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CONSIGNMENT SALE TIPS
Consignment Sales are a more recent addition
to the clothes sale arena. With a consignment sale, a
company or non profit group secures a location, provides
advertising and staffs the sales event. The consignor
follows specific guidelines to prepare and price their items,
then drops them at the consignment sale. The organizer
keeps a certain percentage of the final sales (often times there
is also a small consignment fee for participating).
These sales are popping up across the United States and are an
effective way to sell some of your child's outgrown clothing.
Though each sale differs and has its own rules, here are some
general tips to help get you started.
*Finding a sale can be the biggest challenge.
Do an internet web search for children's resale events in your
area. It may take some research but you will probably find
an event if you are near a major city.
*Be sure to check the percentage kept by the
organizer as well as the consignor fee. Make sure that it
is worth the effort to consign your items. If you have to
drive far and have only a few items, it might not be worth the
gasoline costs to take your items.
*Additional costs to consider before consigning
at a consignment sale: hangers (sometimes the sale
specifies a specific type of hanger), safety pins, and card
stock to print tags.
*Looking for inexpensive wire hangers?
Check with the dry cleaners. Most will sell them to you
cheaply or even give them away for free.
*As your child outgrows clothing, launder, place
on a hanger and tag the item with the approved method from your
closest consignment sale. Then when it is sale time you
will have all of the items ready to go.
*Carefully check over each item. Sales are
very fussy about the items they take. If the item is
stained or torn, do not take it.
*Take some time to prepare your items. Try
to find all of the pieces to an outfit if possible. Iron
an item if it shows any wrinkling. Button the buttons, zip
the zipper and snap the snaps. You want to make your items
look as nice as possible.
*Most sales also take toys, baby nursery items,
shoes, and children's books and videos. At many sales that
we have participated in, these items sell very well. Avoid
trying to sell small toys such as happy meal prizes and stuffed
animals...neither seems to sell well, and some sales do not
accept them.
*Make sure all toys and games have required
pieces. Some toys will sell without all of the original
pieces, as long as it is still fully functional.
*If you are taking baby items, check for
recalls. Some sales will not accept car seats and other
frequently recalled items. Check with your particular sale
for specifics.
*Pricing is a challenge. A good rule of
thumb is to price your items at about 20 - 30% of the price you
paid. Your pricing will depend on the brand name and
condition. If the item still has the tags attached then
you might try 50% - 60% especially with a desirable brand.
*Most sales have an abundance of baby sized
items so keep your pricing especially competitive for those.
We have also had less luck selling larger children's sizes (such
as teen). Our best sellers have always been the toddler
through about size 8.
*Most sales offer a 50% off sale the last day.
This is usually optional. Decide whether you would be willing to
let go of the item at that price, considering that the organizer
will also keep their percentage.
*Find out about volunteering for the sale.
Some will give you a better percentage of your sales in exchange
for 4 - 8 hours of volunteer time. They often have other
volunteer opportunities as well, such as distributing flyers,
putting an advertising sign in your yard, or printing flyers.
*Most sales will donate left over items if you
wish. Find out whether you will receive a tax deduction
for your donation. Otherwise, it might be worth the trip
to pick up your unsold items and donate them to a charity of
your choice to receive a tax receipt.
*Some sales have an inventory system which
allows you to watch real-time and see which items sell.
Some even have a check waiting for you when you pick up your
items! Most do not have this technology. Expect to
wait 2 - 3 weeks to receive your check. |