5 Things to STOP Doing in Your Vintage Resale Business
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- čas přidán 12. 09. 2024
- Whether you're an antique booth owner, online seller, or mixture of the two-- I'm sharing 5 things today I see happening over and over again in our business that I see as big mistakes. These are lessons I have learned over the past 12 years of being a vintage seller that I am often reminding myself as well!
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1. I’m on a buying freeze until I empty my storage unit…I will save $206/mo.
2. I’m having a 1/2 off sale now in my large booth- I usually don’t have sales.
3. 🙋🏾♀️ My name is Bronté and I have 5 booths- largest is 10x10 and smallest is 5x8. I need to empty my storage unit. 🤷🏽♀️
4. All of my booths have themes.
5. I would never complain about customers, I agree it’s unprofessional.
Thank you all points are valid. 😊
Empty that storage unit! You will appreciate that extra $$, and yes, sell off what you have then start with a good plan for how to buy on budget. You can do it!
Oh girl you hit the nail on the head!!!!!
Your channel is great - such wisdom from such a young guru!
Thank you!
Thank you for the tips. They are really helpful. I've been at this for 3 years and realized I was stretched thin. I finally made the decision to go down to one booth. It has made a huge difference in sales and balance of life. Thanks, I'll keep watching.
Good for you!
Great tips! I think overbuying can be a real problem for many of us. I also particularly liked your professionalism tip. As a buyer I've had interactions with sellers that left me speechless.
Glad it resonated! Maybe a few of us can help raise the tides for everyone else all.
I needed your video ! I’m overwhelmed from too much inventory again! I think I’m going to donate a good portion to my church garage sale as a charitable contribution. Thank you for your supportive videos! Wishing you continued success with Lost and Found!
It can happen soooo easily . . . glad you have a plan to tackle the overwhwelm :)
This was great info! Thank you for sharing ❤
I needed this.... Especially number 1... I've already been making some changes like NOT selling anything big online. I think my time and packing materials eat in to the profit too much. Also the space where a large item is stored can have 20 smaller items that will make more money.
Sounds like you're thinking strategically, awesome! It is SO much work to ship large items.
Great video, thank you!
My pleasure!
I love antique and vintage items, I have been a thrifter of the unique and vintage for 30 years now. I have never bought online through a reseller. I am not putting reselling down, by no means. I love that people have discovered the beauty and quality of pieces from the past. We will never see this quality and beauty again I am afraid. However, half the fun and joy for me is the treasure hunt. Yes, I know Goodwill’s prices have gone up drastically as well as other donation type charity shops inventory. However, in my opinion, it is become more of a challenge and these retail stores let items slip through all of the time. Granted, gone are the days of finding a beautiful Roseville vase at the thrift shop, but that is okay. There are still so many other items out there to procure and love. 💕
The hunt is a big part of loving it, for sure :)
Awesome advice! I’m kinda new too. I was in a mall that also sold wine and was upstairs. Things were slow. Now I have a small 7x6 space, in a fun mall…I pay 75.00 a month. (Near Peoria, Illinois). It’s going really well and I’m getting that feeling like I would take a bigger space if one comes up. It’s so good to listen to you…you’ve been there. I love the picking part! So I know I’ve got to force myself to stay home and work with what I’ve got. We have a small “plastic resin” shed we put up, just for my “stuff”…furniture to be painted, out of season bins of stuff for the booth. I refuse to pay monthly for storage! I easily get overwhelmed….so thank you so much for saying that! Is it just me…no…it’s a sign to stop picking!🤣😌💕
Absolutely. I think there are a lot us that feel and experience all of these things, and it's helpful for me as well to talk with other people and realize I'm not the only person trying to figure it all out :)
I don’t have a business, nor do I desire to, but I really enjoyed your video and what you had to say. Hopefully those people who are running a business will listen to your common sense advice. Nicely done.
Thanks Sue!
Yes on all counts .. I needed those timely reminders. I need to stop buying stuff (maybe implement a no spend month).
And I definitely don’t believe in posting negative comments on customers or booth owners. Thank you Melanie . Your hair looks so pretty
You are so welcome! (And thanks for the hair compliment, too :)
As an antique dealer for almost 40 years, I can assure you I have done all the mistakes you mentioned. Hopefully, over time I have learned to correct those errors as well. Thanks for a great video.
Thanks for watching! Experience is usually the best teacher, right?!
I hope your home and business are okay following the awful weather you all had. My brother-in-law teaches in Rogers. I am sure everyone is busy cleaning up. Thank you for your content!
My mall was actually hit and will be closing . .. I hope to share a video next week with more details. But thankfully my home is ok, I live one town south. It was cazy though, lots of lost homes and businesses.
💥We built our first home in Cave Springs when the population was 325.
