stuff etc consignment percentage

Specialties: Stuff Etc is a consignment service operation that is dedicated to providing consignors the best return on their merchandise, while providing buyers with quality, low cost shopping. Hi Janine, In my experience the most common jewelry consignment split is 60% to the artist, 40% to the shop. Its hard to turn a profit with five smaller items and a $10 entry fee. First, users can list their items on Facebook Marketplace. In 2000, we decided to add a second location. In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. Stuff Etc is dedicated to providingconsignorsthe best return on their merchandise, while providing buyers with quality, low cost shopping. Corporate Office In December of 2005 we opened a second Cedar Rapids store on the east side. 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. They may never sell the clothes, but it doesnt affect your payout. Half of my clothing were passed on because they were to old. Required fields are marked *. A fair consignment percentage ensures both you and the shop owner are profiting with the sale of one of your products. The jack up the prices way too high, instead of lowing prices, they smash, crush, and trash it. We used Its Deductible (by Quicken/Turbo Tax) to track and value our donations. Thank you! However, before you go into consignment, you should take note of the following: 1. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. A 20% gross profit seems very low to anyone operating a business. The difference between each one comes down to: Consignment is when a shop sells goods for an owner. Ask around or check your local Yelp and Google listings. For example, you consign a childrens bicycle for $20. Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). | qazwilson, Pingback: How Can I Sell My Homemade Stuff? 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. 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. Staying on top of your Stuff Etc consignment account is easy - check your account status online anytime. You feel good about yourself while increasing your tax deductions, and they place your items on their shelves. Ive read a couple articles recently about bedbug infestations and the hazards of Craigslist or second-hand purchases. Suppose you take a designer purse to a local consignment shop. You then collect a percentage of sales once per month. In a pawn shop, you relinquish your ownership of your item in exchange for immediate payment. Overblown? An item costing a retailer $5 with 200% markup would retail for 5 + 5*2 . 2818 Commerce Drive They do not purchase the items they sell. 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. But unless you make a decent amount on any given sale, you could potentially make nothing. Owned by parent company Platos Closet, Once Upon a Child is a great place to sell your gently used childrens clothes, especially name-brand items. Two weeks later we found out the business closed their doors due to bankruptcy. Sunday 11am - 5pm. Save my name, email, and website in this browser for the next time I comment. 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. Its been 38 years, Iowa!! All eBay /PayPal fees associated with selling the item are to be paid by me. So, if a pair of Childrens Place pants in their store resells for $7.50, youd earn $3.75 up front. You own the product, in their shop, and are responsible for stocking the store shelves. This fee can go as high as 50%. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. Some even let you sell your clothing back to the store in exchange for cash or store credit. If you agree, then theyll pay you from the cash register. Please use this reference guide when preparing your consignment items for drop-off or pick up. I had an experience with a consignment shop that was not a good one. We rented a 21,000 square foot space on the west side of Cedar Rapids. Review the list of stuff we do not accept. Consignment stores are for profit. If the merchandise sells, the store owner pays you less the agreed percentage and other costs. Some items that are BIG SELLERS for Stuff Etc are athletic wear, home decor and furniture. Now that you know please share the knowledge next time someone asks you! 2818 Commerce Drive The pay isnt horrible (around 30% of what they sell it for). Calculate A Fair Consignment Percentage. 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). Mary Sundblad started Stuff Etc in 1985 in a . 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 ? Facebook. They should sell items as if it were a garage sale a couple bucks- a few cents!!!! You bring your item into the store to be sold during a certain period of time. Ive been googling how I can tell from the label myself, but all I can find is the RN number which is not indicative of the year the actual garment was made. Simply put, if it looks good and tastes great, people will pay for it. Our years of experience have given us a great idea of what sells, and what doesn't. Please use this reference guide when preparing your consignment items for drop-off or pick up. After the sale, you can either collect your items or have them donated on your behalf. Several people put their items in the sale with their names marked. In other words, the supplier entrusts . The shop offers a consignment percentage of 75% for designer items. It might be a fairly inexpensive way to learn how or if a new product will sell. Coralville, Cedar Rapids, Clive & Dubuque Tuesday thru Saturday 10 AM to 7 PM, Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM, Waterloo location accepts consignment Tuesday thru Saturday from 10 AM to 5 PM, Davenport location accepts consignment Tuesday thru Saturday from 10 AM to 5 PM, Ankeny location accepts consignment Tuesday thru Saturday from 10 AM to 5 PM, Consignors may bring in one 15 gallon bag or box, Unaccepted items will not be given back to consignors, Unaccepted items can be returned to the consignor; must pick up within 48 hours after receiving item list email. 