THE CLOSET CLEANSE
Calgary, Alberta
Pricing your items correctly can be tricky and ultimately they are your items so you should sell them at a price you are comfortable with.
However, if you are hoping to sell all your items and make some DOLLA DOLLA BILLS, I have outlined a guide to pricing your items below.
Most consignment stores follow the 60/40 rule, meaning they keep 60% of the profit and you receive 40%. In order to maximize the profit from your closet cleanse takeover you should receive at least 10% more than you would at a consignment store. For example; if you bought a dress for $100 originally, a consignment store would probably sell it for $60, keeping $36 and giving you $24. Therefore, if you list your dress for any amount higher than $24 you will be making more than you would at a consignment store.
I know what you're thinking... Its hard to sell your $100 dress for approximately $30, when you know its worth $60! Please keep in mind you're still making more than you would elsewhere. Maybe, as a compromise, you sell it for $40 - this is still an enticing price for buyers and you're making $16 more than you would at a consignment store!
At the end of the day, these are your clothes that you spent your own money on, so price your items however you feel most comfortable!