How to Make Money Using Consignment Stores

I don’t know about you, but if you have watched the show Hoarders you are probably eager to clean out your closet. I’ve never been a hoarder, but after watching an episode of Hoarders, I was ready to get out the boxes and trash bags and start tossing the items in my house that I didn’t want or need.

You typically don’t have to twist my arm, because I find that cleaning out my house and closet is liberating. I hate clutter andexcess crap lying around so I find nothing more satisfying than spending a Saturday afternoon rounding up the things that I do not use or wear anymore. Not to mention once I found out about consignment shops… this whole cleansing of excess baggage became so much more exciting.  Not only could I get rid of my excess baggage, I could actually get paid for it.

So, on your next free day…take a breath and take some time to go through your belongings. If you haven’t worn a pair of jeans for 3 years, I think that means it is time to consign them.  Most consignment stores will take furniture, dishes, paintings, clothes etc.  Here are a few pointers you might want to follow:

1.  It’s up to you to find your perfect local consignment store.  Some consignment stores might be a better fit than others.  I found the perfect consignment store in my area by asking lots of questions and picturing where my items would sell best. For instance, do they only take clothes for that particular season? Meaning if it is December, you wouldn’t want to bring them a bag of shorts, and tank tops. Instead, you would want to drop off a bag of winter coats, snow pants, hats, etc.

2.  Be sure to ask them how you will be paid.  Do they take half of the profit?  Meaning if they decide to sell your winter North Face coat for fifty bucks, how much will you make out of that?

3.   Typically they’ll give you an account number  so when you come in with your garb, you can write your account number on the bag.  Then you are allowed to stop in, or call and check on how your account is doing.  If they have managed to sell some of your items, you can usually have them give you a check and/or have store credit.   Ultimately it’s your decision, but I typically opt for the check!

If you’ve got extra stuff around, give consignment stores a try!

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