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. Our years of experience have given us a great idea of what sells, and what doesnt. 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. Have had success with both. . By comparison I cleaned out my closets and have already made $200 with far fewer items from Facebookseriously check it out! It's a win win when you shop resale! 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. If you can get 70% to the artist, 30% to the shop, that split is also sometimes done. We can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! My children are 10 6 and 4 and thats exactly what I want to do. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. Create your store. Consignment is NOT your regular retail job! Online consignment typically pays via Paypal, check or bank transfer. 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. 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. is dedicated to providing consignors a stress-free process while giving the best . I own a childrens consignment store and we are very busy and have a few thousand consignors. While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. I give the consignors cash and 99 percent of the time they take the money and buy something in the store with it. 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. Accepts some online sales and drop-offs. etc. Located at 2818 Commerce Drive, Stuff Etc Coralville is your one-stop destination for all your consignment needs. Check our consigning calendar to see when your items are accepted. All battery-operated items must have working batteries in them. For example, if you bought a $20 toy for your child, then it should be priced at $6 to $10 . Phone: 515-964-4444. This is the route that allows me to get the most money out of my used crap, most efficiently. As the owner, youd pay a small fee to the shop as compensation for them selling your item. Profit Splits. Your Guide to Consignment Shop Ownership, Consignment Shop Confidential: Short Stories from a Ladies Consignment shop, What You Need to Know When Starting a Retail Store: Tips to First-time Retailers, Cost and Expenses of Starting a Shoe Retail Store Business (Part 3), Keys to Success in the Clothing Retail Business, Starting a Specialized Clothing Retail Store Business, How to Succeed in the Shoe Store Retail Business, How to Sell More Online: 40 Tips for the Small Online Entrepreneur, The Best Managers & Team Leads Will Have These 7 Qualities, Professional Services That Save Your Business Money, 6 Low-Cost Business Ideas for Entrepreneurs on a Budget. Ive been using Craigslist and Amazon.com for secondhand sales. Good post! However, the consignee has the right to return unsold goods back to the consigner. 2818 Commerce Drive Established in 1985. At its most basic, it simply refers to a venue that specializes in selling items (like clothing, shoes, handbags, furniture, etc.) 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. Im in the process of starting my own online consignment store. 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. Once you accept the offer, the dealer will handle all the financing and paperwork to transfer the RV title for you. Sell broken appliances to a recycling center for scrap or list them on eBay. Each Stuff Etc store takes the last 2 years style of clothing and accessories. Staying on top of your Stuff Etc consignment account is easy check your account status online anytime. People post a picture and price of their item, people comment interested or Next (for next in line) if they would like to purchase. 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. Making sure they were clean, recognizable brand names and called the store to check what they were accepting. 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. We have current openings on our sales floor, processing and pricing areas. Make money/save money with consignment. Click on the following links based on the store your account is located. The company bills itself as The Selling App, a place for users to list items for sale that they no longer want or use. 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. In my opinion this article incorrect. 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. As such, other consignment sites like Poshmark and Mercari may be a better deal for you. 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. If your product is a "hot" item or helps drive extra traffic to that retailer, you can . Considering both the consignors and buyers as our customers, everything we do at Stuff Etc is focused on complete customer satisfaction. The highest should be 20%, but many will reduce that to 10%. Please note that individual stores may vary at the managers discretion and this is not intended as a comprehensive list. Theres an incredibly large inventory. 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. Its a highly trafficked store, and very close to us. In a wholesale arrangement, all of your expenses and profit have to come out of 50% of the retail sales price. (Some places do charge a small activation or consignment fee.). If I gave them a check or used paypal, that wouldnt happen. 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 .!!! For the longest time, I misunderstood the world of second-hand shops. Thanks guys. 21% of employees would recommend working at Stuff Etc to a friend and 12% have a positive outlook for the business. 50% to the retailer. I always wanted a run down on consignment shops. Salaries, reviews, and more - all posted by employees working at Stuff Etc. For example, if one item sells for up to $30, Everything But the House earns 100 percent in commission. Apply today! Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. Iowa City, Coralville, Cedar Rapids, Waterloo, Davenport, Ankeny, You might use consignment selling for market testing. Stop by a Stuff Etc store todayand see how we fit your style. I wonder if those who donate to this store realize if items dont sell within a month, they get trashed. In some cases, you are paid a fixed sum upfront for any items the consignment store accepts. 