Consignment goods are typically sold through consignment stores, which receive a percentage of the sale revenue (sometimes a very high percentage) as a commission. I collected a bunch of clothing from my family to submit to our local consignment store. 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. And YOU get stuck, STORING. 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. Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM. Thrift shops are non-profit organizations that sell items they receive via donation. I had an experience with a consignment shop that was not a good one. It varies from state to state. We used Its Deductible (by Quicken/Turbo Tax) to track and value our donations. People often under-estimate thrift stores, but with some patience, you can walk away with some great items! What is a Fair Consignment Percentage? The Ankeny Stuff Etc is located west of I-35 on the north side of E 1st St, right off Northeast Hayes Drive. Best Online Consignment Shops. After all, if they cant resell it, they cant make a profit! Plus, I love the frenzy, which would be an absolute con for several of my girlfriends! That's an extraordinarily high commission rate that makes selling on eBay or Poshmark look cheap by . 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. I'm just posting to clarify for other readers, not just 'picking'. These posts can help you understand what you own and how much it is worth: Learn about the top online jewelry auction sites. . Stuff Etc. capitalizes on recycling mentality - Corridor Business Journal Its a highly trafficked store, and very close to us. Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. In 2000, we decided to add a second location. After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. Stuff Etc Quality Consignment Stores | Iowa Consignment | Stuff Etc 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. ThredUp is a leading online consignment store for womens and childrens clothing. The most popular online social media networking site includes several ways to buy and sell items on Facebook. You might also consider donating your old appliances to a charity or local thrift store if you are unable to sell them. Good post! So, for example, if your porcelain figurine sold for $100 at our store, you would receive $60, and we would keep $40. 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. 2818 Commerce Drive We can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! Generally, when they sell your bicycle, they take their 50% or $10. Before you start consigning or selling jewelry, you should know what you have. You can be fashionable on a budget! Thank you 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. I cant understand this insanity. ThredUp is an online consignment and thrift shop that features women's, kids', and maternity clothing along with shoes, handbags and accessories. Then, once you start consigning, well keep track of all of your sales for that store in your online account. Bonanza also has a nice feature that allows you to send the items you plan to sell to Google shopping. Sale Price x Consignment Percentage = Consignor Proceeds. Its easier for us to help you BEFORE you leave the building. I personally assume that the margins in astronomy products are pretty high as it is a niche market. What is Consignment? - Robinhood 2818 Commerce Drive Thankfully, there are quality buyback businesses, including some in your town, as well as reputable online sites. How to Consign | Stuff Etc 1. The clothing resale platform Poshmark takes just 20% of every sale or $2.95 for any sale under $15. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. Ask around or check your local Yelp and Google listings. 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). They do not purchase the items they sell. While payouts vary based on the brand, quality, and type of item, Kiplinger reports that upholstered and leather furniture sells best at consignment shops. A 20% gross profit sounds very high to anyone not operating a business. Occasionally, I take womens clothes to consignment, but it generally only yields $30-$40, its hardly worth it. 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.). Create your store. The Best Online Consignment Shops. There are actually several nationwide chains that resell goods under pawn-shop policies, like Half Price Books and Platos Closet. ThredUp will then send you a Paypal payment for the items you sent. I hadnt really thought of Half Price Books or Once Upon a Child as pawn shops either but they definitely fit the mold, lol. In spite of the lousy location for retail, our business started to grow. Determine your stock agreement by discussing how many you're trying to sell per design and at what price. What percentage do most consignment shops take? Working at Stuff Etc | Glassdoor I think consignment shops are only worthwhile if you have quality goods to sell. Don't undersell yourself or . The 'percentage' is calculated by dividing the payout by the amount of the sale. Time-saving convenience. 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. Have you gotten your Early Bird Ticket yet? Salaries, reviews, and more - all posted by employees working at Stuff Etc. They buy gently used clothes and accessories for teens and young men and women. In other words, a consignment sale is an agreement in which a third party is entrusted with selling goods on behalf of the owner. Based on the 75% consignment, your proceeds are $112.50 . 11 Tips When Selling Through Consignment STUFF ETC - 14 Photos - 1210 Flammang Dr, Waterloo, Iowa - Used - Yelp What is really upsetting is the amount of really good items they simply CRUSH, and throw away in huge garbage containers!! Read on! The term second hand store can mean a lot of different things to a lot of different people. The Real Real Seller Review | How it Works & What To Expect 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. I have a very stereotypical picture of pawn shops. Join us April 15 & 16 for ou twitter.com/i/web/status/1, Stuff Etc WATERLOO now carries bed in box mattresses! Weve purchased furniture in the past second-hand and havent had a problem, but I wonder if you have any thoughts on this? Here's a list of what to cover: Inventory. Tradesy is a peer-to-peer marketplace where you can sell your second-hand luxury designer or high street handbags. Our shop in in the busiest plaza and usually has a line at the checkout. Answer: Stuff Etc is seasonal and to stay competitive with all other retailers we take what you see at your mall. Decide how much you want to charge your consignors for selling their items. Today I just put the right words in the search engine. Poshmark is an online consignment shop, similar in many ways to ThredUp and Mercari. 