Month: October 2016

Confessions of a Shopaholic’s Friend: Selling Consignment for Others Online

Sourcing inventory can be a fun but challenging process. What if there aren’t many cheap thrift stores near you? What if garage sales are low-end and/or sporadic? What if you just don’t have enough money on hand to invest in inventory to resell?

For these people, consignment is a great option that I’ve used with a lot of success.

What is consignment?

Consignment is specifically an agreement to pay a supplier of goods after the goods are sold.

It’s typically done in a store setting, where someone goes into a store and strikes a deal with the shop-keep, however, a person will give you their items to sell online too.

In principle, the owner of the item and the seller of that item will agree on final price. Once the item sells, the seller will pay the (now) former owner, and in turn the seller will get a previously agreed upon percentage of the sale.

How does the item owner get paid?

There are two main ways for item owners to get paid, and there are pros and cons to each method.

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Mercari Beta Ending: Prepare for 10% Fees

Update: Mercari has announced they will be postponing their transition to a 10% fee environment until November 21, 2016. This is their formal statement emailed to all subscribers/users. (Note that all comments below still remain true, just delayed one month.)

mercari-nov-21

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Raindrops on Roses and Whiskers on Kittens: 5 of My Favorite Things (Found While Thrifting)

best items found flipping thrift stores

The day will come ( if it hasn’t already) when you’ll be minding your own business, scouring through the racks of misfit clothing when suddenly you will stumble upon the HOLY GRAIL.

The HOLY GRAIL is an item that makes your heart completely stop. An item that makes you question if it’s real or too good to be true! It’s an item that makes you question our nation’s priorities — how could something so expensive just be discarded? HOLY GRAILs don’t happen all the time, but when they do, be prepared to break into song.

Here are 5 of my favorite things I’ve found while out on the prowl.

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