#1 – Look out for resale opportunities where you can load up on hot sellers.
In our area, sales can never have enough toddler boys clothing and quality shoes. For most sales, baby gear, outdoor toys and boutique brands are the first to go. If you’re a yard sale shopper (and you have the storage space), keep an eye out for those undervalued big ticket items like baby gear and large toys, then negotiate on prices. (Don’t forget to check for recalls before you buy anything used!)
#2 – Promote your favorite sale in every way, shape and form you can.
Tell people about the sale, share their posts on social media, put a sign in your yard for the week of the sale, keep postcards in your diaper bag. Whatever you can do to share news about your favorite sale will mean more shoppers. The more you tell, the more you sell!
#3 – Tag For Friends
Do you know someone with great boys’ clothes or beautiful boutique dresses who doesn’t have time to tag and prep everything? Offer your tagging services for a portion of their sales, then prep and price their items like a rock star! Warning: This does not mean tagging their items as part of your inventory – that’s very frowned upon with most sales. Help your friends set up their own accounts and handle any financials privately. If you’re an established, successful and profitable (!) consignor, see if your sale offers VIP tagging and if you can be a part of it. They may say no, but it never hurts to ask.
#4 – Volunteer for More ROI
Find out the perks for volunteering, then work out what you can do to reap the benefits. Some sales will offer a higher percentage for working more hours or shopping credit in exchange for volunteering, Either of these bonuses can mean a bigger bottom line.
#5 – Set Realistic Goals
The most important way to be profitable at the end of a sale is to keep your goals as a seller and a shopper manageable and realistic for your family’s budget. Don’t go into the sale without a plan. You may spend far more than your family can afford on things you really don’t need. If that happens, it won’t matter how profitable your consignor check is. Make a list of needs, wants and wishes. Keep an eye on your profits if your sale offers a way to track them.
All of these ideas can result in meeting your goals as a successful consignor. What are your favorite ways to make your consignment sale experience super-profitable?
About the AuthorElizabeth Renfroe has a passion for all things consignment sale-related. She enjoys coordinating the Children’s Market Sale at First United Methodist Church, Jacksonville, Alabama.