In spite of the lousy location for retail, our business started to grow. Stuff Etc Company Profile | Management and Employees List 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 division may be less because other fees may have been applicable. I only payout in cash. A 20% gross profit sounds very high to anyone not operating a business. How to Consign | Stuff Etc Ive read a couple articles recently about bedbug infestations and the hazards of Craigslist or second-hand purchases. If there was a Stuff Etc trivia game, how well do you think you would do? After you drop off your tote leave the rest to Stuff Etc! Stuff Etc Ankeny | Ankeny IA - Facebook How pawnbrokers work and where to find a local pawn shop. Especially Savers. Youll need antique furniture or nearly new high-end pieces. Overblown? Auctions are hit and miss. The payouts decline from there, with rates dipping to as low as 40% for any item less than $145. Simply put, if it looks good and tastes great, people will pay for it. What Is A Fair Consignment Percentage? Average? Typical? 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. Thank you for your comment! As the owner, youd pay a small fee to the shop as compensation for them selling your item. 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. Storage. I sell books, pottery, sandwich grills, small furniture, jewelry, and whatever else. Instead, Im happy to give it to a needy family! Oh, and Ive never heard of ThredUP, but thanks for the heads up. Pricing Baked Goods: How to Figure Out Pricing For Your Bakery Makes me sick to see babies toys, cloths, little shoes, high chairs, and TONS of housewares, curtains, furniture etc.. thrown in trash. Mary Sundblad started Stuff Etc in 1985 in a . I sell my gently used or new clothes at Hut 8 in They except more of my clothes than platos closet. We live in Taylor, Mi. Platos closet isnt considered a pawn shop but a resale shop. Answer: Always check for a coupon or scratch card on the Stuff Etc app. | qazwilson, How Can I Sell My Homemade Stuff? I have a very stereotypical picture of pawn shops. It involves jewelry, ripped-off cell phones and wrought-iron bars. Its easier for us to help you BEFORE you leave the building. The Salvation Army publishes a value guide: http://satruck.org/donation-value-guide. YOU 'gotta hope you can LOCATE it in 'storage'. is dedicated to providing consignors a stress-free process while giving the best . In spite of the lousy location for retail, our business started to grow. Also, find out what the house's "sell-through . Theyre widely popular for eliminating the expensive middle man. 3. Working at Stuff Etc | Glassdoor In 2010, we sold our very first franchise in Waterloo and opened our second franchise in Davenport in 2011. 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. The Beginner's Guide to Consignment Stores, Thrift Shops and More Stuff Etc raised a total of $350 K in funding over 1 rounds. Stuff Etc Quality Consignment Stores | Iowa Consignment | Stuff Etc A consignment agreement is a contract that places an item the consignor (or owner) owns with the consignee (or seller) for the consignee to sell. I own a childrens consignment store and we are very busy and have a few thousand consignors. I collected a bunch of clothing from my family to submit to our local consignment store. Markup can be over 100%, but your example was flawed. In other words, the supplier entrusts . Check the search bar in FB with your neighborhood or city name followed by yardsale to join a group in your area! Seems so wrong. The standard rate for a first-time consignor with a small consignment (minimum $5000) is a 10% seller's fee and 15% buyer's premium. Sellers get paid on a sliding scale. For clothing, you need to have high-end brands. Read on for #1!! Selling Your RV? Here's What RV Consignment Really Means Get the latest gold prices and learn about selling your precious metals in todays record-high market, or you can check out reviews of top online jewelry buyers, including CashforGoldUSA and DiamondsUSA, both of which pay out within 24 hours and have a A+ Better Business Bureau ratings. If your product is a "hot" item or helps drive extra traffic to that retailer, you can . The RealReal offers value mostly to sellers of high-priced luxury items: Its commission structure favors watches that retail for about $3,000 or more with its highest payout percentage of 85%. Consignment shops typically take a 40% commission, which is considered a 60/40 split. 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. Friends in need. What is the typical consignment percentage? - Around The Block Open a consigning account and start making money! Generally, it is best to price your items 50% to 70% less than the retail price. Claudines Debt-Payoff Success Story: From Foreclosure to a Mobile Family Business, Sell Your Crap: Download and See Bonus Videos. Thanks for Being Part of the Man Vs. Debt Community! 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. Demand for your item. Its 2014 and I just stumbled across this page but just thought it was a bit misleading about pawn shops. So the coin hammers for $100, Heritage collects $115 and pays the consignor $90. 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 percentage of the sale that consignment shops vary depending on a wide variety of factors, such as the item, season, and overall sale trends. I havent received the greatest price for my items, but thats made up for with how little effort I can put in. 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. Having a strong sense of style doesn't mean you have to break the bank when you're shopping! 