stuff etc consignment percentage

Your email address will not be published. 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. The most popular online social media networking site includes several ways to buy and sell items on Facebook. That is what I currently continue to do, but there are so many things that might(yesI said might) move better in a store. Stuff Etc. Generally, when they sell your bicycle, they take their 50% or $10. The percentage share of the retailer ranges from 25 to 50 percent, depending on the store and the type of merchandise. that have already been owned and used. Do you have a preference or experience finding better deals at thrift shops vs. consignment stores? 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. Always be happy and talkative. 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. Most furniture consignment shops' percentage is either a 50:50 or 60:40 split in favour of the consignor (the item's owner). There are likely luxury consignment shops near you as well. I was completely oblivious to consignments. is dedicated to providing consignors a stress-free process while giving the best . Consignment Hours: Tuesday - Saturday 10am - 5pm. Also, the dealer may be a poor credit . Accepts some online sales. We called the consignment shop a month after we moved and they told us they thought they would be selling it in the next day or two. Our demand for these items is year round . You can read more about this in one of my earlier post Finding the Right Auction House to Sell Your Antiques. At Stuff Etc our bathrooms are always located near our Changing Room areas. 1. Consignment sales have the opposite problem of consignment shops. I only payout in cash. Something is very suspicious with their operation. 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. In 2010, we sold our very first franchise in Waterloo and opened our second franchise in Davenport in 2011. We are now accepting your summer items! Hope it did not get soiled, or, degraded. There is usually a seller's fee; the average fee is 10-20%. I sell my gently used or new clothes at Hut 8 in They except more of my clothes than platos closet. While payouts vary based on the brand, quality, and type of item, Kiplinger reports that upholstered and leather furniture sells best at consignment shops. 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 . Create your store. Mary Sundblad started Stuff Etc in 1985 in a . I sell books, pottery, sandwich grills, small furniture, jewelry, and whatever else. Theyre widely popular for eliminating the expensive middle man. 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. An item costing a retailer $5 with 200% markup would retail for 5 + 5*2 . Due to this, consignment shops will typically carry higher quality or nicer items than thrift shops will. One of these days I will do it and might even blog about it, lol! 21 apps for selling stuff online or near me in 2023. Common Consignment Percentages. If you can get 70% to the artist, 30% to the shop, that split is also sometimes done. We live in Taylor, Mi. Email address. Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. 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. Just drop it off and get something for it.What is the name of the place you go to? However, there has been a rise in ecommerce-based consignment shops over the . Staying on top of your Stuff Etc consignment account is easy - check your account status online anytime. We just ask that all drop offs are done half hour before we close that way we have enough time to process your items correctly. Ive never seen so many play mats, strollers or onesies in one place! With some apprehension, we rented an 8,000 square foot space in Coralville. 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!) In 2010, we sold our very first franchise in Waterloo and opened our second franchise in Davenport in 2011. 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. My children are 10 6 and 4 and thats exactly what I want to do. 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. 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 ? Ive been using Craigslist and Amazon.com for secondhand sales. If there was a Stuff Etc trivia game, how well do you think you would do? You have no idea how long I have searched for ideas on how to get rid of my stuff and make a profit. Such stores may be referred to as vintage clothing stores, antique shops, used clothing stores, or thrift shops. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. Weve purchased furniture in the past second-hand and havent had a problem, but I wonder if you have any thoughts on this? TheRealReal is another online consignment shop, but this one specializes only in high-end and luxury fashion and takes a 30-50% commission. There are two consignment options physical shops and weekend sales. ThredUp will then send you a Paypal payment for the items you sent. The items no longer belong to you. I say this very lightly; but technically, its 50% of what theyd sell it for. | qazwilson, How Can I Sell My Homemade Stuff? If your product is a "hot" item or helps drive extra traffic to that retailer, you can . You can log in to your account whenever its convenient for you and watch your stuff turn into cash! Your search may yield consignment shops that are exclusive to your city, but you may also find national consignment shops near you. 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. 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. 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. 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. Hello, thank you for this article. Stuff Etc is dedicated to providingconsignorsthe best return on their merchandise, while providing buyers with quality, low cost shopping. While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. Military Discount:Are you currently in the military or a vet? 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! 3. . You own the product, in their shop, and are responsible for stocking the store shelves. Quality Furnishings and Housewares. The Value of a Solid Personal Financial Plan, Coronavirus and Working from Home: Small Business Tips On How to Survive the COVID-19 Pandemic, State-By-State Guide to Starting a Business, Wholesale Directory, Merchandise Suppliers and Drop shippers, How to Start a Daycare or Child Care Center: State-by-State Licensing Requirements. 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. I avoid consignment shops as a seller, but love them as a buyer! With some apprehension, we rented an 8,000 square foot space in Coralville. 