All the risk falls on the store. While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. We are now accepting your summer items! Ive never seen so many play mats, strollers or onesies in one place! Not bad for for items they no longer wanted or needed! For clothing, you need to have high-end brands. In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. Required fields are marked *. (Stuff Etc Black Bag must be used in order to receive the following discounts), Mondays:15% off all full priced books, DVDs and electronics, Tuesdays:15% off all full priced kids clothing, toys, games & puzzles, Wednesdays:Power Wednesday! After the sale, you can either collect your items or have them donated on your behalf. Located at 2818 Commerce Drive, Stuff Etc Coralville is your one-stop destination for all your consignment needs. 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.). In other words, a consignment sale is an agreement in which a third party is entrusted with selling goods on behalf of the owner. . Fun, fun, fun ! Having a strong sense of style doesn't mean you have to break the bank when you're shopping! 2818 Commerce Drive As long as the item is in excellent condition, I will sell it. Ill have to resist the temptation to look through that whole bicycle catalog. Occasionally, I take women's clothes to consignment, but it generally only yields $30-$40, it's hardly worth it. For example, if you bought a $20 toy for your child, then it should be priced at $6 to $10 . My children are 10 6 and 4 and thats exactly what I want to do. 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 you're ready for something new. People love to talk about themselves.so listen to them. Don't underestimate the importance of the service you provide . 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. Consignment shops, on the other hand, are for-profit businesses that purchase items from their original owners and then resell for a profit. It's a highly trafficked store, and very close to us. (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! 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 . THEY ARE AMAZING! Corporate Office Hello, thank you for this article. The fee depends on distance, item, etc. Its unfortunate that it gets a bad reputation based on the ignorance and limitations of someone personal experience. Create your store. Most furniture consignment shops' percentage is either a 50:50 or 60:40 split in favour of the consignor (the item's owner). 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. AND dont forget items in the store after 60 days are 50% off and after 90 days they are 80% off. Similar to Platos Closet, Buffalo Exchange is a clothing consignment brand with locations throughout the United States. You bring in your tubs of clothes for the shopkeeper to evaluate. 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). The store only accepted garments made within the last three years. Monday Saturday10am 7pm How can you make the most of your Stuff Etc consignment relationship? Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. So many people could use these good items. Tradesy is a peer-to-peer marketplace where you can sell your second-hand luxury designer or high street handbags. Sell broken appliances to a recycling center for scrap or list them on eBay. So as you see, there seems to be plenty of opportunities to score an even BETTER deal with Stuff Etc. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. If you have a special piece or a big collection, they may charge you nothing. We have current openings on our sales floor, processing and pricing areas. so I have been abit intimidated to take my old clothes in there. Its important to point out that some second-hand shops operate solely based on donations. 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!) We rented a 21,000 square foot space on the west side of Cedar Rapids. There are a few different ways that businesses can use a consignment percentage calculator. But its true! Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Have you gotten your Early Bird Ticket yet? . Its easier for us to help you BEFORE you leave the building. Make money/save money with consignment. There are two consignment options physical shops and weekend sales. It was very informative. ), Corporate Office Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. ThredUp is an online consignment and thrift shop that features women's, kids', and maternity clothing along with shoes, handbags and accessories. 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. I finally just got frustrated and started packing stuff up to donate. Remember that they may charge a buyer's premium of up . Consignment goods are typically sold through consignment stores, which receive a percentage of the sale revenue (sometimes a very high percentage) as a commission. That's an extraordinarily high commission rate that makes selling on eBay or Poshmark look cheap by . Thrift shops are non-profit organizations that sell items they receive via donation. 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. 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. Quality Consignment Stores has grown from a small secondary shop in Iowa City to a well-recognized chain with seven stores across the state. In 2000, we decided to add a second location. They set their own terms for how their consignments work, so its important to research the store policies before committing. Bonanza also has a nice feature that allows you to send the items you plan to sell to Google shopping. Then, once you start consigning, we'll keep . Continue to 9 of 10 below. 