Posted in Shopkeeping talk, tagged accepting, buy-outright, consignors, profit on December 30, 2009| 11 Comments »
Recently some consignment, buy-outright, and thrift shop owners and managers have been debating about
If a consignment shop is left with unsold, un-reclaimed goods, what should be done with these?
If a buy-outright shop pays low prices for goods offered them and then (more…)
Posted in Shopkeeping talk, tagged buy-outright, Halloween, success on November 5, 2009| 5 Comments »
Consignment & resale shopkeepers can clean up on costumes year 'round!
Did you let your consignors*, your sellers, or your donors know that you want those Halloween costumes now?
No?
Then do it forthwith! (That means make it snappy!)
Why? Because, yes, you can make money from costumes of all sorts the whole year ’round. Read on, for an article from a past issue of our print newsletter, which we no longer publish.
Looking to build your business? Have you considered costume sales and/ or rental?
Dressing up in (more…)
Posted in Shopkeeping talk, tagged buy-outright, consignment, Thrift on January 7, 2008| 7 Comments »
Consignment shops appeal to a lot of potential retailers simply because they do not require a large grubstake to purchase merchandise to sell to customers. Well, they think, that’s cool. If I don’t sell it at a profit, heck, I don’t have to pay for it. So, I don’t sell it, I’m not out a penny.
We’ve already talked about how easy it is to go bankrupt.
There’s another way to go bankrupt in a flash, and this way is not limited only to consignment shops. It applies just as well to BOR stores (Buy OutRight, those second-hand shops that pay cash for underused possessions) and even thrift stores (stores which sell donated items, usually operated by a bona-fide charity).
This way of ruining your own hard-worked, hard-earned, hard-won business is totally inadvertent. In fact, you may see (more…)
Posted in Shopkeeping talk, tagged buy-outright, consignors, resale shopkeeping, starting a consignment shop, Thrift on October 1, 2007| 21 Comments »
That’s what one potential shopkeeper wanted to know the other day. It’s a common misconception. Those looking at the business from the outside in, thin
k They get all their stock for free so what’s the big deal about starting a consignment shop?
Yes, it totally possible for a consignment shop to go bankrupt. Sometimes they seem to go belly-up overnight. Even donation-only not-for-profit thrift shops can fail. And the rate of failure for buy-outright (BOR) resale shops is astronomical.
So before you decide you want to start a consignment shop, open a resale shop, or even organize a thrift for your favorite charity, read this. Even if you are successful (more…)
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Auntie Kate The Resale Expert 