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. Stuff Etc. I think youll get better results from the next types of second-hand shops classifieds. ThredUp. 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. But its true! They buy your gently used mens, womens and childrens clothing and accessories with a premium if you choose store credit. Stuff Etc Ankeny | Ankeny IA - Facebook Markup can be over 100%, but your example was flawed. Salaries, reviews, and more - all posted by employees working at Stuff Etc. They accept an item for consignment and then pay the original seller a percentage of the sales price if and when the item sells. Note: This is a post from Courtney Baker, chief seller and long-time running wo-man of MvD. Each Stuff Etc store takes the last 2 years style of clothing and accessories. Probably not a good retirement family career business? Our demand for these items is year round . This rating has decreased by -16% over the last 12 months. Think you could answer our 5 most commonly asked questions? Make money/save money with consignment. Get monthly news, updates and promotions from our Stuff Etc locations. Where do you sell your stuff second-hand? 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. Ive actually done ThredUP and I admit, it wasnt an experience Id repeat, either! In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. Learn more in our post all about what to do with your used wedding dress. Sunday11am 5pm. 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! 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. We dealt only with children's merchandise and country crafts. Corporate Office 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 . 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. In fact we have a section on our website that shows everything we take year round, no matter what month it is! I own a consignment shop that sells everything and everything. 3. that have already been owned and used. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Different items may be less desirable in different markets, check with your local store if you have questions about an item. Click on the following links based on the store your account is located. 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. An example would be if Tyra takes a dresser to Ken's Consignment Furniture Store. For example, if one item sells for up to $30, Everything But the House earns 100 percent in commission. Review the list of stuff we do not accept. Auctions are hit and miss. You bring in your tubs of clothes for the shopkeeper to evaluate. Now it's time to figure out the details. 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. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, Elle, O, The Oprah Magazine. Price their donated items?? The store only accepted garments made within the last three years. Have you had any success with consignment shops? This portion is called the "Consignment Percentage" or "Consignment Fee". I would have gladly donated them to a family in need instead of lining the pockets of a scammy corporation. Stuff Etc raised a total of $350 K in funding over 1 rounds. 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. When the payouts from other second-hand shops would be tiny, I prefer to just donate those items. Every time I take them into consignment or pawn shops, I get offered quarters for nice clothes. Some only buy designer labels, others could care less about labels, and others that only shop the clearance racks. Check our consigning calendar to see when your items are accepted. See what employees say it's like to work at Stuff Etc. How to calculate selling price for your products - Katana Also, I recently started selling my kids gently used clothes, toys, games etc at the kids exchange (a huge consignment event) in Raleigh NC twice a year. Pricing Matters. Always be happy and talkative. If this is more up your alley just give us a call to schedule an appointment. What is consignment in retail? - koronapos.com 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. Can You Answer These Questions? | Stuff Etc We sold a few childrens dresses at a thrift shop. However, the consignee has the right to return unsold goods back to the consigner. 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). 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. While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. Understanding How a Consignment Percentage Split Works I also post a lot of stuff for sale on a local moms yahoo group. Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. Also, donating can be pretty huge if you are already itemizing your deductions. October 15, 2011 5:50AM. This is per item and paid to me, by seller. Thats a great look at consignment stores. RYK Posts: 35,651 . 2818 Commerce Drive The Spruce / Ana Cadena. The costs and procedures drastically vary from platform to platform. So, if a pair of Childrens Place pants in their store resells for $7.50, youd earn $3.75 up front. Simply provide your zip code, and it will yield Google results for consignment shops in your area. ThredUP accepts women's clothing, purses, shoes, accessories, and maternity wear. If you're ready to part with this . Customary Consignment Percentage | Trapshooters Forum Oh, and Ive never heard of ThredUP, but thanks for the heads up. A free inside look at company reviews and salaries posted anonymously by employees. It turns out there are four types of second-hand shops consignment, pawn, classified and thrift. I avoid consignment shops as a seller, but love them as a buyer! Answer: Its easier than most people think. This marketplace will advertise your item to anyone in your vicinity. We live in Taylor, Mi. We are now accepting your summer items! 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. Your search may yield consignment shops that are exclusive to your city, but you may also find national consignment shops near you. We downsized to a smaller apartment last year and our stuff has been piling up with no where to go. The company will make an offer, and you can accept it or turn it down. This increased our space to 3000 square foot (as seen here). You receive $10. What Percentage Do Furniture Consignment Shops Take? Overblown? 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. Carousell is a platform that allows users to sell electronics, fashion, and even properties! From there, different percentages are determined by what your items . If you have a special piece or a big collection, they may charge you nothing. Military Discount:Are you currently in the military or a vet? Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. A LOT of 'Consignors will bring you 'stuff' THEY tried to sell already. 