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 ? Early Bird Tickets allow you twitter.com/i/web/status/1, Corporate Office 21 apps for selling stuff online or near me in 2023. Typically, the consignor receives a percentage of the revenue from the sale (sometimes a very . Where do you sell your stuff second-hand? What Should I Do If a Domain Name Is Already Taken? for these links. My wife and I are considering starting our own resale/thrift store. 3. They are the biggest rip off Ive ever seen. The company will make an offer, and you can accept it or turn it down. This portion is called the "Consignment Percentage" or "Consignment Fee". Search for a Buffalo Exchange in your city. But unless you make a decent amount on any given sale, you could potentially make nothing. Just let our register associates know you qualify for the Senior discount. Items sold for less than $1000.00: 50/50 split of the final sale price. You can find all the latest home dcor and furniture styles plus dress the entire family in the brands you love. A product is created and will cost material and labor to manufacture and is priced in a way that also covers previous R&D costs and profit of the company, etc. Answer: Yes, we do! Your search may yield consignment shops that are exclusive to your city, but you may also find national consignment shops near you. The consignment shop pays you a flat rate, upfront. Watch these brief how-tos for a quick overview. Answer: We absolutely do! People post a picture and price of their item, people comment interested or Next (for next in line) if they would like to purchase. 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. that have already been owned and used. Poshmark. While payouts vary based on the brand, quality, and type of item, Kiplinger reports that upholstered and leather furniture sells best at consignment shops. How many of you thought this would be our most commonly asked question? There are also online furniture consignment platforms such as Everything But the House, Chairish, and 1stdibs. 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. Hi Janine, In my experience the most common jewelry consignment split is 60% to the artist, 40% to the shop. What is Stuff Etc Currently Accepting? 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. 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! This marketplace will advertise your item to anyone in your vicinity. Some shops offer you higher percentages if you take in-store credit instead of cash. Selling a $500 gun at a 5% net profit puts around $25 in the dealers pocket. 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 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. eBay Consignment Fees. To get started with consignment you can read the resources we have online . YES, truly this is the most commonly asked question at Stuff 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. Sale Price x Consignment Percentage = Consignor Proceeds. Do you have a preference or experience finding better deals at thrift shops vs. consignment stores? Get monthly news, updates and promotions from our Stuff Etc locations. That is what I currently continue to do, but there are so many things that might(yesI said might) move better in a store. Consignment arrangements typically are in effect for a set period of time. Salaries, reviews, and more - all posted by employees working at Stuff Etc. Claudines Debt-Payoff Success Story: From Foreclosure to a Mobile Family Business, Sell Your Crap: Download and See Bonus Videos. Consignment shops are for-profit businesses which specialize in reselling items. After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. that have already been owned and used. If you believe that your item still has value and that someone would be willing to pay you for it, such as designer clothing or handbags, then your best bet will be to approach a consignment shop first. Angela, I totally agree. The 'percentage' is calculated by dividing the payout by the amount of the sale. TheRealReal is another online consignment shop, but this one specializes only in high-end and luxury fashion and takes a 30-50% commission. The selling sites on Facebook are worth selling childrens items or what else you want to sell on there to get some extra cash. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. Consignment shops are locally owned businesses with a mom-and-pop feel. Consignment shops are typically retail stores that specialize in a particular type of consumer product. Ankeny, IA 50021. I think consignment shops are only worthwhile if you have quality goods to sell. Here's a list of what to cover: Inventory. We can reuse those plasti twitter.com/i/web/status/1, 12 Days before our BIG 1/2 PRICE SALE!! Ive actually done ThredUP and I admit, it wasnt an experience Id repeat, either! Just drop it off and get something for it.What is the name of the place you go to? uilding with a bar and a sheet metal shop. I know! If you think of boundaries like this, it helps you think clearly in the stressful tasks of pricing and negotiation. Create your store. Bring them to us!! There are likely luxury consignment shops near you as well. 