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Posts Tagged ‘profit’

Buying Outright. Easier or harder than consigning?As you gear up for your spring incoming, would life be easier or profits better if you bought outright?

How do you get started?

Should you buy it all or just some?

Should you offer suppliers a choice?

How much to pay? HOW to pay?

How much to price it at?

How do other (more…)

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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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Kate's ideas would build business fast

A question people pose to me: What would you do if you were opening a consignment or resale shop now?

Things have changed from when I opened my consignment shop. And I have dispensed advice on how to open a consignment shop, have had uncountable visits here on my blog as well as  Too Good to be Threw The Premiere Site for Professional Resalers and HowToConsign.com Turn your Cluttered Closets into Cash, done numerous consultations and talked to literally tens of thousands of shopkeepers.

So, for inquiring minds

What would I do, if I started a consignment shop today?

* I’d find (more…)

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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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