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The following article was published in our article directory on January 10, 2015.
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Luxury Consignment: Selling Pre Owned Designer Bags and Clothes

Article Category: Shopping

Author Name: Veronica Levine, fashionista

The thing with pre owned handbags and designer clothes is that there are many people willing to pay good money for them despite the fact that they are already used. Many of those who own luxury goods like Chanel handbags and other designer bags and clothes are aware of this and are selling their treasures through online and brick-and-mortar stores. This is called luxury consignment.

The idea behind consignment is quite simple. A store, whether physical or virtual, will sell a product for its owner. They earn money by taking a percentage of the sales as a commission for selling the items for the owner. The good thing about consignment is that the owner of say, a couple of Louis Vuitton handbags can sell their pre owned merchandise without going through the hassle of finding buyers or posting ads online. The store will do that for them. They can also pull the products out if they don't sell after a certain period of time. For those who are interested in selling their pre owned handbags and other designer clothes and accessories, here are a few tips.

The store's reputation - It doesn't matter whether it's online luxury consignment or if the merchandise is displayed in an actual store, the main thing potential sellers should consider is traffic. Do people visit the store often? How fast can they sell their products? Do they have a good reputation? A popular store plus quality luxury merchandise usually equals fast sales.

Pricing and Commissions - Consignment stores make money off of commissions. If they sell a product, they get a slice of the pie. This is where proper pricing comes in. If a store takes say, 20% from each sale, make sure that the remaining profits is worth saying goodbye to that expensive designer clutch that has been used only twice. The commission rates charged by luxury consignment stores vary, so make sure to choose one that charges a good rate. It is rare, but there are some consignment stores that charge a flat fee. This may be a better option for those who want to get the most out of their designer goods.

Product pullouts - Sellers can pull out their products from consignment stores if they don't sell. When these items can be pulled out would depend on the agreement between the store and the seller. In some cases, it's 30 days, but some stores have 60 to 90-day cycles before they slash prices or allow sellers to pull out their items. If the seller needs the money quickly, they should go with stores that have shorter cycles so that they can place their products elsewhere or sell them directly to interested buyers as soon as possible.

Consignment is always a great option for those who want to sell off their luxury designer items and make good money out of it. It's definitely easier than selling it themselves and dealing with the customers directly. There are many luxury consignment stores that are willing to do the dirty work - for a fee, of course.

Keywords: pre owned handbags, chanel handbags, pre owned designer clothing, luxury consignment, louis vuitton handbags, online luxury consignment

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