This is my post with Ashley…
Sure, the recession has brought back the era of bargain hunting and thrift store shopping, but it’s also welcomed back the return of consignment stores. Consignment shops work in several ways, and each allows you to earn money or store credit for your old, outdated gear. From maternity clothes, to shoes, to sports equipment, to purses, there are consignment stores for just about any of your stuff that is still in good condition.
While donating all of your old clothes, furniture, books or other items to charity is definitely a noble route, if you’re strapped for cash, it simply might not be the best option. Learn how consignment stores work and whether they present a viable money making opportunity for you.
USING CONSIGNMENT SHOPS
What do you think of when you hear the word “consignment?” I’ll admit, it’s kind of an outdated idea. But when funds are low, most people have to get creative about making money and shopping for new stuff, so the idea of buying and selling used goods doesn’t sound so bad.
1. Find a Specialty Store. You’ll make more money if you zone in on a specialty store for your goods.
2. Know What Sells. Consignment Shops specifically look for stuff that sells quickly and easily.
3. Clean Your Items.
4. Read the Contract.
5. Don’t Always Go for the Instant Money.
1) Pick one thing and master it!
2) The 10,000 hour rule: Spend 10,000 hours on any one area and you should become an expert at it.
3) Get some traction on your own. It’ll make you harder to deny.
4) Drum up some pre-sales interest (in the form of an email list) – Mailchimp is a good option and allows you to have about 1500 emails for free
5) Finally, find like minded people with similar economic situations to join forces with, whether it be a co-founder relationship or strategic partnership. You need people who are just as hungry as you. And, if you work with someone who’s way out of your league (for their connections and/or money) then make sure they’re actually contributing that otherwise you may just be setting yourself up to get burned, because their ability to absorb risk is much different than yours.
Making a mobile app these days can be quite expensive, but we just wanted to put together a quick little article for how you can make a mobile app for consignment.
The first thing to take note of, is – what is your most important skill or asset when it comes to consignment? Is it the fact that you keep your clothes (or the clothes you buy) in the very best shape? Or, is it that you know how to recognize trends and coming trends?
Once you figure that out, then you have to really think about what things you’re good at and not good at – because those are the main things that you may want to focus on as far as what you should put into your own mobile app for consignment!
More to come…