5 Consignment Sale Business Success Stories [2024]

Updated: July 24th, 2023
Start A Consignment Sale Business

Consignment sale businesses involve purchasing or accepting used or gently worn items from individuals, and then reselling them at a markup to other customers. This can include clothing, furniture, home decor, and other items.

To run a successful consignment sale business, a few key considerations must be kept in mind. Firstly, it’s essential to clearly understand your target market and the types of items most appealing to them. This could involve researching local trends and popular brands and reaching out to potential sellers to gauge what types of items they may be interested in consigning.

Another critical element of running a successful consignment sale business is effectively pricing and marketing the items you have for sale. This will involve keeping track of the original purchase price of the items and the current market value of similar items to determine a fair selling price. It’s also essential to have a strong online presence, whether through a website or social media, to help attract customers and showcase the items you have available.

Finally, it’s crucial to have a system in place for managing the consignment process, including tracking the items you have for sale, communicating with sellers, and handling any disputes that may arise. This could involve using software or a spreadsheet to keep track of everything and having clear policies and procedures in place for dealing with any issues that may come up.

Overall, running a consignment sale business can be a rewarding and profitable venture for entrepreneurs who are able to source and sell quality items to their target market effectively. With the right planning and attention to detail, this can be a successful and lucrative business opportunity.

Here are some real life success stories of starting a consignment sale business:

Learn more about starting a consignment sale business:

Where to start?

-> How much does it cost to start a consignment sale business?
-> Pros and cons of a consignment sale business

Need inspiration?

-> Examples of established consignment sale business

Other resources

3. Ricochet

Be where your store is going. Sell retail and consigned products faster with Ricochet’s powerful and elegant point-of-sale solution.

Website traffic: 200K/month

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4. SimpleConsign

Where they're located: Mo-Nkwanta, Bono East Region, Ghana

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5. Rhea Lana's

With 100 locations in 22 states, Rhea Lana's is the nation's premier children's consignment event. Clothing and Connecting Families since 1997.

Where they're located: Shreveport, Louisiana, USA