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Archive for the ‘economics of resale’ Category

Consignment and resale shops have a real profit tool: the after-hours phone messageIf a potential customer calls your shop when you aren’t open…what do they get?

I tried this, dialing shops across the country, just to see what impression a stranger or a regular would get if they happened to call outside of business hours.

Guess what? Ringy ringy. That’s it. No friendly (more…)

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Go ahead: be open-handed with your coupons. It makes a difference.Received in my email recently, a message from a consignment (or maybe it was a resale) shop looking to rid themselves of the last vestiges of winter merchandise (“We’re getting great spring stuff in and we need the space! $1, $5, $10 racks! Come see!”)

In the email, a coupon for 25% off any item.

In the fine print (more…)

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A gift from me to me: From my favorite consignment shop who believes in GOLD, not in AUYears ago, I visited a shop and saw the owner sorting her sold tags for posting. (Now don’t you roll your eyes at me; this was pre-consignment software.)

But these weren’t tags, they were FRAGMENTS of tags with itty-bitty little writing on them.

The owner was getting three (more…)

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Aren't in the mood to further your resale education? Click to knit these, instead.Snow drifts and icy roads. School closures and travel advisories. Staring the dreaded bills-are-due monster in the face.

Resale customers can’t, won’t, or haven’t the heart to shop. You’ll feel just plain irresponsible if you urged people to bring in consignments in such weather.

But life goes on, and if your shop isn’t pulling in the big bucks right now, how can you assure that it will, come warmer (=more shopping-friendly) weather?

What to do?

How about plotting out some successful ideas for your secondhand shop so that when business picks up, you’ll be ready to

help those shoppers find what they need in your store?

Look around. What needs doing, and what do you need to know in order to do it?

Tired of your boring window displays? Window Displays Especially for Resale Shops is full of ideas including 77 Suggestions for Super Windows.

Wish you could add $10,000 to last year’s figures? There’s 10 Simple Ways you can. (Originally written to show resalers how they could easily make enough money to attend NARTS Conference, you can earn enough between now and June to do it, too!)

Got a web site, but how will folks see it? Blog! It’s easy as your Facebook or Instagram and a lot longer-lasting (and tip: your blog post can automatically show up on your social media, saving time and brain exercise. Learn how (it’s fun!) with Blogging for Resale Shops.

Wonder what your clientele thinks of you? Plan to run a survey this spring with the Customer Opinion Survey Kit. You might be surprised at what your customers can tell you and how much the results will guide your business growth. (I know I was FLOORED by what I learned and made big bucks once I learned it!)

Not in the mood to further your education today? Then go shopping…for something that’ll help YOUR shop.

Got a couple of bucks change back from your shopping spree? Spend it on some mini-Products that are like having lunch with Kate.

The best part of all? You don’t even have to get out of your bunny slippers to shop and get  TGtbT.com”s Products for the Professional Resaler.

No bunny slippers? Click the graphic above to get the pattern for these!

 

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Are your prices big enough in your consignment shop?Is it time to raise your prices in your resale shop? It could be.

It might be time to take a fresh look at your pricing structure if you’ve been at the same place, price-wise, for a few years.

According to the Consumer Price Index Calculator, what $25 would buy in 2007, costs $25.87 now.

That means that for every (more…)

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