Id have rather donated in my community as well! If its furniture you want to drop off, well thats really easy too! Quality Furnishings and Housewares. There are actually several nationwide chains that resell goods under pawn-shop policies, like Half Price Books and Platos Closet. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. However, there has been a rise in ecommerce-based consignment shops over the . Its a highly trafficked store, and very close to us. As such, other consignment sites like Poshmark and Mercari may be a better deal 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. Considering both the consignors and buyers as our customers, everything we do at Stuff Etc is focused on complete customer satisfaction. Some items that are BIG SELLERS for Stuff Etc are athletic wear, home decor and furniture. Bring your best items! I get store credit and whenever we need something for the kids, we go there b/c we always have store credit. See what employees say it's like to work at Stuff Etc. Newspaper spaces can cost $15 or more for an ad, while the online marketplaces can cost $1. When the payouts from other second-hand shops would be tiny, I prefer to just donate those items. Answer: We absolutely do! Listings can be easily shared on social media - and the app allows you to track your sales. Our years of experience have given us a great idea of what sells, and what doesnt. | Retro Metro, When you relinquish ownership of the physical possessions, Whether someone helps you sell your items. 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. Please use this reference guide when preparing your consignment items for drop-off or pick up. We live in Taylor, Mi. Buffalo Exchange is an example of a brick-and-mortar consignment clothing shop that now offers online, mail-in sales. They find stores like boring. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. Two weeks later we found out the business closed their doors due to bankruptcy. Thank you! I had an experience with a consignment shop that was not a good one. Hello, thank you for this article. Every time I take them into consignment or pawn shops, I get offered quarters for nice 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. Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. 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. The highest should be 20%, but many will reduce that to 10%. In some cases, you are paid a fixed sum upfront for any items the consignment store accepts. Half of my clothing were passed on because they were to old. 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. The most popular online social media networking site includes several ways to buy and sell items on Facebook. In fact, handbags are the most in-demand items on the Tradesy site. I would have gladly donated them to a family in need instead of lining the pockets of a scammy corporation. If you sell your clothes to a consignment shop, you'll probably make significantly less money than you could if you opted to sell your clothes from an online marketplace like Poshmark, eBay or Mercari. How can you make the most of your Stuff Etc consignment relationship? Get monthly news, updates and promotions from our Stuff Etc locations. This is per item and paid to me, by seller. What is really upsetting is the amount of really good items they simply CRUSH, and throw away in huge garbage containers!! Answer: Its easier than most people think. Ive been on a donating kick myself. How consignment works & 5 tips for selling on consignment Make EVERYONE feel special and welcome. When you visit the store, the items will have an identification code on the tag to identify which account gets credit for the sale. Draw up a contract outlining the terms . Common Consignment Percentages. Online reputation can be a good indicator of what to expect at that consignment shop. In spite of the lousy location for retail, our business started to grow. It varies from state to state. What Is Consignment? Consignment Meaning and Trends - Shopify | qazwilson, Pingback: How Can I Sell My Homemade Stuff? ThredUp - Sell your kid's clothes to ThredUp. 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). 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. Shop Stuff Etc Coralville - shopstuffetc What Should I Do If a Domain Name Is Already Taken? If so, show us your military ID and you can save 10% on all full priced items everyday at Stuff Etc. Many consignment shops offer store credit at a higher percentage than if you accept cash. A few weeks later, the shop owner calls to let you know that they were able to sell the bag for $150. The company bills itself as The Selling App, a place for users to list items for sale that they no longer want or use. 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. In other words, a consignment sale is an agreement in which a third party is entrusted with selling goods on behalf of the owner. Monday Thursday Stuff Black Bag Savings! Consignment is an arrangement in which goods are left in the possession of another party to sell. You dont have any control over how much your item sells for. Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office I take childrens stuff to the consignment shop down the street 2 to 3 times a year though. My consignors do well at my store and keep coming back with more items. They set their own terms for how their consignments work, so its important to research the store policies before committing. Ill have to resist the temptation to look through that whole bicycle catalog. 