Consignment shops: what are they all about and why are they so popular?
Click here to Consign
Items highlighted by a consignment shop are:
designer items* priced below the regular retail price.
Product new-with-tags being resold lower than original cost.
High quality labels in various conditions of resale.
Useful items that can be sterilized and reused.
*Items should always be expertly authenticated by a third party or provide expert level credentials.
I believe consignment shops are frequented by patrons who care about quality products, who are not always seeking seeking trends and want to participate in the growth of their local economy. While consignment shops do cater to social trends and preferences, there are broader selections of merchandise to choose from like: vintage, collectables, handmade or one-of-a-kind pieces from artisans and designers.
A frequent question in this business is: Where do you source your items?
By asking the right questions and showing people how they can become consignors. When you re-organize your personal belongings, look for:
Gifts you received that went unused.
Gifts given by a past boyfriend/girlfriend or ex husband/wife.
Purchases made for yourself that went unused.
An item that was gently used and cared for but has many more years of use.
Something that served a purpose in your past but no longer does for your current lifestyle.
By explaining what kinds of items are best for resale and how to become a consignor, I am sourcing local product.
People choose to resell their belongings at local consignment shops because of:
The convenience of giving the work to someone else. Not having to deal with constant hagglers or the interruptive correspondence of selling platforms.
By sharing the profits of the sale with a business, they take care of: the sales tax, security and protection from scammers, insurance and promotional exposure.
Consignment shops offer a clientele for that specific item.
Private consignors have a physical proximity to their item and a trusted business person for whom they can discuss the resale process.
They are educated on how the process works and trust that the selection of items made by the consignment shop is the best fit for that clientele with a strategy to make the most return money.
