Join us April 15 & 16 for ou twitter.com/i/web/status/1, Stuff Etc WATERLOO now carries bed in box mattresses! Check our consigning calendar to see when your items are accepted. Ive been on a donating kick myself. Any final sale on items from $31 to $60 means a $30 commission for the company. There are some scenarios (like donating an old car) where the tax-deductible receipt is a lifesaver, but I rarely actually use it. Monday - Saturday 10am -7pm. Poshmark is an online consignment shop, similar in many ways to ThredUp and Mercari. Most everything I offer for sale moves quickly and for a good price. However, I think the pawn shop description is wrong. 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. Not bad for for items they no longer wanted or needed! I take children's stuff to the consignment shop down the street 2 to 3 times a year though. Valuing your goods at what you feel they're worth can help you to maintain a low-cost percentage. Stop by a Stuff Etc store todayand see how we fit your style. However, the consignee has the right to return unsold goods back to the consigner. 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! In December of 2005 we opened a second Cedar Rapids store on the east side. In fact, handbags are the most in-demand items on the Tradesy site. The platform accepts most items, as long as they are capable of being shipped. How pawnbrokers work and where to find a local pawn shop. | qazwilson, How Can I Sell My Homemade Stuff? Especially Savers. We are now accepting your summer items! 12. 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. Sunday11am 5pm. 2818 Commerce Drive Poshmark. We live in Taylor, Mi. Is it in style? 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. Click on the following links based on the store your account is located. Corporate Office The Spruce / Ana Cadena. 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. AND dont forget items in the store after 60 days are 50% off and after 90 days they are 80% off. When Poshmark launched, it was originally focused on clothing, accessories, and shoes, but the platform has since expanded to include jewelry, childrens toys, art, and home goods as well. 40-60% of what the store expects to retail the item for is a common range for consignment fees whether you are paid up-front, or upon sale. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. Find your style at Stuff Etc Coralville! What is Stuff Etc Currently Accepting? Some states exempt charities, others tax all resale operations. Start your Stuff Etc Consignment experience now! TheRealReal reserves the right to price and discount your item at will which of course cuts into your bottom line, but may also increase the chances of a sale. Pricing Matters. Sale Price x Consignment Percentage = Consignor Proceeds. Ive been using Craigslist and Amazon.com for secondhand sales. For clothing, you need to have high-end brands. Read on! The Best Online Consignment Shops. Military Discount:Are you currently in the military or a vet? After the sale, you can either collect your items or have them donated on your behalf. 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. Monday Thursday Stuff Black Bag Savings! Any money they make by selling the donations theyve accepted is used to fund the mission of the charity that owns the non-profit. Before you start consigning or selling jewelry, you should know what you have. Your quote may be different on a Tuesday than on a Thursday for no real reason. Always be happy and talkative. But unless you make a decent amount on any given sale, you could potentially make nothing. And we are going to start it today NOT February 1st! Thank you I never thought of resale clothing stores as pawn shops, but technically, they are. 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. They arent crazy about consignment shop that only sell high end clothing. Stuff Etc. How to get rid of junk: 24+ free and cheap junk removal options. 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. The shop offers a consignment percentage of 75% for designer items. 30-item limit. Thank you for your comment! My motto is you know what you might find, and people love that. Make EVERYONE feel special and welcome. The Salvation Army publishes a value guide: http://satruck.org/donation-value-guide. Sunday 11am - 5pm. ThredUp - Sell your kid's clothes to ThredUp. I get store credit and whenever we need something for the kids, we go there b/c we always have store credit. Jewelry stores and antique shops both may purchase your estate and vintage jewelry either for a flat rate or on a consignment agreement. What is the different between a consignment store and a thrift store? 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. The payouts decline from there, with rates dipping to as low as 40% for any item less than $145. Calculate A Fair Consignment Percentage. Stop by a Stuff Etc store today and see how we . Selling your gently used, quality items can be a good idea if: For the vast majority of used clothes, jewelry, household and other items, selling directly to a thrift store, buyback site, or directly to the seller is usually a better deal because it is quick, less work, and you can easily get rid of items you do not need or want. Staying on top of your Stuff Etc consignment account is easy - check your account status online anytime. Theres an incredibly large inventory. A product is created and will cost material and labor to manufacture and is priced in a way that also covers previous R&D costs and profit of the company, etc. Im in the process of starting my own online consignment store. Quality Furnishings and Housewares. A few reasons why consigning could be a good idea for you: Reach a larger audience of potential buyers willing to pay. The highest should be 20%, but many will reduce that to 10%. 