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. In 2000, we decided to add a second location. I personally assume that the margins in astronomy products are pretty high as it is a niche market. 12. We never heard from them again. Decide how much you want to charge your consignors for selling their items. 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). Established in 1985. It depends on your situation. 30-item limit. In 2000, we decided to add a second location. They arent crazy about consignment shop that only sell high end clothing. Fun, fun, fun ! Consignment arrangements typically are in effect for a set period of time. We rented a 21,000 square foot space on the west side of Cedar Rapids. Please note that individual stores may vary at the managers discretion and this is not intended as a comprehensive list. Were celebrating our anniversary this month. Many of the most popular consignment shops specialize in reselling fashion, such as clothing, shoes, jewelry, and more. I found this entire article to be full of misinformation. Theres an incredibly large inventory. 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 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. Its easier for us to help you BEFORE you leave the building. This is the route that allows me to get the most money out of my used crap, most efficiently. Revenue is usually split 60 percent to the store and 40 percent to you, although everything is negotiable. The consignment shop pays you a flat rate, upfront. Totally worth it! One of these days I will do it and might even blog about it, lol! If your product is a "hot" item or helps drive extra traffic to that retailer, you can . Im in the process of starting my own online consignment store. STUFF ETC - 19 Photos & 14 Reviews - 851 Hwy 6 E, Iowa City - Yelp However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. Tradesy. So from March to June we are accepting summer merchandise. Sunday11am 5pm. If you agree, then theyll pay you from the cash register. 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. Find your style at Stuff Etc Coralville! A free inside look at company reviews and salaries posted anonymously by employees. Any money they make by selling the donations theyve accepted is used to fund the mission of the charity that owns the non-profit. It started out by cleaning out my basement and selling through resale sites on line. This definition encompasses both thrift stores and consignment shops, which are very different types of business. Then, Lord forbid it SELLS after x time. This increased our space to 3000 square foot (as seen here). Technically it's not a consignment shop, but you can find gently used clothing and accessories for a pretty good deal. While there nominal fees for placing your ad in a newspaper, magazine or online marketplace, its usually smaller than consignments or pawn shops. No flow charts or diagrams needed, promise!! In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. Jewelry Consignment Percentage - Jewelry Making Journal is our area's consignment super store where you can count on brand names at re-sale prices! Great list! Stay-at-home mom divorce: Follow these 3 steps to prepare . The payouts decline from there, with rates dipping to as low as 40% for any item less than $145. It involves jewelry, ripped-off cell phones and wrought-iron bars. 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. A few reasons why consigning could be a good idea for you: Reach a larger audience of potential buyers willing to pay. Your email address will not be published. Do I think youre getting the best for your money? Tradesy. You can also choose to accept store credit for a larger sum. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. I get all types of people from wealthy, middle class, to those less fortunate. The owner keeps ownership of his item until it sells, if it sells. I have a very stereotypical picture of pawn shops. I cant understand this insanity. There can be extra costs such as transportation fees, photograph fees, reserve fees, and buyback fees if the item is unsold because of a reserve. Also, donating can be pretty huge if you are already itemizing your deductions. Stuff Etc. The consignment store pays you a percentage of the sale price of your item if and when it is sold. However, in general, most consignment stores have fairly slim profit margins - often around 10-20% . 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! Next, look at reviews, which should have experiences from both buyers and sellers. 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. Once you accept the offer, the dealer will handle all the financing and paperwork to transfer the RV title for you. Selling your stuff second-hand is a great way to clear out your house and pocket some extra cash. They are intense, because hundreds of people will be thumbing through the items throughout the weekend. Demand for your item. It certainly didn't start that way, nor was it ever conceived that it would grow so dramatically. People love to talk about themselves.so listen to them. I only payout in cash. 