Most of the research I've done seems to be about high end clothing consignment stores, we already have those in my area I would like to do something different CD's, DVD's electronics,housewares, jewelry, accessories, etc. Does anyone know how these items do in consignment stores.
2006-11-11 15:43:35 · 4 answers · asked by jenny24 1 in Business & Finance ➔ Small Business
For the best profit margin, consider taking mostly high-end, high-ticket items. This will not only net you the best return, but it will also bring in good business if you advertise as such. Make it sound like a boutique, not just a run-of-the-mill used "junk shop." Call items pre-owned, gently used, etc. You can take in nice furniture, jewelry (if you can keep it secure), collectibles of many kinds, electronics like stereo receivers, high-end speakers, computers, high-def televisions, nicer appliances, etc. Make sure you research prices so that you are in line with what a used item should sell for - if people bring in items and expect too much money, it won't sell and will just take up valuable space. Make sure you can test electronics and electrical items, too, because your reputation will be damaged by selling non-working junk! Do make sure to take enough of a commission - if you don't, you won't even make enough to pay the rent. Don't take anything in poor condition as it will make your store look dumpy. If you take CDs and DVDs, you won't make much per piece, yet they will still be a lot of work for you. I wouldn't bother with things like that to be honest. Not worth the hassle! Make sure you advertise a LOT or nobody will even know about the store. Advertising is a good investment. Good luck!
2006-11-11 16:10:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Did you ever think about getting away from 'bricks and mortar' stores which cost a lot to operate - with no guarantees of sufficient business walking through the door, regularly?
You need to pay rent, heat, hydro, salary(s) whether sales are made or not.
Do the same thing but on-line. :o)
If interested in knowing more, please drop me an email.
Good Fortune to You!
2006-11-11 15:55:56 · answer #2 · answered by Smilin' Fred 4 · 0⤊ 0⤋
Entire businesses work with used games for Nintendo, XBox, Play Station, etc. You can certainly compete in this area.
2006-11-11 15:58:52 · answer #3 · answered by Mike S 7 · 0⤊ 0⤋
I think high end furniture would do well depending on where you live.
2006-11-12 05:50:33 · answer #4 · answered by hrmom02 2 · 0⤊ 0⤋