WHY SELL MY BAG?
There
are many reasons to sell designer handbags, but most often it comes
down to money.. or bag space within your overflowing closet! Regardless
of your reasoning, it's always nice to have a fresh start, and who could
complain about recouping some cash from an old bag fling? There are
many outlets for selling your designer handbags, purses and
accessories, and just as many reasons why each bag outlet may or may not
be a right fit for your purses.
BAG CONSIGNMENT ONLY
There
are a handful of consignment shops out there that buy designer handbags
outright, but often bag resellers only offer consignment. Consignment
means that you send your purses into the consignment shop and the
consignment shop lists the designer handbags for sale on their website.
Often the consignment shop will give you an estimate of what they
anticipate selling the purses for, and also what their payout or
consignment shops rate will be. A typical consignment shops rate is
somewhere between 60% to 70% of the purses sale price. This means that
once the bag sells, you will then be paid the pre-determined consignment
shops percentage. Consignment will typically net you the highest return
on your designer handbags, the only downfall is that you must wait for
the purses to sell before you can be paid.
BAG BUYOUT OFFERS
Unlike
consignment only, many resellers of designer handbags will also provide
a flat buyout offer. Usually this offer will be anywhere from 40% to
60% of what the seller anticipates they will sell the purses for on their end. In order to be a functional business, the reseller does
need to make a profit, so don't be offended when the buyout offer may
be much less than what you are seeing the purses listed for on their
website. Though they may be taking a larger chunk of the overall profit
from selling the designer handbags, they are also acquiring the risk and
overhead that now owning the bag entails. Taking direct buyout offers
from consignment shops that do offer this option is best if you are not
able or willing to wait for the purses to sell on consignment.
BAG DIRECT SELLING
An
additional option for selling your designer handbags would be to try
and sell the purses directly to a customer yourself. Many sites, such as
eBay and Tradesy
allow you to list your designer handbags and sell directly to the next
owner. This way to sell your purses is a bit more cumbersome than most
prefer. As a direct seller, you are in charge of photographing the
purses, writing an accurate description, answering any questions
regarding the purses, and eventually even shipping the designer
handbags once they do sell. The host site as well as monetary processing
sites (such as PayPal) will take their percentage of your sale. This
cut often amounts to around 10% of your selling price. Direct selling
can be fun and and feel very rewarding, however more times than not,
large handbag resellers can actually obtain a higher selling price for
your handbags than you ever could selling the purses on your own. Many
resellers provide a convenient and reliable shopping experience that
their clients are willing to pay a little extra for.
BAG VALUE FACTORS
As
mentioned in the REAL AUTHENTICATION Buying Guide, all designer
handbags are not created equal. Certain brands like Chanel, Hermes and
Louis Vuitton never go on sale and rather than lose resale value over
time, can actually increase in value! Value factors like color,
silhouette and textile all affect the resale value of your purses. If
the handbag is viewed as a "classic" or "timeless" piece, you are likely
to get more for your purses than if the piece is really wild, funky or
clearly screams "I'm from the 80's!" For more information on Investment
Purses and how to buy designer handbags as an investment, please click here.
BAG SHIPPING COSTS
Shipping
is an outlier than some may not even consider when selling your beloved
designer handbags. Though most consignment shops do provide you with a
prepaid shipping label, if you are an international client, often times
you are responsible for shipping in full, half of the shipping cost or
at the very least Customs Fees. If you are acting as a Direct Seller,
charging the customer shipping for your purses may hinder your sale as
online consumers typically gravitate toward Free Shipping.
Have
additional questions? We would love to hear from you! Contact us at
info@realauthentication.com
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