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Thursday, April 25, 2024

To Consign or To not Consign

The right way to win within the recreation of reselling…

That, my pals, is a query, NOT a press release.

I lately started the method of what I’d prefer to petition as fall cleansing as a result of why ought to we wait till spring to prepare ourselves and our closets? IMHO, closet cleanouts ought to occur twice yearly, however that’s a narrative for a unique day.

Now, again to the subject at hand. My assortment has reached properly into the double digits, and personally, I’ve discovered conserving the variety of luggage I personal at or round a dozen makes essentially the most sense for me.

As soon as I hit 15, one thing’s gotta go.

There are a number of explanation why I restrict the variety of luggage in my assortment. One: house. Residing in NYC merely means I shouldn’t have sufficient house to correctly retailer many luggage. Moreover, I discover that I really use every bag I personal sufficient all year long after I solely have a dozen or so in my assortment.

In fact, a few these luggage usually are not nice for day by day put on, and whereas some get extra use than others, conserving my assortment pretty trim is what works greatest for me. As a result of I’m constantly including new luggage into my rotation, I attempt to promote at the least one bag a yr after I do a closet clear.

To Do the Work or To Ship It Off?

I’ve begun the method of deciding what to maintain and what to promote. Whereas I’m not fairly certain which bag(s) I’ll half with, I’ve begun exploring the huge variety of promoting choices. With the resale market rising quickly, there are extra reselling choices than ever earlier than (keep tuned for a resellers information!).

Do you do the leg work your self and promote by way of eBay or Poshmark, or do you sacrifice some income to ship to one of many high resale websites like Fashionphile, Rebag, or The RealReal? Whereas The RealReal works on consignment, and the method is lengthy, Fashionphile and Rebag pays you outright.

Get Paid Out or Consign?

Nevertheless, Rebag lately added a consignment choice to their enterprise mannequin, and Fashionphile additionally gives the selection to consign. With so many choices and the purpose being to revenue essentially the most, how do you win within the reselling recreation?

Final yr, I bought an outdated Chloé Marcie Bag, and after getting quotes from Rebag and Fashionphile, I riskily determined to consign with The RealReal. Nevertheless, after the bag was marked down and additional discounted throughout the vacation purchasing months, I made far lower than the upper of the 2 payout quotes I acquired.

This left me feeling somewhat defeated. As I start the promoting course of this yr, I do not know the place to start. Do you like to consign or choose to receives a commission out?

Let’s discuss!

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