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More Consignment Tips {Family Money Minute}

More Consignment Tips

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April 17, 2015: More Consignment Tips

I shared some basic consignment sale tips on yesterday’s show, but today I’m taking it a step further to share the rest of my consignment sale secrets…

Whenever possible, keep the original boxes for toys, games and electronics. This will automatically allow you to increase your asking price.
Consider grouping similar items, like belts, hair accessories and T-shirts to get a better price and stand out from your fellow consignors.
Set your price so that it is enticing enough to buy, but you would still be satisfied with a half-price offer.
And finally, avoid pricing items sentimentally.

You may want to consider sharing some of the profits with your children if they helped with the consignment process. But whatever you decide, make sure to have a goal and a destination for your proceeds before you get them.

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