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. Mary Sundblad started Stuff Etc in 1985 in a . Anyone 55 or older can save 10% on all full priced items every Wednesday at Stuff Etc. Consignment shops, on the other hand, are for-profit businesses that purchase items from their original owners and then resell for a profit. Any final sale on items from $31 to $60 means a $30 commission for the company. I do think theyre better than consignment shops. They find stores like boring. Most everything I offer for sale moves quickly and for a good price. Dead, no interest stuff. At Around the Block, our consignors receive 60% of an item's final sale price. 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. I always felt like it was safe meeting people in a public place with buyers and sellers from Facebook . Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. 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. To get started,read our consignment guidelines, see whatwere accepting now, or drop off 1 tote without an appointment Tuesday Saturday. This definition encompasses both thrift stores and consignment shops, which are very different types of business. What Should I Do If a Domain Name Is Already Taken? If you believe that your item still has value and that someone would be willing to pay you for it, then your best bet will be to approach a consignment shop first. This can be a great way to get the most for your money at your easiest convenience! It's a win win when you shop resale! Valuing your goods at what you feel they're worth can help you to maintain a low-cost percentage. Ive learned how to quickly write ads, to know which marketplaces to sell different items in, and how to handle interested buyers. Each Stuff Etc store takes the last 2 years style of clothing and accessories. We rented a 21,000 square foot space on the west side of Cedar Rapids. 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!) With some apprehension, we rented an 8,000 square foot space in Coralville. Thank you! Consignment selling may or may not be attractive to you. I take children's stuff to the consignment shop down the street 2 to 3 times a year though. Its important to point out that some second-hand shops operate solely based on donations. That is what I currently continue to do, but there are so many things that might(yesI said might) move better in a store. 20 Best Consignment Shops Near Me (And Online) in 2023 - Well Kept Wallet 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! The fee depends on distance, item, etc. The items no longer belong to you. Staying on top of your Stuff Etc consignment account is easy - check your account status online anytime. 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. Ive been on a donating kick myself. 23 Stuff Etc reviews. Keep in mind, however, that you tie up your funds waiting for merchandise to be sold. You can expect to be charged a 25% to 60% commission, which the shop collects as its profit. Household items must be clean and in working order. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. Our demand for these items is year round so consign often! 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% of employees would recommend working at Stuff Etc to a friend and 12% have a positive outlook for the business. Corporate Office Or are you wanting to really recoup as much value out of it? Thank you for your comment! Ive never seen so many play mats, strollers or onesies in one place! So from March to June we are accepting summer merchandise. How Much Should I Pay Retailers for Selling My Product? Pays cash. Cheat Sheet: Retail Markup on Common Items - Wise Bread STUFF ETC - 19 Photos & 14 Reviews - 851 Hwy 6 E, Iowa City - Yelp Theyre widely popular for eliminating the expensive middle man. Id have rather donated in my community as well! In December, I made over $4,000.00. In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. Stuff Etc takes 1 tote of your gently used items Monday thru Saturday (and 5 larger items that will not fit in our totes). Start your Stuff Etc Consignment experience now! Its standard for you to drop off your items for a 30-, 60- or 90-day cycle. | qazwilson, How Can I Sell My Homemade Stuff? Watch these brief how-tos for a quick overview. Hello, thank you for this article. You own the product, in their shop, and are responsible for stocking the store shelves. 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). The selling sites on Facebook are worth selling childrens items or what else you want to sell on there to get some extra cash. Come to think of it, my mom kind of runs a consignment shop with her yard sale! Some states exempt charities, others tax all resale operations. The Man Vs. Debt Kickstart Your Money Free Resource Kit, Unautomate Your Finances: A Simple, Passionate Approach to Money, How Can I Sell My Homemade Stuff? I always wanted a run down on consignment shops. 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. To get started with consignment you can read the resources we have online, then find the Stuff Etc store nearest you. 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. The pay isnt horrible (around 30% of what they sell it for). I have found Facebook Yardsale sights to be the very best for selling stuff. 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. 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. Next, look at reviews, which should have experiences from both buyers and sellers. Answer: Always check for a coupon or scratch card on the Stuff Etc app. eBay Consignment | Danna Crawford, eBay Power Seller Ive had many items sell in 3 minutes or lessits like a virtual yard sale. I will say that you should NEVER under any circumstances send clothing to ThredUP.com! All items include a $3.50 listing fee. Swap.com - This is one of the top-rated online consignment stores. I wonder if those who donate to this store realize if items dont sell within a month, they get trashed. Totally worth it! is dedicated to providing consignors a stress-free process while giving the best . Consignment stores pay . It started out by cleaning out my basement and selling through resale sites on line. Have you gotten your Early Bird Ticket yet? Hi Janine, In my experience the most common jewelry consignment split is 60% to the artist, 40% to the shop. 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. 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. For example, if you bought a $20 toy for your child, then it should be priced at $6 to $10 . What is Stuff Etc Currently Accepting? Your email address will not be published. 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. Stop by a Stuff Etc store todayand see how we fit your style. Revenue is usually split 60 percent to the store and 40 percent to you, although everything is negotiable. 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.

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