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. Looking for something new to do? Your email address will not be published. If the second-hand store is a for-profit business, then they are likely a consignment shop; if they are a charity-run non-profit, then they are likely a thrift store. However, in general, most consignment stores have fairly slim profit margins - often around 10-20% . Your email address will not be published. Several people put their items in the sale with their names marked. Ive even heard customers ask other customers where our bathrooms are. 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. Create your store. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. 2818 Commerce Drive 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 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. The fee depends on distance, item, etc. We accept items on a seasonal basis. I regularly donate my baby clothes to local shelters (obviously, not a second-hand shop, but a non-profit). See what employees say it's like to work at Stuff Etc. 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. To get started,read our consignment guidelines, see whatwere accepting now, or drop off 1 tote without an appointment Tuesday Saturday. What percentage do most consignment shops take? Then, once you start consigning, well keep track of all of your sales for that store in your online account. 2818 Commerce Drive Established in 1985. Each Stuff Etc store takes the last 2 years style of clothing and accessories. 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. Hi Janine, In my experience the most common jewelry consignment split is 60% to the artist, 40% to the shop. I know! Now that you know please share the knowledge next time someone asks you! Be a shopper-consignor these savvy individuals know how to make the most of every purchase they make from Stuff Etc or the mall. You might also consider donating your old appliances to a charity or local thrift store if you are unable to sell them. All eBay /PayPal fees associated with selling the item are to be paid by me. Other consigned items, including but not limited to appliances, electronics and tools, must be in good working order. Bring them to us!! ThredUP accepts women's clothing, purses, shoes, accessories, and maternity wear. Friends in need. eBay Consignment Fees. If I gave them a check or used paypal, that wouldnt happen. They may never sell the clothes, but it doesnt affect your payout. 1. The items no longer belong to you. They accept an item for consignment and then pay the original seller a percentage of the sales price if and when the item sells. Consignment stores pay . 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. 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 . Tradesy. Second, you can list your item in one of Facebook's "Buy and Sell Groups.". 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. The shop can take anywhere from 30% to 60% of the profits, so make sure you negotiate! | Retro Metro, Pingback: Sell your shit and free your mind. 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. A free inside look at company reviews and salaries posted anonymously by employees. Claudines Debt-Payoff Success Story: From Foreclosure to a Mobile Family Business, Sell Your Crap: Download and See Bonus Videos. A few days before the sale, the organizers will open the doors for you to drop off your items. A book will resell for $10, so they pay you $5 for it. Furniture accepted everyday of the week during store hours with no appointment needed. A 20% gross profit seems very low to anyone operating a business. Have had success with both. They find stores like boring. Also, donating can be pretty huge if you are already itemizing your deductions. In season? 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. Seems so wrong. Ive never seen so many play mats, strollers or onesies in one place! While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. 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. is dedicated to providing consignors a stress-free process while giving the best . Mercari. Consignment stores are for profit. Ask around or check your local Yelp and Google listings. . 2023 Wealthysinglemommy.com, Single Moms: Date, parent and make money like a mother. 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. This rating has decreased by -16% over the last 12 months. Determine your stock agreement by discussing how many you're trying to sell per design and at what price. A 20% gross profit for a retailer would be reduced to probably less than a 5% net profit. When the share is less than expected, just inquire as to why. My consignors do well at my store and keep coming back with more items. After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. After a year there, we decided to build a new building on Keokuk St. Their website says that theyll pay you 20-40% of what they are selling it for (which is low to begin with) but I sent in a bag with 80 items in it and they only accepted 8 of them and paid me 10% of what they resold the items for. 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. Have you gotten your Early Bird Ticket yet? Your item will have a harder time standing out, but there are literally hundreds of shoppers ready to load up their cars. Its unfortunate that it gets a bad reputation based on the ignorance and limitations of someone personal experience. Thrift shops are non-profit organizations that sell items they receive via donation. All battery-operated items must have working batteries in them. The 'percentage' is calculated by dividing the payout by the amount of the sale. In 2010, we sold our very first franchise in Waterloo and opened our second franchise in Davenport in 2011. My family is big on yard sales. Pays cash. Its easier for us to help you BEFORE you leave the building. After your item sells, you receive a portion of the selling price, usually 40 to 60 percent (I receive 60). 