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. I also sell on eBay with kids coats, kid shoes, and video games which sells well on there. Start your Stuff Etc Consignment experience now! The percentage of the sale that consignment shops vary depending on a wide variety of factors, such as the item, season, and overall sale trends. They buy your gently used mens, womens and childrens clothing and accessories with a premium if you choose store credit. For example, you consign a childrens bicycle for $20. Just drop it off and get something for it.What is the name of the place you go to? There are some scenarios (like donating an old car) where the tax-deductible receipt is a lifesaver, but I rarely actually use it. While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. Don't undersell yourself or . Corporate Office Each Stuff Etc store takes the last 2 years style of clothing and accessories. This can be a great way to get the most for your money at your easiest convenience! Calculate A Fair Consignment Percentage. The pro to a classified ad is that you have more control over your item, but that also means you have more decisions to make and more responsibilities to get it sold. Selling for others on commission - Help - The eBay Community Making sure they were clean, recognizable brand names and called the store to check what they were accepting. Any final sale on items from $31 to $60 means a $30 commission for the company. 906 E 1st Street. Like ThredUp and Poshmark, Mercari is an online consignment shop. There are two consignment options physical shops and weekend sales. Stop by a Stuff Etc store todayand see how we fit your style. An item costing a retailer $5 with 200% markup would retail for 5 + 5*2 . If you are starting your own thrift store do you have to collect and pay sales tax? You then collect a percentage of sales once per month. No, not really. As long as the item is in excellent condition, I will sell it. Sale Price x Consignment Percentage = Consignor Proceeds. Facebook. All items include a $3.50 listing fee. Overblown? Weve purchased furniture in the past second-hand and havent had a problem, but I wonder if you have any thoughts on this? In 2003 we decided to venture into the Cedar Rapids market. 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. What Percentage Do Furniture Consignment Shops Take? that have already been owned and used. 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. On a $100 sale with a 40% consignor share, the payout should be $40, so 40/100 = .4 or 40%. 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). They accept an item for consignment and then pay the original seller a percentage of the sales price if and when the item sells. How Much Should I Pay Retailers for Selling My Product? Just let our register associates know you qualify for the Senior discount. . You can find all the latest home dcor and furniture styles plus dress the entire family in the brands you love. Accepts some online sales and drop-offs. 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. . And we are going to start it today NOT February 1st! Storage. Ive even heard customers ask other customers where our bathrooms are. Consignment is NOT your regular retail job! Something is very suspicious with their operation. Thank you! In a wholesale arrangement, all of your expenses and profit have to come out of 50% of the retail sales price. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. Its mind blowing. Its unfortunate that it gets a bad reputation based on the ignorance and limitations of someone personal experience. Where to Sell Your Antiques and Collectibles? - Antique HQ According to the site, there are more than 100 million items for sale on the platform, which consists of more than 60 million community members. The negative posts are definitely discouraging, but its great to know that you can be successful! 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 .!!! handbags, furniture, etc.) Although with Craigslist, Ive been negotiated down alot (that time i sold my xbox and all my games for $90 bucks because the buyer didnt bring enough money even though he had agreed to my listed price prior.. i was naive and didnt know that this is a common excuse people gave to sellers while buying through craigslist). . Other consigned items, including but not limited to appliances, electronics and tools, must be in good working order. However, the consignee has the right to return unsold goods back to the consigner. Accepts some online sales. The shop can take anywhere from 30% to 60% of the profits, so make sure you negotiate! 2818 Commerce Drive What is the different between a consignment store and a thrift store? We have current openings on our sales floor, processing and pricing areas. And we are going to start it today NOT February 1st! How can find out what year/season the garment was made? . More about Emma's credentials. Consignment sales are short, but intense events. Its been 38 years, Iowa!! 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. Classified ads are the alternative to the standard second-hand shop. Suppose you take a designer purse to a local consignment shop. This portion is called the "Consignment Percentage" or "Consignment Fee". 