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Showing posts with label reselling. Show all posts
Showing posts with label reselling. Show all posts

Wednesday, March 12, 2014

Reselling at Community Consignment Sales

There are all kinds of creative ways to resell your kids clothes and 'stuff'. Large-scale community consigment sales are becoming more and more popular (and a great way to find good deals too). Google 'kids consignment sale' to find one near you.

I go to a sale in my area that is a Just Between Friends franchises. Usually in the fall and spring, there is a scheduled sale in a community center or public venue and you can sign up to be a consignor. Once you sign up, you use their system to create tags that identify your items and you set the price (remember you want them to sell!). The websites have excellent guidelines and video tutorials that are quick to review so you'll have an idea of what sells and how to prepare your items. You will need some minimal supplies and I recommend this tagging gun because the fine needle is less likely to cause damage.

You can volunteer at the sale and earn a better commission. I volunteer for 4 hours and earn a 70% commission on my items. Volunteers also have the priveledge of shopping early before the main sale and discount sale and I have a lot of fun doing it.

You'll see a schedule of when to drop off your items and they do the rest. You'll be able to login to your account and see what has sold (through your bar-coded tag) and wait for a check to arrive in the mail in a week or two. You can pick up the items that didn't sell (and save them for the next sale) or just let them be donated and receive a receipt for a tax-deductible donation.

Don't have time for tagging? You'll earn less commission, but many sales will do the tagging for you too. Easy breezy!

Sunday, March 9, 2014

Reselling - Part of the Savings Cycle

What's reselling? In particular, I talking about kids clothes and toys because they outgrow things so quickly. What do you then? If you automatically think of lots of clutter and work, think again!

Reselling is one of the final possible steps in the cycle. For my toddler/preschool-aged girl, she has a better quality/bigger wardrobe than ever before and I likely break even or make money on it after I resell it. I've shared tips for buying quality at deep discounts either at retail stores, consignment sales, or thrift shopping. Reselling is an essential part of the savings cycle. There are endless options that are quite a bit of work or nearly effortless. You have plenty of options depending on the time and payback you want:
  • eBay/Amazon/other online selling
  • consignment: online or brick & mortar stores, or big seasonal sales
  • garage sales
  • tax deductible donations
  • Facebook trading pages
  • Craigslist and similar sites
  • the list is endless...
The next few blogs are going to focus on the Just Between Friends consignment sale that I participate in seasonally. It's huge, fun and a perfect place to resell and find new bargains!

Saturday, June 22, 2013

Yes, Savings Excite Me...Here's Why Part 2

Now that I had found my first thrift store treasure (something worth a lot more than I paid for it), I was off to another world I had no idea about. Enter eBay and all the other ways for reselling.

I had bought and sold on both eBay and Amazon many times before, but only my personal things that I no longer needed. The world of buying to resell and make money was new to me. 

My first debate was whether to sell that book or not. This adorable board book I bought for my daughter. Could I flip it and make $40? And, should I even try?

As I agonized over that decision, I started to research how to become a seller. I became a Stork. There are many resources out there to learn all kinds of things about all the different ways to resell online. I found the most amazing online forum of experienced sellers and supportive women. Here Comes The Stork- your guide to selling online! is a forum for sellers that requires a membership. It's not very expensive and it was worth every penny.

And I began to discover the cult-like following of Gymboree clothing for kids. This was a store I'd never gone into because I thought it was too expensive. Now I can't afford not to shop there. 

Thursday, April 25, 2013

Consignment Sale Drop Off - What to Expect

I have already mentioned community consignment sales as a terrific option for reselling kids clothes and toys. I go to two Just Between Friends sales in my area. The first one starts today and I'm excited!

Here's how it works. First you sign up for the sale and tag your items. I've covered this in a previous post and the JBF website has awesome tutorials.

Drop your stuff off:

1. Load up your vehicle and head to the drop off. There may be carts or clothing racks available to help you bring in your things, but you may have to wait for one. Be patient and give yourself time. If you don't have time for this, sign up for their Express Drop Off.

2. Your clothing will be inspected for stains, tears, etc. If you have less than 3 rejected items, you'll be on the list to skip inspection next time.

3. Put your items out on the sales floor. All done :)

It doesn't hurt to keep your eyes open for hot deals while you're doing this. You can't shop yet, but you'll be ready!

Next step, shopping the pre-sale...



Monday, April 15, 2013

Reselling at Community Consignment Sales

There are all kinds of creative ways to resell your kids clothes and 'stuff'. Large-scale community consigment sales are becoming more and more popular (and a great way to find good deals too). Google 'kids consignment sale' to find one near you.

