Monday, May 17, 2010

Consignment Shopping tips for the Savvy Mom

In this economy, getting the best value for your dollar can make a huge difference on your budget.
I have been involved in consignment shopping and selling for the past 5 years.  Now working for my favorite consignment store I have fully learned some tips for both sides of consignment, and am so excited to share with you some of my tips for success!

Tips for Shopping:
1. DON'T know what you are looking for:  So maybe you're after some shorts for your little one. Or maybe you're needing a dress or formal for yourself for a party.  First off, clear your mind of anything you think you want to find. The trick to consignment shopping, and any used shopping, is to be open to what is there.The world of resale shopping can be colorful and diverse. It's quite possible that there will be endless trends and options available for you to consider. If it's vintage you are after, then there are great stores that are knowledgeable in finding a specific decade. My best finds have been the items I wasn't expecting or looking for.

2. Find your honey hole.  There are more and more resale shops popping up now due to the slagging economy. Almost everyone is looking to make money or save money.  Scrutinize the condition of the store when you visit for the first time. How are the racks arranged? Is everything easy to locate and does there look like there is an order to the inventory? Are the tags clearly marked and pricing easy to understand? Is the type and condition of the merchandise comparable to the price you are willing to pay for the item? Are the staff attentive and friendly? If it is a store specifically for children, are they kid friendly? These kind of qualities are important especially if you will be consigning merchandise there. If you see lots of cute things that you like in your sizes this probably means they have consigners that have the merchandise you would buy and that means, you scored!!!

2. Shop regularly and shop often.  Once you find the store that you like the merchandise selection and condition, stop by at least once or twice a month and cruise the racks.  Look for the gold and be ready to buy. You won't always find what you want when you need it, unless you have a good relationship with the store, I'll cover that a little later.  If it's overall savings on yours or your children's wardrobe, consignment/resale shopping is a cumulative result. The more you accumulate, the better your satisfaction with used clothing shopping.  Don't be afraid to mix up your options with consignment, specialty, thrift and garage sales.  The more you shop, the more opportunities for great finds.  Just tell your husband I said so. ;)
 (wink)

3. Be Familiar:  Once you find a store you like, get to know the employees and owners. They are trained to learn what repeat customers like and sizes they are after and can get you first dibs when new merchandise arrives. Sign up for any email or mailing lists that can get you into exclusive and "season change" sales, or special VIP discounts. Knowledge is power.

4. Know your brands.  Part of being a good resale consumer is knowing a good find when you see one. Know what brands are hot, and what is not. There are a few things to look at:  Age, condition, cleanliness, and price. Expect to pay at least 30% of new and up to 50% for an item. If something is not up to par with the price, such as a small spot or tear, don't be afraid to ask for a small percentage off the price, just be willing to buy it and keep it.  No returns.


Read "How to Make Money with Resale" here.

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