Best Consignment Shops in Miami

There are benefits and drawbacks to selling items on consignment. Consignees save time by not having to list items for sale locally or on eBay, Mercari or other online platforms, and then shipping or delivering sold items to buyers. However, they generally earn less than they would if they sold their items on their own, and they have to wait longer to get their money, as most consignment shops only pay consignees once a month.

A consignment shop is a type of second-hand or thrift store where people can sell their items without having to be present to complete the sale. It saves people the hassle of hosting a tag or garage sale, posting the items for sale online, or donating them to Goodwill or some other organization.

Consignees drop their items off at a consignment shop. The shopkeeper evaluates the items, determines pricing, and places the items on the sales floor. When items sell, the consignee’s account is credited and they receive payment according to the split previously agreed on with the shopkeeper.

Rather than selling items that belong to a consignee and paying the person a portion of the proceeds, thrift stores typically purchase or receive donations of used goods that they then resell for a profit.

Consignment basis selling simply means selling goods on a consignment arrangement as detailed above. In a nutshell, goods for sale are entrusted to a consignment shop, and then the consignee and the shop share the proceeds when the items sell.

Selling items on consignment can be a good idea for individuals with items for sale who don't wish to go through other channels to find interested buyers. It can benefit a person who doesn't have the time or inclination to post items for sale, package them for shipping, and then deal with possible damage or unsatisfied buyers.

To sell at a consignment shop, you simply take your unwanted items to a shop and allow the shopkeeper to place a value on them. After filling out a consignment agreement, you leave the items there for the shop to sell.

Consignment stores generally don't buy items outright. However, they do take a variety of items on consignment, such as clothing, shoes, tools, toys, furniture, antiques, and household goods. Not all consignment stores take all types of items; in fact, most specialize in just a few categories, such as clothing, shoes and accessories, or sporting goods and equipment.

Most consignment shops don't buy prom dresses, but many that specialize in clothing do accept prom dresses on consignment. The seller drops the dress off at the shop, signs a consignment agreement, and gets their portion of the proceeds when the dress sells.

While most consignment shops don' buy clothing, there are many that accept clothing on consignment. Generally, clothing should be clean and in good condition. Some shops may give preference to clothing from designer or high-end brands.

Some consignment shops may pick up furniture from local sellers, but not all do. The easiest way to find out if a consignment shop will pick up furniture items is to call a nearby shop and ask.

It's possible that some consignment shops may negotiate with consignees about the value of the items they're placing for sale. A shopkeeper may also be willing to negotiate about the percentage of the proceeds each party receives following a sale.

A consignment contract or agreement should contain:

• Names and contact details of both parties
• Description and proposed price of item(s) being consigned
• Time frame for and percentage of possible discounts
• Who's responsible for insuring consigned items
• Details of any exemptions for theft or damage
• Details of why and by whom the contract may be terminated

Although what's considered “fair” is subjective, most consignment shops offer consignees 40, 50, or 60% of the amount an item sells for. Some shops may offer more or less, and some charge a per-item or commission rate instead of a percentage.

A general rule of thumb throughout the consignment industry is to price items at 30% or less of their original retail value. For example, a coat that originally sold for $100 may be priced from $25 to $30.