Opening consignment shop - cons and pros?

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Opening consignment shop - cons and pros?

This is a discussion on Opening consignment shop - cons and pros? within the Horse Tack and Equipment forums, part of the Horse Tack category
  • Advantages and disadvantages of owning a consignment store
  • The pros and cons of running a consignment store

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    09-29-2009, 10:19 AM
Opening consignment shop - cons and pros?

Friend of mine thinking about opening a consignment shop in area (I'm in MD). So I have no experience with any stores what so ever and can't give her any advise, but I know some people here either work or run such stores (or tack stores). So may question is... Is it profitable at all (that's my biggest doubt, frankly )? Is it easy to run? Any thoughts/opinions/experience would be very helpful!
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    09-30-2009, 12:07 AM
Green Broke
I have a friend who did this for a while. She had a trailer she took from show to show and had quite a bit of stuff for sale (mainly show clothes). She had a very nice display but I'm not sure it was exactly "profitable". I personally thought she was over charging for things as you could generally get the same items on ebay for a little less. Plus, she was selling mainly higher end stuff (tailored sportsmans, custom hunt coats, etc) at mainly schooling shows. It was a good idea because it did give people who are leary of ebay a place to get nicer things at a cheaper price, but you do need to know your audience! Bringing a trailer to shows was a fantastic idea because she didn't really have enough to open up a "store" but it allowed her to bring what she had to a group of horse people. And she only had to pay the show a "vendor fee", instead of paying for a space for a store. You could also organize a semi-annual "garage sale" type event for a bunch of barns in the area. Have everyone bring you what they want to get rid of, they get a certain amount, and you get a percentage of the commission for what sells. What's leftover (and unwanted) could get donated to a local horse therapy place. I do quite a bit of selling on ebay and people or often asking me if I'll sell things for them. My advice is 1) know what price things are going for (so you aren't asking too much or too little) and 2) only take in what's going to sell! I have a pair of size 9 cheap rubber boots. Believe me, no one wants these! It'll be like, $15 to ship them somewhere and i'll make, what, a dollar? Not really worth the gas to the post office to ship them!
    09-30-2009, 10:20 AM
Thanks, upnover! I know my friend is doing it now too: she brings stuff to the show. Which makes sense. (and she also sells those high end saddles/pads/etc., not everyone can afford). My concern about the shop is that you have to rent a place, advertise, eta-eta-eta. Just too many expenses on front. And with high end stuff only I don't think there will be way too many customers, who can afford. Well... I'll try to explain her that, but I doubt she'll listen to me anyway. :roll:

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