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. There are likely luxury consignment shops near you as well. Poshmark is an app, but you can also use the desktop version to browse through items like clothing, shoes, bags, jewelry, and other accessories. Have you had any success with consignment shops? It varies from state to state. The shop offers a consignment percentage of 75% for designer items. Anyone 55 or older can save 10% on all full priced items every Wednesday at Stuff Etc. I think consignment shops are only worthwhile if you have quality goods to sell. You can log in to your account whenever its convenient for you and watch your stuff turn into cash! In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. Typically, the consignor receives a percentage of the revenue from the sale (sometimes a very . 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. At its most basic, it simply refers to a venue that specializes in selling items (like clothing, shoes, handbags, furniture, etc.) I own a consignment shop that sells everything and everything. What is Stuff Etc? Company Culture, Mission, Values I always wanted a run down on consignment shops. Half of my clothing were passed on because they were to old. Considering both the consignors and buyers as our customers, everything we do at Stuff Etc is focused on complete customer satisfaction. We started out in 1985 with the name of Kids Stuff and Kountry Kreations. Your email address will not be published. This fee can go as high as 50%. Sellers use the platform to list items for sale, which buyers then browse. So as you see, there seems to be plenty of opportunities to score an even BETTER deal with Stuff Etc. The resale store full of donated goods down your street might not be labeled a thrift shop. The company bills itself as The Selling App, a place for users to list items for sale that they no longer want or use. Occasionally, I take women's clothes to consignment, but it generally only yields $30-$40, it's hardly worth it. With some apprehension, we rented an 8,000 square foot space in Coralville. Ivy, Your email address will not be published. All the risk falls on the store. Sale Price x Consignment Percentage = Consignor Proceeds. So from March to June we are accepting summer merchandise. When the payouts from other second-hand shops would be tiny, I prefer to just donate those items. 2818 Commerce Drive 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. Think you could answer our 5 most commonly asked questions? 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 .!!! Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. Three top designers that are on the hunt of Tradesy shoppers are Louis Vuitton, Chanel, and Coach. Local and online consignment stores may resell your wedding gown including ThredUp, Nearly Newlywed, Borrowing Magnolia, Once Wed, and PreownedWeddingDresses.com. Just let our register associates know you qualify for the Senior discount. Your quote may be different on a Tuesday than on a Thursday for no real reason. I was completely oblivious to consignments. What is Stuff Etc Currently Accepting? This definition encompasses both thrift stores and consignment shops, which are very different types of business. No, not really. Before you start consigning or selling jewelry, you should know what you have. Thank you! Come to think of it, my mom kind of runs a consignment shop with her yard sale! Stuff Etc. A book will resell for $10, so they pay you $5 for it. Pays cash. I sell a lot of my stuff to secondhand young adult stores. If so, show us your military ID and you can save 10% on all full priced items everyday at Stuff Etc. It turns out there are four types of second-hand shops consignment, pawn, classified and thrift. Consignment sales have the opposite problem of consignment shops. Sunday11am 5pm. Or are you wanting to really recoup as much value out of it? Learn more in our post all about what to do with your used wedding dress. This portion is called the "Consignment Percentage" or "Consignment Fee". Consignment Shops Near Me [2023 Guide To Selling] - Savvy Budget Boss I think youll get better results from the next types of second-hand shops classifieds. Consignment prices; Any area that deals with selling furniture; You need to figure out how your product fits into the current landscape. Our first storefront in Iowa City was on Highland Ct in a 750 sq ft building in a light industrial area where we shared our b uilding with a bar and a sheet metal shop. for these links. 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. Consignment - What is a reasonable percentage a dealer asks? 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. The items no longer belong to you. For example, you want to sell baby clothes. I dont have to do anything, just bring it up there. Having a strong sense of style doesnt mean you have to break the bank when youre shopping! Online reputation can be a good indicator of what to expect at that consignment shop. Then, once you start consigning, well keep track of all of your sales for that store in your online account. I am cutting BACK on Consignment. It certainly didn't start that way, nor was it ever conceived that it would grow so dramatically. Ive been on a donating kick myself. We are now accepting your summer items! Poshmark. How can find out what year/season the garment was made? Weve purchased furniture in the past second-hand and havent had a problem, but I wonder if you have any thoughts on this? Email address. As long as the item is in excellent condition, I will sell it. Im in the process of starting my own online consignment store. 