In my area, there is one huge consignment sale run twice a year by a local church that everyone knows about. It is the place to go if you are in the market to buy gently used, good quality used children’s clothing, and the waiting list to become a seller is a mile long. I know, because I’ve been on that waiting list for over two years.
But on Monday I got the call I’d been waiting for – they had a seller pull out at the last-minute, and had an opening for the spring sale. Which is in less than 3 weeks. Was I interested in becoming a seller?
Of course I was interested!
The timing, although quick, actually works out well for me, because our neighborhood association garage sale weekend is the following weekend. So anything that doesn’t sell at the consignment sale will already be prepared to go into our garage sale. Hopefully between the two activities, I will significantly whittle down the 7 boxes of outgrown kids clothing that reside in our guest room closet, and create a few snowflakes to tackle the last of our ever-dwindling non-mortgage debt. So in the meantime, I prepare to succeed.
Priced to Profit vs Priced to Go
Although I would love to make a little money in this clothing-selling venture, my primary purpose is to pass on all the clothing my kids have outgrown in their lifetimes that I still have. So I price my items to sell versus pricing them to make a good profit (a little under what the current general selling price are for similar items). This means I’ll most likely sell more of my items, but make less money on each item. Because I am a frequenter of yard sales, consignment sales, and have been to this specific sale 4 or 5 times, I have a good idea of what the going rates for items like mine are. So I’ll set my prices a bit under that and hope for the best.
Presentation isn’t Everything, it’s the Only Thing
I want to sell as much as possible, and as quickly as possible. So I’ve been washing all of my items and checking them for obvious defects. When I label and repack them, I fold neatly or lay flat as to disturb things as little as possible. The nicer everything looks, the more likely it is to sell. I’m competing with tons of other clothing from sellers, I need mine to make a great impression.
Devil is in the Details
Every sale has a protocol to follow, and this is no different. I need to make sure I have the right color tags, that I’ve put my seller id number on each of my tags, and that I know when the dropoff and pickup times are, so I don’t forfeit my profit or my unsold items. If I leave off my number, I don’t get credit, and if I don’t come by a certain time to pick up unsold items, I lose them. So I’ve marked my calendar and made a checklist to follow to adhere to the guidelines.
The sale is May 2nd, and I am hoping for a very successful one. And even if it isn’t, now that I have my foot in the door I can continue to be a seller as long as I would like, so hopefully I can learn from any mistakes I make and do even better at the next sale!