Consignment shops typically take 40% to 60% of the sale price, but the split depends on the shop's brand reputation and sales volume

Selling on consignmentcan be a great way to bring in extra cash flow and get your name out there for more of the world to see. That's huge! Another potential advantage of cutting a consignment deal with a retailer is the opportunity to sell wholesale to them eventually

  • Outward Consignment: When goods are sent from one country to another for sale, the consignment is called outward consignment.
  • Inward Consignment: When the goods are sold domestically for sale then it is called inward consignment.
  • X Sent some goods to Y for sale.
  • Sales uncertainty.
  • Lack of motivation to sell.
  • Necessity of a good agreement.
  • Lesser incomes.
  • Logistic limits.
  • Uncertainties on the condition of the products.
  • Competitive risks.

Online consignment stores Sell used clothing on online sites like:

  • Queenly 
  • The RealReal 
  • Vestiaire Collective 
  • Poshmark 
  • Kidizen 
  • ThredUp 
  • Fashionphile 
  1. You bring your items to a consignment store.
  2. The store agrees to sell it on your behalf.
  3. You both sign an agreement outlining the terms of the sale.