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Video on How To Start A Consignment Shop

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How To Start A Consignment Shop
Victor Epand
1.Visit the Consignment Shops Near Your Home
Start your search using your local search engine and the Yellow pages and prepare a list of stores that you would like to consider. You may want to ask around your circle of friends as well for recommendations. Consignment shops vary in quality so try to do some research about the shop before you contact them or consider working with them.
2.Gather Information
Try to visit or call each consignment shop on your list to gather information and to ask questions. If you are calling, find out:
- Do you need to schedule an appointment or can you simply stop by?
- Is there a fee to meet with the store?
- What is the percentage that they charge to sell your clothes?
- How does the store track purchases?
- When do they pay for an item that has been sold?
- What types of items does the store accept?
- What condition of clothing do they accept?
3.Organize Your Used Clothing Items
If you have a large quantity of used clothing, you will need to separate the items by category and condition. Start with the used clothing that is in the best overall condition when you are working with consignment shops. It will be helpful for your appointment to have the clothes separated by men's clothing, women's clothing, children's clothing and by type. Some common types of used clothing that a consignment shop will accept are shirts, pants, jeans, suits, accessories, skirts and coats. If the consignment shop that you have chosen is only accepting for a particular season, separate the clothes that you cannot bring into another pile to bring in for the next season.
4.Prepare your Items
You will want to make the best impression possible at your meeting to ensure that you get the best price possible per item. Some clothing will need ironing, washing or minor repairs before they are ready to present. Fold the items neatly or hang them on hangers when you bring them into the store. If you find items that are not in great condition, set them aside to donate to a charity.
5.Negotiate
When you are meeting with the consignment shop, negotiate for the best commission rate and the best possible price per item. Before leaving your items, make sure that you fully understand the sales process, the tracking of your items and the payment process.
Consider donating the items that are not accepted at the consignment shop to a local charity of your choice. Selling your better quality clothing at a consignment shop is a great option to generate some additional income to replace items, buy clothing for your kids and downsize the unused clothes that are in yours or your family's closets.
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