Consignment Flips


To follow up all the goodies I found on my Value Village half price day in Ottawa that I show in this video I wanted to show you the reality of flipping second hand goods. Its a gamble… like I’ve said a million times. Sometimes you win, sometimes you lose.

Rieker Shoes:
Retails for $145 – I paid $5 – Consigned for $40
I received $24 for a total of $19 profit.

Grey furry dress by Orange:
Retails for $120 – I paid $7.50 – Consigned for $40
I received $24 for a total of $16.50 profit.

Black & White Cardigan by TopShop:
Retails for $65 – I paid $6.50 – Consigned for $30
I received $18 for a total of $11.50 profit.

Magenta Cardigan by 89th & Madison:
Retails for $60 – I paid $4 – Consigned for $25
I received $15 for a total of $11 profit.

Leopard print top by GAP:
Retails for $50 – I paid $4.50 – Consigned for $20
I received $12 for a total of $7.50 profit.

Ankle boots by Cougar:
Retails for $150 – I paid $10 – Consigned for $40, sold at a discount for $20
I received $12 for a total of $2 profit.

Black & White leopard print purse:
Retails for $40 – I paid $5 – Consigned for $30, sold at discount for $15
I received $9 for a total of $4 profit.

Grey leather mini bag by Danier:
Retails for $80 – I paid $4 – Consigned for $40, sold at discount for $30
I received $18 for a total of $14 profit.

Blue cardigan by Penny Black:
Retails for $100 – I paid $7 – Consigned for $40, sold at a discount for $20
I received $12 for a total of $5 profit.

Beige knit tassel top by Zaria:
Retails for $80 – I paid $5 – Consigned for $30, sold at a discount for $22
I received $13.50 for a total of $8.50 profit.

Tie Dye overtopper by Tribal:
Retails for $85 – I paid $5 – Consigned for $30, sold at discount for $15
I received $9 for a total of $4 profit.

Black & Mustard knit Cardigan:
I paid $4 – Consigned for $20, sold at discount for $10
I received $6 for a total of $2 profit.

Pink & Blue knit cardigan by Easy Spirit:
Retails for $80 – I paid $4 – Consigned for $30, sold at discount for $15
I received $9 for a total of $5 profit.

Faux “Brighton” style bag:
I paid $3 – Consigned for $40, sold at discount for $20
I received $12 for a total of $9 profit.

So clearly this isn’t everything that I thrifted and resold but you get the idea I’m trying to get across. On just these items I have made $107.50 in profit but its always interesting to me what you really think will sell, and what ends up selling and for what price.

When you see these resellers on eBay making thousands every week there’s a few key points you need to realize that is not out in the open. #1 they’re getting their product for under $1 a piece. #2 they don’t always make much money on each item they sell. #3 it takes a long time to build up a clientele, awareness of your shop, etc.

Thrifting to resell can bring in some income, but don’t use it like your only income (unless you have access to all the key things above!) we call it “coffee money” or in my case, a means of replenishing and rotating my wardrobe.


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2 Comment

  • Tara Bodeux

    March 8, 2017

    I’m curious about the percentage that you get on the sales from the store, it appears that you get 60-70% of the sale price. My experience with consignment is that the sellers get 40% of the sale price. Do you get a special rate because you work at the store? Or are consignment stores just that much more generous in Ontario?

    Thanks!

    Reply
    • Pamela

      March 8, 2017

      I am the manager so if I consign I receive 60% rather than the 40% that clients receive. Some stores do 50/50, some 70/30 but most are 60/40.

      Reply

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