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). I cant understand this insanity. Stuff Etc Quality Consignment Stores are currently Iowa's largest department consignment store group. This increased our space to 3000 square foot (as seen here). An example would be if Tyra takes a dresser to Ken's Consignment Furniture Store. Our demand for these items is year round so consign often! There is usually a seller's fee; the average fee is 10-20%. Always be happy and talkative. The negative posts are definitely discouraging, but its great to know that you can be successful! 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 youre ready for something new. There are some scenarios (like donating an old car) where the tax-deductible receipt is a lifesaver, but I rarely actually use it. Save my name, email, and website in this browser for the next time I comment. Simply provide your zip code, and it will yield Google results for consignment shops in your area. Just like every other retail transaction, consignment shops are also going online. However, the consignee has the right to return unsold goods back to the consigner. Consignment shops, on the other hand, are for-profit businesses that purchase items from their original owners and then resell for a profit. How to sell your timepiece for the highest price, What you need to know about jewelry appraisals and where to find one, How to sell your engagement ring for the highest price, Understand what your diamond is worth and how to sell it, Either they purchase an item from a seller and then resell it themselves at a markup. They set their own terms for how their consignments work, so its important to research the store policies before committing. 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. Consignment arrangements typically are in effect for a set period of time. Country decor was on its way out, so we dropped that completely and decided to change our name to Stuff Etc. They are definitely easy, especially if you have designer clothing. Consignment shops are for-profit businesses which specialize in reselling items. They arent crazy about consignment shop that only sell high end clothing. Our years of experience have given us a great idea of what sells, and what doesnt. Looking for something new to do? Bring your best items! In this brief guide, we'll cover what a consignment is, as well as look at its pros and cons. At Stuff Etc our bathrooms are always located near our Changing Room areas. Selling Online. I love adding to my wardrobe and the thrift store allows me to do so! Thank you so much Courtney Baker for this VERY useful article, and thank you klp. However, our apprehension was quickly replaced within a couple years with an urgency to find a larger space. Draw up a contract outlining the terms . Sunday 11am - 5pm. Review the list of stuff we do not accept. The percentage share of the retailer ranges from 25 to 50 percent, depending on the store and the type of merchandise. However, I think the pawn shop description is wrong. Craigslist is creepy, so I dont sell on that site. Carousell. Answer: Stuff Etc is seasonal and to stay competitive with all other retailers we take what you see at your mall. This is a great option if you want immediate, same-day results and never worry about your crap again. Several people put their items in the sale with their names marked. Mercari is a resale app that features everything from men's, women's, and children's clothing to electronics and sports equipment. 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. In 2000, we decided to add a second location. Calculate A Fair Consignment Percentage. I also was completely unaware that online marketplaces like craigslist, andeBay are also considered second-hand shops. Established in 1985. For the rest of it I usually take it to Goodwill just so I do not have to deal with the hassel of having a yard sale or hanging on to stuff in order to have a yard sale and again for me the bottom line is to just get rid of my s*&t as quickly as possible. 2818 Commerce Drive Listings can be easily shared on social media - and the app allows you to track your sales. 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 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. I find that I can send less-than-perfect items to a consignment sale that wouldnt be accepted in a consignment shop. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. For example, you consign a childrens bicycle for $20. I assumed that all shops gathered their inventory by buying goods from people directly, or from donations. Why Consign your Quality Used Clothing or Housewares with Stuff Etc? A few days before the sale, the organizers will open the doors for you to drop off your items. Stop by a Stuff Etc store today and see how we . You dont have any control over how much your item sells for. In a pawn shop, you relinquish your ownership of your item in exchange for immediate payment. Angela, I totally agree. At the end, they offer a quote for the cluster of items theyre interested in. Consignment sales are short, but intense events. 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. Ive found these types of shops to be inconsistent in how much they pay you. The energy is high, and you can expect to see shoppers cars packed to the brim! A LOT of 'Consignors will bring you 'stuff' THEY tried to sell already. Iowa City location accepts consignment Tuesday thru Friday from 10 AM to 7 PM and Saturdays from 10 AM to 5 PM. 