-Thrifty Business V-

In this blog I would like to address the idea of consignment vs. thrift. Having worked in the business for over 4 years, I have a good idea of how to make it work!  There is a huge difference between a consignment store and a thrift store. Not only in the way that they operate, but also in the way that you use them. I will address both ideas in this blog!

Thrift Stores.

Operation: A thrift store is by definition “A  shop that sells used articles, especially clothing, as to benefit a charitable organization, usually items that have been donated.” The items that you find in a thrift store are given to that store free of charge,  expectation, or attachment. Therefore, whatever is sold in that store is profit to the store and the store (or often their charity) alone. No monetary exchange is made between the donors and the store.

How to use it: Thrift stores are among the best places to buy things. Because their items are donated, they are normally much cheaper than a consignment shop. They often have great sales, and are constantly attempting to get rid of inventory because they have an incredible amount of donations given each day. However, thrift stores can often be pretty dumpy, you have to have a good deal of time and often you have to be willing to bypass the odd smell…Thank you Grandma for your lovely donation of mothball smelling clothing and Avon perfume from 1960.

Where to look:

Goodwill- they often have brand new items donated by Target, they have some kind of contract.

Salvation Army – Call your local salvation army, they often have amazing sales

Local Thrift Store for the Blind – great stuff, dirt cheap

Red Rack DAV – Good selection, usually huge stores, often half off sundays

Consignment

Consignment is by definition

1. The act of consigning.
2. Something consigned.

Idiom:

on consignment

With the provision that payment is expected only on completed sales and that unsold items may be returned to the one consigning: The retailer accepted the shipment on consignment.
Consignment stores take items from sellers and once that item sells the seller and the shop get a percentage of the selling price. These items are often in nicer condition, because both the seller and the shop benefit from the sale of the item. Shops are looking for items that sell well, are in good condition, and that will bring a good profit.
Tips for Selling items
If you are looking to sell items at a consignment shop and actually make some money, here are some great tips.Do some research and see what shop will give you the most percentage when your items sell. some is 50/50 some 40/60 and some are as little as 30/70.
Make sure that your clothes are clean, freshly washed and unwrinkled.
Make sure that your clothes are without stains, spots, pilling, or tears.
If you are taking jewelry, make sure it is untangled, and in separate ziplock bags.
Make sure that shoes are clean inside and out
Make sure that purses are empty of small items, lint, and any creepy things that you don’t want to find in someone else’s used purse.
Make sure that you are very aware of the rules of selling, the shop policies, and what kind of contract you are signing.
Don’t forget your items!A common mistake is that people drop items off and then never check back to see if they have any money, usually after 90 days that money is no longer claimable and is given entirely back to the store.
Where to look
Plato’s Closet pays you outright, they do not take items on consignment, but they give you cash for your items. Personally, I refuse to work with a Plato’s closet anymore. They are rude, don’t take many items, and pay you next to nothing for your lovely clothes. If you are in the Orange Va area, I suggest Terry’s Place. I worked there for 4 years, friendly staff, excellent payouts, lots of traffic.
put key words like consignment and  cash for clothes in your google search engine to find places in your area. Consignment shops are mostly privately run, so they vary based on your location.
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