Pricing Tips
As a Giggles & Goods Consignor, you choose the price of your items. This Pricing Guide was created for the purpose of providing a starting point for reference. You are NOT required to price your items according to this list. Pricing is 100% your decision. The consignment rule of thumb is to price the item at 25-40% of what you originally paid for the item. Also take into account the brand and condition of the item. In the end, you have to be comfortable with the asking price. We want you to make MONEY and not have to take your items back home. You are welcome to price your items as you wish but here are a few things to keep in mind when considering your pricing:
Price your items as if you were the buyer (not the seller). What would you actually pay for the item?
- When deciding the price of an item ask yourself what the lowest dollar amount you would accept is, and price it. If you are not comfortable with half that amount, then don’t select the “discount price” option for that item.
- What would you pay for the item in its current state? Hint – you may need to separate yourself from the emotional attachment you could feel to the item.
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Do not let the half price amount/issue affect your regular selling price of the item because it will make the regular selling price too high for consignment shoppers.
- Clothing is best priced at 25-40% of the retail price. Keep in mind the brand/label of the piece and price accordingly.
- Toys often sell for 50% of their original prices, especially kitchens, tables, Star Wars, Legos, LeapFrog products, ride-on toys, etc.
- Consignors golden rule: Don’t sell what you wouldn’t buy!
- Pricing Chart PDF
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