Have you ever wondered “How can I make money selling my clothes?” We are here to help you! Here are a few tips to get you started:
1. Make sure you are selling your clothes during the right season.
Would you want to buy a fur coat in the middle of August? Probably not, so keep that in mind when you are cleaning out your closet. If you aren’t interested in buying a coat today, then we may not be willing to buy it from you just yet. That doesn’t mean we don't want it at all, but wait until the right season. Some resale stores will buy off-season items, but have to pay you less for them since they must store the items.
2. Check clothing for stains, odors, holes, and any other issues.
The smallest details can stop you from making the most money. Some of the most incredible clothing is brought in, but we have to pass because of stains or holes. We’ve seen Free People dresses with stains on the front, beautiful embroidered tops with grease spots, and countless other amazing pieces with small issues that we just can't fix. Take the time to check your clothing before packing it all up and bringing it to us. We look at clothing all day long– so this means we can tell if it has been freshly laundered or if you have cats or dogs. These things aren’t bad, unless the odors or hairs are on your clothing. Bottom line–we won't buy it unless it’s in new or gently worn condition and is clean.
3. Sell your items to the right store.
Each store has a niche market and can sell items in that market at top dollar. This means if a store specializes in Free People, Anthropologie, and Urban Outfitters, it can’t give you top dollar for the bridesmaid dress you’re trying to sell. Resale stores are like stores in the mall in that they are usually specialized. You don't typically go to Forever 21 looking for an outfit to wear to a job interview. You may find something after looking through all the trendy crop tops, but it’s not the first place you would try. If you are selling a bridesmaid dress, you should try taking it to a bridal resale shop before going to that super hip indie resale shop. Finding the best store for your item will bring you the most money.
4. Understand the value of your clothing.
When you buy a new car, the second you drive it off the lot, it loses value. The same rule applies to clothing. If you buy a new dress for $100, its resale value is, at best, $50 in a resale store. The longer that dress hangs in your closet, the more you wear it, and the general style of it, will also affect its resale value. You may love that dress because you wore it on a special date, but it has no sentimental value to the next person. We price items at fair market value which doesn’t include how much it was originally sold for, or whether it has special meaning to the owner.
5. Know your options.
We use specific terms and expressions in the resale industry. Knowing what they mean will help you choose what option is best for you. Resale stores typically offer you a choice between cash or store credit up front for the item(s) you are selling. Most resale stores give you around 30% in cash or 40% in store credit of the resale value. For example: if a dress will sell for $10 in the store, you get either $3 in cash or $4 in store credit. Consignment stores put your clothing on the sales floor, and you get paid when they sell. Consignment stores are comparable to resale stores, but they may pay a bit more because they only pay you for the items that actually sell. Consignment stores normally give you 40-50% of what that items sell for. For example: If that same dress sells for $10 in a consignment store, you will get $4-$5 cash, but it has to sell before you get paid. Selling online is also an option. This takes a bit more work on your part, but you make the most profit. Ebay, Poshmark, Depop, and Thred-Up are a few of the online stores to try. Ultimately, if you want to sell your clothing, find the way that works best for you. Time is money, so use your time wisely, and we hope this helps you make some money!