Thanks to Chrissy for the following guest post:
We all know the economy is still in the mud (geez, that puddle sure is deep!), but that isn’t stopping smart mamas from digging up extra dollars by perfecting their consigning skills. Many swap savvy ladies literally hit pay dirt pocketing checks with four-digit totals every sale season—I call these wise women Power Sellers.
Power Sellers have one thing in common—they’ve all cracked the children’s consignment sale code. They know where to sell, what to sell and how to price items to bring home the big bucks. You can become consignment selling super star too by simply following the five P’s of Power Selling:
Plan your selling strategy
Research your area children’s consignment sales to see which offers the best split to the seller (look for 70 to 80 percent), draws a significant amount of traffic and has earned kudos from past shoppers. Some sales offer volunteer or referral opportunities to increase your percentage returns.
Pick the perfect items to sell
The secret to getting the biggest paycheck is picking the best sellers. Our community of consignors says they have the best luck selling large outdoor toys like Little Tikes Playhouses or Cozy Coupe cars and boutique, brand name, or new with tags (NWT) kids’ clothing. Children’s shoes, books and DVDs also are hot commodities.
Purchase your picks
Selling your kiddos’ clothes and toys will work, but Power Sellers know how to find deals to add to their resale merchandise and boost their returns. Seek out deep clearance racks, peruse local thrift stores and drop by area yard sales. A good rule of thumb is to think 1-to-3. Will you be able to sell the item for three times what you paid? If you can, it’s a deal. If you can’t, it’s a dud.
Some moms also get great resalable items for free. They beg and barter with friends and family, join area Freecycle groups where locals literally give things away at no cost, and seek out free finds on Craigslist.
Prep your purchases
Power Sellers know the littlest details count. Ensure your items stand out among the rest by paying close attention to packaging and presentation. Scrub away goop on toys, launder and iron children’s clothing and replace worn shoelaces.
Price your way to a paycheck
Pricing is key to selling on consignment. You don’t want price too high and you certainly don’t want to go too low. Price items 1/3 of what you paid at retail or check out the ConsignmentMommies.com Pricing Guide for more help.
About the Author: Chrissy Freeman is the founder of ConsignmentMommies.com, the leading online resource for all things kids consignment. Freeman launched ConsignmentMommies.com in 2009 to empower moms to help other moms save and make money through children’s consignment. Today, ConsignmentMommies.com features a national directory with more than 1,700 sales and 750 stores rated and reviewed by actual shoppers and sellers. The site has become the go-to-source for shoppers and consignors to get advice and share ideas.