We want you to sell your items and make money!
What is the best way to price my items?
This is the most common question that I get from consignors. And the hardest one to answer. There are so many factors that go into pricing an item (size, style, brand, is it new, are all the parts there, etc..). As a rule of thumb, the cheaper it is, the faster it will selll… pretty obvious, right? The biggest mistake I see is that people price their items too high, and then nothing sells. If you take out the emotional aspect of selling your items, you can price right.. and sell more.
Now, that doesn’t mean you should GIVE it away. But marking something just $1 or $2 lower could mean the difference between storing that oversize toy in the garage for another 6 months or not. I have found a couple great links that I think may help you (see below).
- Newborn and Infant clothes (up to size 2T) do NOT sell very easily, so price them accordingly if you don’t want to see them again… even “new with tags”. New mommies get so much of these sizes in gifts that unless it’s priced right, they don’t typically don’t need it. It’s more of a want.
- Sizes 2T and up have more wiggle room with pricing.
The first thing to remember is that you are selling used items. Click the link below for the BEST pricing guide available compliments of ConsignmentMommies.com – Thanks CM!
When pricing items you plan on donating, please allow them to go half-price, we would rather you get something for it than nothing at all.
As a general rule you will want to price items at about 1/4 to 1/3 of their original retail price. If your item is a name-brand or boutique-brand such as OshKosh, Gymboree, The Children’s Place or other higher end, you can price closer to 1/3 original retail. For example, if a GAP t-shirt can be purchased on sale for $10.99, you can reasonably price it around $3.50 for good condition, $4.50 for excellent condition, and $5.50 if the tags are still attached.
The one exception to the 1/4-1/3 rule will be indoor/outdoor toys like kitchens and playhouses (Little Tykes type items). These types of toys are in higher demand and you can expect to get as much as 1/3-1/2 of original retail price, especially if they have only been used indoors and are in great condition.
You should ask yourself “what would I pay for this?”
DO NOT price with your emotions!!! Because of treasured memories that you have attached to an item, you will always believe your items are “worth” more than someone else purchasing them. Just remember – no one can buy your memories… you will have those forever.
We are not a department store and we are not a garage sale. Don’t price yourself out of the sale. No matter how cute, please remember you are selling used clothing and items.
Remember the lower the price, the more appealing to the buyer!