It is always a good idea to go through your closet each season to weed out those things that you want to love but that just don’t quite do it for you, things that don’t fit, and the like. What can I do with this apparel that has been evicted from my closet, you ask?
I have found that I can make a decent profit on the items that I sell at our local bi-annual consignment sale as opposed to consigning at a brick and mortar consignment store.
First, I can set my own prices. There are typically two ways a brick and mortar consignment store works: You drop off your stuff and they price it for you, then you either pick it up or allow the store to donate it if it doesn’t sell. At others, they pay you a flat amount up front that you can take or leave. At a bi-annual consignment sale, you can price your own things.
Second, because I get a higher percentage back on the things that sell. At the sale in my area, I can get 65-75% of sales, whereas most brick and mortar stores typically give around 50%.
My go-to sale is called the Charleston Style Exchange. People come from all over the city to consign their gently used women’s clothing and find great deals on name brand, high end clothes, shoes, and accessories at this sale, which has been held in Mt. Pleasant, SC for several years. The next sale is coming up soon, so I am in the process of cleaning out my closet. I find that pricing is key to selling the most things with the best return. Here are a few pricing tips:
Think of what you would pay. How much would you reasonably pay for the item if you were to come across it at the sale?
Brand. Of course, the higher end the brand, the higher percentage of the original price you can ask. Demand. If you are consigning clothing at an upscale sale in the first place, you are likely to be aware of the brands and fashions that are most in demand in your area. You can get away with asking a little more for these items, but beware of price gouging. That just ticks people off and you will be collecting your unsold items at the end of the sale. How much effort are you willing to put forth? Presentation is everything. Neatly display your cleaned and pressed items. Wrinkly, disheveled looking items will not sell, and will likely be pulled from the sales floor anyway.
Finally, allow me to let you in on the secret to getting the best deals AND the best return. Volunteering! This is key. Not only do most sales give a portion of your consigner fee back when you volunteer, but you typically also get to shop early and beat everyone else to the best deals! Volunteer shifts are usually short increments of time, so it is pretty easy to schedule around your other obligations.
There is also typically a half price aspect to the sales, in which the last day or part of that day allows those who choose to discount the chance to sell their goods for half off. This is always the way to go in my opinion. AND at the end of the sale, you certainly don’t want all that stuff back, so you have the choice to donate it straight from the sale!
I love consignment sales- you can’t beat a great find, and you can rationalize your purchases with the fact that you are basically trading your old stuff for new if you are also consigning!