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. Based on the 75% consignment, your proceeds are $112.50 . A few weeks later, the shop owner calls to let you know that they were able to sell the bag for $150. Sunday 11am - 5pm. Consignment prices; Any area that deals with selling furniture; You need to figure out how your product fits into the current landscape. Im in the process of starting my own online consignment store. In spite of the lousy location for retail, our business started to grow. I collected a bunch of clothing from my family to submit to our local consignment store. Especially Savers. I found this entire article to be full of misinformation. ThredUp - Sell your kid's clothes to ThredUp. My motto is you know what you might find, and people love that. The 'percentage' is calculated by dividing the payout by the amount of the sale. You might use consignment selling for market testing. We rented a 21,000 square foot space on the west side of Cedar Rapids. they are usually local, a little less creepy than craigslist cuz you can look at the other persons profile and no percentage or shipping costs! Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. If I gave them a check or used paypal, that wouldnt happen. 2818 Commerce Drive Carousell. I will say that you should NEVER under any circumstances send clothing to ThredUP.com! The payouts decline from there, with rates dipping to as low as 40% for any item less than $145. 2818 Commerce Drive Theres an incredibly large inventory. They find stores like boring. The pay isnt horrible (around 30% of what they sell it for). Jewelry Consignment Percentage by: Rena. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. My mom passed and my siblings, having watched too much Storage Wars, were convinced we could get $500+ for what was left overfail $200 Thats it. Half of my clothing were passed on because they were to old. Start your Stuff Etc Consignment experience now! I had an experience with a consignment shop that was not a good one. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Its 2014 and I just stumbled across this page but just thought it was a bit misleading about pawn shops. Now it's time to figure out the details. organization, etc. I take childrens stuff to the consignment shop down the street 2 to 3 times a year though. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. In a wholesale arrangement, all of your expenses and profit have to come out of 50% of the retail sales price. Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. Tradesy is a peer-to-peer marketplace where you can sell your second-hand luxury designer or high street handbags. Keep in mind, however, that you tie up your funds waiting for merchandise to be sold. Technically it's not a consignment shop, but you can find gently used clothing and accessories for a pretty good deal. In my opinion this article incorrect. 2. 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). 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. so I have been abit intimidated to take my old clothes in there. More about Emma's credentials. If this is more up your alley just give us a call to schedule an appointment. Instead of purchasing items from sellers to then resell, thrift shops are dependent on donations, which they then sell on to consumers. The shop can take anywhere from 30% to 60% of the profits, so make sure you negotiate! 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. 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. After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. Come to think of it, my mom kind of runs a consignment shop with her yard sale! The consignment percentage calculator then determines what percentage of the retail selling price should be paid to the consignee as their fee. Ive found these types of shops to be inconsistent in how much they pay you. | Retro Metro, When you relinquish ownership of the physical possessions, Whether someone helps you sell your items. Id love to find a place like this. 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. Like ThredUp and Poshmark, Mercari is an online consignment shop. Many of the most popular consignment shops specialize in reselling fashion, such as clothing, shoes, jewelry, and more. Apr 6, 2010. 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. Mercari. Some items that are BIG SELLERS for Stuff Etc are athletic wear, home decor and furniture. Click here to see list of stuff we dont take. At its most basic, it simply refers to a venue that specializes in selling items (like clothing, shoes, handbags, furniture, etc.) In December of 2005 we opened a second Cedar Rapids store on the east side. If you're ready to part with this . Your email address will not be published. The selling sites on Facebook are worth selling childrens items or what else you want to sell on there to get some extra cash. A 20% gross profit seems very low to anyone operating a business. 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 .!!! YES, truly this is the most commonly asked question at Stuff Etc! What Should I Do If a Domain Name Is Already Taken? See what employees say it's like to work at Stuff Etc. Profit Splits. They were able to tell from the label. It takes quite a while to see results from many of these shops, so its not a great idea if you need cash pronto. Its important to point out that some second-hand shops operate solely based on donations. We dealt only with children's merchandise and country crafts. Some only buy designer labels, others could care less about labels, and others that only shop the clearance racks. Check the shop out. It is common for clothing consignment shops to pay modest up-front fees for quality items in good condition. 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. Bring them to us!! 2818 Commerce Drive . Ankeny, IA 50021. Ive seen them in strip malls, hotel conference rooms, and school gymnasiums. Its been 38 years, Iowa!! When the payouts from other second-hand shops would be tiny, I prefer to just donate those items. Consignment arrangements typically are in effect for a set period of time. Those with sales of less than $1,500 will get a 55% commission, while items with an original resale list price below $195 may bring in less. Save my name, email, and website in this browser for the next time I comment. However, the consignee has the right to return unsold goods back to the consigner. Claudines Debt-Payoff Success Story: From Foreclosure to a Mobile Family Business, Sell Your Crap: Download and See Bonus Videos. I give the consignors cash and 99 percent of the time they take the money and buy something in the store with it. Craigslist is beloved, because its a completely free marketplace for selling your stuff. Check our consigning calendar to see when your items are accepted. You bring in your tubs of clothes for the shopkeeper to evaluate. One last tip. 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. 