Consigning your clothing can be a great way to both clean out your closet, and to make a little money at the same time. But did you know that with a little practice and know-how, you can turn consigning into a real money-making venture? Here are some tricks-of-the-trade serious consigners say bring in the big bucks:
1. Don't look in your own closet. Serious consigners know what sells – and they are always on the lookout for bargains. They shop their local thrift stores for items to bring to the consignment store. Garage sales are another valuable resource. A $2 sweater at the local Goodwill or Salvation Army could sell for $15 or more on consignment. If you get 50% commission, that's an easy $5+ profit.
2. The consignment store owner can be your best resource. She can tell you what merchandise is in demand, and what shoppers are looking for. She may be able to tell you what sizes and styles sell best and which brand names she likes to stock. She knows her regular clientele and what they will buy. This information can be invaluable, especially if you're looking for items to consign outside of your own closet.
3. Find the right store for your clothing. If you live in a large city, there are likely to be a variety of consignment stores in your area. Let your fingers do the walking before you set up an appointment. Calling the stores and asking a few simple questions may save you tons of time in the long run. Ask what type of merchandise they sell — career wear, casual wear, or both? Do they only sell designer merchandise? What percentage of the selling price is yours to keep? Are there any fees involved? Use the information to decide which consignment shop is right for you.