By ACA staff
Many women readily admit their wardrobes are full of clothes, shoes and hand bags they never wear. But did you know these items could be turned into cash? With these handy hints, you'll be able to make a tidy profit from items you already own.
In addition to selling on eBay or The Trading Post, clothes can also be sold via consignment stores. These are recycled fashion stores that will sell your items to their customers and take a percentage of the profit. For example, The Great Mistake in Sydney pay sellers 50 percent of the item's final sale price minus GST. See the links section for examples of consignment stores in Australia.
Consignment and second hand selling tips
The condition of the item is paramount : It's important that any clothing that may be sold is kept in good condition. Many online second hand stores and newspapers recommend that all items are either freshly cleaned or dry-cleaned and pressed. Check for loose threads, buttons, hems and seams.
Brands and quality matter: Brands people can recognise are much more likely to sell. If the item was cheap to start with, you will probably have trouble re-selling it. Buyers want to purchase brands they know and trust for less than the market price.
Luxury or designer goods are particularly popular with buyers who want a champagne lifestyle on a beer budget.
Items are seasonal : For most buyers, it's all about the here and now so it's best to be selling items for the current fashion season. Don't try and sell summer clothes in winter as you'll have more trouble finding a buyer. Many consignment stores won't take on items that are older than two years.
Wear and tear: While good quality items will wear well over time, it's important to consider how much wear and tear buyers will tolerate. For items such as hand bags and shoes, it's best to sell things that haven't been used a lot. Something under two years of age is less likely to show the kind of wear and tear that may prevent it from being sold.
Research the current market price: Buyers will know how much items are selling for in regular retail stores. It's a good idea to price your goods accordingly. Try to attract buyers by selling items for less.
Be unique: Anything purchased overseas or something that is a bit different will attract plenty of buyers. Bargain hunters and shoppers alike want something they can't get anywhere else, so try and consider what makes each item you want to sell special.
Fashion trends come and go:Buyers are less likely to buy items from high street brands as they will date very quickly. For example, this season's summer skirts won't resell well but a jacket from a label such as Burberry will always sell well. Each season certain trends will be popular but they will also lose much of their value if re-sold.