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. Not sure what else you can sell? In other words, a consignment sale is an agreement in which a third party is entrusted with selling goods on behalf of the owner. In 2000, we decided to add a second location. Dead, no interest stuff. I personally prefer a consignment sale over a consignment shop, because I get immediate results. The tax form for non-cash charity is 8283 http://www.irs.gov/pub/irs-pdf/f8283.pdf (instructions here: http://www.irs.gov/pub/irs-pdf/i8283.pdf). Typically, when you sell clothes, accessories, furniture, or appliances via consignment, you take your item to the store or send them photos of larger pieces and the consignment shop will decide whether or not to take your item. Next, look at reviews, which should have experiences from both buyers and sellers. You and the shop owner work out a deal for a percentage of the sales - generally a 70/30 or a 60/40 split with the . Consignment is a business model in which a retailer, also referred to as a consignee, agrees to pay a seller, or consignor, for merchandise after the item sells. 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. Im just going to throw this out there.our most commonly asked question might be a shocker to you. The negative posts are definitely discouraging, but its great to know that you can be successful! 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. Do I think youre getting the best for your money? 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! So, for example, if your porcelain figurine sold for $100 at our store, you would receive $60, and we would keep $40. Stuff Etc has an overall rating of 2.6 out of 5, based on over 25 reviews left anonymously by employees. 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. Its mind blowing. Meanwhile, in Coralville, we began building a new store on Commerce Drive that was 36,000 square feet on 2 levels (our current location). 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. On a $100 sale with a 40% consignor share, the payout should be $40, so 40/100 = .4 or 40%. Selling your stuff second-hand is a great way to clear out your house and pocket some extra cash. We downsized to a smaller apartment last year and our stuff has been piling up with no where to go. There are some items that we just can't take for consignment at Stuff Etc. She doesnt charge a percentage, but people always give her one out of courtesy for hosting. The resale store full of donated goods down your street might not be labeled a thrift shop. If you agree, then theyll pay you from the cash register. If its furniture you want to drop off, well thats really easy too! 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. Just let our register associates know you qualify for the Senior discount. Suppose you take a designer purse to a local consignment shop. Revenue is usually split 60 percent to the store and 40 percent to you, although everything is negotiable. Demand for your item. Read on! This rating has decreased by -16% over the last 12 months. After a year there, we decided to build a new building on Keokuk St. 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. Once you accept the offer, the dealer will handle all the financing and paperwork to transfer the RV title for you. As long as the item is in excellent condition, I will sell it. It's a win win when you shop resale! How can you make the most of your Stuff Etc consignment relationship? I have a very stereotypical picture of pawn shops. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. It certainly didn't start that way, nor was it ever conceived that it would grow so dramatically. Some shops offer you higher percentages if you take in-store credit instead of cash. I blog about all the amazing stuff I find to show people how amazing thrift stores can be! I ALSO tell them, IF there is NO INTEREST. You can also choose to accept store credit for a larger sum. 2818 Commerce Drive Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Thanks for Being Part of the Man Vs. Debt Community! 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. Find your style at Stuff Etc Coralville! Angela, I totally agree. Some of the items that they didnt accept had never even been worn but they said they were dirty or had too much wear. YOU 'gotta hope you can LOCATE it in 'storage'. 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. Consignment shops are for-profit businesses that specialize in reselling items. Occasionally, I take womens clothes to consignment, but it generally only yields $30-$40, its hardly worth it. RYK Posts: 35,651 . A few reasons why consigning could be a good idea for you: Reach a larger audience of potential buyers willing to pay. All battery-operated items must have working batteries in them. After you drop off your tote leave the rest to Stuff Etc! That's an extraordinarily high commission rate that makes selling on eBay or Poshmark look cheap by . 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. They usually pop up for a weekend, 2 to 4 days, in random vacant spaces. However, before you go into consignment, you should take note of the following: 1. You have to pay $4.95 to get a big bag to put the clothes in (which covers the shipping costs for the bag) and then fill it up. Required fields are marked *. 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. . If so, show us your military ID and you can save 10% on all full priced items everyday at Stuff Etc. My family is big on yard sales. There are some items that we just cant take for consignment at Stuff Etc. 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. You can expect to be charged a 25% to 60% commission, which the shop collects as its profit. 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 . In 2003 we decided to venture into the Cedar Rapids market. So many people could use these good items. The Spruce / Ana Cadena. Monday Saturday10am 7pm The Best Online Consignment Shops. Recently though, FaceBook buy, sell, swap, yard sale pages have popped up. I got a total of $3.55 for my bag. that have already been owned and used. 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. Answer: Stuff Etc is seasonal and to stay competitive with all other retailers we take what you see at your mall. I would have gladly donated them to a family in need instead of lining the pockets of a scammy corporation. Most everything I offer for sale moves quickly and for a good price. Its easier for us to help you BEFORE you leave the building. RV consignment is when a third party sells your RV on your behalf and takes a percentage of the sale as payment for their service. 2023 Wealthysinglemommy.com, Single Moms: Date, parent and make money like a mother. We have eight Stuff Etc locations! Time-saving convenience. (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!

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