I go to two sales each season in my area that are Just Between Friends franchises. Usually in the Fall and Spring, there is a scheduled sale in a community center or public venue and you can sign up to be a consignor for free. Once you sign up, you use their system to create tags that identify your items and you set the price (remember you want them to sell!). The websites have excellent guidelines and video tutorials that are quick to review so you'll have an idea of what sells and how to prepare your items. You will need some minimal supplies and I recommend this tagging gun because the fine needle is less likely to cause damage.

You canvolunteer at the sale and earn a better commission. I volunteer for 4 hours and earn a 70% commission on my items. Volunteers also have the priveledge of shopping early before the main sale and discount sale!

You'll see a schedule of when to drop off your items and they do the rest. You'll be able to login to your account and see what has sold (through your bar-coded tag and wait for a check to arrive in the mail in a week or two. You can pick up the items that didn't sell (and save them for the next sale) or just let them be donated.

Don't have time for tagging? You'll earn less commission, but many sales will do the tagging for you too. Easy breezy! How much time you spend on this is really up to you.

Tuesday, April 9, 2013

Reselling...you have options!

If you automatically think eBay and a lot of work, think again!

For kids clothes and toys, reselling is one of the final possible steps in the cycle. I'm not familiar with anyone who makes money on their kids toys, but if you have an item that is pristine or never opened and ends up hot and hard to find, you may be in luck.

Clothing...well, for my toddler/preschool-aged girl, she has a better quality/bigger wardrobe than ever before and I likely make money on it after I resell it. I've shared one tip for buying quality at deep discounts in my stacking blog with the Gymboree example and more tips will be coming. Reselling is an essential part of the cycle. There are endless options that are quite a bit of work or nearly effortless. You have plenty of options depending on the time and payback you want:
  • eBay/Amazon/other online selling
  • consignment: online or brick & mortar stores, or big seasonal sales
  • garage sales
  • tax deductible donations
  • Facebook trading pages
  • Craigslist and similar sites
  • the list is endless...
Look for more details on options for each of these soon!

Friday, April 5, 2013

Work it baby, work it.... store rewards!!

Wherever you prefer to shop, rewards programs are the norm these days. They are also overwhelming. It's tricky to even find your card, let alone understand the intricacies of the system.

Out of your favorite stores, pick a couple and really get to know and use their rewards programs. Later you can check out a couple of other stores to compare. Keep it simple.

Let me give you an example. When my daughter was a baby, I would not even bother to walk into a Gymboree store because there was no way I was going to pay those prices. Now, it's hard to find anything in her wardrobe that isn't Gymboree!! The reason is that I understand their rewards program, use it to buy clothes at 70-90% off, and it's got good resale value (look for reselling in a future blog).

Here is how I stack up there savings:
  • Sign up for their rewards card - instore or online, it takes two minutes, you'll get rewards vouchers, coupons, and advance notice/access to sales.
  • Sign up for their Visa - you'll get an extra 5% off every Gymbo purchase (*Note: only do this if you can use a credit card and pay it in full each month. Interest charges negate any savings.)
  • Always use a coupon - Family Fun, Parent, Parenting magazines.
  • Always shop sales and clearance.
  • Gymbucks - on a quarterly basis, you can earn $25 in Gymbucks for every $50 you spend and redeem them the same way during their 10-day redemption period. (Keep those purchases as close to $50 increments as possible to maximize savings.)
Let's crunch some sample numbers. Let's say I make a purhcase that would total $175 at full retail value. BUT...I never pay retail. So watch how the savings stack up:
  • Brick 1 - I shop the clearance racks and average a 60% markdown (this is doable and you can do better) - $175 now will cost me $70.
  • Brick 2 - I have a Gymbo Visa - additional 5% off - $66.50
  • Brick 3 - I have a 20% off coupon - $53.20
  • Brick 4 - I paid $53.20 and earn $25 in Gymbucks
So far I'm at 70% savings on my purchase, but have potential for more savings. Next, during the Gymbucks Redemption period:
  • Brick 1 - I shop clearance for an average of 60% off - $140 in clothes on clearance - $56
  • Brick 2 - I use Gymbo Visa - additional 5% off - $53.20
  • Brick 3 (coupons cannot be used with Gymbucks)
  • Brick 4 - Redeem $25 Gymbucks - pay $28.20
Now, over the past three months, I have purchased $315 in clothing for $81.40. That's 75% off!!!

Later I can resell it and likely pay $0 in the total cycle or actually make money. We'll save that for a future blog post.

Remember, I am sharing an example of how I stack different savings opportunities. Many stores have their own program. All stores, including Gymboree have policies that are subject to change so pick a favorite store and get familiar with the policies. You'll likely make a mistake or two in the beginning, but the savings really do start to add up.