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How do consignments work?

Daisygirl613Daisygirl613 member
in Georgia Babies

Either stores or the big sales?

I am getting to the point where I don't need to keep the boys clothes anymore so it can't hurt to make a little $$ off of them, right?

How does all that work?  Who decides the prices, etc?

TIA! 

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Re: How do consignments work?

  • morethanreadymorethanready
    I think the store decides on a price to sell the product for. Then the product stays on the racks for a set amoint of time. If it sells, you get a portion if the $. If not, they will give you the option to take it back or they will donate it. I THINK that's how it works. I've read a few store policies last week while looking for dressers.
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  • Mrs. TheobaldMrs. Theobald member

    When selling at consignment sales you make the price and then the sale usually takes 30% of that plus a small fee to sell there.  

    When selling to a consignment store the store decides how much it is going to give you for the stuff you are trying to sell.  I am not sure about what the previous poster has stated.  I have only known them to buy your stuff on the spot.  Some of them will give you more for your stuff if you take a store credit.

     

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  • Mrs MannersMrs Manners member
    The sale I participate in is held twice per year, March spring clothes and August for fall clothes. You pay a $7 fee to register as a consigner. They use the myconsignmentmanager website so you go on the website and enter each item with size, description and a price set by you. You pin the tag on each item. You sign up for a drop off time a few days before the sale begins. As a consigner, you get to shop the presage the night before the public. Anything you sell, you get 70% of the price and the church (sponsor of the sale) keeps 30%. I made about $400 the last two times and that's just one kid from the previous season or two. My sale does have a limit of 300 items and 5 pair of shoes. You pick up anything that doesn't sell the day after the sale (unless you choose to donate it and then you get a tax deductible receipt for the amount). They mail your check in 2-3 weeks. It's been a great resource for buying and selling clothes. Lots of sales now use the same website so you can often transfer unsold items online to another sale inventory and reprint tickets without reentering the items.
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  • maykatmaykat member

    the stores that I have sold to will decide which items they will take to sell.  They decide on the price and you only make $$ when the item sells.

    I've also done a consignment sale and it was a ton of work for little return.  I had to tag and hang everything using safety pins.  I ended up only making $180, but had tagged close to $1K.

    I typically will sell to Sweet Repeats.  I generally make $50-$75 per season and I always end up going in and spending it on clothes for the kids.

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  • Mrs.GuzMrs.Guz member
    It depends on the store. But Some (like Once Upon a Child on Barrett Parkway) give you the money on the spot. While others they set the price and then you get about 50% once its sold. If it doesn't sell after a certain amount of time then they'll give it back to you, or you can opt to give it to charity.
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    Abigail Taylor 09.18.2008


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  • OctoberGal2007OctoberGal2007

    imageMrs Manners:
    The sale I participate in is held twice per year, March spring clothes and August for fall clothes. You pay a $7 fee to register as a consigner. They use the myconsignmentmanager website so you go on the website and enter each item with size, description and a price set by you. You pin the tag on each item. You sign up for a drop off time a few days before the sale begins. As a consigner, you get to shop the presage the night before the public. Anything you sell, you get 70% of the price and the church (sponsor of the sale) keeps 30%. I made about $400 the last two times and that's just one kid from the previous season or two. My sale does have a limit of 300 items and 5 pair of shoes. You pick up anything that doesn't sell the day after the sale (unless you choose to donate it and then you get a tax deductible receipt for the amount). They mail your check in 2-3 weeks. It's been a great resource for buying and selling clothes. Lots of sales now use the same website so you can often transfer unsold items online to another sale inventory and reprint tickets without reentering the items.

     

    WOW- this is impressive, $400!!  I think I need to sell stuff this way in the future! 

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