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. Apply today! Ive found a system that makes this a no-brainer for me. In season? 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. Second, you can list your item in one of Facebook's "Buy and Sell Groups.". We downsized to a smaller apartment last year and our stuff has been piling up with no where to go. I personally assume that the margins in astronomy products are pretty high as it is a niche market. What is the different between a consignment store and a thrift store? The pay isnt horrible (around 30% of what they sell it for). Mercari. Email address. The energy is high, and you can expect to see shoppers cars packed to the brim! We accept items on a seasonal basis. Household items must be clean and in working order. This definition encompasses both thrift stores and consignment shops, which are very different types of business. It beats selling them at a yard sell or an reselling kids consignment store. Click on the store button to view ourfeatured products from the comfort of your home! See what employees say it's like to work at Stuff Etc. Stuff Etc Profile and History. Now that you know please share the knowledge next time someone asks you! 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. 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! After 6 years we outgrew this location and moved into a new location on Pepperwood Ln that had 10,000 square feet. Popular chains of consignment stores include: Platos Closet is a nationwide clothing consignment franchise with locations in 50 states. Its mind blowing. In 2003 we decided to venture into the Cedar Rapids market. I give the consignors cash and 99 percent of the time they take the money and buy something in the store with it. Calculate A Fair Consignment Percentage. 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. 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. 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 . Bring your best items! 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. Always be happy and talkative. 2818 Commerce Drive They find stores like boring. They have yard sale sunday and you can post stuff for sale on Sundays only. Do I know anyone whos successfully used this platform. We use thrift stores and charity pickups all the timethe tax savings typically netted us as much as the other options without the headache. I will say that you should NEVER under any circumstances send clothing to ThredUP.com! If you agree, then theyll pay you from the cash register. For example, you consign a childrens bicycle for $20. Household items must be clean and in working order. We sold a few childrens dresses at a thrift shop. 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. The pro to a classified ad is that you have more control over your item, but that also means you have more decisions to make and more responsibilities to get it sold. Accepts some online sales and drop-offs. 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. Sunday11am 5pm. Ive seen them in strip malls, hotel conference rooms, and school gymnasiums. Usually, the consignment store chooses how to display and price your item. Ive been on a donating kick myself. Markup can be over 100%, but your example was flawed. Common Consignment Percentages. Ive been using Craigslist and Amazon.com for secondhand sales. You receive $10. They were able to tell from the label. Today I just put the right words in the search engine. Hope it did not get soiled, or, degraded. Online consignment typically pays via Paypal, check or bank transfer. There are some items that we just cant take for consignment at Stuff Etc. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. Buffalo Exchange is an example of a brick-and-mortar consignment clothing shop that now offers online, mail-in sales. etc. My motto is you know what you might find, and people love that. I wonder if those who donate to this store realize if items dont sell within a month, they get trashed. Great post! In December of 2005 we opened a second Cedar Rapids store on the east side. Overblown? Stop by a Stuff Etc store todayand see how we fit your style. Remember, all these businesses share a desire to purchase high-quality, clean items in good condition that are currently in style. The week before the sale, youll prepare your items with tags specific to your sale (most sales have a website with full information). Poshmark is an app, but you can also use the desktop version to browse through items like clothing, shoes, bags, jewelry, and other accessories. 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. 906 E 1st Street. Just like every other retail transaction, consignment shops are also going online. A few days before the sale, the organizers will open the doors for you to drop off your items. Craigslist is creepy, so I dont sell on that site. 23 Stuff Etc reviews. The shop offers a consignment percentage of 75% for designer items. The consignment store pays you a percentage of the sale price of your item if and when it is sold. You can arrange the sale for a public location without them coming to your home! The site imposes a staggered commission schedule, paying sellers between 20% and 85% of the sales price. Thankfully, there are quality buyback businesses, including some in your town, as well as reputable online sites. Two weeks later we found out the business closed their doors due to bankruptcy.

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