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). All the risk falls on the store. Having a strong sense of style doesnt mean you have to break the bank when youre shopping! Based on the 75% consignment, your proceeds are $112.50 . Id have rather donated in my community as well! Here's a list of what to cover: Inventory. Stuff Etc Profile and History. I do think theyre better than consignment shops. If you agree, then theyll pay you from the cash register. Considering both the consignors and buyers as our customers, everything we do at Stuff Etc is focused on complete customer satisfaction. I usually bring stuff to my moms house and we have a joint yard sale but were still weeks away from warmer weather. As a warning, though, this type of second-hand selling can also flop if you dont do any research. Thank you! 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? I have found Facebook Yardsale sights to be the very best for selling stuff. So from March to June we are accepting summer merchandise. If you think of boundaries like this, it helps you think clearly in the stressful tasks of pricing and negotiation. 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. Plus, I love the frenzy, which would be an absolute con for several of my girlfriends! And we are going to start it today NOT February 1st! The company will make an offer, and you can accept it or turn it down. Continue to 9 of 10 below. In 2003 we decided to venture into the Cedar Rapids market. 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. The consignment percentage calculator then determines what percentage of the retail selling price should be paid to the consignee as their fee. Generally, it is best to price your items 50% to 70% less than the retail price. Once the salesman has a confirmed offer on your RV, they'll call and see if you accept. I also post a lot of stuff for sale on a local moms yahoo group. Consignment prices; Any area that deals with selling furniture; You need to figure out how your product fits into the current landscape. They are the biggest rip off Ive ever seen. Mercari is an online consignment shop where you can sell various things - from unwanted clothes to electric guitars. Your email address will not be published. Answer: Yes, we do! That's an extraordinarily high commission rate that makes selling on eBay or Poshmark look cheap by . In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. Click here to see list of stuff we dont take. 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. Answer: We absolutely do! We use thrift stores and charity pickups all the timethe tax savings typically netted us as much as the other options without the headache. Profit Splits. Apply today! 50% to the retailer. A few weeks later, the shop owner calls to let you know that they were able to sell the bag for $150. Pingback: How Can I Sell My Homemade Stuff? Poshmark is an app, but you can also use the desktop version to browse through items like clothing, shoes, bags, jewelry, and other accessories. 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. I finally just got frustrated and started packing stuff up to donate. Review the list of stuff we do not accept. Ive seen them in strip malls, hotel conference rooms, and school gymnasiums. 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. Remember, all these businesses share a desire to purchase high-quality, clean items in good condition that are currently in style. People post a picture and price of their item, people comment interested or Next (for next in line) if they would like to purchase. I personally prefer a consignment sale over a consignment shop, because I get immediate results. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. This is per item and paid to me, by seller. 21 apps for selling stuff online or near me in 2023. Not sure what else you can sell? If its furniture you want to drop off, well thats really easy too! Stuff Etc raised a total of $350 K in funding over 1 rounds. My wife and I are considering starting our own resale/thrift store. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. Consignment sales have the opposite problem of consignment shops. ThredUp. It turns out there are four types of second-hand shops consignment, pawn, classified and thrift. 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. I hadnt really thought of Half Price Books or Once Upon a Child as pawn shops either but they definitely fit the mold, lol. I found this entire article to be full of misinformation. Best Online Consignment Shops. Its a highly trafficked store, and very close to us. Auctions are hit and miss. Email address. Online consignment typically pays via Paypal, check or bank transfer. In spite of the lousy location for retail, our business started to grow. It certainly didn't start that way, nor was it ever conceived that it would grow so dramatically. Corporate Office There are some items that we just cant take for consignment at Stuff Etc. handbags, furniture, etc.) If you are starting your own thrift store do you have to collect and pay sales tax? so I have been abit intimidated to take my old clothes in there. 