[T]hrough the years I have sold and purchased at many local consignment shops. I have picked up a few tips and tricks along the way – all the while, learning how to maximize my income potential! There are definitely things that don’t work, but if you’re willing to pay attention to the things that do…there’s a chance you could make a good bit of money.
Selling you clothes at a consignment shop is a great way to turn a profit on unused items. It’s also super helpful if you’re looking for a quick way to make money. Consignment shops make selling your unwanted clothing, toys, accessories, coats, and shoes uncomplicated and convenient.
Here are a few things to consider when preparing to sell at a consignment shop:
1. Start by decluttering. Go through every closet in the house and consider all unused articles of clothing. If it hasn’t been worn in the past year or two, it’s time for it to go! It’s not making you any money taking up space Establish one pile for consignment/resale and one for charity.
2. Look around at yard sales. I don’t necessarily go out to yard sales looking for things to sell at the consignment shop, but I absolutely keep an eye out for pieces that will sell if I’m out perusing. I look for clothing that is gently worn and in good condition. Those yard sales where they’re selling clothes for $0.25-$0.50 a piece are great opportunities to make money.
3. Take good care of your clothes. Most consignment stores, unlike the common thrift stores, have the tendency to be picky when it comes to what they buy. More than likely, consignment shops won’t take clothing that is torn, stained, or worn. Make every effort to take good care of the clothes you have — it’s the best way for you to ensure that you get top dollar for your clothing. Tips: Hang the laundry instead of using the dryer. This reduces fading and the worn out look in clothes. And be sure to treat stains promptly.
4. Wash, iron, and neatly fold. It’s all about the presentation! And when selling consignment, going the extra mile to present freshly laundered, ironed, and neatly folded clothing can mean big profits.
5. Look around. There are many different types of consignment shops — in many different neighborhoods – it’s important to look around and find the shop in your local area that meets your needs. Visit the shop and talk to the owner, employees, and buyer to learn their policies, purchasing guidelines and reimbursement rates. For example, the children’s consignment shop close to my home offers cash back (at a lesser percentage) or store credit (at a higher percentage) options.
6. Know what they are buying. Once you have located a consignment shop near you, be sure to call ahead in order to verify what season they are purchasing for.
7. Increase your earning potential. Once you tackle your closets, offer to help organize, declutter, and consign for your friends and family. Do it for a cut of the profit on consignment sales and you are well on your way to earning a few extra bucks and starting a nice potential side business!
Truth is, you can make good money selling your clothes at a consignment shop. Each season I’m usually able to earn enough through consignment sales in order to purchase the clothing I need for my children. Follow these tips, and you too could find real money earning — and saving — success.
Do you shop consignment? Share some of your tips for making it profitable!