Tuesday, August 11, 2015

Are you missing a GREAT Opportunity for no cost inventory???

Happy August All

To start off with, you are about to enter into the $$$$$$$ part of the year, the HOLIDAYS, where everyone will be getting out their gift list and planning their holiday parties and family gatherings.  For most of us online sellers this is our BIG time of year!

So coming off of what some find a slower time of year the summertime and entering into the 4th quarter how is your stress level???

Do you have enough inventory to carry you through or are you trying to find things to stock your store with.

This is about finding things that do not cost you money up front, I am talking about selling items for other people.  NOW before you say NO WAY, let me give you some food for thought.  If you are running on low funds and need to add more things, get more listings done and improve your sells, then this might be an answer for you.

BUT let me give you some pointers that might work for you.  I have been selling for other people for over 5 years now.  So through this period of time I have learned some things that make it work well.

The first obstacle I had to overcome was not putting a value on me as a seller and a person.  You see for years I was to timid to charge for anything that I had experience at doing.  As a former hairdresser I was always giving away my time and talent for FREE.  I hated charging my friends and family for that service UNTIL it got out of hand.  I was almost doing more hair cuts, perms and colors free then I was doing at my full time job in the salon. And of course this caused stress on me.

Well the same thing holds true for you as a seller.  Think about the time and effort you have spent improving your business, striving to have a great reputation ( especially the customer service part) and I might add, how many times have you paid to learn new things to make your business more successful.

What do you bring to the table to sell things for others.  You know there are many consignment shops that sell things for others and usually their take is 60%, paying the person with the goods only 40%.  You see if you did not bring all your experience, reputation and knowledge and time to the table all they would have is an "item" that was setting in their home or business gathering dusts and being a constant eyesore to them.  Many times just donating it just to get it out of their sight.

Now let us see just what you have that would benefit those great people with "things".  Shall we compare us to a B&M.


Here is what B&M Stores offer: 
Open limited hours
Sell locally
Have to run newspaper ads
Usually their customer base is a radius of 5 miles
They have to wait for the customers to come in
Have to stay even if there are no customers
Have to rotate their inventory often.

Here is what YOU have to offer:
Open 24/7
Sell Internationally
Use Social Media Marketing
You have the benefit of the Internet that people shop on everyday.
You sell on a popular platform that has thousands of daily visitors.
You can work from anywhere with your mobile, the beach, at a coffee shop, etc.
You can keep your items in your store for years, because you have new eyes coming in every day





 This is just a few of the benefits that you offer as well as your good customer service, reputation and knowledge of how to sell items.  Most of the B&M's have employee's that may or may not know much about the items that are in the store.  I could go on and on, but I think you get the point now.
YOU are valuable to those that do not want to take the time and effort to sell their items themselves.
This is some of the things I will be selling for others from just one client!  I have 25 boxes of things from her,



These boxes are loaded with very high end dinnerware and glassware.





This is just some of the collectibles

 Yeah!!! Christmas Dishes










                                                                      Very expensive Minton China





Next post tomorrow will talk about how to do this successfully and make tons of money.

1 comment:

  1. Thank you for sharing your thoughts on consignment selling, Sherry! I absolutely agree - You need to value your own time and experience as a seasoned seller. I did not do this initially and it cost me a lot of time and effort. I decided to put a minimum dollar value limit on items I would be selling for others, and things are a lot better as a result. I still have a lot of fine-tuning to do, but the most important step was valuing my time and effort in helping others sell their items.

    Looking forward to your second installment!

    ReplyDelete