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. They set their own terms for how their consignments work, so its important to research the store policies before committing. Is it better for you to just be done with it? So, if a pair of Childrens Place pants in their store resells for $7.50, youd earn $3.75 up front. If you can get 70% to the artist, 30% to the shop, that split is also sometimes done. Keep yours unique and interesting. For example, you want to sell baby clothes. Answer: Always check for a coupon or scratch card on the Stuff Etc app. Staying on top of your Stuff Etc consignment account is easy check your account status online anytime. It beats selling them at a yard sell or an reselling kids consignment store. Probably not a good retirement family career business? The selling sites on Facebook are worth selling childrens items or what else you want to sell on there to get some extra cash. The division may be less because other fees may have been applicable. I accept designer clothing from Old Navy type of brands. 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. YES, truly this is the most commonly asked question at Stuff Etc! Mercari is a resale app that features everything from men's, women's, and children's clothing to electronics and sports equipment. This is a great option if you want immediate, same-day results and never worry about your crap again. For example, if you bought a $20 toy for your child, then it should be priced at $6 to $10 . As an apartment dweller its ideal! 906 E 1st Street. uilding with a bar and a sheet metal shop. 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. First, users can list their items on Facebook Marketplace. Next, look at reviews, which should have experiences from both buyers and sellers. I always felt like it was safe meeting people in a public place with buyers and sellers from Facebook . I own a childrens consignment store and we are very busy and have a few thousand consignors. This is the route that allows me to get the most money out of my used crap, most efficiently. Consignment goods are typically sold through consignment stores, which receive a percentage of the sale revenue (sometimes a very high percentage) as a commission. You can arrange the sale for a public location without them coming to your home! The consignment store pays you a percentage of the sale price of your item if and when it is sold. You'll have to pay 3.5 percent of the sale prices of your item if it is under $500 and $17.50 plus 1.5 percent if your household item is over $500. It's a win win when you shop resale! Keep in mind, however, that you tie up your funds waiting for merchandise to be sold. With other types of sales, you are paying some of your profit to businesses to get the job done. The jack up the prices way too high, instead of lowing prices, they smash, crush, and trash it. Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). 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 can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! You bring in your tubs of clothes for the shopkeeper to evaluate. If the bicycle doesnt sell, then you take your items home for no charge. 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 ? Household items must be clean and in working order. It was very informative. 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. is our area's consignment super store where you can count on brand names at re-sale prices! Newspaper spaces can cost $15 or more for an ad, while the online marketplaces can cost $1. One last tip. Carousell. I collected a bunch of clothing from my family to submit to our local consignment store. Some even let you sell your clothing back to the store in exchange for cash or store credit. . My question is How does a Thrift store like Savers, Goodwill, etc. 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. Three top designers that are on the hunt of Tradesy shoppers are Louis Vuitton, Chanel, and Coach. Different items may be less desirable in different markets, check with your local store if you have questions about an item. How can you make the most of your Stuff Etc consignment relationship? Check the search bar in FB with your neighborhood or city name followed by yardsale to join a group in your area! Jewelry Consignment Percentage by: Rena. Learn more in our post all about what to do with your used wedding dress. | qazwilson, Pingback: How Can I Sell My Homemade Stuff? Consign early to get the highest return on your items. I wonder if those who donate to this store realize if items dont sell within a month, they get trashed. There are some items that we just can't take for consignment at Stuff Etc. They buy gently used clothes and accessories for teens and young men and women. Also, the dealer may be a poor credit . Weve purchased furniture in the past second-hand and havent had a problem, but I wonder if you have any thoughts on this? In some cases, you are paid a fixed sum upfront for any items the consignment store accepts. This marketplace will advertise your item to anyone in your vicinity. The term second hand store can mean a lot of different things to a lot of different people. We dealt only with children's merchandise and country crafts. I get all types of people from wealthy, middle class, to those less fortunate. It might be a fairly inexpensive way to learn how or if a new product will sell. Totally worth it! Consignment arrangements typically are in effect for a set period of time. What is really upsetting is the amount of really good items they simply CRUSH, and throw away in huge garbage containers!! 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. You can also choose to accept store credit for a larger sum. Overblown? And Half-Price Books doesnt market itself as a pawn shop. Its important to point out that some second-hand shops operate solely based on donations. Selling Online. They have yard sale sunday and you can post stuff for sale on Sundays only. Platos closet isnt considered a pawn shop but a resale shop. Craigslist is beloved, because its a completely free marketplace for selling your stuff.
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