Haul Review

Lots of bloggers write posts about their awesome thrift store hauls and they guess how much they are potentially going to make off it. Which is fine, I enjoy reading those articles myself.

I want to cover some of the realities. Most bloggers rarely tell you how long their items took to sell. Or in some scenarios, that it might NEVER sell.

So here is a typical pick for me. These items were purchased two years ago. I purposed waited to write about this. To give it time, to get the the full story.

bagged

The local area Rescue Missions had a huge 1/2 off sale day. I visited four stores.
I spend $94.09 altogether, purchasing 53 items.
-1 item – Mug rack went to a friend
-2 items – The mixing bowl and cassettes went to another friend
-4 items – Things for the house

Of the remaining 46 items, 14 have sold to date for $300.39
All but one of those items sold within 30 days of purchase. The one item sold in 60 days.
So only 25% of my items have sold.

unbagged

I have 31 items remaining. 20 of which are the cups and mugs. I never got around to listing them.
Two are currently listed.
I stand to make $100 off the remaining items. It’s never good to have merchandise sitting around. It can’t sell, if it’s not listed.
So maybe I’ll make a little challenge for myself. How fast can I sell the remaining items?

So a few points:

Research is key
Yes, we all have a smart phone nowadays and can research prices with the touch of a finger.
More research is needed though. You can’t stand in the store and look up the prices of 100 items. You will be there ALL day. You to need to be able to locate items you want quickly and move on.

Know the difference between a vintage item and a modern recreation. Get familiar with a brand, know it inside and out, all of the little details.

Of the above items, I was familiar with most of these items. I may have researched one item. This is why a good chunk of them sold in the first 30 days and how I was able to go to 4 stores in one day. I was familiar with what sells and was able to locate them quickly.

“Bread and Butter” item
As a seller, you have to have a “bread and butter” item. The type of item that you stock and sell the most of. They are something you can find everyday at a thrift store and easily sell. Some popular items with sellers: Name brand polo shirts (Brooks Brothers, Banana Republic, Polo Ralph Lauren),  novelty shirts, baseball caps, sports apparel (jerseys, jackets, sweatshirts, shirts).
Whatever you decide on as your item, know it well. You will not retire off selling these items, but they will give you a steady source of income.

Storage
Everything must have a home… or so we would like to believe. It needs to go somewhere. Otherwise, you run the risk of overtaking your living areas.
If you have a barn, shed or a huge basement and all of your items are neatly organized, labelled and in totes, you could potentially storage thousands of items.
If you living in an apartment with your significant other, maybe a few cats or a few kids, space is at a premium. In which case, maybe a storage locker would be a best option. Or perhaps buy smaller items that can be tucked away under a bed or something.

Of the above items, 32 items are just sitting around, taking up space. Not good. Fortunately they are smaller items. Remember though, they add up.

Toss and burn
Sometimes, no matter what you do, you have an item that will just not sell. So how long is too long? Depends on your storage situation.  Remember, an unsold item is taking up real estate and has money tied to it.

Here are few suggestions:
a) Double check all of your info in your listing. Check for typos, if you have the correct keywords, is your shipping rate correct, which countries you ship to, basically anything that would limit how many people can see your item.
b) Increase the price. Crazy huh? I’ve read many stories from sellers where, after increasing their asking price, their item sold shortly after. Nothing scientific about it and it helps your bottom line. Can’t hurt to try.
I’ve  personally have done this a few times myself and have had good results.
c) Try a different avenue for sales. If you sell on ebay, have you tried etsy? Maybe your item is best suited for craigslist? Try a facebook or yahoo group. Or any number of those selling apps like wallapop. Don’t limit your sell to just one area.
d) Round up similar duds and make a lot.
e) Blowout duds at a yardsale, garage sale, flea market, etc.
f) Last resort – donate it or toss it. Cut your losses. It’s not worth holding onto.

Of the above items, I’m going to give them another few months before I donate them. I already made my money. So it’s no huge loss if they are gone. If anything, I will have freed up some space.


 

Newly listed items:

Store           J       F     M     A     M     J     J     A     S     O     N     D
Ebay           47     00    00    00    00   00   00   00    00    00    00    00
Etsy            62     00    00    00    00    00  00    00   00    00   00     00

Thrifting thru Connecticut

Two weeks ago, I took a little vacation with the family and thrifted our way across western and central Connecticut.

Monday 4/21

Savers Brookfield – “Sticker shock” immediately comes to mind. I’ve been thrifting around upstate New York for over a decade now. The prices in CT by comparison are on the high end of things. For example they had some higher end used jeans in the $19.99 and $24.99 range. I’m used to paying $7.99 tops.  After I came to terms with their prices, things went well.  It’s a pretty large location. Well organized and super clean. Got several items and was able to find a few good deals.

Goodwill Brookfield – Similar to Savers in Brookfield, a bit on the pricey side. Much smaller location, but jammed to the gills with merchandise. They had lots of housewares and womens clothing. Not much for mens or childrens clothing. One of the only locations we visited all week that had any musical instruments.

Salvation Army Danbury – My favorite location of the day. They didn’t have as much high end merchandise as Brookfield stores, but what they lacked; they made up for it in volume. Two stories of thrifting gold. First floor packed full of mens, womens and childrens clothing. Variety of newer and vintage items. Upstairs had tons of furniture. I like how they had several living space setups; coffee table, end table, lamps and couch with decorated with other accessories. Similar as if you walked into Raymour and Flanigan. The entire store was very reasonably priced. I will definitely visit again next time I’m in the area.

Goodwill Danbury – I wouldn’t call this location a thrift store, maybe a re-seller of unsold Target merchandise. Very small location, little to no furniture. I got the kids some Target blowouts and that was about it. If I was in the area again, I would probably skip it over.

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