• New here?
  • Resources
  • Ask Kate
  • Shop for Info

Auntie Kate The Resale Expert

Kate Holmes of TGtbT.com talks with consignment, resale & thrift shopkeepers about opening, running, & making their shop THRIVE!

Feeds:
Posts
Comments
« Building your consignment, resale, or thrift shop.
Tired of the slow lane in your consignment shop? »

Is your consignment, resale, or thrift shop AWASH yet?

August 18, 2011 by Auntie Kate of Too Good to be Threw

Selling as much as you take in is crucial for consignment, resale, and thrift stores.The last three messages I got from resalers across the country (to be specific, the East coast, the middle of the country, and yes, the West coast!) all were some version of

“Help we’re drowning in incoming!”

Here’s what I told them. Maybe one of these ideas will inspire you.

TGtbT.com keeps resale shops from drowning in their own successOne shop found relief in simply using the undersides of things… and the top sides too! Yup. I had to “give them permission” to tuck baskets of onesies under the hanging infant outfits, to put 2 of the 6 dining chairs on TOP of the table, and to do waterfalls of fall tees on their 4-ways.

TGtbT.com keeps resale shops from drowning in their own successOne shop had on their FB page “We have Old Navy jeans between $2 & $5”. I suggested they remove these low-end items from the selling floor, since they had a backlog of $10-$15 jeans waiting to go out. Especially now, at the beginning of back-to-school, their young shoppers are more concerned with the cool factor than with saving money.

TGtbT.com keeps resale shops from drowning in their own successAnd the third shop? They concentrated on FB, Twitter, the web site and their blog on getting out an attractive offer that would sell more, faster… so the shop could make room for more great stuff! Postcards, calls to “regulars” and want-list people, window signage and even using all those last-ditch efforts: Craigslist, community garage-sale listings… all those places which may not normally be worth the effort… are helping them draw more customers now, and building business for the future too.

Now I know what each of these shopkeepers wanted to hear from me.

And I didn’t say it. They wanted me to tell them it was okay to halt incoming until they sold enough stuff, in the normal course of events, to make some room. But you know I’d never ever suggest that such a move would be wise in the long run (or in the short run, for that matter.)

Need more? Look in your copy of How to Make More Money, a TGtbT.com Product for the Professional Resaler, or get it today in the Professional Resalers Shop.

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to email a link to a friend (Opens in new window) Email
  • Click to print (Opens in new window) Print
  • More
  • Click to share on Pinterest (Opens in new window) Pinterest
Like Loading...

Related

Posted in Shopkeeping talk | 5 Comments

5 Responses

  1. on August 18, 2011 at 9:11 pm Otra Vez Couture Consignment's avatar Otra Vez Couture Consignment

    This year I got SO organized (4th year) to get ready for the onslaught of Fall merch AND…. because of the 101 to 103 temperatures in South Texas (a record in triple digits), it’s been very low key. I’m still waiting….


    • on August 19, 2011 at 8:24 am Auntie Kate of Too Good to be Threw's avatar Auntie Kate

      Well, Otra Vez, don’t miss the blog entry you’ll be seeing in a few hours’ time… Auntie Kate anticipates your every need! πŸ˜‰


  2. on August 18, 2011 at 5:55 pm Kristen's avatar Kristen

    I’ve been overwhelmed here as well! Moved from a 350 sq ft store to about 1400 sq ft. The increase in business has been great but I was slipping on what I was accepting! I agree with Tara that the little items just don’t make sense. Onsies, bibs, sleepers. So not worth my time and effort!


  3. on August 18, 2011 at 3:56 pm Tara's avatar Tara

    So timely, Kate! The last few weeks we have been overwhelmed. Many nights I was at the store until the wee hours of the morning, just trying to catch up on the incoming tagging & hanging. When I ran reports to figure out why I was so far behind (duh, right?) I found that we were taking in 4xs the number of items that we took in during the same weeks the previous year.

    Armed with that information, my most senior staffer and I sat down to strategize. We decided, like your suggestion, that the best course of action was to become even more picky and stop taking in the lower end brands. We obviously had no shortage of stellar clothing coming in, so there was no worry there. (we did not notify customers/sellers/consignors of this change…we just limited our incoming to the absolute BEST of the BEST)

    For one month, we kept to that super strict incoming policy. We were doing seasonal changeover. In addition to the increased incoming, we also had approx 70 totes of off-season storage to pull out (still working on that). Just this week we went back to accepting all brand levels (we have customers at all income levels and many love those lower price points) and have a good mix.

    However, even though we’ve gone back to taking in all brand levels, we have kept our super-pickiness AND done away with some categories of clothing that we realized were just time-suckers without much return (onesies, socks, bibs, infant caps, tights, hand mitts, soft booties).

    In the long run, this period taught me a lot about what is worth our time and what isn’t, balancing customer demand with practicality of space and display.


    • on August 18, 2011 at 4:14 pm Auntie Kate of Too Good to be Threw's avatar Auntie Kate

      Nothing like an emergency, huh, for getting us to really take a true look at what works and what doesn’t, huh? After all, assuming a shop has the customer for a $15 whatever, why fill that space with a lesser-quality, less-fantastic $7 whatever! The 2 items cost the same in time, effort, and space… and one makes twice as much as the other. Thanks for this, Tara!



Comments are closed.

  • The Blog of

    Too Good to be Threw is the flagship site of the TGtbT Family of Sites for the Professional Resalers

    Too Good to be Threw is the flagship site of the TGtbT Family of Sites for the Professional Resalers

  • Being a shopkeeper's time- consuming. Get each new post in your mailbox the minute it appears. It's like a "New Arrivals" rack in your store...so you don't have to comb the racks. Unsubscribe anytime but I'm guessing you won't.

    Join 2,063 other subscribers
  • Let’s be Social

    • View 2Good2BThrew’s profile on Facebook
    • View 2Good2BThrew’s profile on Twitter
    • View 2good2bthrew’s profile on Pinterest
  • Meet Kate

    Kate helps resale, consignment, and thrift shops prosper.
  • What Kate said about:

  • When Kate said it:

  • Read more about:

    accepting accessories advertising blogging buy-outright christmas competition consignment consignors customers daily operations display email employees Facebook Halloween holidays home decor HowToConsign.com learn a lot markdowns merchandising NARTS Conference perceived value Products for the Professional Resaler profit promotions resale shopkeeping sea of sameness selling shop local small business social networking starting a consignment shop success thought for the day Thrift Twitter web word of mouth
  • Most Popular Posts

    • Create a New Year's gift to clients that's a business booster too!
    • Consignment, resale & thrift info
    • Resale store layout don't's
    • New Year's Eve for consignment, resale & thrift shopkeepers
    • Christmas Display Windows for Resale Shops: Part 1
    • Spreading good will via candy canes

Blog at WordPress.com.

WPThemes.


  • Reblog
  • Subscribe Subscribed
    • Auntie Kate The Resale Expert
    • Join 2,063 other subscribers
    • Already have a WordPress.com account? Log in now.
    • Auntie Kate The Resale Expert
    • Subscribe Subscribed
    • Sign up
    • Log in
    • Copy shortlink
    • Report this content
    • View post in Reader
    • Manage subscriptions
    • Collapse this bar
 

Loading Comments...
 

    %d