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. Consignment shops are for-profit businesses which specialize in reselling items. Answer: Yes, we do! eBay Consignment Fees. 2818 Commerce Drive 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. Our first storefront in Iowa City was . Thankfully, there are quality buyback businesses, including some in your town, as well as reputable online sites. Poshmark is an online consignment shop, similar in many ways to ThredUp and Mercari. I have found Facebook Yardsale sights to be the very best for selling stuff. I will say that you should NEVER under any circumstances send clothing to ThredUP.com! 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! 3. We can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! What is Stuff Etc Currently Accepting? 21 apps for selling stuff online or "near me" in 2023. . Mercari is an online consignment shop where you can sell various things - from unwanted clothes to electric guitars. 2818 Commerce Dr, Coralville, Iowa, 52241, United States. Before you start consigning or selling jewelry, you should know what you have. Now it's time to figure out the details. And we are going to start it today NOT February 1st! Household items must be clean and in working order. Monday Thursday Stuff Black Bag Savings! 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! Many consignment shops offer store credit at a higher percentage than if you accept cash. How pawnbrokers work and where to find a local pawn shop. See what employees say it's like to work at Stuff Etc. Also, the dealer may be a poor credit . Some only buy designer labels, others could care less about labels, and others that only shop the clearance racks. Buffalo Exchange is an example of a brick-and-mortar consignment clothing shop that now offers online, mail-in sales. 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. In spite of the lousy location for retail, our business started to grow. Hello, thank you for this article. But depending on the shop or gallery, the consignment percentage may be anywhere from 80/20 (80% to the artist and 20% to the shop) to 50/50 (the artist . So the coin hammers for $100, Heritage collects $115 and pays the consignor $90. I love adding to my wardrobe and the thrift store allows me to do so! Bonanza also has a nice feature that allows you to send the items you plan to sell to Google shopping. | qazwilson, How Can I Sell My Homemade Stuff? I take children's stuff to the consignment shop down the street 2 to 3 times a year though. Consign early to get the highest return on your items. Click on the store button to view ourfeatured products from the comfort of your home! Have you gotten your Early Bird Ticket yet? As an apartment dweller its ideal! TheRealReal is another online consignment shop, but this one specializes only in high-end and luxury fashion and takes a 30-50% commission. In 2003 we decided to venture into the Cedar Rapids market. Listings can be easily shared on social media - and the app allows you to track your sales. But like Courtney said now I know! When the share is less than expected, just inquire as to why. The consignment store pays you a percentage of the sale price of your item if and when it is sold. Sellers get paid on a sliding scale. 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. Angela, I totally agree. 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. 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. Markup can be over 100%, but your example was flawed. Tradesy is a peer-to-peer marketplace where you can sell your second-hand luxury designer or high street handbags. After all, if they cant resell it, they cant make a profit! Email address. I say this very lightly; but technically, its 50% of what theyd sell it for. Quality Consignment Stores has grown from a small secondary shop in Iowa City to a well-recognized chain with seven stores across the state. I collected a bunch of clothing from my family to submit to our local consignment store. YOU 'gotta hope you can LOCATE it in 'storage'. I get all types of people from wealthy, middle class, to those less fortunate. organization, etc. Great list! Be a shopper-consignor these savvy individuals know how to make the most of every purchase they make from Stuff Etc or the mall. It turns out there are four types of second-hand shops consignment, pawn, classified and thrift. They set their own terms for how their consignments work, so its important to research the store policies before committing. For clothing, you need to have high-end brands. You can arrange the sale for a public location without them coming to your home! Corporate Office THEY ARE AMAZING! In fact we have a section on our website that shows everything we take year round, no matter what month it is! Bring them to us!! 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. Tradesy. 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.). Think you could answer our 5 most commonly asked questions? We are now accepting your summer items! In 2003 we decided to venture into the Cedar Rapids market. A free inside look at company reviews and salaries posted anonymously by employees. They buy gently used clothes and accessories for teens and young men and women. Price their donated items?? 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. Consignment is an arrangement in which goods are left in the possession of another party to sell. Ive found these types of shops to be inconsistent in how much they pay you. handbags, furniture, etc.) We have eight Stuff Etc locations! 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. Craigslist is beloved, because its a completely free marketplace for selling your stuff.

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