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Archive for the ‘economics of resale’ Category

Have you learned to say no yet?

Consignment, resale, thrift guidelines to accepting and pricing

Want more on Accepting & Pricing? This Product for the Professional Resaler is one of our top sellers!

Have all the members of your acceptance team?

Better get ready. The fall rush will be on you before you know it. And you’ll have to say no, as you know, quickly, kindly… and clearly.

Of course, as you sort through incoming, you “fill the cup” with the decisions shown here: First, it needs to be clean, then in the condition your customers demand, and so on up to the brim of suitability.

But that’s a lot of if-come-maybes for your suppliers to understand. So no sense trying to tell them all this. People understand best when given one single reason for your no.

Here’s my Big Three, used not only in the no-thank-you staement, but as easy-to-grasp parameters when you’re explaining what you take.

CLEAN, CURRENT, CUTE.

Easy to understand, say, remember. And these three points make saying no

simple and impersonal.

Clean. Sadly, not as obvious to all as we resalers might wish.

Current of course covers in season and in style at the same time.

And “our customers won’t think this is cute“… is the best way I’ve ever figured to say NTY due to style, fashionabilty, or quality. As in, “cute” is what my CUSTOMERS decide not me, so the whole “our decisions must be based on what our customers will buy” is distilled into one word. Of course,

if you’re selling Christian Lacroix shoes or a Knoll sofa

you might choose “classy” instead of “cute.” Or even cwality… oops, quality.

Get your copy of The Money-Wise Guide to Accepting & Pricing here.

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Have a GROUPON party to get the max attention for your resale shopIt’s fine to have a Groupon offering in your consignment or resale shop. After all, you plan on making lots of new fans for your shop from this. But have you taken the next step?

Have a GROUPON Gathering!

Here’s how: (more…)

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Whenever two or more resale shop owners or managers get together, the stories of dealing with customer complaints, misunderstandings, or outright fraud are deep and impassioned. I observed this lately, and you should have seen the body language!

The newer shopkeepers sat on the edge of their chairs, shoulders hunched and eyes ablaze.

The time-tested shop owners and managers? They were (more…)

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Have you ever had the experience of not recognizing an acquaintance in a place you don’t associate her with? I did, the other day, when I saw my hairdresser in the grocery… I just couldn’t place who she was.

That happens (more…)

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So you’ve decided that jacket isn’t very useful. Or those jeans, terribly flattering. Or your kids have outgrown those toys and your spouse hates that lamp.

How do you, as a consignment shop owner, a resale proprietor, or a thrift shop manager, recycle your own stuff? Do you take it in to your own shop or do you use another? And which and why?

If a family member across the continent mentions the clear-out-clutter kick she’s on, what do you advise her to do with gently-used, previously-loved items?

HowToConsign.com urges consumers to ReSell...RePlace...ReJoice while recycling

Me, since I buy almost everything used, I often take things to the Goodwill or Habitat ReStore in my neighborhood. Third-hand stuff’s not always very consignable, is it?

Tell us how you ReSell… RePlace… ReJoice!

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