I am a bit frustrated with Thrift shops marking items at ridiculous prices!
I absolutely love sourcing for my closet. My goal is to try and purchase items for less than $5. Hopefully, closer to $3 or less even! I need that so I can make some money on the items. If my price point is $20, Poshmark takes $4 and if I give $4.99 shipping, there goes another $1.50. I'd make $14.40. Not bad. But, most things sell for a lot less than $20. In fact, to give you an idea of some typical sales, here's what's happened recently:
A top sold for $8 and I made 5.50. Subtract $3 as an average of what I spent on it. And, the net is only $2.50.
A pair of capris sold for $12 and I received $7.55 from Posh. Subtract $3 and I made $4.55.
A bundle of 2 shirts sold for $19 and my earnings were $13.70. Subtract $6 for what the two items cost me, and my net is $7.70.
Occasionally, I do make a big sale but the majority result in getting my money back for what I spent on them and a little income.
So, what Salvation Army and Goodwill think they are designer outlets, I get frustrated.
Yesterday, I went to my local Salvation Army. On Wednesdays, four colors (they color code the tags) are 50% off. Just about every time I found a NWT item of a decent brand, they had tagged it for $24.99! Even at 50% off, I could not make money on that item. I even found one item that had a original store tag that had $22.99 as the retail price and Salvation Army tagged it at $24.99! Are you.......kidding me?
Moreover, many of these items they had priced out of my preferred range (6.99 or less) were not even great brands. They had overpriced Shein, Forever 21, Rue 21, and Fashion Nova.
They already have tons of Zara that they sell at half price and most of it is junk because they are all flawed with things like broken zippers and tears!
Goodwill does this to some extent too. I guess it is ok for people looking for a bargain and are buying for themselves but for resellers, it's a bummer.
Thank goodness I still have Plato's Closet and my local SPCA shop here in my hometown and the Curiosity Shop and Teen Challenge in my real hometown. I've tried God's Thrift before but I remember their prices for secondhand to be outrageous with no deals.
I have so much inventory right now that I do not need anything else but I still love getting great deals with the hope of making more than a few dollars on them.
Conclusion: Remember my reason for doing this is to keep me busy and focused on something meaningful so I have a distraction from all my worries.
Want to join Poshmark?
It's easy. I recommend downloading the app and it will lead you through the steps. Be sure to use this code to receive $10 of your first purchase:
LEPROF_74
My closet: https://poshmark.com/closet/leprof_74?sort_by=added_desc&all_size=true&my_size=false
See something you like in my closet? Comment that you read my blog and I will give you at least 30% off your item or bundle.
