Pricing Guide and Tips
Remember, Selling = Making Money!
As a consignor, you have full control in setting whatever price you choose for your items. However, here are a few tips to help you get the most money while still being competitive:
- Ask yourself objectively “what would I pay for this item” and price accordingly. Try not to price with emotions or sentiment.
- Remember, all items must be priced in 50 cent increments and the minimum price for any one item is $1.50. Combine items (such as bibs or books) if you feel the item alone would not sell for $1.50. Group sets together whenever possible as they will sell better than individual items.
- As a general rule of thumb, items should be priced at around 25 - 35% of retail value. For a specific type of item, like a particular stroller for example, look online to find the current retail value.
- Take into consideration brand, size, condition, and age:
Brand – Shoppers are willing to pay more for boutique or highly sought after brands like Tea, Mini Boden, Bogs, The North Face, and Patagonia.
Type of Item – There is generally a surplus of infant clothing up to size 12 months, so price these items competitively if you want them to sell. Outdoor toys and top baby gear items such as Ergo baby carriers and designer diaper bags are in high demand and can be priced even higher.
Condition – Items in excellent or “like new condition” can be priced slightly higher, while items that are “well loved” should be priced lower. Items that are brand new with tags or new in box should be priced at 40 - 60% the retail value.
Age – Items that were retail bought in the current season, or that have been purchased within the last year can be priced higher. Items that are of an older style or version, especially clothing, should be priced lower.
- Determine if you want your item to be part of the half-price sale on the last day. If you want to sell as much as possible, it is recommended to choose this option as many shoppers come back on the last day to shop for discounted items only. If you plan on donating your items at the end of the sale, make sure to also mark each item as discount.
For additional help with pricing, please refer to our pricing suggestions by clicking on the pricing guide PDF file below or check out www.consignmentmommies.com/resources/clothingguide.htm.
Please remember, all items must be tagged using barcodes created by the Flash Consign software. Handwritten tags are NOT acceptable. Click here for more information on tagging.