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. Similar to Platos Closet, Buffalo Exchange is a clothing consignment brand with locations throughout the United States. The store only accepted garments made within the last three years. We used Its Deductible (by Quicken/Turbo Tax) to track and value our donations. Bring them to us!! Anyone 55 or older can save 10% on all full priced items every Wednesday at Stuff Etc. Now that you know please share the knowledge next time someone asks you! Stuff Etc has an overall rating of 2.6 out of 5, based on over 25 reviews left anonymously by employees. We rented a 21,000 square foot space on the west side of Cedar Rapids. Stuff Etc Reviews: What Is It Like to Work At Stuff Etc? We accept items on a seasonal basis. Mercari is an online consignment shop where you can sell various things - from unwanted clothes to electric guitars. One last tip. I own a consignment shop that sells everything and everything. uilding with a bar and a sheet metal shop. The week before the sale, youll prepare your items with tags specific to your sale (most sales have a website with full information). For example, you want to sell baby clothes. The percentage share of the retailer ranges from 25 to 50 percent, depending on the store and the type of merchandise. The fee depends on distance, item, etc. Consignment shops are locally owned businesses with a mom-and-pop feel. Always be happy and talkative. Some even let you sell your clothing back to the store in exchange for cash or store credit. Hopefully these tidbits will help you decide which second-hand marketplace is the best option for you. | Retro Metro, Pingback: Sell your shit and free your mind. We dont have a lot of pawn shop style places for clothes around here, but we have lots of consignment shops for womens clothes and childrens items. If you are going to open a consignment store, do NOT limit the type of consignment accepted. Make sure your items are clean, in working order and all pieces are included. You can expect to be charged a 25% to 60% commission, which the shop collects as its profit. I accept designer clothing from Old Navy type of brands. Consignment shops typically operate in one of two ways: While consignment shops are for-profit businesses, thrift shops are typically non-profit organizations run by charities. Or are you wanting to really recoup as much value out of it? Check the search bar in FB with your neighborhood or city name followed by yardsale to join a group in your area! We downsized to a smaller apartment last year and our stuff has been piling up with no where to go. And Half-Price Books doesnt market itself as a pawn shop. I'm just posting to clarify for other readers, not just 'picking'. Ankeny | Stuff Etc All eBay /PayPal fees associated with selling the item are to be paid by me. 69 Sites To Use For Selling Your Stuff Online - Real Ways to Earn Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. Some of the items that they didnt accept had never even been worn but they said they were dirty or had too much wear. eBay Consignment | Danna Crawford, eBay Power Seller Jewelry Consignment Percentage by: Rena. 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! There are some items that we just can't take for consignment at Stuff Etc. My wife and I are considering starting our own resale/thrift store. (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! Totally worth it! Its an awesome set up. I havent received the greatest price for my items, but thats made up for with how little effort I can put in. Craigslist is creepy, so I dont sell on that site. 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 you're ready for something new. That is what I currently continue to do, but there are so many things that might(yesI said might) move better in a store. A fair consignment percentage ensures both you and the shop owner are profiting with the sale of one of your products. Household items must be clean and in working order. You might also consider donating your old appliances to a charity or local thrift store if you are unable to sell them. I sell a lot of my stuff to secondhand young adult stores. Military Discount:Are you currently in the military or a vet? You're providing a valuable service. Furniture accepted everyday of the week during store hours with no appointment needed. Answer: Stuff Etc is seasonal and to stay competitive with all other retailers we take what you see at your mall. The Best Online Consignment Shops. But unless you make a decent amount on any given sale, you could potentially make nothing. With some apprehension, we rented an 8,000 square foot space in Coralville. Create your store. The most important thing to know about consignment sales is that they are only worth it if you have a large selection of things to sell. 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. 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. You can be fashionable on a budget! Some shops offer you higher percentages if you take in-store credit instead of cash. It was very informative. Each Stuff Etc store takes the last 2 years style of clothing and accessories. I regularly donate my baby clothes to local shelters (obviously, not a second-hand shop, but a non-profit). Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM. Review the list of stuff we do not accept. What percentage do most consignment shops take? Thank you so much Courtney Baker for this VERY useful article, and thank you klp. Ankeny, IA 50021. Online Consignment Account | Stuff Etc They have yard sale sunday and you can post stuff for sale on Sundays only. What's a Fair Consignment Percentage? (How To Negotiate an Increase) 2023 Wealthysinglemommy.com, Single Moms: Date, parent and make money like a mother.
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