Loved this! I have a fantastic storage space in my house...My mantra is to sell, sell, sell over store, store , store. Also #5 is soooo on point....I absolutely dislike it when other vendors speak badly about customers and other vendors or even other mall owners. When this happens I just have to walk away...bottom line...just be nice!
Great ideas that I think New Resellers really need to hear! This is a tough business and we all know shopping is our favorite thing to do, BUT, you have to price and list what you have and SELL it, before you keep shopping. I have a booth and my sales this year are just dismal. So I took 3 months off from buying anything and just downsized from 2 booths to just 1. I can't just throw my money away. I hope this helps me and I hope I start selling again, but you have to be practical.
Thanks for sharing your experience as well. It IS a tough business, and it’s hard to make those downsizing decisions too.
Love your attitude... especially #5
thanks. glad it resonated :)
So in my mall when I ask what is selling I get the same answer "it's just a variety of everything"! So I am not getting a straight answer. I have two booths that were once offices so I get lots of privacy! Currently I have one room 'guy geared' and the other is for 'the ladies'! So I want to switch it up! I want to do one whole room just for kitchen items! The other would be more of a modge podge of other items! I just want to try it out! I really haven't found my groove yet and am still searching! We will be moving our mall to a bigger location in November! I will be taking on a third booth when that happens! I need to definitely improve on my pricing! That is a real struggle with me! I love doing this! I just want and need to improve! I was really happy that in May I made the top 5 sellers! That to me proves I can succeed!
I do like the picking and display part, the pricing and inventory part not so much. I get overwhelmed with organzing my inventory so I can find what I want and rotate stock. I sadly have stuff that I am sure has not been placed in the booth. I have slowed way down on buying until I can get the inventory under control.
All good prudent advice. Thanks for the insight. Enjoy your take on booth business.
Thanks for watching!
You are a godsend. Thank you for validating my choice to move slowly and take time to learn. I'm a newbie & I appreciate you. Thanks for the video ~
You got it :) It's not race and there's plenty of time (and business) for us all!
Such great advice, Melanie!!! Always happy to see a new vudeo :)
Glad it was helpful!
So timely - Boy I needed this today to avoid going to Value Village on Senior 30% off day. I have been buying so much lately and do not even have all of my recent purchases cleaned and put away. So after I finish writing this, I will be tackling some of it and pricing it to take into my booth. Thank You.
Glad it found you at the right time :) Thanks for watching.
Loved your tips! They are such helpful reminders. Thank you!
Glad it was helpful!
It seems to me that a lot of resellers that have popular CZcams channels put themselves in this situation. Because they're making enough through CZcams to support themselves, but in order to keep that going they have to be constantly shopping and buying. This is just something I've wondered about. I'm not a reseller myself, so don't have any personal experience with this.
That's a possibility! When you buy stuff to sell, and it doesn't sell, then it stacks up. But I talk with other fellow vendors all the time that don't do anything on CZcams, and they still have storage units and garages full of stuff they've bought because it was a great deal at the time. That's hard to pass up for a lot of folks.
Thank you I love this, helps alot, love all ur videos , they are amazing !!!
You are so welcome!
Very timely video. Lots of great wisdom.
Glad you enjoyed it!
Thank you and my husband thanks you. I have enough inventory to fill about 3000 sq ft. Not kidding. I have the problem of not saying no to people wanting help to downsize. I shared this vlog to Dealing on the River a Facebook page I admin for sellers in booths, online, or garages.
Thank you! Glad it was helpful!
Thanks a lot 😊
Most welcome 😊
Thank you so much! Your videos are always super helpful.
Glad it's helpful!
Excellent points, the last one is so true. Publicly complaining about your customers especially putting their information out there is not only unprofessional, it’s tacky. I’m a no drama girl and if I saw that happening I would completely no longer buy from or recommend that person.
Team "no drama" for the win :)
Agree about not having too much inventory. Most of my sales are online right now, don't I have to keep listing new things to keep my store in the algorithm?
Wonderful advise - thank you!
You are so welcome!
Thank you, Melanie❤ Looking forward to your upcoming thrifting videos‼️
Thanks!
Thank you for you advices!!
You are so welcome!
Love your channel!, Are there practical everyday items that sell well in a booth? There is a booth owner in our store that just setup a month ago and has been selling tons of dish cloths. Do you have any other suggestions?
Amen to that last point!
😍
Excellent video, Melanie
Thank you!
Yeah, the FOMO is real when it comes to over-sourcing inventory. As is the reluctance to pay up for few quality items at an estate sale and instead clear the Goodwill shelf of $5 items. Even if your business model is fast flips, quality matters. People are looking for the best of the best--and that is what sells, every time no matter the category.
It really is hard to not buy and hold out for quality when you see things for so cheap!
#6 Don’t pay full price at Hobby Lobby.
never!
❤
😍
Excellent advice! Thank you
You bet!