If there is one thing I have learned about consignment, it's that one size does not fit all! Some people love it, some people think it's a waste of time and some people could careless....they just want to get rid of their clothes.
Everyone can be a consignor and everyone should be a consignment shopper! Our planet needs you! But that's a topic for another day.
Let's find the right fit for you as a consignor. Perhaps the most important questions you can ask yourself is, do I want the biggest bang for my buck or do I want to get rid of my clothes effortlessly? Here are the most common ways to consign.
Effortlessly | Patience to Make the Most Money:
You have the potential to make more money in the long run with little to no effort. Here at Josie's Friends, we offer a way for you to send in your consignment and forget about it. There is no expiration date, so your items have a chance to sell over a long period of time. While some consignors see quick sell through, it's not always the case. You may have great items but they may take time to sell, so you will have to be patient.
Effortlessly | Quick Money:
Places like ThredUp pay you when they receive your bag. Because they are taking the risk of being stuck with your inventory, the payouts tend to be much less than if you were to go with a traditional split. They may pay you $5 for an item and sells for $30. But they might not sell your item and then they are out the $5 that they paid you...hence the risk. You get quick easy money but it can sometimes be far less than what the garment is worth.
Effort | Quick Money:
Consignment events can sometimes be lucrative for consignors and since the sale events are over one weekend, you can be paid out pretty quickly. However, the process for being a consignor for these events can be very time consuming. Look carefully at the requirements for the event and calculate your time in prepping the garments. Some require the consignors to volunteer at the event as well.
Effort | Patience to Make the Most Money:
You can walk away with a higher percentage of the sale price at places like Poshmark but you will need to put in more work. You essentially become a shop owner on their website. They do take a percentage of the sale to sell on their site and the competition is high. Do some research before you start selling to learn how to sell online effectively and efficiently.
Whatever you choose, consignment is important for our planet. Everyone can be a consignor, just look for what options work for your lifestyle today and give it a go!