent of the end sale price. Carousell. If the item is less valuable or a consignment shop has already turned you down, then a thrift shop will likely be willing to accept it as a donation, which will be better than the item ending up in a landfill. I always felt like it was safe meeting people in a public place with buyers and sellers from Facebook . Make money/save money with consignment. All items include a $3.50 listing fee. Consignment goods are typically sold through consignment stores, which receive a percentage of the sale revenue (sometimes a very high percentage) as a commission. 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. This can be a great way to get the most for your money at your easiest convenience! Several people put their items in the sale with their names marked. Sell broken appliances to a recycling center for scrap or list them on eBay. Common Consignment Percentages. Required fields are marked *, Notify me of followup comments via e-mail. 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. My personal favorite is thrifting. One of these days I will do it and might even blog about it, lol! Ive seen them in strip malls, hotel conference rooms, and school gymnasiums. In season? But like Courtney said now I know! 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. Swap.com - This is one of the top-rated online consignment stores. The answer to the question of how much cash you can make from consignment shops depends on: First, you can use our tool below to help you find a consignment store near you. I sell a lot of my stuff to secondhand young adult stores. I get store credit and whenever we need something for the kids, we go there b/c we always have store credit. Today I just put the right words in the search engine. Stuff Etc Profile and History. 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!).
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