Tag: sourcing

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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Sourcing Beyond the Thrift Store: Meet TJ, Ross & Gift Card Granny

Sometimes the thrift stores just don’t cut it. From what my sources tell me, depending on where you live, they may be pretty expensive as well.

Don’t want to pay $15 for that unbranded t-shirt with a hole in the armpit? I don’t blame you, I wouldn’t either.

So what do you do? Do you give up? Hell no! You have other options and other sources of inexpensive inventory (and they’re usually located right in your local strip mall).

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