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. | qazwilson, Pingback: How Can I Sell My Homemade Stuff? Now that you know please share the knowledge next time someone asks you! Swap.com - This is one of the top-rated online consignment stores. In general, stores split the sales anywhere from 50/50 to 40/60 or . In December of 2005 we opened a second Cedar Rapids store on the east side. Similar to Platos Closet, Buffalo Exchange is a clothing consignment brand with locations throughout the United States. Do I know anyone whos successfully used this platform. I will say that you should NEVER under any circumstances send clothing to ThredUP.com! Consignment stores pay . 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! Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. We are so busy in fact, and sell item so quickly that we never stop taking items because we are too full., Perhaps you should mention that your information may only be about the area where you live and not ALL consignment shops. Its hard to turn a profit with five smaller items and a $10 entry fee. 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.). 30-item limit. Quality Consignment Stores has grown from a small secondary shop in Iowa City to a well-recognized chain with seven stores across the state. I get store credit and whenever we need something for the kids, we go there b/c we always have store credit. Revenue is usually split 60 percent to the store and 40 percent to you, although everything is negotiable. The consignment store pays you a percentage of the sale price of your item if and when it is sold. First, users can list their items on Facebook Marketplace. . The general consignment process is most likely the same no matter where you go. The Best Online Consignment Stores of 2023 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. The consignment percentage calculator then determines what percentage of the retail selling price should be paid to the consignee as their fee. Most everything I offer for sale moves quickly and for a good price. All battery-operated items must have working batteries in them. If you can get 70% to the artist, 30% to the shop, that split is also sometimes done. Depending on the consignment shop and the item being sold, the seller may concede 25% to 60% of the sales price in consignment fees. There are actually several nationwide chains that resell goods under pawn-shop policies, like Half Price Books and Platos Closet. Check out this list of 33 things you can sell to make money. ThredUp - Sell your kid's clothes to ThredUp. Suppose you take a designer purse to a local consignment shop. Theyll show up soon. Ive been using Craigslist and Amazon.com for secondhand sales. While some people may use the terms thrift shop and consignment shop interchangeably, they are in fact very different beasts. The fee depends on distance, item, etc. At Stuff Etc we have all your favorite brand names at a fraction of the price! I have found Facebook Yardsale sights to be the very best for selling stuff. Accepts some online sales and drop-offs. If I gave them a check or used paypal, that wouldnt happen. The store only accepted garments made within the last three years. Just drop it off and get something for it.What is the name of the place you go to? On a $100 sale with a 40% consignor share, the payout should be $40, so 40/100 = .4 or 40%. . Tradesy. Answer: Yes, we do! If its furniture you want to drop off, well thats really easy too! I found this entire article to be full of misinformation. Other consignment shops can operate in a variety of niches, such as furniture or home furnishings. Its an awesome set up. My question is How does a Thrift store like Savers, Goodwill, etc. As a warning, though, this type of second-hand selling can also flop if you dont do any research. Ive never seen so many play mats, strollers or onesies in one place! Pingback: How Can I Sell My Homemade Stuff? Revenue is usually split 60 percent to the store and 40 percent to you, although everything is negotiable. AND dont forget items in the store after 60 days are 50% off and after 90 days they are 80% off. The consignee often takes a commission or fee and then the remainder of the sale price is paid to the consignor. Coralville, IA 52241, Copyright 2023 Stuff Etc - All Rights Reserved. You can also sell via online platforms DiamondsUSA for all diamond jewelry, and CashforGoldUSA for gold, silver, and platinum jewelry, coin collections, scrap and bullion. You drop of your donations at the store (although some offer a pickup service), and theyll give you a tax-deductible receipt based on the estimated value of your items. You can also choose to accept store credit for a larger sum. Consignment shops are locally owned businesses with a mom-and-pop feel. Cheat Sheet: Retail Markup on Common Items - Wise Bread Items sold for less than $1000.00: 50/50 split of the final sale price. As an apartment dweller its ideal! 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. Best Online Consignment Shops. She doesnt charge a percentage, but people always give her one out of courtesy for hosting. Some states exempt charities, others tax all resale operations. 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. Most furniture consignment shops' percentage is either a 50:50 or 60:40 split in favour of the consignor (the item's owner). While you're there, ask the auctioneer how sales are promoted (online, in newspapers, and via e-mail is best) and whether they are simulcast online. . It beats selling them at a yard sell or an reselling kids consignment store. Please use this reference guide when preparing your consignment items for drop-off or pick up. I take children's stuff to the consignment shop down the street 2 to 3 times a year though.
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