Hey guys! Thought I’d share some tips from a rookie reseller! I have been reselling part time for over a year now and I can tell you, I’ve come a long way. I can still literally look back at the bottom of my storage bins and find items that are still sitting around that hasn’t sold from being overzealous and buying whatever I can get my hands on under the thrift store sun. Well, don’t do what I did, please, I beg you!
Once you know what to look for at the thrift store, it will make things a bit easier. Especially when you start to know what items sell well for you!
Here are five tips on how you turn a profit from your thrift store finds:
1. Do your research! Something I did not do when I went ham at my local goodwill store. Checking online is the best way to do this. Find out what sold when you see an item that you have thoughts about reselling. Poshmark and eBay are a reliable barometer for selling prices on items. If the item is worth it, snag it!
2. Take advantage of discount days! My local thrift store has 50% off all items on Wednesdays, another thrift stores has 50% off clothes every second Thursday and this boutique I go to is 50% off clothes every first Thursday-Saturday. Most goodwill stores has tags with the color of the week and are marked 50% off as well. Try to go on those days, so that you can buy super low clothes to sell super high. Can I get a cha-Ching? Tip: High end locations are your best bet too!
3. When thrifting- contain yourself when you find that unicorn item! If you find a very expensive item, make sure it is authentic. The last thing you want to sell is a fake! Save that for Regina George. However, If you find an item that is an absolute yes, make sure there are no holes, rips and/or stains. It sucks when my dresses have holes, rips and/or stains.
4. Keep track of your thrift spendings! Find out what you are buying for how much, what it is selling for and your profit. Ive been keeping my receipts since the beginning of the year. Until I find a trustworthy system, bet your bottom dollar I am doing this old school. Your bookkeeping will thank you in the long run. You’re welcome.
5. Have fun! Don’t compare yourself to other resellers. Everyone is at their own pace. I know from experience that it can be discouraging. Don’t give up. If this is something you truly enjoy and can see yourself doing this, whether it’s a hobby, part time or full time, have fun! Don’t burn yourself out.
I hope this helped! I am not an expert and I am not a reseller guru, but I am learning. If you have any special tips you’d like to share, please do so on my instagram at heysheenathrifts.