Busy is a way of life for so many people. If we’re lucky, we might have time to clean out our closets. Once you finally get to your Spring/Summer/Winter/Fall cleaning, what do you do with your stuff? It’s easy to lug everything over to Goodwill, but wait! What about that big ticket item you bought when you got that bonus five years ago? Sure, it hasn’t fit you in three years, but still! Do you really want to send your Roberto Cavalli dress to Goodwill? Wouldn’t it be nice to know that it would go to a good home?
Dropping off clothes at your local consignment shop once per season is a great way to get rid of your clothes and make a few bucks on the side. Furthermore, they take care of whatever doesn’t sell, unless you want to pick them up. But still, be aware that you typically will only reap about 40% of the profit, while the store gets 60%. If you’d rather collect the whole check, or have a big ticket item and really want to collect the whole check, try an online second hand store instead. There are so many options, it’s hard to know where to start. Here’s an overview:
Ebay–tried and true, ebay has been around for nearly two decades. It’s easy to use and does the leg work for you. In fact, if you don’t know the ins and outs of ebay, you can simply send them your stuff and have a “valet” sell them for you! You can even purchase your postage on ebay. Before you start here are few tips to be aware of:
- Ebay now charges you a small percentage of your sales, and more if you use a valet. You will get a monthly invoice and sometimes this takes the wind out of your profit.
- There are a little of tips and tricks when it comes to using ebay. Many local towns even offer classes on ebay–there’s THAT much to know. You may want to educate yourself on best practices of buying and selling in order to make the most out of your profit.
Poshmark—this is really cool. If feels more like Facebook or shoppers. You can post a photo of your item and others shoppers can ask questions and make offers. You can accept the offer, or even a trade. You are totally in control of the transaction. It’s totally laid back and user friendly. You can personalize your search so you get a regular “feed” with items you may like.
thredUP–an online consignment store. I like this store. It offers a really high-end vibe for consignment shopping online. Here’s how it works:
- Order a thredUP Clean Out bag and fill it with your retired goodies and send it back for FREE.
- Their “fashion resale professionals” review your clothing and pay up to 80% of the resale value! You can earn thredUP shopping credit, or simply cash out with PayPal.
The Real Real–this is the most exciting because they ONLY take super high end clothes. The plus is they have a reputation for giving you a great price, but do plan to spend if you shop there. Don’t worry, there are coupon codes weekly!
If you’re REALLY savvy, check out Shopify, a platform that allows you to create your own online forum!
Good luck and happy shopping!